Breaking news

Rafael Nadal retires from tennis at the end of the 2024 season

The Spanish legend will end his professional career at the Davis Cup final, reports ATP.

KEY FACTS

  • Rafael Nadal announced that he will retire at the end of the 2024 season on social network X. “Hello everyone, I am here to inform you that I am retiring from professional tennis,” Nadal said in Spanish in the video.
  • The 38-year-old Spaniard will participate in his last. professional Davis Cup finals tournament in Malaga from November 19 to 24.
  • Rafael Nadal is a 92-time tour-level champion, and spent 209 weeks at No. 1 in the PIF ATP rankings.
  • He is a 22-time winner of Grand Slam titles, which includes a record 14 Roland Garros crowns.

KEY QUOTE

“Obviously this is a difficult decision and it took me a while to make it, but in this life, everything has a beginning and an end and I think the time is right to end a career that has been long and far more successful than I could have imagined.”

WHAT TO WATCH FOR

Nadal will end his storied career on home soil in Malaga, where he will be part of Spain’s Davis Cup squad, which also includes Carlos Alcaraz. The host nation play their quarter-final match against the Netherlands on Tuesday 19 November at 17:00 local time. “I am very excited that my last tournament will be the final of the Davis Cup and the presentation of my country,” said the tennis player.

“I think I’ve come full circle because one of my first great joys as a professional tennis player was the Davis Cup final in Seville in 2004. I feel super, super lucky for all the things I’ve been able to experience.” Nadal, who is 12-7 so far in 2024, went on to thank his ATP Tour rivals, his team and his family (including his uncle and former coach Toni Nadal). Although his body has rarely allowed him to compete at full fitness over the past two seasons, the Spaniard’s characteristic dedication to the sport has not waned. He attributes part of his desire to continue playing for so long to the advent of his son, Rafael. “Coming home and seeing my son grow every day was the force that really kept me alive and with the energy to continue,” says the Spaniard.

SPANISH LEGEND

Rafael Nadal is extremely popular among fans all over the world. His powerful left-footed strokes, combined with his almost unrivaled desire to compete and his role as part of the ‘Big Three’ alongside Roger Federer and Novak Djokovic, mean that he will end his career as one of the greatest icons of tennis.

“Finally, you the fans – I can’t thank you enough for what you made me feel,” Nadal said at the end of the video. “You gave me the energy I needed at every moment. Really everything I experienced was a dream come true. I leave with the absolute peace of mind that I have given my best and that I have made an effort in every way. I can only end with a thousand thanks to everyone and see you soon.”

FORBES ESTIMATES

According to our estimates, Nadal is the sixth highest-paid tennis star in 2024 with an income of $23.3 million. About $23 million of that amount is off-court income from various endorsement deals, as injuries kept him out of most major tournaments this past year. The exception is the French Open, where he lost in the first round to Alexander Zverev.

Crypto.com Leverages AI Revolution With Strategic Workforce Restructuring

AI Adoption Drives Strategic Restructuring

Crypto.com reduced its workforce by 12% as part of a shift to integrate artificial intelligence across its operations. CEO Kris Marszalek said in a post on X that companies not adopting AI risk falling behind. The company removed roles that do not align with its AI-focused operating model as part of the restructuring.

Preparing For Continued Success

Reorganization aims to adjust operations to new technology requirements. The company said a smaller team supported by AI tools is expected to improve efficiency and support product development. A spokesperson confirmed affected employees have been notified.

Industry-Wide Implications

The move reflects broader trends across the technology sector, where companies are restructuring operations in response to AI adoption. Block recently announced layoffs affecting a significant share of its workforce, with CEO Jack Dorsey citing increased use of automation tools. Companies, including Meta and Atlassian, have also reduced headcount while reallocating resources toward AI and enterprise products.

High-Value Investments In AI

Crypto.com has also invested in AI-related assets. Earlier this year, Marszalek acquired the domain AI.com for $70 million, reflecting a focus on AI-related branding and positioning.

A New Paradigm For The Tech Sector

AI adoption is driving changes in how technology companies structure operations. Workforce reductions across the sector, including Meta’s anticipated 20% cut and Atlassian’s 10% reduction, reflect a shift toward efficiency and increased use of automation.

Crypto.com’s restructuring and recent investments illustrate how financial technology companies are adapting to AI integration. Changes across the sector indicate a move toward leaner operating models and greater reliance on AI-driven processes.

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