rivian Rivian Boosts 2022 Loss Forecast to $5.45 Billion Amid Supply Chain Woes Rivian maintains its target of delivering 25,000 electric vehicles this year despite expecting an extra $700 million in cash burn. The automaker reports rising preorders and a Q2 revenue beat as it navigates inflation and recent layoffs.
amazon Amazon Turns Controversial Ring Camera Footage Into Syndicated Comedy Show Amazon and MGM are launching "Ring Nation," a new TV show hosted by Wanda Sykes that repurposes Ring security camera footage into comedy, sparking major privacy concerns.
irobot iRobot Slashes 10% of Workforce Amid Amazon Acquisition News iRobot announces a restructuring plan that eliminates 140 jobs, cutting 10% of its global staff. The company insists the layoffs are completely separate from its recent Amazon acquisition announcement.
amazon Amazon Acquires iRobot as Bolt Mobility Abruptly Vanishes TechCrunch's top stories this week include Amazon's $1.7 billion purchase of iRobot and the sudden disappearance of Bolt Mobility's scooter fleets. Meanwhile, Y Combinator scales back its massive startup batches and Robinhood cuts another 23% of its staff.
amazon Amazon Acquires Roomba Maker iRobot for $1.7 Billion to Boost Smart Home Lineup Amazon agrees to purchase iRobot, the company behind the Roomba vacuum, in a $1.7 billion deal to expand its smart home ecosystem. The acquisition gives the tech giant a major foothold in the consumer robotics market.
amazon Amazon Acquires Roomba Maker iRobot in $1.7 Billion All-Cash Deal Amazon announces a $1.7 billion all-cash acquisition of iRobot, the company behind the famous Roomba robotic vacuum. The deal brings together Amazon's smart home ambitions with iRobot's decades of home robotics experience.
india India Withdraws Controversial Personal Data Protection Bill The Indian government unexpectedly withdraws its 2019 Personal Data Protection Bill following heavy criticism from privacy advocates and tech giants. Lawmakers plan to draft a new, more comprehensive legal framework for the digital ecosystem.
amazon Amazon Posts Strong Q2 Revenue Despite Ongoing Cost Pressures Amazon surpasses second-quarter revenue expectations and provides an optimistic third-quarter forecast, causing shares to jump over 13%. The tech giant reduces its massive workforce by 99,000 employees as it navigates inflation and pandemic-era overexpansion.
big tech Big Tech Faces Turbulent Earnings Season Amid Economic Headwinds Major technology companies prepare to report second-quarter earnings this week under the shadow of inflation and recession fears. Despite the gloomy macroeconomic backdrop, early signs from Samsung and Amazon offer cautious hope for the sector.
amazon Amazon Develops Alexa Feature to Mimic Voices of Deceased Relatives Amazon reveals a new AI system that allows Alexa to replicate a deceased loved one's voice from less than a minute of audio. The technology draws heavy criticism and dystopian comparisons from the public.
amazon Amazon Unveils CodeWhisperer AI to Challenge GitHub Copilot Amazon launches CodeWhisperer, an AI pair programming tool that autocompletes code based on simple comments. The tool actively highlights open-source license information to help developers avoid copyright issues.
amazon Amazon Shows Off Alexa's Shift Toward Natural, Exploratory Conversations Amazon highlights a new direction for Alexa that moves away from rigid question-and-answer interactions toward fluid, exploratory chats. The technology aims to mimic human conversation by allowing topics to naturally segway into related subjects.
alexa Amazon Showcases Alexa Feature That Clones Voices From One Minute of Audio Amazon reveals a new Alexa capability that clones a deceased relative's voice to read stories using just one minute of audio. The impressive technology frames voice replication as a conversion task rather than a traditional generation path.
amazon Amazon Unveils Alexa Feature to Clone Voices from Short Audio Clips Amazon announces a new AI capability that synthesizes a short audio clip into longer speech, allowing Alexa to mimic the voice of a deceased loved one to read stories. The technology requires only one minute of recording to produce a high-quality voice.
amazon Former Amazon Executive Dave Clark Takes the Helm at Flexport Departing Amazon consumer chief Dave Clark joins logistics startup Flexport as co-CEO to help scale the company into a global supply chain powerhouse.