WS #11551
Microsoft cuts 4,800 jobs (2% of workforce), including major cuts to Xbox gaming division, as part of restructuring to focus on AI. Anthropic signs a 20-year lease with TeraWulf for AI compute, signaling strong demand for AI infrastructure and bullish for WULF and AI compute providers. Bloomberg reports Broadcom and Apple extended their chips partnership to 2031, a bullish signal for both companies and the semiconductor supply chain. A draft Treasury report warns of AI market risks, likening it to the dotcom bubble, a bearish counter-signal to AI capex enthusiasm.
Microsoft Announces 4,800 Job Cuts
Microsoft cuts 4,800 jobs (2% of workforce), including major cuts to Xbox gaming division, as part of restructuring to focus on AI.
Anthropic signs a 20-year lease with TeraWulf for AI compute, signaling strong demand for AI infrastructure and bullish for WULF and AI compute providers.
Bloomberg reports Broadcom and Apple extended their chips partnership to 2031, a bullish signal for both companies and the semiconductor supply chain.
A draft Treasury report warns of AI market risks, likening it to the dotcom bubble, a bearish counter-signal to AI capex enthusiasm.