Techmeme
July 2, 2025, 8:25 PM

Top 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, Windows Central, The Verge, Windows Central, Bloomberg, IGN, Variety, Variety, The Information, SiliconANGLE, The Register, GamesIndustry.biz, Thurrott, San Francisco Business Times, Stevivor, GeekWire, Digital Trends, CBC News, Capital Brief, Eurogamer.net, Deadline, MarketWatch, Times of India, MediaPost, Los Angeles Times, Plain Dealer, MobileSyrup, UPI, Gamereactor UK, Barron's Online, Dallas Business Journal, Türkiye Today, The Game Post, CNN, The Wrap, Business Insider, Gulf News, Cryptopolitan, AfroTech, ITPro, Financial Times, New York Post, CRN, Irish Independent, Wall Street Journal, New York Times, Mashable, Techpresso, Channel Futures, Telegraph, PYMNTS.com, Neowin, WinBuzzer, Cord Cutters News, Fortune, Aftermath, Game Rant, Irish Independent, The Verge, Business Today, Nairametrics, Nintendo Life, The Indian Express, TechCrunch, iPhone in Canada, Seattle Business Journal, Daily Kos, Entrepreneur, and GamingBolt
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.
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 …
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
MacKenzie Sigalos / CNBC:
OpenAI says the tokenized OpenAI shares Robinhood has started offering are not equity: “We did not partner with Robinhood...and do not endorse it”  —  OpenAI is distancing itself from Robinhood's latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
Vicky Ge Huang / Wall Street Journal:
Ripple has applied for a national banking license, which would place Ripple's dollar-backed stablecoin, RLUSD, under the US OCC's regulatory remit  —  A national banking charter would make the OCC a regulator of Ripple's stablecoin  —  Ripple has applied for a national banking license …
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.
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.
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, ESG Dive, AI News, ITPro, and SupplyChainBrain
Bluesky: @tamigraph and @jmbooyahForums: Slashdot
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 …
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.
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 …
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 …

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Earlier Picks

Lawrence Abrams / BleepingComputer:
Reuters:
Kurt Wagner / Bloomberg:
Jordan Novet / CNBC:
Emma Roth / The Verge:
Maxwell Zeff / TechCrunch: