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StarkWare Makes Drastic Cuts to Survive, L2 'Technical Faith' Liquidated by the Market

StarkWare, the infrastructure company behind Starknet, has announced a major restructuring, including layoffs and splitting into two separate business units. This move comes as the Layer 2 network faces a severe decline, with monthly revenue plummeting over 95% from its late 2023 peak to just tens of thousands of dollars. CEO Eli Ben-Sasson stated the company had become "too big and inefficient" and must return to a startup mentality. The new structure creates a Starknet development unit, focused on the core protocol, and an applications unit, tasked with direct revenue generation by building products that leverage StarkWare's unique tech stack, potentially in quantum security and Bitcoin-related areas. This reflects a wider crisis in the L2 sector triggered by Ethereum's EIP-4844 upgrade, which drastically reduced data availability fees and shattered the core business model of profiting from gas差价. The market has since polarized. Base and Arbitrum now dominate, capturing the majority of value and fees, while Starknet's TVL sits at a fraction of Base's and its native token STRK trades below its total historical fundraising amount. The article concludes that technical superiority is no longer enough to win; distribution power and strategic alliances are now the key drivers. StarkWare's shift from an infrastructure provider to a product-focused company is a strategic retreat in this consolidating market, forcing it to prove it can build and sell products, not just invent advanced technology.

marsbitHace 2 días 08:05

StarkWare Makes Drastic Cuts to Survive, L2 'Technical Faith' Liquidated by the Market

marsbitHace 2 días 08:05

9:01 Kr | 7 Third-Party Platforms Involved in Train Ticket Sales Summoned for Talks; 4.5 Seconds for 5 Million, Zhang Xue's Live Auction of Championship Replica Racing Car Sells 'At Light Speed'; Amazon Denies Rumors of Laying Off 14,000 Employees in May

Chinese authorities have summoned seven third-party train ticket booking platforms, including Ctrip and Meituan, for disruptive practices against the official 12306 system. In a live stream auction, Zhangxue Motorcycle sold a championship replica race car for 5 million yuan in 45 seconds, with proceeds to be donated. Amazon denied rumors of planning to lay off 14,000 employees in May. Key developments include a national AI education action plan, Hong Kong's strict e-cigarette ban effective April 30, and a $352 million fine for accounting firm Zhongxingcai Guanghua. Samsung is reportedly restructuring its China operations, while Tesla denied producing a new compact SUV. OpenAI faces executive departures in its data center strategy, and Huawei previewed upcoming AI glasses. Financial results showed TSMC's Q1 revenue grew 35% YoY, while Porsche's China sales dropped 21%. Anthropic secured AI computing power from CoreWeave, and MiniMax launched a new music generation model. Several Chinese tech companies, including Shengshu Tech and Opensource China, completed significant funding rounds. Nio unveiled its ES9 premium SUV with starting price of 528,000 yuan, and XPeng partnered with Fuyao on AI dimming glass technology.

marsbit04/11 01:08

9:01 Kr | 7 Third-Party Platforms Involved in Train Ticket Sales Summoned for Talks; 4.5 Seconds for 5 Million, Zhang Xue's Live Auction of Championship Replica Racing Car Sells 'At Light Speed'; Amazon Denies Rumors of Laying Off 14,000 Employees in May

marsbit04/11 01:08

After Laying Off 30,000 Employees, Oracle Hires a CFO Who Managed Power Plants

Oracle, the global enterprise database giant, laid off approximately 30,000 employees, sparking widespread discussion. Shortly after, the company appointed Hilary Maxson as its new CFO with a compensation package of $297 million. Maxson’s background is notable: she spent nearly a decade as group CFO at Schneider Electric, a major energy management firm, and previously worked for 12 years at AES Corporation, a U.S. power company. Her entire career has revolved around the energy sector—managing power plants, grids, and data center energy solutions. This appointment signals a strategic shift for Oracle. After 12 without a dedicated CFO, the company is pivoting from its traditional software business toward cloud and AI infrastructure. Oracle’s cloud infrastructure revenue surged 84% year-over-year, with a capital expenditure budget of around $50 billion this year—almost entirely allocated to AI data center construction. The company has secured massive contracts, including one with OpenAI exceeding $300 billion, contributing to a total backlog of $553 billion. Data centers, especially at the gigawatt scale, require enormous power—equivalent to a nuclear power plant’s output—making energy management critical. Oracle is no longer just a software company; it’s transforming into an energy-intensive infrastructure provider. While Wall Street remains optimistic, the stock has fallen about 24% this year, reflecting investor concerns over this high-cost, capital-intensive transition. The hiring of an energy-focused CFO underscores Oracle’s new direction.

marsbit04/08 05:23

After Laying Off 30,000 Employees, Oracle Hires a CFO Who Managed Power Plants

marsbit04/08 05:23

People Laid Off by AI Won't Disappear; They Will Become the Creators of the Next Economy

The article argues that the real question surrounding AI is not whether it will cause unemployment, but what happens to the people displaced. AI is replacing not humans, but the standardized, replicable, and automatable parts of human work. This follows historical patterns where technological revolutions, from stone tools to computers, made old skills obsolete and dissolved old structures—but humanity adapted and reorganized. The author draws a parallel to China’s large-scale layoffs during state-owned enterprise reforms 30 years ago, which initially seemed catastrophic but eventually fueled the growth of a new private economy, new companies, and new types of jobs. Engineers, though among the first impacted, are also positioned to recover fastest. Their systemic understanding and proximity to new productive forces make them ideal candidates to adapt and create in the new economy. More importantly, AI is reshaping companies themselves—reducing organizational bloat, communication costs, and bureaucracy. This enables smaller, more agile teams and empowers strong creators who may have previously struggled with management rather than innovation. The core issue is not job loss, but self-definition: will individuals wait to be reassigned by the old system, or use new tools to reorganize production? AI accelerates differentiation—eliminating some jobs, shattering illusions for some, and offering others a chance to leap forward. The author’s view is that AI is dismantling an entire generation’s belief in stable career paths. Those laid off won’t vanish; instead, many will reinvent themselves—transitioning from employees in old systems to creators of the next economy. Every productivity revolution淘汰 (eliminates) not people, but those who refuse to rewrite themselves. The first to accept this and start building the new world will succeed.

marsbit03/23 10:31

People Laid Off by AI Won't Disappear; They Will Become the Creators of the Next Economy

marsbit03/23 10:31

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