Faulty bike seats prompt Peloton to issue recall in the US

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Good morning, Quartz readers!


Right here’s what you have to know

Peloton inventory hit an all-time low. Shares dipped after the train gear maker issued a recall of 2.1 million train bikes over defective seats.

Adidas confirmed it can begin promoting its Yeezy inventory. A part of the proceeds will go in the direction of charity, and half to the rapper previously often known as Kanye West.

Apple is opening its first on-line retailer in Vietnam. The launch, set for Could 18, exhibits the iPhone maker searching for development amongst youthful, mobile-first populations in rising markets.

Turkey’s upcoming election could have broad implications for NATO and the Ukraine battle. And the polls aren’t wanting nice for incumbent presidential candidate Recep Tayyip Erdoğan.

Man Group’s first-ever feminine CEO

Pop quiz: How lengthy has Man Group, the world’s largest listed hedge fund, waited earlier than appointing a girl to the highest job?

A. 40 years
B. 100 years
C. 200 years
D. 240 years

Discover the reply and extra particulars about Robyn Grew’s milestone appointment in this piece from Quartz reporter Cassie Werber.


AI hallucinations

Illustration: Vicky Leta

ChatGPT isn’t all the time proper—it informed our podcast host Scott Nover that he’d received a prestigious press award for a narrative he’d by no means written and that he works at a unique publication totally.

If it doesn’t know the information, why doesn’t it simply say so? Chatbots can’t really lie, per se, as that means intent. However researchers generally name these untruthful performances “hallucinations”—not fairly a lie, however a imaginative and prescient of one thing that isn’t there.

In the newest episode of the Quartz Obsession podcast Scott talks to Quartz emerging tech reporter Michelle Cheng about what’s actually occurring right here, and what does it inform us about how we should always use these AI methods?

🎧 Hear proper now!

✅ Or discover it wherever you get your podcasts: Apple Podcasts | Spotify | Google | Stitcher | YouTube 

📖 Additional studying: How OpenAI ushered within the generative AI increase: a short historical past, and the member-exclusive “Do AIs dream of electrical sheep?” (Wish to turn out to be a member? Join right now to obtain the Weekend Transient and our new member e mail, Sunday Reads!)


Who would you decide to switch Elon Musk?

Elon Musk tweeted that he has employed a brand new CEO for X/Twitter, however saved the identification of his successor below wraps. The one factor we all know for now could be that the person in query is a girl.

Again in December, Quartz crowdsourced an in depth listing of potential Twitter CEOs and, admittedly, only a few candidates had been feminine. Listed here are a few of the ladies who made our listing:

  • Former Meta COO Sheryl Sandberg
  • Former Wikimedia CEO Katherine Maher
  • TikTok COO Vanessa Pappas

Who might be Twitter’s subsequent CEO? The Wall Avenue Journal says NBCUniversal’s promoting head Linda Yaccarino is in talks for the job, however e mail us your decide, and we’ll share a few of the highlights in Monday’s e-newsletter.


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Stunning discoveries

Traders had been conned out of 78,000 cows. The six-year enterprise scheme milked one agriculture lender out of $100 million.

Google is including video conferencing apps to its built-in automotive software program. No extra utilizing site visitors as an excuse to be late or skip a gathering.

People are nonetheless higher at taking quick meals orders than AI. A McDonald’s pilot discovered that 80% of AI orders had been made accurately, whereas people had been about 95% proper.

The super-rich are gobbling up prime London properties at a charge not seen since Brexit. They’re utilizing the abodes, which in all probability have pristine hedges of their very own, as hedges towards inflation.

Job satisfaction within the US reached a three-decade excessive. However a better take a look at the survey’s outcomes surfaces a startling satisfaction hole alongside gender traces.


Our greatest needs for a productive day. Ship any information, feedback, cows, and cow print the whole lot to [email protected]. Reader assist makes Quartz obtainable to all—turn out to be a member. At present’s Every day Transient was dropped at you by Sofia Lotto Persio and Morgan Haefner.

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