Techmeme
July 3, 2025, 2:00 AM

Top News

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 …
More: Windows Central, Video Games Chronicle, The Verge, Variety, Windows Central, Bloomberg, IGN, The Verge, GeekWire, The Information, Variety, The Daily Upside, The Register, Associated Press, Thurrott, GamesIndustry.biz, Gizmodo, Digital Trends, Dallas Business Journal, AfroTech, UPI, MediaPost, MobileSyrup, Los Angeles Times, Cord Cutters News, CBC News, Plain Dealer, SiliconANGLE, Nintendo Life, Pure Xbox, PYMNTS.com, Fortune, Business Today, Seattle Business Journal, BBC, New York Times, Eurogamer.net, Türkiye Today, iPhone in Canada, Wall Street Journal, Neowin, Entrepreneur, Irish Independent, CNN, The Indian Express, Telegraph, Channel Futures, Techpresso, The Verge, Mashable, Aftermath, Cryptopolitan, New York Post, Capital Brief, CRN, Nairametrics, MarketWatch, San Francisco Business Times, Irish Independent, ITPro, The Wrap, WinBuzzer, Barron's Online, The Game Post, Gulf News, Daily Kos, and TechCrunch
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.
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 …
More: Global News
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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More News

Jessica Toonkel / Wall Street Journal:
Emma Roth / The Verge:
Angelique Chrisafis / The Guardian:

Earlier Picks

Johana Bhuiyan / The Guardian:
Bloomberg:
Kurt Wagner / Bloomberg:
Jordan Novet / CNBC:
Emma Roth / The Verge:
Maxwell Zeff / TechCrunch: