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Good morning! Here is the tech news you need to know this Thursday.
1. Uber said it lost $ 700 million (£544 million) in Q1. It’s looking for a public company CFO to replace its current head of finance.
2. Apple has started manufacturing its long-rumored smart speaker, and it could start shipping the gadget later this year. The speaker will use Siri, the voice assistant software on the iPhone and Mac, according to the report from Bloomberg.
3. Google DeepMind’s army of AI researchers in Mountain View is now over 20 people strong. The team has been established so that DeepMind can collaborate more closely with Google.
4. New renders show the iPhone 8 will probably be bigger than the iPhone 7. The renders were produced by Apple leaker Benjamin Geskin.
5. “Friendly neighbourhood hackers” politely hacked a billboard at a shopping mall. They left a message on the billboard saying: “We suggest you improve your security.”
7. Cloud storage firm Box beat analyst expectations and posted revenue of $ 117.2 million £91 million) for its most recent quarter. “It was a strong quarter in terms of top line growth,” CEO Aaron Levie said in an interview.
8. Andy Rubin, the creator of Android, missed out on a $ 100 million (£78 million) investment from SoftBank because of Apple. He said in an interview that a conflict of interest with one of the SoftBank Vision Fund’s contributors caused the deal to fall through.
9. Online student tabloid The Tab received an extra £3.1 million from its investors after losses ballooned last year. The latest cash injection comes a year after Balderton, the venture-capital firm best known for investing in Betfair and LoveFilm, backed the company with a £2 million investment.
10. Londoners could soon be able to make calls and browse the internet on the Tube. Telecoms companies are going to be invited to bid for a contract after next week’s election, according to the Financial Times.