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July 2, 2025, 4:35 PM
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| 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 …
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| Eddie Makuch / GameSpot: |
Microsoft cuts hundreds of Xbox jobs across studios, sources say including Halo Studios and King, and cancels games like Perfect Dark and Everwild — GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links.
More: Bloomberg, Thurrott, Windows Central, Game Developer, Forbes, The Verge, Engadget, IGN, Game Rant, Pure Xbox, Comic Book, Gamereactor UK, Screen Rant, Game Informer, TheGamer, Video Games Chronicle, Push Square, Rock, Paper, Shotgun, Kotaku, KitGuru, Game Sandwich, PlayStation LifeStyle, Gameranx, The Game Post, TechRaptor, Polygon, Eurogamer.net, and GamingBolt
Bluesky: @jasonschreier, @headfallsoff.com, and @eplerjc
| Bloomberg: |
Sources: OpenAI will rent additional computing power from Oracle, totaling about 4.5 gigawatts of US data center power, as part of its Stargate initiative — The AI company will rent additional capacity from Oracle totaling about 4.5 gigawatts of data center power in the US …
More: The Information, Investor's Business Daily, and Times of India
Bluesky: @onefeincat, @edzitron.com, and @inspector-w
Forums: r/artificial and r/wallstreetbets
| 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: |
Analysis: crypto ventures have added at least $620M to President Trump's fortune in months, overshadowing traditional real estate licensing deals — The Trumps have used their name and connections to profit from digital assets at a quicker clip than from their traditional real estate business.
More: New York Post, The Block, Coinpedia Fintech News, TheStreet, crypto.news, Benzinga, BeInCrypto, Cointelegraph, and The Crypto Times. Mastodon: @GossiTheDog@cyberplace.social
| 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: AppleInsider, 9to5Mac, TechCrunch, The Economic Times, UPI, The Verge, Times of India, The Economic Times, iClarified, iPhone in Canada, iDrop News, The Hindu BusinessLine, PhoneArena, Instapundit, Business Standard, Business Standard, Inc42 Media, Apple Must, Business Today, The Mac Observer, and MacRumors
Forums: r/worldnews, r/GeopoliticsIndia, r/apple, and MacRumors Forums
| 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
More: WinBuzzer, ITPro, ESG Dive, AI News, and SupplyChainBrain
| 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
Bluesky: @amaramarasingam, @carlosmaza, @garymarcus, @shikhadalmia, @eliothiggins, and @abbierichards
| 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.| 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.
More: PYMNTS.com, The Information, TechCrunch, Business Insider, and The Economic Times
| 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 …
More: TechCrunch, Engadget, Gizmodo, NBC News, Reason, iDrop News, Android Headlines, Washington Examiner, The Hill, al.com, and Freedom of the Press …
Bluesky: @atrupar.com, @smcgrath.phd, @gaiasearth, @brizzyc, @thorbenson, @techcrunch.com, and @atrupar.com
| 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: Game Developer, The Verge, Engadget, Video Games Chronicle, Le Monde, France 24, VG Charts, IGN, Insider Gaming, and Eurogamer.net. Bluesky: @mightykuwi
| Jessica Toonkel / Wall Street Journal: |
Sources: Netflix has held talks with Spotify about partnering on projects such as a music awards show, as it adds content that was core to the cable bundle — The streamer has had talks with Spotify about partnering on events — Netflix ascended by offering prestige TV and movies on demand for a monthly fee.| 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, and Cryptopolitan
| 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: TechCrunch and TNW
| 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 …
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X: @reuters. LinkedIn: Richard Platt. Forums: r/wallstreetbets, r/Semiconductors, r/hardware, and r/intelstock
| 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, CRN, TechCrunch, Silicon Republic, Forbes, Fox Business, Qantas, Wired, Fast Company, HealthcareInfoSecurity.com, Reuters, BBC, Tom's Guide, ComputerWeekly.com, Mashable, AppleInsider, Security Affairs, CyberInsider, Fortune, CSO, BusinessLIVE, OCCRP, Hackread, Cyber Security News, UPI, 9to5Mac, ITPro, Daily Sabah, Skift, Simple Flying, Infosecurity, RTÉ, Telegraph, ABC, The Cyber Express, Information Age, Tech Xplore, Yahoo Finance, Al Jazeera, The Guardian, The Register, Australian Financial Review, Financial Times, Mumbrella, DataBreaches.Net, SmartCompany, Sydney Morning Herald, iTnews, Capital Brief, Australian Financial Review, 9News, and ABC
| 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 … | 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 … | Freya Pratty / Sifted: |
Berlin-based Talon.One, which provides software for brands to run personalized promotions and loyalty schemes, raised $135M — UiPath and Salesforce investor Meritech Capital is among those backing the company — Talon.One, a Berlin-based startup which helps retailers offer promotions and loyalty schemes, has raised $135m.
More: FinSMEs, Business Wire, Pulse 2.0, and EU-Startups
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