Techmeme
June 1, 2018, 4:45 PM

Top News

Kate Conger / Gizmodo:
Sources: Google Cloud CEO Diane Greene told employees that company will not renew its Project Maven AI contract with DoD; the current contract expires in 2019  —  Google will not seek another contract for its controversial work providing artificial intelligence to the U.S. Department of Defense …
Barbara Ortutay / Associated Press:
Facebook to shut down Trending and is testing new features like a breaking news label for publishers, a Today In section, and a News Video in Watch section  —  Facebook is shutting down its sometimes-problematic “trending” news section after four years.  —  This image provided by Facebook shows …
Dan Rys / Billboard:
Spotify updates its hateful content and conduct policy, says it will no longer use the provision that led to removal of R. Kelly and XXXTentacion from playlists  —  Three weeks after Spotify announced a new policy regarding hate content and hateful conduct on its service …
Wall Street Journal:
Sources: Apple is working on a new ad network for app promotion, in talks with Snap, Pinterest, others to distribute its search ads for apps  —  Increasing ad sales could help offset slowing iPhone growth, but effort would face stiff competition from Google and Facebook
The Information:
Sources: Lyft has agreed to acquire Motivate, a startup behind services like Ford GoBike in SF and Citi Bike in NY, likely for $250M or more  —  Lyft has agreed to buy Motivate, which runs some of the biggest U.S. bike-share programs, according to two people briefed about the deal.
Wolfie Zhao / CoinDesk:
Binance announces $1B fund of funds which will also invest directly in blockchain firms, with ride-hailing initiative backed by Didi cofounder as first project  —  Binance, one of the world's largest cryptocurrency exchanges, has announced it is launching a $1 billion “Social Impact Fund” …
Mark Gurman / Bloomberg:
Sources: Samsung will announce Galaxy Note 9 on August 9 at an “Unpacked” event in New York  —  - Device upgrades to focus on camera system, faster processor  — Apple also plans larger iPhone model for later in the year  —  Samsung Electronics Co. plans to highlight …
Patrick Collinson / The Guardian:
Visa says it is experiencing a service disruption preventing some Visa transactions in Europe from being processed  —  Card giant confirms it is suffering an outage and is investigating the cause  —  Visa's payment network has crashed across the UK and Europe, sparking chaos as transactions are failing or being denied.
Ian King / Bloomberg:
Memory chip maker Micron confirms that it is being investigated by Chinese regulators; Samsung and SK Hynix are also reportedly under investigation  —  - Chinese media reports rivals Samsung and SK Hynix also visited  — U.S.-China trade dispute envelops companies on both sides

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