| 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 … | 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 … | Johana Bhuiyan / The Guardian: |
A report finds Google undercounted its carbon emissions, which rose 65% from 2019 to 2024, not 51% as claimed; the largest YoY jump was 26%, from 2023 to 2024 — Research says Google's carbon emissions went up by 65% between 2019-2024, not 51% as the tech giant had claimed| Abbie Richards / Media Matters for America: |
TikTok users are posting AI-generated videos, seemingly made with Google's Veo 3, depicting racist and antisemitic tropes that have garnered millions of views — Google's Veo AI video generator is seemingly being used to generate videos depicting racist and antisemitic tropes| 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 … | 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 … | Emma Roth / The Verge: |
ICEBlock, an app for reporting sightings of ICE officials, was the top free app in the US App Store on Tuesday; the app claims to collect no personal data — After threats from the Trump administration, the popularity of ICEBlock surged. … ICEBlock, an app that lets users anonymously report sightings … | Bloomberg: |
TikTok lays off workers from the US division of TikTok Shop, the third round of layoffs for the team since April, after a year of missing internal sales targets — TikTok is cutting more workers from its US e-commerce division, TikTok Shop, the third round of layoffs for that team since April.| 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 … | 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 … | 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 … | 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.”| 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| 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 … | 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.| Maxwell Zeff / TechCrunch: |
Perplexity launches a $200/month Max plan with unlimited Labs access, early access to features like Comet browser, and priority use of models like o3-pro — Perplexity is launching a $200-per-month subscription plan for its power users, the company announced in a blog post Tuesday.| 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.| 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 …
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| Allie Garfinkle / Fortune: |
| Blake Brittain / Reuters: |
| Bloomberg: |
| Zoë Schiffer / Wired: |
| Emma Roth / The Verge: |
| Maxwell Zeff / TechCrunch: |