A look at Indexed Finance’s legal fight with a Canadian teenager who exploited the DeFi platform for $16M, which is raising several tricky legal questions (Christopher Beam/Bloomberg)

Christopher Beam / Bloomberg: A look at Indexed Finance’s legal fight with a Canadian teenager who exploited the DeFi platform for $16M, which is raising several tricky legal questions  —  On Oct. 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when […]

Heartex, an AI-focused data labeling and annotation service, raises a $25M Series A led by Redpoint Ventures, bringing its total funding to $30M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Heartex, an AI-focused data labeling and annotation service, raises a $25M Series A led by Redpoint Ventures, bringing its total funding to $30M  —  Heartex, a startup that bills itself as an “open source” platform for data labeling, today announced that it landed $25 million in a Series A funding round […]

Report: EA is looking to sell or merge its business; sources say EA has held talks with Disney, Apple, Amazon, and NBCUniversal (Ethan Gach/Kotaku)

Ethan Gach / Kotaku: Report: EA is looking to sell or merge its business; sources say EA has held talks with Disney, Apple, Amazon, and NBCUniversal  —  The Madden and Apex Legends publisher is apparently looking for a way out  —  Alerts  —  The video game market is consolidating like never before, and Electronic Arts […]

Dutch e-commerce company Prosus says it is exiting Russia and is looking to sell Avito, its classifieds ads business in the country valued at an estimated $6B (Loni Prinsloo/Bloomberg)

Loni Prinsloo / Bloomberg: Dutch e-commerce company Prosus says it is exiting Russia and is looking to sell Avito, its classifieds ads business in the country valued at an estimated $6B  —  Prosus NV is looking to sell its Russian classifieds ads business Avito, the latest international company to dispose of assets …

Singapore-based online fashion marketplace Zilingo fires CEO Ankiti Bose after a probe found “serious financial irregularities”; Bose was suspended in April (Reuters)

Reuters: Singapore-based online fashion marketplace Zilingo fires CEO Ankiti Bose after a probe found “serious financial irregularities”; Bose was suspended in April  —  Singapore-based Zilingo said on Friday it had fired Chief Executive Ankiti Bose after an independent investigation …

MIT J-WAFS announces 2022 seed grant recipients

The Abdul Latif Jameel Water and Food Systems Lab (J-WAFS) at MIT has awarded eight MIT principal investigators with 2022 J-WAFS seed grants. The grants support innovative MIT research that has the potential to have significant impact on water- and food-related challenges. The only program at MIT that is dedicated to water- and food-related research, […]

Researchers unveil a secret of stronger metals

Forming metal into the shapes needed for various purposes can be done in many ways, including casting, machining, rolling, and forging. These processes affect the sizes and shapes of the tiny crystalline grains that make up the bulk metal, whether it be steel, aluminum or other widely used metals and alloys. Now researchers at MIT […]

Koo, an app touted as India’s answer to Twitter, has self-verification features that Elon Musk may want but shows risks of handing over data to the government (Nilesh Christopher/Rest of World)

Nilesh Christopher / Rest of World: Koo, an app touted as India’s answer to Twitter, has self-verification features that Elon Musk may want but shows risks of handing over data to the government  —  “Already doing what Elon Musk wants to do is such a high,” co-founder of Koo, Aprameya Radhakrishna, posted on Twitter.  —  […]

In its annual diversity report, Google saw its “largest increases in representation of Black and Latinx Googlers in the US” at 20% YoY and 8% YoY, respectively (Jay Peters/The Verge)

Jay Peters / The Verge: In its annual diversity report, Google saw its “largest increases in representation of Black and Latinx Googlers in the US” at 20% YoY and 8% YoY, respectively  —  Its US workforce is still two-thirds men  —  Google has released its annual diversity report …

Qualcomm unveils the Snapdragon 8 Plus Gen 1, says it will offer 10% faster CPU performance, 10% faster GPU clocks, and have up to 30% better power efficiency (Sean Hollister/The Verge)

Sean Hollister / The Verge: Qualcomm unveils the Snapdragon 8 Plus Gen 1, says it will offer 10% faster CPU performance, 10% faster GPU clocks, and have up to 30% better power efficiency  —  Bragging rights (and battery life?) for gaming phones  —  Qualcomm’s Snapdragon 8 Gen 1 set the stage for the biggest Android […]

Expanding energy access in rural Lesotho

Matt Orosz’s mission for the last 20 years can be explained with a single picture: a satellite image of the world at night, with major cities blazing with light and large swaths of land shrouded in darkness. The image reminds Orosz SM ’03, SM ’06, PhD ’12 of what he’s trying to change. Orosz is […]

Analysis: insurers significantly raised cyber coverage premiums in 2021, after high profile hacks; direct-written premiums by the largest insurers rose 92% YoY (Wall Street Journal)

Wall Street Journal: Analysis: insurers significantly raised cyber coverage premiums in 2021, after high profile hacks; direct-written premiums by the largest insurers rose 92% YoY  —  Insurance market resets after a ransomware boom and the threat of spillover from Ukraine  —  Insurers significantly increased premiums …

Docs: SpaceX paid $250K to settle a flight attendant’s sexual misconduct claim that alleged Elon Musk offered a horse in exchange for an erotic massage in 2016 (Rich McHugh/Insider)

Rich McHugh / Insider: Docs: SpaceX paid $250K to settle a flight attendant’s sexual misconduct claim that alleged Elon Musk offered a horse in exchange for an erotic massage in 2016  —  – A flight attendant for SpaceX said Elon Musk asked her to “do more” during a massage, documents show.

Sacramento-based Azra Games, a blockchain gaming startup developing a sci-fi fantasy game with virtual collectibles, raises a $15M seed led by a16z (MK Manoylov/The Block)

MK Manoylov / The Block: Sacramento-based Azra Games, a blockchain gaming startup developing a sci-fi fantasy game with virtual collectibles, raises a $15M seed led by a16z  —  Azra Games, a blockchain gaming startup, raised $15 million in seed funding, according to a Thursday announcement.

Thirteen from MIT awarded 2022 Fulbright Fellowships

Thirteen MIT undergraduates, graduate students, and alumni have been awarded Fulbright fellowships to pursue projects overseas in the 2022-23 grant year. Another MIT affiliate was offered an award but has not yet decided whether to accept, and others were named alternates and may be promoted in the coming weeks. Sponsored by the U.S. Department of […]

Sources: TikTok is testing in-app games in Vietnam as part of a push into gaming; TikTok says it has tested HTML5 games in partnership with Zynga and others (Reuters)

Reuters: Sources: TikTok is testing in-app games in Vietnam as part of a push into gaming; TikTok says it has tested HTML5 games in partnership with Zynga and others  —  TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming […]

FTX.US launches FTX Stocks, a zero-commission stock trading feature available through the FTX app, rolling out in the US over the coming months (Frank Chaparro/The Block)

Frank Chaparro / The Block: FTX.US launches FTX Stocks, a zero-commission stock trading feature available through the FTX app, rolling out in the US over the coming months  —  – The news comes shortly after Sam Bankman-Fried’s acquisition of a 7.6% stake in retail trading giant Robinhood.

Singapore-based Grab reports Q1 revenue rose 6% YoY to $228M, beating analyst estimates, as its net loss narrowed to $435M; Grab stock is down 70%+ from its IPO (Bloomberg)

Bloomberg: Singapore-based Grab reports Q1 revenue rose 6% YoY to $228M, beating analyst estimates, as its net loss narrowed to $435M; Grab stock is down 70%+ from its IPO  —  Grab Holdings Ltd. said revenue rose 6% in the first quarter after the ride-hailing and delivery company won back consumers as the pandemic receded in […]

From South Africa, a success story for democracy

Back in April 1994, the world watched a remarkable event: South Africa’s first democratic election with universal suffrage. The country whose Apartheid system had legalized racial segregation since the late 1940s went to the polls and elected a new national assembly. In turn, that assembly picked a Black president: Nelson Mandela, who, after decades in […]

Report: subscribers who have been with Netflix for over three years made up 13% of cancellations in Q1 2022; Netflix hit 3.6M total cancellations last quarter (Emma Roth/The Verge)

Emma Roth / The Verge: Report: subscribers who have been with Netflix for over three years made up 13% of cancellations in Q1 2022; Netflix hit 3.6M total cancellations last quarter  —  Users subscribed to Netflix for more than three years represented 13 percent of total cancellations

India says cloud providers and VPN operators that don’t comply with its cybersecurity rules, which go into effect in late June, “will have to pull out” of India (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: India says cloud providers and VPN operators that don’t comply with its cybersecurity rules, which go into effect in late June, “will have to pull out” of India  —  India is pushing ahead with its new cybersecurity rules that will require cloud service providers and VPN operators …

N3TWORK Studios, a blockchain gaming startup that incorporates features like NFTs into their mobile games, raises a $46M Series A led by Griffin Gaming Partners (MK Manoylov/The Block)

MK Manoylov / The Block: N3TWORK Studios, a blockchain gaming startup that incorporates features like NFTs into their mobile games, raises a $46M Series A led by Griffin Gaming Partners  —  Blockchain gaming startup N3TWORK Studios announced Wednesday that it closed a $46 million Series A funding round.