DawentsIT: All Things Technology news you need to know this Monday-
1.Samsung’s chairman has died. Lee Kun-hee, the chairman and former CEO of Samsung and one of the country’s wealthiest men, has died aged 78.
2.Facebook is preparing for election unrest. The tech giant plans to slow the “spread of viral content” in case of violence related to the election, per the Wall Street Journal.
3.Facebook is blocking academics from analyzing its political ad-targeting. The NYU Ad Observatory is researching Facebook’s ads with a browser plug-in, but the social media company says this is against its terms of service.
4.Jared Kushner is working on a Trump media company. Five Republicans familiar with the discussions told Insider that Kushner was working on either a Donald Trump-themed news outlet or some other media company, possibly as soon as after the election.
5.Big tech wants more protection in the EU. Tech giants have called for new rules that would shield them from legal liabilities for actively removing hate speech and other illegal or harmful content, according to Bloomberg.
6.The first AI satellite is now in space. PhiSat-1 could pave the way for innovations in how satellites detect natural disasters, or even how we communicate with Mars rovers.
7.Business Insider analyzed what led to Quibi’s death. The video app, backed by $1.75 billion and some of Hollywood’s top names, launched in April and died in October in a major business flop.
8.Insiders described what it was like to work at Coinbase. The crypto firm recently lost 5% of employees after effectively banning political discussions at work.
9.Fintech unicorn Wefox is seeking fresh funding. The company has raised approximately $130 million in Series C funding already, and is hoping to increase that to around $237 million, Business Insider exclusively reported, making it one of the biggest European funding rounds of 2020.
10.VCs named the hottest European education startups. The COVID-19 pandemic prompted a surge of interest in edtech with record levels of investment in the space.