The Verge: Reddit gets a $150 million investment from Tencent and users are posting memes to mock the deal

The Verge: Reddit gets a $150 million investment from Tencent and users are posting memes to mock the deal. “Reddit has received a $150 million investment from Tencent, the Chinese tech giant behind WeChat and League of Legends, sparking fears of censorship from Reddit users. The investment was first rumored last week, and led to Reddit users posting photos and memes banned in China in protest of Tencent’s involvement.”

TechCrunch: HyperScience, the machine learning startup tackling data entry, raises $30 million Series B

TechCrunch: HyperScience, the machine learning startup tackling data entry, raises $30 million Series B. “HyperScience, the machine learning company that turns human readable data into machine readable data, has today announced the close of a $30 million Series B funding round led by Stripes Group, with participation from existing investors FirstMark Capital and Felicis Ventures, as well as new investors Battery Ventures, Global Founders Capital, TD Ameritrade and QBE.”

Snap: We’ve blown $3bn this year and Tencent wants to give us more (The Register)

The Register: Snap: We’ve blown $3bn this year and Tencent wants to give us more. “Nose-diving social media company Snap Inc. says it has secured a significant investment from Chinese tech powerhouse Tencent. The photo sharing company slipped the disclosure into yesterday’s remarkably poor quarterly earnings report, saying the 145 million shares were a non-voting stake and would not be subject to much scrutiny from regulators.”

Recode: Yuri Milner’s Big Investments in Twitter and Facebook Have Now Been Tied to the Russian Government

Recode: Yuri Milner’s big investments in Twitter and Facebook have now been tied to the Russian government. “Facebook and Twitter received major investments from a firm with ties to Kremlin-owned corporations, a new trove of confidential documents revealed. That cache of confidential documents called the Paradise Papers was obtained by German newspaper Süddeutsche Zeitung. The documents were reviewed by the International Consortium of Investigative Journalists and a series of news outlets.”

CNET: Google launches AI investment arm

CNET: Google launches AI investment arm. “The new company, which formally launched on Tuesday, underscores Silicon Valley’s growing interest in AI, a field that has been dominated by big tech companies. Google, Facebook and other companies have been busy developing machines, computers or other types of systems that can exhibit humanlike intelligence. The goal is to create machines that can perceive their environment and complete a wide array of everyday tasks previously performed by humans.”