Broadcom will extend its chip partnership with Apple through 2031, anchoring a broad semiconductor rebound Monday after the iShares Semiconductor ETF shed more than 12% across two sessions last week. Nvidia largely sat out the recovery amid reports of delays in its next-generation Kyber server system.
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.
Broadcom will extend its chip partnership with Apple through 2031, anchoring a broad semiconductor rebound Monday after the iShares Semiconductor ETF shed more than 12% across two sessions last week. Nvidia largely sat out the recovery amid reports of delays in its next-generation Kyber server system.
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.
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.