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January 16, 2020, 6:10 AM
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Top News

Alan Boyle / GeekWire:
Sources: Apple has acquired Seattle-based Xnor.ai, which develops low-power, edge-based AI image recognition tools, for around $200M  —  Apple has acquired Xnor.ai, a Seattle startup specializing in low-power, edge-based artificial intelligence tools, sources with knowledge of the deal told GeekWire.
Frederic Lardinois / TechCrunch:
Internal memo: Mozilla lays off ~70 after its 2019 plans to boost revenue streams outside of search, like new subscription products, did not pan out  —  Mozilla laid off about 70 employees today, TechCrunch has learned.  —  In an internal memo, Mozilla chairwoman and interim CEO Mitchell …
Emil Protalinski / VentureBeat:
Microsoft begins rolling out its Chromium-based Edge browser, available now for Windows and macOS  —  Right on schedule, Microsoft today launched its new Edge browser based on Google's Chromium open source project.  You can download Chromium Edge now for Windows 7, Windows 8, Windows 10 …
James Vincent / The Verge:
In a Q&A, Jack Dorsey discusses Twitter's thinking around an edit button and says “we'll probably never do it”  —  You've got to live with your mistakes, which includes joining Twitter  —  Twitter users have been asking for the option to edit tweets ever since the service launched in 2006 …
Kif Leswing / CNBC:
In a tweet, Trump criticizes Apple for refusing to unlock phones of violent criminals and says his administration helps Apple “all of the time” on trade  —  - In a tweet, president Donald Trump addressed the conflict between the FBI and Apple over locked iPhones used by the suspected Pensacola shooter.
New York Times:
Sources: Apple is preparing for a legal fight with the DOJ, similar to San Bernardino, which was not legally resolved before FBI dropped the case
Bloomberg:
US and China sign a “phase one” trade deal that seeks to limit theft of American tech and trade secrets by Chinese companies, such as through joint ventures
Yuan Yang / Financial Times:
A look at how US pressure, driven by national security and trade concerns, has led to China seeking increased technological self-sufficiency
Kashmir Hill / New York Times:
As companies comply with privacy laws like GDPR and CCPA, many have insecure practices for giving users their data and some outsource user identity verification  —  A new California privacy law gives consumers the right to see and delete their data.  But getting access often requires giving up more personal details.
Kim Hart / Axios:
PitchBook: West Coast's share of total US VC deal value dropped to 50.2% in 2019 vs. 62.3% in 2018; 78% of funding went to CA, NY, and MA, up from 75% in 2018  —  Venture capital investment is seeping out from Silicon Valley to the rest of the country, but the West Coast still dominates the market by a wide margin.
Alexis C. Madrigal / The Atlantic:
As tech becomes the dominant force in the modern economy, Silicon Valley's culture since 1970s of nimble startups successfully challenging incumbents is fading  —  For decades, whole regions, nations even, have tried to model themselves on a particular ideal of innovation, the lifeblood of the modern economy.
Sarah Perez / TechCrunch:
App Annie: consumers downloaded 204B apps in 2019, up 6% YoY, and spent $120B on apps, subscriptions, and in-app features globally  —  Consumers downloaded a record 204 billion apps in 2019, up 6% from 2018 and up 45% since 2016, and spent $120 billion on apps, subscriptions and other in-app spending in the past year.

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From Mediagazer

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe, a music distributor in 50+ countries, and its subsidiary TuneCore for $500M+, accusing Believe of copyright infringement

CNN:
Reporters from news orgs were denied credentials to Trump's election night watch event; source: Politico's credentials were revoked following critical coverage

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

More News

Tom Schmidt / Dragonfly Research:
A look at the role of liquidators in the decentralized finance ecosystem, who make money by liquidating under-collateralized loans on crypto lending platforms
Alex Konrad / Forbes:
Productboard, a platform for product managers, raises $45M Series B led by Sequoia and Bessemer Venture Partners, source says at a $350M post-money valuation

Earlier Picks

Manish Singh / TechCrunch:
Amid an antitrust probe and protests by small merchants, Jeff Bezos travels to India to announce a further $1B investment into Amazon's operations over 5 years
Abner Li / 9to5Google:
Google Smart Lock on iOS now leverages Secure Enclave to enable the iPhone's use as a physical 2FA key to sign in to Google apps via Chrome on nearby devices
Kyle Wiggers / VentureBeat:
Google acquires no-code app development platform AppSheet, which had raised ~$19M to date, with plans to migrate AppSheet services to Google Cloud
Ashley Carman / The Verge:
Instagram says it is testing letting some users access DMs from its website
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