Kite, a startup that used AI to help devs code, shuts down, saying state-of-the-art ML models don’t understand the structure of code and too few devs would pay (Adam Smith/Code Faster with Kite)

Adam Smith / Code Faster with Kite: Kite, a startup that used AI to help devs code, shuts down, saying state-of-the-art ML models don’t understand the structure of code and too few devs would pay  —  From 2014 to 2021, Kite was a startup using AI to help developers write code.  We have stopped working […]

Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each (Bloomberg)

Bloomberg: Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each  —  Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 […]

Altive: Xiaohongshu, considered as a Chinese equivalent to Instagram, has been valued at $10B-$16B in private markets in 2022, down from $20B in November 2021 (Financial Times)

Financial Times: Altive: Xiaohongshu, considered as a Chinese equivalent to Instagram, has been valued at $10B-$16B in private markets in 2022, down from $20B in November 2021  —  China’s answer to Instagram gained a $20bn valuation last year.  Then the tide turned for the country’s start-ups

Interviews with more than 24 people involved in the AT&T/Time Warner merger, including Jeff Bewkes and Randall Stephenson, detail how it went disastrously awry (James B. Stewart/New York Times)

James B. Stewart / New York Times: Interviews with more than 24 people involved in the AT&T/Time Warner merger, including Jeff Bewkes and Randall Stephenson, detail how it went disastrously awry  —  At Time Warner, executives saw AT&T as just a “big phone company from Texas.”  At AT&T, they thought Hollywood would play by their […]

A look at the dispute between FTX’s new management and Bahamian regulators over who should control the company’s assets, and how the fight may affect customers (Wall Street Journal)

Wall Street Journal: A look at the dispute between FTX’s new management and Bahamian regulators over who should control the company’s assets, and how the fight may affect customers  —  Liquidators in the Bahamas are embroiled in a dispute with FTX over who has control over crypto assets held in the country

Wickr Me, the free encrypted messaging app acquired by AWS in 2021, will shut down on December 31, 2023 and stop accepting new users at the end of 2022 (Emma Roth/The Verge)

Emma Roth / The Verge: Wickr Me, the free encrypted messaging app acquired by AWS in 2021, will shut down on December 31, 2023 and stop accepting new users at the end of 2022  —  Wickr Me, the free encrypted messaging app owned by Amazon Web Services, is shutting down on December 31st, 2023.

FTX users flock to Telegram to reckon with their potential losses, where some say they believed FTX’s links to the US made it unusually safe (John Herrman/New York Magazine)

John Herrman / New York Magazine: FTX users flock to Telegram to reckon with their potential losses, where some say they believed FTX’s links to the US made it unusually safe  —  The losers — and scammers — are flooding Telegram.  —  It’s early November.  You’re into crypto.  It has probably been a rough few […]

Interviews with lawyers, analysts, and employees at AI startups on unresolved questions concerning copyright and fair use shaping the future of generative AI (James Vincent/The Verge)

James Vincent / The Verge: Interviews with lawyers, analysts, and employees at AI startups on unresolved questions concerning copyright and fair use shaping the future of generative AI  —  The last year has seen a boom in AI models that create art, music, and code by learning from others’ work.

A look at South Korean conglomerate Naver’s experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence (New York Times)

New York Times: A look at South Korean conglomerate Naver’s experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence  —  Naver, a South Korean internet firm, is trying to introduce robots into the world of cubicles and conference rooms without making employees uncomfortable.

India’s new draft data protection bill proposes allowing cross-border data transfer with certain countries, unlike an earlier version which imposed restrictions (TechCrunch)

TechCrunch: India’s new draft data protection bill proposes allowing cross-border data transfer with certain countries, unlike an earlier version which imposed restrictions  —  India has proposed a new comprehensive data privacy law that will mandate how companies handle data of its citizens …

Carvana says it will lay off about 1,500 people, or ~8% of its workforce, adding to the ~2,500 workers it laid off in May 2022 (Kathryn Hardison/Wall Street Journal)

Kathryn Hardison / Wall Street Journal: Carvana says it will lay off about 1,500 people, or ~8% of its workforce, adding to the ~2,500 workers it laid off in May 2022  —  Planned workforce reductions come as demand from consumers remains under pressure  —  How Carvana’s Stock Crashed: What Went Wrong  —  Created with sketchtool.

Apple’s plan to use TSMC plants in the US and possibly Europe, a PR victory, buries the truth: capacity will be tiny and the chips will use an older 5nm process (Tim Culpan/Bloomberg)

Tim Culpan / Bloomberg: Apple’s plan to use TSMC plants in the US and possibly Europe, a PR victory, buries the truth: capacity will be tiny and the chips will use an older 5nm process  —  You can just picture it now.  It’s 2025 and Apple Inc. Chief Executive Officer Tim Cook has just taken […]

From LGO to PhD

Many students in MIT’s Leaders for Global Operations (LGO) program return to the workplace primed to tackle complex operational problems. But sometimes their research sparks deep scholarly interest, and they bring their LGO toolkit into an academic career instead. That was the case for Jimmy Smith SM ’18, MBA ’18, who’s currently pursuing a PhD […]

How “2D” materials expand

Two-dimensional materials, which consist of just a single layer of atoms, can be packed together more densely than conventional materials, so they could be used to make transistors, solar cells, LEDs, and other devices that run faster and perform better. One issue holding back these next-generation electronics is the heat they generate when in use. […]

Celebrating open data

The inaugural MIT Prize for Open Data, which included a $2,500 cash prize, was recently awarded to 10 individual and group research projects. Presented jointly by the School of Science and the MIT Libraries, the prize recognizes MIT-affiliated researchers who make their data openly accessible and reusable by others. The prize winners and 16 honorable […]

US tech companies laying off employees serves as a wake-up call for Ireland, a longtime European hub for Big Tech, which has added 24,000 IT jobs since Q1 2021 (Jude Webber/Financial Times)

Jude Webber / Financial Times: US tech companies laying off employees serves as a wake-up call for Ireland, a longtime European hub for Big Tech, which has added 24,000 IT jobs since Q1 2021  —  Mass sackings are a blow to staff, but come amid rising concerns the country has grown too reliant on the […]

JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021 (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg: JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021  —  JD.com Inc. reported higher sales last quarter after shoppers kept spending at China’s second-largest online retailer despite an economic downturn.

An in-depth look at FTX and Alameda shows UST’s collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July (Nansen)

Nansen: An in-depth look at FTX and Alameda shows UST’s collapse in May increased their reliance on FTT, leading to $4B outflows from Alameda to FTX in June and July  —  mins  —  Nansen’s research team dives into the collapse of Alameda and FTX using blockchain analytics  —  Key Takeaways

Amazon CEO Andy Jassy says the layoffs will continue into 2023, after the company cut roles across its Devices and Books businesses on Wednesday (Annie Palmer/CNBC)

Annie Palmer / CNBC: Amazon CEO Andy Jassy says the layoffs will continue into 2023, after the company cut roles across its Devices and Books businesses on Wednesday  —  KEY POINTS  — Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday.

Source: Ella Irwin, Twitter’s VP of product focused on health and services since June 2022, will be the new head of trust and safety, replacing Yoel Roth (The Information)

The Information: Source: Ella Irwin, Twitter’s VP of product focused on health and services since June 2022, will be the new head of trust and safety, replacing Yoel Roth  —  Twitter executive Ella Irwin will take over as the head of trust and safety, replacing Yoel Roth, a well-known executive who resigned …

Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline (Bloomberg)

Bloomberg: Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline  —  Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave.