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Good morning! Here's the tech news you need to know this Thursday. 1. Google Fiber, the high-speed internet-access business owned by Alphabet, has bought Webpass for an undisclosed sum. The deal will help Google expand its service into dense, urban areas like apartment buildings with multiple units. 2. Twilio, one of the few tech companies testing the IPO waters in 2016, just priced its offering at $15 a share, which is above its previously targeted range. The company, which provides phone and text-message services to app developers, is now valued at $1.23 billion, beating the company's last private valuation of around $1 billion. 3. Palantir, the secretive $20 billion data-mining startup cofounded by Peter Thiel, is buying $225 million of stock back from employees. The catch is that employees and "certain" ex-employees are eligible for the buyback offer only if they agree to a variety of conditions, including no talking to the media. 4. Investors backed more artificial intelligence (AI) companies in the first quarter of 2016 (Q1'16) than in any other quarter, according to research from venture capital analysis firm CB Insights. The research supports the theory that AI is the next major revolution in computing. 5. Uber drivers make even less than we thought. In late 2015, Uber drivers earned $8.77 per hour after expenses in the Detroit market. 6. Peter Thiel's Valar Ventures has invested $11 million in London startup Lystable. The startup provides software for companies to help them manage their contract and freelance workers. 7. Bitcoin-based payment app Circle has raised $60 million as payments over its app hit $1 billion a year. The company counts Goldman Sachs among its investors. 8. Amazon is facing more Federal Aviation Administration fines in relation to hazardous materials shipments. It could have to pay $130,000. 9. A startup called Eleven James has raised $8 million to be the Netflix of luxury watches. The company rents out Rolex, TAGs, and Breitling watches, among others. 10. Pinterest has a new office in San Francisco, California. The company, whose platform allows people to create their own picture boards, has moved into a building in the city's trendy SoMa district. |
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