{
}
Paul Dawalibi has been appointed as the new CEO of RAK Digital Assets Oasis, aiming to establish an innovation hub in Ras Al Khaimah that rivals Silicon Valley. He emphasizes creating a unique environment focused on technology and innovation, moving beyond traditional free zone offerings. Outgoing CEO Dr. Al Ansari praised Dawalibi as a "global icon," highlighting his leadership as vital for the next growth phase of RAK DAO.
[Source: Bloomberg]
The Ethereum Foundation has restructured its internal development group, rebranding the former Protocol Research & Development team to simply "Protocol." This new team will concentrate on three strategic goals: scaling Ethereum's base layer, expanding blobspace for rollups, and enhancing user experience. The restructuring has also involved staff layoffs as the organization adapts to evolving demands.
iPhone shipments in China are expected to decline by 1.9% in 2025 due to increased competition from domestic brands and a slowing economy. Apple's market share fell from 20% in Q1 2023 to 16% in Q1 2024, as Huawei and others gain traction with advanced AI features and government subsidies favoring local manufacturers. This shift reflects a broader trend towards domestic brands in a maturing market, with Apple facing challenges in maintaining its premium pricing strategy amidst rising affordability and technological advancements from competitors.
Salesforce is slowing its hiring due to the integration of artificial intelligence tools, which has allowed the company to reduce recruitment efforts. Chief Financial Officer Robin Washington announced that 500 customer service staff will be reassigned, saving an estimated $50 million. Additionally, the company is hiring fewer engineers as a result of these changes.
LinkedIn has laid off 281 employees in California, primarily affecting software engineers, senior product managers, and talent account directors. This move follows Microsoft's announcement of a 3% reduction in its global workforce, equating to around 6,000 jobs.
The 15-inch 24GB M4 MacBook Air has seen a price drop of up to $235, while the M4 Pro MacBook Pro lineup offers savings of $285 on the most affordable model and over $460 on higher-end configurations. Additionally, there are significant discounts on Apple’s latest black USB-C Magic Keyboard with Touch ID and Numeric Keypad.
Apple is the only major tech stock to decline following the announcement of Trump's tariffs, while other giants like Amazon, Google, Meta, Microsoft, and Nvidia have seen significant gains. Since April 2nd, these companies have rebounded, driven by AI enthusiasm and strong earnings, while Apple remains in the red.
Anthropic's annual revenue surged from $1 billion to $3 billion in just five months, driven by rising enterprise demand for AI services, particularly in code generation. The company's focus on enterprise sales contrasts with competitors like OpenAI, which targets consumers. This rapid growth reflects a significant shift in the AI market towards full implementation, with businesses overcoming previous adoption challenges.
Synopsys has suspended its annual and quarterly forecasts just a day after issuing them, following new U.S. export restrictions on chip design software sales to China. The company reported a decline in shares, which fell nearly 2% before the announcement, as uncertainty looms over its key market.
Software Development Trends
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
gaming veteran paul dawalibi appointed ceo of rak digital assets oasis
11:36 03.06.2025
Microsoft lays off 300 employees amid ongoing workforce restructuring and AI shift
05:17 03.06.2025
ethereum foundation restructures protocol team to enhance scalability and user experience
00:42 03.06.2025
Apple's market share in China declines amid rising domestic competition
05:20 02.06.2025
Salesforce reduces hiring as AI tools reshape workforce dynamics
20:53 01.06.2025
LinkedIn cuts 281 jobs as tech layoffs continue across the industry
15:12 01.06.2025
significant discounts on m4 macbook air and pro models available now
08:14 01.06.2025
apple lags behind big tech stocks amid tariff concerns
Amazon.com Inc.
Alphabet Inc.
Apple Inc.
Nvidia Corporation
Microsoft Corporation Corp.
USA
Donald Trump
Show more
04:26 01.06.2025
anthropic achieves rapid revenue growth driven by enterprise demand for ai services
02:35 01.06.2025
synopsys halts forecasts amid new us export restrictions on china
23:56 31.05.2025
Trending
Subcategory
Corporate News
Industry Trends
Fintech Startups
Venture Capital Investments
Startups & Entrepreneurship
Emerging Startups
Funding Rounds & Investments
AI Innovations
Economic Indicators
Cryptocurrency Trends
Retail and Consumer Goods
AI Applications
Global Trade Developments
Banking Regulations
Stock Market Updates
Supply Chain Management
IPOs & SPACs
Crypto Adoption and Integration
Private Equity Deals
Financial Scams and Security
Countries:
Companies:
Microsoft Corporation Corp.
Google LLC
Uber Technologies Inc.
NIO Inc.
Apple Inc.
Honda Motor Co. Ltd.
Toyota Motor Corporation
The Goldman Sachs Group, Inc.
VOLKSWAGEN AG
Delivery Hero SE
PayPal Holdings Inc.
Amazon.com Inc.
Bank of China Limited (Inc. in China)
VanEck Vietnam ETF
Legal & General Group Plc
iShares Silver Trust
Ather Energy Ltd.
TVS Motor Company Ltd.
Itcons E-Solutions Ltd.
Atos
Currencies:
United States Dollar
Euro
Indian Rupee
Japanese Yen
Chinese Yuan
South Korean Won
Saudi Riyal
Turkish Lira
British Pound Sterling
Malaysian Ringgit
Filipino Peso
Offshore Chinese Yuan
People: