Toyota recalls, Google and Microsoft layoffs, and ‘open banking’: Business news roundup

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Image: Lexus, Bloomberg (Getty Images), Shelby Tauber/Bloomberg (Getty Images), Photo: The Washington Post (Getty Images), Robert Gauthier/Los Angeles Times (Getty Images), Rafael Henrique/SOPA Images/LightRocket (Getty Images), Ivan-balvan (Getty Images), Illustration: Theerayut Kaenthao (Getty Images), Dan Kitwood (Getty Images)

The twin0turbo V6 of the Lexus LX600
Image: Lexus

The latest generation of the Toyota Tundra and the Lexus LX improved over the previous models in a big way: Toyota’s ancient, gas-guzzling 5.7-liter V8 was dropped in favor of a brand new twin-turbo 3.5-liter V6. With up to 409 horsepower (389 horsepower in the Tundra) it makes more power and gets better gas mileage than the V8 it replaced. Unfortunately, within a year or so of the new engine debuting in the Toyota Tundra and Lexus LX, some owners began reporting problems. They all had one thing in common: engine failure. Now, as The Drive reports, Toyota finally found a reason for the failures and is issuing a recall.

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Oceanfront properties in the Daytona Beach Shores community suffered damage from beach erosion during Tropical Storm Nicole in November 2022.
Photo: The Washington Post (Getty Images)

Lisa Hendrickson is almost out of sand.

Hendrickson is the mayor of Redington Shores, Florida, a well-heeled beach town in Pinellas County. Her town occupies a small section of a razor-thin barrier island that stretches down the western side of the sprawling Tampa Bay metro area, dividing cities like Tampa and St. Petersburg from the Gulf of Mexico. Many of her constituents have an uninterrupted view of the ocean.

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Illustration: Theerayut Kaenthao (Getty Images)

The banking industry took its time to transition from paper bills to plastic cards. Now it’s in the midst of a more rapid transformation: going digital.

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Flooding in Houston from Tropical Storm Harvey in 2017.
Photo: Robert Gauthier/Los Angeles Times (Getty Images)

Summers keep getting hotter, and the consequences are impossible to miss: In the summer of 2023, the Northern Hemisphere experienced its hottest season in 2,000 years. Canada’s deadliest wildfires on record bathed skylines in smoke from Minnesota to New York. In Texas and Arizona, hundreds of people lost their lives to heat, and in Vermont, flash floods caused damages equivalent to a hurricane.

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Photo: Rafael Henrique/SOPA Images/LightRocket (Getty Images)

Microsoft and Google are slashing jobs from their otherwise very successful Cloud divisions as the companies shift gears to focus on AI.

Microsoft is cutting “hundreds” of roles from its Azure division’s Strategic Missions & Technologies team, a group that was formed to focus on cutting edge technologies such as quantum computing and space engineering, Insider reported June 3, citing unnamed sources. Also on Monday, reports surfaced that Google laid off at least 100 sales and engineering employees in its cloud unit.

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No, this woman was not on the flight.
Photo: Ivan-balvan (Getty Images)

A customer looks through stacks of books while shopping at a Costco store in Arlington, Virginia.
Image: Bloomberg (Getty Images)

Costco Wholesale shoppers who are also avid readers may have to look elsewhere for books, as the retailer plans to stop selling them on a regular basis throughout the year starting in January 2025.

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Employees unload online pickup orders at a Walmart store in Grand Prairie, Texas, US, on Thursday, April 25, 2024.
Image: Shelby Tauber/Bloomberg (Getty Images)

Elon Musk’s xAI to build its “gigafactory of compute” in Memphis

According to Ted Townsend of the Greater Memphis Chamber, the factory could be the “largest multi-billion dollar investment in the city of Memphis’s history”

Illustration: Dan Kitwood (Getty Images)

X, which is already dealing with a porn bot problem, has updated its policy to allow adult content on the site — with some exceptions.

As of May, users can “share consensually produced and distributed adult nudity or sexual behavior” as long as its labeled with a content warning and not highly visible in places such as profile photos and headers. X, formerly known as Twitter, already allows nudity on the platform. The company previously estimated that adult content made up 13% of the site’s posts, according to an internal presentation seen by Reuters.

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“The latest generation of the Toyota Tundra and the Lexus LX improved over the previous models in a big way: Toyota’s ancient, gas-guzzling 5.7-liter V8 was dropped in favor of…”

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Source Link: https://qz.com/toyota-recalls-google-microsoft-layoffs-open-banking-1851526265

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