Technology
Trade My Spin is building a business around used Peloton gear

Peloton has had one of the tumultuous half-decades in tech. The home fitness company has experienced a few of the industry’s biggest ups and downs in a dizzying sequence. This is the story of a high-profile startup that became the main focus of a cult following amongst influencers and fitness fanatics. A worldwide pandemic catapulted the brand to unprecedented heights before overinvestment, product recalls, mass layoffs, and executive departures brought it back all the way down to earth.
Peloton is within the red in mid-2024, but not out of the business. The company avoided a major liquidity crisis with a massive debt refinancing in late May. That marked the top of a month that also saw a 15% staff cut and the departure of CEO Barry McCarthy a little over two years after he took over from founder John Foley.
Peloton’s unique rollercoaster ride has had a wide selection of negative effects. Excitement peaked at the peak of the pandemic, but because the world began to reopen, sales fell. Some who got hooked at the peak of social distancing have remained loyal to the brand. But many others have lost that bond. Some churn is inevitable with any fitness offering, but those numbers have undoubtedly been exacerbated by the reopening of gyms and other alternative exercise options.
As a result, a lot of unused, expensive fitness equipment is taking over space in homes across America; they’re now “coat racks,” as a coworker recently dubbed her Peloton bike. A fast search of Facebook Marketplace reveals row after row of exercise bikes routinely priced around $300 to $500—a fraction of the worth of a latest model (around $1,500). For many once-enthusiastic owners, the equipment has turn into a pain. But for a pair of East Coast entrepreneurs, it’s a chance.
This Change my spin The origin story begins humbly, when current CEO Ari Kimmelfeld began on the lookout for a good deal on a used Peloton bike. As good as the costs were on Facebook and Craigslist, in comparison with buying latest from the manufacturer, the experience had its own problems.
“Buying something that big was a huge inconvenience,” Kimmelfeld, who was then working at Ernst & Young’s strategy consulting arm EY-Parthenon, tells TechCrunch. “Five hundred dollars was a lot of money, and meeting up with a stranger and giving him money for a piece of equipment that you can’t really test. And I live in New York. Moving something like that from a Brooklyn apartment to Manhattan is tough. And there are no guarantees.”
Local logistics
Kimmelfeld began piloting what would turn into Trade My Spin last yr by collecting and selling used Peloton gear. The offering was essentially DIY logistics, removing the friction of shopping for and selling used exercise equipment. It was a conversation with Joey Benjamini that transformed the one-man operation into a profitable business.
Benjamini has built a logistics network based on cooperation with contractors Collectible classicsHis Pennsylvania-based classic automotive dealership relies on drivers to deliver vehicles sold primarily through the used-car marketplace Bring a Trailer.
“Logistics is the most complicated and important part of this business—and the biggest barrier to entry,” Benjamini tells TechCrunch. “We have a database of 1099 vendors who deliver for us. We’re constantly growing a network of drivers who know our company and our processes. Once a driver is trained, we send them out to pick up the bikes. It’s very simple.”
The latest team began working on the Trade My Spin website before looking for funding. The site stays easy, whilst the inventory has expanded to incorporate Peloton treadmills, rowers and a number of accessories. The Buy button displays a bustling marketplace for the service, while Sell displays a form for the equipment you would like to sell. With the positioning up and running, the young company raised a small amount of seed money to scale operations.
Interview with Peloton
The startup has also had multiple conversations with Peloton since its official launch in March. Trade My Spin’s primary focus within the conversations is that its relationship is symbiotic, not parasitic. At first glance, it’s easy to see why Peloton is likely to be hostile toward the corporate.
Seen as a zero-sum game, every used bike sold represents a potential lack of a latest bike sale. While it’s true that keeping bikes in circulation is a net positive on the sustainability front, Peloton shareholders are undoubtedly trying to the sales figure for change.
The math changes, nonetheless, while you consider that Peloton’s ultimate goal is to be a content company that sells equipment, not the opposite way around. Rather than simply selling used bikes as a missed sale on a latest one, Trade My Spin claims that each bike taken out of circulation is one less subscription to Peloton’s class content platform.
“Every bike we take is from someone who isn’t using it,” Benjamini says. “If someone isn’t using the bike, they’re not using the subscription. Peloton is a subscription service. It’s $44 a month. Every time we flip a bike—and we’ve flipped thousands of bikes—they make $500 a year.”
The relationship would little doubt have been different had Peloton been more proactive about moving its own used gear. Ultimately, Trade My Spin stepped in to fill this underserved gap out there.
New turn

Trade My Spin has built a logistics network that permits for same-day or next-day delivery in most major cities within the continental U.S. More distant locations can take as much as five days to satisfy an order, which is still faster than the three to 5 days it takes Peloton to process an order.
In the short term, expansion includes adding more fitness equipment to Trade My Spin’s buying and selling options. In the long term, the corporate desires to leverage its growing network of contractors to incorporate buying and selling all forms of bulky items. Trade My Spin will likely need an extra round of funding to attain this.
“We want to transform,” Benjamini says. “We’re going from where we are now and building a large-scale market for large items with logistics. That’s the game plan, and no one else is going to do it. There’s a barrier to entry and a moat around the business when it comes to drivers.”
Technology
The AI X Dream Machine library project is intended to help in underestimated innovators

Through the project of the AI X library, the CNN commentator, activist and entrepreneurs Van Jones and co -chairman of the projects Inayah Bashir and Steven Pargett be sure that the Black and Brown communities have free, practical opportunities to learn the force of artificial intelligence.
Libraries have long been secure for knowledge, access and community. Now they grow to be starts in innovation. Through the CNN commentator, the activist and entrepreneur Van Jones and co -chairing Project Inayah Bashir and Steven Pargett be sure that black and brown communities have free, practical possibilities of learning the strength of artificial intelligence.
Launched by the trio Dream Machine Innovation Lab in cooperation with Google, AI X Library Project already has an impact on cities corresponding to Brooklyn and Atlanta, with plans to extend on Miami, Detroit and Los Angeles.
“We don’t just want to consume technology – we want to create, shape and run it,” said Jones during an interview with Black company. „Myślę, że AI jest potencjalnie najbliższe odszkodowania, jakie kiedykolwiek dostaniemy, ponieważ po raz pierwszy od 400 lat mamy dosłownie równy dostęp i równe szanse na coś transformacyjnego. To, o czym polega nasz projekt, jest wrażliwa na możliwość i upewniając się, że jesteśmy w rozmowie o równym dostępie do dobrej rzeczy. Jeśli chodzi o edukację, jeśli chodzi o edukację, jeśli chodzi o edukację, jeśli chodzi o edukację, jeśli chodzi o edukację, jeśli It is about education when it comes to education when it comes to education when it comes to education.
Instead of focusing only on threats of artificial intelligence, corresponding to algorithmic prejudice, Jones, Pargett and Bashir, they challenge themselves to concentrate on the chances. “Often black people are very sensitive to threat and we quickly go into conversations about equal protection against bad things,” said Jones. “This is important. But our project is to be sensitive to possibilities-insulting that we are also in a conversation about equal access to good things.”
Libraries are a perfect entry point for such a democratized technological education. “The library has always been a technology center or anything else,” Bashir noted. “In the case of insufficient or underestimated people, the library is a place where they touch new technology for the first time. When the computers came out, when the internet began, people went to libraries to learn.”
During each AI X library workshop, participants can pick from topics corresponding to marketing with artificial intelligence, writing with AI-Holności, intelligent monitors and the long run of labor. Importantly, local librarians help select which topics might be taught on the idea of the needs of their patrons.
“We were looking for a way to transfer this conversation to real communities,” said Jones. “A lot of online and fancy conferences are happening, but not much at the neighborhood level. Most districts still have a library. This is a trusted place. We decided to go there.”
The project attracted participants on the age of seven and old as 70, creating an intergenerational learning environment. “We develop at least three new business ideas in every workshop,” said Bashir. “In Atlanta we had a mother who runs a collective at home. She said that they already use artificial intelligence to plan the curriculum – and even used artificial intelligence to find our event.”
Other participants are a waste management employee in Miami, bringing their two sons to study next to him, and grandparents examined AI tools for the primary time. “It is amazing that families learn together,” said Bashir. “Excience exists – creativity is there.”
Changing considering, not only skill sets
In contrast to the digital division in the 90s, where access to software and hardware created entry barriers, Jones believes that the most important obstacle with which our communities with which they stand today is the way in which of considering. “We have no problem with the equipment because everyone has a smartphone,” said Jones. “We have no problem with the software because it is so much free now. We have a problem with” wet software “. Our brains do not process artificial intelligence as something that is for black people. It must change. “
Instead of perceiving artificial intelligence as a perfect, almighty tool, Jones encourages people to give it some thought as “a bit stupid, but free, very fast interns”. He explained: “Nothing is perfect – you need to check human work and you need to check the work AI. But do you prefer to improve something that you will get in two weeks or improve something that you will get in two minutes?”
Marlon Avery repeated this sentiment, reminding the participants that everybody is involved with AI for the primary time at their very own pace. “It’s okay to hurry,” Avery said. “AI is like a treadmill – you can walk, jogging or sprint depending on what you are ready for. It is important to get on it.”
Building liberatorial innovations
Ultimately, the project of the AI X library concerns something greater than just learning latest tools – it is concerning the idea of a greater future.
“Liberatorial innovation is not only creating new technologies and new systems – it is about creating new freedoms,” explained Bashir. “Our brains, our communities, even our definitions of what it means to be human.
Jones emphasized the urgency of quite a lot of participation in technology. “When one small group tries to design a civilization for everyone, it doesn’t work well,” he said. “We now have a chance to build something more human, more simply – but only when everyone takes place at the table.”
When Dream Machine tries to scale the project of the AI X library outside its pilot cities, one thing is clear: the long run of innovation is not only happening in the Silicon Valley – it is built in neighborly libraries, one workshop without delay.
Technology
Fastino Trains AI models for cheap graphics games and just collected USD 17.5 million led by Khosl

Technological giants prefer to boast of trillion parameter AI models that require massive and expensive GPU clusters. But Fastino adopts a special approach.
The startup based on Palo Alto claims that he has invented a brand new kind of architecture of the AI model, which is deliberately small and specific to the duty. Fastino says that the models are so small that they’re trained in low GPU class with a worth lower than $ 100,000.
The method attracts attention. Fastino secured $ 17.5 million of seed funds run by Khosl Ventures, famous for the primary Venture, Fastino, Fastino investor, only TechCrunch tells.
This causes complete financing of the startup to almost $ 25 million. He collected $ 7 million in November last yr within the Przedseed round led by VC ARM M12 Microsoft and Insight Partners.
“Our models are faster, more accurate and cost a fraction for training, while exceeding the flagship models in specific tasks,” says Ash Lewis, general director of Fastino and co -founder.
Fastino has built a package of small models that he sells to corporate clients. Each model focuses on a particular task that an organization might have, equivalent to the editors of confidential data or a summary of corporate documents.
Fastino doesn’t reveal early indicators or users yet, but claims that its performance impresses early users. For example, because they’re so small, his models can provide your entire answer in a single token, Lewis told Techcrunch, showing technology, giving an in depth answer immediately in milliseconds.
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It’s still a bit too early to search out out if the fastino approach will gather. The AI Enterprise space is crowded, and firms equivalent to Cohere and Databicks also advertise artificial intelligence that leads in some tasks. And manufacturers of SATA models focused on the enterprise, including Antropic and Mistral, also offer small models. It can also be no secret that the long run of generative artificial intelligence for an enterprise might be in smaller, more targeted language models.
Time can say, but Khosli’s early vote of confidence definitely doesn’t hurt. For now, Fastino says that he’s specializing in constructing the most up-to-date AI team. He is directed to scientists from one of the best AI laboratories who usually are not obsessive about the development of the biggest model or beating comparative tests.
“Our employment strategy is very focused on researchers who may have a contradictory thought process in the construction of language models,” says Lewis.
(Tagstotransate) Enterprise
Technology
New York Auto Show contained WOW factors in the Genesis concept car

Experience through Kimatni D. Rawlins
During the media preview 2025 New York International Auto Show (NYAIS), Genesis of a luxury brand emphasized its steadfast commitment to performance, adventure and the newest innovation with a set of vehicles that would dictate the company’s near future.
VIP guests, automotive media and lifestyle and essential directors, akin to José Muñoz, Randy Parker, Luc Donckerwolke and Olabisi Boyle gathered in Genesis House New York To witness the strategic evolution of the X Gran Equator (XGEC) and technologically advanced GMR-001hercar, which can manage the company’s racing efforts in 2026 on the other side of the spectrum, luxurious, off-road XGEC. The ability to grow deeply in the mother of nature with freedom of wilderness is inspiring. That’s right, in only one staff decade, the progressive Korean car manufacturer has made progress in motor and land sports.
“The concept of X Gran Equator is an exercise with harmonizing contrasts – in terms of elegance with the inequality and spirit of exploration with sophisticated comfort,” said Creative Director Genesis Luc Donckerwolke. “He represents the orchestration of true field competences and uncompromising luxury, designed to allow the most breathtaking landscapes in the world.”

For three consecutive years, Genesis will present developed and magm performance concepts at NYIAIS, including the exclusive GV80 Coupe concept, a panoramic concept of Neolun and the concept of dynamic GV60 magma. These vehicles add a portfolio dimension with energetic lines, enthusiastic attributes and engineering desirous about the future. The goal is to further expand your list to satisfy the various needs and evolving appetites of every species of consumer and motor sports enthusiasts.
Symbolizing the brand’s desire to calm the owners of the highest hospitality, we gathered in Genesis House in the Meatpacking district, where Genesis presented the concept of X Gran Equator, which will likely be issued by the end of July. With the name borrowed from a strong Arabian horse, the revolutionary SUV and its possibilities of collecting resembling the dune contain an prolonged hood, characteristic two-lubble headlights that cut the faceless checkered, divided tailgate, 24-inch roms wrapped in swivel roof cabinets. Internal digital features with physical switches and handles, a 4 -circular display cluster inspired by vintage discs, rotating front seats and parts of memory and compartments.

Then it was flashy and vigorous introduction of Genesis Magma Racing and its full-fledged Hypercar GMR-001. The LMDH Endurance prototype built for a few 12 months will start in 2026 with the highest challenge of entering 24 hours Le Mans. However, his current goal will likely be FIA World Endurance Championship (WEC) and IMSA Sportscar Championship. Drivers, racing overalls and orange color Magma, representing a grit with a strong presence, were also introduced. The graphics pay tribute to the Korean Heritage Genesis when interlacing motor innovations. The final details haven’t been released, but the newly developed V8 engine with a double turbo is a source of the hybrid drive system and chassis developed from Orec Motorsport. The Magma program adds a brand new dimension of Genesis, marking its expansion in high -performance production. Genesis goals to create a magma model for every production vehicle in an existing composition.
“Today it is a significant milestone for Genesis Magma Racing, when we reveal Hypercar GMR-001, as well as our striking colorful and racing suits,” said Cyril Abiteboul, team director. “We are preparing for our IMSA campaigns in 2026 and 2027 IMSA, we not only gather a racing team; we forge heritage. Every day brings us back to the implementation of the full potential of the genesis in the world of motor sports.”
After vehicle presentations, I adapted to the unique and authentic offers at Genesis House, where you possibly can have a delicious Korean culinary experience, read the Korean story, enjoy tea time or watch a lot of Genesis products at the exhibition. Other places and classes to enjoy in New York include insulation in Majestic Equinox Hotel, admiring Dish and its structure of a honeycomb, exploration of stores in Hudson Yards, including Genesis Studio, walking along the elevated high -line park built on the historic railway line, and taking lunch at Mercado little Spain or dinner in a clearly Korean restaurant Moon At East Village, Manhattan.
Understanding the assumptions of brands that you just admire – whether it’s automotive, technology or travel – is perfectly paying tribute to their heritage, strategy and values by immersing themselves in the DNA of their successful formulas. I used to be grateful for representing as a son-unit (honorary guest) while consuming enriching habits, social labels and approach to philosophical design during experience in Genesis in Nyias 2025.
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