Good morning, Austin! We have scanned the internet to bring you the latest in technology news. Here’s what’s going on:
Tesla poaches Apple vet for self-driving role
Electric carmaker Tesla Motors has lured a key Apple software engineer to oversee its Autopilot self-driving
Chris Lattner, who served at Apple for more than a decade, said in a online message to Apple developers
on Tuesday that he would "leave Apple later this month to pursue an opportunity in another space"
without saying which company he planned to join.
Later in the day, Tesla posted a message on the company's website saying that Lattner had been hired as
vice president of Autopilot software.
As CNBC points out, this is a significant win for Tesla, bringing a high-profile figure in the world of software
development for a position that previously did not have a full-time leader.
VCs have loads of cash, they just don’t want to spend it
Venture capital funds in the U.S. last year raised the most money since the frothy dot-com days, but they’re
moving far more cautiously as their investments are slow to realize returns.
The U.S. venture industry raised $41.6 billion in 2016, the highest since 2001, according to a report from
research firm PitchBook Data and the National Venture Capital Association.
But startup investing slowed last year, while the number of venture-backed businesses that were acquired
or went public fell to the lowest level since 2010, the data showed.
Bloomberg points out that this puts pressure on them to sell more of their startups this year, either to
larger companies or the public markets.
Verizon cracks down (again) on unlimited data use
Verizon Wireless customers on unlimited data plans who exceed 200GB a month will have to move to a
limited plan by February or face being cut off the network.
The new policy affects customers still on Verizon Wireless' unlimited data plans and is the carrier's
latest effort to move heavy users off the product, which it stopped offering several years ago.
Verizon said it is notifying a customers who exceed 200GB of data over several months that they'll need to
move to a Verizon Plan by February 16.
Verizon’s previous sweep of heavy data users in August targeted unlimited data customers who averaged
500GB a month.
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