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Microsoft is entering its new fiscal year with a difficult announcement — roughly four thousand eight hundred employees are being let go, about two point one percent of the company's total workforce. The cuts fall heaviest on commercial sales and the Xbox division, and come just a year after the company trimmed more than nine thousand positions.
Meanwhile, in the AI geopolitical space, Alibaba has banned its employees from using Anthropic's Claude Code, effective July tenth, two thousand twenty six, classifying it as a high-security risk. Workers are being directed to use Alibaba's own internal tool, Qoder, instead. The move comes as Anthropic accused Alibaba of using Claude to distill competing AI models — a serious allegation that sharpens the already tense rivalry between American and Chinese AI development.
And in decentralized finance, the protocol Summer dot fi has paused its Lazy Summer vaults after an exploit drained roughly six million dollars from the platform. The fallout hit the protocol's SUMR token hard, which dropped more than eighteen percent following the news — a reminder that smart contract risk remains very much a live issue in the DeFi space.
Keep surfing. Tech Beat out.
