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July 3, 2025, 12:20 PM
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Jason Schreier / Bloomberg:
Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild  —  Hundreds of people were laid off as the company canceled upcoming games such as Perfect Dark and Everwild
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
Cameron Faulkner / The Verge:
Xbox says Arrowhead Game Studios' Helldivers 2 will debut on the Xbox Series X and S on August 26 for $40, the first PlayStation-published title to come to Xbox  —  Sony is bringing its popular live-service third-person shooter to more players. … Arrowhead Game Studios' Helldivers 2 …
Wall Street Journal:
Ford CEO Jim Farley, Andy Jassy, and other CEOs are now predicting AI will significantly replace white collar workers, a shift from dodging job loss questions  —  Ford chief predicts AI will replace ‘literally half of all white-collar workers’  —  CEOs are no longer dodging the question of whether AI takes jobs.
Samuel Axon / Ars Technica:
Sources detail EA's issues developing the next Battlefield, which now has a $400M+ budget; few staff believed EA leadership's 100M player target was achievable  —  EA insiders describe stress and setbacks in a project that's too big to fail.  —  It's been 23 years since the first Battlefield game …
Aamir Siddiqui / Android Authority:
Samsung's One UI 8 animation files show its future tri-fold phone, with three rear panels and two inward-folding hinges, rumored to be called the Galaxy G Fold  —  Samsung may unveil its tri-fold foldable phone with dual hinges soon — here's your first animated look!  —  •  —  •
Spiegel Online:
A whistleblower details Clothoff, an AI-powered nudify app that owns 10 similar services; Clothoff had 27M visitors in H1 2024 and produced 200K images daily  —  AI-generated naked images of real women is the business model behind Clothoff, a dubious “nudify” app that has millions of visitors.
Gian Volpicelli / Bloomberg:
ASML, Mistral AI, and 40+ European companies urge the EU to delay the implementation of its AI Act for two years, saying it puts the bloc's AI ambitions at risk  —  European companies including ASML Holding NV, Airbus SE and Mistral AI have called on the European Union to suspend the implementation …
Bhavya Sukheja / NDTV:
Mixpanel co-founder Suhail Doshi calls out Soham Parekh, who he says “works at 3-4 startups at the same time” and has “been preying on YC companies and more”  —  The AI founder shared Soham Parekh's resume, which shows that the techie has worked at Dynamo AI, Union AI …
Carl Zimmer / New York Times:
Researchers detail Centaur, a modified version of Llama trained on 10M+ human responses from 160 psychological experiments to better understand human cognition  —  To better understand human cognition, scientists trained a large language model on 10 million psychology experiment questions.
Anthony Hughes / Bloomberg:
Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31  —  The Austin-based company's chips are used in personal devices like fitness trackers, and industrial applications such as crop monitoring …
More: Reuters
Mackenzie Hawkins / Bloomberg:
Siemens says it has restored full access to its chip design software for its Chinese clients, after the Trump administration lifted export curbs imposed in May  —  President Donald Trump's administration has lifted recent export license requirements for chip design software sales in China …
MacKenzie Sigalos / CNBC:
OpenAI says the tokenized OpenAI shares now on Robinhood are not equity: “We did not partner with Robinhood, were not involved in this, and do not endorse it”  —  OpenAI is distancing itself from Robinhood's latest crypto push after the trading platform began offering tokenized shares …

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From Mediagazer

New York Times:
Sources: the White House directed FBI director Kash Patel to personally oversee the probe into NYT reporting about Air Force One, before subpoenas were issued

Jake Kanter / Deadline:
BBC Director General Matt Brittin says he will review BBC's foreign content acquisition strategy amid criticism over outbidding rivals for shows like Scooby-Doo

Scott Roxborough / The Hollywood Reporter:
Q&A: Banijay CEO Marco Bassetti on the All3Media merger, plans to expand beyond TV into live events and sports, preserving flexible company culture, and more

More News

Earlier Picks

Molly Taft / Wired:
Memphis grants xAI an air permit to operate 15 gas turbines at its Boxtown campus until 2027, despite protests and a potential NAACP lawsuit over pollution
Vicky Ge Huang / Wall Street Journal:
Ripple applies for a US national banking license, which would place its RLUSD stablecoin under the Office of the Comptroller of the Currency's regulatory remit
Bloomberg:
Sources: OpenAI has agreed to rent additional computing power from Oracle, totaling ~4.5 gigawatts of US data center power, as part of its Stargate initiative
Bloomberg:
Analysis: crypto ventures have added $620M+ to President Trump's fortune in the span of months, faster than his family's traditional real estate licensing deals
Maxwell Zeff / TechCrunch:
Perplexity launches a $200/month Max plan with unlimited Labs access, early access to features like its Comet browser, and priority access to models like o3-pro
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