Microsoft is cutting 4,800 employees, or 2.1% of its workforce, with the Xbox division losing about one-fifth of its staff and four gaming studios set to be spun off as the company restructures amid AI-era pressures.
Anthropic has signed a 20-year lease to use a TeraWulf data center in Hawesville, Kentucky, in a deal expected to generate around $19 billion in revenue over its initial term. TeraWulf shares jumped more than 16% in premarket trading on the news.
Even Realities Technology, a Shenzhen-based smart-glasses startup founded by a former Apple engineer, has raised $150 million in a pre-Series B round backed by Tencent and Meituan, reaching a $1 billion valuation as it targets the AI wearable market dominated by Meta Platforms.
Amazon Web Services announced that Mechanical Turk, its 21-year-old crowdsourcing marketplace, will stop accepting new customers on July 30, 2026, effectively placing the platform on life support amid declining relevance in an AI-dominated landscape.
Macquarie initiated coverage on five Chinese AI chip stocks in a late June report, naming Shanghai-listed Cambricon its top pick with a price target implying more than 50% upside, citing shifting government policy and a broadening domestic customer base.
Flatbush Zombies producer Erick the Architect discusses his surprise Apple WWDC appearance, his new disco-tinged single, and a tech life defined by offline walks, physical keyboards, and a deep regret about the Nokia N-Gage.
Midjourney has filed to broaden document discovery in its copyright dispute with Disney, Universal, and Warner Bros., seeking evidence of whether the studios use AI internally in ways similar to what they are suing Midjourney for doing.
Macquarie initiated coverage on five Chinese AI chip stocks in a late June report, naming Shanghai-listed Cambricon its top pick with a price target implying more than 50% upside, citing shifting government policy and a broadening domestic customer base.
The 2026 FIFA World Cup pushed prediction market trading to record levels in June, with Kalshi topping $31 billion in notional volume and Polymarket's international platform setting an all-time monthly high of $10.8 billion.
Amazon's Leo satellite internet network has surpassed 390 satellites in orbit, which the company says is enough to support initial commercial service across select geographies later this year, as it works to close the gap with SpaceX's Starlink.
Microsoft is cutting 4,800 employees, or 2.1% of its workforce, with the Xbox division losing about one-fifth of its staff and four gaming studios set to be spun off as the company restructures amid AI-era pressures.
Anthropic has signed a 20-year lease to use a TeraWulf data center in Hawesville, Kentucky, in a deal expected to generate around $19 billion in revenue over its initial term. TeraWulf shares jumped more than 16% in premarket trading on the news.
Even Realities Technology, a Shenzhen-based smart-glasses startup founded by a former Apple engineer, has raised $150 million in a pre-Series B round backed by Tencent and Meituan, reaching a $1 billion valuation as it targets the AI wearable market dominated by Meta Platforms.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.