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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

Author: Ms. R.

Court says Romania’s lockdown didn’t amount to...
May 20, 2021
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BUCHAREST (AP) — The European Court of Human Rights on Thursday ruled against a member of the European Union parliament who claimed that a lockdown to curb COVID-19 infections in his native Romania last year deprived him of liberty. Cristian Terhes, a member of the European Parliament since 2019, had filed a case with the court arguing that Romania’s March 24-May 14 national lockdown amounted to “administrative detention.” A panel of seven judges at the ECHR unanimously rejected Terhes’…

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Chasing hype is human nature: The tyranny...
May 20, 2021
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Victor Echevarria Contributor I think it’s important that we explicitly discuss something that every VC instinctively knows: The hype around a given business or category has become a form of bias for investors and founders when vetting ideas to pursue. At any point in time, you can find FOMO-flavored bad business decisions based on false market signals somewhere in tech. It’s human nature for excitement to be contagious, but treating it as a leading factor when considering a new……

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Privacy.com rebrands to Lithic, raises $43M for...
May 20, 2021
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When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free. The goal was to allow those users to keep users’ actual credit card numbers safe while allowing the option to cut off companies from their bank accounts. In an age of near-constant data breaches and credit card skimmers targeting unsuspecting websites, Privacy.com has made it harder for hackers to get anyone’s real credit card details. The concept……

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Does correcting online falsehoods make matters worse?
May 20, 2021
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So, you thought the problem of false information on social media could not be any worse? Allow us to respectfully offer evidence to the contrary. Not only is misinformation increasing online, but attempting to correct it politely on Twitter can have negative consequences, leading to even less-accurate tweets and more toxicity from the people being corrected, according to a new study co-authored by a group of MIT scholars. The study was centered around a Twitter field experiment in which……

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Improving the way videos are organized
May 20, 2021
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At any given moment, many thousands of new videos are being posted to sites like YouTube, TikTok, and Instagram. An increasing number of those videos are being recorded and streamed live. But tech and media companies still struggle to understand what’s going in all that content. Now MIT alumnus-founded Netra is using artificial intelligence to improve video analysis at scale. The company’s system can identify activities, objects, emotions, locations, and more to organize and provide context to videos in new……

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Daily Crunch: India gives WhatsApp one week...
May 19, 2021
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To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Wednesday, friends! It was another super-busy day in the tech world. I had my sights on Squarespace’s public debut, as well as the value of Coinbase’s stock, which may be tracking the price of bitcoin a bit more literally than some folks expected. And if you are a long-term crypto holder, congrats on the buying……

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Scene at MIT: Setting up camp under...
May 19, 2021
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It sounds like a prank — a tent pitched under the Great Dome in the middle of the Barker Library Reading Room. But this tent was all library business, erected to provide the Institute community access to materials critical for teaching and research. Last August, after MIT Distinctive Collections was displaced from Building 14 to Barker Library due to the Hayden Library renovation, they set up work spaces along the perimeter of the Great Dome to allow staff to……

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MIT.nano launches START.nano accelerator
May 19, 2021
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MIT.nano has announced a new pilot program, START.nano, to support hard-tech ventures in their early stages. Seven companies with nanoscale technologies at the core of their business have been accepted to the program. For 2021, the primary benefit for the START.nano participants will be discounted access to MIT.nano’s cleanrooms, characterization tools, and other laboratories. MIT.nano’s staff will use the pilot year to explore with the companies what programmatic support START.nano can incorporate to boost the success of hard-tech ventures…….

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Grand day for the French: Cafe and...
May 19, 2021
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PARIS (AP) — It’s a grand day for the French. Cafe and restaurant terraces reopened Wednesday after a six-month coronavirus shutdown deprived residents of the essence of French “joie de vivre” — sipping coffee and red wine with friends. The French government is lifting restrictions incrementally to stave off a resurgence of COVID-19 and to give citizens back some of their world famous lifestyle. As part of the plan’s first stage, France’s 7 p.m. nightly curfew was pushed back…

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Susan Solomon, scholar of atmospheric chemistry and...
May 19, 2021
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Susan Solomon, an atmospheric chemist whose work explaining the Antarctic ozone hole informed international policy, has received the 2020-2021 James R. Killian, Jr. Faculty Achievement Award. The highest such honor at the Institute, the award was established in 1971 to honor Killian, who served as MIT’s 10th president from 1948 to 1959, and chair of the MIT Corporation from 1959 to 1971. As this year’s recipient, Solomon on April 14 delivered a one-hour lecture in which she touched on……

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More funding flows into Pipe, as buzzy...
May 19, 2021
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At the end of March, TechCrunch reported that buzzy startup Pipe — which aims to be the “Nasdaq for revenue” — had raised $150 million in a round of funding that values the fintech at $2 billion. Well, that deal has closed and in the end, Miami-based Pipe confirms that it has actually raised $250 million at a $2 billion valuation in a round that was “massively oversubscribed,” according to co-founder and co-CEO Harry Hurst. “We had originally allocated……

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Startup studio eFounders reaches portfolio valuation of...
May 19, 2021
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European startup studio eFounders has now been around for 10 years. And because a birthday sounds like a good opportunity to share some metrics, the portfolio companies have reached a valuation of $2 billion together — only 18 months after reaching $1 billion. eFounders says it is focused on building the future of work. In practical terms, it means the company is building B2B SaaS startups with a focus on productivity and workflows. For instance, Front, Aircall and Spendesk all……

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Financing for students startup StudentFinance raises $5.3M...
May 18, 2021
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Fintech startup StudentFinance — which allows educational institutions to offer success-based financing for students — has raised a $5.3 million (€4.5 million) seed round co-led by Giant Ventures and Armilar Venture Partners. It’s now raised $6.6 million total, to date. StudentFinance launched in Spain first, followed by Germany and Finland, with the U.K. planned this year. Existing investors Mustard Seed Maze and Seedcamp, along with Sabadell Venture Capital, also participated. The startup, which launched at the beginning of 2020,……

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Daily Crunch: How Expensify maintained its early-stage...
May 18, 2021
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To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. As summer kicks into gear, the IPO market is mimicking the season by cranking up its temperature. Today, TechCrunch explored the IPO filings from venture-backed Marqeta and software startup WalkMe. Squarespace direct lists later this week, along with public debuts from Oatly and Procore on Thursday. All this is great news for late-stage startups and their……

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