Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter. Peloton is selling roughly 24 million shares priced at $46 each, a slight discount to where the stock has been trading in the past few days. The news Tuesday morning slightly lifted...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
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