Good morning! Here is the tech news you need to know this Monday.
1. Uber tried and failed to build a FedEx rival. Now its $US69 billion (£53 billion) valuation could be jeopardised.
2. Waymo on Friday dropped some of its patent claims against Uber in its lawsuit over autonomous vehicle technology. The self-driving car startup, which is a Google spinoff, is dropping three of its four patent claims against Uber’s lidar technology.
3. The bidding war for troubled digital media startup Unilad will likely start on Friday, according to two sources familiar with the matter. One interested buyer told Business Insider that the company is likely to be valued at “north of £20 million,” adding that the figure could easily rise to between £30 million and £40 million.
4. SoundCloud is shutting down the London office that was “crucial” to its success. Around 20-25 people work there.
5. Poland is about to launch a fake Mars colony on a hilltop. The experiment is called the Poland Mars Analogue Simulation 2017.
6. Metail, a startup that allows customers try on clothes in a virtual fitting room, has raised £10 million ($US12.88 million). The funding round was led by TAL, a leading Hong Kong-based clothing manufacturer which also led the 2014 funding round.
7. Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned. Over half a billion dollars has been raised through so-called “Initial Coin Offerings” (ICOs) since the start of the year.
8. Microsoft’s chief information officer, Jim DuBois, has left the company, reports GeekWire. DuBois had been with Microsoft since 1993, and was named its CIO in 2013. In that role, DuBois oversaw Microsoft’s internal IT organisation. His departure was reported a day after Microsoft announced massive layoffs.
9. Google is purchasing all the electricity generated by the largest solar park in the Netherlands over the next decade. It will use it to power a recently opened data centre housing thousands of servers.
10. Apple called its former supplier Imagination Technologies’ statements “inaccurate and misleading”. The two have been fighting publicly since April, when Apple said it would drop Imagination Technologies’ graphics technology.