Peloton CEO Barry McCarthy announced plans to cut another 500 jobs, the latest step in the restructuring of the struggling exercise equipment maker. McCarthy also said that Peloton needs to show within six months that growth initiatives it has taken, such as selling through Amazon and Dick’s Sporting Goods, are yielding fruit, according to a spokesman for Peloton. The spokesman denied a report...
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Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
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