Study: Preschool gives a big boost to college attendance

Attending preschool at age 4 makes children significantly more likely to go to college, according to an empirical study led by an MIT economist. The study examines children who attended public preschools in Boston from 1997 to 2003. It finds that among students of similar backgrounds, attendance at a public preschool raised “on-time” college enrollment […]

Magic, which is developing a code-generating tool similar to GitHub’s Copilot, raised a $23M Series A led by Alphabet’s CapitalG (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Magic, which is developing a code-generating tool similar to GitHub’s Copilot, raised a $23M Series A led by Alphabet’s CapitalG  —  Magic, a startup developing a code-generating platform similar to GitHub’s Copilot, today announced that it raised $23 million in a Series A funding round led …

Filing: eBay plans to lay off ~500 employees, ~4% of its total workforce, to create space to invest in “new technologies, customer innovations, and key markets” (Reuters)

Reuters: Filing: eBay plans to lay off ~500 employees, ~4% of its total workforce, to create space to invest in “new technologies, customer innovations, and key markets”  —  E-commerce firm eBay Inc (EBAY.O) said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.

Source: Microsoft plans to release software to help large companies create and customize their own chatbots using ChatGPT technology later this year (Jordan Novet/CNBC)

Jordan Novet / CNBC: Source: Microsoft plans to release software to help large companies create and customize their own chatbots using ChatGPT technology later this year  —  – Microsoft plans to release technology to help big companies launch their own chatbots using the OpenAI ChatGPT technology, a person familiar with the plans told CNBC.

The LockBit ransomware gang claims responsibility for an attack on the UK’s Royal Mail that halted international shipping, contradicting an earlier statement (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: The LockBit ransomware gang claims responsibility for an attack on the UK’s Royal Mail that halted international shipping, contradicting an earlier statement  —  The LockBit ransomware operation has claimed the cyberattack on UK’s leading mail delivery service Royal Mail that forced the company …

Research: Australian startups raised AU$7.4B across 712 deals in 2022, down from AU$10.6B across 731 deals in 2021, as six startups hit unicorn status (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg: Research: Australian startups raised AU$7.4B across 712 deals in 2022, down from AU$10.6B across 731 deals in 2021, as six startups hit unicorn status  —  Venture-capital investments in Australia plunged by about a third in 2022, following the lead of listed global technology companies and venture markets.

How AI de-aging VFX are increasingly used on actors, including Harrison Ford in the new Indiana Jones movie, and the possible impact on Hollywood’s economics (David Smith/The Guardian)

David Smith / The Guardian: How AI de-aging VFX are increasingly used on actors, including Harrison Ford in the new Indiana Jones movie, and the possible impact on Hollywood’s economics  —  Stars like Tom Hanks and Harrison Ford are being rendered younger digitally but voices in the industry express concern about where we might be […]

MIT Press announces new initiative to increase the reach of academic scholarship

In keeping with its mission and longstanding commitment to increase access to scholarship, the MIT Press is pleased to announce shift+OPEN. This new initiative is designed to flip existing subscription-based journals to a diamond open access publishing model. Shift+OPEN is generously supported by the Arcadia Fund. The MIT Press welcomes submissions for English-language journals in […]

Solving a machine-learning mystery

Large language models like OpenAI’s GPT-3 are massive neural networks that can generate human-like text, from poetry to programming code. Trained using troves of internet data, these machine-learning models take a small bit of input text and then predict the text that is likely to come next. But that’s not all these models can do. […]

Gemini will contribute up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals (CNBC)

CNBC: Gemini will contribute up to $100M to Genesis’ bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals  —  – Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.

Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, and global MAUs up 4% YoY to 450M; stock drops 10%+ on a weak Q1 forecast (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Pinterest reports Q4 revenue up 4% YoY to $877M, vs. $886.3M est., $17M net income, and global MAUs up 4% YoY to 450M; stock drops 10%+ on a weak Q1 forecast  —  – Pinterest said it expects sales in the first quarter to increase in the “low single digits” from a […]

Internal doc: just ~180K US users paid for Twitter subscriptions like Blue as of mid-January, implying annual revenue from subscriptions globally of around $28M (Erin Woo/The Information)

Erin Woo / The Information: Internal doc: just ~180K US users paid for Twitter subscriptions like Blue as of mid-January, implying annual revenue from subscriptions globally of around $28M  —  Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January …

A profile of Sam Bankman-Fried’s psychiatrist Dr. George Lerner, hired as a coach at FTX in early 2022, as prosecutors seek his communications with executives (Wall Street Journal)

Wall Street Journal: A profile of Sam Bankman-Fried’s psychiatrist Dr. George Lerner, hired as a coach at FTX in early 2022, as prosecutors seek his communications with executives  —  Hired as a coach at the Bahamas-based company, George Lerner was there for its dramatic downfall

Google, Microsoft, and Amazon pursuing investments and deals with generative AI startups, incentivizing use of their cloud services, raises regulatory concerns (Madhumita Murgia/Financial Times)

Madhumita Murgia / Financial Times: Google, Microsoft, and Amazon pursuing investments and deals with generative AI startups, incentivizing use of their cloud services, raises regulatory concerns  —  Deals between Google, Microsoft and Amazon and ‘generative AI’ start-ups raise competition concerns

JD.com, China Mobile, and other Chinese retailers are discounting iPhone 14 models by over $100, an unusually steep price cut that suggests dwindling demand (Bloomberg)

Bloomberg: JD.com, China Mobile, and other Chinese retailers are discounting iPhone 14 models by over $100, an unusually steep price cut that suggests dwindling demand  —  Apple Inc.’s latest iPhones are selling at discounts of more than $100 in China, an unusually steep price cut just months after launch …

New polymers could enable better wearable devices

Certain electronics that integrate with the human body — a smartwatch that samples your sweat, for instance — work by converting the ion-based signals of biological tissue into the electron-based signals used in transistors. But the materials in these devices are often designed to maximize ion uptake while sacrificing electronic performance. To remedy this, MIT […]

Elon Musk says Twitter “will enable a light, write-only API for bots providing good content that is free”, days after Twitter said free API access would end (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Elon Musk says Twitter “will enable a light, write-only API for bots providing good content that is free”, days after Twitter said free API access would end  —  Last week, Twitter said it is shutting down free access to its APIs starting February 9.

A look at the Guillemot family’s attempts to retain control of Ubisoft, which has hit setbacks that led to a stock plunge and made the company a takeover target (Benoit Berthelot/Bloomberg)

Benoit Berthelot / Bloomberg: A look at the Guillemot family’s attempts to retain control of Ubisoft, which has hit setbacks that led to a stock plunge and made the company a takeover target  —  Every second Monday of the month for over three decades, the five Guillemot brothers — whose company gave the world …

Microsoft’s Activision deal is the biggest test yet of the new alignment on antitrust enforcement between the US FTC, the European Commission, and the UK’s CMA (New York Times)

New York Times: Microsoft’s Activision deal is the biggest test yet of the new alignment on antitrust enforcement between the US FTC, the European Commission, and the UK’s CMA  —  Until recently, antitrust regulators in Europe and the United States took different approaches.