Minimalist News

AI Summary

The tech industry is facing significant layoffs, with Microsoft cutting 9,000 jobs across its global workforce and making major game cancellations, including the shutdown of The Initiative studio and the cancellation of the Perfect Dark reboot.
Artificial intelligence continues to shape job predictions, with industry leaders warning that AI could displace a significant portion of entry-level jobs in the coming years, potentially increasing unemployment rates.
Companies like Google and OpenAI are launching new AI capabilities and subscription models, with services like Perplexity offering premium AI access for a monthly fee.
Growing concerns over cybersecurity and fraud have surfaced, with lawmakers demanding banks address significant scams associated with the Zelle payment network and a hacker group being identified as a major threat to retail and transportation sectors.
The gaming landscape is evolving, highlighted by Nintendo's upcoming Switch 2 and the integration of AI-generated content, despite issues like Blizzard discontinuing its Warcraft mobile game.

TechCrunch

AI job predictions become corporate America’s newest competitive sport techcrunch.com 42 minutes ago by Connie Loizos
AI
In late May, Anthropic CEO Dario Amodei appeared to kick open the door on a sensitive topic, warning that half of entry-level jobs could vanis…
French B2B neobank Qonto reaches 600,000 customers, files for banking license techcrunch.com 2 hours ago by Anna Heim
Fintech, credit, Qonto, neobanks
Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license it obtained in 2018.
OpenAI condemns Robinhood’s ‘OpenAI tokens’ techcrunch.com 6 hours ago by Maxwell Zeff
AI, OpenAI, Robinhood
OpenAI wants to make clear that Robinhood's sale of "OpenAI tokens" will not give everyday consumers equity — or stock — in OpenAI.
Wonder Dynamics co-founder Nikola Todorovic joins the AI Stage at TechCrunch Disrupt 2025 techcrunch.com 7 hours ago by TechCrunch Events
AI, Startups, TechCrunch Disrupt, TechCrunch Disrupt 2025, Disrupt 2025, TC Event Promo
TechCrunch Disrupt 2025 is back at Moscone West in San Francisco from October 27–29, bringing together 10,000+ startup and VC leaders to dig i…
Lucid sales inch forward as EV maker pushes to ramp Gravity production techcrunch.com 8 hours ago by Kirsten Korosec
Transportation, EVs, lucid group, Lucid Motors
Lucid sold 3,309 vehicles in the second quarter, a new record for the EV maker. Still, the company must ramp up production of its Gravity SUV …
Substack brings new updates to livestreaming as it increases video push techcrunch.com 10 hours ago by Lauren Forristal
Apps, content creators, Livestreaming, Substack
The recent update enables creators to share clips of their live videos on Notes, and Substack will notify them in real time about the performa…
Could Google’s Veo 3 be the start of playable world models? techcrunch.com 11 hours ago by Rebecca Bellan
AI, Media & Entertainment, Demis Hassabis, Google, google deemind, Veo, veo 3
Demis Hassabis, CEO of Google DeepMind, hinted Tuesday evening that Veo 3, Google’s latest video generating model, could potentially be used f…
David H. Rosmarin brings a founder-focused approach to anxiety at TechCrunch All Stage techcrunch.com 11 hours ago by TechCrunch Events
Startups, TC All Stage, TC Event Promo, TechCrunch All Stage, TechCrunch All Stage 2025
Startups demand constant decision-making and pressure-filled pivots, which bring big emotional swings. It’s no wonder anxiety shows up at ever…
Lovable on track to raise $150M at $2B valuation techcrunch.com 11 hours ago by Julie Bort
Startups, Venture, Accel, vibe coding, Lovable
Lovable released its vibe coder in late November. Within six months, the startup hit $50 million in ARR, CEO Anton Osika said.
Amazon is shutting down its Freevee app in August techcrunch.com 12 hours ago by Aisha Malik
Apps, Media & Entertainment, Amazon, Freevee, prime video
Amazon plans to shut down its Freevee app, the company’s free ad-supported streaming service, in August, according to an in-app notice to user…
Tesla’s energy storage business gets sucked into the company’s downward spiral techcrunch.com 12 hours ago by Tim De Chant
Climate, Batteries, energy storage, Tesla, lithium ion batteries
For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined.
India’s Max Financial says hacker accessed customer data from its insurance unit techcrunch.com 12 hours ago by Jagmeet Singh
Security, Axis Max Life Insurance, In Brief, Max Financial Services
The insurance giant is one of the largest insurers in India.
Perplexity launches a $200 monthly subscription plan techcrunch.com 12 hours ago by Maxwell Zeff
AI, Perplexity
The plan, Perplexity Max, offers unlimited access to various services and priority access to its services using the latest LLM models.
TikTok lays off more employees working on TikTok Shop US techcrunch.com 12 hours ago by Amanda Silberling
Social, In Brief, Layoffs, TikTok
TikTok Shop US is conducting its third round of layoffs in as many months.
Terra CO2 cements $124M Series B to slash concrete’s carbon footprint techcrunch.com 12 hours ago by Tim De Chant
Climate, Fundraising, Barclays, Breakthrough Energy Ventures, building materials, cement, concrete, GenZero, Just Climate, temasek, Terra CO2
The startup said that it’ll be using the new funding to build a massive facility near Dallas capable of pumping out 240,000 tons of its supple…
ChatGPT referrals to news sites are growing, but not enough to offset search declines techcrunch.com 12 hours ago by Sarah Perez
AI, Media & Entertainment, ChatGPT
Not surprisingly, organic traffic has also declined, dropping from over 2.3 billion visits at its peak in mid-2024 to now under 1.7 billion.
Former SpaceX manager alleges harassment, retaliation, and security violations in lawsuit techcrunch.com 13 hours ago by Aria Alamalhodaei
Space, Elon Musk, Exclusive, SpaceX
Previous lawsuits against SpaceX have alleged similar stories of bias against female employees and a hostile work environment that enabled gen…
A guide to using Edits, Meta’s new CapCut rival for short-form video editing techcrunch.com 14 hours ago by Aisha Malik
Apps, capcut, edits, evergreens, Instagram, Meta
Meta shared that it was working on Edits in January after ByteDance-owned CapCut was removed from U.S. app stores.
US chipmakers could see bigger tax credits if Trump’s spending bill passes techcrunch.com 14 hours ago by Rebecca Szkutak
AI, Enterprise, AI chips, artificial intelligence, chipmakers, In Brief, semiconductor, Trump Administration
The current version of the Trump administration's "big, beautiful bill" would raise the tax credit for U.S. chipmakers to 35%.
Meta users say paying for Verified support has been useless in the face of mass bans techcrunch.com 14 hours ago by Sarah Perez
Social, bans, Facebook, Instagram, mass bans, Meta, Meta Verified
Users have shared their interactions with Meta Verified support reps, who they claim have been dismissive and unhelpful.