Posts by blatcho:

Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments (David Pan/Bloomberg)

David Pan / Bloomberg: Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments  —  The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …

Israel-based Pliops, which makes chips for data centers that boost the performance of databases and other apps that run on flash memory, raised a $100M Series D (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Israel-based Pliops, which makes chips for data centers that boost the performance of databases and other apps that run on flash memory, raised a $100M Series D  —  Analyzing data generated within the enterprise — for example, sales and purchasing data — can lead to insights that improve operations.

Sources: for years, the SEC and CFTC were hindered by banks’ usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total (Bloomberg)

Bloomberg: Sources: for years, the SEC and CFTC were hindered by banks’ usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total  —  Record fines that the world’s biggest investment banks are expected to pay in the coming months reflect years of frustration among US regulators …

Oracle begins “regular vetting and validation” of TikTok’s algorithms and content moderation models to ensure they aren’t manipulated by Chinese authorities (Sara Fischer/Axios)

Sara Fischer / Axios: Oracle begins “regular vetting and validation” of TikTok’s algorithms and content moderation models to ensure they aren’t manipulated by Chinese authorities  —  Oracle has begun vetting TikTok’s algorithms and content moderation models to ensure they aren’t manipulated by Chinese authorities, Axios has learned.

Analysis: Fidelity cut its estimate for Ant Group’s valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant’s failed IPO in 2020 (Lulu Yilun Chen/Bloomberg)

Lulu Yilun Chen / Bloomberg: Analysis: Fidelity cut its estimate for Ant Group’s valuation to $70B at the end of May, down from $78B in June 2021 and $235B before Ant’s failed IPO in 2020  —  Fintech giant Ant Group Co.’s valuation was trimmed again by global investors who bought private shares ahead of its […]

Tel Aviv-based Guesty, a property management service for short-term rentals, raised a $170M Series E led by Apax Digital, MSD Partners, and Sixth Street Growth (Globes Online)

Globes Online: Tel Aviv-based Guesty, a property management service for short-term rentals, raised a $170M Series E led by Apax Digital, MSD Partners, and Sixth Street Growth  —  The Tel Aviv-based property management platform for the short-term rental and hospitality industry has tripled its valuation since last year.

Fighting poverty with direct cash payments

What’s the best way to help someone living in extreme poverty? Some might say improved access to food while others might focus on health care or education. All are worthy causes, but the truth is that the needs of people in extreme poverty vary. Walk through a slum in Kenya, for instance, and you might […]

Filing: Elliott Management sold all of its 10M shares in Twitter in Q2 amid Musk’s takeover bid; the hedge fund had no common stock in Twitter as of June 30 (Antoine Gara/Financial Times)

Antoine Gara / Financial Times: Filing: Elliott Management sold all of its 10M shares in Twitter in Q2 amid Musk’s takeover bid; the hedge fund had no common stock in Twitter as of June 30  —  Activist investor held 10mn shares as they rallied on news of Tesla founder’s $44bn takeover  —  The activist hedge […]

Sources: Apple sets a return-to-office deadline of September 5, for Tuesdays, Thursdays, and a regular third day that will be determined by individual teams (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple sets a return-to-office deadline of September 5, for Tuesdays, Thursdays, and a regular third day that will be determined by individual teams  —  Apple Inc. has set a Sept. 5 deadline for corporate employees to be in the office at least three days a week after delaying …

A judge orders Twitter to give Elon Musk documents from a former Twitter executive Musk said was a key witness but denies Musk’s similar request for 21 others (Bloomberg)

Bloomberg: A judge orders Twitter to give Elon Musk documents from a former Twitter executive Musk said was a key witness but denies Musk’s similar request for 21 others  —  Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire …

Living LEGOs

LEGO blocks can be manually attached to each other in certain prescribed ways to create complex structures. What if we could engineer living LEGO-like structures that can self-replicate and move around, and can be programmed to grow and self-assemble into any desired target shape? An interdisciplinary research team, led by MIT professor Jörn Dunkel and […]

Amy Keating named head of the Department of Biology

Amy E. Keating, the Jay A. Stein Professor of Biology and a professor of biological engineering, has been named head of the Department of Biology, effective today. She succeeds Alan Grossman, the Praecis Professor of Biology at MIT, who led the department since 2014. “Professor Keating is a leading researcher in her field, employing computational […]

Meta focusing on Europe makes sense for three reasons: raising ARPU in the region to US levels, facing off regulatory headwinds, and attracting cheaper talent (Alex Webb/Bloomberg)

Alex Webb / Bloomberg: Meta focusing on Europe makes sense for three reasons: raising ARPU in the region to US levels, facing off regulatory headwinds, and attracting cheaper talent  —  A sizable chunk of the executive team at Meta Platforms Inc.—Facebook, to you and me—is decamping to London.

A “jailbreak” for John Deere tractors, helping farmers modify and repair them, highlights issues with securing farm equipment and the right-to-repair debate (Lily Hay Newman/Wired)

Lily Hay Newman / Wired: A “jailbreak” for John Deere tractors, helping farmers modify and repair them, highlights issues with securing farm equipment and the right-to-repair debate  —  A hacker has formulated an exploit that provides root access to two popular models of the company’s farm equipment.

Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements (Lucy Harley-McKeown/The Block)

Lucy Harley-McKeown / The Block: Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements  —  – Galaxy Digital announced on Monday that it would terminate its deal with crypto custodian BitGo, which had been announced in May 2021.

Sources: Apple ads team lead Todd Teresi is now reporting directly to Eddy Cue and wants to increase the group’s ad revenues from $4B a year to double digits (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple ads team lead Todd Teresi is now reporting directly to Eddy Cue and wants to increase the group’s ad revenues from $4B a year to double digits  —  Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue […]

A look at the growing bipartisan scrutiny of TikTok in the US; email: House officials told staff they did not recommend using the app, citing security concerns (David McCabe/New York Times)

David McCabe / New York Times: A look at the growing bipartisan scrutiny of TikTok in the US; email: House officials told staff they did not recommend using the app, citing security concerns  —  National security concerns over the Chinese-owned viral video app remain unresolved.  Lawmakers and regulators are increasingly pushing for action.

New York City-based Kumospace, which offers video chat and remote work tools with a “virtual office” feel, has raised a $21M Series A led by Lightspeed (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: New York City-based Kumospace, which offers video chat and remote work tools with a “virtual office” feel, has raised a $21M Series A led by Lightspeed  —  After more than two years of remote work, many employees have no interest in returning to the office — at least not without good […]

Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China’s efforts to fight COVID-19 (Cissy Zhou/Nikkei Asia)

Cissy Zhou / Nikkei Asia: Source: China has blocked Tencent-backed health platform DXY from posting on Weibo, WeChat, and Douyin amid its criticism of China’s efforts to fight COVID-19  —  Dingxiang Yuan posted articles debunking use of traditional medicine for virus  —  HONG KONG — China has suspended …

A profile of COO Javier Olivan, who has become Meta’s “unofficial fixer” and has had a hand in all of the company’s major competitive battles and acquisitions (Kurt Wagner/Bloomberg)

Kurt Wagner / Bloomberg: A profile of COO Javier Olivan, who has become Meta’s “unofficial fixer” and has had a hand in all of the company’s major competitive battles and acquisitions  —  In 2008, Facebook was offered only in English—and struggling to expand internationally.

D-Wave completed its planned SPAC merger last week, the third quantum computing startup, after Rigetti and IonQ, to go public via SPAC within the last year (Mark Sullivan/Fast Company)

Mark Sullivan / Fast Company: D-Wave completed its planned SPAC merger last week, the third quantum computing startup, after Rigetti and IonQ, to go public via SPAC within the last year  —  Yet another quantum computing company has gone public via SPAC.  —  D-Wave completed a planned merger on Monday with DPCM Capital …

Power, laws, and planning

Think about almost any locale where people live: Why does it have its current built form? Why do people reside where they do? No doubt there are quirks of geography or history involved. But places are also shaped by money, politics, and the law — in short, by power. Studying those issues is the work […]

China’s internet watchdog publishes a list of 30 algorithms used in popular apps, including Wechat, Taobao, and Douyin, with brief descriptions of their use (Reuters)

Reuters: China’s internet watchdog publishes a list of 30 algorithms used in popular apps, including Wechat, Taobao, and Douyin, with brief descriptions of their use  —  China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details …

Overtime, which distributes original sports content on social media channels, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M (Chris Metinko/Crunchbase News)

Chris Metinko / Crunchbase News: Overtime, which distributes original sports content on social media channels, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M  —  Sports league startup Overtime closed a $100 million Series D valuing the company at $500 million.