Saturday, August 28, 2021

Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs. https://ift.tt/3zpQ9Jp
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EU Commission President Ursula von der Leyen calls AI "the second tipping point of our times", alongside climate change, and says its risks must be "addressed" (Financial Times)

Financial Times : EU Commission President Ursula von der Leyen calls AI “the second tipping point of our times”, alongside climate change...