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July 7, 2026, 2:35 AM
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Bloomberg:
Microsoft's Xbox unit plans to cut 3,200 jobs over the next year, including 1,600 on Monday, and divest up to five studios, including Ninja Theory, in a “reset”  —  Compulsion and Double Fine studios will become independent; Undead Labs and Ninja Theory will be sold.
More: XBOX Wire, IGN, Game File, Kotaku, The Verge, Aftermath, Kotaku, Reuters, The Economic Times, The Daily Upside, Polygon.com, Forbes, The Information, Rock, Paper, Shotgun, PC Gamer, @theweek, TechSpot, Double Fine, CNET, Digit, GeekWire, Pure Xbox, The Hollywood Reporter, Blaze Media, Push Square, Fast Company, Cord Cutters News, Comic Book, Business Insider, Phandroid, Capital Brief, ByteHaven, Aftermath, TheGamer, Windows Central, Rogue, Los Angeles Times, GamesRadar, TBPN, Fortune, ScreenRant, MarketWatch, UPI, T3, Aftermath, Washington Post, KFTC-TV, iPhone in Canada, CNN, The Verge, Business Today, The Movie Blog, Radio Times, Ars Technica, DayOne, PCWorld, Tom's Hardware, The Next Web, BBC, Mashable, Yahoo Finance, This Week in Videogames, The Tech Portal, Associated Press, 80 Level, TechRadar, MobileSyrup, and Yahoo Tech
X: @asha_shar, @doublefine, @compulsiongames, @daviddoel, @stealth40k, @stephentotilo, @g27status, @knoebelbroet, @paultassi, @zacbowden, @eric_seufert, @bdsams, @eric_seufert, @ethanrothamel, @rohankarmoon, @carygolomb, @stephentotilo, @mikedrucker, @dotodoya, @wario64, @thetranscript_, @stephentotilo, @dansgaming, and @welfare_jbp
LinkedIn: Dan Rayburn, Liam McDonald, and Sam Carlisle
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Forums: r/theouterworlds, r/Fallout, r/rpg_gamers, r/projecteternity, r/Overwatch, r/PS5, r/pcgaming, r/heroesofthestorm, r/avowed, r/digitalfoundry, r/pcmasterrace, r/starcraft2, r/Minecraft, r/diablo4, r/StateOfDecay, r/Overwatch, r/TwoBestFriendsPlay, r/DOUBLEFINE, r/kindafunny, r/Asmongold, r/france, r/wow, r/gaming, r/Games, r/gamingnews, r/NoSodiumStarfield, r/XboxGamePass, r/LastStandMedia, r/Steam, r/gamernews, r/dishonored, r/videogames, r/GearsOfWar, r/PS5, r/StateofDecay2, r/StateOfDecay, r/consoles, r/TwoBestFriendsPlay, r/ImmersiveSim, r/StateofDecay3, r/videogames, r/xbox, and r/Games
Tom Warren / The Verge:
Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most are in sales or Xbox, where ~20% of jobs are set to be cut by the end of FY 2027  —  Most of the job losses are in Microsoft's Xbox and commercial sales organizations. … A year after cutting around 9,100 employees …
Ben Fritz / Wall Street Journal:
Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year  —  The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations
Reuters:
Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B  —  Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices.
Anthropic:
Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output  —  As you read this sentence, circuits in your brain are adjusting your posture, controlling your breathing, and transforming lines and curves on the screen into recognizable words.
Andrew Chung / Reuters:
SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent  —  The U.S. Supreme Court declined on Monday to block a Texas law requiring app stores and developers to verify the age of mobile device users …
Sam Witteveen / VentureBeat:
Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April  —  For the past year, the awkward secret of the open-weight model boom has been that many of the strongest Chinese releases …
Daniel Kuhn / The Block:
BonkDAO, which oversees the Bonk memecoin, says it was the target of a “malicious governance proposal” that resulted in a loss of $20M worth of Bonk tokens  —  Quick Take  — BonkDAO was hit with a governance attack that appears to have drained approximately $20 million worth of BONK tokens …
Emily Shugerman / The San Francisco Standard:
A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor  —  Steve Hilton, the conservative British political operator running for governor of California, launched his longshot campaign in April 2025 …
Adam Harrington / CBS News:
Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill  —  Add CBS News on Google  —  Illinois Gov. JB Pritzker on Monday signed legislation aimed at holding artificial intelligence companies accountable.
Julia Hornstein / The Information:
Source: Thrive Capital spinoff Thrive Holdings seeks to raise around $2B from SoftBank, Altimeter, D1, and others, after previously raising $1B  —  Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of Thrive Capital that buys controlling stakes …
More: PYMNTS
Reuters:
SK Hynix launches a US share sale on the Nasdaq to raise ~$28B, selling 17.79M new shares; the final listing price is due Thursday before trading starts Friday  —  South Korean chipmaker SK Hynix (000660.KS) on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:35 AM ET, July 7, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Financial Times:
The High Court in London rules against Prince Harry and six other claimants in the privacy lawsuit against Daily Mail publisher Associated Newspapers

Daniel Thomas / Financial Times:
Sky agrees to acquire ITV's TV business for £1.6B, uniting the UK's two largest commercial broadcasters; ITV says shareholders will receive £950M from the deal

Max Tani / Semafor:
Analysis: ABC's The View hasn't featured a single candidate running in a competitive midterm race since the FCC launched an “equal time” rule probe in February

More News

Andrew Webster / The Verge:
Nintendo plans to stop selling the original Switch, Lite, and OLED in Europe from mid-February 2027 and update the Switch 2 to comply with new EU battery rules
James Hunt / The Block:
Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices
Natalie Lung / Bloomberg:
Reddit says its AI-powered content moderation systems caught 25K “spammy posts and comments” per day in Q1, reducing users' exposure to such content by 20% YoY
Akash Sriram / Reuters:
Broadcom agrees to expand its Apple partnership through 2031 to develop and supply custom chips; in 2023, the companies announced a multibillion-dollar 5G deal
CNBC:
Anthropic signs a 20-year, ~$19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity and to start delivering power in H2 2027

Earlier Picks

Eric Katz / NOTUS:
Doc: a draft US Treasury Department report is set to warn about the AI market's risks, likening key aspects to the dotcom bubble bursting in the early 2000s
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