Layoffs.fyi data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna (Michelle Ma/Protocol)

Michelle Ma / Protocol: Layoffs.fyi data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna  —  What goes up must come down.  —  High-flying startups with record valuations, huge hiring goals and ambitious expansion plans …

CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple’s “sophisticated campaign to intimidate” and COVID-19 (Josh Eidelson/Bloomberg)

Josh Eidelson / Bloomberg: CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple’s “sophisticated campaign to intimidate” and COVID-19  —  The labor group trying to organize Apple Inc. employees at an Atlanta store is withdrawing its request for an election …

“The world needs your smarts, your skills,” Ngozi Okonjo-Iweala tells MIT’s Class of 2022

On a clear warm day, the MIT graduating class of 2022 gathered in Killian Court for the first in-person commencement exercises in three years, after two years of online ceremonies due to the Covid-19 pandemic. Ngozi Okonjo-Iweala MCP ’78, PhD ’81, director-general of the World Trade Organization, delivered the Commencement address, stressing the global need […]

Chancellor Melissa Nobles’ address to MIT seniors

Below is the text of Chancellor Melissa Nobles’ Commencement remarks, as prepared for delivery today. Thank you, President Reif. And good afternoon everyone! It is wonderful to have the chance to say few words of admiration, gratitude, and, above all, congratulations to our Class of 2022 graduates, and to the family, loved ones, and friends […]

New gels could help the medicine go down

For most children and even some adults, swallowing pills or tablets is difficult. To make it easier to give those medicines, researchers at MIT and Brigham and Women’s Hospital have created a drug-delivering gel that is much easier to swallow and could be used to administer a variety of different kinds of drugs. The gels, […]

Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto (Agne Cimermanaite/Metaverse Post)

Agne Cimermanaite / Metaverse Post: Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto  —  Jadu Mirrorverse — an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR […]

Microsoft confirms it is developing an HDMI device codenamed Keystone, that connects to any TV or monitor, and offers Xbox game streaming (Jez Corden/Windows Central)

Jez Corden / Windows Central: Microsoft confirms it is developing an HDMI device codenamed Keystone, that connects to any TV or monitor, and offers Xbox game streaming  —  The key to the cloud.  —  For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …

Chemists reveal how tau proteins form tangles

One of the hallmarks of Alzheimer’s disease is the presence of neurofibrillary tangles in the brain. These tangles, made of tau proteins, impair neurons’ ability to function normally and can cause the cells to die. A new study from MIT chemists has revealed how two types of tau proteins, known as 3R and 4R tau, […]

A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition and says Musk engaged in conduct “designed to create doubt about the deal” (Lora Kolodny/CNBC)

Lora Kolodny / CNBC: A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition and says Musk engaged in conduct “designed to create doubt about the deal”  —  – Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of a […]

Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022 (Michael Tobin/Bloomberg)

Michael Tobin / Bloomberg: Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022  —  Grocery delivery startup Instacart Inc. is planning to slow the pace of hiring as it prepares for an initial public offering, […]

Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains (Yogita Khatri/The Block)

Yogita Khatri / The Block: Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains  —  Quick Take  — Tether has launched a new stablecoin pegged 1:1 to the Mexican peso.  — It will be initially available on Ethereum, Tron and Polygon.

Frank Wilczek receives 2022 Templeton Prize

Nobel Prize-winning theoretical physicist and author Frank Wilczek, the Herman Feshbach Professor of Physics at MIT, has been awarded the 2022 Templeton Prize. This prize is awarded to individuals whose life’s work embodies a fusion of science and spirituality. “He is one of those rare and wonderful individuals who bring together a keen, creative intellect […]

Assembled, a workforce management service for customer support teams, raises a $51M Series B led by New Enterprise Associates, taking its total funding to $71M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Assembled, a workforce management service for customer support teams, raises a $51M Series B led by New Enterprise Associates, taking its total funding to $71M  —  Assembled, which bills itself as a workforce management platform for customer support teams, today announced that it raised $51 million …

A profile of Stripe’s John and Patrick Collison; sources say the startup’s gross revenue rose 60% YoY to nearly $12B in 2021 as net revenue reached almost $2.5B (Alex Konrad/Forbes)

Alex Konrad / Forbes: A profile of Stripe’s John and Patrick Collison; sources say the startup’s gross revenue rose 60% YoY to nearly $12B in 2021 as net revenue reached almost $2.5B  —  Billionaire brothers John and Patrick Collison built Stripe into one of the world’s most-hyped, highest valued — and profitable! — startups, worth […]

Alibaba beats estimates as Q4 revenue rose 9% YoY to ~$30.3B, the second straight quarter of single-digit growth, and its net loss reached ~$2.4B (Coco Liu/Bloomberg)

Coco Liu / Bloomberg: Alibaba beats estimates as Q4 revenue rose 9% YoY to ~$30.3B, the second straight quarter of single-digit growth, and its net loss reached ~$2.4B  —  Alibaba Group Holding Ltd. reported a better-than-expected 9% rise in revenue after Chinese consumers turned to online malls for basic needs during Covid lockdowns across the […]

Virtual worlds apart

What is virtual reality? On a technical level, it is a headset-enabled system using images and sounds to make the user feel as if they are in another place altogether. But in terms of the content and essence of virtual reality — well, that may depend on where you are. In the U.S., for instance, […]

Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019 (Diane Bartz/Reuters)

Diane Bartz / Reuters: Twitter agrees to pay $150M to the FTC, settling allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019  —  Twitter Inc (TWTR.N) has settled with U.S. authorities over allegations it misrepresented the “security and privacy” …

Peter Thiel steps down from Meta’s board, on which he secured a seat in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving (Issie Lapowsky/Protocol)

Issie Lapowsky / Protocol: Peter Thiel steps down from Meta’s board, on which he secured a seat in 2005 after investing $500K; Meta announced in February 2022 that Thiel would be leaving  —  Peter Thiel has officially stepped down from Meta’s board, a position he’s held since Facebook was in its infancy.

Sources: business travel and expense management service TripActions is in talks to raise funding at a ~$9B valuation; TripActions raised $275M in October 2021 (Bloomberg)

Bloomberg: Sources: business travel and expense management service TripActions is in talks to raise funding at a ~$9B valuation; TripActions raised $275M in October 2021  —  Startup TripActions is in talks for new round of funding at a higher valuation, signaling investors remain interested …

Is diversity the key to collaboration? New AI research suggests so

As artificial intelligence gets better at performing tasks once solely in the hands of humans, like driving cars, many see teaming intelligence as a next frontier. In this future, humans and AI are true partners in high-stakes jobs, such as performing complex surgery or defending from missiles. But before teaming intelligence can take off, researchers must overcome a problem that corrodes […]

How the universe got its magnetic field

When we look out into space, all of the astrophysical objects that we see are embedded in magnetic fields. This is true not only in the neighborhood of stars and planets, but also in the deep space between galaxies and galactic clusters. These fields are weak — typically much weaker than those of a refrigerator […]