| 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 … | 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 … | 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 … | 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?| Kate Clark / TechCrunch: |
Free stock trading app Robinhood raises $323M Series E led by DST Global at a $7.6B valuation — Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. — The Series E financing values the Menlo Park-headquartered business at $7.6 billion … | 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 — Almost as soon as Joe Simons took his seat at a Senate hearing last November, he found himself under political siege.| 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 … | 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 … | 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.| 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| 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 … | Paul Sawers / VentureBeat: |
Etsy to acquire Reverb, a marketplace for new and used musical instruments, in a cash deal worth ~$275M; Reverb raised nearly $50M from Max Levchin and others — Etsy has announced plans to acquire Reverb, a marketplace for new and used musical instruments, in a cash deal worth approximately $275 million.| Katie Roof / Wall Street Journal: |
Thumbtack announces it raised $150M in funding led by existing investor Sequoia Capital, valuing the company at $1.7B — Sequoia Capital led a $150 million investment, which values the local services marketplace at $1.7 billion — Thumbtack Inc.'s latest funding round values the business at $1.7 billion … | Catalin Cimpanu / ZDNet: |
| Derek Thompson / The Atlantic: |
As matchmaking sites surpass friends and family for finding partners, the burden of finding a partner now rests solely on the individual and can be lonesome — My maternal grandparents met through mutual friends at a summer pool party in the suburbs of Detroit shortly after World War II.| Tom Simonite / Wired: |
US government tests find even top-performing facial recognition systems misidentify black people at rates 5-10 times higher than they do white people — FRENCH COMPANY IDEMIA'S algorithms scan faces by the million. The company's facial recognition software serves police in the US, Australia, and France.| Ingrid Lunden / TechCrunch: |
Tel Aviv-based UVeye, which is building drive-through scanners that use AI for external inspection of vehicles, raises $31M — The race is on for the car of the future, equipped with self-driving capabilities, on-board personalised information and entertainment, and an ever-smaller carbon footprint.| Megha Mandavia / The Economic Times: |
ByteDance to set up a data center in India to store Indian user data locally, says its social app Helo has 50M MAUs and TikTok has 120M MAUs in the country — Several Parliamentarians, including Congress' Shashi Tharoor, BJD's Pinaki Misra and TDP's Jayadev Galla, have accused short-video app TikTok …
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