Day: July 8, 2026

Microsoft cuts 4,800 jobs: Xbox downsizes, spins off four gaming studios Microsoft announced on Monday, July 06, 2026, that it is immediately eliminating 4,800 jobs, representing 2.1% of its global workforce, in a cost-cutting effort tied to its artificial intelligence strategy. Its Xbox division will lose approximately 20% of its staff, with 1,600 roles cut … Read more

Qualcomm Eyes $10B Tenstorrent Acquisition to Dominate AI Chip Market As of late June 2026, Qualcomm is in advanced talks to acquire Tenstorrent, Jim Keller’s RISC-V-based AI chip startup, for a valuation between $8 billion and $10 billion, though the deal is not finalized and milestone payment structures remain unresolved. The Information and Reuters confirmed … Read more