Technology

Microsoft Cuts 4,800 Jobs in an Xbox Reset, Says the Roles Aren't Being Replaced by AI

Microsoft is cutting about 4,800 jobs, some 3,200 in gaming, and spinning off four Xbox studios, insisting the eliminated roles are not being replaced by AI.

Daily Roundup

The Daily Roundup: 7-Eleven Sues Nike Over the Air Max 95, NBA Free Agency Reshapes the East, Essence Fest Wraps, and AI Funding Hits a Record $510B — July 6, 2026

7-Eleven sues Nike and forces the Air Max 95 Big Bubble off SNKRS, Jaylen Brown lands in Philadelphia as Kawhi Leonard returns to Toronto, and global startup funding hits a record $510 billion in the first half of 2026.

Technology

Together AI Hits $8.3 Billion Valuation With $800 Million Aramco-Led Series C

Together AI raised $800 million in a Series C led by Aramco Ventures, lifting the AI cloud provider to an $8.3 billion valuation as demand for open-source model hosting surges.

Daily Roundup

The Daily Roundup: Air Jordan 7 Miro, World Cup Quarterfinals, Beyoncé's 'Morning Dew,' and Mistral AI — July 5, 2026

The World Cup 2026 quarterfinals are set as France, Morocco, and Argentina advance, Wimbledon reaches the round of 16, and the Air Jordan 7 'Miro' returns July 10 at $255 in its first U.S. release.

Technology

Onsemi to Acquire Synaptics for $7 Billion in All-Stock Deal

ON Semiconductor agreed to acquire Synaptics for about $7 billion in an all-stock deal, its largest ever, combining its power and sensing chips with Synaptics' edge-AI processors to push into physical AI.

Technology

Microsoft Launches $2.5 Billion Frontier Company to Embed 6,000 AI Engineers

Microsoft launched Frontier Company on July 2, committing $2.5 billion and 6,000 engineers to embed inside enterprise customers and build AI systems, joining Amazon, OpenAI, and Anthropic in the forward-deployed race.

Intelligence Brief

The Intelligence Brief: LeBron Leaves the Lakers, JAIDE Lands the First Air Jordan 11 Collab, and AI Takes 43% of Venture Funding — July 4, 2026

Value concentrated at the top this week: OpenAI and Anthropic took 43% of all H1 venture funding, Jordan Brand handed JAIDE the first Air Jordan 11 collab in 30 years, and LeBron James left the Lakers to chase fit on his own terms.

Technology

Alibaba Bans Employees From Using Anthropic's Claude Code

Alibaba banned employees from using Anthropic's Claude Code from July 10 after code that detects China-based users surfaced; Anthropic calls it anti-distillation protection, and staff are told to use Qoder.

Technology

Midjourney Asks Court to Make Disney, Universal, and Warner Bros. Reveal Their AI Use

Midjourney asked the court to compel Disney, Universal, and Warner Bros. to disclose their own generative-AI use — a discovery gambit built on fair-use and unclean-hands defenses in their copyright fight.

Technology

Anthropic in Talks With Samsung to Develop a Custom AI Chip

Anthropic is in early talks with Samsung to manufacture a custom AI chip, The Information reported July 2 — a hedge against its heavy reliance on Nvidia even as Google and Amazon silicon stays central.

Daily Roundup

The Daily Roundup: Messi and Argentina Close the World Cup Round of 32, Nike Ja 3 'Tiger' Drops, Minions & Monsters Owns July 4, and OpenAI's $122B Raise — July 3, 2026

Messi and Argentina close out the World Cup Round of 32 against Cape Verde in Miami, the Nike Ja 3 "Tiger" and KD 6 "Meteorology" both drop today, Minions & Monsters eyes a $65M-plus July 4 opening, and OpenAI raises $122 billion.

Technology

Qualcomm to Acquire AI Software Startup Modular in $3.92B All-Stock Deal

Qualcomm is buying Chris Lattner's Modular for $3.92 billion in an all-stock deal, a bid to challenge Nvidia's CUDA with a vendor-neutral AI software layer spanning edge to cloud.