Posts by blatcho:

A look at business email compromise scams in the US involving real estate, and the Secret Service team that helped recover $244M in stolen BEC funds since 2019 (Natalie Wong/Bloomberg)

Natalie Wong / Bloomberg: A look at business email compromise scams in the US involving real estate, and the Secret Service team that helped recover $244M in stolen BEC funds since 2019  —  For weeks, the Secret Service agent had been trying to identify the scammers moving millions of stolen dollars through banks around the […]

Q&A with CrowdStrike CEO George Kurtz as the company surpasses $2B in annual revenue and looks to become a bigger player in data observability and IT operations (Kyle Alspach/Protocol)

Kyle Alspach / Protocol: Q&A with CrowdStrike CEO George Kurtz as the company surpasses $2B in annual revenue and looks to become a bigger player in data observability and IT operations  —  CrowdStrike is finding massive traction in areas outside its core endpoint security products, setting up the company to become …

A history of consumer VR since 2012, from the first Oculus developer kit and the 2016 hype cycle to Quest 2, and what mainstream success for VR could look like (Steve Haske/Ars Technica)

Steve Haske / Ars Technica: A history of consumer VR since 2012, from the first Oculus developer kit and the 2016 hype cycle to Quest 2, and what mainstream success for VR could look like  —  VR hasn’t taken over the world, but that doesn’t mean it has failed.  —  Six years ago, consumer virtual […]

An overview of Parag Agrawal’s tenure as Twitter’s CEO so far, as he battles declining business performance and plunging morale amid Elon Musk’s takeover bid (Financial Times)

Financial Times: An overview of Parag Agrawal’s tenure as Twitter’s CEO so far, as he battles declining business performance and plunging morale amid Elon Musk’s takeover bid  —  The tech prodigy’s battles with a mercurial opponent are coming to a head  —  It’s hard to know which part of Parag Agrawal’s job …

SoftBank’s Vision Fund 2 made just one investment in August 2022 and one in September 2022, according to CB Insights, as Masayoshi Son rethinks his strategy (Wataru Suzuki/Nikkei Asia)

Wataru Suzuki / Nikkei Asia: SoftBank’s Vision Fund 2 made just one investment in August 2022 and one in September 2022, according to CB Insights, as Masayoshi Son rethinks his strategy  —  The Vision Fund revolutionized startup investing.  So why is Masayoshi Son rethinking his strategy?

How HBO Max, Prime Video, and other streamers are trying to grow in a crowded market, including, sources say, via discounted bundles and deals with rivals (Wall Street Journal)

Wall Street Journal: How HBO Max, Prime Video, and other streamers are trying to grow in a crowded market, including, sources say, via discounted bundles and deals with rivals  —  In a crowded marketplace, Amazon, HBO Max and other streamers explore discounted packages and partnerships with rivals

FTX partners with Visa to offer debit cards linked to a user’s FTX account in 40 countries, focusing on Latin America, Europe, and Asia, after their US rollout (Kate Rooney/CNBC)

Kate Rooney / CNBC: FTX partners with Visa to offer debit cards linked to a user’s FTX account in 40 countries, focusing on Latin America, Europe, and Asia, after their US rollout  —  – Visa is teaming up with global crypto exchange FTX to offer debit cards in 40 countries with a focus on Latin […]

NYC-based Elpha Secure, which offers SMBs cybersecurity software alongside cyber insurance policies, raised a $20M Series A led by Canapi Ventures (Tim Keary/VentureBeat)

Tim Keary / VentureBeat: NYC-based Elpha Secure, which offers SMBs cybersecurity software alongside cyber insurance policies, raised a $20M Series A led by Canapi Ventures  —  Data breaches aren’t cheap.  If an organization fails to protect its critical data assets, then it can cost millions to repair the damage done.

MIT releases financials and endowment figures for 2022

The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT’s unitized pool of endowment and other MIT funds generated an investment loss of 5.3 percent during the fiscal year ending June 30, 2022, as measured using valuations received within one month of fiscal year end. At the end of the fiscal year, […]

Jiko, a neobank that gives companies “low-cost access” to short-term US Treasury bills, raised a $40M Series B, bringing its total funding to $87.7M (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch: Jiko, a neobank that gives companies “low-cost access” to short-term US Treasury bills, raised a $40M Series B, bringing its total funding to $87.7M  —  Jiko started its life as a mobile bank for consumers.  But over time, the fintech startup has evolved its model …

Samsung details GDDR7, already in production, with speeds up to 36Gbps, doubling GDDR6’s 18Gbps, and plans to release new V-NAND chips with a 230-layer design (Francisco Pires/Tom’s Hardware)

Francisco Pires / Tom’s Hardware: Samsung details GDDR7, already in production, with speeds up to 36Gbps, doubling GDDR6’s 18Gbps, and plans to release new V-NAND chips with a 230-layer design  —  Increasing investments as others tighten their belts  —  Samsung is looking to capitalize on its deep and varied revenue sources …

Sources: Crypto.com saw a 30%-40% reduction in headcount between June and August, with 2,000+ employees leaving the company, mostly due to layoffs (Asa Hiken/Ad Age)

Asa Hiken / Ad Age: Sources: Crypto.com saw a 30%-40% reduction in headcount between June and August, with 2,000+ employees leaving the company, mostly due to layoffs  —  The cryptocurrency exchange has been dramatically downsizing its marketing deals and headcount in the wake of crypto winter  —  May 7 was a joyous day at Crypto.com.

Amazon stops working on Scout, its autonomous home delivery cooler-sized robot in testing since 2019; source: ~400 people were working on the project globally (Bloomberg)

Bloomberg: Amazon stops working on Scout, its autonomous home delivery cooler-sized robot in testing since 2019; source: ~400 people were working on the project globally  —  Amazon.com Inc. is abandoning its home delivery robot, the latest sign that the e-commerce giant is starting to wind down experimental projects amid slowing sales growth.

Pew: 6% of US adults regularly get news on BitChute, Gab, Gettr, Parler, Rumble, Telegram, or Truth Social, but no one site drew over 2% of those seeking news (Tiffany Hsu/New York Times)

Tiffany Hsu / New York Times: Pew: 6% of US adults regularly get news on BitChute, Gab, Gettr, Parler, Rumble, Telegram, or Truth Social, but no one site drew over 2% of those seeking news  —  The appeal of platforms like Parler, Truth Social and Telegram is another symptom of the partisan divide in media, […]

Filing: a judge grants Elon Musk’s request to halt the Twitter trial and says that if the deal doesn’t close by 5pm on October 28, the trial begins in November (Richard Lawler/The Verge)

Richard Lawler / The Verge: Filing: a judge grants Elon Musk’s request to halt the Twitter trial and says that if the deal doesn’t close by 5pm on October 28, the trial begins in November  —  The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk […]

What drives ecosystems to instability?

Trying to decipher all of the factors that influence the behavior of complex ecological communities can be a daunting task. However, MIT researchers have now shown that the behavior of these ecosystems can be predicted based on just two pieces of information: the number of species in the community and how strongly they interact with […]

Global VC funding in Q3 2022 was $81B, down 53% YoY from $171B and 33% QoQ from $121B, the lowest level since $70.6B in Q1 2020 (Gené Teare/Crunchbase News)

Gené Teare / Crunchbase News: Global VC funding in Q3 2022 was $81B, down 53% YoY from $171B and 33% QoQ from $121B, the lowest level since $70.6B in Q1 2020  —  The big global venture capital pullback we were all expecting is truly here.  —  Venture and growth investors in private companies scaled …

Minnesota-based Arctic Wolf, which offers cybersecurity tools and on-site experts, raised $401M in debt, after raising $150M at a $4.3B valuation in July 2021 (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Minnesota-based Arctic Wolf, which offers cybersecurity tools and on-site experts, raised $401M in debt, after raising $150M at a $4.3B valuation in July 2021  —  In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million …

Amazon plans to hire 150,000 seasonal workers, the same as in 2021, ahead of the holidays; Walmart plans to hire 40,000, down from 150,000 in 2021 (Bloomberg)

Bloomberg: Amazon plans to hire 150,000 seasonal workers, the same as in 2021, ahead of the holidays; Walmart plans to hire 40,000, down from 150,000 in 2021  —  Amazon.com Inc. plans to hire 150,000 seasonal workers, about the same as last year despite slowing sales and predictions of a lackluster holiday shopping season.

Simulating neutron behavior in nuclear reactors

Amelia Trainer applied to MIT because she lost a bet. As part of what the fourth-year nuclear science and engineering (NSE) doctoral student labels her “teenage rebellious phase,” Trainer was quite convinced she would just be wasting the application fee were she to submit an application. She wasn’t even “super sure” she wanted to go […]