Microsoft Cuts 4,800 Jobs in Latest AI-Era Layoff Round
Microsoft cut about 4,800 jobs, roughly 2.1% of its workforce, hitting Xbox and commercial sales hardest, the latest tech layoffs to intensify fears about AI and work.
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Nvidia’s Kyber AI Rack Reportedly Delayed to 2028 on Board Snag
By
Olivia Grant
Nvidia's Kyber rack for its 2027 Rubin Ultra chips has slipped more than a year to 2028 over a hard-to-manufacture circuit board, SemiAnalysis says, with no proven fallback.
Meta Quietly Launches Pocket, an App for AI-Generated Games
Meta quietly released Pocket, an app that lets people build small interactive games from text prompts and share them in a TikTok-style feed, built on its Gizmo acquisition.
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AI Spending Set to Surpass US Defense Budget by 2027
Big Tech's AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy for the first time.
Alibaba Internally Bans Claude Code Use Over Alleged Backdoor Concerns
Alibaba will bar employees from using Anthropic's Claude Code from July 10 over alleged security risks, after developers found code that detects China-linked users.
Zuckerberg Admits Meta’s AI Agent Bets Have Not Paid Off Yet
Mark Zuckerberg told employees that Meta's AI agents have progressed slower than expected and its restructuring was "not as clean" as planned, a rare admission amid huge AI spending.
Microsoft is Spending $2.5 Billion to Put Engineers Inside Its Customers’ Companies
Microsoft is investing $2.5 billion in Frontier, a new unit that will embed 6,000 engineers with customers to help them adopt AI, joining a wider industry race into hands-on deployment.
Cloudflare Opens Waitlist for a Gateway That Charges AI Agents in Stablecoins
Cloudflare opened a waitlist for its Monetization Gateway, which lets sites charge AI agents in stablecoins for any page, dataset, API or tool, with no accounts or API keys.
Gamma Brings AI Presentation Design Into ChatGPT and Claude
Gamma's connector lets users generate polished presentations, documents and webpages from inside a ChatGPT or Claude conversation, without copying content into a separate design tool.
Anthropic Launches Claude Sonnet 5, Closing In on Opus 4.8
Anthropic released Claude Sonnet 5, its most agentic mid-tier model, which it says approaches the pricier Opus 4.8 on many tasks at a lower per-token cost.
Study Finds Heaviest AI Spenders Are Hiring More, Not Less
A new study of 22,000 US firms found that the heaviest AI spenders grew headcount faster than peers, including entry-level roles, complicating fears of an AI jobs apocalypse.
Magnificent 7 Sheds $2.3 Trillion in June on AI Spending Doubts
About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech's huge AI spending, even as chip and memory stocks kept climbing.
Extreme Heat and Severe Weather Emerge as Threats to AI Data Centers
By
Olivia Grant
A record European heatwave is highlighting a growing threat to the AI boom: extreme weather that stresses data centers and the power grids they depend on at once.