Posts by blatcho:

The UK CMA finds Microsoft’s proposed $69B Activision Blizzard acquisition will harm competition in the UK’s gaming market and asks Microsoft for remedies (Katharine Gemmell/Bloomberg)

Katharine Gemmell / Bloomberg: The UK CMA finds Microsoft’s proposed $69B Activision Blizzard acquisition will harm competition in the UK’s gaming market and asks Microsoft for remedies  —  Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. will harm competition in the UK gaming market, Britain’s antitrust watchdog has provisionally found.

Uber reports Q4 revenue up 49% YoY to $8.6B, gross bookings rose 19% YOY to $30.7B, and a record 2.1B customer trips, up 19% YoY; UBER jumps 7%+ pre-market (Kellen Browning/New York Times)

Kellen Browning / New York Times: Uber reports Q4 revenue up 49% YoY to $8.6B, gross bookings rose 19% YOY to $30.7B, and a record 2.1B customer trips, up 19% YoY; UBER jumps 7%+ pre-market  —  The company, which was hit hard in the early stages of the pandemic, saw revenue jump 49 percent from […]

A look at India’s pilots for a retail and wholesale CBDC, planned for a national launch by the end of 2023, and differentiating the project from the UPI system (Amitoj Singh/CoinDesk)

Amitoj Singh / CoinDesk: A look at India’s pilots for a retail and wholesale CBDC, planned for a national launch by the end of 2023, and differentiating the project from the UPI system  —  India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.  —  Join the most important conversation in […]

Inside two MIT students’ historic BattleBots runs

First, there was music. Then lights began sweeping the smokey arena. The cage came alive with rotating steel blades and fire pits. The crowd grew hysterical in anticipation of the coming destruction. Such was the scene of the momentous championship match in the last season of BattleBots, a popular, long-running show that pits 250-pound robots […]

Study: Preschool gives a big boost to college attendance

Attending preschool at age 4 makes children significantly more likely to go to college, according to an empirical study led by an MIT economist. The study examines children who attended public preschools in Boston from 1997 to 2003. It finds that among students of similar backgrounds, attendance at a public preschool raised “on-time” college enrollment […]

Magic, which is developing a code-generating tool similar to GitHub’s Copilot, raised a $23M Series A led by Alphabet’s CapitalG (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Magic, which is developing a code-generating tool similar to GitHub’s Copilot, raised a $23M Series A led by Alphabet’s CapitalG  —  Magic, a startup developing a code-generating platform similar to GitHub’s Copilot, today announced that it raised $23 million in a Series A funding round led …

Filing: eBay plans to lay off ~500 employees, ~4% of its total workforce, to create space to invest in “new technologies, customer innovations, and key markets” (Reuters)

Reuters: Filing: eBay plans to lay off ~500 employees, ~4% of its total workforce, to create space to invest in “new technologies, customer innovations, and key markets”  —  E-commerce firm eBay Inc (EBAY.O) said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.

Source: Microsoft plans to release software to help large companies create and customize their own chatbots using ChatGPT technology later this year (Jordan Novet/CNBC)

Jordan Novet / CNBC: Source: Microsoft plans to release software to help large companies create and customize their own chatbots using ChatGPT technology later this year  —  – Microsoft plans to release technology to help big companies launch their own chatbots using the OpenAI ChatGPT technology, a person familiar with the plans told CNBC.

The LockBit ransomware gang claims responsibility for an attack on the UK’s Royal Mail that halted international shipping, contradicting an earlier statement (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: The LockBit ransomware gang claims responsibility for an attack on the UK’s Royal Mail that halted international shipping, contradicting an earlier statement  —  The LockBit ransomware operation has claimed the cyberattack on UK’s leading mail delivery service Royal Mail that forced the company …

Research: Australian startups raised AU$7.4B across 712 deals in 2022, down from AU$10.6B across 731 deals in 2021, as six startups hit unicorn status (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg: Research: Australian startups raised AU$7.4B across 712 deals in 2022, down from AU$10.6B across 731 deals in 2021, as six startups hit unicorn status  —  Venture-capital investments in Australia plunged by about a third in 2022, following the lead of listed global technology companies and venture markets.

How AI de-aging VFX are increasingly used on actors, including Harrison Ford in the new Indiana Jones movie, and the possible impact on Hollywood’s economics (David Smith/The Guardian)

David Smith / The Guardian: How AI de-aging VFX are increasingly used on actors, including Harrison Ford in the new Indiana Jones movie, and the possible impact on Hollywood’s economics  —  Stars like Tom Hanks and Harrison Ford are being rendered younger digitally but voices in the industry express concern about where we might be […]

MIT Press announces new initiative to increase the reach of academic scholarship

In keeping with its mission and longstanding commitment to increase access to scholarship, the MIT Press is pleased to announce shift+OPEN. This new initiative is designed to flip existing subscription-based journals to a diamond open access publishing model. Shift+OPEN is generously supported by the Arcadia Fund. The MIT Press welcomes submissions for English-language journals in […]

Solving a machine-learning mystery

Large language models like OpenAI’s GPT-3 are massive neural networks that can generate human-like text, from poetry to programming code. Trained using troves of internet data, these machine-learning models take a small bit of input text and then predict the text that is likely to come next. But that’s not all these models can do. […]

Gemini will contribute up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals (CNBC)

CNBC: Gemini will contribute up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals  —  – Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.

Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, and global MAUs up 4% YoY to 450M; stock drops 10%+ on a weak Q1 forecast (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, and global MAUs up 4% YoY to 450M; stock drops 10%+ on a weak Q1 forecast  —  – Pinterest said it expects sales in the first quarter to increase in the “low single digits” from a […]

Internal doc: just ~180K US users paid for Twitter subscriptions like Blue as of mid-January, implying annual revenue from subscriptions globally of around $28M (Erin Woo/The Information)

Erin Woo / The Information: Internal doc: just ~180K US users paid for Twitter subscriptions like Blue as of mid-January, implying annual revenue from subscriptions globally of around $28M  —  Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January …

A profile of Sam Bankman-Fried’s psychiatrist Dr. George Lerner, hired as a coach at FTX in early 2022, as prosecutors seek his communications with executives (Wall Street Journal)

Wall Street Journal: A profile of Sam Bankman-Fried’s psychiatrist Dr. George Lerner, hired as a coach at FTX in early 2022, as prosecutors seek his communications with executives  —  Hired as a coach at the Bahamas-based company, George Lerner was there for its dramatic downfall

Google, Microsoft, and Amazon pursuing investments and deals with generative AI startups, incentivizing use of their cloud services, raises regulatory concerns (Madhumita Murgia/Financial Times)

Madhumita Murgia / Financial Times: Google, Microsoft, and Amazon pursuing investments and deals with generative AI startups, incentivizing use of their cloud services, raises regulatory concerns  —  Deals between Google, Microsoft and Amazon and ‘generative AI’ start-ups raise competition concerns

JD.com, China Mobile, and other Chinese retailers are discounting iPhone 14 models by over $100, an unusually steep price cut that suggests dwindling demand (Bloomberg)

Bloomberg: JD.com, China Mobile, and other Chinese retailers are discounting iPhone 14 models by over $100, an unusually steep price cut that suggests dwindling demand  —  Apple Inc.’s latest iPhones are selling at discounts of more than $100 in China, an unusually steep price cut just months after launch …