The Most Important Tech News Of The Week: Apple Shock, No-Code AI Revolution, and Saudi’s Billion-Dollar Bet
- 0MNINET
- May 12
- 3 min read
Introduction
In a week filled with major tech developments, three stories stood out above the rest. From a sharp rise in iPhone prices shaking the global smartphone market, to the explosive growth of no-code AI with Lovable, and Saudi Arabia’s billion-dollar move to become an AI superpower — these are the headlines that could shape the future of technology. Let’s dive into the most important tech news of the week.
Your Next iPhone Might Cost 30% More — Apple Confirms Impact

Apple users may soon feel the heat in their wallets. The tech giant has announced that due to new U.S. trade tariffs, iPhone prices could rise by up to 30% globally. This price shock comes as part of broader geopolitical tensions affecting the electronics industry, and Apple is expecting a $1.4 billion hit to its bottom line.
To mitigate the impact, Apple is accelerating the shift of its manufacturing base from China to India and Vietnam. While this move aims to protect long-term supply chain resilience, the short-term effect could be dramatic: in some markets like Australia, experts predict iPhone prices could reach over $4,000 AUD.
The situation highlights a growing trend,tech giants are under increasing pressure to adapt to global economic shifts. For consumers, it could mean paying significantly more for the same devices. For Apple, it’s a critical test of how well it can navigate a turbulent economic landscape without losing customer trust.
🔗Sources: 📖 Read on The Guardian
Build an App in Minutes with Lovable’s AI-Powered Platform

Ever dreamed of creating an app without writing a single line of code? Lovable, a Swedish AI startup, is making that dream a reality. With just a short text prompt, users can generate fully functional web apps — no coding skills required.
Lovable’s platform leverages cutting-edge AI models from OpenAI, Anthropic, and Google Gemini to understand user intent and translate it into working applications. In just under a year, the startup has attracted over 30,000 paying customers and hit a revenue milestone of $17 million ARR.
The recent launch of Lovable 2.0 has pushed the platform even further. New features include:
✅ Real-time team collaboration
✅ An AI agent that helps plan, debug, and iterate apps
✅ Built-in security tools to protect user data
As the no-code movement accelerates, Lovable stands out by combining powerful AI with a user-friendly experience. It's a glimpse into the future of software development—faster, smarter, and more accessible than ever.
🔗Sources: 📖 Read on TechCrunch
Saudi Arabia Bets Big on AI with ‘Humain’

In a bold and strategic move, Saudi Arabia has launched a new AI company called Humain, aiming to position itself as a global leader in artificial intelligence. Backed by the country’s $940 billion Public Investment Fund (PIF) and led by Crown Prince Mohammed bin Salman, Humain is part of a broader vision to transition Saudi Arabia from oil dependency to tech innovation.
The initiative will focus on:
🏢 Building massive AI-ready data centers
🧠 Developing Arabic-language AI models
🌍 Attracting global talent and partnerships
The announcement came during a high-profile investment summit in Riyadh, attended by tech leaders including Elon Musk, Sam Altman, and Mark Zuckerberg. The message is clear: Saudi Arabia is not just entering the AI race—it wants to lead it.
By focusing on Arabic-language AI, Humain also taps into a largely underserved segment in global AI development. With vast resources and political backing, the company could become a dominant force in shaping the next generation of AI in the Middle East and beyond.
🔗Sources: 📖 Read on Financial Times
Conclusion
From skyrocketing iPhone prices to AI that builds apps in seconds, and a Middle Eastern country entering the AI arms race — this week’s tech news proves one thing: the future is accelerating fast.
Keep following our blog for weekly updates that break down the biggest stories in tech and what they mean for the world.
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