Bloomberg Businessweek
Apple Cuts Jobs in Online Services Group as Priorities Shift
Aug 28, 2024
Mark Gurman, Bloomberg News Senior Technology Correspondent, reveals Apple's cut of around 100 jobs in its digital services group as the company shifts its focus towards streaming and AI. Randall Williams, US Sports Business Reporter, discusses the NFL's new policy allowing private equity ownership, redefining franchise valuations. Julie Hansen, CEO of Babbel, highlights how language learning can significantly enhance employability, emphasizing the importance of immersive experiences and the potential of AI chatbots in practice.
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Quick takeaways
- Apple's recent layoffs in its digital services group reflect a strategic pivot towards more profitable ventures like generative AI amidst economic challenges.
- The NFL's new ownership rules allowing private equity investments are set to reshape team financing and management dynamics, enhancing franchise valuations.
Deep dives
Generative AI as the New Internet Operating System
Generative AI is positioned as the new foundational operating system for the internet, suggesting its integration into every aspect of products and services. This transformative technology is expected to drive breakthrough performance enhancements across various businesses. Companies are encouraged to embark on their AI journey despite the complexities and enormity of the opportunity. It is emphasized that having a strategic approach yields significant benefits, allowing organizations to harness the full capabilities of AI effectively.
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