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Photo-editing app VSCO has confirmed that it has laid off 24 employees amid a restructuring drive to refocus the company’s efforts toward creating tools for professional photographers. In an internal memo seen by TechCrunch, VSCO’s CEO Eric Wittman said the company’s consumer business had declined more than expected, and some of its new growth initiatives didn’t yield the expected results. He noted that the company had been EBITDA-positive for three of the past four years. And despite a decline in consumer business, other lines saw growth, even if it was not to the company’s liking. In the memo, he also…
Rivian CEO RJ Scaringe tours the inside of electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersDETROIT — Rivian Automotive will let artificial intelligence take the wheel to try to convince investors that its future can be more lucrative than its past.The all-electric vehicle maker is set to host its first “Autonomy and AI Day” Thursday as its core business of producing and selling EVs hasn’t been as fruitful as expected since its initial public offering in 2021.Shares of the automaker are off more than 80% since then as internal and external…
West Coast fliers, take note: Another exciting international route is now on sale from Seattle-based Alaska Airlines.The carrier has just announced the details and fares for its London-bound route, which is set to debut in late spring 2026, just in time for summer vacation. Alaska will operate daily, year-round flights from Seattle (SEA) to London Heathrow (LHR), starting on May 21, 2026. The carrier will use its Boeing 787 Dreamliner planes with cabins revamped for long-haul international travel on the new route to the United Kingdom.The new Dreamliners will feature upgraded business class cabins outfitted with 34 suites with lie-flat…
Microsoft plans to invest $17.5 billion in India over the next four years, expanding its AI and cloud footprint in the South Asian nation, whose vast online and smartphone user base is turning it into a critical battleground for global tech companies. Announced on Tuesday, the investment — Microsoft’s largest in Asia — will fund new data centers, AI infrastructure, and skilling programs from 2026 to 2029, building on the $3 billion the company committed in India in January. Microsoft’s move comes as major U.S. tech companies ramp up spending on data centers and AI compute worldwide, with India emerging…
If you’re in the market for a new vehicle, the remaining weeks of December could very well be a great time to buy. Several recurring industry trends converge at year-end, creating favorable conditions that can help you save money. The auto experts at Edmunds have come up with three key reasons why December often delivers the opportunity for better deals — and what to know to ensure you get the best one. Year-end sales quotas and dealership incentivesManufacturers and dealers operate under annual targets, and December is when they make their most concerted effort to meet them. According to Edmunds…
Even as Big Tech and American tech elites criticize how the European Union is implementing rules to regulate tech and AI on the continent, the bloc isn’t letting competition concerns slide. The European Commission has launched an investigation into whether Google may have breached EU’s competition laws by using content from websites without compensating owners to generate answers for its AI summaries that appear above search results. The EC also will look at how AI summaries use videos from YouTube to generate answers. The investigation will examine if Google is harming competition in the AI market by granting itself access…
LOS ANGELES (AP) — With eyes closed and a small mallet in hand, the Rev. Kyohei Mikawa gently struck the bronze Himalayan singing bowl resting in his palm and bathed the Buddhist sanctuary in a resonant hum.Mikawa spent the next 45 minutes skimming bowls, playing a tongue drum and chanting to create an immersive experience called a sound bath as he sat facing a dozen people relaxing or meditating on yoga mats.Sometimes known as sound healing or sound meditation, sound baths have surged in popularity over the past decade, driven by growing public interest in mental health and wellness. But…
Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee.AlquistA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Walmart partnered with construction company Alquist 3D last year to build an almost 8,000-square-foot addition to its store in Athens, Tennessee, for online order pickup and delivery…
The Trump administration hasn’t shied away from the many challenges facing air travel.In recent weeks, it has launched new campaigns designed to improve the experience for families and resuscitate the industry’s “golden age.” While infrastructure and staffing shortcomings continue to plague the experience, U.S. Department of Transportation (DOT) Secretary Sean Duffy has also been adamant that airports and airlines need to make healthier food and activities more accessible to travelers.On Monday, Duffy visited Ronald Reagan Washington National Airport in the nation’s capital to promote the administration’s push towards pre-flight whole foods and exercise. Duffy was joined by U.S. Secretary of…
Google will launch its first AI glasses in 2026, according to a company blog post. At Google’s I/O event in May, the company announced partnerships with Gentle Monster and Warby Parker to create consumer wearables based on Android XR, the operating system that powers Samsung’s Galaxy XR headset. But you can’t wear a bulky headset while out in the real world, which makes smart glasses appealing as a less obtrusive smart wearable. “For AI and XR to be truly helpful, the hardware needs to fit seamlessly into your life and match your personal style,” Google writes. “We want to give…