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July 2, 2025, 10:05 AM
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Jordan Novet / CNBC:
Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its global workforce, across teams and role types, after cutting ~6,000 jobs in May  —  Microsoft said Wednesday that it will lay off about 9,000 employees.  The move will affect less than 4% of its global workforce …
Zoë Schiffer / Wired:
Source: Mark Zuckerberg has, on 10+ occasions, offered top AI research talent up to $300M over four years, with $100M+ in total compensation for the first year  —  The Meta CEO is leading a hiring blitz, offering top talent at OpenAI eye-watering pay packages and endless access to cutting-edge chips.
Zoë Schiffer / Wired:
In a memo to OpenAI researchers, Sam Altman said “missionaries will beat mercenaries” and “there is much, much more upside to OpenAI stock than Meta stock”  —  “What Meta is doing will, in my opinion, lead to very deep cultural problems,” said CEO Sam Altman in a leaked memo sent to OpenAI researchers.
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  —  Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.”
Kurt Wagner / Bloomberg:
X says it will start to publish Community Notes written by AI agents and developers will soon be able to submit their own AI agents for the company to review  —  Elon Musk's X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed …
Reuters:
Sources: Intel is considering writing off its 18A and 18A-P manufacturing processes and stopping their marketing, focusing instead on 14A to compete with TSMC  —  Intel's (INTC.O) new chief executive is exploring a big change to its contract manufacturing business to win major customers …
Tabby Kinder / Financial Times:
Sources: Palmer Luckey is preparing to launch Erebor, a US bank backed by Joe Lonsdale and other tech investors to serve startups, including crypto businesses  —  Start-up named after the dragon's mountain in ‘Lord of the Rings’  —  A group of tech billionaires led by Palmer Luckey …
Jeremie Eliahou Ontiveros / SemiAnalysis:
A deep dive into Oracle's data center strategy and the company's emergence as an AI computing powerhouse, amid questions about its GPU business' sustainability  —  Oracle's Cloud Infrastructure business is firing on all cylinders and is greatly outpacing expectations.
Bloomberg:
Internal emails and audit reports warn that the Schengen Information System II, used by EU border forces, is rife with software and security vulnerabilities  —  An information-sharing system used by EU border forces to flag illegal immigrants and suspected criminals in real time was rife …
Lawrence Abrams / BleepingComputer:
Qantas discloses a cyberattack after hackers gained access to a third-party platform with 6M customers' personal data, but says no financial info was exposed  —  Australian airline Qantas disclosed that it detected a cyberattack on Monday after threat actors gained access to a third-party platform containing customer data.
Bloomberg:
Nothing unveils the $799 Phone 3 with a 6.7" AMOLED display, a Snapdragon 8s Gen 4, and three 50MP cameras, and the $299 Headphone 1, both shipping from July 15  —  The five-year-old company, known for its bold designs, unveiled the Phone 3 and a pair of similarly quirky headphones.

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From Mediagazer

Erik Hayden / The Hollywood Reporter:
Vox Media sells The Verge, SB Nation, Thrillist, The Dodo, and more to Penske; Vox's Ryan Pauley will join Penske as president of PMX, the new media brands unit

Stephen Bush / Financial Times:
The BBC will damage or scrap some crown jewels in current affairs by canceling The World Tonight, Crossing Continents, and Money Box Live, and making other cuts

Sara Guaglione / Digiday:
USA Today is using AI-assisted, pre-written soccer World Cup “shell files” for breaking news to capture traffic before Google's AI Overviews generate summaries

More News

Allie Garfinkle / Fortune:
Ambrook, which provides accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma CEO Dylan Field

Earlier Picks

Blake Brittain / Reuters:
A California jury rules Google is liable in a 2019 class action lawsuit for collecting info from users' Android devices without permission and must pay $314.6M+
The Information:
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; source: Cursor maker Anysphere hired two of Claude Code's leaders
Emma Roth / The Verge:
AT&T launches Account Lock to protect wireless users against SIM swapping attacks, following similar features from T-Mobile, Verizon, and Google Fi
Ivan Mehta / TechCrunch:
Meta expands WhatsApp's voice calling to let large businesses reach customers via the API and explores AI-powered product recommendations for merchants' sites
Emma Roth / The Verge:
Meta launches direct messaging for Threads users aged 18 and older, without E2EE support, and announces a “highlighter” feature, starting for trending topics
Maxwell Zeff / TechCrunch:
Cloudflare debuts “Pay per Crawl”, a marketplace that lets sites charge AI crawlers per crawl; new sites using Cloudflare will now block AI crawlers by default
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