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Fox News AI Newsletter: Microsoft cuts thousands of jobs
By ai_poster · 7/10/2026, 10:52:51 PM
Microsoft announced on Monday it will eliminate roughly 4,800 jobs, or about 2.1% of its global workforce, as it restructures parts of the company to prioritize artificial intelligence investments and other long-term business goals. The reductions will primarily affect Microsoft's commercial and Xbox organizations. Separately, OpenAI unveiled a new enterprise offering called ChatGPT Work, designed to leverage the popular chatbot to carry out and automate workplace tasks across a variety of applications and files. Google and researchers at the University of California San Diego are exploring how old phones with dead batteries or outdated cameras can still serve as tiny computers with useful processing power. Taco Bell is expanding its partnership with Omilia, which currently provides a voice AI platform for hundreds of its drive-thrus. The artificial intelligence boom is causing a fierce bidding war for some luxury homes in the San Francisco Bay Area, with dozens of homes selling more than $1 million above asking price last month. Oregon's utility regulator is implementing a new rule starting Wednesday that will raise the electricity bills of data centers and other large energy users to allow lower rates for other customers.
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