Tim Cook to Step Down as Apple CEO in September, John Ternus to Take Over

tim cook john ternus apple

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Apple CEO Tim Cook announced he will step down in September to become the company's executive chairman.
John Ternus, currently senior VP of hardware engineering, will succeed him as CEO.

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Apple CEO Tim Cook announced he will step down in September to become the company's executive chairman. John Ternus, currently senior VP of hardware engineering, will succeed him as CEO.

Read the full article on NPR Business

Microsoft's Xbox division is undergoing a significant "reset" with 3,200 layoffs and the divestment of five acquired studios. New CEO Asha Sharma cited a need to "simplify" the bloated division and refocus on "industry-defining franchises" after years of underperforming investments in smaller studios and Game Pass.

Ars Technica

Developing·10h ago

UK regulator warns of 'arms race' in AI use in financial services

Sheldon Mills, an executive director at the UK's Financial Conduct Authority, warns of an "arms race" in AI use in financial services, urging greater regulatory powers and a review of large language models. His report highlights both benefits like "hyper-personalization" and risks such as fraud and manipulation, advocating for human accountability.

Ars Technica

Developing·11h ago

Microsoft Lays Off 4,800 Employees, Primarily in Xbox and Sales, Amid AI Investment

Microsoft cut approximately 4,800 jobs, 2.1% of its global workforce, impacting Xbox and commercial sales the most. This move, with 1,600 roles eliminated at Xbox, is framed as a necessary restructure due to industry changes and AI integration, despite assurances that AI is not directly replacing these roles.

TechCrunch

Tim Cook to Step Down as Apple CEO in September, John Ternus to Take Over

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