| 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 … | Bloomberg: |
| 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 … | 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 … | 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.| Steve Lohr / New York Times: |
Carnegie Mellon and other US universities are rethinking CS programs to adapt to generative AI, like focusing more on computational thinking and AI literacy — Computer science education will probably focus less on coding and more on computational thinking and A.I. literacy, said Mary Lou Maher … | 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.| Wall Street Journal: |
Chinese AI models from DeepSeek and others are becoming more popular worldwide; Sensor Tower: ChatGPT has 910M global downloads compared with DeepSeek's 125M — Chinese AI models are becoming more popular worldwide, testing American superiority — Chinese artificial-intelligence companies … | Bloomberg Law: |
| Danielle Popov / South China Morning Post: |
TikTok launches TikTok Shop in Japan, marking the e-commerce platform's 17th market, following launches in the US, the UK, Malaysia, Thailand, Vietnam, and more — TikTok has launched its e-commerce platform in Japan, enabling users to directly buy products featured in videos … | 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 … | Jonathan Stempel / Reuters: |
A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions — A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company … | Blake Brittain / Reuters: |
A California jury rules Google is liable in a 2019 class action lawsuit over collecting information from users' devices without permission and must pay $314.6M+ — A jury in San Jose, California, said on Tuesday that Google misused customers' cell phone data and must pay more than $314.6 million …
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| Bloomberg: |