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A roundup of the latest high-tech news “Hot Off the Wire” from The Associated Press and Local Tech Wire:

• Amazon CEO: Color Kindle ‘still a long way out’

SEATTLE — A color version of Amazon.com Inc.’s may come eventually, but it won’t be soon.

Speaking Tuesday at the online retailer’s annual shareholder meeting in Seattle, founder and CEO Jeff Bezos said that adding color to the Kindle’s "electronic ink" display is a difficult technical challenge and that a color screen is "still a long way out." Bezos said he’s seen things "in the laboratory" that are "still not ready for prime-time production."

Tablet computers such as Apple Inc.’s iPad and some e-readers sport LCD displays, which can show color. But those are harder to see in sunlight and consume much more power than e-ink displays.

As usual, Bezos did not detail how many Kindles Amazon has sold since the product launched in 2007, except to say customers have bought "millions" of them.

Also Tuesday, Bezos said that Amazon Web Services, which sells Web hosting and data-storage services to other companies, has the potential to be as large as Amazon’s retail business eventually. He called the overall market for such services a "very, very large area" that is generally not being done efficiently.

"Whenever something is done inefficiently, that creates an opportunity," Bezos said.

For now Amazon’s Web services division has a long way to go. It is part of a group that had $188 million in revenue in the first quarter, while Amazon’s retail operations brought in nearly $7 billion.

• Forbes buying online news startup True/Slant

NEW YORK — Forbes Media is buying the online , marrying two companies with vastly different approaches to journalism and publishing.

Lewis Dvorkin, who founded True/Slant and was once an editor at Forbes magazine, announced the deal in a blog post Tuesday. He didn’t say how much Forbes is paying.

The deal signals a new approach to the Web for Forbes, which will get an online makeover with help from the True/Slant team.

True/Slant, which started about a year ago, seeks to offer a launch pad for individual writers to build followings around their work. It began with about 100 freelance writers posting bits of news and opinion. A few of the contributors came from established news brands including CNN, Rolling Stone and Newsweek.

Dvorkin said the site now has at least 300 people writing for it. Traffic to the site has grown from 90,000 unique visitors in the U.S. last June to 335,000 last month, according to comScore.

True/Slant diverges from most traditional publishers in allowing advertisers to have their own separate pages on the site, besides regular display ads. And its contributors can earn bonuses depending on the amount of traffic they draw.

The whole concept is built around the journalist as entrepreneur — a "brand of one" as Dvorkin put it in an interview last year.

• NYC mayor announces $22M fund for tech startups

NEW YORK — New York City Mayor Michael Bloomberg has a message for computer geeks everywhere: Forget sunny Silicon Valley and launch your company here.

Bloomberg made his pitch Tuesday at a gathering of technology entrepreneurs, announcing the creation of a city-sponsored $22 million venture fund that will invest in promising tech companies headquartered in New York.

The city’s Economic Development Corporation will invest $3 million in the fund while FirstMark Capital, a New York-based venture capital fund will provide up to $19 million more.

The backdrop for Bloomberg’s announcement was TechCrunch Disrupt, a media and technology conference that draws tech entrepreneurs from across the country.

Bloomberg, 68, is a multibillionaire who made his fortune starting Bloomberg LP, a financial data and news company. He reminded the crowd that he was a tech pioneer long before the Internet existed and offered up some of his other high-tech credentials as well.

"Before this morning’s conference I updated my Facebook page, sent a Tweet, browsed my Digg feed and checked in at Foursquare," he said. "I even posted a personal ad on Craigslist: Cleveland basketball star to play basketball in the Big Apple."

It was a joking reference to the city’s efforts to woo LeBron James of the Cleveland Cavaliers.

Asked why a tech startup should choose New York over the warmer West Coast climes, Bloomberg said that venture capital funding of companies in New York was up 19 percent last year even as it fell elsewhere amid the poor economy. He said the creativity and talent in New York was unmatched anywhere.

"It’s a great place where intellectual capital is important. If you want to compete in the big pond, if you want a breadth of cultural opportunities … this is the place to come," Bloomberg said.

• TiVo loss widens on legal costs, other expenses

PHILADELPHIA — Digital video recorder pioneer TiVo Inc. (Nasdaq: TIVO) on Tuesday reported a net loss in the first quarter — its sixth straight money-losing quarter as the company struggled with higher legal expenses and other costs that wiped out an increase in revenue.

While TiVo has a loyal following among hardcore TV fans who believe its user guide is superior to those offered by cable boxes, the company has had a history of losses typically resulting from higher hardware and research and development costs. Now, a six-year lawsuit against satellite TV company Dish Network Corp. for allegedly infringing on a DVR technology patent is taking a toll on the bottom line.

In recent years, TiVo has been lessening its dependence on DVRs sold directly to consumers as the main source of revenue by licensing its software to subscription TV operators such as cable company Comcast Corp., or letting them use its DVRs as their own, such as the case with RCN Corp., another cable provider. TiVo also has slashed prices on DVRs to consumers and marketed the units through more retailers.

On Tuesday, the company for the first time said it would incorporate its software into Internet-enabled Insignia TV sets, a brand from Best Buy Co. as it staves off competition from the likes of Google TV, a device that hooks up to a set-top box to bring the Web to the television.