Microsoft is initiating a significant contraction within its Xbox division, confirming plans to eliminate 3,200 positions as part of a broader business restructuring. Chief Executive Asha Sharma disclosed that 1,600 employees will depart this week, with another 1,250 expected to exit throughout the fiscal year. The company is also divesting or spinning off four development studios, a move affecting at least 350 additional staff members.
Infrastructure development remains a bright spot for the sector. TeraWulf announced a partnership with Anthropic to construct an artificial-intelligence campus in Kentucky. The project aims to bring 400 megawatts of computing power online by 2028, with projections suggesting potential revenue reaching $19 billion. Elsewhere, Ceva shares jumped following the announcement of a new AI licensing agreement with a major U.S. software firm.
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