Good morning! Here’s the tech news you need to know to start your week.
1. Uber is reportedly merging its Chinese business with its biggest rival in the country. Bloomberg reports that Uber China is merging with Didi Chuxing to create a $35 billion (£26 billion) entity.
2. Tech deals have hit a speed bump this year, but that’s about to change. Mergers and acquisitions in the sector are down 3% from a year earlier.
3. The founder of bust unicorn Powa is back with a new venture — and it looks remarkably similar. Dan Wagner is helping establish Rezolve, a “mobile image and audio recognition technology.”
4. Kanye West has a message for Apple CEO Tim Cook: “Give Jay his check for Tidal now.” The rapper’s tweets give more credence to the rumour that Apple is interested in buying Jay Z-owned streaming service Tidal.
5. Tesla has to overcome a major problem for its new Gigafactory to succeed. The $5 billion (£3.8 billion) facility should help Tesla reach its goal of building 500,000 vehicles a year.
6. Tech investors are tapping into a £2.5 billion fund ($3.3 billion) created by Britain’s 5 biggest banks. British Growth Fund (BGF) is backed by Barclays, Lloyds, Standard Chartered, RBS, and HSBC.
7. Computer systems used by Hillary Clinton’s presidential campaign have been hacked, The New York Times reports. Russia is allegedly behind a series of attacks on Democrat systems.
8. Uber is spending $500 million (£377 million) on its own mapping systems, according to The Financial Times. The ride-hailing startup is currently reliant on Google Maps.
9. The human “punching bag” who created one of the internet’s most controversial websites is leading an unlikely second act at Google. Chris Poole, founder of 4chan, now works for Google on its entrepreneurship program.
10. Niantic, the development studio behind Pokémon Go, appears to be shutting down third-party websites. Polygon reports that pokémon-tracking site Pokévision no longer works after an update.
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