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August 27, 2018, 7:40 AM
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| Madhav Chanchani / The Economic Times: |
Sources: Warren Buffet's Berkshire Hathaway has agreed to acquire a 3%-4% stake in Paytm's parent company One97 Communications, valuing Paytm at over $10B — Softbank and Alibaba-backed Paytm may get valued at $10 billion after this funding from Berkshire Hathaway
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Bloomberg, Livemint, CNBC, PYMNTS.com, Trak.in, Fortune, Tech in Asia, and Reuters
| Facebook: |
Facebook removes 18 Facebook accounts, one Instagram account, and 52 Facebook Pages, including Burmese military officials, in response to Myanmar violence — The ethnic violence in Myanmar has been truly horrific. Earlier this month, we shared an update on the steps we're taking to prevent …
More:
Reuters, CNNMoney, TechCrunch, The Verge, and Japan Times
Tweets: @reuters, @pakhead, @jerometaylor, @tiranahassan, @tostevinm, @shafiur, and @shibanimahtani
| Jon Russell / TechCrunch: |
Didi suspends its Hitch carpooling service in China after a driver allegedly raped and killed a carpooling passenger, the second such incident in 2018 — Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber's China business, has suspended its carpooling service …
More:
TechCrunch, The Verge, Reuters, Engadget, New York Times, SiliconANGLE, South China Morning Post, Bloomberg, TechNode, China Money Network, CNET, Reuters, Gizmodo, BBC, Tech in Asia, and Reuters
Tweets: @nytimes, @elizabeth_joh, and @cgtnofficial
| CNN: |
Multiple fatalities reported in a mass shooting during a Madden NFL gaming tournament in Jacksonville, Florida; shooter had won previous Madden NFL tournaments — (CNN)The sheriff's office in Jacksonville, Florida, said there was a mass shooting at a downtown marketplace on Sunday and urged people to stay far away from the area.| Bloomberg: |
Sources: new 5.8" and 6.5" OLED iPhones, due in September, to get speed and camera improvements; 6.1-inch LCD version to have aluminum sides — - Two high-end OLED models focus on speed and camera upgrades — New iPad Pros, Apple Watches with larger screens also coming| Palmer Luckey / The Blog of Palmer Luckey: |
Oculus cofounder reviews Magic Leap: less of a functional developer kit, more of a flashy hype vehicle that almost nobody can actually use in a meaningful way — The title of this review was carefully chosen, not glibly. I want what is best for VR and all other technologies on the Reality-Virtuality Continuum, Magic Leap included.| Tim Swanson / Great Wall of Numbers: |
New estimate suggests blockchain networks of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Monero combined consume about as much electricity as The Netherlands — I recently created a thread that on Twitter regarding the lower-bound estimates for how much electricity the Bitcoin blockchain consumed using publicly available numbers.| Samson Mow / THE LION'S DEN: |
At its core Bitmain is a chip company developing chips optimized for cryptocurrency mining, and it has failed to successfully deploy a next gen chip since 2016 — This is the third time that this article has been published. 2048 Capital is an offshore cryptocurrency investment fund.| Cade Metz / New York Times: |
Source: the Defense Department wants to put a total of $1.7B toward the new Joint Artificial Intelligence Center over the next five years — MOUNTAIN VIEW, Calif. — In a May memo to President Trump, Defense Secretary Jim Mattis implored him to create a national strategy for artificial intelligence.
Tweets: @benioff and @stevekopack
| Jason D. Rowley / Crunchbase News: |
A look at stealthy self-driving startup Ghost Locomotion, which has raised $15M and offers a dashcam Android app, likely to gather data to train its ML models — The SF Bay Area is home to a lot of self-driving car initiatives. — Some startups, like Zoox, are trying “to make the whole widget” … | Isobel Koshiw / The Verge: |
Sources detail a Ukraine-based hacking scheme that stole press releases from three US newswires over at least five years and made $100M+ via insider trading — At a Kiev nightclub in the spring of 2012, 24-year-old Ivan Turchynov made a fateful drunken boast to some fellow hackers.
Tweets: @markborkowski and @vboykis
| Patricia Hernandez / The Verge: |
The YouTube stream for the Logan Paul vs. KSI fight had ~773K viewers, at $10/view, but 1M+ people watched unofficial streams of the fight on Twitch at its peak — Most people didn't pay for the biggest event on YouTube — After months of hype, YouTube superstars Logan Paul …
More:
Telegraph, BuzzFeed News, TechCrunch, The Guardian, and Tubefilter
Tweets: @slasher and @esportslaw
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