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The CEO of Google DeepMind plans to buy a Tesla 3 off Elon Musk — who happens to be one of his early investors

Demis Hassabis, the cofounder and CEO of DeepMind, a Google-owned AI lab in London, is planning to buy a Tesla 3 from Elon Musk — one of the company's earliest investors.

Hassabis congratulated Musk on Twitter after Musk tweeted that 276,000 Model 3 orders had been made by the end of Saturday, just two days after the electric car was launched.

"Really amazing to hear!! Just placing my order...," Hassabis wrote.

At $35,000 (£24,423), the five-seater Model 3 is the cheapest Tesla to date and is due to start shipping in late 2017.

Those interested in owning a Tesla 3 need to put down $1,000 (£702) deposits to reserve their vehicles.


The clever way British cops got around the encryption on a would-be terrorist's iPhone

The British police figured out a clever way to get around the encryption on a would-be terrorist's iPhone: going undercover and tricking him into giving it to them unlocked.

Encryption technology is being adopted more and more widely, and it is throwing up obstacles to evidence-gathering. Data that could contain vital evidence in law-enforcement investigations can be permanently inaccessible if the suspect refuses to surrender the password.

For some, the answer is to try to break the encryption altogether — either by legislating against it or by trying to compel the assistance of the tech companies involved.

But this can have dangerous consequences for ordinary users' security,

The first person to hack the iPhone is working on self-driving cars — and he just raised money from a big investor

Silicon Valley venture capital firm Andreessen Horowitz has led a $3.1 million (£2.1 million) funding round in, a self-driving car company founded by legendary hacker George Hotz.

Andreessen Horowitz general partner Chris Dixon published a blog post explaining why his fund invested in the company. He said that Hotz's plan to add semi-autonomous driving technology to cars is "a textbook example of the 'WhatsApp effect' happening to AI."

Hotz is best-known for his previous life as a hacker with a talent for breaking into devices. He cracked the original iPhone in 2007 when he was 17, and went on to break into the PlayStation 3 in 2010. His hacks allowed people to modify the devices and run their own software on them.

Staff at a food delivery startup have received death threats from drivers after it collapsed into administration

Management staff at Valk Fleet, a food delivery startup in the UK and Germany, have received death threats after the company collapsed into administration, according to TechCrunch.

The death threats reportedly came from Valk Fleet drivers who say they are still owed money (as are a number of the company's internal staff).

Valk Fleet was created by German food delivery startup Delivery Hero, which has been valued at $3.1 billion (£2.2 billion) by its investors.

Two weeks ago, however, Delivery Hero

The global downturn in the music industry may finally be over

Things might finally be looking up for the music industry.

Credit Suisse published an analyst note on April 4 which predicts that 2016 will be the year that the music industry finally recovers from the dip in revenue it's been in since 1998.

The note says that Credit Suisse expects revenue from paid streaming services to grow nearly six times from 2015 to 2020. The financial services company is also bullish on Apple's longterm prospects: It expects the Cupertino company will ultimately control around 45% of the distribution in paid music streaming.

Credit Suisse highlights how countries like Sweden and Norway have been ahead of the curve when it comes to music streaming — and how they are a likely model for other markets.

Satya Nadella on why you'll love Cortana, how cars are like data centers, and what's spurring all these global startups

Microsoft CEO Satya Nadella has reshaped the company since taking over two years ago.

Windows is still important, but it's no longer the only platform that matters: Microsoft is releasing software and supporting app development for Apple's iOS, Google's Android, and even its old enemy Linux. The infighting and aggressive dismissal of competitors is mostly gone. And Nadella has embraced "cloud computing" — the idea that some customers don't want to run their own technology, but would prefer to outsource it — turning Microsoft into the clear number two in the category after Amazon.

We caught up with Nadella fresh off the company's

Why Mark Cuban is pushing his companies to go public early even when the market hates tech

While companies like Uber are arguing to stay private for as long as they can, investor and Dallas Mavericks owner Mark Cuban is taking the opposite approach. 

He's arguing to his companies that it's worth the hassle to go public, he said in a "Closing Bell" interview on CNBC.

In 2015, many tech companies that went public didn't see many positive results. There's been a "down mood" around tech stocks Cuban argues because they are all companies that waited too long to go public.

The market used to be able to capitalize on the the hypergrowth of a company going public early and that's not happening anymore, he says.

Cyber attacks are costing companies millions of dollars — here's how they can mitigate these costs

Companies are more worried than ever about the looming threat of hackers penetrating their networks. In the last year, the number of records exposed in data breaches rose 97%, according to the Identity Theft Resource Center.

The frequency and sophistication of cyber attacks are at an all-time high, and the costs associated with data breaches continue to rise. While companies are investing more in cybersecurity to ward off attacks, they know they won’t be able to spend their way to absolute security. A cybersecurity team of more than 1,000 staffers with a budget of $250 million wasn’t enough to save JPMorgan Chase from getting hacked in 2014. As a result, companies are turning to cyber insurance to help mitigate the costs of a potential breach.

Technology is disrupting the financial services industry — here's how

Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital interfaces. Given how pervasive financial services are across the globe, the disruption opportunity for fintech startups is massive.

Almost every type of financial activity — from banking to payments to wealth management and more — is being re-imagined by startups, some of which have garnered blockbuster investments. Meanwhile, the old guard is trying to solve a puzzle presented by the fintech revolution: How can they benefit from the rise of digital, and how can they avoid obsolescence? 

CITI: The 'Uber moment' for banks is coming — and more than a million people could lose their jobs

Banks are quickly approaching their "automation tipping point," and they could soon reduce headcount by as much as 30%.

That's according to a new Citi Global Perspectives & Solutions (GPS) report on how financial technology is disrupting banks.

"Banks' Uber moment will mean a disintermediation of bank branches rather than the banks themselves," the report said.

"Specifically, it will mean the shift to mobile distribution being the main channel of interaction between customers and the bank," the report reads.

That means that there will be less need for bank branches, and the people who work inside them.

"We believe that there could be another ~30% reduction in staff during 2015-2025," the report said (emphasis added).