Tech Companies Face Setbacks - Apple Cancels Car, Bumble and Byju's Cut Jobs, Google Apologizes for AI Gaffe
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Apple cancels its secretive effort to build an autonomous electric vehicle, cutting hundreds of employees from the project.
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Bumble posted weak Q4 financial results and announced laying off 30% of its workforce, about 350 employees, to cut costs.
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Google apologized for an AI image model that injected diversity into photos with little regard for historical accuracy.
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Byju's investors voted to remove founder Byju Raveendran as CEO and filed a lawsuit over the company's recent rights issue.
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Toyota offered a $40,000 discount on the $66,000 Mirai fuel-cell car, but hydrogen infrastructure remains scarce.