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Welcome to Business Insider's summary of the top tech stories of the past 24 hours. Sign up to receive the email here. Good morning! Here's the tech news you need to know this Friday. 1. Ron Conway, one of the tech industry's most prominent and powerful startup investors, said in a Medium post on Thursday that his early-stage investment firm, SV Angel, will not be raising a new fund. Conway and his son, Topher, who co-manages the fund, said they will continue to use the SV Angel brand and cut checks — but in smaller amounts and as angel investors. 2. Facebook CEO Mark Zuckerberg fielded questions from shareholders in the company's annual shareholder meeting. In addressing concerns about Facebook's recent scandals, Zuckerberg and his team repeated talking points they'd made to the press or in Congress. 3. There's an internal war at Google over its involvement in the US Department of Defense's Project Maven. Staffers flooded message boards, attended fractious meetings, created anti-Maven stickers, and resigned in protest. 4. Anti-tech demonstrators in San Francisco on Thursday morning blocked shuttles carrying workers from Google and Apple with piles of e-scooters. They were protesting what they see as failure of the tech industry and lawmakers to address the city's income inequality and sizable homeless population. 5. SoftBank will invest $2.25 billion in GM's Cruise self-driving-car division. Ultimately, SoftBank will take a nearly 20% equity share in Cruise, which has been operating as a stand-alone GM unit. 6. An ex-Googler has warned that constant tech distraction has major societal side-effects such as fake news and online mobs. James Williams likened technology to a faulty GPS and suggested it isn't taking most people in the direction they want to go. 7. ZTE was created by China for the purpose of spying, and openly used bribery to accomplish its goals, court documents filed in Dallas allege. The documents also include testimony, taken under oath, from two telecom executives from Liberia who said ZTE bribed officials, allegedly including judges and the country's former president, between 2005 and 2007. 8. Melinda Gates has a plan to fix the not-enough-women-in-tech problem. She's not only investing in startups founded by women or minorities, she's also directly investing in funds run by female venture capitalists. 9. Telegram's CEO Pavel Durov said Apple has been blocking global updates to the messaging app since April. He claimed this follows Russia asking Apple to remove Telegram from the App Store. 10. Amazon-backed thermostat company Ecobee has raised $36 million to take on Google's Nest. Ecobee CEO Stuart Lombard says the plan isn't to "outspend" Google, but rather to ride the wave in the Amazon Alexa and Apple HomeKit ecosystems to become the leading alternative. |
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