Apple cancels its automotive, Google’s AI goes awry and Bumble stumbles

Hiya, people, welcome to Week in Overview (WiR), Information World’s publication overlaying noteworthy happenings within the tech trade.

This week, funding agency KKR introduced that it might purchase VMware’s end-user computing enterprise from Broadcom for $4 billion. As Ron explains, that enterprise included VMware Workspace One and VMware Horizon — two distant desktop apps that had been a part of VMware’s household of merchandise.

Elsewhere, Mistral, the French AI startup, launched a brand new mannequin to rival OpenAI’s GPT-4 — and its personal cheekily named chatbot dubbed Le Chat. The releases have been timed with a Microsoft partnership to offer Mistral fashions to Microsoft’s Azure clients — and a minority funding ($16 million) from Microsoft in Mistral.

Tons else occurred. We recap all of it on this version of WiR — however first, a reminder to enroll to obtain the WiR publication in your inbox each Saturday.

Information

Apple automotive canceled: Apple has scuttled its secretive, long-running effort to construct an autonomous electrical automotive. The corporate is probably going chopping a whole lot of workers from the crew, and all work on the challenge has stopped. It joins an inventory of different initiatives Apple has scrapped in varied phases, together with AirPower and a TV (to not be confused with Apple TV).

Bumble stumbles: Bumble posted weak This fall outcomes exhibiting a $32 million web loss and $273.6 million in income — under Wall Avenue expectations. To proper the ship, CEO Lidiane Jones introduced that 30% of Bumble’s workforce, or about 350 workers, could be let go and that Bumble would embark on an app overhaul focused at reviving progress.

Google’s AI goes awry: Google has apologized for an embarrassing AI blunder this week: A picture-generating mannequin that injected variety into footage with a farcical disregard for historic context. Whereas the underlying subject is completely comprehensible, Google blames the mannequin for “turning into” oversensitive.

Unhealthy look: Matt Mullenweg, CEO of Tumblr proprietor Automattic, is meant to be on sabbatical. As a substitute, he argued with Tumblr customers this week over a content material moderation determination that sparked accusations of transphobia, Amanda experiences.

Founder compelled out: A bunch of Byju’s traders final Friday voted to take away the edtech group’s founder and chief government, Byju Raveendran, and individually filed an oppression and administration go well with in opposition to the management on the agency to dam the not too long ago launched rights subject.

Funding

GenAI ebooks: Inkitt, a self-publishing platform utilizing AI to develop bestsellers, has raised $37 million. The startup’s app lets individuals self-publish tales, after which, utilizing AI and knowledge science, selects what it believes are probably the most compelling of those to tweak and subsequently distribute and promote.

Preserving it old fashioned: Lapse has raised $30 million for its smartphone app that has you look ahead to images to be “developed” — with no probability of modifying and retaking — earlier than sharing them with a choose group of buddies when you select.

Evaluation

Techstars reckoning: Mary Ann interviewed Maëlle Gavet, CEO of the startup accelerator program Techstars, within the wake of modifications to its operations which have attracted biting criticism.

Podcasts

On Equity, the crew talked by means of startup information from Microsoft and Mistral AI, Thrasio and Glean — and in addition coated happenings over at COTU Ventures and Zacua Ventures.

In the meantime, Found spotlighted Ariel Kaye, the founding father of Parachute, a direct-to-consumer bedding and residential items firm.

And for Chain Reaction, TC pulled from the archives to air an earlier dialog with Jack Lu, CEO and co-founder of Magic Eden, a “community-centric” NFT market.

Bonus spherical

Steeply discounted Mirai: Toyota is providing $40,000 off a 2023 Toyota Mirai Restricted, a fuel-cell car that retails for $66,000 — plus $15,000 in free hydrogen over six years. As Tim writes, there’s just one catch: discovering the hydrogen to energy it.