Preqin data: Southeast Asia’s AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region (Bloomberg)

Bloomberg: Preqin data: Southeast Asia’s AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region  —  – While global tech expands in the region, its startups languish  — Its homegrown tech industry risks falling behind in AI

How Britannica survived the Wikipedia era by changing itself into a maker of education software and AI agents, as it reportedly weighs an IPO at a $1B valuation (Michael J. de la Merced/New York Times)

Michael J. de la Merced / New York Times: How Britannica survived the Wikipedia era by changing itself into a maker of education software and AI agents, as it reportedly weighs an IPO at a $1B valuation  —  The encyclopedia maker could have become a casualty of the Wikipedia era.  But it has remade itself […]

Tesla’s shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla’s ambitions (Esha Dey/Bloomberg)

Esha Dey / Bloomberg: Tesla’s shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla’s ambitions  —  – Stock was down 2% before election, gains 73% since Trump’s win  — ‘Hard to imagine an upside’ from here: Wisdomtree’s Gannatti

The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency (Andrew J. Hawkins/The Verge)

Andrew J. Hawkins / The Verge: The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency  —  But there’s a twist: the agency wants self-driving car companies to cough up more data.

Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains (Financial Times)

Financial Times: Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains  —  Crypto strategies made more than 30 per cent in November following Donald Trump’s election victory

Tether says it is on track for a record $10B net profit in 2024 and expects to invest $2.5B to $3B in 2025 across AI, finance, biotech, education, and mining (Lucinda Shen/Axios)

Lucinda Shen / Axios: Tether says it is on track for a record $10B net profit in 2024 and expects to invest $2.5B to $3B in 2025 across AI, finance, biotech, education, and mining  —  Exit Content Preview … – Ardoino says the company is tracking toward a record $10 billion in net profits this […]

A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges (Jason Del Rey/Fortune)

Jason Del Rey / Fortune: A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges  —  Matt Garman joined Amazon Web Services as an intern nearly two decades ago.  But his appearance earlier this month …

A look at a lawsuit from 64 families against Snap that alleges Snapchat’s design is responsible for connecting teens to dealers selling counterfeit drugs (Olivia Carville/Bloomberg)

Olivia Carville / Bloomberg: A look at a lawsuit from 64 families against Snap that alleges Snapchat’s design is responsible for connecting teens to dealers selling counterfeit drugs  —  “I’m a survivor, and that’s bad for you, CEO of Snapchat, because, uh, uh, uh …” Michael Brewer can’t finish his sentence.

Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022 (Manish Singh/India Dispatch)

Manish Singh / India Dispatch: Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022  —  Quick-commerce rivals Zomato-owned Blinkit and Zepto are neck-and-neck in India’s instant delivery market …

A study by Waymo and insurer Swiss Re finds Waymo’s vehicles were safer than those driven by humans, with a 92% reduction in bodily injury claims and more (Andrew J. Hawkins/The Verge)

Andrew J. Hawkins / The Verge: A study by Waymo and insurer Swiss Re finds Waymo’s vehicles were safer than those driven by humans, with a 92% reduction in bodily injury claims and more  —  Waymo’s autonomous vehicles cause less property damage and fewer bodily injuries when they crash than human-driven vehicles …

Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumps 35%+ after hours (Stephen Alpher/CoinDesk)

Stephen Alpher / CoinDesk: Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumps 35%+ after hours  —  YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether.

Google hired 100+ staffers of Magic Leap as contractors to assist with Google’s work on its new Android XR OS, raising questions about the future of Magic Leap (Sylvia Varnham O’Regan/The Information)

Sylvia Varnham O’Regan / The Information: Google hired 100+ staffers of Magic Leap as contractors to assist with Google’s work on its new Android XR OS, raising questions about the future of Magic Leap  —  Google has hired more than 100 staffers at augmented reality firm Magic Leap as contractors to assist with Google’s work […]

Ecologists find computer vision models’ blind spots in retrieving wildlife images

Try taking a picture of each of North America’s roughly 11,000 tree species, and you’ll have a mere fraction of the millions of photos within nature image datasets. These massive collections of snapshots — ranging from butterflies to humpback whales — are a great research tool for ecologists because they provide evidence of organisms’ unique behaviors, rare conditions, […]

Bluesky updates its app that includes a separate mentions tab in notifications, protections against username squatting, and new controls for replies sorting (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Bluesky updates its app that includes a separate mentions tab in notifications, protections against username squatting, and new controls for replies sorting  —  Social network Bluesky has released a new update to its app that includes a separate mentions tab in notifications …

The EU commission approves Nvidia’s acquisition of Israeli AI workload management startup Run:ai, saying the takeover raises no competition concerns in the EU (Samuel Stolton/Bloomberg)

Samuel Stolton / Bloomberg: The EU commission approves Nvidia’s acquisition of Israeli AI workload management startup Run:ai, saying the takeover raises no competition concerns in the EU  —  – EU says the deal won’t hamper competition in key market  — Run:ai has been a close collaborator with Nvidia since 2020

Malaysia says it has identified WhatsApp, Facebook, Instagram, X, YouTube, Telegram, WeChat, and TikTok as platforms that need to obtain a license by next year (Bloomberg)

Bloomberg: Malaysia says it has identified WhatsApp, Facebook, Instagram, X, YouTube, Telegram, WeChat, and TikTok as platforms that need to obtain a license by next year  —  The platforms include Meta Platforms Inc.’s WhatsApp, Facebook and Instagram; Elon Musk’s X; Google’s YouTube; Pavel Durov’s Telegram …

Charlotte, NC-based Aiwyn, which provides automation software for accounting firms, raised $113M led by KKR and Bessemer, bringing its total funding to $127M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Charlotte, NC-based Aiwyn, which provides automation software for accounting firms, raised $113M led by KKR and Bessemer, bringing its total funding to $127M  —  Accounting firms are struggling to adopt high-tech solutions.  That’s according to a survey earlier this year from Rightsworks …

YouTube plans to start a crackdown on “egregious clickbait”, or videos where the titles or thumbnails make claims the videos don’t back up, beginning in India (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: YouTube plans to start a crackdown on “egregious clickbait”, or videos where the titles or thumbnails make claims the videos don’t back up, beginning in India  —  A lot of YouTube videos have flashy, misleading titles and thumbnails, such as “BREAKING NEWS” or “The president steps down …

A look at Frank McCourt’s efforts to acquire TikTok and the obstacles he faces, as he lobbies Congress and Trump’s team and recruits former TikTok executives (Bloomberg)

Bloomberg: A look at Frank McCourt’s efforts to acquire TikTok and the obstacles he faces, as he lobbies Congress and Trump’s team and recruits former TikTok executives  —  – TikTok hopes Supreme Court will halt ban at final hour  — McCourt is pitching his bid to Congress, Trump’s team

MIT affiliates receive 2025 IEEE honors

The IEEE recently announced the winners of their 2025 prestigious medals, technical awards, and fellowships. Four MIT faculty members, one staff member, and five alumni were recognized. Regina Barzilay, the School of Engineering Distinguished Professor for AI and Health within the Department of Electrical Engineering and Computer Science (EECS) at MIT, received the IEEE Frances […]

Making classical music and math more accessible

Senior Holden Mui appreciates the details in mathematics and music. A well-written orchestral piece and a well-designed competitive math problem both require a certain flair and a well-tuned sense of how to keep an audience’s interest. “People want fresh, new, non-recycled approaches to math and music,” he says. Mui sees his role as a guide […]