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December 10, 2018, 9:00 AM
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memeorandum
WeSmirchTop News
| New York Times: |
How smartphone apps are sharing precise location data with 75+ companies, including advertisers, retailers, and hedge funds, up to 14K times a day — Dozens of companies use smartphone locations to help advertisers and even hedge funds. They say it's anonymous, but the data shows how personal it is.
More:
9to5Mac, Tom's Guide, and Fortune
Tweets: @orinkerr, @choire, @repkloba, @alexhern, @josephfcox, @satariano, @satariano, @jenvalentino, and @jenvalentino
| Wall Street Journal: |
Sources: Bird plans to raise at its current $2B valuation and Lime at $2B-3B, below their initial asks, amid tougher-than-expected business conditions — Shared electric-scooter companies Bird and Lime temper their valuation goals as they deal with vandalism and other growing pains
More:
PYMNTS.com and The Information
Tweets: @rolfewinkler, @jacknicas, @christenobrien, @shiraovide, @bgurley, @katie_roof, @bryfitz, @chr1sa, @wsj, @gregbensinger, and @maureenmfarrell
| Kara Swisher / New York Times: |
Huawei CFO's arrest at behest of US prompts fears of retaliatory arrests, amid a series of other worrisome US responses to strategic tech challenges from China — Tech executives worry China will turn to tit-for-tat arrests of Americans in response to the detention of Meng Wanzhou.
More:
Toronto Star, Bloomberg, Gizmodo, Associated Press, ZDNet, Reuters, and Bloomberg
Tweets: @annafifield, @timobrien, @ajenews, @dalzell60, @cbcnews, @emilyrauhala, @nbcnightlynews, @kenroth, @business, @joannachiu, @daveleebbc, and @dee_bosa
| Mugdha Variyar / The Economic Times: |
Google acquires popular Indian train tracking app “Where is my Train”, which works offline and without GPS, sources say for $30M-$40M — Google has acquired Sigmoid Labs, which runs the platform ‘Where is My Train.’ — ET had reported the development in August.
More:
TechCrunch, Where is my Train, VentureBeat, Hindustan Times, Tech in Asia, and Trak.in. Tweets: @refsrc
| NEWS.com.au: |
Australian watchdog ACCC posts regulation recommendations regarding digital platforms, like Google: monitor handling of ads and news, ban default browsers, more — The hammer is coming down on Google and Facebook as Australia's top consumer watchdog warns they are becoming too powerful.| Sergey Golovanov / Securelist: |
Kaspersky: networks of 8 Eastern European banks were hacked by people entering the premises and planting physical hardware like Raspberry Pi and USB devices — While novice attackers, imitating the protagonists of the U.S. drama Mr. Robot, leave USB flash drives lying around parking lots … | Connie Chan / Andreessen Horowitz: |
How Chinese entertainment apps for books, podcasts, video, and music diversify their revenue beyond ads and subscriptions via tips, micropayments, coupons, more — Stop and think for a moment about how many ads you saw in the last 24 hours, on Instagram or Facebook or anywhere else.
Tweets: @triketora, @tundro, and @lexiro
| Karen Hao / MIT Technology Review: |
As Google rolls out Duplex, Alibaba demos a similar conversational AI that, it says, is already handling millions of customer package delivery queries per day — In May, Google made quite the splash when it unveiled Duplex, its eerily humanlike voice assistant capable of making restaurant reservations and salon appointments.| Reuters: |
Sources: Chinese AI company Megvii, whose Face++ facial recognition tech is popular among developers worldwide, is in talks to raise $500M at a $3.5B valuation — HONG KONG (Reuters) - Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million …
| Skift: |
Berlin-based vacation rental price-comparison startup HomeToGo, which has raised $150M to date, acquires assets of failed vacation rental search engine Tripping — The acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors.
More:
PR Newswire, HousingWire, PE Hub Blog, PhocusWire, and VatorNews
| Ron Miller / TechCrunch: |
FortressIQ, which applies a new AI technique called imitation learning to process automation, raises $12M Series A led by Lightspeed Venture Partners — FortressIQ, a startup that wants to bring a new kind of artificial intelligence to process automation called imitation learning …
More:
GlobeNewswire News Room, VentureBeat, and PE Hub Blog
| Reuters: |
Enterprise software provider Tibco acquires French data management company Orchestra Networks, sources say valuing it in the low hundreds of millions of dollars — (Reuters) - TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks …
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