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July 3, 2025, 10:40 AM
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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's Helldivers 2 will arrive on the Xbox Series X and S on August 26 for $40, the first PlayStation-published title to launch on Xbox  —  Sony is bringing its popular live-service third-person shooter to more players. … Arrowhead Game Studios' Helldivers 2 will make the jump …
Wall Street Journal:
Ford CEO Jim Farley, Andy Jassy, and other CEOs are now predicting AI will significantly cut white collar jobs, a shift from a reluctance to acknowledge losses  —  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; some staff were skeptical of the EA leadership's 100M player target  —  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 …
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 …
Aamir Siddiqui / Android Authority:
Samsung's One UI 8 build animation files show its future tri-fold phone, with three rear panels and two inward-folding hinges, rumored to be the Galaxy G Fold  —  Samsung may unveil its tri-fold foldable phone with dual hinges soon — here's your first animated look!  —  •  —  •
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 …
Carl Zimmer / New York Times:
Researchers detail Centaur, a modified version of Llama trained on 10M+ responses from 160 psychological experiments, in an attempt to mimic human cognition  —  To better understand human cognition, scientists trained a large language model on 10 million psychology experiment questions.
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  —  A national banking charter would make the OCC a regulator of Ripple's stablecoin  —  Ripple has applied for a national banking license …
Mackenzie Hawkins / Bloomberg:
Siemens says it has restored full access to its chip design software for its Chinese clients after the Trump admin lifted export curbs, initially imposed in May  —  President Donald Trump's administration has lifted recent export license requirements for chip design software sales in China …
Bhavya Sukheja / NDTV:
Mixpanel 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 …
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  —  The AI company will rent additional capacity from Oracle totaling about 4.5 gigawatts of data center power in the US …
Ryan Gould / Bloomberg:
Thoma Bravo strikes a $2B deal to acquire restaurant software maker Olo, representing a 65% premium over Olo's share price on April 30  —  Thoma Bravo has struck a $2 billion deal to acquire restaurant software maker Olo Inc. in a sign that private equity firms are still able to find bargains in hot equity markets.
More: Reuters

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From Mediagazer

New York Times:
The US DOJ confirms it is probing whether ABC, CBS, CNN, NBC, and Fox violated antitrust law by briefly suspending White House pool coverage of President Trump

Washington Post:
The Trump administration aired two taxpayer-funded campaign-style TV ads into early Monday, per AdImpact, past a judge's Sunday evening deadline to stop them

Max Tani / Semafor:
Sources detail how ABC News initially defended then retracted an article about President Trump's sons' defense links, saying it was published “prematurely”

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
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
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
Jordan Novet / CNBC:
Figma files for an IPO, plans to trade on the NYSE under the ticker FIG, and reports Q1 revenue up 46% YoY to $228.2M and net income up 233% YoY to $44.9M
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