Good morning! Here is the tech news you need to start your week.
1. Meal-delivery service Deliveroo is now valued at over $2 billion (£1.4 billion). The company raised $385 million (£284 million) in its latest funding round, becoming one of the most valuable tech companies in the UK.
2. Uber’s petition to “Save Your Uber in London” has now surpassed 634,000 signatures. The petition, which follows Transport for London’s decision not to renew Uber’s licence to operate in the city, will be delivered to Mayor Sadiq Khan.
3. Intel launched the eighth-generation Core chips, part of the Coffee Lake family. The high-end i7 chip got an improvement, but Intel also beefed up the midrange i5, which now has six cores, and the lower-end i3, now with four.
4. Former US president Barack Obama tried to give Mark Zuckerberg a “wake-up call” following the latter’s comments on fake news during last year’s presidential elections, according to The Washington Post. Facebook’s CEO acknowledged Obama’s concerns, but said that “messages weren’t widespread” on Facebook and that there was “no easy remedy.”
5. China-backed buyout fund Canyon Bridge Capital Partners is buying British chipmaker Imagination Technologies for £550 million. Earlier this year, the British firm saw its shares crash 70% following reports that Apple would begin using its own graphics chips in upcoming iPhones.
6. German enterprise software giant SAP has acquired Gigya, a company that seeks to help online properties manage customer profiles. Terms of the deal haven’t been disclosed as of yet, but TechCrunch reports that the acquisition was worth $350 million (£258 million).
7. Twitter is reportedly testing a Twitter Lite version of its Android app. The app, specifically designed for emerging markets thanks to its lighter data load, is currently being tested in the Philippines.
8. UberEats has become a surprisingly successful standout for Uber. The company announced that the operation is now profitable in 27 of the 108 cities where it’s offered.
9. Nintendo is adding a new layer of security to its users’ online accounts by letting them enable two-factor authentication. The Japanese firm will ask users to download Google Authenticator, which will give them a unique code to log in.
10. Southeast-Asian games firm Sea is preparing for a $1 billion (£730 million) US IPO. The company, formerly known as Garena, is valued at $3.75 billion (£2.76 billion), and will list on the New York Stock Exchange as “SE.”