Tech
Apple Kills ChatGPT-Like Apps in China. India’s Contribution to Global Cryptocurrency Rules as G20 Chair Revealed
Apple Removes Hundreds of Chatbot Apps Using GPT Technology in China Amid Regulatory Pressure
Hello fellow tech enthusiasts, here are some quick tech updates that you should definitely keep an eye on!
What’s new today: Sales, Customer Success Teams Lose Jobs in Latest Salesforce Layoffs
Quick insights: India’s contribution to global cryptocurrency rules revealed by G20 president
Artificial intelligence (AI) will be subject to strict rules and restrictions from China. The new rules will come into effect on August 15. Before then, Apple had removed hundreds of apps similar to ChatGPT. A report by South Morning China Post cites data from Chinese mobile app analytics firm Qimai that reveals that several popular apps have been removed from the Chinese App Store. Popular apps such as Spark and ChatGAi Plus have been removed; the latter was the ninth paid app in the Chinese App Store.
Salesforce’s decision to lay off 10% of its global workforce was announced earlier this year. About 7,000 employees were affected by the company’s decision globally, and the 2-hour video conference used to implement the layoffs was widely reported. In the latest round of layoffs, Salesforce’s Sales and Customer Success teams were the ones who lost their jobs.
AS the phone drop in sales, Apple is expected to post its steepest revenue decline since 2016, a dramatic turn of events. The company’s sales are expected to decline 1.6% to $83.3 billion in the third quarter of 2023, according to analysts. Apple’s revenue would decline for the first time in three years. The IT giant must innovate and adapt to drive future success, which presents both opportunities and challenges. Since its launch, Apple’s flagship product, the iPhone, has generated huge revenue and cemented the company’s position as an industry leader. to know more
The Group of Twenty (G20) note on cryptocurrencies was issued by India, the current G20 chair, to have its recommendations taken into account in the creation of international cryptocurrency regulations. The memo gains significance as it represents India’s formal suggestions before the Financial Stability Board (FSB) and the International Monetary Fund (IMF) jointly prepare a position paper that will be used to shape the next round of global cryptocurrency regulations. The FSB had separately called for more regulations for cryptocurrency asset transactions and international stablecoin agreements in July.
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