Core Insights - Vimeo is laying off a significant portion of its global staff following its acquisition by Bending Spoons for $1.38 billion [1][2] - Bending Spoons confirmed the layoffs but did not disclose the exact number of job losses, indicating that a "large portion" of Vimeo's workforce will be affected [2] - Vimeo has been struggling to compete in the video-hosting market, primarily dominated by YouTube, and has been focusing on AI technologies to enhance its offerings [3] Company Overview - Vimeo was founded in 2004 and has faced challenges in establishing a strong market position against competitors like YouTube [3] - The company has recently announced plans to introduce AI-powered tools for script-writing and video editing, as well as additional AI tools aimed at connecting filmmakers' content to AI workflows [3] Acquisition Context - Bending Spoons, the Italian tech conglomerate, acquired Vimeo in an all-cash deal last year, which is part of its strategy to expand its portfolio by acquiring other tech platforms like Meetup, Evernote, and WeTransfer [1][3]

Core Insights - General Motors is shifting vehicle production from China and Mexico to a factory in Kansas, ending the production of the Chevrolet Bolt EV at the Fairfax Assembly Plant [1][4] - The economic and political landscape, influenced by the Trump administration's tariff policies and the cessation of the federal EV tax credit, has increased production costs for vehicles made in China and Mexico [2] - The production of the 2027 Chevy Bolt EV is expected to conclude in approximately 18 months, with its price set at $29,990, making it one of the most affordable EVs in the U.S. market [3] Production Changes - The next-generation Buick Envision will be produced at the Kansas facility starting in 2028, while the gas-powered Chevrolet Equinox will transition from Mexico to Kansas by mid-2027 [4] - GM has indicated that the Bolt will have a limited production run, with plans already in place for the Equinox to replace it at the Fairfax plant [5] Future Investments - GM has committed to future investments in the Fairfax Assembly Plant for the development of new affordable EVs, although the timeline for these investments remains uncertain [5]

There’s a feeling of schadenfreude in Silicon Valley when a unicorn stumbles. So when the WSJ broke the news Thursday afternoon that Capital One will acquire Brex for $5.15 billion in cash and stock (Capital One issued an official release confirming the details thirty minutes later), you could practically hear the collective snickering from Sand Hill Road to San Francisco’s South Park. That figure represents less than half of Brex’s last private-market valuation of $12.3 billion from its 2022 Series D-2 rou ...

In Brief An ongoing Microsoft outage is preventing enterprise customers from accessing email inboxes, files, meetings, and other Microsoft cloud services.The technology giant said in a post on X around 2:30 p.m. ET that the outage was caused by a “portion of service infrastructure in North America that is not processing traffic as expected.” Microsoft didn’t provide specific details of the cause of the outage, but said it was “working to restore the infrastructure to a healthy state to achieve recovery.” M ...

In Brief Tesla is offering passengers robotaxi rides in Austin without a human safety driver in the front seat.CEO Elon Musk on Thursday posted on X, his social media platform: “Just started Tesla Robotaxi drives in Austin with no safety monitor in the car. Congrats to the Tesla AI team!”  He then made a recruitment pitch for engineers interested in “solving real-world AI,” which he says will “likely lead to AGI” to join the Tesla AI team. The automaker launched its robotaxis in the Texas city last June in ...

In Brief Meta is about to go on trial in New Mexico, accused of not doing enough to protect kids from sexual exploitation on its platforms. As the court date gets closer, Meta’s lawyers are working hard to limit what can be used against the company in court. According to public records reviewed by Wired, the company wants to block research about social media’s impact on youth mental health, stories about teen suicides linked to social media, any mention of Meta’s finances, the company’s past privacy violati ...

Waymo robotaxis can now be hailed by the public in Miami. The company said Thursday it will initially open the service, on a rolling basis, to the nearly 10,000 local residents on its waitlist. Once accepted, riders will be able to hail a robotaxi within a 60-square-mile service area in Miami that covers neighborhoods such as the Design District, Wynwood, Brickell, and Coral Gables. Waymo said it plans to eventually expand to Miami International Airport, but didn’t provide a timeline beyond that it was co ...

Clothing and fitness data company Under Armour said it is investigating claims of a data breach after a cybercriminal posted millions of customer records to a hacker forum.The seller told TechCrunch that the data was taken in a November data breach, which the Everest ransomware gang claimed responsibility for in a post on its dark web leak site at the time.  News of the data theft became more widely known this week after breach notification site Have I Been Pwned obtained a copy of the stolen data, and not ...

Core Insights - Apple is reportedly developing an AI wearable device, described as a pin that can be worn on clothing, featuring two cameras and three microphones [1][2] - The AI hardware market is becoming increasingly competitive, with OpenAI also planning to launch its first AI hardware device, potentially a pair of earbuds, later this year [2] - Apple's device is designed to be a thin, flat, circular disc, similar in size to an AirTag but slightly thicker, and will include various features such as a physical button, a speaker, and a charging strip [3][4] Market Context - The potential release of Apple's AI pin could occur in 2027, with an estimated launch of 20 million units [4] - Previous attempts at similar products, such as the AI pin from Humane AI, faced challenges and ultimately led to the company's shutdown, raising questions about consumer interest in such devices [5]

Core Insights - Apple's upcoming Siri revamp aims to transform the smart assistant into a chatbot similar to ChatGPT, potentially becoming a highlight of the WWDC presentation in June [1] Group 1: Siri Revamp - The Siri chatbot, codenamed "Campos," will support both voice and text inputs, indicating a shift in strategy from Apple's previous stance against making Siri a chatbot [2] - Apple senior vice president Craig Federighi had previously expressed a desire for Siri to be integrated into the user experience rather than functioning as a standalone chatbot [2] Group 2: Competitive Landscape - Apple may perceive a threat from OpenAI's plans to enter the hardware market, led by former Apple design head Jony Ive [3] - The company has been lagging in the AI sector, having delayed the rollout of a more personalized Siri and explored partnerships with AI competitors before ultimately selecting Google's Gemini as its AI partner [4]