Gadgets

Peloton to lay off 400 employees as CEO Barry McCarthy departs

Peloton, the exercise equipment maker and online fitness course provider, said it is laying off 15% of its workforce (about 400 people) as part of cost-cutting measures. The company also said its CEO, president, and board director, Barry McCarthy, would step down after two years in the role. McCarthy, who was previously CFO at Spotify

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a16z-backed Rewind pivots to build AI-powered pendant to record your conversations

In 2022, Rewind had just raised $10 million from a16z and was building a personal data recording service that promised to privately record your activity and let you search through your own history. But that was before OpenAI launched ChatGPT. Today, generative AI can make what Rewind had built previously — a searchable record of

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