BlockSec: a buggy smart contract on Mirror Protocol, a Terra DeFi app for betting on stocks using synthetic assets, was exploited for ~$90M over seven months (Vishal Chawla/The Block)

Vishal Chawla / The Block: BlockSec: a buggy smart contract on Mirror Protocol, a Terra DeFi app for betting on stocks using synthetic assets, was exploited for ~$90M over seven months  —  Quick Take  — The exploit was accidentally discovered by a Terra community member last week.  — It has been confirmed by security analysts […]

How Do Your Own Research (DYOR) has spread throughout crypto and online conspiracy communities, signaling a rejection of authority and an appeal to join in (John Herrman/New York Times)

John Herrman / New York Times: How Do Your Own Research (DYOR) has spread throughout crypto and online conspiracy communities, signaling a rejection of authority and an appeal to join in  —  In spheres as disparate as medicine and cryptocurrencies, “do your own research,” or DYOR, can quickly shift from rallying cry to scold.

Report: Google, Bing, and YouTube regularly return Chinese state media content in the top US results on China’s human-rights record and the origins of COVID-19 (Karen Hao/Wall Street Journal)

Karen Hao / Wall Street Journal: Report: Google, Bing, and YouTube regularly return Chinese state media content in the top US results on China’s human-rights record and the origins of COVID-19  —  On issues important to Beijing, official Chinese sources also enjoy strong placement on YouTube and other widely used U.S. services, a new report […]

Indonesia’s GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO (Bloomberg)

Bloomberg: Indonesia’s GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO  —  GoTo Group posted about 53% gross revenue growth in its first quarterly report as a public company, accelerating from the 2021 pace and highlighting the rapid expansion of Indonesia’s tech […]

Top500: the US’ AMD-powered Frontier supercomputer becomes the fastest in the world, topping 1.102 exaflops/second, overtaking Japan’s Fugaku by a wide margin (Paul Alcorn/Tom’s Hardware)

Paul Alcorn / Tom’s Hardware: Top500: the US’ AMD-powered Frontier supercomputer becomes the fastest in the world, topping 1.102 exaflops/second, overtaking Japan’s Fugaku by a wide margin  —  AMD-powered systems now comprise five of the top ten fastest supercomputers  —  The AMD-powered Frontier supercomputer …

Sources: India-based short video app ShareChat’s parent company Mohalla Tech raises ~$300M from Google, Times Group, and Temasek Holdings at a ~$5B valuation (Munsif Vengattil/Reuters)

Munsif Vengattil / Reuters: Sources: India-based short video app ShareChat’s parent company Mohalla Tech raises ~$300M from Google, Times Group, and Temasek Holdings at a ~$5B valuation  —  The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s (GOOGL.O) Google …

Latest AICO Act revisions are carveouts for telcos and financial companies and do not fix real problems with the bill, like a disguised content moderation ban (Mike Masnick/Techdirt)

Mike Masnick / Techdirt: Latest AICO Act revisions are carveouts for telcos and financial companies and do not fix real problems with the bill, like a disguised content moderation ban  —  Look: there are very real issues with the state of the internet today, including the amount of power a few companies have.

Nansen: TerraUSD collapse wasn’t the work of a single attacker but likely the result of investment decisions from a small number of large UST holders (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg: Nansen: TerraUSD collapse wasn’t the work of a single attacker but likely the result of investment decisions from a small number of large UST holders  —  The collapse of the TerraUSD (UST) stablecoin that sent shockwaves throughout the crypto ecosystem can’t be attributed to a single attacker, according to researcher Nansen.

As Terra blockchain reboots, freshly minted new LUNA tokens started trading on a number of exchanges and swiftly plummeted about 70% from the opening price (Sujith Somraaj/Decrypt)

Sujith Somraaj / Decrypt: As Terra blockchain reboots, freshly minted new LUNA tokens started trading on a number of exchanges and swiftly plummeted about 70% from the opening price  —  After peaking at $19.54 earlier on Saturday, it’s been mostly downhill.  —  Terraform Labs early Saturday launched a new version …

Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO had switched his focus to software amid regulatory headwinds for semiconductor deals (Financial Times)

Financial Times: Sources: the Broadcom-VMware deal happened within two weeks; Broadcom CEO had switched his focus to software amid regulatory headwinds for semiconductor deals  —  Hock Tan and Michael Dell agreed industry-defining deal, codenamed ‘Project Atlas,’ within two weeks

Interview with Ted Sarandos about Netflix’s recent share price plunge, backing Dave Chappelle’s latest comedy special, Hollywood schadenfreude, and more (Maureen Dowd/New York Times)

Maureen Dowd / New York Times: Interview with Ted Sarandos about Netflix’s recent share price plunge, backing Dave Chappelle’s latest comedy special, Hollywood schadenfreude, and more  —  The Netflix executive says he — and the company he helped build — will survive a bout of bad earnings numbers.  — Give this article- – – Read […]

A profile of inDriver, a ride-hailing app developed in Siberia in 2012, which lets riders and drivers haggle over prices and is now available in 42 countries (Leonid Ragozin/Rest of World)

Leonid Ragozin / Rest of World: A profile of inDriver, a ride-hailing app developed in Siberia in 2012, which lets riders and drivers haggle over prices and is now available in 42 countries  —  InDriver’s unique haggling feature has seen it expand from its roots in Yakutia to markets around the world.  —  • YAKUTSK, […]

Proctoring software like Honorlock that track students’ movements during online exams to prevent cheating are criticized for allegedly flagging normal behavior (Kashmir Hill/New York Times)

Kashmir Hill / New York Times: Proctoring software like Honorlock that track students’ movements during online exams to prevent cheating are criticized for allegedly flagging normal behavior  —  An unsettling glimpse at the digitization of education.  — Give this article- – – Read in app

China’s iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending (Iris Deng/South China Morning Post)

Iris Deng / South China Morning Post: China’s iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending  —  The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) …

Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global  —  E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years …

CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple’s “sophisticated campaign to intimidate” and COVID-19 (Josh Eidelson/Bloomberg)

Josh Eidelson / Bloomberg: CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple’s “sophisticated campaign to intimidate” and COVID-19  —  The labor group trying to organize Apple Inc. employees at an Atlanta store is withdrawing its request for an election …

Layoffs.fyi data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna (Michelle Ma/Protocol)

Michelle Ma / Protocol: Layoffs.fyi data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna  —  What goes up must come down.  —  High-flying startups with record valuations, huge hiring goals and ambitious expansion plans …

New gels could help the medicine go down

For most children and even some adults, swallowing pills or tablets is difficult. To make it easier to give those medicines, researchers at MIT and Brigham and Women’s Hospital have created a drug-delivering gel that is much easier to swallow and could be used to administer a variety of different kinds of drugs. The gels, […]

Chancellor Melissa Nobles’ address to MIT seniors

Below is the text of Chancellor Melissa Nobles’ Commencement remarks, as prepared for delivery today. Thank you, President Reif. And good afternoon everyone! It is wonderful to have the chance to say few words of admiration, gratitude, and, above all, congratulations to our Class of 2022 graduates, and to the family, loved ones, and friends […]

“The world needs your smarts, your skills,” Ngozi Okonjo-Iweala tells MIT’s Class of 2022

On a clear warm day, the MIT graduating class of 2022 gathered in Killian Court for the first in-person commencement exercises in three years, after two years of online ceremonies due to the Covid-19 pandemic. Ngozi Okonjo-Iweala MCP ’78, PhD ’81, director-general of the World Trade Organization, delivered the Commencement address, stressing the global need […]