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July 6, 2026, 1:05 PM
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Bloomberg:
Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside ~3,200 job cuts, to streamline the business, in a “reset”  —  Compulsion and Double Fine studios will become independent; Undead Labs and Ninja Theory will be sold.
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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 …
Anniek Bao / CNBC:
SemiAnalysis: Nvidia delays its next-gen AI rack system Kyber NVL144 by 12+ months to 2028 due to PCB manufacturing issues, and cancels its NVL72x2 architecture  —  NVIDIA's next marquee product — the Kyber rack-scale architecture designed to house its 2027 Rubin Ultra chips …
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  —  Anthropic on Monday signed a 20-year lease to use a TeraWulf data center in Kentucky.  —  The data center, located about an hour southwest …
Bill Toulas / BleepingComputer:
Researchers document JadePuffer, the first known “agentic ransomware”, which adapts in real time by retrying steps to execute an end-to-end extortion operation  —  Researchers identified what they believe is the first documented case of a ransomware operation, JadePuffer …
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  —  Broadcom (AVGO.O) said on Monday it has agreed to expand its partnership with Apple (AAPL.O) through 2031 to develop and supply custom chips …
Ming-Chi Kuo:
Kuo: Apple suppliers plan to ship <1M foldable iPhones in Q3 2026, which may push the start of device preorders and sales to Q4, with weeks of delivery delays  —  My latest industry survey indicates that assembly shipments for the foldable iPhone in 2H26 will be roughly 7-8 million units …
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  —  The decision comes alongside an update to the Switch 2 to coincide with European battery regulations.
Sam Witteveen / VentureBeat:NEW
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 …
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) …
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  —  Publicly, the Trump administration is bullish about AI.  Privately, some of its analysts are weighing AI against the dotcom bust.
Connie Loizos / TechCrunch:
An interview with Agility Robotics CEO Peggy Johnson on why the startup is going public via a SPAC, the physical layer as its core advantage, safety, and more  —  The humanoid robotics market is awash in money right now.  Last week, AI2 Robotics, a Shenzhen-based startup that makes wheeled humanoid robots …
More: Benzinga
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Newest

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 AprilFind
3 minutes ago
Julia Hornstein / The Information:
Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basisFind
40 minutes ago
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 billFind
70 minutes ago
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 rulesFind
2½ hours ago
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 pricesFind
2½ hours ago
Bloomberg:
Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside ~3,200 job cuts, to streamline the business, in a “reset”Find
3½ hours ago
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 2027Find
3½ hours ago
Full Time-Sorted List

From Mediagazer

The Hollywood Reporter:
The Sky-ITV deal raises questions about US ownership of the UK's largest commercially funded free-to-air network and a key part of its cultural landscape

Lucas Shaw / Bloomberg:
Sources: Netflix is studying its data to see why viewers quit its shows after S1, with some shows seeing a 30%-70% S2 drop, as it faces a quarter without hits

Alex Ritman / Variety:
AI-focused studio Particle 6 plans a full-length feature film to be led by the AI “actor” Tilly Norwood, as a hybrid production using film and TV professionals

More News

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
Brian Danga / The Block:
Ripple secures CASP authorization from Luxembourg's financial regulator, making it fully MiCA-compliant to offer crypto services across 30 EEA countries

Earlier Picks

Eli Tan / New York Times:
A look at Threads and an interview with Head of Threads Connor Hayes, as the platform passes 500M MAUs and increasingly resembles Reddit with a community focus
New York Times:
Analysis: nearly 1M $TRUMP retail buyers lost a combined $3.81B, while <500K mostly early wallets captured $4B in gains, a textbook memecoin wealth transfer
Mediagazer memeorandum WeSmirch
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