Filing: Saudi Arabia’s Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan’s Nexon and Capcom in February (Financial Times)

Financial Times: Filing: Saudi Arabia’s Public Investment Fund takes a ~5% stake in Nintendo, worth $2.98B; the PIF disclosed a 5% stake in Japan’s Nexon and Capcom in February  —  Sovereign wealth fund has already bought into Japan’s Capcom and Nexon  —  Saudi Arabia’s sovereign wealth fund has acquired …

Dutch BNPL service in3 raises a $85.3M Series B in debt and equity, partners with Dutch payments company Mollie, and says it supports over 130K merchants (Amelia Isaacs/AltFi)

Amelia Isaacs / AltFi: Dutch BNPL service in3 raises a $85.3M Series B in debt and equity, partners with Dutch payments company Mollie, and says it supports over 130K merchants  —  Mollie’s millions of consumers will now have access to ‘socially responsible’ BNPL services with in3.

A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early (New York Times)

New York Times: A profile of Do Kwon, the trash-talking founder of Terraform Labs, which raised $200M+ to build LUNA and UST; many investors avoided losses by cashing out early  —  Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies.  Their failures have devastated some traders …

Living better with algorithms

Laboratory for Information and Decision Systems (LIDS) student Sarah Cen remembers the lecture that sent her down the track to an upstream question. At a talk on ethical artificial intelligence, the speaker brought up a variation on the famous trolley problem, which outlines a philosophical choice between two undesirable outcomes. The speaker’s scenario: Say a […]

As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects (Heather Somerville/Wall Street Journal)

Heather Somerville / Wall Street Journal: As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects  —  Funding is suddenly scarce as venture capital firms grow stingy, forcing young companies to get frugal and focus on breaking even

Google Cloud launches new software supply chain and zero trust tools, including one that gives governments and enterprises access to vetted open-source packages (Frederic Lardinois/TechCrunch)

Frederic Lardinois / TechCrunch: Google Cloud launches new software supply chain and zero trust tools, including one that gives governments and enterprises access to vetted open-source packages  —  Google Cloud is holding its annual Security Summit this week and unsurprisingly, the company used the event to launch a few new security features.

Thought Machine, provider of cloud-based banking infrastructure for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November (Siddharth Venkataramakrishnan/Financial …)

Siddharth Venkataramakrishnan / Financial Times: Thought Machine, provider of cloud-based banking infrastructure for 35+ banks globally, raises a $160M Series D at a $2.7B valuation, up from $1B+ in November  —  Unicorn brings Morgan Stanley on board as client and investor  —  London-based fintech Thought Machine has doubled its valuation …

Eleanor Freund receives Jeanne Guillemin Prize

The daughter of an American diplomat, Eleanor Freund spent most of her childhood living abroad in such places as Madagascar, Ghana, South Africa, and Austria. These experiences, she explains, led to an early interest in politics and international relations. “Whether in South Africa, which was emerging from decades of racial discrimination and violence under apartheid, […]

Zero-trust architecture may hold the answer to cybersecurity insider threats

For years, organizations have taken a defensive “castle-and-moat” approach to cybersecurity, seeking to secure the perimeters of their networks to block out any malicious actors. Individuals with the right credentials were assumed to be trustworthy and allowed access to a network’s systems and data without having to reauthorize themselves at each access attempt. However, organizations […]

A look at tech political advocacy group American Edge, funded solely by Meta, as it tries to create the appearance of grassroots opposition to antitrust reform (Washington Post)

Washington Post: A look at tech political advocacy group American Edge, funded solely by Meta, as it tries to create the appearance of grassroots opposition to antitrust reform  —  Records show Facebook-funded American Edge backed minority interest groups, conservative think tanks and small business groups …

Apple announces several accessibility features, including Watch improvements and a live captioning tool for iOS, iPadOS, and macOS, rolling out later in 2022 (Devin Coldewey/TechCrunch)

Devin Coldewey / TechCrunch: Apple announces several accessibility features, including Watch improvements and a live captioning tool for iOS, iPadOS, and macOS, rolling out later in 2022  —  Apple has released a bevy of new accessibility features for iPhone, Apple Watch, and Mac, including a universal live captioning tool …

On the road to cleaner, greener, and faster driving

No one likes sitting at a red light. But signalized intersections aren’t just a minor nuisance for drivers; vehicles consume fuel and emit greenhouse gases while waiting for the light to change. What if motorists could time their trips so they arrive at the intersection when the light is green? While that might be just […]

The DOJ says that Moises Luis Zagala Gonzalez, a 55-year-old cardiologist living in Venezuela, created and rented Jigsaw and Thanos ransomware to cybercriminals (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: The DOJ says that Moises Luis Zagala Gonzalez, a 55-year-old cardiologist living in Venezuela, created and rented Jigsaw and Thanos ransomware to cybercriminals  —  The US Department of Justice today said that Moises Luis Zagala Gonzalez (Zagala), a 55-year-old cardiologist with French …

Apple now allows devs to auto-renew users for increased subscription prices once a year as long as the increase doesn’t exceed $50 or 50% of the annual price (Juli Clover/MacRumors)

Juli Clover / MacRumors: Apple now allows devs to auto-renew users for increased subscription prices once a year as long as the increase doesn’t exceed $50 or 50% of the annual price  —  Apple today informed developers that it is implementing a new subscription feature that will allow customers to be charged automatically …

Logs show that the alleged Buffalo shooter spoke explicitly in a private Discord server about plans to conduct and livestream an attack since at least December (Bloomberg)

Bloomberg: Logs show that the alleged Buffalo shooter spoke explicitly in a private Discord server about plans to conduct and livestream an attack since at least December  —  The accused gunman behind 10 deaths and 3 injuries in Buffalo, New York, over the weekend had spoken explicitly about his plans …

When dueling narratives deepen a divide

For more than four decades, the U.S. and Iran have had a relentlessly poor relationship. To be sure, it is hardly a shock that tensions would run high between the countries following the hostage crisis of 1979-1981, when Iran held more than 50 U.S. diplomats in captivity for 444 days. Even so, little progress has […]

Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors (Sam Kessler/CoinDesk)

Sam Kessler / CoinDesk: Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors  —  The announcement comes after reports that over a billion dollars of Terra’s bitcoin reserves are unaccounted for.

FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs (Joshua Oliver/Financial Times)

Joshua Oliver / Financial Times: FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs  —  Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs  —  Bitcoin has no future as a payments network …

Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman Sachs, Dawn Capital (Ryan Weeks/The Block)

Ryan Weeks / The Block: Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman Sachs, Dawn Capital  —  Quick Take  — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.