SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners

Microsoft's Xbox plans for major layoffs next month, Bloomberg News reports

Microsoft's Xbox plans for major layoffs next month, Bloomberg News reports June 10 : Microsoft's Xbox division is planning major layoffs next month and significant cuts to marketing and other budgets, Bloomberg News reported on Wednesday. The job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of the gaming unit in February.

Xbox warns of a ‘reset’ as it prepares for layoffs

Microsoft's Xbox division will be hit with significant layoffs next month, according to people familiar with Microsoft's plans. The company has been preparing for the layoffs internally for weeks, with Xbox CEO Asha Sharma hinting about "making hard choices" last month. Sources suggest the cuts could even involve a studio closure, or changes to the Xbox studio lineup.

Meta, X to Face Moratorium on Users Under 16 With New Canada Bill

App icons for Meta Platforms Inc. including, Meta AI, WhatsApp and Facebook, left to right, on a smartphone arranged in London, UK, on Thursday, Dec. 4, 2025. Meta Platforms Inc. risks a temporary European Union ban on the rollout of new policies over how its AI features in WhatsApp, after being hit by the latest probe into Big Tech’s alleged dominance on the continent.

'Bloom Is Off the Rose' for Oracle, Cleo's Kunst Says