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The boss of a Peloton rival threw his hat in the ring to lead the struggling exercise bike maker after the company’s current chief stepped down Thursday.

Lou Lentine, who founded and heads privately held Echelon, claimed he could do a better job of rescuing Peloton than exiting CEO Barry McCarthy, a former Netflix and Spotify executive hired in 2022.

Peloton needs someone who knows the industry, Lentine told The Post. Im running the same company but smaller and we are doing the same things every day but better with fewer employees and less debt.

However, Lentine is not holding his breath that Peloton’s board will take his offer seriously. The rivals settled a years-long legal battle over patents in 2022. At the time, McCarthy turned down Lentine’s proposal to merge the two companies.

“There was a discussion in New York and he politely declined additional discussion,” Lentine told The Post.

Even if the Peloton board came calling this time, Lentine said he would not walk away from Echelon. Instead, the Chattanooga, Tenn. companys largest investor said he would make Echelon products available under the Peloton banner. 

Peloton did not immediately respond for comment about Lentine’s desire to lead the company or past discussions about a possible merger.

Peloton, which controls roughly 75% of the connected fitness industry, has been slow to recover from its pandemic heights — when locked-down fitness buffs were put on waiting lists for the company’s pricey stationary bikes.

McCarthy’s departure was announced along with the company saying it will slash 400 jobs as its once-soaring stock price continued to crater. Shares have plunged 46% this year, closing at $3.14 on Thursday — continuing a downhill trajectory after peaking at $167 in December 2020.

They are hurting the industry so badly with their constant negative news, Lentine griped.

McCarthy was tapped to replace Peloton founder John Foley, who made a number of high-profile blunders, including an ill-fated expansion plan during the pandemic.

The brash executive also alienated customers, investors and employees alike when the companys bikes were recalled for safety reasons and a toddler was killed and Foley claimed that accidents were the result of customers not following manufacturers guidelines. 

Peloton also has a history of attacking competitors, including SoulCycle,  iFIT and Lululemon, with Foley allegedly calling the strategy a winner-take-all approach, according to court filings.

Echelon had accused Peloton of violating antitrust laws with its pattern of squashing competitors.

Details of their 2022 settlement were not made public.

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Technology

Uber opens ‘interest list’ for Waymo robotaxi rides in Austin

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Uber opens 'interest list' for Waymo robotaxi rides in Austin

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.

Gerry Miller | CNBC

Ride-hailing and food delivery app Uber is opening its “interest list” to users in Austin, Texas, who want to be first in line for Waymo robotaxis there.

The company said in a statement that users will “be able to travel across 37 square miles of Austin — from Hyde Park, to Downtown, to Montopolis” — when the Uber-Waymo service launches soon.

The so-called “interest list” allows users to receive Uber updates and bolsters their odds of being matched with a Waymo autonomous vehicle upon launch.

The vehicles that will be part of the Austin service are Jaguar iPace electric models equipped with Waymo’s driverless systems and labeled with both Waymo and Uber branding.

The Waymo rides in Austin will only be available through the Uber app, unlike in San Francisco and Los Angeles, where riders hail them through the Waymo One app.

In the face of investor pressure to step up its autonomous vehicle strategy after Tesla promised it would soon start producing robotaxis, Uber last year said it had begun testing a ride-hailing app with some of its employees.

While Tesla does not make vehicles that are safe to use without a human driver at the wheel, ready to steer or brake at all times, Elon Musk’s automaker in January said it will “begin launching” a driverless ride-hailing business “later this year” starting in Austin.

According to the Texas Department of Transportation, testing and operating a commercial robotaxi service in the state does not require the same types of special licenses and permits that other states require.

“Texas law allows for AV testing and operations on Texas roadways as long as they meet the same safety and insurance requirements as every other vehicle on the road,” a spokesperson for the department told CNBC by e-mail.

Uber CEO Dara Khosrowshahi is expected to discuss the impact of automated driving systems — or self-driving cars — on the company’s overall business and strategy on a fourth-quarter earnings call on Wednesday.

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Politics

Bybit fined $1M by India’s financial regulator over compliance violations

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Bybit fined M by India’s financial regulator over compliance violations

India’s financial regulator has fined Bybit $1 million for failing to register under the Prevention of Money Laundering Act, leaving its compliance status unclear.

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Science

Scientists Control Kelvin Waves in Superfluid Helium for First Time

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Scientists Control Kelvin Waves in Superfluid Helium for First Time

For the first time, researchers have successfully controlled and observed Kelvin waves in superfluid helium-4, marking a significant step in understanding energy dissipation in quantum systems. The study has provided a controlled method to excite these helical waves, which had previously only been observed in unpredictable conditions. The research opens new possibilities for studying quantised vortices and their role in energy transfer at the quantum level.

Controlled Excitation of Kelvin Waves

According to the study published in Nature Physics, also available on arXiv, Kelvin waves—first described by Lord Kelvin in 1880—are helical disturbances that travel along vortex lines in superfluid systems. These waves play a crucial role in energy dissipation within quantum fluids but have remained difficult to study due to the challenges of controlled excitation.

Associate Professor Yosuke Minowa from Kyoto University, the lead author of the study, told Phys.org that the breakthrough occurred unexpectedly. An electric field was applied to a nanoparticle decorating a quantised vortex with the intention of moving the structure. Instead, the vortex core exhibited a distinct wavy motion, leading researchers to shift their focus toward controlled Kelvin wave excitation.

Superfluid Properties and Quantum Vortex Behaviour

Superfluid helium-4, which exhibits quantum effects at macroscopic scales when cooled below 2.17 Kelvin, has no viscosity, allowing it to flow without friction. This unique state prevents energy from dissipating as heat, leading to the formation of Kelvin waves when disturbances occur in the vortex lines of the fluid. The research team demonstrated that these waves, rather than traditional fluid turbulence, provide an essential mechanism for energy transfer in superfluid systems.

Nanoparticles Used for Wave Visualisation

To track the motion of Kelvin waves, the researchers introduced silicon nanoparticles into superfluid helium-4 at 1.4 Kelvin by directing a laser at a silicon wafer submerged in the fluid. Some nanoparticles became trapped within vortex cores, making them visible under controlled conditions. A time-varying electric field was then applied, forcing oscillations in the trapped particles and generating a helical wave along the vortex.

Experiments were conducted across different excitation frequencies ranging from 0.8 to 3.0 Hertz. A dual-camera system allowed for three-dimensional reconstruction of the wave’s motion, confirming its helical nature.

Experimental Confirmation and Future Research

Prof. Minowa explained to Phys.org that proving the observed phenomenon was indeed a Kelvin wave required an in-depth analysis of dispersion relations, phase velocity, and three-dimensional dynamics. By reconstructing the vortex’s motion in 3D, the researchers provided direct evidence of the wave’s handedness, confirming its left-handed helical structure—something never experimentally demonstrated before.

To validate their findings, the team developed a vortex filament model, which simulated Kelvin wave excitation under similar conditions. These simulations confirmed that forced oscillations of a charged nanoparticle generated helical waves in both directions, aligning with experimental results.

The study introduces a new approach for studying Kelvin waves in superfluid helium, offering insights into the mechanics of quantised vortices. Future research may explore the nonlinearity and decay processes of Kelvin waves, potentially revealing further details about quantum fluid dynamics.

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