Last week, Chinese ride-hailing giant Didi Chuxing swallowed a $1 billion investment from Apple. Next up: An IPO. Bloomberg reported that Didi, which is Uber's biggest global competitor, is aiming to go public in the U.S. in 2017; Didi is telling other news outlets that it won't happen until 2018.
[Reuters]
When and how will self-driving cars get here? There are two schools of thought: Some companies, like Google, are working on a rapid, "revolutionary" model of changes. Others, like Tesla, look to "evolve" cars and gradually add self-driving features. Eventually, experts anticipate the two models will converge around 2030. Our interactive timeline shows you each step.
[Johana Bhuiyan | Recode]
Confirming an earlier Recode report, Amazon is going to begin rolling out private-label household products and groceries. It's a big deal for Amazon and its retail competitors.
[Jason Del Rey | Recode]
On the latest Recode Decode podcast with Kara Swisher, Congresswoman and former Speaker of the House Nancy Pelosi says that she doesn't merely hope that Donald Trump won't end up in the White House; she "guarantees" it won't happen. In the interview, which we've also made available in video, Pelosi goes on to talk about Apple and the FBI, and Congress and the tech industry.
[Eric Johnson | Recode]
Warren Buffett has famously avoided investing in tech, but that is changing this year. First Buffett offered to back a consortium bidding for Yahoo; now his Berkshire Hathaway has disclosed it owns 9.8 million shares — about a billion dollars' worth — of Apple.
[Noah Buhayar | Bloomberg]
Facebook
By Peter Kafka
"It would be interesting to look him in the eye."
Voices
By Tony Haile
What publishers can and can't do — and how that forces them into giving up more of their core competencies to Facebook.
Yahoo
By Dan Frommer
Robby Stein will join Instagram's new-look product team.
Capital Gains
By Noah Kulwin
Funding headlines from this past week in Silicon Valley.
Facebook
By Peter Kafka
It even hires them!
Voices
By Cyriac Roeding
We are too well-fed in Silicon Valley.
Paul Ryan is the Speaker of the House, and technically the highest-ranking Republican in the land. And, like the rest of the political establishment, he appears to be falling in line behind candidate Trump. BuzzFeed's Republican chronicler-in-chief, McKay Coppins, explains vividly and humorously why the "good soldier" of the GOP was so quick to back down against Trump.
This article originally appeared on Recode.net.
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