Intel is laying off more than 5,000 employees across four states, according to updated Worker Adjustment and Retraining Notification filings. From a report: Most of the cuts are happening in California and Oregon. Intel more than doubled its layoff estimates for Santa Clara and Folsom to a total of 1,935 affected employees, according to California WARN filings. The cuts began taking place in Folsom on July 11, and in Santa Clara on July 15.

Scale AI is laying off 14% of its workforce and 500 contractors as part of a major restructuring just weeks after Meta bought a 49% stake and absorbed its CEO into a new superintelligence lab. The Verge reports: Jason Droege, CEO of Scale AI, sent an email to all Scale employees today, which was viewed by The Verge. Droege said he plans to restructure several parts of Scale's generative AI business and organize it from 16 pods to "the five most impactful": code, languages, experts, experimental, and audio. The company will also reorganize its go-to-market team into a single "demand generation" team that will have four pods, each covering a specific set of customers.

"The reasons for these changes are straightforward: we ramped up our GenAI capacity too quickly over the past year," Droege wrote. "While that felt like the right decision at the time, it's clear this approach created inefficiencies and redundancies. We created too many layers, excessive bureaucracy, and unhelpful confusion about the team's mission. Shifts in market demand also required us to re-examine our plans and refine our approach."

Droege said that he believes the changes to the company will make it more able to adapt to market shifts, serve existing customers, and win back customers that have "slowed down" work with Scale. He also said that the company would deprioritize generative AI projects with less growth potential. "We remain a well-resourced, well-funded company," he wrote. Scale's generative AI business unit will have an all-hands meeting tomorrow, followed by a company-wide meeting on July 18th.

Osborne said that Scale plans to increase investment and hire hundreds of new employees in areas like enterprise, public sector, and international public sector, in the second half of 2025 and that severance has been paid out to impacted roles. "We're streamlining our data business to help us move faster and deliver even better data solutions to our GenAI customers," he said.

OpenAI has added Google Cloud as a provider for ChatGPT and its API, expanding beyond Microsoft to address growing demand for computing power. CNBC reports: OpenAI has added Google to a list of suppliers, specifying that ChatGPT and its application programming interface will use the Google Cloud Platform, as well as Microsoft, CoreWeave and Oracle. The announcement amounts to a win for Google, whose cloud unit is younger and smaller than Amazon's and Microsoft's. Google also has cloud business with Anthropic, which was established by former OpenAI executives. The Google infrastructure will run in the U.S., Japan, the Netherlands, Norway and the United Kingdom.

The abstract of a paper featured on NBER: Most U.S. innovation output originates from firms that operate R&D facilities across multiple local markets. We study how this geographic structure influences aggregate innovation and growth, and whether it is socially optimal. First, we develop an endogenous growth model featuring multi-market innovative firms that generate knowledge spillovers to geographically proximate firms. In equilibrium, firms may operate in too few or too many local markets, depending on how sensitive are the local spillovers they generate to their local size. Second, to quantify these effects, we link the model to data on firms' R&D locations, patents, and citation networks. Using an event-study design, we show that firms' spatial expansion increases spillovers to other firms and estimate how these spillovers depend on a firm's local footprint. Our estimates imply that U.S. innovative firms operate in too few markets relative to the social optimum. Third, using quantitative counterfactuals, we find that policies promoting broader spatial scope yield larger welfare gains than standard R&D subsidies. Moreover, unlike R&D subsidies, such policies can also reduce regional inequality.

An anonymous reader shares a report: Google will now let everyone in the US call local businesses using AI. The feature, which is now available in Search, allows you to use AI for pricing or availability information without having to talk on the phone.

Google first started testing this feature in January, and it's still only available for certain kinds of businesses, like pet groomers, dry cleaners, and auto shops. When you search for one of these services, like a pet groomer, Google will display a new "have AI check pricing" prompt beneath the business listing.

Amazon.com marked its 30th anniversary Wednesday, three decades after Jeff Bezos launched the company as an online bookstore promising "one million titles" from Seattle. The e-commerce giant began in 1995 with Bezos, his then-wife MacKenzie Scott, and seven employees.

The company now employs 1.5 million people and carries a market capitalization exceeding $2 trillion. Amazon has expanded from books into groceries through its $13.7 billion Whole Foods acquisition, cloud computing via Amazon Web Services, and entertainment with Prime Video.

Digital tokens designed to track popular stocks have suffered extreme price deviations since launching two weeks ago, with an Amazon-tracking token briefly spiking to more than 100 times the underlying stock's closing price. The token AMZNX hit $23,781.22 on crypto trading platform Jupiter on July 3, while Amazon shares had closed the previous day around $200.

A similar Apple-tracking token jumped to $236.72 on July 3, representing a 12% premium to the actual stock price. Companies including Robinhood, Kraken, Gemini and Bybit launched these blockchain-based versions of U.S. stocks in late June for non-U.S. customers. Robinhood is facing scrutiny from Lithuania's central bank after launching tokens tied to OpenAI and SpaceX without permission from either company, prompting OpenAI to disavow the tokens on social media.

America's largest corporations are increasingly listing AI among the major risks they must disclose in formal financial filings, despite bullish statements in public about the potential business opportunities it offers. The Register: According to a report from research firm The Autonomy Institute, three-quarters of companies listed in the S&P 500 stock market index have updated their official risk disclosures to detail or expand upon mentions of AI-related risk factors during the past year.

The organization drew its findings from an analysis of Form 10-K filings that the top 500 companies submitted to the US Securities and Exchange Commission (SEC), in which they are required to outline any material risks that could negatively affect their business and its financial health.

Reddit has begun verifying users' ages in the UK to restrict access to "certain mature content" for minors, complying with the UK's Online Safety Act. The BBC reports: Reddit, known for its online communities and discussions, said that while it does not want to know who its audience is: "It would be helpful for our safety efforts to be able to confirm whether you are a child or an adult." Ofcom, the UK regulator, said: "We expect other companies to follow suit, or face enforcement if they fail to act." Reddit said that from 14 July, an outside firm called Persona will perform age verification for the social media platform either through an uploaded selfie or "a photo of your government ID," such as a passport. It said Reddit will not have access to the photo and will only retain a user's verification status and date of birth so people do not have to re-enter it each time they try to access restricted content. Reddit added that Persona "promises not to retain the picture for longer than seven days" and will not have access to a user's data on the site. The new rules in the UK come into force on 25 July. [...]

Companies that fail to meet the rules face fines of up to 18 million pounds or 10% of worldwide revenue, "whichever is greater." [Ofcom] added that in the most serious cases, it can seek a court order for "business disruption measures," such as requiring payment providers or advertisers to withdraw their services from a platform, or requiring Internet Service Providers to block access to a site in the UK."

Perplexity CEO Aravind Srinivas warned young entrepreneurs that tech giants will "copy anything that's good" during a talk at Y Combinator's AI Startup School, telling founders they must "live with that fear." Srinivas said that companies raising tens of billions need to justify capital expenditures and search for new revenue streams.

Perplexity pioneered web-crawling chatbots when it launched its answer engine in December 2022, but Google's Bard added internet-crawling three months later, followed by ChatGPT in May 2023 and Anthropic's Claude in March 2025. The competition has extended to browsers, with Perplexity launching its Comet browser on July 9 and Reuters reporting that OpenAI is developing a web browser to challenge Google Chrome. Perplexity's communications head Jesse Dwyer said larger companies will "drown your voice."

Nearly half of young Americans feel unprepared for future jobs as AI reshapes the workforce faster than career guidance can adapt, according to a new study from the Schultz Family Foundation and HarrisX. The survey of thousands of workers aged 16-24, along with parents, counselors and employers, revealed differences between generations about job availability and requirements. While 71% of employers say sufficient opportunities exist, only 43% of young people agree.

Parents rely on outdated personal experiences when advising children, with 79% drawing from their own career paths despite 66% believing their children should pursue different directions. Employers require at least one year of experience for 77% of entry-level positions while offering internships for just 38% of roles.

Candy Crush-maker King is cutting approximately 200 employees, with many positions filled by AI tools the departing workers helped develop, according to multiple sources who spoke anonymously to industry publication MobileGamer.biz. The layoffs heavily target level designers, user research staff, and UX and narrative writers across King's London, Barcelona, Stockholm, and Berlin studios.

The London-based Farm Heroes Saga team faces cuts of roughly 50 people, including key leadership positions. "Most of level design has been wiped, which is crazy since they've spent months building tools to craft levels quicker," one staffer said. "Now those AI tools are basically replacing the teams."

The U.S. Department of Defense has awarded contracts worth up to $200 million each to OpenAI, Google, Anthropic, and xAI to scale adoption of advanced AI. "The contracts will enable the DoD to develop agentic AI workflows and use them to address critical national security challenges," reports Reuters, citing the department's Chief Digital and Artificial Intelligence Office. From the report: Separately on Monday, xAI announced a suite of its products called "Grok for Government", making its advanced AI models -- including its latest flagship Grok 4 -- available to federal, local, state and national security customers. The Pentagon announced last month that OpenAI was awarded a $200 million contract, saying the ChatGPT maker would "develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains."

The contracts announced on Monday deepen the ties between companies leading the AI race and U.S. government operations, while addressing concerns around the need for competitive contracts for AI use in federal agencies. "The adoption of AI is transforming the (DoD's) ability to support our warfighters and maintain strategic advantage over our adversaries," Chief Digital and AI Officer Doug Matty said.

An anonymous reader quotes a report from Ars Technica: Samuel Herman and Alexander Baciu never liked using Comcast's cable broadband. Now, the residents of Saline, Michigan, operate a fiber Internet service provider that competes against Comcast in their neighborhoods and has ambitions to expand. "All throughout my life pretty much, I've had to deal with Xfinity's bullcrap, them not being able to handle the speeds that we need," Herman told Ars. "I lived in a house of 10. I have seven other brothers and sisters, and there's 10 of us in total with my parents." With all those kids using the Internet for school and other needs, "it just doesn't work out," he said. Herman was particularly frustrated with Comcast upload speeds, which are much slower than the cable service's download speeds. "Many times we would have to call Comcast and let them know our bandwidth was slowing down... then they would say, 'OK, we'll refresh the system.' So then it would work again for a week to two weeks, and then again we'd have the same issues," he said. Herman, now 25, got married in 2021 and started building his own house, and he tried to find another ISP to serve the property. He was familiar with local Internet service providers because he worked in construction for his father's company, which contracts with ISPs to build their networks. But no fiber ISP was looking to compete directly against Comcast where he lived, though Metronet and 123NET offer fiber elsewhere in the city, Herman said. He ended up paying Comcast $120 a month for gigabit download service with slower upload speeds. Baciu, who lives about a mile away from Herman, was also stuck with Comcast and was paying about the same amount for gigabit download speeds.

Herman said he was the chief operating officer of his father's construction company and that he shifted the business "from doing just directional drilling to be a turnkey contractor for ISPs." Baciu, Herman's brother-in-law (having married Herman's oldest sister), was the chief construction officer. Fueled by their knowledge of the business and their dislike of Comcast, they founded a fiber ISP called Prime-One. Now, Herman is paying $80 a month to his own company for symmetrical gigabit service. Prime-One also offers 500Mbps for $75, 2Gbps for $95, and 5Gbps for $110. The first 30 days are free, and all plans have unlimited data and no contracts. "We are 100 percent fiber optic," Baciu told Ars. "Everything that we're doing is all underground. We're not doing aerial because we really want to protect the infrastructure and make sure we're having a reliable connection." Each customer's Optical Network Terminal (ONT) and other equipment is included in the service plan. Prime-One provides a modem and the ONT, plus a Wi-Fi router if the customer prefers not to use their own router. They don't charge equipment or installation fees, Herman and Baciu said.

Prime-One began serving customers in January 2025, and Baciu said the network has been built to about 1,500 homes in Saline with about 75 miles of fiber installed. Prime-One intends to serve nearby towns as well, with the founders saying the plan is to serve 4,000 homes with the initial build and then expand further. [...] A bit more than 100 residents have bought service so far, they said. Herman said the company is looking to sign up about 30 percent of the homes in its network area to make a profit. "I feel fairly confident," Herman said, noting the number of customers who signed up with the initial construction not even halfway finished.

Cognition AI, an artificial intelligence startup that offers a software coding assistant, said on Monday that it had bought rival Windsurf as part of an escalating battle to lead in the technology. From a report: The move follows a $2.4 billion deal by Google to acquire some of Windsurf's top executives and license the start-up's technology, which was revealed on Friday.

Google's deal appeared to leave Windsurf in a difficult position as a stand-alone start-up. OpenAI, the maker of the ChatGPT chatbot, had also been in talks to buy Windsurf before the Google deal. "We've long admired the Windsurf team and what they've built," said Scott Wu, a co-founder of Cognition, in an email to employees viewed by The New York Times. "Within our lifetime, engineers will go from bricklayers to architects, focusing on the creativity of designing systems rather than the manual labor of putting them together."

Mark Zuckerberg said on Monday that Meta would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology that he has chased with a talent war for top AI engineers. From a report: The social media giant is among the large technology companies that have chased high-profile deals and doled out multi-million-dollar pay packages in recent months to fast-track work on machines that can outthink humans on most tasks.

Unveiling the spending commitment in a Threads post on Monday, CEO Zuckerberg touted the strength in the company's core advertising business to support the massive spending that has raised concerns among tech investors about potential payoffs. "We have the capital from our business to do this," Zuckerberg said. He also cited a report from a chip industry publication Semianalysis that said Meta is on track to be the first lab to bring online a 1-gigawatt-plus supercluster, which refers to a massive data center built to train advanced AI models.

VPN provider BulletVPN has shut down its servers with immediate effect, leaving subscribers without service regardless of their subscription terms. The company announced the closure on its website, citing "shifts in market demand, evolving technology requirements, and sustainability of operations."

Users with active subscriptions can receive a free six-month subscription to competitor Windscribe, "along with discounted long-term plans." Windscribe clarified it has not acquired BulletVPN or assumed control of its operations, and no user data including email addresses or account information was shared between the companies.

Can carbon-reducing projects "offset" a company's emissions? "The reality has been less encouraging," according to a Science magazine editorial by Cary Coglianese, a law/political science professor at University of Pennsylvania, and Cynthia Giles, a former senior advisor at the U.S. Environmental Protection Agency. In a new paper published Wednesday, they found that more than half of all currently-certified carbon auditors signed off on projects later found to be "overclaiming" carbon benefits.

Their conclusion? "Criticism should be directed not at individual auditors as much as the structure of the system that fosters these outcomes." Most carbon offset projects that have been closely scrutinized — including projects for forest protection, renewable energy, and methane-reducing methods of rice cultivation — have greatly exaggerated their climate benefits. More than 80% of issued credits might not reflect real emission reductions. This has alarmed potential offset purchasers and stalled carbon offset markets.

Efforts to resuscitate the beleaguered offset market tout third-party auditing as "essential" to ensuring credit integrity. That reliance is misplaced... [E]xtensive research from many contexts shows that auditors selected and paid by audited organizations often produce results skewed toward those entities' interests. A field experiment in India, for example, found that air and water pollution auditors who were randomly assigned and paid from a central fund reported emissions at levels 50 to 70% higher than auditors selected and paid by audited firms. Auditors — like all people — are subject to a well-established and largely unconscious cognitive phenomenon of self-serving bias, causing them to interpret evidence in favor of their clients...

[A]uditors have been required all along and have failed to prevent substantial credit overclaiming. It is rarely acknowledged that all of the credit overclaiming projects that have stirred so much controversy were ratified by third-party auditors under the same auditor selection and payment system that offset advocates rely on today... Auditors are unlikely to stay in business if they disapprove credits at the high rates that research suggests would be appropriate today...

Given the high planetary stakes in carbon policy choices being made now, it is past time to recognize that third-party auditors selected and paid by the audited organizations are not the bulwark for credit integrity they are claimed to be.

At an Amazon warehouse that employs 3,700 people, hundreds of workers recently lost their job, reports the New York Times.

"They are among thousands of foreign workers across the country who have been swept up in a quiet purge, pushed out of jobs in places where their labor was in high demand and at times won high praise." While raids to nab workers in the country without legal permission in fields and Home Depot parking lots have grabbed attention, the job dismissals at the Amazon warehouse are part of the Trump administration's effort to thin the ranks of immigrants who had legal authorization to work... Such dismissals are happening at many of Amazon's more than 1,000 facilities around the country, including in Massachusetts and the warehouse in Staten Island that fills orders for millions of New Yorkers. At one fulfillment center in Florida, hundreds were let go, a person familiar with the site said... "We're supporting employees impacted by the government's recent changes in immigration policy," Richard Rocha, an Amazon spokesperson, said in a statement. The company has pointed workers to various resources, including outside free or low-cost legal services...

The dismissals came with remarkable speed. On May 30, the Supreme Court granted temporary approval for the Trump administration to revoke a program known as "humanitarian parole," which had allowed more than 500,000 migrants feeling political turmoil in Cuba, Haiti, Nicaragua and Venezuela to quickly get work permits if they had a fiscal sponsor... On June 12, the Department of Homeland Security said it had begun notifying enrollees that the program was ending, saying the immigrants had been poorly vetted and undercut American workers...

On June 22, Amazon told managers around the country in an email, which was obtained by The New York Times, that it had "received the first list from D.H.S. identifying impacted Amazon employees" from the parole program, as well as "some employees outside of this specific program whose work authorization is similarly affected." Amazon let the managers know that the next day, the affected workers would receive push notifications in the employee app about the change. Unless the workers could provide alternate work authorization documents in the next five days, they would be suspended without pay and ultimately dismissed.

HGP Storage is a (real) Texas company providing distributed battery-based, utility-scale energy storage systems. Founded in 2013, it has "successfully developed over 20+ sites and closed over 200 MW of distributed energy projects," according to its web site.

And they just teamed up with Enron, reports the Houston Chronicle: The company that took over the defunct Enron brand, led by a "Birds Aren't Real" cofounder [28-year-old Connor Gaydos], held a mostly satirical quarterly earnings call Thursday afternoon but gave updates to an application to become a legitimate Texas energy provider... DJ Withee, chief operating officer and legal counsel at HGP Storage, a company developing utility-scale battery storage farms, was introduced as Enron's vice president of energy service. Withee said he was brought on by Gaydos to set up the customer-facing energy services business.

Enron Energy Texas LLC, a subsidiary of Enron, filed to become a Texas retail electric provider in January. Gaining this designation would allow Enron to sell electricity plans to Texas consumers. "Our business model is actually going to be very simple," Withee said. "We buy wholesale electricity, just like everybody else, but because of our efficiency, because of our use of technology, we are going to have lower costs than our competitors. Lower costs means greater savings that we can pass back to our customers...." According to Withee, Enron's goal is to provide energy at a competitive lower cost that will not only make energy more accessible but also push other Texas retail companies to drop their own prices...

Enron's filing in January included sworn and notarized affidavits from a man named Gregory Forero, who was identified in the documents as vice president of Enron Texas Energy LLC. Forero is the founder and CEO of HGP Storage.
"Forero, who signed his name to three sworn affidavits attesting to the accuracy of the application, could risk perjury charges if the statements of intention to start a legitimate retail electric company are found to be false, according to the Texas Penal Code..."

But does this replace Enron's plan to sell egg-shaped home nuclear reactors?