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Microsoft is cutting forty-eight hundred jobs in what the company is calling a significant restructure, with sixteen hundred of those losses falling inside the Xbox division. The move represents roughly two point one percent of Microsoft's total workforce, and signals a meaningful pull-back from gaming ambitions the company spent billions building.
Turning to crypto, Strategy — the firm formerly known as MicroStrategy — has had a turbulent month with bitcoin. What began with modest sales shifted to purchases of several thousand coins, and has now ended with the unloading of thousands more. The whiplash raises real questions about whether Michael Saylor's all-in bitcoin philosophy can hold under sustained market pressure.
And in the AI-meets-energy economy, bitcoin mining company TeraWulf has signed a twenty-year lease with Anthropic worth a projected nineteen billion dollars in revenue. The deal sent bitcoin mining stocks surging, and it's a striking reminder that the infrastructure powering artificial intelligence is increasingly being built on the bones of the crypto industry.
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