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Techmeme Latest Headlines

Updated: 8 hours ago

A look at TopBuzz, the English version of ByteDance's Chinese AI-powered news aggregator Toutiao, that rose from 1.8M MAUs in Nov. 2017 to 23M MAUs by Oct. 2018 (What's New in Publishing)

The dearth of TikTok videos on Hong Kong protests offers a glimpse of how China could shape the perception of real-world events by US and global audiences (Washington Post)

As AT&T's CEO plans to retire, AT&T's TV business keeps declining, the Time Warner integration looks shaky, and now an activist shareholder pushes for changes (Wall Street Journal)

Despite what media and politicians say, there is no tangible tech backlash from consumers, who shrug off warnings of a dystopian future and embrace new tech (Rob Walker/New York Times)

Volkswagen is unifying its fragmented IT efforts under a new Car.Software unit, which will develop "vw.os", with first cars with new software shipping next year (Christoph Rauwald/Bloomberg)

An overview of Qualcomm's various R&D projects aimed at making 5G technology ubiquitous over the next few years (Jeremy Horwitz/VentureBeat)

Sources: Libra representatives to meet officials from 26 central banks, including the Federal Reserve and the Bank of England, in Basel, Switzerland on Monday (Financial Times)

Interview with Cloudflare co-founder Michelle Zatlyn on its IPO, its dual-class stock structure giving employees 10x the voting rights over public shares, more (Connie Loizos/TechCrunch)

China Unicom and China Telecom, the two smaller mobile carriers among China's big three operators, are teaming up to build 5G networks across 15 Chinese cities (Cyrus Lee/ZDNet)

Winklevoss' crypto exchange Gemini launches Gemini Custody, a custody service targeting financial institutions, with support for 18 cryptocurrencies (Nikhilesh De/CoinDesk)

Ransomware hackers are targeting managed service providers, causing chaos for the city governments, medical clinics, and smaller businesses who use them for IT (Renee Dudley/ProPublica)

Sourced Group, which helps enterprises in regulated industries migrate their IT infrastructure to the cloud, raises CAD$20M (FinSMEs)

DHL expands its DHL Africa eShop to 13 additional markets, upping the presence of the global shipping company's e-commerce platform to 34 African countries (Jake Bright/TechCrunch)

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CIMCON Lighting, whose smart city platform simplifies the deployment of sensors, cameras, and other devices, such as Wi-Fi access points, raises $33M Series C (Srividya Kalyanaraman/AmericanInno)

ComplianceQuest, which develops cloud-based quality management software for life sciences and manufacturing sectors, raises $36M Series A (Margie Manning/St Pete Catalyst)

Caper, which is developing smart grocery carts that use AI and various sensors to let shoppers quickly scan items and checkout, raises $10M Series A (Lucas Matney/TechCrunch)

Researchers: execution errors prevented the Crash Override malware, which took down the Ukrainian power grid for an hour in 2016, from causing lasting damage (Andy Greenberg/Wired)

Analysis: ~51% of capital invested into US VC-funded companies exiting over the last decade lost money, while less than 4% generated a 10x or greater return (David Coats/VC by the Numbers)

Launched 20 years ago, Wi-Fi nearly lost out to the rival HomeRF standard, which was being promoted by the group of Compaq, HP, IBM, Intel, and Microsoft (Jeff Abramowitz/Wired)

Research: tech start-ups spent $44B on advertising and cloud computing from Facebook, Google, and Amazon in 2018, making up ~10% of the revenue of tech giants (Miles Kruppa/Financial Times)

Interview with Bjrk about her album Vulnicura VR, which is arguably the world's first full "VR pop album", now available on Windows PC via Steam (Sam Machkovech/Ars Technica)

Microsoft will reportedly launch a 15-inch version of the Surface Laptop 3 during its October 2 event (Tom Warren/The Verge)

A profile of Urban Dictionary, which started as a fun way to find meanings for slang but has done little to moderate submissions, letting hate speech flourish (Jason Parham/Wired)

A look at Ultra Wideband-based U1 chip in iPhone 11 models, which is being used for AirDrop and could have many other potential applications like tracking tags (Jason Snell/Six Colors)

After selling AppNexus to AT&T for $1.6B, Brian O'Kelley raises $10M for his new startup, CMDTY, to apply his adtech expertise to supply chain logistics (Allison Schiff/AdExchanger)

Spotify acquires SoundBetter, a music production marketplace for artists, producers, and musicians to connect on specific projects, for an undisclosed sum (TechCrunch)

Audible will limit its Captions program, which shows text alongside narration, to public domain works until the copyright lawsuit filed by seven publishers ends (Andrew Albanese/Publishers Weekly)

SEC filing: Walt Disney Company CEO Bob Iger has resigned from Apple's board (Brooks Barnes/New York Times)

Sources: Disney is mimicking Netflix in offering TV producers and others profits sooner in exchange for backend revenue, the first legacy media company to do so (Los Angeles Times)

Patreon says it is selling the assets of Kit, the social-shopping platform that it acquired in June 2018, to localized affiliate link service Geniuslink (Eric Peckham/TechCrunch)

MoviePass says it is shutting down and ending service for all subscribers on Saturday, September 14 (Annie Palmer/CNBC)

Applied Intuition, which provides software simulators for developing, testing, and deploying autonomous vehicles, raises $40M Series B (Kyle Wiggers/VentureBeat)

Sources: Square is testing a new Cash App feature that would let users make free stock trades (Julie Verhage/Bloomberg)

US Treasury sanctions three North Korean state-sponsored hacking groups, Lazarus, Bluenoroff, and Andarial; Lazarus was responsible for WannaCry ransomware (Catalin Cimpanu/ZDNet)

House Judiciary Committee's letter to Apple asks for all internal communications from 14 top execs relating to "restrictions on third-party repairs" (Jason Koebler/VICE)

Discord says it's phasing out the digital game store it launched less than a year ago as part of its $9.99 per month Nitro subscription service, by October 15 (Chris Welch/The Verge)

YouTube says it will no longer allow paid views and advertising to influence its YouTube Music Charts, instead calculating rankings based only on organic plays (Sarah Perez/TechCrunch)

Cloudflare opens up more than 27% on its first day of trading after raising $525M in its IPO, which valued the company at over $4B (Annie Palmer/CNBC)

WeWork announces sweeping corporate governance changes in amended S-1; Sources: WeWork is now seeking a valuation as low as $10B to $12B in its IPO (Annie Palmer/CNBC)

Apple says developers now have the option to offer a grace period for auto-renewable subscriptions when they lapse due to factors like expired credit cards (Sarah Perez/TechCrunch)

Zhuanzhuan, a China-based marketplace for trading used goods, raises $300M Series B from its parent company 58.com and Tencent Holdings (Mary Ann Azevedo/Crunchbase News)

iOS 13 exploit bypasses the lockscreen to get access to contacts, appears to be fixed in beta copies of iOS 13.1, which is slated for release on September 30 (Tom Warren/The Verge)

Element AI, which helps companies improve their operations using AI, raises $151.4M Series B, reportedly at a $625M valuation (Sean Silcoff/Globe and Mail)

Bipartisan House lawmakers ask Google, Amazon, Facebook, and Apple for detailed information about internal operations and execs' emails in antitrust probe (Tony Romm/Washington Post)

Sources: Daqri, which built enterprise-grade AR headsets and reportedly raised $275M in funding, has closed its HQ, laid off many employees, ahead of a shutdown (Lucas Matney/TechCrunch)

Bangalore-based OkCredit, which allows small business owners to record financial transactions digitally, raises $67M Series B led by Lightspeed and Tiger Global (Aditi Shrivastava/The Economic Times)

How incidents like banning an "Always Punch Nazis" comic at Kickstarter led to a unionization push by employees who believe in the altruistic image of the brand (April Glaser/Slate)

Sidewalk Labs spinout Replica raises $11M Series A for its modeling tool that uses mobile location data to show public agencies how, when, and why people travel (Kirsten Korosec/TechCrunch)

Mozilla launches Premium Support for Firefox enterprise customers starting at $10 per supported installation, includes benefits like critical bug fixes with SLA (Martin Brinkmann/gHacks Technology News)

Dapper Labs, developer of CryptoKitties, raises $11.2M from a16z, Warner Music Group, and others for its proof-of-stake, high transaction volume blockchain Flow (Michael del Castillo/Forbes)

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