Intel is paying $900 million to buy Moovit, a data-rich app that helps people navigate cities using multiple modes of transportation from bikes and scooters to public transit and taxis.
Why it matters: The acquisition will help Mobileye, Intel's automated driving subsidiary, expand the breadth of its planned mobility services to include everything from self-driving vehicles and automated fleets to on-demand robo-taxi services.
Tim Bray, vice president and distinguished engineer at Amazon Web Services, announced Monday in a blog post that he resigned after the company fired workers who raised concerns about warehouse employees frightened of the coronavirus.
Why it matters: Bray said he strongly disagreed with the firings of a number of employees, including Emily Cunningham and Maren Costa, who link their terminations to their public criticism of Amazon’s treatment of employees during the coronavirus pandemic, according to TechCrunch.
Elliott Management, one of the most feared activist investors, is financing a patent lawsuit on behalf of a small interactive video company against the splashy new mobile streaming company Quibi, a person familiar with the lawsuit tells Axios.
Why it matters: Elliott Management's involvement escalates the months-long battle over who owns the video technology that powers Quibi's entire business. Quibi just launched in April, and has struggled to stick to its ambitious growth plan amid the coronavirus pandemic.
Tim Cook offered an uplifting take on the current crisis Sunday as he delivered a commencement address, virtually, to this year's graduating class at the Ohio State University.
The big picture: Graduating from college is often an uncertain time, but all the more so in the coronavirus era.
Private equity firm Silver Lake is investing 56.56 billion rupees (about $746.74 million) into Jio Platforms, a telecom subsidiary of India's Reliance system, at a $65 billion valuation.
Why it matters: The deal comes just over a week after Facebook announced a $5.7 billion investment into the company, underscoring Jio's growing importance as an entry point into the Indian market. This investment is also the latest in Silver Lake's recent tech spree, which has brought it stakes in Airbnb, Expedia and Twitter in the last two months.
Salesforce is announcing new products Monday to help businesses navigate reopening during a pandemic, tackling newly necessary tasks like scheduling office workers in shifts, managing employee health and handling emergency responses.
Why it matters: Firms like Zoom and Slack have seen their existing services flourish during the coronavirus crisis, but Salesforce's new products are some of the first designed specifically to help navigate it. Expect many more to follow.
