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Ford says Trump tariffs to cost it $2bn this year

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Motor industry giant Ford says it expects tariffs to cost it about $2bn (£1.5bn) this year, which is more than previously expected, despite building most of its cars in America.

The company says it had already paid an extra $800m in duties in the three months ending in June. It also suffered losses related to cutting an electric vehicle programme.

It is the latest indication of the impact of US President Donald Trump’s tariffs on major American firms and the challenges ahead as he seeks to reshape global supply chains.

But Ford is seeing a less pronounced tariffs impact than some of its competitors as much of its manufacturing is in the US.

Ford’s finance chief Sherry House said the firm had raised its forecast for the cost of tariffs on its business because levies on Mexico and Canada, where it has facilities, have remained higher for longer than expected.

She also pointed to US tariffs on imported aluminium and steel.

Last week, rival carmaker General Motors said tariffs had already cost it more than $1bn, while Volkswagen put its hit at $1.5bn.

Jim Farley, Ford’s chief executive, said the firm is in regular contact with the White House as the company tries to secure lower tariffs, especially on vehicle parts.

“We see there’s a lot of upside depending on how the negotiation goes with the administration,” he said.

Trump has raised duties on most goods, with special tariffs targeting cars and car parts, as well as the key materials used to manufacture them.

He has said the measures are intended to convince companies, in the US and abroad, to make their products in America.

Ford’s shares were about 1.5% lower in extended trading in New York on Wednesday after the earnings announcement.



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Fiverr is laying off 250 employees to become an ‘AI-first company’

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Gig economy platform Fiverr is laying off 250 employees as it pivots to being an “AI-first company,” CEO Micha Kaufman shared in an essay on X. The move affects around 30 percent of the company’s staff, The Register writes, and it’s not uncommon among tech companies in 2025. Duolingo announced similar plans to become “AI-first” in April.

Kaufman describes this process as returning to “startup mode” and writes that his ultimate goal is to turn Fiverr into “an AI-first company that’s leaner, faster, with a modern AI-focused tech infrastructure, a smaller team, each with substantially greater productivity, and far fewer management layers.” Part of the justification Kaufman offers for why Fiverr doesn’t “need as many people to operate the existing business” is that the company has already integrated AI into its customer support and fraud detection programs.

The first sign that Fiverr might justify layoffs with AI came when Kaufman was interviewed by CBS News in May 2025 about the danger the technology posed to employees. Kaufman specifically advised employees to “automate 100 percent” of what they do with AI, while also claiming that wouldn’t make them replaceable because they were still capable of “non-linear thinking” and “judgement calls.” That advice doesn’t seem like it was ultimately helpful for Fiverr’s own employees.

The company’s cuts affect fewer people than a larger firm like Workday, who announced plans to eliminate 1,750 roles in February 2025. Regardless of the size of the company or its level of investment in AI, though, layoffs have the same effect: More work has to be done by fewer people.



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AI company expanding to West Palm Beach – Yahoo News Canada

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AI company expanding to West Palm Beach  Yahoo News Canada



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YouTube Plans to Win Over Spotify’s Audio-First Podcasters With AI

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The next big battleground for podcasts is video — and YouTube wants to cement its dominance.

On Tuesday, YouTube announced a slate of new AI products as it seeks to solidify itself as the leader in the category over competitors like Spotify or Apple.

Starting next year, audio-first podcasters will be able to generate video clips for YouTube from their audio transcripts. The tool uses Google’s Veo AI technology to generate short 30-second to 60-second visuals that can either become a YouTube short or a part of a long-form video upload. The feature will initially be available to a limited set of US podcasters.

The target audience? Audio podcasters with little to no video experience.

There is a class of podcast creators who are not gifted in video or who “don’t want to make the conversation awkward by having four or five cameras in a studio,” T. Jay Fowler, YouTube’s senior director of product management focused on podcasts and music, told Business Insider.

AI-generated video could make it easier for those creators to get started on YouTube, Fowler said.

“You can imagine some partners or podcasters thinking, ‘Oh, getting on YouTube is a big hurdle,'” he said. “It is a video-centric platform. And so this will also help ease people into the experience. They can dip their toe.”

YouTube emerged as the top player in podcasting by hosting a slate of talk-show style channels from creators like Rhett & Link, Theo Von, and Joe Rogan. About a third of weekly podcast consumers in the US prefer YouTube, beating out all rivals, according to a January report from Edison Research.

But the company is a less natural fit for podcasts that aren’t talk shows and aren’t easily adapted to video. YouTube thinks these new AI tools can help it make inroads there.

Adding video could help audio-focused podcasters meet consumer demand. The share of US adults who said they preferred video podcasts hit 42% in August 2024, up from 32% in October 2022, per a Morning Consult report from October.

Spotify made a big push into video last year and told investors in July that consumption of video podcasts was growing 20 times faster than audio alone. Even Netflix is looking to get into the game. It’s held exploratory meetings with creators and sought to hire a video podcast executive.

But YouTube has a clear head start in the category as a native video platform with a well-established creator ad revenue sharing model. The company’s TikTok-like short-video feature, shorts, can also serve as a marketing tool for podcast creators. Forty-four percent of new podcast audiences begin listening on YouTube, according to a June report from Cumulus Media and Signal Hill Insights.

On Tuesday, YouTube announced an additional AI-powered tool to help creators clip highlights from their video podcasts for YouTube shorts. Clipping has become an increasingly important marketing tool for podcasters and other long-form creators. The feature will roll out in the coming months, the company said.





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