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What's New Today: Sales and Customer Success teams lose jobs in latest Salesforce layoffs
Fast-Track Insights: India's Input for Global Crypto Rules as G20 President Revealed
Artificial intelligence (AI) will be subject to severe rules and restrictions from China. The new rules will become effective on August 15. Before it, Apple removed hundreds of applications that were similar to ChatGPT. A report by South Morning China Post cites data from the Chinese mobile app analytics company Qimai that reveals several well-known applications have been taken down from the Chinese App Store. Popular applications like Spark and ChatGAi Plus were taken down; the latter was the ninth-ranked paid app on the Chinese App Store.
The decision by Salesforce to lay off 10% of its workers worldwide was disclosed earlier this year. Around 7,000 workers were affected by the company's decision internationally, and the 2-hour video conference that was used to implement the layoffs was the subject of much writing. In the most recent round of layoffs, members of the Sales and Customer Success teams of Salesforce were the ones who lost their jobs.
As iPhone sales decrease, Apple is anticipated to see its steepest revenue decline since 2016—a tough turn of events. The company's sales are expected to drop by 1.6% to US$83.3 billion in the third quarter of 2023, according to analysts. Apple's revenue would be declining for the first time in three years. The IT behemoth must innovate and adapt to drive future success, which presents both opportunities and problems. Since its release, Apple's flagship product, the iPhone, has generated enormous revenue and cemented the company's position as the industry leader. Read More
The Group of Twenty (G20) note on cryptocurrency was published by India, the G20's current president, to have its recommendations taken into consideration for creating international crypto regulations. The memo gains importance since it represents India's formal suggestions before the Financial Stability Board (FSB) and International Monetary Fund (IMF) together prepare a synthesis paper that would be used to frame the next round of global crypto rules. The FSB separately asked for more regulations for cryptocurrency asset transactions and international stablecoin agreements in July.
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