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San Francisco Car Rental Startup Kyte, Once Seen as Hertz Rival, Shuts Down

2 months 2 weeks ago
Kyte, a rental car startup once touted as a modern alternative to Hertz, has shut down after years of rapid growth followed by mounting financial troubles. From a report: Founded in 2017, the San Francisco company built its brand by delivering rental cars directly to customers' doors, eliminating the paperwork and long waits of traditional counters. At its peak, Kyte operated in 14 U.S. cities, managed a fleet of more than 2,000 vehicles and raised nearly $300 million from backers including Goldman Sachs and Ares Management.

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Amazon Cloud Chief Says Replacing Junior Staff With AI is 'Dumbest' Idea

2 months 2 weeks ago
Matt Garman, Amazon's cloud boss, has a warning for business leaders rushing to swap workers for AI: Don't ditch your junior employees. From a report: The Amazon Web Services CEO said on an episode of the "Matthew Berman" podcast published Tuesday that replacing entry-level staff with AI tools is "one of the dumbest things I've ever heard." "They're probably the least expensive employees you have. They're the most leaned into your AI tools," he said. "How's that going to work when you go like 10 years in the future and you have no one that has built up or learned anything?" Garman said companies should keep hiring graduates and teaching them how to build software, break down problems, and adopt best practices. He also said the most valuable skills in an AI-driven economy aren't tied to any one college degree. "If you spend all of your time learning one specific thing and you're like, 'That's the thing I'm going to be expert at for the next 30 years,' I can promise you that's not going to be valuable 30 years from now," he said.

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It Is Very Hard To Catch AWS On The Clouds

2 months 2 weeks ago

Years before Amazon Web Services launched in March 2006, there were a slew of grid computing startups and incumbent system makers – and a few of them with deep supercomputing experience – that were hawking remotely accessible, utility-style computing on demand. …

It Is Very Hard To Catch AWS On The Clouds was written by Timothy Prickett Morgan at The Next Platform.

Timothy Prickett Morgan