In a first, Samsung will pay 50%-100% of executive bonuses in stock starting January 2026, linking compensation to share performance amid chipmaking struggles (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg: In a first, Samsung will pay 50%-100% of executive bonuses in stock starting January 2026, linking compensation to share performance amid chipmaking struggles  —  – Company is linking pay for senior executives to performance  — The overhaul comes as Samsung cedes market share to rivals

Sources: Instagram and YouTube gear up to welcome TikTok users; two Meta employees say execs discussed resource allocation on January 15 to handle TikTok users (New York Times)

New York Times: Sources: Instagram and YouTube gear up to welcome TikTok users; two Meta employees say execs discussed resource allocation on January 15 to handle TikTok users  —  Meta’s Instagram and Google’s YouTube are getting ready behind the scenes to welcome TikTok users, should the Chinese-owned app be banned from the United States.

A look at Pump.Fun, a service for launching memecoins that has generated $350M+ in revenue via a 1% trading fee in the 12 months since its launch in Jan. 2024 (Joel Khalili/Wired)

Joel Khalili / Wired: A look at Pump.Fun, a service for launching memecoins that has generated $350M+ in revenue via a 1% trading fee in the 12 months since its launch in Jan. 2024  —  Pump.Fun raked in hundreds of millions of dollars in its first year in operation.  Despite some growing pains, its creators […]

Explained: Generative AI’s environmental impact

In a two-part series, MIT News explores the environmental implications of generative AI. In this article, we look at why this technology is so resource-intensive. A second piece will investigate what experts are doing to reduce genAI’s carbon footprint and other impacts. The excitement surrounding potential benefits of generative AI, from improving worker productivity to advancing scientific […]

The FTC bans GM from selling driver behavior and geolocation data to consumer reporting agencies for five years, after finding GM didn’t properly inform drivers (Kashmir Hill/New York Times)

Kashmir Hill / New York Times: The FTC bans GM from selling driver behavior and geolocation data to consumer reporting agencies for five years, after finding GM didn’t properly inform drivers  —  An investigation by the Federal Trade Commission determined that consumers had not been aware that the automaker was providing their driving information to […]

Trump plans to nominate Olivia Trusty, policy director for a US Senate committee, as the third Republican member of the FCC’s five-person commission (Matthew Keys/The Desk)

Matthew Keys / The Desk: Trump plans to nominate Olivia Trusty, policy director for a US Senate committee, as the third Republican member of the FCC’s five-person commission  —  President-elect Donald Trump on Thursday said he intends to nominate Olivia Trusty to fill an upcoming vacancy at the Federal Communications Commission (FCC).

Source: Meta CTO Andrew Bosworth told staff that some of Meta’s changes were “pretty ham-fisted, borderline unintentional” and Meta is planning some corrections (Kalley Huang/The Information)

Kalley Huang / The Information: Source: Meta CTO Andrew Bosworth told staff that some of Meta’s changes were “pretty ham-fisted, borderline unintentional” and Meta is planning some corrections  —  Meta Platforms Chief Technology Officer Andrew Bosworth on Tuesday told staff that the company had handled parts …

MIT Global SCALE Network named No. 1 supply chain and logistics master’s program for 2024-25

The MIT Global Supply Chain and Logistics Excellence (SCALE) Network has once again been ranked as the world’s top master’s program for supply chain and logistics management by Eduniversal’s 2024/2025 Best Masters Rankings. This recognition marks the eighth consecutive No. 1 ranking since 2016, reaffirming MIT’s unparalleled leadership in supply chain education, research, and practice. […]

Four current Meta employees, citing internal discussions, say the actual number of full-time staff who will have to relocate from California to Texas is limited (Paresh Dave/Wired)

Paresh Dave / Wired: Four current Meta employees, citing internal discussions, say the actual number of full-time staff who will have to relocate from California to Texas is limited  —  Mark Zuckerberg said content moderation teams in California will relocate to Texas to help reduce bias.

Google agreed to buy 100K tons of CO2 removal credits from Indian startup Varaha for an undisclosed sum, marking its first deal with a carbon project in India (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch: Google agreed to buy 100K tons of CO2 removal credits from Indian startup Varaha for an undisclosed sum, marking its first deal with a carbon project in India  —  Google has agreed to purchase 100,000 tons of carbon dioxide removal credits from Indian startup Varaha, its first such deal …

Insight Partners raised $12.5B for its 13th flagship fund, down from its initial target of $20B, making it one of the biggest tech-focused funds (Kate Clark/Bloomberg)

Kate Clark / Bloomberg: Insight Partners raised $12.5B for its 13th flagship fund, down from its initial target of $20B, making it one of the biggest tech-focused funds  —  The firm reduced its initial fundraising target from $20 billion.  —  Insight Partners, a New York-based venture capital and private equity firm …

Making the art world more accessible

In the world of high-priced art, galleries usually act as gatekeepers. Their selective curation process is a key reason galleries in major cities often feature work from the same batch of artists. The system limits opportunities for emerging artists and leaves great art undiscovered. NALA was founded by Benjamin Gulak ’22 to disrupt the gallery […]

Block agrees to pay $80M to a group of 48 US state financial regulators that say it had insufficient policies for policing money laundering through Cash App (Pete Schroeder/Reuters)

Pete Schroeder / Reuters: Block agrees to pay $80M to a group of 48 US state financial regulators that say it had insufficient policies for policing money laundering through Cash App  —  Block Inc (SQ.N) has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies […]

Donald Trump is considering issuing an executive order once in office that would suspend enforcement of the TikTok sale-or-ban law for 60 to 90 days (Washington Post)

Washington Post: Donald Trump is considering issuing an executive order once in office that would suspend enforcement of the TikTok sale-or-ban law for 60 to 90 days  —  Trump, the infamous dealmaker, is exploring unconventional ways to rescue the Chinese-owned video app from a nationwide ban …

Aligned Data Centers, which specializes in AI-related infrastructure, raised over $12B, including $5B+ of new primary equity and $7B+ of new debt commitments (Rishi Kant/Reuters)

Rishi Kant / Reuters: Aligned Data Centers, which specializes in AI-related infrastructure, raised over $12B, including $5B+ of new primary equity and $7B+ of new debt commitments  —  Aligned Data Centers, which specializes in AI-related infrastructure, said on Wednesday it had completed another round of capital raise of more than $12 billion.

Karl Berggren named faculty head of electrical engineering in EECS

Karl K. Berggren, the Joseph F. and Nancy P. Keithley Professor of Electrical Engineering at MIT, has been named the new faculty head of electrical engineering in the Department of Electrical Engineering and Computer Science (EECS), effective Jan. 15. “Karl’s exceptional interdisciplinary research combining electrical engineering, physics, and materials science, coupled with his experience working […]

More than an academic advisor

Advisors are meant to guide students academically, supporting their research and career objectives. For MIT graduate students, the Committed to Caring program recognizes those who go above and beyond. Professors Iain Stewart and Roberto Fernandez are two of the 2023-25 Committed to Caring cohort, supporting their students through self-doubt, developing a welcoming environment, and serving as […]

Quantum Brilliance, which makes quantum computing hardware using synthetic diamond qubits that work at room temperature in any setting, raised a $20M Series A (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE: Quantum Brilliance, which makes quantum computing hardware using synthetic diamond qubits that work at room temperature in any setting, raised a $20M Series A  —  Quantum Brilliance GmbH said today it’s ready to begin mass production of its diamond-based quantum computers after closing on a $20 million early-stage round of funding.

The VisionTrack Composite Index, which tracks the performance of 130 crypto-focused hedge funds, rose 40% in 2024, compared to Bitcoin’s 120% surge that year (Bloomberg)

Bloomberg: The VisionTrack Composite Index, which tracks the performance of 130 crypto-focused hedge funds, rose 40% in 2024, compared to Bitcoin’s 120% surge that year  —  – Many crypto hedge funds notched double-digit returns in 2024  — But fewer were able to beat Bitcoin’s 120% advance last year

The Netherlands tightens export control rules, requiring ASML and ASM International to seek licenses from the Dutch government for some chipmaking tools (Cagan Koc/Bloomberg)

Cagan Koc / Bloomberg: The Netherlands tightens export control rules, requiring ASML and ASM International to seek licenses from the Dutch government for some chipmaking tools  —  The Netherlands tightened export control rules to make ASML Holding NV apply for licenses with the Dutch government instead of Washington for some of its tools.