Apple is in talks to acquire the struggling music streaming service Tidal. The logic behind such a deal? Tidal has close ties to music industry heavyweights, and the service gets exclusive streaming deals that Apple probably doesn't want to compete for anymore. A key difference from Apple's 2014 Beats acquisition was that that deal had a lot to do with bringing on executive talent.
[Dan Frommer | Recode]
In exchange for relinquishing the right to sue Zenefits over its regulatory scandal, the company is giving its investors a larger chunk of the business and cutting its valuation by more than 50 percent, to around $2 billion.
[William Alden | BuzzFeed News]
The government has opened an investigation into a fatal car accident from May, in which someone died in a Tesla while using its self-driving car features.
[Johana Bhuiyan | Recode]
Because it's in the EU, British companies can store user data about EU users on British soil. Brexit threatens to change all that, in what might be the most subtle-yet-far-reaching economic consequence of last week's national referendum.
[Sam Schechner | The Wall Street Journal]
James Cham, an investor with Bloomberg Beta who knows a thing or two about artificial intelligence, thinks that there are still a lot of significant unanswered questions about the space. On the new Too Embarrassed to Ask podcast, Cham tells Kara Swisher and Mark Bergen what to look out for.
[Eric Johnson | Recode]
