Tech Brew Ride Home Tue. 02/08 – Nvidia And Arm Are Off
Feb 8, 2022
Big shifts are happening in the tech world! Nvidia's acquisition of Arm falls through, causing ripples. Peter Thiel bids farewell from Meta to champion Trump-aligned candidates. Peloton faces turmoil with a CEO exit and mass layoffs looming. Meanwhile, the IRS backs off facial recognition tech amidst privacy debates. Apple makes a splash by acquiring a startup for AI-generated music, enriching user experiences. Plus, Tinder finally stops charging older users extra for premium features. It's a whirlwind of tech news!
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NVIDIA and ARM Deal Collapses
- NVIDIA's acquisition of ARM has been cancelled due to regulatory challenges.
- SoftBank, ARM's owner, will pursue an IPO for ARM instead.
Peter Thiel Leaves Meta
- Peter Thiel, an early Facebook investor, has resigned from Meta's board.
- He plans to focus on the 2022 midterm elections, supporting Trump-aligned candidates.
Peloton CEO Steps Down
- Peloton CEO John Foley is stepping down, replaced by Barry McCarthy.
- Peloton will also cut 2,800 jobs and abandon plans for an Ohio factory.