Techmeme
May 2, 2018, 10:45 PM

Top News

Wall Street Journal:
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees  —  Company had lost multiple clients in recent months  —  Cambridge Analytica , a data firm that worked for President Donald Trump's 2016 campaign …
Spotify Investor Relations:
Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M  —  Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018.
Bill Jia / Facebook Code:
Facebook debuts PyTorch 1.0, which optimizes production performance and improves model compatibility with other AI frameworks, coming to beta in a few months  —  The path for taking AI development from research to production has historically involved multiple steps and tools …
Jerome Pesenti / Facebook Code:
Summary of Facebook's AI-related announcements at F8: PyTorch 1.0 open source framework unveiled, expansion of Open Neural Network Exchange, updates on research  —  Artificial intelligence has the potential to transform lives, creating new digital experiences while safeguarding our existing online interactions.
Lucas Matney / TechCrunch:
Kara Swisher / Recode:
Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman  —  In an unusual move, Pincus doesn't want the final say anymore and wanted more freedom.  —  In an unusual move for a Silicon Valley company …
Paul Vigna / Wall Street Journal:
Source: Telegram is calling off the public part of the ICO for the Telegram Open Network after raising $1.7B from 175 accredited investors via private deals  —  Telegram plans to put the money it raised into a new digital payment platform, Telegram Open Network, meant for a wide audience
Thuy Ong / The Verge:
Google announces investment program for early-stage startups working on Google Assistant hardware or features, similar to Amazon's Alexa Fund  —  Funding the Google Assistant ecosystem  —  Today, Google is launching a new investment program for early-stage startups working to broaden Google Assistant hardware or features.
Zack Whittaker / ZDNet:
Coalition representing Apple, Google, Facebook, and others criticize law enforcement backdoors in devices, after Wired profile of Ray Ozzie's key escrow idea  —  The tech coalition includes Apple, Facebook, Google, Microsoft, and Verizon and Yahoo's parent company Oath …
Ashley Carman / The Verge:
LG announces G7 ThinQ with 6.1" QHD+ LCD display and notch, dual 16MP rear cameras, 3,000mAh battery, Snapdragon 845, Android Oreo, Assistant button, and more  —  Photography by Amelia Holowaty Krales / The Verge  —  After months of leaks, LG's new G7 ThinQ phone is officially here.
Bloomberg:
Sources: Amazon is offering to pass along discounts it gets on credit card fees to retailers if they use its payments service Amazon Pay  —  Move shows retailer is willing to sacrifice to grow Amazon Pay  —  It's another challenge to PayPal, big banks and card networks
More: CNBC
Sarah Perez / TechCrunch:
Hulu says it has surpassed 20M subscribers in the US, introduces offline mode, and inks animation deal with DreamWorks  —  Hulu now has over 20 million U.S. subscribers - that's up from the 17 million-plus it claimed in January.  The news of its subscriber growth is being delivered alongside …
Joseph Cox / Motherboard:
Facebook confirms it has fired one of its security engineers who allegedly used privileged access to stalk women online  —  After a member of the information security community provided evidence to Facebook's chief information security officer, the company has terminated a security engineer …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Zoho:
What's new in Zoho Tables with Apple's latest OS updates  —  Your work shouldn't slow you down when you're on the move.With our latest updates for iOS 27, we're bringing more of Apple Intelligence …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Soxton:
Fast, affordable law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!

Featured Podcasts

Uncapped with Jack Altman:
David George from a16z
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Big Technology Podcast:
SAP CEO: AI Won't Kill Software, But It Will Change Your Job — With Christian Klein
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
David Ellison's Paramount-Warner Empire & The Fight That Comes Next
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Factory CEO on why AGI is already here
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Invest Like the Best:
Noah Shinn - Building Instinct: The Personal Agent
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:45 PM ET, May 2, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Wall Street Journal:
Jessica Toonkel / Reuters:
Sara Fischer / Axios:
Ingrid Lunden / TechCrunch: