Bill Gates is leading a group of tech titans in support of major research and investment initiatives to take on climate change. In one effort, “28 of the world’s wealthiest investors will … provide early-stage capital for technologies that offer promise in bringing affordable clean energy to billions of people,” The Washington Post reports. Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos are on board.
Jet.com has raised $350 million in new funding led by Fidelity. “The company has also received verbal commitments for another $150 million, which would bring the round’s total size to $500 million,” Fortune reports. “Jet has previously raised $220 million in equity and debt (including the previously mentioned $130 million).”
Rather than sell its stake in Alibaba Group Holdings, activist investor Starboard Value wants Yahoo to drop plans to sell its core search and display advertising businesses. “Starboard, calling itself a ‘significant shareholder’ in Yahoo, said it made the letter public as efforts to talk with the company privately over the past year had not yielded positive results,” Reuters reports.
Amid a series of layoffs and other changes throughout Gawker Media, the company is bringing in Josh Albertson, co-founder of Vox Media-owned Curbed, as its new chief operating officer. “He replaces Scott Kidder, who was part of Gawker for the last decade,” Re/coded reports. “On Tuesday, the company laid off seven full-time writers across multiple sites, and said that Gawker.com would be pivoting to focus on politics.”
The full text of the Trans Pacific-Partnership (TPP) international trade agreement has been released, and, as expected, privacy advocates are not happy. “Measures agreed to … threaten Internet users’ privacy and consumer rights,” TechCrunch reports, citing several civil and digital rights organizations.
E-commerce startup Jet.com has reportedly raised $500 million in funding led by Fidelity. “The round is not yet closed and will likely include additional capital from existing investors. It values the company at $1 billion ‘pre-money,’ or excluding the funding,” Fortune reports.
Blaming bad actors, Microsoft will no longer offer unlimited OneDrive storage plans. “Since we started to roll out unlimited cloud storage … a small number of users backed up numerous PCs and stored entire movie collections and DVR recordings,” the software giant explains in a blog post.
Slate looks into the emerging field of artificially intelligent learning software, which some expect to one day replace textbooks and other learning materials. One of the more popular programs is ALEKS. “From the moment students begin to answer … practice questions that it automatically generates for them, ALEKS’ machine-learning algorithms are analyzing their responses to figure out which concepts they understand,” Slate writes.
The TV ads Twitter aired during the World Series are getting poor reviews. “The ad … is just like Twitter: Full of images, clips and text that may be hard for non-Twitter users to parse,” according to Re/code’s Kurt Wagner. “It screams ‘We have cool content,’ but then throws that content in a blender before tossing it against the wall.”