Here’s the top tech news for Thursday:
1. Bevan Slattery’s Superloop just raised $20 million, and wants another $15 million from existing shareholders. The fibre network company is hungry for funds, but its share price plunged 7% this morning on the back of the capital raising announcements. RBC analyst Paul Mason certainly wasn’t impressed, citing the company earmarking the new funds for general purposes rather than any sexy new projects. Read more here.
2. The NBN is using machine learning to calm customer complaints. The network builder has launched its Tech Lab facility, which will use big data to work out the pain points on fault repairs for customers. The move is in addition to the in-home wiring initiative revealed earlier this week, which is consistent with CEO Bill Morrow’s promise last month that the NBN would start doing more to improve the end user experience. Read more.
3. Telstra and McDonald’s Australia has signed a $90 million network renovation deal. The Australian reports the telco will upgrade the fibre network for 850 restaurants, which will benefit both business operations and customers wanting to use the dine-in wi-fi.
4. The iPhone 8’s great, but you should wait for the X in November. That’s the conclusion of my colleagues at Business Insider USA, who had a play with the 8 and have said people who purchase it will be perfectly happy. But the X is better and worth the wait. Meanwhile, the new Apple Watch (series 3) is attracting some bad reviews.
5. Google is buying phone manufacturer HTC for $US1.1 billion. The Taiwanese company once dominated the smartphone market but is now dwarfed by Samsung, Apple and Huawei in market share. But Google is keen to develop its hardware chops. Read more.