Report: Valencia-based Jeff, which provides a frontend app and other tools to manage businesses, filed for bankruptcy after failing to close a €90M Series C (Dan Taylor/Tech.eu)

Dan Taylor / Tech.eu: Report: Valencia-based Jeff, which provides a frontend app and other tools to manage businesses, filed for bankruptcy after failing to close a €90M Series C  —  After numerous lawsuits in Colombia, Mexico, Brazil, and Spain, losses close to €65 million, and a €90 million funding round …

A proposed class action lawsuit accuses Elon Musk of insider trading by manipulating Dogecoin; Musk allegedly sold ~$124M in DOGE after Twitter’s logo change (Jonathan Stempel/Reuters)

Jonathan Stempel / Reuters: A proposed class action lawsuit accuses Elon Musk of insider trading by manipulating Dogecoin; Musk allegedly sold ~$124M in DOGE after Twitter’s logo change  —  Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc (TSLA.O) …

Sources: Microsoft has agreed to spend potentially billions of dollars on CoreWeave; the GPU cloud provider raised $200M, bringing its Series B round to $421M (Jordan Novet/CNBC)

Jordan Novet / CNBC: Sources: Microsoft has agreed to spend potentially billions of dollars on CoreWeave; the GPU cloud provider raised $200M, bringing its Series B round to $421M  —  – Microsoft’s agreement with CoreWeave could be worth billions of dollars over multiple years, people familiar with the matter said.

Airbnb sues New York City over a new law the company calls a “de facto ban against short-term rentals”; the city plans to begin enforcing the law in July 2023 (Doyinsola Oladipo/Reuters)

Doyinsola Oladipo / Reuters: Airbnb sues New York City over a new law the company calls a “de facto ban against short-term rentals”; the city plans to begin enforcing the law in July 2023  —  Airbnb Inc (ABNB.O) on Thursday filed a lawsuit against New York City over a new law it called a “de […]

Mark Gorenberg ’76 elected chair of the MIT Corporation

Mark Gorenberg ’76 has been elected the next chair of the MIT Corporation, the Institute’s board of trustees. He will assume the role on July 1. Gorenberg, the founder and managing director of Zetta Venture Partners, succeeds Corporation Life Member Diane Greene SM ’78, who has served as chair since 2020. “It’s a great honor. I’m […]

Elon Musk sent no tweets during his visit to China, the longest hiatus from the platform since June 2022; once his jet left Shanghai, Musk tweeted about SpaceX (Bloomberg)

Bloomberg: Elon Musk sent no tweets during his visit to China, the longest hiatus from the platform since June 2022; once his jet left Shanghai, Musk tweeted about SpaceX  —  Elon Musk, a prolific presence on Twitter and owner of the social media platform, didn’t send any tweets while he was in China for his […]

LA- and Bengaluru-based hyperspectral imagery startup Pixxel raised a $36M Series B led by Google, after launching three demonstration satellites in 2022 (Aria Alamalhodaei/TechCrunch)

Aria Alamalhodaei / TechCrunch: LA- and Bengaluru-based hyperspectral imagery startup Pixxel raised a $36M Series B led by Google, after launching three demonstration satellites in 2022  —  Hyperspectral imagery startup Pixxel has closed $36 million in funding as it prepares to roll out new remote sensing and analytics capabilities to customers.

After Microsoft paid $7.5B for ZeniMax in 2020, sources detail development issues for Redfall, one of the worst-reviewed games in 2023 and Xbox’s latest misfire (Jason Schreier/Bloomberg)

Jason Schreier / Bloomberg: After Microsoft paid $7.5B for ZeniMax in 2020, sources detail development issues for Redfall, one of the worst-reviewed games in 2023 and Xbox’s latest misfire  —  Over the years, Microsoft Corp.-owned video-game developer Arkane Studios has cultivated a reputation for releasing games …

San Diego-based Measurabl, which makes carbon footprint management tools for properties, raised a $93M Series D led by Energy Impact Partners and Sway Ventures (Mike Freeman/San Diego Union-Tribune)

Mike Freeman / San Diego Union-Tribune: San Diego-based Measurabl, which makes carbon footprint management tools for properties, raised a $93M Series D led by Energy Impact Partners and Sway Ventures  —  Measurabl managed to raise money despite the venture capital market being largely frozen for technology entrepreneurs.

Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM  —  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers […]

Crypto bridging protocol Multichain says it suspended service for multiple chains after being unable to contact its CEO to get server access amid tech problems (Michael McSweeney/The Block)

Michael McSweeney / The Block: Crypto bridging protocol Multichain says it suspended service for multiple chains after being unable to contact its CEO to get server access amid tech problems  —  – Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.

Driven to driverless

When Cindy Heredia was choosing an MBA program, she knew she wanted to be at the forefront of the autonomous driving industry. While doing research, she discovered that MIT had a unique offering: a student-run driverless team. Heredia applied to MIT to join the team, hoping to get hands-on experience. “My hope is that we’re […]

He made linear algebra fun

The following series of numbers might help to summarize the MIT career of MathWorks Professor of Mathematics Gilbert “Gil” Strang ’55, who taught his last class on May 15. 3+2+61=66, or 75% of his life Strang has spent 66 of his 88 years at MIT — as a student, an instructor, and a faculty member. […]

A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC (Bloomberg)

Bloomberg: A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC  —  Over the past decade, Plaid’s digital pipes have enabled 1 in every 3 people with a US bank account to connect it to the […]

Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage (Bloomberg)

Bloomberg: Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage  —  Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated …

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters)

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 …

“Commencement reminds me of what MIT’s all about”

Each year, MIT’s Commencement provides a special opportunity for graduates and their families to celebrate all they’ve accomplished at MIT. But it’s also a celebration for MIT’s community more broadly, as it represents a milestone in the Institute’s mission of making a positive impact on the world. It’s fitting, then, that an extensive group of […]

Sources: Google plans to launch the Pixel Watch 2 in fall 2023 with a Snapdragon W5 series chip and Fitbit Sense 2-like sensors, alongside the Pixel 8 and 8 Pro (Abner Li/9to5Google)

Abner Li / 9to5Google: Sources: Google plans to launch the Pixel Watch 2 in fall 2023 with a Snapdragon W5 series chip and Fitbit Sense 2-like sensors, alongside the Pixel 8 and 8 Pro  —  We revealed at the start of May that Google is planning to announce the Pixel Watch 2 alongside the Pixel […]

While OpenAI has become more upfront about ChatGPT’s limitations, the company should do more to make clear the bot can’t reliably distinguish fact from fiction (James Vincent/The Verge)

James Vincent / The Verge: While OpenAI has become more upfront about ChatGPT’s limitations, the company should do more to make clear the bot can’t reliably distinguish fact from fiction  —  “May occasionally generate incorrect information.”  —  This is the warning OpenAI pins to the homepage of its AI chatbot ChatGPT …

Source: MoonPay company insiders, including its CEO, cashed out shares worth $150M as part of the crypto payment company’s 2021 $555M Series A (Aidan Ryan/The Information)

Aidan Ryan / The Information: Source: MoonPay company insiders, including its CEO, cashed out shares worth $150M as part of the crypto payment company’s 2021 $555M Series A  —  In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon …

CoCo: A real-time co-creative learning platform for young people

CoCo is a new co-creative learning platform that empowers educators to engage children and teens in an endless variety of collaborative creative computing experiences with peers — regardless of whether they are sitting next to one another in a classroom or connecting remotely across continents. The platform supports real-time collaboration across multiple types of interactive […]