| 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.| 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 … | 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.| 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 … | 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 … | 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| 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.| Bloomberg: |
Baidu overhauls its search engine with AI features and a voice function in its most sweeping revamp in years, and rolls out its first image-to-video model — The Beijing-based company said it wants to make its mobile app more like an AI chatbot that can help users with writing, drawing and trip planning tasks.| Thomas Seal / Bloomberg: |
Uber drivers in British Columbia joined a union, seeking to negotiate Canada's first bargaining agreement for rideshare drivers; Uber has agreed to meet — Uber drivers in Greater Victoria, the province's capital, joined UFCW 1518 before they kick off talks with the San Francisco-based platform … | Boone Ashworth / Wired: |
A look at the ~$377 TranscribeGlass smart glasses that use AI to subtitle conversations in nearly real time, built for the deaf or hard-of-hearing — TranscribeGlass can subtitle conversations in nearly real time and will soon be able to translate languages and tell you when the person you're talking … | Peiyue Wu / Rest of World: |
Some Chinese universities are using AI detection tools to screen papers, but false positives force students to “dumb down” content or pay for rewriting services — As Chinese universities crack down on AI use, some students report false positives — and a booming industry of work-around tools is emerging.| Financial Times: |
Sources: CEO Whitney Wolfe Herd said Bumble's “centre of gravity” would move to the US where the “talent pool is right now”; 70% of Bumble's staff are UK-based — CEO Whitney Wolfe Herd warns ‘dating apps are feeling like a thing of the past’| 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.| Molly Taft / Wired: |
xAI has been granted a permit to operate 15 gas turbines at its Memphis campus until 2027, despite protests and a potential NAACP lawsuit over air pollution — xAI's gas turbines get official approval from Memphis, Tennessee, even as civil rights groups prepare to sue over alleged Clean Air Act violations.
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