Axios

Apple announced in a statement Friday that its HomePod smart speaker won't be ready in time for its initial December release date, adding that the production process needs "a little more time." A company spokesperson told TechCrunch that the new plan is to start shipping in the U.S., U.K. and Australia in 2018.

Why it matters: The delay is a hit to Apple, whose original plan was to coincide with the $350 speaker's release with the Christmas rush.

The Justice Department's top antitrust cop laid out some clues about his merger philosophy — and it doesn't bode well for AT&T's proposed $85 billion takeover of Time Warner.Both companies have pushed for "behavioral remedies" — in other words, conditions to prevent specific anticompetitive behaviors by merging companies — to address antitrust concerns.Don't hold your breath: In a speech yesterday DOJ antitrust chief Makan Delrahim said such fixes are more like temporary band-aids and hard to enforce. He was critical of specific deals approved with behavioral conditions, like Comcast/NBCU, Google/ITA and LiveNation/Ticketmaster."I believe the [DOJ] should fairly review offers to settle but also be skeptical of those consisting of behavioral remedies or divestitures that only partially remedy the likely harm," he said.Instead: He made it clear he prefers "structural" solutions, which would usually involve selling off major assets. "Behavioral remedies often require companies to make daily decisions contrary to their profit-maximizing incentives, and they demand ongoing monitoring and enforcement to do that effectively," he said. "It is the wolf of regulation dressed in the sheep's clothing of a behavioral decree."Between the lines: In this case, a structural fix could involve divestitures of Turner (the owner of CNN) or DirectTV, which has been floated in press reports. Both those assets are key to AT&T's plan for a content and delivery powerhouse.

The latest fight over Bay Area housing costs is at the future site of a school being funded by Mark Zuckerberg and his wife, Priscilla Chan. The Mercury News reports:

"City officials ordered a dozen RVs out of a single, flood-prone residential street Wednesday, igniting protests from residents and social service agencies concerned about a crackdown on the new mode of low-income housing in the Bay Area. The city said some residents were illegally dumping sewage from their vehicles, creating a health hazard soon to be exacerbated by expected rain storms… Protesters claimed the city did not give the residents enough time to pack up and leave."

The street is the future location of The Primary School, which was founded by Chan to provide children's medical care and education under one roof. Construction isn't expected to start for more than a year. "The Primary School was not aware of these actions prior to yesterday and has had no engagement with the city on this matter," said a spokesperson for the school, which currently operates elsewhere. "We are actively supporting ... families affected by this change."

• Opponents of the city's actions seized on the Zuckerberg connection. "Mark Zuckerberg has tried to play good PR through Chan Zuckerberg Initiative projects," tweeted writer Ju-Hyun Park. "But in order to build his school, Mark Zuckerberg is evicting homeless children and their families."

Notable stat: 58% of kids in the relevant school district, whose schools are mostly K-8, are either homeless or in unstable housing, per superintendent Gloria Hernandez-Goff. That's up from 25% at the start of the last school year.

These children are neighbors to many tech companies. It's just a 12 minute drive from the school district to Facebook HQ and 20 minutes to the Googleplex.

Flashback: "RVs booted out of Latham Street in Mountain View"

This post has been updated to clarify that the school district mentioned above includes one charter high school.

The economic strains of technology on the entire media landscape are intensifying. Weeks after Google and Facebook announced record earnings, some of the biggest players in the digital media industry are still struggling to hit revenue projections, make profit or grow.

Why it matters: Rapid consolidation in every sector, but especially digital, shows how difficult it is for media companies to survive in an attention economy dominated by tech platforms. Tech giants, aided by decades of minimal regulation, have scaled to the point at which they are able to adjust their advertising models and adapt to consumer demands faster than most media companies can keep up with.

Denise Young Smith, Apple's former HR chief and current head of diversity, plans to leave the company at year's end. She's been at the company since 1997.

Why it matters: Smith has been at Apple for two decades and is one of only a couple high-profile women of color at the company, along with former EPA administrator Lisa Jackson.

Facebook is launching a "Facebook Creator app" on IOS and, soon, Android to help social media influencers create more content and connect with their fans. The app will allow users to access exclusive tools that make live broadcasts easier and more personalized. It will include access to analytics about pages, videos and fans, as well as a "Community" tab that will let users connect with fans in a centralized commenting space across Facebook, Instagram and Messenger.

Why it matters: YouTube, owned by Alphabet, is considered one of the most lucrative platforms for social media influencers. This is Facebook's way of increasing opportunities for them to bring their communities to Facebook-owned properties.

Former GE CEO Jeffrey Immelt said he's ok with not getting picked to be CEO of Uber. "At the end of the day I wasn't really ready for something that visible, that intense," Immelt said at an Axios "Smarter Faster Revolution" event at the University of North Carolina.

He said Uber is based on a "seminal" idea but an open question remains: "Can you take this thing that's an amazing idea and turn it into a fantastic business, a profitable business?"

Twitter rolled out a series of changes on Wednesday to its verified accounts program aimed at addressing who is eligible to get the coveted blue checkmark.Under the revised guidelines, Twitter says it reserves the right to revoke the verified status of any individual, but specifically calls out certain criteria that could lead to a loss of verification.Included in that is not only the direct harassment or promotion of violence but also being a member of a group that promotes hate, violence or direct harassment of individuals based on their race, gender, gender identity, sexual orientation or other criteria.Twitter also moved to revoke the verified status of a number of prominent far-right and right supremacists, including Richard Spencer and Jason Kessler, organizer of the Charlottesville rally. This resulted in predictable outrage from those impacted, as well as their supporters.But it also led to criticism that Twitter wasn't solving the problem it had originally identified. When it first said last week it was pausing its verification program, it noted that the verification of a prominent user's identity had come to be seen as an endorsement. Wednesday's actions might please those that don't appreciate seeing the blue checkmark adorn the posts of white supremacists, but it doesn't appear to solve the confusion over what verified status is supposed to mean.Why you'll hear about this again: Twitter hinted more changes are coming. "We will continue to review and take action as we work towards a new program we are proud of," the company said.

FORTUNE Businessperson of the Year is Jensen Huang, co-founder and CEO of chip maker Nvidia, based in Santa Clara:

Huang on why he started Nvidia:

"We ... observed that video games were simultaneously one of the most computationally challenging problems and would have incredibly high sales volume. ... Video games was our killer app — a flywheel to reach large markets funding huge R&D to solve massive computational problems."

• Huang, born in Taiwan, is "the rare cofounder still running his company 24 years later. He ... foresaw a blossoming market for a new kind of computing early enough to reposition his company years in advance."
• On the next billion-dollar opportunity: "The ability for artificial intelligence to write artificial intelligence by itself. ... We're seeing early indications of it now. Generative adversarial networks, or GAN. I think over the next several years we're going to see a lot of neural networks that develop neural networks.
• "For the next couple of decades, the greatest contribution of A.I. is writing software that humans simply can't write. Solving the unsolvable problems."
• On the company's name: "We couldn't think of one, so we named all of our files NV, as in 'next version.'" A need to incorporate the company prompted the cofounders to review all words with those two letters, leading them to "invidia," Latin for "envy."

FORTUNE's runner-ups: #2 Jamie Dimon (CEO, JPMorgan Chase) ... #3 Marc Benioff (CEO, Salesforce) ... #4 Jeff Bezos (CEO, Amazon) ... #5 Mary Dillon (CEO, Ulta Beauty) ... #6 Ajaypal "Ajay" Banga (CEO, Mastercard) ... #7 Huateng "Pony" Ma (CEO, Tencent Holdings) ... #8 Dan Schulman (CEO, PayPal) ... #9 Marillyn Hewson (CEO, Lockheed Martin) ... #10 Francisco D'Souza (CEO, Cognizant).

Once known as "Facebook's youngest employee," 21-year-old Michael Sayman, who recently joined rival Google, yesterday released a new mobile trivia app called Lies.

Why it matters: Lies is the latest in a recent trend of question-based mobile social apps to quickly rise in popularity. Just last month, Facebook acquired a similar app, tbh, while two of Vine's co-founders say they found recent success with trivia game show app HQ.

Deep learning — the AI technique that allowed a computer to beat a world-champion Go player — has become very good at recognizing patterns in images and games. But it's loosely based on ideas we've had about the human brain for decades. Researchers now have more insights from neuroscience and better technologies, both of which they are trying to use to make more intelligent machines.

What's new: On Tuesday, DeepMind co-founder Demis Hassabis presented new work from the company that indicates a move into different territory. Researchers gave an AI system pictures of a 3D scene, along with the coordinates of the camera angles, and it was able to output a new scene from an angle it had never seen. Being able to build models of the world like this — and then use them to react and respond to new situations never encountered before — is considered key to intelligence.

Geoffrey Hinton, a Google researcher and professor at the University of Toronto, helped pioneer artificial neural networks, the technology behind most of the major advances in machine learning. And now he's come up with a new idea that he thinks is even more powerful.

Hinton calls his latest creation "capsule networks." Each capsule is a group of artificial neurons trained to track a specific feature of an image. Combining them allows an AI system to understand the spatial relations between different features of an image, so it can identify different views of the same image. Hinton has shown that this technique performs much better than existing systems in a challenge to recognize objects from different angles.

Why it matters: To existing neural networks, two images of the same object from different angles look like totally different objects. This means neural networks asked to recognize objects in images need to train on images from many different angles, which requires vast amounts of data. For example, the ImageNet data set, used in the image recognition competition that's been the benchmark for these systems for the last seven years, contains more than 13 million images. The hope is that capsule networks could achieve the same results working from much smaller data sets.