Microsoft Cuts 9,000 Jobs, Xbox Hit Hard to Focus on AI

Microsoft announced a 4% workforce reduction, cutting ~9,000 jobs, including Xbox and sales teams, to streamline operations and prioritize AI development; Xbox cancels projects and closes studios like King and Turn 10, while 2025 Q3 revenue grew 15% to $647B.

Tesla Faces Second Year of Sales Decline, Energy Storage Shines

Tesla delivered 384,122 vehicles in Q2 2025, meeting expectations but showing weak growth; June sales in China broke an 8-month decline; Musk’s controversies and competition weigh, but energy storage revenue topped $10B in 2024 with 31.4GWh deployed.

OpenAI Denies Robinhood’s “Equity Tokens,” Musk Slams Structure

OpenAI clarified Robinhood’s “OpenAI tokens” are not equity and lack approval; Robinhood markets them as retail investment tools; Musk, suing OpenAI, calls its equity “fake” and criticizes its shift from nonprofit roots.

ByteDance’s Robot Production Hits 1,000+, Eyes Embodied AI

ByteDance’s wheeled logistics robots surpassed 1,000 units, serving Douyin e-commerce and clients like SF Express; GR-2 model excels in chaotic object grasping; team expanded to 150, aiming for embodied intelligence.

Isomorphic Labs Secures $600M for AI Drug Discovery

Nobel laureate-led Isomorphic Labs raised $600M, led by Thrive Capital, to advance AI drug design; partnerships with Lilly and Novartis total nearly $3B, accelerating drug pipeline development.

Dizal’s Lung Cancer Drug Wins FDA Fast-Track Approval

Dizal’s ZEGFROVY, a lung cancer drug for EGFR mutations, gained FDA accelerated approval, the only oral therapy for this mutation; previously approved in China in 2023, with a market cap of $38.1B at $8.30 per share.

MiniMax Open-Sources M1 Model, Rivals Google’s Gemini

MiniMax launched M1, the world’s second-ranked open-source inference model, supporting 1M token inputs at a $535K training cost; its Hailuo AI video app tops global charts.

U.S. Lifts EDA and Ethane Export Bans to China

The U.S. canceled restrictions on EDA software and ethane exports to China; Siemens and Synopsys resume sales; China’s Commerce Ministry urges mutual cooperation for stable trade ties.

Honor Magic V5 Integrates Alibaba’s AI Agents

Honor’s Magic V5 embeds Alibaba’s Tongyi Qianwen-powered Gaode and Fliggy agents for smart travel and document Q&A; Alibaba’s first smartphone AI agent integration enhances user experience.

Neta Auto Faces Bankruptcy, WeChat HarmonyOS Upgrades

Neta Auto’s parent enters bankruptcy restructuring, seeking investors with 46M+ vehicles sold; WeChat HarmonyOS adds 9 features, with 7M+ installs, aiming to surpass iOS experience.

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