10 things in tech you need to know today
Good morning! This is the tech news you need to know this Tuesday.
- Facebook is spending more than $500 million to acquire a company that lets you control computers with your mind.
Facebook is acquiring the maker of an electronic wristband that it says will allow people to share photos on its social network, click a button on their computer's mouse, and perform other computing tasks simply by thinking about it.
- Google is bracing for a landmark ruling that could radically reshape how its search results work. On Tuesday, the European Court of Justice will decide on two cases that could impact how a concept, known as the "right to be forgotten," is applied online.
- JPMorgan's Jamie Dimon met with WeWork's Adam Neumann to hash out how to get its botched IPO back on track. Sources familiar with the matter told Business Insider that Dimon met with Neumann in New York on Sunday to discuss the company's delayed IPO.
- The CFO of Huawei, Meng Wanzhou, has returned to a Canadian courtroom for a document hearing. Defense lawyers for Meng presented videos and documents to back claims that Canadian authorities had collaborated with the FBI to engage in a "covert criminal investigation" to unlawfully detain, search and interrogate the Chinese executive, Bloomberg wrote.
- Juul is facing a federal criminal investigation, according to a Wall Street Journal report. The e-cigarette giant has come under increased scrutiny from state and federal officials after being blamed for getting teens hooked on vaping.
- The 'Warren Buffett of China' could lose $1.5 billion in Thomas Cook's bankruptcy. Since 2015, Shanghai-based conglomerate Fosun International and its chairman Guo Guangchang have built up a massive, 18% stake in Thomas Cook.
- Google launched a $5-per-month Play Pass subscription service that gives subscribers access to over 350 apps and games. Google Play Pass is available from on Monday in the US, and it'll become available to all Android users throughout the week.
- Amazon is reportedly planning to roll out fitness-tracking Alexa wireless earbuds. According to a CNBC report, Amazon is working on wireless earbuds that can track distance runs, calories burned, and pace of running.
- Google's CEO Sundar Pichai warned against 'rushing' into regulating AI, which happens to be vital to Google's future growth. CEO Sundar Pichai told the Financial Times that governments should be wary of "rushing" into broad regulation of artificial intelligence as hastily drawn-up laws could hinder "innovation and research."
- Disney's CEO Bob Iger criticised Twitter for its 'nastiness' and says its abuse problem is why an acquisition never happened. In an interview with The New York Times, Disney CEO Bob Iger explained that abuse on Twitter is why Disney walked away from an acquisition deal in 2016.
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