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July 7, 2026, 6:50 AM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Microsoft's Xbox 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, Kotaku, Game File, IGN, Kotaku, The Verge, Aftermath, Benzinga, IGN, GamesIndustry.biz, Silicon Republic, Reuters, Polygon.com, GamesRadar, Digital Foundry, Video Games Chronicle, 80 Level, Forbes, The Information, PC Gamer, Rock, Paper, Shotgun, Push Square, @theweek, TechSpot, The Daily Upside, Yahoo Finance, Aftermath, Game Developer, Double Fine, Capital Brief, Cord Cutters News, Blaze Media, Blue's News, GeekWire, Windows Central, Rogue, Pure Xbox, Los Angeles Times, TBPN, Fortune, ScreenRant, MarketWatch, UPI, T3, Aftermath, New York Times, KFTC-TV, Washington Post, iPhone in Canada, CNN, The Verge, Business Today, The Movie Blog, Radio Times, Ars Technica, DayOne, PCWorld, Tom's Hardware, The Next Web, TheGamer, BBC, and Yahoo Tech
X: @asha_shar, @doublefine, @compulsiongames, @stealth40k, @jthefrog0, @g27status, @mikeynohmore, @tekbog, @ethanrothamel, @hiddenxperia, @plumbnick, @moshimoshimoan, @mightygazelle1, @soulblazerz, @antvenom, @dotodoya, @welfare_jbp, @videocardz, @jackmovejohnny, @nikomueller, @tippity, @boundarybreak, @theghostofhope, @eric_seufert, @eric_seufert, @paultassi, @carygolomb, @mikedrucker, @thetranscript_, @rohankarmoon, @stephentotilo, @welfare_jbp, @dansgaming, @stephentotilo, @knoebelbroet, @zacbowden, @stephentotilo, @daviddoel, @wario64, and @bdsams
LinkedIn: Dan Rayburn, Liam McDonald, and Sam Carlisle
Bluesky: @jasonschreier, @bethesdaunion, @jasonschreier, @jasonschreier, @seanhollister, @sphynxian, @bethesdaunion, @bethesdaunion, @spacetwinks, @zeboydgames, @jasonschreier, @dringo, @mattmday, and @jasonschreier. Threads: @eric_seufert
Forums: r/Fallout, r/theouterworlds, r/rpg_gamers, r/pcgaming, r/PS5, r/avowed, r/projecteternity, r/heroesofthestorm, r/Overwatch, r/digitalfoundry, r/pcmasterrace, r/starcraft2, r/Minecraft, r/italygames, 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
| Ben Fritz / Wall Street Journal: |
More: IGN, Fortune India, Thurrott, Polygon.com, ScreenRant, ByteHaven, Comic Book, Bisnow, Kotaku, and ZeroHedge News
Forums: r/gaming and r/LastStandMedia
| Tom Warren / The Verge: |
More: CNBC, Microsoft, Business Insider, TechCrunch, Gizmodo, Financial Times, GeekWire, Business Today, Information Age, Digit, The Indian Express, People Matters, Inc.com, The Sun, Benzinga, CBC News, MediaPost, The Stack, Axios, The Register, Blockonomi, PYMNTS, The Daily Caller, Washington Examiner, San Francisco Chronicle, Fast Company, Seattle Business Journal, ABC News, Deadline, New York Post, Euronews, Telecompaper, The Economic Times, DatacenterDynamics, Sky News, @theweek, Variety, Windows Central, and Business Insider
X: @caro_milanesi and @johnwilson
Bluesky: @edzitron.com, @carnage4life, and @tomwarren.co.uk
| Reuters: |
Samsung estimates Q2 operating profit of ~$58.44B, up 19x from Q2 2025 and above ~$57.02B est., and revenue up 129% YoY to ~$111.7B; Samsung's stock drops 5%+ — Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier …
More: Samsung Newsroom, Bloomberg, GSMArena.com, New York Times, Spyglass, SammyGuru, SiliconANGLE, Financial Times, CNBC, SamMobile, Benzinga, Nikkei Asia, Wall Street Journal, Wccftech, and Korea JoongAng Daily
X: @danielnewmanuv, @firstadopter, @pequityresearch, @negligible_cap, @jun_song, @universeice, @jackfarley96, and @jukan05
Forums: r/DRAM_ETF and r/wallstreetbets
| 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.
More: Business Standard, Anthropic, Axios, Digit, The Rundown AI, The Neuron, Anthropic on YouTube, Implicator.ai, The Indian Express, Gizmodo, VentureBeat, and RuntimeWire
X: @anthropicai, @blader, @borismpower, @neelnanda5, @alancowen, @jack_w_lindsey, @lioronai, @corsaren, @anthropicai, @emollick, @standehaene, @signulll, @aran_nayebi, @ns123abc, @scobleizer, @repligate, @robj3d3, @ziv_ravid, @rileyralmuto, @sammcallister, @deryatr_, @timfduffy, @swyx, and @anthropicai
Bluesky: @amyhoy and @shibbi.me
Forums: Hacker News, r/ClaudeAI, r/LocalLLaMA, and r/singularity
| Wall Street Journal: |
OpenAI, Anthropic, and other top AI labs are offering startups token credits and special promotions, as the AI labs seek lasting streams of enterprise revenue — Pitched battle for business users comes as AI companies seek lasting streams of revenue — Hans Ibarra, a founder building … | Kai Nicol-Schwarz / CNBC: |
OpenRouter: Chinese AI models have drawn 30%+ of token use by US companies each week since February 8, peaking at 46%, up from 11% over the previous 12 months — Chinese-built AI models are gaining traction among U.S. companies as they narrow the performance gap with leading American rivals … | Diana Novak Jones / Reuters: |
Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T — Meta Platforms (META.O) said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations …
More: Engadget, Fox Business, Blockonomi, COINOTAG, The Independent, Digit, and Simply Wall St. Bluesky: @glinden
| 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 …
More: NPR, CNET, PocketGamer.biz, New York Sun, Courthouse News Service, Politico, CNN, Wall Street Journal, Washington Examiner, Newser, Al Jazeera, USA Today, Associated Press, SCOTUSblog, ABA Journal, CCIA, New York Times, MS NOW, and Bloomberg Law
X: @juliecbarrett, @jareddhayden, @ccianet, @joellthayer, and @tppf. Mastodon: @carnage4life@mas.to. Forums: Slashdot
| Reuters: |
Sources: DeepSeek is in the early stages of developing its own AI chip designed for inference, in a bid to reduce its reliance on Nvidia and Huawei hardware — Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce … | Tim Fernholz / TechCrunch: |
US autonomous military vehicle startup Forterra says it deployed 100+ Lancer UGVs, based on Polaris ATVs, in Ukraine since 2025, completing 1,100+ missions — Forterra, a US builder of autonomous vehicles, revealed today that more than 100 of its self-driving ATVs have been deployed … | Mauro Orru / Wall Street Journal: |
UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific — Nscale raised $2 billion earlier this year as investors continue to see promise in AI — Nscale Global Holdings said it had secured …
More: PR Newswire, Capacity, and UKTN
| Financial Times: |
European banking watchdogs ECB and ESRB warn that frontier AI models pose “systemic risks to the financial system”, giving lenders four months to prepare — IT weaknesses could be exploited by frontier models in a ‘matter of minutes or hours’, say ECB and ESRB| 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 … | Bloomberg: |
Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google — German startup Proxima Fusion has raised €411 million ($469 million) from a range of investors …
More: CNBC, Financial Times, Pathfounders, FinSMEs, Proxima Fusion, Sifted, Axios, Benzinga, RuntimeWire, Ventureburn, and Anadolu Ajansı …. X: @soundboy
| Reuters: |
Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% — Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices …
More: Benzinga
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