Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years (Reuters)

Reuters:
Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years  —  Indian outsourcing giant Tata Consultancy Services' (TCS.NS) decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend …

OpenStore is scaling back its e-commerce aggregation efforts, closing nearly all of its 40+ Shopify stores and rebranding under its Jack Archer menswear label (Annie Palmer/CNBC)

Annie Palmer / CNBC:
OpenStore is scaling back its e-commerce aggregation efforts, closing nearly all of its 40+ Shopify stores and rebranding under its Jack Archer menswear label  —  When venture capitalist Keith Rabois got into e-commerce, he couldn't stop buying brands.  Now, everything must go.

Sources: SoftBank purchased Foxconn's EV plant in Ohio for $375M, a move aimed at kickstarting its $500B Stargate data center project with OpenAI and Oracle (Bloomberg)

Bloomberg:
Sources: SoftBank purchased Foxconn's EV plant in Ohio for $375M, a move aimed at kickstarting its $500B Stargate data center project with OpenAI and Oracle  —  SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group's electric vehicle plant in Ohio …

Apple says Apple Intelligence will use OpenAI's GPT-5 on iOS 26, iPadOS 26, and macOS Tahoe 26, with the system updates expected to arrive in September (Zac Hall/9to5Mac)

Zac Hall / 9to5Mac:
Apple says Apple Intelligence will use OpenAI's GPT-5 on iOS 26, iPadOS 26, and macOS Tahoe 26, with the system updates expected to arrive in September  —  Earlier today, OpenAI announced GPT-5, its latest model to power ChatGPT.  The new frontier model is a significant leap forward in a lot of areas.

A look at the impact of AI voice cloning on India's dubbing and voiceover sector, as artists demand consent, credit, and fair pay amid a lack of laws for AI use (Zico Ghosh/The Hollywood Reporter)

Zico Ghosh / The Hollywood Reporter:
A look at the impact of AI voice cloning on India's dubbing and voiceover sector, as artists demand consent, credit, and fair pay amid a lack of laws for AI use  —  As AI voice cloning in films becomes a reality, India's dubbing artists are demanding consent, credit and fair pay …

Sony reports Q1 revenue up 2.2% YoY to $17.8B, net profit up 23% YoY to ~$1.8B, PS5 sales at 2.5M, up from 2.4M in Q1 2024, and expects a lower FY tariff impact (Kosaku Narioka/Wall Street Journal)

Kosaku Narioka / Wall Street Journal:
Sony reports Q1 revenue up 2.2% YoY to $17.8B, net profit up 23% YoY to ~$1.8B, PS5 sales at 2.5M, up from 2.4M in Q1 2024, and expects a lower FY tariff impact  —  The company expects uncertainty over the economy to increase due to U.S. tariffs  —  Sony Group reported higher quarterly net profit …

Amazon plans to make OpenAI's new gpt-oss open-weight models available on Bedrock and SageMaker, the first time it has offered OpenAI's models to customers (Bloomberg)

Bloomberg:
Amazon plans to make OpenAI's new gpt-oss open-weight models available on Bedrock and SageMaker, the first time it has offered OpenAI's models to customers  —  Takeaways by Bloomberg AI  —  Hide … Tell us how AI is shaping your news experience.  Share your feedback

Israeli quantum computing startup QuamCore raised a $26M Series A led by Sentinel, taking its total funding to $35M, and plans to move into chip fabrication (Globes)

Globes:
Israeli quantum computing startup QuamCore raised a $26M Series A led by Sentinel, taking its total funding to $35M, and plans to move into chip fabrication  —  The company has developed a fully designed and simulated architecture capable of scaling to 1 million qubits in a single cryostat.

Filings: SoftBank increased its Nvidia stake to ~$3B in Q1 and bought $330M worth of TSMC stock; a source says Vision Fund monetized ~$2B of assets in H1 2025 (Min Jeong Lee/Bloomberg)

Min Jeong Lee / Bloomberg:
Filings: SoftBank increased its Nvidia stake to ~$3B in Q1 and bought $330M worth of TSMC stock; a source says Vision Fund monetized ~$2B of assets in H1 2025  —  Takeaways by Bloomberg AI  —  Hide … Tell us how AI is shaping your news experience.  Share your feedback

How 20-something CEOs like Cognition AI's Scott Wu, Cursor's Michael Truell, Cluely's Roy Lee, and Scale AI's Alexandr Wang are swarming San Francisco's AI boom (Natallie Rocha/New York Times)

Natallie Rocha / New York Times:
How 20-something CEOs like Cognition AI's Scott Wu, Cursor's Michael Truell, Cluely's Roy Lee, and Scale AI's Alexandr Wang are swarming San Francisco's AI boom  —  Some dropped out of M.I.T., Georgetown and Stanford.  Others decided not to go to college.  They all say they could not afford …

Google, OpenAI, Meta, and VCs are increasingly embracing the US military industrial complex, a major Silicon Valley cultural shift supported by President Trump (Sheera Frenkel/New York Times)

Sheera Frenkel / New York Times:
Google, OpenAI, Meta, and VCs are increasingly embracing the US military industrial complex, a major Silicon Valley cultural shift supported by President Trump  —  In a major shift, Google, OpenAI, Meta and venture capitalists — many of whom had once forsworn involvement in war — have embraced the military industrial complex.

SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg:
SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round  —  SAP SE, Europe's most valuable company, will buy San Francisco-based human resources software specialist SmartRecruiters.

Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue (Kieran Smith/Financial Times)

Kieran Smith / Financial Times:
Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue  —  UK-based cyber security group steps up investment plans following takeover by US private equity firm Thoma Bravo

A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble (Emily Baker-White/Forbes)

Emily Baker-White / Forbes:
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble  —  Before he helped run Truth Social, Chris Pavlovski owned porn domains.  Now, he's allied with a political movement that wants to ban pornography.

How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows (Anne VanderMey/Bloomberg)

Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows  —  Podcasts hosted by venture capitalists set the narrative in tech, changing the way that insiders—and everyone else—learn about the world of startups.