Internal memo: Xiaomi President Wang Xiang and co-founders Hong Feng and Wang Chuan step down, as the company battles slowing sales amid COVID-19 disruptions (Financial Times)

Financial Times: Internal memo: Xiaomi President Wang Xiang and co-founders Hong Feng and Wang Chuan step down, as the company battles slowing sales amid COVID-19 disruptions  —  China’s leading handset maker has suffered Covid disruption at home and regulatory woes abroad  —  Three top executives …

A look at Elon Musk’s tightening finances as TSLA dropped 65% in 2022, shrinking his borrowing power, and his fortune fell from an estimated $340B high to $140B (Tim Higgins/Wall Street Journal)

Tim Higgins / Wall Street Journal: A look at Elon Musk’s tightening finances as TSLA dropped 65% in 2022, shrinking his borrowing power, and his fortune fell from an estimated $340B high to $140B  —  Billionaire’s borrowing power has shrunk with Tesla share decline  —  Elon Musk’s Unconventional Management Style: Former Employees Share Stories

Study: programmers who use GitHub Copilot and other AI tools produce less secure code than those who do not, despite believing their code has no safety issues (Thomas Claburn/The Register)

Thomas Claburn / The Register: Study: programmers who use GitHub Copilot and other AI tools produce less secure code than those who do not, despite believing their code has no safety issues  —  At the same time, tools like Github Copilot and Facebook InCoder make developers believe their code is sound

A look at Flipper Zero, a $200 portable security penetration testing tool for hackers of all levels to intercept and replay signals from IoT sensors and more (Dhruv Mehrotra/Wired)

Dhruv Mehrotra / Wired: A look at Flipper Zero, a $200 portable security penetration testing tool for hackers of all levels to intercept and replay signals from IoT sensors and more  —  Don’t be fooled by its fun name and Tamagotchi-like interface—this do-everything gadget is trouble waiting to happen and a whole lot more.

Q&A with author and labor lawyer Orly Lobel about AI’s ability to help mitigate human biases in hiring and compensation, privacy regulation, and more (Jennifer Conrad/Wired)

Jennifer Conrad / Wired: Q&A with author and labor lawyer Orly Lobel about AI’s ability to help mitigate human biases in hiring and compensation, privacy regulation, and more  —  Author and labor lawyer Orly Lobel says AI can help mitigate human biases in hiring and compensation.

Supply chain experts warn of a months-long disruption risk to Apple’s iPhone production and operations due to worker absenteeism, amid China’s COVID-19 wave (Patrick McGee/Financial Times)

Patrick McGee / Financial Times: Supply chain experts warn of a months-long disruption risk to Apple’s iPhone production and operations due to worker absenteeism, amid China’s COVID-19 wave  —  Supply chain experts warn outbreak following reversal of zero-Covid curbs creates uncertainty for iPhone maker

Sensor Tower: Pinduoduo’s marketplace Temu gained 10.8M installations in the US since Sep. 1, and became the most downloaded US app between Nov. 1 and Dec. 14 (Shen Lu/Wall Street Journal)

Shen Lu / Wall Street Journal: Sensor Tower: Pinduoduo’s marketplace Temu gained 10.8M installations in the US since Sep. 1, and became the most downloaded US app between Nov. 1 and Dec. 14  —  Temu, a marketplace with deep discounts and copious coupons, has become the most downloaded mobile app in the U.S.  — Copy […]

Twitter employees shed light on Elon Musk’s erratic leadership; a Signal message shows Musk wanted “full access” for Bari Weiss, which staff refused to grant (Faiz Siddiqui/Washington Post)

Faiz Siddiqui / Washington Post: Twitter employees shed light on Elon Musk’s erratic leadership; a Signal message shows Musk wanted “full access” for Bari Weiss, which staff refused to grant  —  Musk’s intense focus on his social media company purchase has devolved into the culture wars.  Meanwhile, Tesla is tanking.

Joe Biden signs into law an $858B defense policy bill conferring more power and obligations on US Cyber Command, such as offensive operations on foreign powers (Martin Matishak/The Record)

Martin Matishak / The Record: Joe Biden signs into law an $858B defense policy bill conferring more power and obligations on US Cyber Command, such as offensive operations on foreign powers  —  President Joe Biden signed a $858 billion defense policy bill on Friday, conferring more power — and obligations — on U.S. Cyber Command.

A look at XRAI Glass, an Android app for the deaf and hard of hearing that can caption real-life conversations when paired with the $379 Nreal Air AR glasses (Simon Hill/Wired)

Simon Hill / Wired: A look at XRAI Glass, an Android app for the deaf and hard of hearing that can caption real-life conversations when paired with the $379 Nreal Air AR glasses  —  XRAI Glass, when paired with $379 AR glasses, can caption real-life conversations as they happen, with a few major caveats.

Mastodon’s decentralized nature raises concerns about the liability of users running their own instances, under copyright and privacy laws around the world (Amanda Hoover/Wired)

Amanda Hoover / Wired: Mastodon’s decentralized nature raises concerns about the liability of users running their own instances, under copyright and privacy laws around the world  —  As the niche, decentralized social networking platform rises in popularity, it faces rising costs, culture shifts—and potential legal risks.

The 2022 crypto winter showed the digital asset ecosystem is more interconnected than many participants realize, despite decentralization being a core tenet (Bloomberg)

Bloomberg: The 2022 crypto winter showed the digital asset ecosystem is more interconnected than many participants realize, despite decentralization being a core tenet  —  As 2021 came to a close, crypto enthusiasts were brimming with optimism.  After all, it had been a banner year: Nonfungible tokens, or NFTs, had crossed into the mainstream.

Philadelphia-based Exyn, which develops AI-powered navigation tech for drones and robots, raised a $35M Series B from Reliance and others at a ~$107M valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Philadelphia-based Exyn, which develops AI-powered navigation tech for drones and robots, raised a $35M Series B from Reliance and others at a ~$107M valuation  —  Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing …

A look at some NFT utility cases like gaming, as NFT trading volume fell from $17B in January 2022 to $400M in November 2022, amid the crypto market slump (Joel Khalili/Wired)

Joel Khalili / Wired: A look at some NFT utility cases like gaming, as NFT trading volume fell from $17B in January 2022 to $400M in November 2022, amid the crypto market slump  —  The market for non-fungible tokens took a nosedive this year.  Now, die-hard evangelists think the key to success is finding different […]

Sources: Twitter removed a feature that promoted safety resources related to suicide, child sexual exploitation, and more, after an order by Elon Musk (Reuters)

Reuters: Sources: Twitter removed a feature that promoted safety resources related to suicide, child sexual exploitation, and more, after an order by Elon Musk  —  Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking …

After pushback, the IRS delays a requirement for e-commerce platforms, including Venmo and PayPal, to send tax forms to small businesses with $600+ transactions (Naomi Jagoda/Bloomberg)

Naomi Jagoda / Bloomberg: After pushback, the IRS delays a requirement for e-commerce platforms, including Venmo and PayPal, to send tax forms to small businesses with $600+ transactions  —  The Internal Revenue Service is delaying a requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy …

Court transcript from plea hearing: Caroline Ellison said she and Sam Bankman-Fried knowingly misled lenders about how much Alameda was borrowing from FTX (Reuters)

Reuters: Court transcript from plea hearing: Caroline Ellison said she and Sam Bankman-Fried knowingly misled lenders about how much Alameda was borrowing from FTX  —  Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research …

MIT community in 2022: A year in review

In 2022, MIT returned to a bit of normalcy after the challenge of Covid-19 began to subside. The Institute prepared to bid farewell to its president and later announced his successor; announced five flagship projects in a new competition aimed at tackling climate’s greatest challenges; made new commitments toward ensuring support for diverse voices; and […]

Filing: Meta agrees to pay $725M to settle a class-action lawsuit accusing the company of letting third parties, including Cambridge Analytica, access user data (Nate Raymond/Reuters)

Nate Raymond / Reuters: Filing: Meta agrees to pay $725M to settle a class-action lawsuit accusing the company of letting third parties, including Cambridge Analytica, access user data  —  Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing …

Twitter will now let Blue subscribers upload 60-minute, 1080p videos up to 2GB on the web; iOS and Android users are still limited to 10-minute, 512MB videos (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Twitter will now let Blue subscribers upload 60-minute, 1080p videos up to 2GB on the web; iOS and Android users are still limited to 10-minute, 512MB videos  —  After taking over Twitter, Elon Musk had long promised that the company is working toward making the platform more appealing to video creators.

Sources: TSMC is in advanced talks with key suppliers about setting up its first European plant in Dresden, Germany; construction could begin in early 2024 (Financial Times)

Financial Times: Sources: TSMC is in advanced talks with key suppliers about setting up its first European plant in Dresden, Germany; construction could begin in early 2024  —  Company to send senior executives to Dresden early next year to discuss potential factory project in Germany

Making scientific publishing easier around the world

If you’ve been at MIT long enough, you’ve probably heard grumblings about peer-reviewed journals that are slow or uncooperative. But those problems are trivial compared to the challenges faced by researchers in other parts of the world. Researchers in developing countries have to sift through lists of less familiar international journals that each have wildly […]

Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021 (Joanna Ossinger/Bloomberg)

Joanna Ossinger / Bloomberg: Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021  —  Cryptocurrency exchange Bullish and special-purpose acquisition company Far Peak Acquisition Corp. have called off their planned merger.

The Privacy Act, passed in 1974, prevents sharing citizens’ data between US agencies, forcing the government to use data brokers and pay them millions per year (Alfred Ng/Politico)

Alfred Ng / Politico: The Privacy Act, passed in 1974, prevents sharing citizens’ data between US agencies, forcing the government to use data brokers and pay them millions per year  —  How an old privacy law and new security demands force Washington to rely on an industry in the crosshairs.

LastPass says a threat actor stole a backup copy of its customers’ encrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022 (Zack Whittaker/TechCrunch)

Zack Whittaker / TechCrunch: LastPass says a threat actor stole a backup copy of its customers’ encrypted vault data using cloud storage keys stolen from a LastPass employee in August 2022  —  Password manager giant LastPass has confirmed that cybercriminals stole its customers’ encrypted password vaults …

Cognitive scientists develop new model explaining difficulty in language comprehension

Cognitive scientists have long sought to understand what makes some sentences more difficult to comprehend than others. Any account of language comprehension, researchers believe, would benefit from understanding difficulties in comprehension. In recent years researchers successfully developed two models explaining two significant types of difficulty in understanding and producing sentences. While these models successfully predict […]