Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis — Mercor hit over $2 billion in gross revenue run rate in June, double its pace in April, according to a person with direct knowledge of the company's financials.
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Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill — Add CBS News on Google — Illinois Gov. JB Pritzker on Monday signed legislation aimed at holding artificial intelligence companies accountable.
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Nintendo plans to stop selling the original Switch, Lite, and OLED in Europe from mid-February 2027 and update the Switch 2 to comply with new EU battery rules — The decision comes alongside an update to the Switch 2 to coincide with European battery regulations.
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Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices — Quick Take — Strategy has sold 3,588 BTC for approximately $216 million, reducing its total holdings to 843,775 BTC.
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Memo: Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most layoffs are in Xbox, where ~20% of jobs are set to be cut by the end of FY 2027 — Most of the job losses are in Microsoft's Xbox and commercial sales organizations. … A year after cutting around 9,100 employees …
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