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July 2, 2025, 12:25 PM
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WeSmirchTop News
| Jordan Novet / CNBC: |
Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its workforce, across teams and role types, after cutting ~6,000 in May and 300+ in June — Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce …
More: Video Games Chronicle, Bloomberg, Windows Central, The Verge, IGN, Variety, GamesIndustry.biz, Associated Press, Windows Central, GeekWire, Wall Street Journal, The Register, Thurrott, CNN, The Verge, The Information, CRN, Business Insider, TechCrunch, Neowin, Telegraph, The Irish Times, New York Post, Yahoo Finance, Irish Independent, The Indian Express, Channel Futures, Techpresso, Bloomberg Law, Mashable, Aftermath, Cryptopolitan, The Wrap, Barron's Online, Nairametrics, Gulf News, Irish Independent, ITPro, Gamereactor UK, Daily Kos, WinBuzzer, The Game Post, Nintendo Life, GamingBolt, PC Games Insider, and The Independent
Bluesky: @jasonschreier, @carnage4life, and @stephentotilo. X: @_tom_henderson_. LinkedIn: Jason Schreier
| 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, 9to5Mac, The Verge, Times of India, The Economic Times, AppleInsider, PhoneArena, Business Standard, Business Standard, Business Today, iClarified, Apple Must, Inc42 Media, and MacRumors
Forums: r/worldnews, r/apple, and MacRumors Forums
| 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, Benzinga, naked capitalism, and Cryptonews
Bluesky: @andyhazel, @prietschka, and @elkmovie
| 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, Guru3D, Cryptopolitan, CTech, PC Gamer, TechPowerUp, New Electronics, WinBuzzer, Yahoo Finance, Benzinga, Electronics Weekly, and Notebookcheck
| 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, Unchained, Tomasz Tunguz, Fortune, Clouded Judgement, Inside Bitcoins, Fast Company, Cointelegraph, Decrypt, The Economic Times, CryptoSlate, Constellation Research, Barron's Online, Yahoo Finance, The Crypto Times, Wall Street Journal, and Axios
Bluesky: @carnage4life. X: @daniellockyer, @tier10k, @zoink, @coorslightceo, @tanayj, @arfurrock, @daveclark85, @robyn_shapiro, @sharoonbabu, @fiscal_ai, @dohamekki, @cjc, @jasonlk, @jasonlk, @jasonlk, @jasonlk, @borrowed_ideas, and @peter. LinkedIn: Hunter Walk
Forums: r/FigmaDesign, r/FigmaDesign, and Slashdot
| 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: The Record, TechCrunch, Silicon Republic, Qantas, AppleInsider, 9to5Mac, Reuters, Security Affairs, BBC, Hackread, Mashable, Skift, Yahoo Finance, OCCRP, UPI, Fortune, The Register, Forbes, The Guardian, CyberInsider, CSO, BusinessLIVE, Cyber Security News, Telegraph, ITPro, Daily Sabah, Information Age, The Cyber Express, RTÉ, Simple Flying, Al Jazeera, ABC, Infosecurity, Tech Xplore, Australian Financial Review, Financial Times, Mumbrella, DataBreaches.Net, The Japan Times, SmartCompany, Sydney Morning Herald, iTnews, Capital Brief, Australian Financial Review, 9News, ABC, Bloomberg, Cyber Daily, USA Insurance News …, and Notebookcheck
| 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: Adweek, The Verge, Moneycontrol, TechCrunch, PCMag, Livemint, The Economic Times, KnowTechie, The Decoder, arXiv.org, Developer Tech News, Analytics India Magazine, Business Today, Digit, Business Standard, Mashable, Beebom, Tech Times, Benzinga, Cryptopolitan, WinBuzzer, Engadget, and Social Media Today
Bluesky: @mantzarlis.com, @quinnypig.com, @mantzarlis.com, and @mantzarlis.com
Threads: @cult_papa, @renee.diresta, and @renee.diresta
X: @communitynotes, @_jaybaxter_, @rejuvenatedrex, @nomadxx333, @_jaybaxter_, @_jaybaxter_, @kcoleman, @lindayax, and @communitynotes. LinkedIn: Kendra Barnett. Forums: r/technology
| Dylan Butts / CNBC: |
Tax credits for Intel, TSMC, and other chip companies under the Big Beautiful Bill would rise from 25% to 35% if they expand their US manufacturing before 2026 — The latest version of U.S. President Donald Trump's “big beautiful bill” could make it cheaper for semiconductor manufacturers …
More: TechCrunch, Korea Joongang Daily, Cryptopolitan, and Transport Topics
| Financial Times: |
Sources: Stockholm-based AI-powered app builder Lovable is set to raise $150M+ led by Accel at a ~$1.8B valuation, as VCs rush to back “vibe coding” startups — Two-year-old group nears more than $150mn in new funding as investors swarm around AI coding businesses
More: TNW
| 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 … | 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
| 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: Tom's Hardware, Spyglass, The Decoder, CTech, and Windows Central
Bluesky: @kylierobison.com, @bakerdphd, @mmasnick, @edzitron.com, and @katie-drummond
Threads: @alexanddeer, @katienotopoulos, and @alexheath
X: @nagpalchirag, @luke_metro, @shaughnessy119, @katienotopoulos, @apewoodx, @stvnzhn, @mcf_dan, @clementdelangue, @signulll, @signulll, @packym, @morqon, @morqon, and @wired. Forums: r/OpenAI
| Zoë Schiffer / Wired: |
More: SiliconANGLE, Benzinga, Fortune, The Rundown AI, The Overspill, The Indian Express, Digit, Windows Central, 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, @tednotlasso, @tayroga, @bradneuberg, @rohangrey, @mckbrando, @mikeisaac, @turnernovak, @veggie_eric, @gothburz, @kyliebytes, @wired, and @wired
Forums: Hacker News, r/singularity, r/OpenAI, r/technology, and r/artificial
| Angelique Chrisafis / The Guardian: |
A French court finds three ex-Ubisoft executives, including the chief creative officer, guilty of enabling a culture of sexual and psychological harassment — Former staff likened offices of video game company in Paris to ‘boys’ club above the law' — Three former executives …
More: Le Monde, Video Games Chronicle, VG Charts, IGN, France 24, and Insider Gaming
| Bloomberg: |
Internal emails and audit reports warned that the Schengen Information System II, used by EU border forces, was 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 …
LinkedIn: Antonella Napolitano, Leonardo Quattrucci, and Romain Lanneau
| 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: Engadget, Associated Press, TelecomTV, Silicon UK, Android Headlines, Politico, and Techstrong IT
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