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AI & Enterprise
Microsoft cuts 4,800 jobs, scales back Xbox unit and splits off four game studios
Microsoft is cutting 4,800 jobs and reducing staffing at its Xbox division by about 20 percent, CNBC reported on Sunday. The layoffs amount to 2.1 percent of the company’s workforce, and Microsoft said the restructuring is aimed at reducing costs during the transition to AI. Xbox CEO Asha Sharma told employees the unit plans to cut 3,200 roles by fiscal 2027. Microsoft will also separate four game studios.
Telecommunications & Media
SKT, KAIST develop AI video compositing technology InsertAnywhere
SK Telecom and KAIST have jointly developed an AI video compositing technology called InsertAnywhere that can naturally insert products, props, characters or brand logos into existing footage. The system analyses 3D space and motion over time, including lighting, reflections and shadows, to blend images into a scene. SKT says it can cut tasks that took days to weeks down to hours and has automated more than 90 percent of the process. The technology was developed for SKT’s virtual PPL solution AdFlux, and the related paper was accepted to ECCV 2026.
Industry
Samsung Electro-Mechanics to set up glass substrate JV with Japan\'s Sumitomo
Samsung Electro-Mechanics is moving to secure an early foothold in the glass substrate market for next-generation semiconductor packaging materials. The company said it signed a definitive agreement on July 2 to establish a joint venture with Dongwoo Fine-Chem, a wholly owned unit of Japan\'s Sumitomo Chemical Group, to produce the core glass substrate material known as glass core. The new venture, named GlaSSEM, will be based in Pyeongtaek, South Korea.
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Crypto
XRP Ledger Ethereum sidechain signals major upgrade; what changes
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AI & Enterprise
Choosing an AI chatbot depends on the job, not just ChatGPT
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AI & Enterprise
AI era puts focus on shift-left security to find and fix vulnerabilities during development
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Crypto
BIS warns of overheated $1 trillion AI investment, with bitcoin also in initial shock zone
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Industry
Applied Materials expands packaging equipment lineup to boost HBM, chiplet yields
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AI & Enterprise
Science ministry, KISA launch 7 programmes to strengthen SME security basics
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Games & Commerce
PS5 DualSense Edge buttons require more force than Switch 2 Pro controller - test
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Games & Commerce
Naver rebounds in search after AI push as YouTube gains in news consumption
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Telecommunications & Media
Mousepad with 16 hidden touch buttons integrates shortcuts and macros
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AI & Enterprise
NC AI unveils VARCO 3D 2.0 3D generative AI, to roll out in July
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Finance
Leveraged ETF overheating and SpaceX row put investment industry on edge
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AI & Enterprise
Conditions for integrated AI security platform: Block three control points
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AI & Enterprise
AI factor hits hiring market as ChatGPT recommendations shape applications
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Telecommunications & Media
Missing cable TV policy timing could trigger second JTBC crisis
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Industry
LG Energy Solution first global battery maker to top 100,000 patent applications