Techmeme
July 7, 2026, 8:00 AM

Top News

Bloomberg:
Microsoft's Xbox 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: Kotaku, The Verge, Game File, XBOX Wire, IGN, Aftermath, IGN, Kotaku, Benzinga, GamesIndustry.biz, Reuters, Polygon.com, Video Games Chronicle, Silicon Republic, GamesRadar, TechRaptor, Fortune, Gameranx, Digital Foundry, Forbes, 80 Level, The Information, PC Gamer, Rock, Paper, Shotgun, Push Square, @theweek, TechSpot, The Daily Upside, Yahoo Finance, Game Developer, Aftermath, Double Fine, Capital Brief, Blue's News, Cord Cutters News, Blaze Media, Windows Central, GeekWire, Rogue, Pure Xbox, Los Angeles Times, TBPN, Fortune, ScreenRant, MarketWatch, UPI, T3, Aftermath, New York Times, KFTC-TV, Washington Post, The Verge, and Yahoo Tech
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:
Reuters:
Samsung estimates Q2 operating profit of ~$58.44B, up 19x from Q2 2025 and above ~$57.02B est., and revenue up 129% YoY to ~$111.7B; Samsung's stock drops 5%+  —  Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier …
Anthropic:
Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output  —  As you read this sentence, circuits in your brain are adjusting your posture, controlling your breathing, and transforming lines and curves on the screen into recognizable words.
Diana Novak Jones / Reuters:
Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T  —  Meta Platforms (META.O) said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations …
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  —  The U.S. Supreme Court declined on Monday to block a Texas law requiring app stores and developers to verify the age of mobile device users …
Benoit Berthelot / Bloomberg:
Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot  —  A former Tesla Inc. scientist who worked on Elon Musk's Optimus robot unveiled plans to produce a lightweight humanoid robot …
Bloomberg:
Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google  —  German startup Proxima Fusion has raised €411 million ($469 million) from a range of investors …
Reuters:
Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24%  —  Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices …
More: Benzinga
Kelsey Vlamis / Business Insider:
xAI rebrands to SpaceXAI and unveils a new logo; Elon Musk said in May that xAI would be dissolved as a separate company and become the AI products from SpaceX  —  - xAI has officially been rebranded to SpaceXAI.  — The change follows SpaceX's historic IPO and acquisition of xAI earlier this year.
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 …

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Earlier Picks

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