Techmeme
May 3, 2018, 12:40 PM

Top News

Peggy Sito / South China Morning Post:
Xiaomi files for an IPO in Hong Kong; sources say the Beijing-based company is seeking to raise $10B at a valuation of $100B  —  Xiaomi's 2017 sales jumped by two-thirds to 114.6 billion yuan, while operating profit tripled and adjusted net profit soared from a year earlier
Andrew Gebhart / CNET:
Google Assistant now works with 5,000 smart home devices, up from 1,500 in January, and adds support for Dish Hopper, Logitech Harmony remotes, and more  —  With Google's developer conference right around the corner, the search giant wants you to know that its digital assistant is quite proficient at controlling the smart home.
Thuy Ong / The Verge:
Monica Nickelsburg / GeekWire:
Amazon abruptly halts construction of new office in Seattle as it escalates fight over proposed city council tax on large companies to build affordable housing  —  Amazon is pausing construction on a new office tower at its Seattle headquarters and may put one of its biggest future office spaces …
Harry McCracken / Fast Company:
Amazon says there are now 40K Alexa Skills, up from 25K in December and 10K in February 2017, and makes in-skill purchases generally available in the US  —  [Photos: Rahul Chakraborty/Unsplash; geralt/Pixabay]  —  Just six months after Amazon revealed the AI-infused Alexa service …
New York Times:
Filing shows executives at Cambridge Analytica and SCL Group, along with the Mercer family, have moved to create a new firm, Emerdata, possibly for “rebranding”  —  The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations …
Wall Street Journal:
Wall Street Journal:
Some of the 200+ cities Amazon rejected for its HQ2 have begun to make changes based on feedback given by Amazon during rejection phone calls  —  After the retail giant told cities why they didn't become finalists for its second headquarters, some started making changes
Spencer Soper / Bloomberg:
Amazon launches Wag, its own brand of pet products, starting with dry dog food, only available to Prime subscribers  —  Amazon.com Inc. has started its own brand of pet products, called Wag, expanding on existing private-label efforts that include batteries, baby products, clothing and household goods.
More: PYMNTS.com and BetaNews
Matthew Lynley / TechCrunch:
SoundHound raises $100M from strategic investors including Tencent, Daimler, Hyundai, and others to grow its Houndify voice AI platform  —  As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform …
Nathaniel Popper / New York Times:
Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks  —  SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin.
Spotify Investor Relations:
Spotify reports first financial results after its IPO 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.

Sponsor Posts

Smartsheet:
Rise above email and spreadsheet chaos  —  Organizations that are bogged down by never-ending email, multiple chat apps, and siloed information move more slowly and get less done.  Read this report.
TWiT.tv:
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Zoho:
Manage your e-commerce inventory easier with serial and batch tracking  —  When you're selling products with serial and batch numbers in your inventory, you can now keep track of their sales by adding these numbers to your order as you ship them.
Google Cloud:
What does the future of cloud computing hold  —  and what does this mean for businesses?  We looked at the data, talked to luminaries, and listened to customers across the world.  Here's what they said.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.
Mattermost:
How is Mattermost different from Slack?  —  Learn why Mattermost is the #1 open source Slack alternative.

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