Posts by blatcho:

Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M (Financial Times)

Financial Times: Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M  —  Photo-sharing app BeReal is exploring the addition of in-app payments for extra features to avoid Instagram-style advertising …

Some experts say targeted ads on streaming services could be crucial in the 2022 US midterms, as others worry the ads evade federal regulation and oversight (Natasha Singer/New York Times)

Natasha Singer / New York Times: Some experts say targeted ads on streaming services could be crucial in the 2022 US midterms, as others worry the ads evade federal regulation and oversight  —  Over the last few weeks, tens of thousands of voters in the Detroit area who watch streaming video services were shown different […]

After Ethereum’s Merge, a look at four more upgrades to the network that are under active development, called The Surge, The Verge, The Purge, and The Splurge (Sidhartha Shukla/Bloomberg)

Sidhartha Shukla / Bloomberg: After Ethereum’s Merge, a look at four more upgrades to the network that are under active development, called The Surge, The Verge, The Purge, and The Splurge  —  After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project.

Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program (Svea Herbst-Bayliss/Reuters)

Svea Herbst-Bayliss / Reuters: Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program  —  Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd (WIX.O), the activist hedge fund disclosed in a regulatory filing […]

EVGA stops making video cards, citing conflicts with Nvidia and ending a partnership started in 1999; Nvidia’s GeForce reportedly makes up 80% of EVGA’s revenue (Andrew Cunningham/Ars Technica)

Andrew Cunningham / Ars Technica: EVGA stops making video cards, citing conflicts with Nvidia and ending a partnership started in 1999; Nvidia’s GeForce reportedly makes up 80% of EVGA’s revenue  —  EVGA will continue selling current-gen GeForce cards until it runs out of stock.  —  Graphics card manufacturer eVGA …

A US federal appeals court upholds the Texas social media content moderation law, lifting an injunction that blocked it and remanding it back to the lower court (Joe Schneider/Bloomberg)

Joe Schneider / Bloomberg: A US federal appeals court upholds the Texas social media content moderation law, lifting an injunction that blocked it and remanding it back to the lower court  —  A federal appeals court upheld the validity of a Texas social-media law that companies like Twitter Inc. and Meta Platforms Inc …

“Kids are people too!”

Professor Hal Abelson has dedicated his career to making information technology more accessible to all and empowering people — kids, in particular — through computer science. But his storied career in computer science began with Abelson coming to MIT in 1969 to pursue his interest in mathematics. “The thing I like to remind students of […]

General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake  —  SoftBank’s retreat from its past investing exuberance continues apace.  This morning, Kahoot, the Norwegian startup that provides …

US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies (Dustin Volz/Wall Street Journal)

Dustin Volz / Wall Street Journal: US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies  —  New effort is part of trend toward putting more resources to target illegal activities involving digital currencies

Sources: UK’s new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm in London, pushing for talks after the Queen’s mourning period (Financial Times)

Financial Times: Sources: UK’s new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm in London, pushing for talks after the Queen’s mourning period  —  UK prime minister to push for talks with Japanese owner of British tech company  —  Prime Minister Liz Truss and chancellor Kwasi Kwarteng …

Source: Meta Chief Product Officer Chris Cox directed the New Product Experimentation division to scale back and focus entirely on short-form video innovation (Casey Newton/Platformer)

Casey Newton / Platformer: Source: Meta Chief Product Officer Chris Cox directed the New Product Experimentation division to scale back and focus entirely on short-form video innovation  —  Facebook’s New Product Experimentation division is scaling back its mission dramatically, Platformer has learned.

Memo to staff: Adam Mosseri says Instagram’s creator surveys show the app lags behind TikTok and YouTube on the most important creator satisfaction dimensions (The Information)

The Information: Memo to staff: Adam Mosseri says Instagram’s creator surveys show the app lags behind TikTok and YouTube on the most important creator satisfaction dimensions  —  For the past couple of years, as Instagram has sought to better compete with TikTok, becoming more appealing to creators has been a top priority.

Chainalysis: emerging markets, led by Vietnam and the Philippines, drove global cryptocurrency adoption over the past year; China remained active despite a ban (Sandali Handagama/CoinDesk)

Sandali Handagama / CoinDesk: Chainalysis: emerging markets, led by Vietnam and the Philippines, drove global cryptocurrency adoption over the past year; China remained active despite a ban  —  The blockchain analytics firm’s 2022 Global Crypto Adoption Index also shows China remains active despite a ban on crypto trading.

French director Marion Siéfert blames Meta’s policies for banning livestreams of her “Instagram play” about teenage sexuality, even though it contains no nudity (Laura Cappelle/New York Times)

Laura Cappelle / New York Times: French director Marion Siéfert blames Meta’s policies for banning livestreams of her “Instagram play” about teenage sexuality, even though it contains no nudity  —  Marion Siéfert’s “_jeanne_dark_,” about a shy teenager beginning to express her sexuality …

Sources: Adobe plans to acquire UI design and prototyping tool Figma, which could be announced as early as today; one source values the deal at $15B (Bloomberg)

Bloomberg: Sources: Adobe plans to acquire UI design and prototyping tool Figma, which could be announced as early as today; one source values the deal at $15B  —  Adobe Inc. is nearing a deal to acquire Figma, a startup that makes online design collaboration tools, people with knowledge of the matter said.

TikTok and ByteDance’s links to China mean wrongdoing will be punished more harshly in the US than Meta and Twitter, no matter how “transparent” the company is (Casey Newton/Platformer)

Casey Newton / Platformer: TikTok and ByteDance’s links to China mean wrongdoing will be punished more harshly in the US than Meta and Twitter, no matter how “transparent” the company is  —  In new testimony to Congress, the company faces stern questions on China  —  Ever since TikTok became …

The economics of missed opportunities

Pharmaceutical companies make some remarkable advances. Could they make significantly more of them? It’s possible, but for that to happen, the industry would likely have to change some of its core habits, according to the research of Danielle Li, an associate professor of economics at the MIT Sloan School of Management. In a recent paper, […]

Intel, Arm, and Nvidia propose a new open, license-free specification with 8-bit floating point, or FP8, precision as a common interchange format for AI (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Intel, Arm, and Nvidia propose a new open, license-free specification with 8-bit floating point, or FP8, precision as a common interchange format for AI  —  In pursuit of faster and more efficient AI system development, Intel, Arm and Nvidia today published a draft specification for what they refer …

Tel Aviv-based Groundcover, a performance monitoring service for cloud apps, raised a $20M Series A led by Zeev Ventures, bringing its total funding to $24.5M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Tel Aviv-based Groundcover, a performance monitoring service for cloud apps, raised a $20M Series A led by Zeev Ventures, bringing its total funding to $24.5M  —  Groundcover, a performance monitoring platform for cloud apps, today announced that it raised $20 million in a Series A round led …

Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode (David Pan/Bloomberg)

David Pan / Bloomberg: Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode  —  Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.

PlayStation VR2 hands-on: easy to set up, a joy to use, the OLED display looks great, refreshed Sense controllers are an improvement, gameplay is fun, and more (The Verge)

The Verge: PlayStation VR2 hands-on: easy to set up, a joy to use, the OLED display looks great, refreshed Sense controllers are an improvement, gameplay is fun, and more  —  And it’s pretty good … Sony’s PlayStation VR2 may not be coming out until next year, but after months of drip-feeding news …

Denmark-based Podimo, a subscription service for podcasts and audiobooks, raised €58.6M led by 83North, Highland, and Saban, bringing its total funding to €162M (Todd Spangler/Variety)

Todd Spangler / Variety: Denmark-based Podimo, a subscription service for podcasts and audiobooks, raised €58.6M led by 83North, Highland, and Saban, bringing its total funding to €162M  —  Listen up: Podimo, the Denmark-based subscription service for podcasts and audiobooks, said it secured €58.6 million …

Sources: after its funds performed poorly, SoftBank considers launching a third Vision Fund; Vision Fund 2 is now worth 19% less than the $49B invested (Wall Street Journal)

Wall Street Journal: Sources: after its funds performed poorly, SoftBank considers launching a third Vision Fund; Vision Fund 2 is now worth 19% less than the $49B invested  —  Despite massive losses, Japanese billionaire Masayoshi Son has tried to chart a new path for the tech investment giant

A lasting — and valuable — legacy

Betar Gallant, MIT associate professor and Class of 1922 Career Development Chair in Mechanical Engineering, grew up in a curious, independently minded family. Her mother had multiple jobs over the years, including in urban planning and in the geospatial field. Her father, although formally trained in English, read textbooks of all kinds from cover to […]

The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license (Brady Dale/Axios)

Brady Dale / Axios: The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license  —  New guidance from the U.S. Treasury Department’s Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash for lawful transactions to […]