In a 15-page letter on September 26, Snap chief executive Evan Spiegel told employees his plan to achieve full-year profitability in 2019 and refocus the company around new strategies. He admitted that the company’s redesign created many problems and “lost the core of what made Snapchat the fastest way to communicate.” That widely criticized redesign led to Snapchat’s first-ever decline in daily active users last quarter. Spiegel now wants the company to focus on adults, not teens, and messaging, not stories. Continue reading Snap Chief Exec Outlines a New Plan for Profitability, Growth

Boston Dynamics, a robotics company owned by Google’s parent Alphabet, has introduced a robot that is making leaps and bounds in the industry — literally. Handle, as the robot is called, can jump over obstacles, go down stairs, and lift objects up to 100 pounds. The impressive machine has two legs with wheels that allow it to move fluidly. Unlike other robots that generally move slowly and deliberately, Handle can use its momentum without losing control to get around more easily. Continue reading Boston Dynamics Creates a Robot with Humanlike Movement

According to multiple reports, Toyota Research Institute is close to acquiring two robotics divisions from Google parent Alphabet Inc. “The Japanese automaker is discussing an acquisition of Alphabet’s Boston Dynamics — known for the Cheetah, which is claimed to be the world’s fastest-legged robot — and Schaft, a venture that was led by two former Tokyo University professors,” Fortune explains. Numerous reports suggest that tension has been mounting between Google and Boston Dynamics since 2014, tension that reached a tipping point this year when Boston Dynamics released a video of its Atlas humanoid robot that received positive tech press, but many found “unsettling,” according to Tech Insider. Continue reading Toyota Reportedly in Talks to Buy Google Robotics Companies