Swedish electric car company Polestar is slashing its workforce by 15 percent globally. About 450 employees are expected to be let go due to “challenging market conditions.” The news comes despite its six percent increase in global car deliveries compared to 2022, according to its recent fourth quarter global fiscal report.
The company did, however, warn that it would reduce its headcount back in May 2023 which was around the same time it announced its production goals were disappointingly off by 10,000 to 20,000 cars from its initial goal. Polestar defended its decisions and explained it was “intensifying its focus” on cutting costs to make the business more efficient.
Despite delays in shipments last year, the 2024 Polestar 2 lineup is coming in strong with a suite of new upgrades, including longer mileage and faster charging. However, the company is faced with the issue that buyers might be turned off by its nearly $ 50,000 price tag when they can get newer models produced by rivals like Tesla for more than $ 10,000 less.
Job cuts across the EV sector have become commonplace, with rivals like Lucid Motors’ announcement to cut 18 percent of its workforce last year and Rivian slashing six percent. These trends might be due to the fact that supply chain issues are a huge problem in the EV industry, coupled with buyer hesitancy to invest in electric cars.
This article originally appeared on Engadget at https://www.engadget.com/ev-maker-polestar-cuts-15-percent-of-its-workforce-globally-154941678.html?src=rss
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For the longest time after the touchscreen revolution, Samsung finally loses market share to Apple by a year-to-year growth decline of more than 10%.
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Electric vehicle startup Rivian is reportedly working on an e-bike. According to Bloomberg, CEO RJ Scaringe told Rivian employees of the project during a company-wide meeting the automaker held on Friday. He said the startup had a “small group” of engineers working on a bike.
Bloomberg couldn’t confirm if Scaringe was referring to an electric motorcycle or bicycle, but the outlet notes Rivian has patents for cycling components and designs. In the past, Scaringe has said Rivian wants to expand into the micromobility market eventually. Rivian did not immediately respond to Engadget’s comment request.
The news that Rivian could be working on an e-bike comes in the same week that the company announced layoffs that would affect six percent of its workforce. The cuts represent the second major restructuring Rivian has undertaken in less than a year. The company said the move was an effort to refocus itself on scaling production of its R1T and R1S EVs and, in turn, put Rivian on the path to long-term profitability. On Friday, Scaringe reportedly told employees Rivian had spread itself thin by trying to do too much at once.
Attempting to expand into the e-bike market when the company has yet to make a profit might not make much sense, but there’s a compelling reason for Rivian to pursue that strategy. Even before the pandemic, the cycling market was growing thanks to the popularity of e-bikes. In fact, electric bikes have consistently outsold electric cars and trucks. It’s no surprise since they’re significantly cheaper to produce and thereby cost less for consumers to buy. A bike then could be what Rivian needs to become profitable sooner.
Last September Getty Images banned the inclusion of AI-generated works in its commercial database over copyright concerns. On Tuesday, Getty Images announced that it is suing Stability AI, maker of the popular AI art tool Stable Diffusion, in a London court over alleged copyright violations.
"It is Getty Images’ position that Stability AI unlawfully copied and processed millions of images protected by copyright and the associated metadata owned or represented by Getty Images absent a license to benefit Stability AI’s commercial interests and to the detriment of the content creators," Getty Images wrote in a press statement released Tuesday. "Getty Images believes artificial intelligence has the potential to stimulate creative endeavors."
"Getty Images provided licenses to leading technology innovators for purposes related to training artificial intelligence systems in a manner that respects personal and intellectual property rights," the company continued. "Stability AI did not seek any such license from Getty Images and instead, we believe, chose to ignore viable licensing options and long‑standing legal protections in pursuit of their stand‑alone commercial interests."
The details of the lawsuit have not been made public, though Getty Images CEO Craig Peters told The Verge, that charges would include copyright and site TOS violations like web scraping. Furthermore, Peters explained that the company is not seeking monetary damages in this case so as much as it is hoping to establish a favorable precedent for future litigation.
Text-to-image generation tools like Stable Diffusion, Dall-E and Midjourney don't create the artwork that they produce in the same way people do — there is no imagination from which these ideas can spring forth. Like other generative AI, these tools are trained to do what they do using massive databases of annotated images — think, hundreds of thousands of frog pictures labelled "frog" used to teach a computer algorithm what a frog looks like.
And why go through the trouble of assembling and annotating a database of your own when there's an entire internet's worth of content there for the taking? AI firms like Clearview and Voyager Labs have already tried and been massively, repeatedly fined for scraping image data from the public web and social media sites. An independent study conducted last August concluded that a notable portion of Stable Diffusion's data was likely pulled directly from the Getty Images site, in part as evidenced by the art tool's habit of recreating the Getty watermark.
Destiny 2 developer Bungie has been on a legal spree recently: It sued one user over cheating and threats against its employees, as well as a YouTuber who issued nearly 100 false DMCA claims against other creators. But after suing the cheat developer AimJunkies last year, Bungie is now facing a countersuit. AimJunkies claims the developer illegally hacked an associate's computer, reports TorrentFreak (via Kotaku). Additionally, they allege Bungie also violated the DMCA by breaking through that machine's security.
Bungie's current Limited Software License Agreement (LSLA) gives the company's BattleEye software permission to scan computers for anti-cheat tools, but that wasn't true back in 2019, when the alleged hack began. According to AimJunkie's counter-suit, Bungie accessed a computer owned by its associate James May several times throughout 2019 and 2021. It goes on to allege that Bungie used information from those hacks to gather information about other potential suspects.
Phoenix Digital, the company behind AimJunkies, didn't stop there. It also claims the Bungie violated its Terms of Service by buying AimJunkies' software and reverse-engineering its source code. If this all sounds a bit ironic, that's because Bungie accused the company of similar tactics in its original suit. James May and Phoenix Digital are demanding damages, as well as an end to any future hacks and DMCA breaches. We've asked Bungie for comment, and will update if we hear back.
Lego is no stranger to video game collaborations. The legendary brick maker has already developed sets based on Mojang's Minecraft phenomenon and Blizzard’s popular Overwatch shooter, for instance. The company’s upcoming Mario range is a little diffe…
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TikTok parent company ByteDance has built a feature that could let users create their own deepfakes, TechCrunch reports. The feature, referred to as Face Swap, was spotted in code in both TikTok and the Chinese app Douyin. It asks users to scan their…
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Everyone remembers when the rug was pulled out from under Huawei’s feet the day before they planned to announce a partnership with AT&T to sell the new Mate 10 Pro. It was the talk of CES 2018 and the result of the US government’s claim that the Chinese company was a threat to national security. […]
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Did you ever use Samsung’s built-in Movie Maker application on your Galaxy devices? If not, don’t feel bad; it was pretty well hidden, and obviously fairly underutilized as Samsung will be dropping the feature after the next major Android update. If you did use it, though, pay attention. After your Samsung device is updated to Android P, […]
Come comment on this article: Samsung will discontinue its built-in Movie Maker after Android P update
As Google I/O 2017 starts to wind down and fans plot their new developments or their next big purchase based on Google tech, the enterprise market got some welcome news about some tools Google will roll out for G Suite. G Suite is Google’s platform mainly intended for the enterprise that gives companies access to […]
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Sirin Labs, makers of the $ 14,000 Solarin phone, proves that getting ahead in smartphone manufacturing today is a true challenge, as news spreads of a change in strategy and not enough sales.
The post Maker of a $ 14,000 super-secure phone gets cold feet after low sales force cuts appeared first on Digital Trends.
HTC and Quanta Computer recently made a huge investment in Lumus, a maker of transparent optical screens for augmented reality-based glasses. The screens are based on the Lumus Optical Engine that blends digital and physical worlds.
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Google has announced that it will shut down Map Maker, the tool that allowed any Google Maps user to contribute edits to the company’s Maps platform, in favor of its invite-only Local Guides program.
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Those rumors of Verizon launching the Droid Turbo 2 and Droid Maxx 2 at its October 27th event? They just got much more concrete. Droid-Life has obtained leaked promos spilling the beans on both of the carrier-specific Motorola smartphones. As susp…
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Meld is a cool device, a retrofittable knob that smartens up your existing stove, but its Kickstarter was canceled after the company was acquired. Backers are not happy, to say the least.
The post Meld backers fired up after the smart stove knob maker cancels Kickstarter appeared first on Digital Trends.