Techmeme
July 22, 2019, 11:40 PM

Top News

Wall Street Journal:
Sources: Apple is in advanced talks to buy Intel's smartphone modem chip business in a deal valued at $1B+ covering staff and a portfolio of patents  —  Apple Inc. AAPL 2.29% is in advanced talks to buy Intel Corp. INTC 2.15% 's smartphone-modem chip business, according to people familiar with the matter …
Russell Brandom / The Verge:
Flaw in Facebook's Messenger Kids let kids invite a parent-approved user into a group chat even if that user wasn't authorized to chat with others in the group  —  ‘We recently notified some parents... about a technical error,’ a Facebook representative said
Kyle Wiggers / VentureBeat:
Microsoft says it will invest $1B in OpenAI, beginning a partnership to jointly develop new AI technologies for the Azure cloud platform  —  Microsoft today announced that it would invest $1 billion in OpenAI, the San Francisco-based AI research firm cofounded by CTO Greg Brockman …
Stacy Cowley / New York Times:
Equifax will pay at least $650M and potentially significantly more to end an array of state, federal, and consumer claims over the 2017 data breach  —  The credit bureau Equifax will pay at least $650 million and potentially significantly more to end an array of state, federal and consumer claims …
Jason D. Rowley / Crunchbase News:
Commission-free trading app Robinhood raises $323M Series E led by DST Global at a $7.6B post-money valuation, has raised a total of $862M to date  —  Unless you were some hotshot finance person in the 1980s, you probably only recently started using your mobile phone to place trades.
Mark Gurman / Bloomberg:
Profile of Jeff Williams, Tim Cook's heir apparent as CEO, who is broadly regarded as a strong choice for the top job within Apple  —  Jeff Williams co-created the Apple Watch and runs the company's global operations.  Can he also handle design—and everything else?
Megan Rose Dickey / TechCrunch:
Uber is testing a $24.99/month subscription pass that includes a fixed discount on rides, free Uber Eats delivery, and free rides on JUMP bikes and scooters  —  Uber is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters.
Tony Romm / Washington Post:
Inside FTC's 16-month Facebook probe that ended in a $5B fine; sources: FTC initially considered imposing more direct liability for Zuckerberg and a bigger fine  —  Facebook's $5 billion fine from the FTC illustrates the challenges facing a 105-year-old Federal agency tasked with watching …
Washington Post:
Leaked documents show Huawei secretly helped North Korea build its wireless 3G network, raising the question of whether it violated US export controls  —  Huawei Technologies Co., the Chinese tech giant embroiled in President Trump's trade war with China and blacklisted as a national security threat …
Tom Warren / The Verge:
Slack updates its desktop app for Windows and macOS, which is still built on Electron, claims it now launches 33% faster and uses 50% less RAM than before  —  Slack's desktop app has been rebuilt for Windows and macOS  —  Slack is unveiling a new version of its desktop app for Windows …
Arielle Pardes / Wired:
Jeremy Horwitz / VentureBeat:
Apple debuts watchOS 5.3, fixing Walkie-Talkie vulnerability, and iOS 12.4 with improvements to Apple News+ and a way to wirelessly migrate data to a new iPhone  —  A little over two months ago, Apple released the first beta versions of iOS 12.4 and watchOS 5.3 — late point releases for its 2018 iPhone …
Natalie Gagliordi / ZDNet:
Square launches a Photo Studio service for all online merchants, not just Square customers, that lets them send in a product to be photographed for $9.95  —  For $9.95, any online merchant — not just those that use Square's suite of products — can send in a product and have it robotically photographed.
Jay Greene / Washington Post:
Microsoft settles with the SEC and the DOJ for $26M over potential bribery and corruption related to software sales in Hungary  —  The deal with the U.S. Justice Department and the SEC resolves claims the software giant violated the Foreign Corrupt Practices Act
Megan Rose Dickey / TechCrunch:
Sources: Bird is raising a Series D round led by Sequoia Capital at a $2.5B valuation; Sequoia led Bird's $300M Series C in June 2018  —  Bird is raising a Series D round led by Sequoia Capital at a $2.5 billion valuation, TechCrunch has learned.  Sources, however, did not indicate the size of the round.
More: New York TimesTweets: @yoda and @yoda
Timothy B. Lee / Ars Technica:
David Marcus' congressional testimony shows the Libra Association may take a much more hands-on approach towards regulatory compliance than initially envisioned  —  Under pressure from regulators, Facebook is rethinking Libra's design.  —  David Marcus, the head of Facebook's new Calibra payments division …
Reuters:
Frenzied trading debut of STAR Market, China's Nasdaq-style board, added $44B in market cap across 25 companies, 16 of which more than doubled their IPO prices  —  SHANGHAI (Reuters) - Trading on China's new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday …
Amelia Lucas / CNBC:
Starbucks invests in restaurant tech company Brightloom, which just raised $30M, as Starbucks now lets franchisees license its mobile and loyalty program tech  —  KEY POINTS  —  Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees …

Sponsor Posts

Smartsheet:
Smartsheet makes Deloitte Fast 500 List  —  For the fifth year in a row, Smartsheet ranks on the list of the fastest-growing companies in North America.
Zoho:
How Zoho CRM became the world's favorite CRM software  —  Look up the top ten or top five or the best CRMs in the market.  You'll likely find plenty of articles that recycle many of the same prominent names.
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 why gamers should go with a processor that has high IPC and can hit the highest frequencies  —  Adding core count for core count's sake does not create a better gaming experience
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How is Mattermost different from Slack?  —  Learn why Mattermost is the #1 open source Slack alternative.

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Derek Thompson / The Atlantic:
Catalin Cimpanu / ZDNet: