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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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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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

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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