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 …

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 …

“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 […]

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 …

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 …

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 […]

Fueled by problem-solving

“Every time I try to solve a problem — whether it be physics or computer science — I always try to find an elegant solution,” says MIT senior Thomas Bergamaschi, who spent four years learning how to solve problems while an Undergraduate Research Opportunities Program (UROP) student in the Engineering Quantum Systems (EQUS) laboratory at […]

Facing up to democratic distrust

In October 2020, two rival candidates for office in Utah made an unusual television ad together. Incumbent Republican Gov. Spencer Cox and his Democratic challenger, Chris Peterson, appeared in the same spot to note they were both “dedicated to the American values of liberty, democracy, and justice for all people,” as Cox said, and that […]

A viral clip from Nintendo’s Tears of the Kingdom shows Link unfurling a bridge, wowing game developers; Nintendo reportedly spent a year polishing the game (Nicole Carpenter/Polygon)

Nicole Carpenter / Polygon: A viral clip from Nintendo’s Tears of the Kingdom shows Link unfurling a bridge, wowing game developers; Nintendo reportedly spent a year polishing the game  —  What looks simple is actually very hard to make  —  There’s a bridge to cross the lava pit in The Legend of Zelda: Tears of […]

Analysis: of 460 companies that did SPAC deals, insiders at 232 sold $22B in shares in well-timed trades; Chamath Palihapitiya made $310M selling Virgin stock (Wall Street Journal)

Wall Street Journal: Analysis: of 460 companies that did SPAC deals, insiders at 232 sold $22B in shares in well-timed trades; Chamath Palihapitiya made $310M selling Virgin stock  —  Executives and early investors sold shares worth $22 billion  —  The SPAC boom cost investors billions.

Microsoft issues a temporary fix for Surface Pro X tablets after the devices’ cameras stopped working last week, most likely due to a faulty Qualcomm driver (Tom Warren/The Verge)

Tom Warren / The Verge: Microsoft issues a temporary fix for Surface Pro X tablets after the devices’ cameras stopped working last week, most likely due to a faulty Qualcomm driver  —  Issues with cameras on some Arm-based devices, including the Surface Pro X, started on May 23rd, with owners reporting they couldn’t use …

Pamela Z: Singing the body electric

In the mid-1980s, artist Pamela Z was working at Tower Records on Columbus Street in San Francisco, where one of her jobs was replacing pages in the store’s Phonolog, an enormous alphabetized directory of all the music available at the time, which formed a kind of bible of pop. When she ripped one loose-leafed sheet […]

Tokyo-based Gitai, which develops a robotic arm and a robotic rover for in-space applications, raised a ~$30M Series B extension led by Global Brain Corporation (Aria Alamalhodaei/TechCrunch)

Aria Alamalhodaei / TechCrunch: Tokyo-based Gitai, which develops a robotic arm and a robotic rover for in-space applications, raised a ~$30M Series B extension led by Global Brain Corporation  —  There is a groundswell of commercial space initiatives focused on the moon, with established companies and newer upstarts …

A profile of YouTube CEO Neal Mohan, credited with bulking up its ad and subscription businesses while seeking to crack down on dangerous and misleading videos (Miles Kruppa/Wall Street Journal)

Miles Kruppa / Wall Street Journal: A profile of YouTube CEO Neal Mohan, credited with bulking up its ad and subscription businesses while seeking to crack down on dangerous and misleading videos  —  Neal Mohan goofs around with creators and woos advertisers to the platform’s short videos and TV offerings

Arm transitions to a comprehensive 64-bit platform with new mobile CPU core designs Cortex-X4, Cortex-A720, and Cortex-A520, built on its Armv9.2 architecture (Gavin Bonshor/AnandTech)

Gavin Bonshor / AnandTech: Arm transitions to a comprehensive 64-bit platform with new mobile CPU core designs Cortex-X4, Cortex-A720, and Cortex-A520, built on its Armv9.2 architecture  —  Throughout the world, if there’s one universal constant in the smartphone and mobile device market, it’s Arm.

Even lawyers don’t like legalese

It’s no secret that legal documents are notoriously difficult to understand, causing headaches for anyone who has had to apply for a mortgage or review any other kind of contract. A new MIT study reveals that the lawyers who produce these documents don’t like them very much either. The researchers found that while lawyers can […]

An interview with Niels Provos and David Mazieres, co-inventors of popular password-hashing function bcrypt, which turns 25 this year, on password security (Lily Hay Newman/Wired)

Lily Hay Newman / Wired: An interview with Niels Provos and David Mazieres, co-inventors of popular password-hashing function bcrypt, which turns 25 this year, on password security  —  The co-inventor of “bcrypt” is reflecting on the ubiquitous function’s 25 years and channeling cybersecurity’s core themes into electronic dance music.

South Korea’s Naver plans to offer versions of its ChatGPT-like AI model to governments worried about US data controls, addressing political and cultural issues (Song Jung-a/Financial Times)

Song Jung-a / Financial Times: South Korea’s Naver plans to offer versions of its ChatGPT-like AI model to governments worried about US data controls, addressing political and cultural issues  —  Localised versions to address political and cultural sensitivities as well as US data controls

Nvidia announces a range of AI products and updates, including the DGX GH200 supercomputer platform, data center networking tools, and a robotics platform (Bloomberg)

Bloomberg: Nvidia announces a range of AI products and updates, including the DGX GH200 supercomputer platform, data center networking tools, and a robotics platform  —  In a two-hour presentation in Taiwan, Nvidia Corp. Chief Executive Officer Jensen Huang unveiled a new batch of products and services tied …

A look at hCaptcha, a reCAPTCHA alternative used by Discord and others that is using AI-generated images to train ML systems and generative adversarial networks (Matthew Gault/VICE)

Matthew Gault / VICE: A look at hCaptcha, a reCAPTCHA alternative used by Discord and others that is using AI-generated images to train ML systems and generative adversarial networks  —  Discord’s captcha is asking users to identify a ‘Yoko,’ a snail-like object that does not exist and was created by AI.  —  Matthew Gault

Analysts and others say Wind Information, described as a Chinese alternative to Bloomberg terminal, is limiting international users’ access to some information (Rebecca Feng/Wall Street Journal)

Rebecca Feng / Wall Street Journal: Analysts and others say Wind Information, described as a Chinese alternative to Bloomberg terminal, is limiting international users’ access to some information  —  E-commerce shopping trends, satellite images are no longer available to foreign users of Wind

In July, NYC will start enforcing a law requiring firms using AI in hiring to notify candidates of its use and have independent auditors check for bias annually (Steve Lohr/New York Times)

Steve Lohr / New York Times: In July, NYC will start enforcing a law requiring firms using AI in hiring to notify candidates of its use and have independent auditors check for bias annually  —  New York City’s pioneering, focused approach sets rules on how companies use the technology in work force decisions.

Activists and telecom experts say the Kenyan government’s plan, permitted by the Supreme Court, to track counterfeit phones is “excessive” and threatens privacy (Damilare Dosunmu/Rest of World)

Damilare Dosunmu / Rest of World: Activists and telecom experts say the Kenyan government’s plan, permitted by the Supreme Court, to track counterfeit phones is “excessive” and threatens privacy  —  The Supreme Court granted the communications regulator permission to implement a program that combats counterfeits.

A profile of Tapbots founders Paul Haddad and Mark Jardine; ex-Twitter exec Amir Shevat says ~17% of engagement on Twitter historically was via third-party apps (Andrew Logan/Texas Monthly)

Andrew Logan / Texas Monthly: A profile of Tapbots founders Paul Haddad and Mark Jardine; ex-Twitter exec Amir Shevat says ~17% of engagement on Twitter historically was via third-party apps  —  After Elon Musk killed their Twitter app, two software developers in the North Texas suburbs are trying to shape the future of social media.

Source: South Korea won’t encourage its memory-chip firms to grab market share in China lost by Micron, as it could disrupt its bilateral relations with the US (Sam Kim/Bloomberg)

Sam Kim / Bloomberg: Source: South Korea won’t encourage its memory-chip firms to grab market share in China lost by Micron, as it could disrupt its bilateral relations with the US  —  South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive …

Source and analysis: PDD-owned Temu is losing an average of $30 per order and between $588M to $954M per year, as it tries to break into the US market (Tracy Wen Liu/Wired)

Tracy Wen Liu / Wired: Source and analysis: PDD-owned Temu is losing an average of $30 per order and between $588M to $954M per year, as it tries to break into the US market  —  The Chinese shopping app is topping app stores in the US.  But it’s burning money and squeezing its suppliers to […]