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Good morning! This is the tech news you need to know this Wednesday.

1. Facebook CEO Mark Zuckerberg leaned into his vision of privacy at the company's annual developer conference, which kicked off on Tuesday. This revolves around six core principles: private interactions, encryption, reduced permanence, interoperability, and secure data storage. 
2. An explosive report from Bloomberg claimed that Vodafone Italy found flaws in Huawei's fixed-access network equipment and its home routers that looked like backdoors. Vodafone disputed Bloomberg's characterisation of events and said the vulnerabilities had been resolved.
3. Investors cheered Tuesday after Apple's latest quarterly results surpassed the low bar Wall Street had set. The tech giant's fiscal second-quarter revenue — including that from its all-important iPhone line — fell from the same period a year earlier, as did its earnings but the results topped analysts' muted expectations.
4. Apple says products like the Apple Watch and Airpods are doing so well, its wearables business is as big as a Fortune 200 company. Apple reported revenues of $5.1 billion for its Wearables, Home, and Accessories business in the first three months of 2019 , which is up from $3.9 billion in the same period of 2018.
5. Google spent $1.2 million last year to protect CEO Sundar Pichai in an 'overall security program' that started months after the YouTube shooting. It represents a doubling in cost.
6. Facebook is getting one of the biggest face-lifts in its 15-year history. On Tuesday, the California-based tech giant announced a sweeping redesign of the social network — ditching its iconic blue menu bar and replacing it with a cleaner white design, and placing greater-than-ever emphasis on groups.
7. Facebook is adding a "secret crush" feature to its Facebook Dating tool. It will allow users to discover if they and their friends have mutual crushes on each other.
8. UiPath has raised $568 million in a Series D round of funding led by Coatue, with participation from Dragoneer, Wellington, Sands Capital, and T. Rowe price, the company announced Tuesday. The round values UiPath at $7 billion, confirming Business Insider's earlier reporting, and likely making it the most valuable artificial intelligence startup in the world.
9. Just three days into its IPO roadshow, Uber has reportedly already garnered enough demand to sell its full 180 million shares. The ride-hailing giant is expected to net a valuation of up to $90 billion when it prices next week on May 9, the company said in updated regulatory filings.
10. One of the world's leading thinkers on artificial intelligence says the technology is a bigger menace to human civilization than climate change. Nick Bostrom, an Oxford philosophy professor, told Business Insider: "AI is a bigger threat to human existence than climate change. Climate change is not going to be the biggest change we see this century."
     

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