Indian startup Pine Labs, a digital payments and financial services provider, raises $150M in primary and secondary funding, sources say at a $5B+ valuation (The Economic Times)

The Economic Times: Indian startup Pine Labs, a digital payments and financial services provider, raises $150M in primary and secondary funding, sources say at a $5B+ valuation  —  The digital payments and financial service provider has already received the first tranche of $75 million from Alpha Wave, show regulatory filings.

Universal Music Group partners with NFT marketplace Curio to develop and sell NFT collectibles for its record labels and artists starting in March (Dawn Chmielewski/Reuters)

Dawn Chmielewski / Reuters: Universal Music Group partners with NFT marketplace Curio to develop and sell NFT collectibles for its record labels and artists starting in March  —  Universal Music Group has struck a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists, the companies said on […]

Sources: federal and state regulators have widened their investigation into how Activision Blizzard CEO and its board handled workplace misconduct allegations (Kirsten Grind/Wall Street Journal)

Kirsten Grind / Wall Street Journal: Sources: federal and state regulators have widened their investigation into how Activision Blizzard CEO and its board handled workplace misconduct allegations  —  SEC subpoenas more current and former executives; California agency seeks additional information on CEO Bobby Kotick and board’s handling of workplace misconduct allegations

Protein structure offers clues to drug-resistance mechanism

MIT chemists have discovered the structure of a protein that can pump toxic molecules out of bacterial cells. Proteins similar to this one, which is found in E. coli, are believed to help bacteria become resistant to multiple antibiotics. Using nuclear magnetic resonance (NMR) spectroscopy, the researchers were able to determine how the structure of […]

Meta’s combined Horizon Worlds and Venues monthly user base grows to 300K people, up ten times since launching in December (Alex Heath/The Verge)

Alex Heath / The Verge: Meta’s combined Horizon Worlds and Venues monthly user base grows to 300K people, up ten times since launching in December  —  That’s a 10x increase in about three months.  But can the growth continue?  —  Facebook has bet its future on virtual reality and the metaverse …

Google creates a $100M skills training fund for low-income Americans, with loans repayable only once students obtain jobs paying at least $40K a year (Steve Lohr/New York Times)

Steve Lohr / New York Times: Google creates a $100M skills training fund for low-income Americans, with loans repayable only once students obtain jobs paying at least $40K a year  —  The project is a big bet on scaling up programs that have proved effective in lifting low-income workers into middle-class jobs and careers.

Instrumental, which lets engineers perform manufacturing quality control without visiting factories, raises a $50M Series C, bringing its total funding to $80M (Ron Miller/TechCrunch)

Ron Miller / TechCrunch: Instrumental, which lets engineers perform manufacturing quality control without visiting factories, raises a $50M Series C, bringing its total funding to $80M  —  Instrumental was launched by two former Apple mechanical engineers in 2015.  Having worked on products like the iPod and Apple Watch …

Dendrites may help neurons perform complicated calculations

Within the human brain, neurons perform complex calculations on information they receive. Researchers at MIT have now demonstrated how dendrites — branch-like extensions that protrude from neurons — help to perform those computations. The researchers found that within a single neuron, different types of dendrites receive input from distinct parts of the brain, and process […]

India’s 30% tax on crypto trading profits, effectively legitimizing the industry, has caused usage of Binance-owned WazirX, CoinSwitch, and others to surge (Bloomberg)

Bloomberg: India’s 30% tax on crypto trading profits, effectively legitimizing the industry, has caused usage of Binance-owned WazirX, CoinSwitch, and others to surge  —  India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges.

Okta’s CMO leaves the company, replaced by its CDO, following numerous executive departures, including its CFO, president of tech, and SVP of product management (Joe Williams/Bloomberg)

Joe Williams / Bloomberg: Okta’s CMO leaves the company, replaced by its CDO, following numerous executive departures, including its CFO, president of tech, and SVP of product management  —  Okta Inc. Chief Marketing Officer Kendall Collins has left the company after less than a year in the role …

A life-changing fertilizer for rural farmers in Kenya

Most commercial fertilizer travels a long way before it reaches rural farmers in Kenya. Transportation costs force many farmers to rely on cheap, synthetic fertilizers, which can lead to the acidification and degradation of their soil over time. The situation amounts to a multigenerational crisis as elders have watched their crop yields dwindle over the […]

Clearview AI tells investors that it is on track to have 100B facial photos in its database within a year, growing from 3B images to 10B+ since early 2020 (Drew Harwell/Washington Post)

Drew Harwell / Washington Post: Clearview AI tells investors that it is on track to have 100B facial photos in its database within a year, growing from 3B images to 10B+ since early 2020  —  The facial recognition company Clearview AI is telling investors it is on track to have 100 billion facial photos in […]

Spotify is acquiring Chartable and Podsights, two podcast analytics companies that let podcasters and networks include tags in shows to track listeners (Ashley Carman/The Verge)

Ashley Carman / The Verge: Spotify is acquiring Chartable and Podsights, two podcast analytics companies that let podcasters and networks include tags in shows to track listeners  —  Chartable and Podsights are being bought  —  Spotify is making more podcast acquisitions.  The company announced today it’s acquiring …

Denver-based Nomad, a startup that offers financial services for small-time landlords, renters, and potential home buyers, raises a $20M Series A (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch: Denver-based Nomad, a startup that offers financial services for small-time landlords, renters, and potential home buyers, raises a $20M Series A  —  Nomad, a marketplace that aims to provide small-time rental property owners with “guaranteed rent,” has raised $20 million in a Series A funding round led by Silicon Valley […]

The Elusive Hunt for a Robot That Can Pick a Ripe Strawberry

It’s a tricky, delicate task that combines machine vision and robotics. Progress has been slow, but entrepreneurs and farmers continue to invest.

Digital security company Elm, owned by Saudi Arabia’s sovereign wealth fund, rises 30% in its Riyadh trading debut to $44.30 after raising $820M in its IPO (Farah Elbahrawy/Bloomberg)

Farah Elbahrawy / Bloomberg: Digital security company Elm, owned by Saudi Arabia’s sovereign wealth fund, rises 30% in its Riyadh trading debut to $44.30 after raising $820M in its IPO  —  Elm Co., a digital security firm owned by Saudi Arabia’s sovereign wealth fund, surged 30% in its trading debut.

UK-based mobile-only bank Atom Bank raises £75M+ at a £435M valuation, after raising £40M in April 2021, as the startup plans its IPO (Oliver Smith/AltFi)

Oliver Smith / AltFi: UK-based mobile-only bank Atom Bank raises £75M+ at a £435M valuation, after raising £40M in April 2021, as the startup plans its IPO  —  Round sees the bank valued at £435m ahead of listing.  —  After shifting to a 4-day working week last month, lender Atom Bank has raised …

Chinese online streaming service Bilibili plans to hire 1,000 censors after the death of a 25-year-old worker; Bilibili had 2,413 censors at the end of 2020 (Cissy Zhou/Financial Times)

Cissy Zhou / Financial Times: Chinese online streaming service Bilibili plans to hire 1,000 censors after the death of a 25-year-old worker; Bilibili had 2,413 censors at the end of 2020  —  Content monitoring team to be increased 40% amid debate on overwork  —  Chinese online video streaming service Bilibili plans …

3 Questions: New changes to MIT’s Covid-19 strategy

With the Covid-19 Omicron surge largely behind us and the corresponding steep drop in the Covid-19 positivity rate on campus, MIT has begun loosening some Covid-19 related restrictions. Perhaps most notable is the move from mandatory to optional testing for all faculty and employees, and the drop from twice-a-week testing to once-a-week testing for students […]

Size matters in particle treatments of traumatic injuries

Traumatic injuries are the leading cause of death in the U.S. among people 45 and under, and such injuries account for more than 3 million deaths per year worldwide. To reduce the death toll of such injuries, many researchers are working on injectable nanoparticles that can home in on the site of an internal injury […]