Today’s Stories
Fitbit Acquires Vector Smartwatch Startup
In the latest move by Fitbit to expand its presence in the wearable market, the company has acquired Vector, a smartwatch startup. This acquisition is part of Fitbit’s strategy to continue rolling up the industry and increasing its market share.
As reported by Source 1, Vector was founded in 2015 with the goal of creating high-end smartwatches that could rival those from major brands like Apple and Samsung. The company has developed a range of products, including the Vector 2, which boasts advanced features such as GPS tracking, heart rate monitoring, and water resistance.
The acquisition is expected to help Fitbit further solidify its position in the market, with plans to integrate Vector’s technology into its existing product lineup. This move comes at a time when wearable devices are becoming increasingly popular, with more consumers looking for high-end features and sleek designs.
Related: Fitbit Acquires Another Smartwatch Startup
Marissa Mayer Resigns from Yahoo Board
In a surprise move, Marissa Mayer has announced her resignation from the board of Yahoo, effective immediately. The news comes as the company undergoes significant changes, with its remaining assets being rebranded as Altaba.
As reported by Source 2, Mayer’s departure is seen as part of a larger restructuring effort at Yahoo, which has been struggling to regain its footing in the wake of various scandals and setbacks. The company’s new CEO, Greg Williams, will take over the reins, with plans to refocus on core business areas.
Mayer’s resignation marks the end of an era for Yahoo, which once was a major player in the tech industry. Her departure is seen as a significant blow to the company’s efforts to revamp its image and regain credibility.
Related: Marissa Mayer Resigns from Yahoo Board
Apple Says Consumer Reports MacBook Pro Battery Testing Used Flawed Methods
In a statement released by Apple, the company has claimed that Consumer Reports’ testing methods for MacBook Pro batteries were flawed and misleading. The report in question found that some MacBook Pro models had issues with battery life, leading to criticism from consumers.
As reported by Source 3, Apple argues that the testing methods used by Consumer Reports were incorrect and failed to account for various factors that could affect battery performance. The company claims that its own internal tests show that the batteries in question meet industry standards and provide adequate performance.
The controversy highlights the ongoing debate between tech companies and consumer advocacy groups over issues of transparency and testing methods.
Related: Apple Slams Consumer Reports’ Testing Methods
Sources: Amazon Quietly Acquired AI Security Startup Harvest.ai for Around $20M
According to sources close to the deal, Amazon has acquired AI security startup harvest.ai in a move aimed at strengthening its cloud computing capabilities. The acquisition is reportedly worth around $20 million.
As reported by Source 4, harvest.ai’s technology focuses on artificial intelligence-powered threat detection and mitigation for cloud-based systems. The startup’s expertise is seen as complementary to Amazon’s existing offerings in the cloud security space.
The deal is a testament to Amazon’s commitment to expanding its presence in the AI and machine learning sectors, which are increasingly critical components of modern computing infrastructure.
Related: Amazon Acquires AI Security Startup Harvest.ai
About the Author:
Khaled ‘Tito’ Hamze is a seasoned journalist and editor with a passion for startups, tech, media, and tacos (and cake). With years of experience in creating engaging content, Tito brings his expertise to TechCrunch, where he serves as host and editor. When not working on the next big story, Tito enjoys experimenting with new recipes and sharing his love for tacos with friends.
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