Tech News and Analysis from around the web
Tage Kene-Okafor / TechCrunch:
Report: fintech startups across India, Africa, and Latin America raised a total of $23B since 2017; Indian companies raised $11.6B, including $4.8B just in 2019 — Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result.
Robert Hart / Forbes:
Study of 430K+ adolescents from the US and UK finds that there is “little evidence” of a link between teens' technology use and mental health problems — There is “little evidence” of a link between teens' technology use and mental health problems, according …
Anna Wiener / New Yorker:
A look at the rise of “renderporn”, the aspirational, hyperrealistic interior design imagery on Instagram created using 3D modelling software like SketchUp — “Renderporn” domesticates the aspiration and surreality of the digital age. — Last spring, several months into the pandemic …
Miguel Bustillo / Wall Street Journal:
Colonial Pipeline, which carries 45% of fuel consumed on the US East Coast, says it halted operations due to a ransomware attack — Operator of the Colonial Pipeline, the leading fuel conduit to the East Coast, said it had temporarily halted operations after discovering the threat Friday
Global chip shortage is forcing automakers to leave out some high-end features like navigation systems and “intelligent” rearview mirrors from their vehicles — - Automakers cut back on functions to keep production going — Navigation systems, large displays get nixed as crisis worsens
Carnegie Mellon University:
Researchers used an ML algorithm based on neural networks to upgrade a cosmological simulation from low to super resolution, helping to accelerate their studies — - Associate Dean for Communications, MCS — A universe evolves over billions upon billions of years, but researchers …
Prim Chuwiruch / Bloomberg:
Bain & Co: social commerce accounted for ~44% of Southeast Asia's $109B e-commerce market in 2020; Vietnam leads with 65% adoption while Thailand is at ~50% — - Shopping via social media gains popularity in Southeast Asia — Hit by Covid, retailers use chat apps to speak with customers
Don Clark / New York Times:
Semiconductor firms received more than $12B from equity investors in 2020, up 8x since 2016, as the industry sees a spike in new startups and ideas — While a variety of industries struggle with supplies, semiconductor experts say there are plenty of new ideas and, most surprising, start-ups.
Zachery Eanes / Raleigh News & Observer:
Prescient, a North Carolina-based startup that makes architectural software, raises $190M from JE Dunn and Eldridge, bringing its total raised to around $295M — Prescient, a North Carolina-based startup that makes architectural software, said Monday it has raised $190 million from investors …
Brian Barrett / Wired:
Using PayPal for Twitter's Tip Jar could reveal tipper's address to the recipient and possibly recipient's email to the tipper; Twitter says it will add a label — Sending its users to PayPal has created all sorts of problems that Twitter should have caught ahead of time.
Sankalp Phartiyal / Reuters:
Sources: India has held up approvals for import of WiFi modules from China for months, causing companies like Dell and Xiaomi to delay product launches in India — A man watches a video on his mobile phone as he commutes by a suburban train in Mumbai, India. Picture taken March 31, 2016.
Anna Leask / NZ Herald:
US endorses Christchurch Call, an effort to stop the spread of extremist content online, which Big Tech signed on to in 2019 and Trump's White House rejected — Anna Leask is a senior reporter for the New Zealand Herald — The United States has joined the Christchurch Call to Action …
Ben Zimmer / Wired:
Dr. Fill, a puzzle-solving AI, won the American Crossword Puzzle Tournament last week, the first time AI managed to outscore human solvers at the national event — Dr. Fill, a puzzle-solving automaton, came out victorious at last week's national tournament—but human solvers shouldn't throw in the towel just yet.
Filipe Espósito / 9to5Mac:
Court docs detail Apple's app review process: 500+ people review ~100K apps/week, app rejection rate is less than 40%, less than 1% of rejections are appealed — As the Epic Games v. Apple court case goes forward, we have been learning more details about internal discussions within each company about their business models and more.
James Vincent / The Verge:
Sennheiser sells its consumer electronics division to Sonova, a Swiss company best known for its medical audio products like hearing aids and cochlear implants — From blasting your eardrums to assisting them in later life — Sonova, a Swiss company best known for its medical audio products …