SoundCloud needs more money, or it needs a buyer. The streaming music service has been trying to raise more than $100 million since last summer, without success. It has also talked to potential acquirers, including Spotify, without closing a deal — and is now at a point where it may sell for less than the $700 million investors thought it was worth a few years ago. — [Peter Kafka / Recode]
Waymo, Alphabet’s self-driving project, has asked a judge to stop Uber from using what it believes is stolen intellectual property. — [Johana Bhuiyan / Recode]
EBay is in the process of building up its own internal advertising sales team, as Amazon continues to ramp up its own products for advertisers. — [Jason Del Rey / Recode]
Recode’s SXSW programming continues today as Executive Editor Kara Swisher interviews cast members from HBO’s “Veep.” You can watch the session live on our Facebook page at 1 pm ET, 12 pm CT, 10 am PT.
When times get tough in the media industry, you see giant M&A deals like AT&T’s pending $85 billion purchase of Time Warner. Not so much in the tech world, Code Advisors partner Quincy Smith said on the latest Recode Decode, hosted by Kara Swisher. That will change soon, Smith thinks. Listen now on iTunes, Overcast, Stitcher, Google Play, or on our site. — [Eric Johnson / Recode]
Top stories from Recode
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SXSW knocked one of Austin's Uber and Lyft replacements out for hours. It’s easy to forget how reliable Uber is these days.
Edible robots made from gelatin may soon get to work in your intestinal tract. Researchers from Switzerland made a robotic actuator that is fully digestible.
For the U.S. to stay on top, we can’t just keep funding innovation in Silicon Valley and New York. Steve Case says we need to spread our bets across the country — or else things will keep getting worse.
Now that Android is getting Google Assistant, here’s how it works. Here’s what you can actually do with it.
This is Cool
“Online Human-Bot Interactions: Detection, Estimation, and Characterization.” An academic research report (pdf) on the prevalence of bots on social media, which estimates that between 9 percent and 15 percent of active Twitter accounts are bots. (via CBS)
This article originally appeared on Recode.net.