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July 3, 2025, 9:00 AM
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Top News

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
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.
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.
More: Ars Technica.  Bluesky: @santi4dc.  Threads: @mattnavarra.  Forums: r/technology, r/technology, Beehaw, and Ars OpenForum
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!  —  •  —  •
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 …
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 …
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 …
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 …
Thomas Seal / Bloomberg:
Uber drivers in British Columbia joined a union, seeking to negotiate Canada's first bargaining agreement for rideshare drivers; Uber has agreed to meet  —  Uber drivers in Greater Victoria, the province's capital, joined UFCW 1518 before they kick off talks with the San Francisco-based platform …
More: Engadget and Global News
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 …
Financial Times:
Sources: Bumble CEO Whitney Wolfe Herd says Bumble's “centre of gravity” will move to the US where the “talent pool is right now”; 70% of its staff are UK-based  —  CEO Whitney Wolfe Herd warns ‘dating apps are feeling like a thing of the past’
More: Silicon UK.  Bluesky: @robblackie, @mims, and @davelee.me
X: @mattlynnwriter and @rcobooth.  LinkedIn: Kieran Smith

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From Mediagazer

Victoria Craw / Washington Post:
Some CNN, Politico, and MS NOW reporters were denied access to the White House early Thursday despite a judge's order

Todd Spangler / Variety:
Paramount says it is raising another $7.5B in debt to pay for its WBD acquisition and pay down other debt, bringing the total debt it intends to raise to $44.4B

ABC News:
An ad on Fox News and Newsmax, with clips of Trump and echoing Republican midterm election messaging, draws criticism for being “paid for by the US government”

More News

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
Molly Taft / Wired:
xAI has been granted a permit to operate 15 gas turbines at its Memphis campus until 2027, despite protests and a potential NAACP lawsuit over air pollution

Earlier Picks

Jessica Toonkel / Wall Street Journal:
Sources: Netflix has held talks with Spotify about partnering on projects such as a music awards show, as it adds content that was core to the cable bundle
Bloomberg:
Analysis: crypto ventures have added at least $620M to President Trump's fortune in months, overshadowing traditional real estate licensing deals
Maxwell Zeff / TechCrunch:
Perplexity launches a $200/month Max plan with unlimited Labs access, early access to features like Comet browser, and priority use of models like o3-pro
Bloomberg:
TikTok lays off workers from the US division of TikTok Shop, the third round of layoffs for the team since April, after a year of missing internal sales targets
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
Emma Roth / The Verge:
ICEBlock, an app for anonymously reporting ICE official sightings, was the top free app in the US App Store on July 1; the app claims it stores no personal data
Angelique Chrisafis / The Guardian:
A French court finds three former Ubisoft executives, including the chief creative officer, guilty of enabling a culture of sexual and psychological harassment
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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