Here's a roundup of the week's notable news and tantalizing tidbits from the world of entrepreneurship.

1. Grammy-winning band embraces web technology for new single: The popular indie band Arcade Fire has made headlines with its pioneering use of modern web technology and open-source collaboration. The collaborators? You. Its latest video for "Reflektor" allows users to put their face into the video or manipulate the graphics using a computer mouse or mobile device. (Mashable)

2. Japan turns to women to ramp up startup ecosystem: The Japanese government is trying to build a stronger economy on the backs of female entrepreneurs. “Women are Japan's great underused asset,” says Hitoshi Masusa, the former director of governmental and technology agency located in Tokyo. For its "Japan is Back" campaign, the government is rolling out plans for a 20 billion yen ($200 million USD) fund to support female entrepreneurs. (CNN Money)

3. Big data debunks hiring myths: Don't let dated hiring and work-force management practices hurt your business. Big data is blowing the lid off traditional hiring folklore, opening up search criteria and allowing employers to make better hiring decisions. (The Atlantic)

4. Higher education needs a revolution: TechCrunch's Disrupt conference in San Francisco this week welcomed California's Lieutenant Governor Gavin Newson and Sebastian Thrun, the co-founder of online education website Udacity, to discuss the role technology plays in education. “This is code red,” said Newsom. “We have to do something dramatic. (LinkedIn Today)

5. Five ways to rebound: Being an entrepreneur, you may have your fair share of disappointments. How you handle major blows can define you as a person and the leader of your company. Here are five tips to help you deal with disappointment constructively. (Salon) 

6. The trep at the core of the iPhone 5S: One of the most talked about new features on the iPhone 5S is the fingerprint sensor technology. The story of how this feature got into one of the most popular consumer products ever created goes back more than a decade and starts with an entrepreneur named F. Scott Moody. (Charlotte Observer)

7. Failure is not cool: For entrepreneurs, research is key to evaluating risk and ensuring there is an actual need for your product or service. Yet, recently research has fallen by the wayside, as founders are less scared to fail and more concerned about producing a lean startup or creating an inexpensive minimal viable product. Erika Hall, author of Just Enough Research and co-founder of Mule Design Studio, offers an intriguing opinion on how the "failure culture" is stifling innovation. (Wired) 

8. Assimilation does nothing for diversity: Apparently, creating an established company culture or inclusion programs are stifling diversity by forcing individuals to conform. President of Matuson Consulting firm Roberta Chinsky Matuson weighs in on statements made in a recently released white paper titled Uncovering Talent by New York University School of Law Professor Kenji Yoshino and Deloitte University Leadership Center for Inclusion Managing Principal Christie Smith. (Fast Company)

9. Three defining rules of success: Separating the lucky from the exceptional, these three rules cut to the core of how great companies think and succeed. (Business Insider)

10. Google releases sophisticated photo-editing tools: Google announced it has integrated photo-editing technology Snapseed into Google +, making transforming and tweaking photos, well, a snap. Snapseed not only covers the basics but also has more advanced features that allow users to apply filters, edit only certain areas of a picture and overlay various effects. (CNET)