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
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce …
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.”
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.
Sources: Foxconn recalled 300+ Chinese engineers from its Indian iPhone factories over the past two months, a blow for Apple as it ramps up iPhone 17 production
The bulk of Foxconn's Chinese staff at iPhone plants in southern India have been told to fly back in a move that began about two months ago …
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 …
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.
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 …
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”
neither will Meta's $100 million raid on the firm's top AI talent Rocket Drew / The Information : Sam Altman Calls Meta Recruiting Efforts ‘Distasteful’ Alexandra Tremayne-Pengelly / Observer : Here A...
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 …
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 … Bluesky: @ctmathewes . LinkedIn: Steve Lohr and Mary Lou Maher...
A French court finds three ex-Ubisoft executives, including the chief creative officer, guilty of enabling a culture of sexual and psychological harassment
Former staff likened offices of video game company in Paris to ‘boys’ club above the law' — Three former executives …
Tax credits for Intel, TSMC, and other chip companies under the Big Beautiful Bill would rise from 25% to 35% if they expand their US manufacturing before 2026
The latest version of U.S. President Donald Trump's “big beautiful bill” could make it cheaper for semiconductor manufacturers …
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.
Internal emails and audit reports warned that the Schengen Information System II, used by EU border forces, was 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 … LinkedIn: Antonella Napolitano , Romain Lanneau , and Leonardo Quattru...
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
and it's the most unique flagship of 2025 Igor Bonifacic / Engadget : The $799 Nothing Phone 3 has four 50MP cameras and a secondary micro-LED display Mat Smith / Engadget : Nothing Phone 3 hands-on: ...
A report finds Google undercounted its carbon emissions, which rose 65% from 2019 to 2024, not 51% as claimed; the largest YoY jump was 26%, from 2023 to 2024
Research says Google's carbon emissions went up by 65% between 2019-2024, not 51% as the tech giant had claimed
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 …
Meta launches direct messaging for Threads users aged 18 and older, without E2EE support, and announces a “highlighter” feature, starting for trending topics
how do I limit who can DM me? Why does Meta possibly think the only reaction I may have to getting DMs is to turn on notifications when I don't have notifications on for threads in the first place? ...
Cloudflare debuts “Pay per Crawl”, a marketplace that lets sites charge AI crawlers per crawl; new sites using Cloudflare will now block AI crawlers by default
It's a total reshaping of how people make money on the internet. Full story: techcrunch.com/2025/07/01/c... Drew Harwell / @drewharwell.com : “Deeply concerned that the incentives for content creatio...
AT&T launches Account Lock to protect wireless users against SIM swapping attacks, following similar features from T-Mobile, Verizon, and Google Fi
here's what you need to know Alex Perry / Mashable : AT&T's new Wireless Account Lock can protect you from SIM swapping Lawrence Abrams / BleepingComputer : AT&T rolls out “Wireless Lock” feature to b...
Sources: Stockholm-based AI-powered app builder Lovable is set to raise $150M+ led by Accel at a ~$1.8B valuation, as VCs rush to back “vibe coding” startups
Two-year-old group nears more than $150mn in new funding as investors swarm around AI coding businesses
A California jury rules Google is liable in a 2019 class action lawsuit for collecting info from users' Android devices without permission and must pay $314.6M+
and it's being fined $3.14 million Azdhan / MEDIANAMA : Google to Pay $314M for Unconsented Data Transfers from Idle Android Phones Suhasini Srinivasaragavan / Silicon Republic : Google to pay Califor...
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
Here We Go Elaine Kurtenbach / Associated Press : China's Huawei Technologies must face criminal case for racketeering, other charges, U.S. judge says
Ambrook, which provides accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma CEO Dylan Field
Today, Ambrook is announcing $29M in funding raised … X: Tamara Winter / @_tamarawinter : Congrats to @ciaomack and Ambrook!! I think some of technology's biggest opportunities are in unglamorous infr...
Berlin-based Talon.One, which provides software for brands to run personalized promotions and loyalty schemes, raised $135M
Freya Pratty / Sifted :
Alibaba plans $7B in delivery and shopping subsidies over the next year, opens a Singapore AI hub, and is opening data centers in Malaysia and the Philippines
Tracy Qu / Wall Street Journal :
Amsterdam-based Dexter Energy, which offers AI-based forecasting and trading products for renewable energy and batteries, raised a €23M Series C led by Alantra
Sudip Kar-Gupta / Reuters :
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
Danielle Popov / South China Morning Post :
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; source: Cursor maker Anysphere hired two of Claude Code's leaders
What's notable is that Cursor just poached the lead engineer and PM for Claude Code. I guess this is now an industry trend. Threads: Dare Obasanjo / @carnage4life : Anthropic is at $4B/year revenue w...
Sources: the US FTC has opened an in-depth investigation into SoftBank's $6.5B acquisition of chip designer Ampere, which could take a year or more to conclude
Bloomberg Law :
Google ends its Recipe Quick View pilot, which showed full recipes directly in search results, after some bloggers feared it would reduce traffic and ad revenue
Bloomberg : LinkedIn: Paul Bannister LinkedIn: Paul Bannister : A potential issue we've been dealing with for the last year, under the radar, was something called Recipe Quick View. …
VC firms Thrive Capital and General Catalyst deploy private equity's “roll-up” strategy; Khosla Ventures, Bessemer, 8VC, and others are also exploring roll-ups
George Hammond / Financial Times :
Sources: Apple supplier Luxshare is working with China International, Citic, and Goldman Sachs on its Hong Kong IPO for as soon as 2025, aiming to raise $1B+
Bloomberg :
Shopify: Revolutionizing Commerce with Winter Edition '26
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