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July 2, 2025, 9:40 AM
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memeorandum
WeSmirchTop News
| Jordan Novet / CNBC: |
Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its global workforce, across teams and role types, after cutting ~6,000 jobs in May — Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce …
More: Bloomberg, Windows Central, The Information, GamesIndustry.biz, Livemint, and Reuters
| Zoë Schiffer / Wired: |
Source: Mark Zuckerberg has, on 10+ occasions, offered top AI research talent up to $300M over four years, with $100M+ in total compensation for the first year — The Meta CEO is leading a hiring blitz, offering top talent at OpenAI eye-watering pay packages and endless access to cutting-edge chips.
More: Windows Central, Spyglass, CTech, and The Decoder
Bluesky: @kylierobison.com, @bakerdphd, @mmasnick, @edzitron.com, and @katie-drummond
Threads: @alexanddeer, @katienotopoulos, and @alexheath
X: @morqon, @morqon, @mcf_dan, @signulll, @shaughnessy119, @clementdelangue, @packym, @signulll, @katienotopoulos, @apewoodx, @stvnzhn, and @wired. Forums: r/OpenAI
| Zoë Schiffer / Wired: |
In a memo to OpenAI researchers, Sam Altman said “missionaries will beat mercenaries” and “there is much, much more upside to OpenAI stock than Meta stock” — “What Meta is doing will, in my opinion, lead to very deep cultural problems,” said CEO Sam Altman in a leaked memo sent to OpenAI researchers.
More: Benzinga, Fortune, Windows Central, Digit, The Rundown AI, The Overspill, The Indian Express, The Information, and Observer
Bluesky: @biblioracle, @leonardpierce, @edzitron.com, @edzitron.com, @edzitron.com, @karissabe, and @wired.com
Mastodon: @doragasu@mastodon.sdf.org and @jalefkowit@vmst.io
X: @ns123abc, @turnernovak, @veggie_eric, @rohangrey, @mckbrando, @mikeisaac, @tednotlasso, @tayroga, @bradneuberg, @gothburz, @kyliebytes, @wired, and @wired
Forums: Hacker News, r/singularity, r/OpenAI, r/technology, and r/artificial
| Jordan Novet / CNBC: |
Figma files for an IPO, plans to trade on the NYSE under the ticker FIG, and reports Q1 revenue up 46% YoY to $228.2M and net income up 233% YoY to $44.9M — Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.”
More: US SEC, Figma, The Verge, Inside Bitcoins, Fast Company, Cointelegraph, Decrypt, The Economic Times, The Register, Fortune, Bitcoin Magazine, CryptoSlate, Constellation Research, Barron's Online, Yahoo Finance, The Crypto Times, Wall Street Journal, and Axios
Bluesky: @carnage4life. X: @tier10k, @zoink, @peter, @coorslightceo, @jasonlk, @jasonlk, @tanayj, @jasonlk, @arfurrock, @daveclark85, @robyn_shapiro, @sharoonbabu, @fiscal_ai, @dohamekki, @jasonlk, @cjc, and @borrowed_ideas. LinkedIn: Hunter Walk
Forums: r/FigmaDesign and Slashdot
| Kurt Wagner / Bloomberg: |
X says it will start to publish Community Notes written by AI agents and developers will soon be able to submit their own AI agents for the company to review — Elon Musk's X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed …
More: The Verge, Adweek, TechCrunch, The Economic Times, Business Standard, Developer Tech News, Benzinga, arXiv.org, Analytics India Magazine, Digit, Business Today, Mashable, Beebom, Tech Times, Cryptopolitan, WinBuzzer, Engadget, Social Media Today, and The American Bazaar
Bluesky: @mantzarlis.com, @quinnypig.com, @mantzarlis.com, and @mantzarlis.com
Threads: @cult_papa, @renee.diresta, and @renee.diresta
X: @communitynotes, @lindayax, @kcoleman, @communitynotes, @_jaybaxter_, @rejuvenatedrex, @nomadxx333, @_jaybaxter_, and @_jaybaxter_. LinkedIn: Kendra Barnett. Forums: r/technology
| Bloomberg: |
Sources: Foxconn recalled 300+ Chinese engineers from its Indian iPhone factories over the past two months, a blow for Apple as it ramps up iPhone 17 production — The bulk of Foxconn's Chinese staff at iPhone plants in southern India have been told to fly back in a move that began about two months ago …
More: TechCrunch, AppleInsider, 9to5Mac, MacRumors, Financial Express, and PhoneArena
| Reuters: |
Sources: Intel is considering writing off its 18A and 18A-P manufacturing processes and stopping their marketing, focusing instead on 14A to compete with TSMC — Intel's (INTC.O) new chief executive is exploring a big change to its contract manufacturing business to win major customers …
More: Club386, CTech, Yahoo Finance, TechPowerUp, New Electronics, WinBuzzer, PC Gamer, Benzinga, Notebookcheck, and Electronics Weekly
| Tabby Kinder / Financial Times: |
Sources: Palmer Luckey is preparing to launch Erebor, a US bank backed by Joe Lonsdale and other tech investors to serve startups, including crypto businesses — Start-up named after the dragon's mountain in ‘Lord of the Rings’ — A group of tech billionaires led by Palmer Luckey …
More: Reuters, PYMNTS.com, naked capitalism, Benzinga, and Cryptonews
Bluesky: @andyhazel, @prietschka, and @elkmovie
| Lawrence Abrams / BleepingComputer: |
Qantas discloses a cyberattack after hackers gained access to a third-party platform with 6M customers' personal data, but says no financial info was exposed — Australian airline Qantas disclosed that it detected a cyberattack on Monday after threat actors gained access to a third-party platform containing customer data.
More: TechCrunch, Silicon Republic, AppleInsider, The Record, 9to5Mac, Security Affairs, Qantas, Reuters, CSO, UPI, BBC, CyberInsider, Forbes, Fortune, Cyber Security News, BusinessLIVE, Daily Sabah, ITPro, Infosecurity, The Guardian, Telegraph, Information Age, Financial Times, Skift, The Cyber Express, Australian Financial Review, RTÉ, Simple Flying, Al Jazeera, ABC, The Register, Mumbrella, DataBreaches.Net, Tech Xplore, SmartCompany, Sydney Morning Herald, iTnews, Capital Brief, Australian Financial Review, 9News, ABC, Bloomberg, Cyber Daily, The Japan Times, Notebookcheck, and USA Insurance News …
| Steve Lohr / New York Times: |
Carnegie Mellon and other US universities are rethinking CS programs to adapt to generative AI, like focusing more on computational thinking and AI literacy — Computer science education will probably focus less on coding and more on computational thinking and A.I. literacy, said Mary Lou Maher … | Bloomberg: |
Internal emails and audit reports warn that the Schengen Information System II, used by EU border forces, is rife with software and security vulnerabilities — An information-sharing system used by EU border forces to flag illegal immigrants and suspected criminals in real time was rife … | Jeremie Eliahou Ontiveros / SemiAnalysis: |
A deep dive into Oracle's data center strategy and the company's emergence as an AI computing powerhouse, amid questions about its GPU business' sustainability — Oracle's Cloud Infrastructure business is firing on all cylinders and is greatly outpacing expectations.
More: Times of India and RCR Wireless News
| Bloomberg: |
Nothing unveils the $799 Phone 3 with a 6.7" AMOLED display, a Snapdragon 8s Gen 4, and three 50MP cameras, and the $299 Headphone 1, both shipping from July 15 — The five-year-old company, known for its bold designs, unveiled the Phone 3 and a pair of similarly quirky headphones.
More: GSMArena.com, The Verge, Business Today, Ars Technica, Moneycontrol, BGR, Nothing on YouTube, ZDNET, GB News, Android Central, Android Authority, Press Start, NDTV Profit, Xiaomiui.Net, Marques Brownlee on YouTube, Droid Life, Tech Times, Dave2D on YouTube, Gizmodo, TechEBlog, HotHardware, Business Standard, Digit, MobileSyrup, T3, Trusted Reviews, Android Police, Mashable, 9to5Google, The Indian Express, Tom's Guide, Engadget, Engadget, Digital Trends, MakeUseOf, Forbes, and The Verge
Threads: @bengeskin. X: @captain2phones, @chriswelch, @getpeid, @nothing, and @sondesix. Forums: r/NothingTech
| Wall Street Journal: |
Chinese AI models from DeepSeek and others are becoming more popular worldwide; Sensor Tower: ChatGPT has 910M global downloads compared with DeepSeek's 125M — Chinese AI models are becoming more popular worldwide, testing American superiority — Chinese artificial-intelligence companies … | Bloomberg Law: |
Sources: the US FTC has opened an in-depth investigation into SoftBank's $6.5B acquisition of chip designer Ampere, which could take a year or more to conclude — SoftBank Group Corp.'s acquisition of semiconductor designer Ampere Computing LLC is facing a potentially lengthy probe by the US government.
More: Engadget, Bloomberg, Reuters, The Information, and Reuters
| Danielle Popov / South China Morning Post: |
TikTok launches TikTok Shop in Japan, marking the e-commerce platform's 17th market, following launches in the US, the UK, Malaysia, Thailand, Vietnam, and more — TikTok has launched its e-commerce platform in Japan, enabling users to directly buy products featured in videos …
More: Silicon UK and TechNode
| Jonathan Stempel / Reuters: |
A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions — A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company …
More: Associated Press, Android Headlines, Silicon UK, Politico, Techstrong IT, and Bloomberg
| Blake Brittain / Reuters: |
A California jury rules Google is liable in a 2019 class action lawsuit over collecting information from users' devices without permission and must pay $314.6M+ — A jury in San Jose, California, said on Tuesday that Google misused customers' cell phone data and must pay more than $314.6 million … Sponsor Posts
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