BusinessStartupsTechnology

BlaBlaCar’s India Comeback Makes It Company’s Largest Market

BlaBlaCar’s Indian user base has skyrocketed from 4.3 million in 2022 to a projected 20 million this year, making it the company’s largest market globally. The turnaround comes seven years after the French carpooling platform shut its local office following poor traction against Uber and Ola.

From Exit to Expansion

In what industry analysts are calling one of tech’s most surprising comebacks, French carpooling platform BlaBlaCar has quietly transformed India from a market it once abandoned into its largest user base worldwide. According to recent reports, the company projects 20 million passengers in India this year—nearly a 50% jump from 2023 figures and enough to surpass established markets like Brazil and France.

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Kong CEO Sees AI Infrastructure Boom Outlasting Bubble Fears

Kong CEO Augusto Marietti acknowledges the AI sector may be heading for a bubble but argues the massive infrastructure investments will ultimately prove necessary. He compares current spending to 19th century railroad construction that initially seemed excessive but became essential. Energy constraints remain the primary bottleneck for AI scaling, according to industry leaders.

The Infrastructure Bet Behind AI’s Growth

Despite growing concerns about an AI investment bubble, industry leaders are betting that today’s massive infrastructure spending will pay off long-term, even if some companies falter along the way. Kong CEO Augusto “Aghi” Marietti recently told Business Insider that while a market correction seems inevitable, the underlying infrastructure being built will remain critical to the technology’s future.

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Replit CEO Argues “Functional AGI” More Valuable Than True Artificial General Intelligence

Replit CEO Amjad Masad suggests the pursuit of true artificial general intelligence may be unnecessary for economic transformation. According to his recent comments, “functional AGI” capable of learning from real-world data could automate significant labor sectors without requiring human-like reasoning capabilities.

The Case for Functional AGI

Replit CEO Amjad Masad has articulated a vision for artificial intelligence that prioritizes practical economic impact over theoretical breakthroughs, according to reports from a recent podcast appearance. The tech executive suggested that what he terms “functional AGI” could transform society without requiring the development of human-like consciousness or reasoning capabilities that characterize true artificial general intelligence.

BusinessStartupsTechnology

Rivian CEO Assumes Interim Marketing Chief Role Amid 600+ Job Cuts Preceding R2 SUV Launch

Rivian founder and CEO RJ Scaringe is stepping into the chief marketing officer position temporarily during a major organizational shakeup. The electric vehicle maker is eliminating approximately 600 positions as it prepares for next year’s critical R2 SUV launch.

Leadership Restructuring at Electric Vehicle Maker

Rivian Automotive is undergoing significant organizational changes as founder and CEO RJ Scaringe assumes the role of interim chief marketing officer, according to reports from TechCrunch. The leadership shift comes alongside workforce reductions affecting roughly 4.5% of employees, which sources indicate translates to more than 600 positions across the company.