Saturday, August 3, 2024

A look at Bungie's future after it laid off 220 staffers, as current and former employees say it grew too fast and tried to develop too many projects at once (Jason Schreier/Bloomberg)

Jason Schreier / Bloomberg:
A look at Bungie's future after it laid off 220 staffers, as current and former employees say it grew too fast and tried to develop too many projects at once  —  The creator of Halo and Destiny laid off more than 200 people this week including several top executives  —  Hi everyone.



Filings: Warren Buffett's Berkshire Hathaway slashed its stake in Apple by ~50% in Q2, following a 13% cut in Q1, leaving it with a position worth $84.2B (Eric Platt/Financial Times)

Eric Platt / Financial Times:
Filings: Warren Buffett's Berkshire Hathaway slashed its stake in Apple by ~50% in Q2, following a 13% cut in Q1, leaving it with a position worth $84.2B  —  Cash holdings hit a record high as billionaire investor dumps $76bn of stocks  —  Warren Buffett's Berkshire Hathaway has slashed …



Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes (Financial Times)

Financial Times:
Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes  —  Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence



How AI-formulated bioweapons became a security obsession inside Washington, DC, forcing officials to take tech advances in weaponizing disease seriously (Riley Griffin/Bloomberg)

Riley Griffin / Bloomberg:
How AI-formulated bioweapons became a security obsession inside Washington, DC, forcing officials to take tech advances in weaponizing disease seriously  —  A stunt got White House officials to take technological advances in weaponizing disease seriously.  —  Rocco Casagrande entered …



Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid western sanctions after its Ukraine invasion (Financial Times)

Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...