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📝 Kyte cuts costs to increase profitability

📝 Kyte cuts costs to increase profitability

Liam Gill
October 28, 2024

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News of the Day

Rental car startup Kyte is scaling back its operations, pulling out of most U.S. cities and cutting its workforce by 40-50% to focus on profitability. The company will now operate primarily in San Francisco and New York City, which account for 70% of its revenue. This move follows unsuccessful attempts to sell the business and challenges with capital efficiency. Kyte's shift to focus on core markets aims to achieve profitability within 18 months amid a difficult market for rental and subscription-based car services.

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if you're building alone, make an effort to socialize and mingle with folks in your space who share similar interests.
building social connections is one of the most important factors for good mental health.
— barry winata. (@barrywinata)
1:02 AM • Oct 26, 2024

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Chart of the Day

Escaping AI POC purgatory: Techniques for enterprise AI engineers

Many companies struggle to move generative AI from experimentation to production.

Join us Oct. 29 at 9am PT. Sam Julien, Writer's Director of Developer Relations, will share practical strategies to overcome enterprise AI engineering challenges using a full-stack approach.

Topics include:

Managing project scope
Improving accuracy with domain-specific models & graph-based RAG
Navigating AI application development
Can’t make it live? Register anyway and we’ll send you the recording.

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Onwards and Upwards,

Liam Gill