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July 6, 2026, 7:15 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: XBOX Wire, Game File, IGN, The Verge, Aftermath, Kotaku, Reuters, Polygon.com, Windows Central, GamesIndustry.biz, The Information, Forbes, Kotaku, Rock, Paper, Shotgun, PC Gamer, Business Insider, Comic Book, The Hollywood Reporter, Double Fine, Phandroid, Fast Company, Pure Xbox, Capital Brief, GeekWire, Associated Press, TheGamer, Los Angeles Times, GamesRadar, Fortune, The Tech Portal, Game Sandwich, Yahoo Finance, Blaze Media, VideoCardz.com, Washington Post, PocketGamer.biz, Push Square, This Week in Videogames, Ars Technica, Neowin, GamesBeat, UPI, The Game Business, Cord Cutters News, BBC, Game Developer, DayOne, iPhone in Canada, Rogue, MobileSyrup, T3, Mashable, ScreenRant, Digit, Aftermath, 80 Level, The Next Web, Yahoo Tech, TBPN, PCWorld, MarketWatch, Digital Trends, Video Games Chronicle, 9to5Toys, The Movie Blog, Dexerto, The Verge, ByteHaven, 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/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/Overwatch, r/Minecraft, r/StateofDecay3, r/pcgaming, r/DOUBLEFINE, r/Games, r/xbox, r/GearsOfWar, r/wow, r/Games, r/StateofDecay2, r/consoles, r/heroesofthestorm, 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
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.
Kelsey Vlamis / Business Insider:
xAI rebrands to SpaceXAI and debuts a new logo  —  - xAI has officially been rebranded to SpaceXAI.  — The change follows SpaceX's historic IPO and acquisition of xAI earlier this year.  — Elon Musk previously said xAI would be dissolved and folded into SpaceX.  —  xAI is no more.
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) …
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 …
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.
Daniel Kuhn / The Block:
BonkDAO, which oversees the Bonk memecoin, says it was the target of a “malicious governance proposal” that resulted in a loss of $20M worth of Bonk tokens  —  Quick Take  — BonkDAO was hit with a governance attack that appears to have drained approximately $20 million worth of BONK tokens …
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 …
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.
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 …
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.
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 …
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 …
Reuters:
Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B  —  Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices.
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.
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
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

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From Mediagazer

The Hollywood Reporter:
The Sky-ITV deal raises questions about US ownership of the UK's largest commercially funded free-to-air network and a key part of its cultural landscape

Alex Ritman / Variety:
AI-focused studio Particle 6 plans a full-length feature film to be led by the AI “actor” Tilly Norwood, as a hybrid production using film and TV professionals

Lucas Shaw / Bloomberg:
Sources: Netflix is studying its data to see why viewers quit its shows after S1, with some shows seeing a 30%-70% S2 drop, as it faces a quarter without hits

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

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Mediagazer memeorandum WeSmirch
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