tech

Rani Molla6/11/25

Snap spikes after becoming the latest tech company to announce AI glasses

Snap is trading higher today after the company announced yesterday it would be debuting new AI-powered smart glasses next year.

“The tiny smartphone limited our imagination,” Snap CEO Evan Spiegel told the audience at Augmented World Expo 2025 yesterday. “It forced us to look down at a screen instead of up at the world.”

For Snap, this is only the latest iteration of its line of smart glasses introduced in 2016, called Spectacles, which heretofore has mostly been a flop. The next generation, now abbreviated to Specs, “are uniquely positioned to understand the world through advanced machine learning [and] bring AI assistance into three-dimensional space,” the company says.

Snap, however, is joining pretty much every major tech company in telling us that AI-powered smart devices that aren’t phones are the future. As we’ve noted, those devices still need phones to work, and just because Silicon Valley happens to be pumped about face computers doesn’t mean people will buy them.

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Rani Molla6/12/26

Report: Microsoft weighs Xbox spin-off amid major overhaul

Microsoft is reportedly considering spinning out or restructuring its struggling Xbox unit, per The Information. While new Xbox CEO Asha Sharma, who took over in February, is preparing for layoffs, she’s simultaneously planning to boost investment in its biggest franchises like “Halo,” “Fallout,” and “Minecraft.”

The latest potential shake-up comes as the gaming division battles major headwinds, following a massive 33% plunge in Q3 console sales and a recent move to slash Game Pass prices while removing new “Call of Duty” titles.

Microsoft Has Considered Spinning Out Xbox, Plans New ‘Halo,’ ‘Fallout’ Games

Microsoft Has Considered Spinning Out Xbox, Plans New ‘Halo,’ ‘Fallout’ Games

The latest potential shake-up comes as the gaming division battles major headwinds, following a massive 33% plunge in Q3 console sales and a recent move to slash Game Pass prices while removing new “Call of Duty” titles.

AI was the top reason cited for US job cuts for the third straight month in May

Employers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023.

robot carrying sacked mid adult businessman

mythos robots

Anthropic’s Mythos gets tired, hates bad users, and wants to be thanked

Reminder: these models are not people, they don’t think, and when you close the tab, the model isn’t pondering your last interaction.

Jon Keegan6/11/26

Alphabet’s Waymo is getting into the subscription — and Uber’s — business

Waymo is hoping its new membership tier will lock in customers and get them to spend more.

Waymo bridge near Embarcadero

Oracle Stock's Rises Sharply After Reporting Ultra High Demand For Cloud Computing Services

Oracle is trying really hard to convince investors it won’t have a debt problem

It’s coming up with new metrics to allay fears about its ballooning capex and debt load.

Rani Molla6/11/26

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