Automattic Layoffs Hit 16% of Workforce: 281 Employees Potentially Affected
April 3, 2025 – In a significant development, Automattic, the parent company behind a suite of online services including WordPress.com, Tumblr, and WooCommerce, has initiated a round of layoffs. A blog post released by the company on Wednesday revealed that the layoffs would affect 16% of its workforce across all departments. Prior to the layoffs,…
Epic CEO Slams Apple, Google for ‘Mafia-Style Tactics’ as Pop-Ups Cause 60% User Drop
April 3, 2025 – In a blog post published yesterday (April 2), TechCrunch reported that during an event at Y Combinator, Tim Sweeney, the CEO of Epic Games, publicly accused Apple and Google of employing “mafia-style business tactics” to suppress competition through monopolistic practices. Sweeney specifically highlighted that despite a court ruling mandating Apple to…
Apple CEO Tim Cook Realizes $24M from Stock Cash-Out
April 3, 2025 – In a recent development reported by tech news outlet MacRumors yesterday (April 2), Apple Inc.’s Chief Executive Officer, Tim Cook, has reportedly realized profits exceeding $24 million from the sale of company shares. According to filings with the U.S. Securities and Exchange Commission (SEC), Cook sold 108,136 restricted stock units (RSUs)…
Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position
April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…
Intel’s New CEO Chen Liwu Sets Fire to ‘Non-Core’ Businesses
April 2, 2025 – In a recent report by Bloomberg yesterday, Intel’s CEO, Pat Gelsinger’s successor Chen Liwu, addressed the audience at the ‘Intel Vision Conference’ in Las Vegas, revealing the company’s strategy to divest from non-core businesses and introduce new products such as customized semiconductors to better align with customer demands. Chen emphasized the…
ECB Conference Delves into AI Impact: Long-Term Gains Await Firms Through Initial Hurdles
April 2, 2025 – A groundbreaking study unveiled at a European Central Bank (ECB) conference today reveals that artificial intelligence (AI), despite posing significant challenges in the initial stages of integration, holds the potential for long-term growth and development for companies that successfully navigate its transformative impact. The research team, delving into data from the…
Meta AI Chief Joelle Pineau Steps Down Amid Heightened AI Investments
April 2, 2025 – Joelle Pineau, the head of artificial intelligence research at Meta, has announced her departure from the company, effective May 30th. Pineau, who joined Meta in 2017, currently serves as the Vice President of AI Research and leads the Facebook AI Research (FAIR) team, which is under the direction of renowned AI…
Tesla Faces Sales Decline in March Amid Growing “Anti-Musk” Protests Across Europe
April 2, 2025 –Tesla’s sales in key European markets have declined once again in March, according to Reuters. The brand is facing increasing competition from Chinese automakers and resistance from some consumers who oppose Elon Musk’s political stance. These factors have combined to create a challenging environment for Tesla in the European market. New car…
Qualcomm Mulls Over Acquisition of UK Semiconductor Firm Alphawave IP
April 2, 2025 – In a groundbreaking announcement tonight, Qualcomm revealed that it is contemplating the possibility of extending an acquisition offer to the British semiconductor firm, Alphawave IP Group. A statement issued by Qualcomm read, “At this juncture, we cannot ascertain whether a final offer will be forthcoming, nor can we confirm the specific…
Gurman Reports: Apple Watch’s Non-Invasive Blood Glucose Monitoring Years Away
April 1, 2025 – Apple’s Journey Towards Non-Invasive Blood Glucose Monitoring for Apple Watch Faces Years of Hurdles In a recent report by Bloomberg’s Mark Gurman, it has come to light that Apple’s endeavor to incorporate non-invasive blood glucose monitoring into its Apple Watch, despite over 15 years of rigorous development, is still “many years…