Pinduoduo launched US shopping site Temu on September 1, the Chinese e-commerce giant’s first major push overseas, following online fast fashion retailer Shein (Wall Street Journal)

Wall Street Journal: Pinduoduo launched US shopping site Temu on September 1, the Chinese e-commerce giant’s first major push overseas, following online fast fashion retailer Shein  —  Temu is the latest example of Chinese companies expanding overseas as the economy loses steam at home

Sources: Biden considers EOs to limit US investments in China, collection of US citizens’ data by Chinese companies, and selling of US tech to Chinese customers (Reed Albergotti/Semafor)

Reed Albergotti / Semafor: Sources: Biden considers EOs to limit US investments in China, collection of US citizens’ data by Chinese companies, and selling of US tech to Chinese customers  —  President Biden plans to sign an executive order that could dramatically limit U.S. investments in China, according to three people with knowledge of the […]

Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022 (Krisztian Sandor/CoinDesk)

Krisztian Sandor / CoinDesk: Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022  —  The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.

Featured video: Thank you, MIT employees!

Every fall, some 7,000 students arrive on campus, joining around 5,000 already here. In preparation, staff and faculty have made ready 6,210 dorm rooms, 30 residence halls, 13,828 offices, 5,488 labs, and 119 academic buildings. In honor of Labor Day, in this video we say, ‘Thank you, MIT employees!’ Produced by Christine Daniloff. Video by […]

Sources: Netflix’s ad-supported tier may debut on Nov. 1 in markets including Canada, France, Germany, UK, and US; the date was moved to beat Disney+’s Dec. 8 (Todd Spangler/Variety)

Todd Spangler / Variety: Sources: Netflix’s ad-supported tier may debut on Nov. 1 in markets including Canada, France, Germany, UK, and US; the date was moved to beat Disney+’s Dec. 8  —  Netflix is moving up the timeline for the debut of its cheaper, ad-supported plan to November — in order to get out before […]

Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China (Bloomberg)

Bloomberg: Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China  —  SoftBank Group Corp. is planning to cut at least 20% of staff at its loss-churning Vision Fund operation, following public pledges …

Counterpoint: iPhone active installed base overtook Android to gain 50%+ share of the US smartphone market in Q2, up from 35% in 2019 and the highest since 2007 (Patrick McGee/Financial Times)

Patrick McGee / Financial Times: Counterpoint: iPhone active installed base overtook Android to gain 50%+ share of the US smartphone market in Q2, up from 35% in 2019 and the highest since 2007  —  Milestone was passed in quarter ending in June, says Counterpoint Research  —  Apple has overtaken Android devices to account …

Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act (Yuvraj Malik/Reuters)

Yuvraj Malik / Reuters: Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act  —  Micron Technology Inc (MU.O) will invest about $15 billion over the next 10 years in a new memory-chip manufacturing […]

A Delaware jury says Shopify owes $40M to patent holder Express Mobile for infringing three patents related to software for providing content to mobile devices (Blake Brittain/Reuters)

Blake Brittain / Reuters: A Delaware jury says Shopify owes $40M to patent holder Express Mobile for infringing three patents related to software for providing content to mobile devices  —  E-commerce platform Shopify Inc owes patent holder Express Mobile Inc $40 million for infringing three patents related …

Facebook will shutter Neighborhoods, its Nextdoor-like product to help neighbors connect and share local information, in October, after launching it in May 2021 (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: Facebook will shutter Neighborhoods, its Nextdoor-like product to help neighbors connect and share local information, in October, after launching it in May 2021  —  Meta today confirmed it’s shutting down Neighborhoods, its Nextdoor clone launched last year to standardize the way neighbors connect …

High energy and hungry for the hardest problems

A high school track star and valedictorian, Anne White has always relished moving fast and clearing high hurdles. Since joining the Department of Nuclear Science and Engineering (NSE) in 2009 she has produced path-breaking fusion research, helped attract a more diverse cohort of students and scholars into the discipline, and, during a worldwide pandemic, assumed the role […]

The UK’s CMA says Microsoft’s $69B Activision Blizzard acquisition will require an in-depth review and gives Microsoft a September 8 deadline to offer remedies (Katharine Gemmell/Bloomberg)

Katharine Gemmell / Bloomberg: The UK’s CMA says Microsoft’s $69B Activision Blizzard acquisition will require an in-depth review and gives Microsoft a September 8 deadline to offer remedies  —  Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless …

OneSignal, which helps businesses automate SMS, in-app, and email campaigns, raised a $50M Series C led by BAM Elevate, bringing its total funding to $80M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: OneSignal, which helps businesses automate SMS, in-app, and email campaigns, raised a $50M Series C led by BAM Elevate, bringing its total funding to $80M  —  OneSignal, a platform that powers notifications for mobile apps and more, today announced that it raised $50 million in a Series C round led …

Brian Krebs apologizes to IoT manufacturer Ubiquiti after posting now-removed articles on a “breach” based on a “sole source” currently under federal indictment (Brian Krebs/Krebs on Security)

Brian Krebs / Krebs on Security: Brian Krebs apologizes to IoT manufacturer Ubiquiti after posting now-removed articles on a “breach” based on a “sole source” currently under federal indictment  —  Last year, I posted a series of articles about a purported “breach” at Ubiquiti.

Nvidia and AMD say the US imposed export restrictions on chips used for AI applications to Russia and China, affecting chips like Nvidia’s A100 and AMD’s MI200 (Max A. Cherney/Protocol)

Max A. Cherney / Protocol: Nvidia and AMD say the US imposed export restrictions on chips used for AI applications to Russia and China, affecting chips like Nvidia’s A100 and AMD’s MI200  —  The U.S. has begun to impose fresh restrictions on exports of advanced chips necessary for AI-related applications to Russia and China …

Internal memo: Meta is setting up a New Monetization Experiences division to identify and build “possible paid features” for Facebook, Instagram, and WhatsApp (Alex Heath/The Verge)

Alex Heath / The Verge: Internal memo: Meta is setting up a New Monetization Experiences division to identify and build “possible paid features” for Facebook, Instagram, and WhatsApp  —  A new team will be tasked with building paid experiences across Meta’s apps  —  Meta is setting up a product organization …

Sources: Netflix seeks to charge brands a CPM of about $65 on its ad-supported tier, more than most other services, with an annual $20M brand spending cap (Suzanne Vranica/Wall Street Journal)

Suzanne Vranica / Wall Street Journal: Sources: Netflix seeks to charge brands a CPM of about $65 on its ad-supported tier, more than most other services, with an annual $20M brand spending cap  —  Streaming giant aims for Nov. 1 launch of ad-supported tier, ad buyers say  —  Netflix Inc. NFLX 1.32%▲ …

Chloé Gentgen named one of Aviation Week Network’s “20 Twenties”

Aviation Week Network named Chloé Gentgen SM’22, a PhD candidate in the MIT Department of Aeronautics and Astronautics (AeroAstro), as one of this year’s 20 Twenties Award recipients. The program has selected 20 promising recipients each year since 2013, based on stellar academic performance, extensive community involvement, and substantial research contributions, to recognize the next […]