Posts by blatcho:

Accenture plans to lay off 19,000 employees, or 2.5% of its workforce, and lowers its annual forecasts, as the global economic slowdown weighs on IT services (Chavi Mehta/Reuters)

Chavi Mehta / Reuters: Accenture plans to lay off 19,000 employees, or 2.5% of its workforce, and lowers its annual forecasts, as the global economic slowdown weighs on IT services  —  Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections …

South Korea-based luxury goods resale platform Kream raised a ~$168M Series C led by Altos Ventures at a ~$742M valuation, up from ~$306M in October 2021 (Kate Park/TechCrunch)

Kate Park / TechCrunch: South Korea-based luxury goods resale platform Kream raised a ~$168M Series C led by Altos Ventures at a ~$742M valuation, up from ~$306M in October 2021  —  The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money.

Sources: Apple considers bidding for the streaming rights to a range of English soccer games, including showing Premier League games in the UK, following Amazon (Giles Turner/Bloomberg)

Giles Turner / Bloomberg: Sources: Apple considers bidding for the streaming rights to a range of English soccer games, including showing Premier League games in the UK, following Amazon  —  Apple Inc. is considering bidding for the streaming rights to a range of English football games, according to people familiar …

Giving refugees design education — and newfound hope

They come by foot and by boat. Desperate, many bring nothing more than the clothes on their backs. They seek asylum and hope. Since 2015, more than a million refugees have flooded into Greece. Syrians, Afghanis, Iraqis, and Kurds, they’ve been uprooted from their home countries by violence and oppression. Political gridlock traps them in […]

Coinbase says it received an SEC notice warning the company of potential US securities law violations and recommending that the SEC take an enforcement action (CNBC)

CNBC: Coinbase says it received an SEC notice warning the company of potential US securities law violations and recommending that the SEC take an enforcement action  —  – The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.

Poll of 1,027 US adults: 41% support a TikTok ban, 25% oppose it, and 71% are concerned that ByteDance is based in China; 17% of US daily users support a ban (Washington Post)

Washington Post: Poll of 1,027 US adults: 41% support a TikTok ban, 25% oppose it, and 71% are concerned that ByteDance is based in China; 17% of US daily users support a ban  —  As D.C. pushes for action against TikTok, a Washington Post poll finds more support than oppose banning the app

The US SEC charges Lindsay Lohan, Jake Paul, Akon, and other celebrities for promoting crypto tokens TRX and BTT without disclosing that they were compensated (CNBC)

CNBC: The US SEC charges Lindsay Lohan, Jake Paul, Akon, and other celebrities for promoting crypto tokens TRX and BTT without disclosing that they were compensated  —  – The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while also charging celebrity backers including Jake Paul and Lindsay Lohan.

Helping the cause of environmental resilience

Haruko Wainwright, the Norman C. Rasmussen Career Development Professor in Nuclear Science and Engineering (NSE) and assistant professor in civil and environmental engineering at MIT, grew up in rural Japan, where many nuclear facilities are located. She remembers worrying about the facilities as a child. Wainwright was only 6 at the time of the Chernobyl […]

A look at Balaji Srinivasan’s proposed $1M bitcoin bet, predicting one BTC will be worth $1M+ in 90 days, which makes little sense besides attracting attention (Matt Levine/Bloomberg)

Matt Levine / Bloomberg: A look at Balaji Srinivasan’s proposed $1M bitcoin bet, predicting one BTC will be worth $1M+ in 90 days, which makes little sense besides attracting attention  —  Credit Suisse  —  It is sometimes useful to think that the shareholders of a bank are not its owners; they are just renting it […]

Inside TSMC’s facilities in Taiwan, where Fab 18 makes a quintillion transistors for Apple every six months, and an interview with Chairman Mark Liu (Virginia Heffernan/Wired)

Virginia Heffernan / Wired: Inside TSMC’s facilities in Taiwan, where Fab 18 makes a quintillion transistors for Apple every six months, and an interview with Chairman Mark Liu  —  As the US boosts production of silicon chips, an American journalist goes inside TSMC, the mysterious Taiwanese company at the center of the global industry.

The US will find banning TikTok difficult due to its massive userbase, political ramifications, possible alienation of young voters, legal challenges, and more (New York Times)

New York Times: The US will find banning TikTok difficult due to its massive userbase, political ramifications, possible alienation of young voters, legal challenges, and more  —  The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.

Bob Metcalfe ’68 wins $1 million Turing Award

Robert “Bob” Metcalfe ’68, an MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) research affiliate and MIT Corporation life member emeritus, has been awarded the Association for Computing Machinery (ACM) A.M. Turing Award for his invention of Ethernet. Often referred to as the “Nobel Prize of computing,” the award comes with a $1 million prize […]

Learning to grow machine-learning models

It’s no secret that OpenAI’s ChatGPT has some incredible capabilities — for instance, the chatbot can write poetry that resembles Shakespearean sonnets or debug code for a computer program. These abilities are made possible by the massive machine-learning model that ChatGPT is built upon. Researchers have found that when these types of models become large […]

Data leak site BreachForums says it plans to shut down following the arrest of alleged operator “Pompompurin” due to fear law enforcement has backdoor access (Jonathan Greig/The Record)

Jonathan Greig / The Record: Data leak site BreachForums says it plans to shut down following the arrest of alleged operator “Pompompurin” due to fear law enforcement has backdoor access  —  In an abrupt about-face, the new administrator of popular cybercriminal platform BreachForums said they plan to shut …

GP Bullhound: European tech startups raised €30.5B in debt in 2022, up from €15.9B in 2021, as the global tech slump made raising new equity more difficult (Mark Bergen/Bloomberg)

Mark Bergen / Bloomberg: GP Bullhound: European tech startups raised €30.5B in debt in 2022, up from €15.9B in 2021, as the global tech slump made raising new equity more difficult  —  European technology startups nearly doubled the amount of debt they took on last year, exposing them to the turmoil …

Instagram is testing ads in search results, with plans for a global rollout in the coming months, and launches Reminder Ads, for opt-in reminders about events (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch: Instagram is testing ads in search results, with plans for a global rollout in the coming months, and launches Reminder Ads, for opt-in reminders about events  —  Meta is introducing two new tools on Instagram designed to open up additional avenues for advertising as the company grapples with weak advertising demand.

MIT-led teams win National Science Foundation grants to research sustainable materials

Three MIT-led teams are among 16 nationwide to receive funding awards to address sustainable materials for global challenges through the National Science Foundation’s Convergence Accelerator program. Launched in 2019, the program targets solutions to especially compelling societal or scientific challenges at an accelerated pace, by incorporating a multidisciplinary research approach. “Solutions for today’s national-scale societal […]

A glimpse inside Intel

Intel CEO Pat Gelsinger gave an optimistic account of U.S. semiconductor manufacturing on Friday, telling an MIT audience that the ongoing expansion of his firm’s production capacity would bolster the company over the long term while giving the U.S. more economic and industrial security. “Everything digital runs on semiconductors,” Gelsinger said. “There is no digital […]

A year after its Staten Island win, the Amazon Labor Union has endured setbacks and conflicts, including between president Chris Smalls and longtime organizers (Noam Scheiber/New York Times)

Noam Scheiber / New York Times: A year after its Staten Island win, the Amazon Labor Union has endured setbacks and conflicts, including between president Chris Smalls and longtime organizers  —  Nearly a year after its victory on Staten Island, the Amazon Labor Union is grappling with election losses and internal conflict.

TikTok refreshes its Community Guidelines, expanding a section to cover “synthetic and manipulated media”, or deepfakes, as pressure from the US increases (James Vincent/The Verge)

James Vincent / The Verge: TikTok refreshes its Community Guidelines, expanding a section to cover “synthetic and manipulated media”, or deepfakes, as pressure from the US increases  —  As the prospect of a US TikTok ban continues to grow, the video app has refreshed its content moderation policies.

Sources: Apple lobbied for changes to India’s labor law in the Tamil Nadu state, where Foxconn has its largest iPhone plant, to help expand local production (Sankalp Phartiyal/Bloomberg)

Sankalp Phartiyal / Bloomberg: Sources: Apple lobbied for changes to India’s labor law in the Tamil Nadu state, where Foxconn has its largest iPhone plant, to help expand local production  —  Apple Inc. is seeking changes in India’s labor laws as part of its effort to expand local production, and regional governments …