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July 7, 2026, 6:30 AM
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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: XBOX Wire, Kotaku, Game File, IGN, The Verge, Aftermath, Kotaku, Benzinga, IGN, GamesIndustry.biz, Silicon Republic, Reuters, Polygon.com, GamesRadar, Video Games Chronicle, 80 Level, Forbes, The Information, PC Gamer, Rock, Paper, Shotgun, Push Square, @theweek, TechSpot, The Daily Upside, Aftermath, Yahoo Finance, Game Developer, Double Fine, Capital Brief, Cord Cutters News, Blaze Media, Blue's News, GeekWire, Windows Central, Rogue, Pure Xbox, Los Angeles Times, TBPN, Fortune, ScreenRant, MarketWatch, UPI, T3, Aftermath, New York Times, KFTC-TV, Washington Post, iPhone in Canada, CNN, The Verge, Business Today, The Movie Blog, Radio Times, and Yahoo Tech
X: @asha_shar, @doublefine, @compulsiongames, @stealth40k, @jthefrog0, @g27status, @mikeynohmore, @tekbog, @ethanrothamel, @hiddenxperia, @plumbnick, @moshimoshimoan, @mightygazelle1, @soulblazerz, @antvenom, @dotodoya, @welfare_jbp, @videocardz, @jackmovejohnny, @nikomueller, @tippity, @boundarybreak, @theghostofhope, @eric_seufert, @eric_seufert, @paultassi, @carygolomb, @mikedrucker, @thetranscript_, @rohankarmoon, @stephentotilo, @welfare_jbp, @dansgaming, @stephentotilo, @knoebelbroet, @zacbowden, @stephentotilo, @daviddoel, @wario64, and @bdsams
LinkedIn: Dan Rayburn, Liam McDonald, and Sam Carlisle
Bluesky: @jasonschreier, @bethesdaunion, @jasonschreier, @jasonschreier, @seanhollister, @sphynxian, @bethesdaunion, @bethesdaunion, @spacetwinks, @zeboydgames, @jasonschreier, @dringo, @mattmday, and @jasonschreier.  Threads: @eric_seufert
Forums: r/theouterworlds, r/Fallout, r/rpg_gamers, r/pcgaming, r/PS5, r/avowed, r/projecteternity, r/heroesofthestorm, r/Overwatch, r/digitalfoundry, r/pcmasterrace, r/starcraft2, r/Minecraft, r/italygames, r/diablo4, r/StateOfDecay, r/Overwatch, r/TwoBestFriendsPlay, r/DOUBLEFINE, r/kindafunny, r/Asmongold, r/france, r/wow, r/gaming, r/Games, r/gamingnews, r/NoSodiumStarfield, r/XboxGamePass, r/LastStandMedia, r/Steam, r/gamernews, r/dishonored, r/videogames, r/GearsOfWar, r/PS5, r/StateofDecay2, r/StateOfDecay, r/consoles, r/TwoBestFriendsPlay, r/ImmersiveSim, r/StateofDecay3, r/videogames, r/xbox, and r/Games
Ben Fritz / Wall Street Journal:
Source: Xbox Game Pass currently has ~30M subscriptions; an internal document shows Microsoft had projected Game Pass subscriptions would reach ~77M in 2026
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
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.
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 …
Tim Fernholz / TechCrunch:
US autonomous military vehicle startup Forterra says it deployed 100+ Lancer UGVs, based on Polaris ATVs, in Ukraine since 2025, completing 1,100+ missions  —  Forterra, a US builder of autonomous vehicles, revealed today that more than 100 of its self-driving ATVs have been deployed …
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 …
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.
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 …

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From Mediagazer

Daniel Thomas / Financial Times:
Sky agrees to acquire ITV's TV business for £1.6B, uniting the UK's two largest commercial broadcasters; ITV says shareholders will receive £950M from the deal

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

Emily Shugerman / The San Francisco Standard:
A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor

Earlier Picks

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
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
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
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
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
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