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July 6, 2026, 5:45 PM
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Bloomberg:
Microsoft's Xbox unit plans to cut 3,200 jobs over the next year, including 1,600 on Monday, and divest up to five studios, including Ninja Theory, in a “reset”  —  Compulsion and Double Fine studios will become independent; Undead Labs and Ninja Theory will be sold.
More: Game File, XBOX Wire, IGN, The Verge, Aftermath, Kotaku, Reuters, GamesIndustry.biz, The Information, Forbes, Kotaku, Rock, Paper, Shotgun, Windows Central, PC Gamer, Associated Press, Fast Company, MarketWatch, Capital Brief, Polygon.com, MediaPost, T3, TheGamer, ByteHaven, Pure Xbox, Cord Cutters News, GeekWire, Blaze Media, Finimize, Push Square, The Verge, GamesRadar, Los Angeles Times, Fortune, Business Today, UPI, Rogue, Washington Post, KFTC-TV, The Tech Portal, Game Sandwich, Yahoo Finance, VideoCardz.com, Comic Book, PocketGamer.biz, This Week in Videogames, Ars Technica, Neowin, GamesBeat, The Game Business, BBC, Game Developer, DayOne, iPhone in Canada, MobileSyrup, Mashable, ScreenRant, Digit, Aftermath, 80 Level, The Next Web, Yahoo Tech, TBPN, PCWorld, Digital Trends, Video Games Chronicle, 9to5Toys, The Movie Blog, Dexerto, TechRadar, and Tom's Hardware
X: @asha_shar, @doublefine, @compulsiongames, @daviddoel, @stealth40k, @stephentotilo, @g27status, @knoebelbroet, @paultassi, @zacbowden, @eric_seufert, @bdsams, @eric_seufert, @rohankarmoon, @carygolomb, @stephentotilo, @mikedrucker, @dotodoya, @wario64, @thetranscript_, @stephentotilo, @dansgaming, and @welfare_jbp
LinkedIn: Liam McDonald and Sam Carlisle
Bluesky: @jasonschreier, @bethesdaunion, @dringo, @bethesdaunion, @bethesdaunion, @jasonschreier, @sphynxian, @mattmday, @spacetwinks, @jasonschreier, @seanhollister, @jasonschreier, @zeboydgames, and @jasonschreier.  Threads: @eric_seufert
Forums: r/heroesofthestorm, r/Overwatch, r/dishonored, r/digitalfoundry, r/ImmersiveSim, r/gaming, r/LastStandMedia, r/videogames, r/Asmongold, r/StateOfDecay, r/StateOfDecay, r/kindafunny, r/PS5, r/pcmasterrace, r/gamernews, r/XboxGamePass, r/NoSodiumStarfield, r/gamingnews, r/starcraft2, r/Overwatch, r/Minecraft, r/StateofDecay3, r/pcgaming, r/DOUBLEFINE, r/Games, r/xbox, r/GearsOfWar, r/wow, r/Games, r/StateofDecay2, r/consoles, r/Steam, r/TwoBestFriendsPlay, r/diablo4, r/TwoBestFriendsPlay, and r/france
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 …
Ben Fritz / Wall Street Journal:
Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year  —  The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations
Raphael Satter / Reuters:
Sources: CISA's Attack Surface Evaluation team is using Mythos to audit government code repositories and has already uncovered a large number of vulnerabilities  —  The U.S. cyber defense agency CISA is using Anthropic's AI model Mythos to audit government software, three people familiar …
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 …
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 bill  —  Add CBS News on Google  —  Illinois Gov. JB Pritzker on Monday signed legislation aimed at holding artificial intelligence companies accountable.
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) …
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 …
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.
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  —  Quick Take  — Strategy has sold 3,588 BTC for approximately $216 million, reducing its total holdings to 843,775 BTC.
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 April  —  For the past year, the awkward secret of the open-weight model boom has been that many of the strongest Chinese releases …
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 …
Julia Hornstein / The Information:
Source: Thrive Capital spinoff Thrive Holdings seeks to raise around $2B from SoftBank, Altimeter, D1, and others, after previously raising $1B  —  Some of the biggest backers of OpenAI and its rivals are pooling their money in an offshoot of Thrive Capital that buys controlling stakes …
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 …
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.
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 basis  —  Mercor hit over $2 billion in gross revenue run rate in June, double its pace earlier this year, according to a person with direct knowledge of the company's financials.
More: RuntimeWire
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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From Mediagazer

David Ellison / @ellisonskydance:
David Ellison announces that the combined Paramount and Warner Bros. Discovery will be called Skydance “to preserve what has made each of these studios iconic”

Max Tani / Semafor:
Nonprofit Tarbell Center for AI Journalism pledges $10M by 2027's end to fund new and legacy media covering AI, including $480K for NPR's Machine Gods podcast

Kristen Hare / Poynter:
Q&A with a co-author of a study on independent US journalism: 40% of respondents got all their income from their sites and ~80% were nearly 100% reliant on ads

More News

Andrew Chung / Reuters:
SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent

Earlier Picks

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
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
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
Mediagazer memeorandum WeSmirch
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