Tech
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Microsoft to Cut 9,000 Employees in Latest Round of Layoffs
Wednesday’s cuts come after the Xbox tech giant laid off another 6,000 employees in May
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Senate Eliminates AI Regulation Ban From ‘Big, Beautiful Bill’
The Senate voted 99-1 to remove the provision backed by OpenAI CEO Sam Altman
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Controversial AI Provision in Trump’s ‘Big Beautiful Bill’ Reduces State Regulation Ban to 5 Years
The proposal to ban states’ ability to regulate AI was previously set to last 10 years
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Canada Ditches Tech Tax After Trump Threat
Canadian Prime Minister Mark Carney scrapped a digital services tax that aimed to bring in $3 billion from companies like Amazon and Meta after President Trump called it a “blatant attack”
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AI Companies Can Use Copyrighted Books to Train Language Models, Judge Rules in Anthropic Case
Anthropic’s Claude AI model gave users answers that were “exceedingly transformative” and did not violate fair-use law, a California judge rules
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Why Apple Must Buy Perplexity
A bonafide AI partner in a moment of need. It’s time for Tim Cook to make Apple’s biggest acquisition in history.
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Tech
Available to WrapPRO members
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YouTube Videos Are Being Used to Train Google’s AI ‘Responsibly,’ Tech Giant Says
Creators on the Google-owned platform cannot opt out of having their content be used to train artificial intelligence models like Gemini and Veo 3
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Trump Extends TikTok Ban Deadline for 90 More Days
The president signed an executive order giving ByteDance until Sept. 17 to sell its U.S. operation
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Amazon CEO Tells Staffers to Expect AI-Related Layoffs: ‘It Should Change the Way Our Work Is Done’
“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Andy Jassy says in a Tuesday memo
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YouTube Debuts Open Call Tool to Connect Ad Campaigns With Multiple Creators at Once
The news was announced at Cannes Lions 2025
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Apple’s $20 Billion Ticking Time Bomb
If Google’s payments go away, Apple’s services business could take a massive hit.
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Tech
Available to WrapPRO members
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New York Becomes First State to Require Employers Disclose When Layoffs Are Due to AI
Bosses in the Empire State must now report if mass layoffs of 50 or more workers are due to AI or another form of technology
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Meta Invests $14.3 Billion in Scale AI as Zuckerberg Builds New Artificial Intelligence Team
Scale CEO and co-founder Alexandr Wang will lead Meta’s new “Superintelligence” division following the deal
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OpenAI and Mattel Strike Deal to Develop AI-Powered Toys
The company behind Barbie and Hot Wheels will use tools like ChatGPT to develop products and new ideas
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Hollywood Studios’ First Lawsuit on AI Sends a Warning to Tech Giants: ‘Piracy Is Piracy’
Disney and Universal’s copyright lawsuit against Midjourney could set the stage for Hollywood’s relationship with the new tech
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Tech
Available to WrapPRO members