The company will sell 17.79 million new shares in the depository receipt listing on the Nasdaq. Ten ADRs will represent one common share and the stock will be sold in a price range that is due to be revealed on Monday, based on SK Hynix’s Seoul trading price. SK Hynix’s share price was down 4% at 2,327,000 won each on Monday, but the stock is up about 273% this year, as it rides surging global investor demand for AI stocks. Korea’s KOSPI was down 2.2% on Monday. […]

SK Hynix has been among the world’s largest beneficiaries of the AI boom as it outperformed its major rivals Samsung and Micron. “This is more than a liquidity event,” said Dave Mazza, the chief executive officer of Roundhill Investments in New York, which manages an exchange-traded fund tracking DRAM manufacturers, which is one of the most popular ways for U.S. investors to trade SK Hynix’s stock. “SK Hynix has been one of the most important companies in the world that most U.S. institutions could not easily own.” “The listing removes an accessibility discount, not a quality discount.”

[…] SK Hynix said the proceeds from the listing of the American Depositary Receipts will be used to build chip factories in South Korea and buy chipmaking equipment including an extreme ultraviolet scanner made by Dutch equipment maker ASML. The final price of the New York listing is due to be set on Thursday, ahead of the stock starting trade on Friday, regulatory filings showed. The company’s management will meet global investors on a roadshow this week. The deal is expected to be the second-biggest share sale after a record $85.7 billion initial public offering by SpaceX last month, surpassing Saudi Aramco’s $25.6 billion IPO in 2019 and Alibaba’s similar-sized offering in 2014.

[T]he roots of the case are the 1998 alliance between IBM and a company called the Santa Cruz Operation which sold a version of UNIX for x86 CPUs. Those two companies, plus Intel and Sequent, created “Project Monterey” — an effort to create a unified version of UNIX that could run on multiple processors. By 2001, Project Monterey was close to delivering a unified UNIX, an achievement made possible by blending code from IBM and SCO.

By then, a little project called “Linux” already ran on multiple processors. Big Blue decided Linux was the future and bailed from Project Monterey — then allegedly contributed some Monterey code to the open-source project and to its own AIX and Z operating systems. SCO felt it owned some of that code, so sued IBM.

SCO and its successors struggled to survive, but interested parties kept the lawsuit alive because the chance to emerge as owner of parts of the Linux codebase, and IBM’s code, had the potential to turn into a colossal payday. The case and its successors ended in 2021, with a settlement that saw litigants agree to end the matter without IBM admitting fault. But by then, SCO had sold its software to a biz called Xinuos that decided to fight on.

The Xinuos case has burbled along quietly since, and on June 22nd reached the milestone of a hearing. The matter has become a little more modern, if only because this hearing was held online and the presiding judge appeared to unwittingly be on mute at one point. But the arguments otherwise seemed to revisit Project Monterey, debated the relevance of past litigation, contested who owned what, when they owned it, and how they could prove it. Xinuos argued IBM never had a license for SCO code. Big Blue argued that it did nothing wrong.

Anthropic quickly removed a tracker secretly monitoring Claude Code users in China after a security researcher exposed the hidden code and condemned the spyware-like tracking as a “serious breach of user trust.” Last week, a web developer known as “Thereallo” was researching privacy issues in Claude Code and was shocked to find that the AI firm was using “prompt steganography” to hide code that tracks Chinese users “in plain sight.” This code wasn’t malicious, but it was sending information to Anthropic that most users wouldn’t detect, relying on shorthand markers to quietly flag users’ timezone, proxy, and potential connection to Chinese AI labs that Anthropic has accused of distillation attacks.

On X, Anthropic engineer Thariq Shihipar confirmed that the tracker was added to Claude Code as an “experiment” in March. According to Shihipar, the code “was meant to prevent account abuse from unauthorized resellers and protect against distillation.” Regarding the former, The Washington Post found unauthorized retailers have sold access to free models for $1 a month, and pro subscriptions that can cost $100 monthly sell for “as little as $12.” Supposedly, Anthropic has “actually been meaning to take this down for a while,” Shihipar said of the hidden code, because engineers have “landed stronger mitigations since then.”

Privacy advocates were not happy with the explanation, though, warning that the code is evidence that Anthropic is willing to cross lines to surveil users. That’s perhaps especially surprising, considering that Anthropic riled the Trump administration by refusing to allow the US government to use Claude to surveil US users. The AI firm has since sued the White House over the clash. The Post suggested that the tracker incident is a sign that US firms like Anthropic are taking “increasingly aggressive measures” to block Chinese AI firms from copying their models. A more defensive stance has apparently become critical. In the past year, Chinese firms have “consistently matched” US firms’ model capabilities “within months,” the Post reported. Most recently, “a new, free AI model from Chinese company Zhipu AI was better at finding computer vulnerabilities than Anthropic’s Claude Opus 4.8 model, which was released in May,” the Post reported.

Coleman stressed that the roles being eliminated today “are not being replaced by AI,” but noted, “what is true is that AI is changing how work gets done.” “Some of the tasks we do every day can now be automated, and that means we all need to keep learning, keep building new skills, and keep adapting as the work evolves,” Coleman wrote. […] Speaking about the Xbox layoffs, Coleman said little: “We are restructuring to position the business for long-term success. Engineering teams across the company will also evolve their structure and priorities to meet customer needs and innovate for the future.”

Of today’s 4,800 layoffs at Microsoft, 1,600 will hit Xbox, with about 3,200 cuts in total expected through fiscal year 2027, according to Asha Sharma, CEO of Xbox. In an email she sent to employees on Monday, Sharma called this “the most significant restructure in Xbox history.” “Our business today is not healthy,” Sharma wrote. “We are operating at margins that are 3-10x lower than comparable platform and publishing businesses.” She added that Xbox made bets like its monthly subscription service Game Pass, alongside moves to grow its portfolio of content and invest in multi-platform, among other attempts to breathe life into the business. None of those strategies grew at the expected pace, leading to the core business weakening even as Xbox added more teams and investment. “And now the industry is facing the most severe hardware crisis in its history,” Sharma said. “We must reset Xbox.”

As part of the shift, Microsoft will transition four of its gaming studios to operate under new management, ensuring preservation of intellectual property and ongoing projects. Specifically Compulsion Games and Double Fine Productions will return to independent studios, according to Sharma. Ninja Theory and Undead Labs are coming under new ownership with funding to complete and grow some of their more popular games. According to Sharma’s memo, Xbox is also flattening management hard, cutting the current 14 management layers to no more than five, but ideally three. As part of this major organization redesign, Xbox is making longtime executive Helen Chiang chief operating officer with end-to-end profit and loss authority across content, hardware, platform, and services. Xbox’s restructuring plan centers around narrowing focus by dropping sprawling creative bets that don’t produce platform-scale returns, and instead homing in on core strategic pillars like Mojang and King, the businesses behind Minecraft and Candy Crush.

The news comes as Nintendo is making a bunch of changes to the rest of its lineup due to EU regulations requiring user-replaceable batteries. Starting this summer, the company says it will start introducing updated versions of various devices on “a rolling basis,” ahead of the regulations coming into effect on February 18th, 2027. “There is no difference in functionality between current products and revised products containing user-replaceable batteries,” Nintendo says.

The Switch 2 is the most notable product being updated — the new version is expected to start rolling out in the fall — but there will also be versions of the Joy-Con controllers, Joy-Con 2, Switch 2 Pro Controller, and N64 and GameCube Switch controllers with user-replaceable batteries. “Due to a variety of factors, revised products may not become available in all European countries simultaneously,” Nintendo notes.

Sociologists and psychologists point to several trends driving this phenomenon, which Substack writer Derek Thompson dubbed “The Anti-Social Century” in the Atlantic last year. We’re all on our smartphones, often interacting through screens instead of face to face — even though social media is no substitute for spending time together in person.

Teens, in particular, spend an average of 4.8 hours a day on apps like TikTok, Instagram and Snapchat, according to Gallup. The shift to remote work — and life — during the pandemic has persisted, keeping more of us homebound. Longer-term trends are reshaping daily life in ways that make isolation easier. Homes are bigger and more comfortable, with larger TVs. Virtually every restaurant is on a food delivery app, making it easier than ever to stay in.

Also contributing to the trend is the decline of gathering spaces, Axios’ Avery Lotz writes. A 2025 report from CU Boulder researchers uncovered widespread closures of all kinds of hangout spots — from libraries to coffee shops to museums — in the last decade or so. Churches are also shuttering at unprecedented rates, Axios’ Russell Contreras reports.

The government said Sunday it would introduce draft legislation this week doubling the maximum penalty to 99 million Australian dollars (63 million euros) for platforms — including Facebook, Instagram, Snapchat and TikTok — that do not take reasonable steps to comply with the ban, which became law on 10 December. Communications Minister Anika Wells blamed the platforms directly. “We can all agree we would like the scheme to work better than it is currently, but that is on Big Tech taking the Mickey,” she said, speaking to the Australian Broadcasting Corp on Monday. Wells added that she had received monthly updates from the online safety regulator since March and “we are not seeing improvements.”

The amendments would also expand the powers of eSafety Commissioner Julie Inman Grant to demand information and documents from platforms — and from third parties such as age assurance technology providers — to test claims made by companies about how under-16s continued to circumvent the ban. The government had initially reported more than 5 million children had accounts removed, deactivated or restricted after the legislation passed. But eSafety found in March that 70% of children who held accounts on restricted platforms on the day the ban took effect remained active on Facebook, Instagram, Snapchat and TikTok.

Inman Grant said in April she was considering court action against those platforms and YouTube, alleging they were not taking reasonable steps to exclude children. She said she was satisfied with progress made by the remaining restricted platforms: X, Kick, Reddit, Threads and Twitch. Senior opposition lawmaker Jane Hume said her party would consider supporting the reforms, but pinned blame on the original legislation. “The legislation was clearly undercooked in the first place. The eSafety Commissioner wasn’t given the powers to be able to pursue these Big Tech companies,” she said.

The Patent and Market Court in Stockholm, which issued the judgment on Wednesday, dismissed most parts of the claim in which Pricerunner sought 80 billion Swedish kronor, or roughly $8.2 billion, in the wake of a European Union antitrust crackdown… The Swedish price-comparison website argued that Google has been abusing its dominant position as a search engine by favoring its own comparison shopping service over competing portals for more than a decade. Wednesday’s award compensates for lost revenue caused by Google’s preferential treatment of its own comparison-shopping service over independent price-comparison services, conduct that also drives up costs for consumers, [Pricerunner owner] Klarna said in a statement after the judgment…

A Google spokesperson said the company doesn’t agree with the court’s decision and will consider its legal options. [The ruling can be appealed.] Changes implemented in 2017 to Google’s platform are working and generating growth and jobs for hundreds of comparison shopping services operating more than 1500 websites across Europe, according to the statement.

The litigation is linked to a 2017 decision by the European Commission to fine Google €2.4 billion for illegally leveraging its search dominance to give its own shopping service an edge. The EU decision unleashed a wave of so-called follow-on suits, which were delayed for years as Google appealed the EU fine. Two years ago the EU’s top tribunal confirmed that the company did violate antitrust laws — meaning EU-based plaintiffs no longer have to prove that in court. A Berlin court last year ordered the tech giant to pay €573 million in damages to two German price-comparison websites, a ruling Google appealed. Similar cases are pending across Europe.

In late May, OpenAI Chief Executive Sam Altman — who has long predicted that AI will lead to seismic shifts in the workforce — said during a conference, “We’ve been roughly right on technological predictions and pretty wrong on the social and economic implications.” Soon after, he told CNBC, “Our industry underestimated how much we’re going to be able to keep people at the center of everything.”

Anthropic CEO Dario Amodei, who warned in May 2025 that artificial intelligence could eliminate half of entry-level jobs, a year later highlighted more positive scenarios for AI-adopting businesses: “They can do the same thing with less resources, and that leads to things like layoffs, or they can do more with the same amount of resources. But that requires creativity....”

Is the sunnier outlook a move to win back customers and the public who are souring on AI’s world-upending promise? Or is the role of AI in the workplace now just better understood…?

Collectively, the narrative has shifted from worker-light doomsday scenarios caused by AI to a future in which workers keep their jobs — and get a productivity boost. The sentiment change isn’t limited to tech leaders: A survey by EY-Parthenon found that the percentage of CEOs who believe AI investments will result in significant reductions in head count fell from around 46% in January 2025 to just 20% this May. “They may have noticed that the labor market is genuinely not changing (i.e., imploding) as rapidly as they expected,” said David Autor, a professor of economics at the Massachusetts Institute of Technology. “They may have realized it was simply bad business to say that your great new product will destroy the economy.”

Four residents of Clallam County, a coastal region west of Seattle along northern Washington’s peninsula, lost more than $673,000 in just three days, according to the Clallam County Sheriff’s Office… The smallest amount lost was $3,500, which someone purchased in Apple gift cards for a scammer posing as an employee with Microsoft technical support, the sheriff’s office wrote. Another person lost $50,000 after they clicked on a malicious email and unwittingly granted the scammers access to their financial accounts.

“Believing they were speaking with a legitimate Coinbase representative, the victim was told there was fraudulent activity on the account and was instructed to download a ‘rescue’ application,” the [sheriff’s] release states. “The application allowed the scammer to remotely access the victim’s phone.” They then convinced the victim to transfer approximately $200,000 worth of cryptocurrency to what was described as a secure wallet. The funds were instead transferred to the scammer and could not be recovered…

In one scam, reported Monday, an 84-year-old Clallam County resident believed they had received an email from their daughter with a photo. After opening the email, a fake Microsoft security alert appeared on the computer directing the victim to call a support number, according to the release. “The victim was transferred to someone claiming to represent the Federal Trade Commission (FTC) and was falsely told they were under investigation in a child pornography and money laundering case,” the release states. “The scammers instructed the victim not to contact local law enforcement and claimed local banks were also under investigation. The victim was told their bank accounts were in danger of being seized and was instructed to purchase gold to protect their assets.” In three separate transactions, the victim purchased approximately $420,000 worth of gold and gave it to an unknown man waiting at the end of their driveway.

“Only after speaking with bank officials did the victim realize they had been defrauded,” the release states.

According to local channel WAVY, Virginia-based Air Force engineer and mechanic Jeffrey Sovern is facing 13 counts of destruction of property, as well as six counts of both petit larceny and possession of burglary tools related to the destruction of Flock license plate cameras… [Wavy reports the cameras were sometimes pointed in the wrong direction or thrown to the street.]

Armed with garbage bags, spray paint, and even chainsaws, a not insignificant number of privacy vigilantes have taken the fight to Flock, using any means to free their neighborhoods of the ominous surveillance poles. On a GoFundMe page to raise money for his legal defense, the 41-year-old Sovern explained that this kind of privacy-minded vandalism has far more support than would outwardly appear…

Sovern kicked off the campaign late in December of 2025, where he encouraged his supporters to “reach out to the local governments and demand that these systems are taken down.” The Virginia resident initially set his funding goal to $8,500. As news of his case has spread across the web, the amount of support has far outpaced those already-hopeful aspirations. [Two hours ago the legal fund stood at $23,326 from over 680 donors].

TypeScript 7.0 is often about 10 times faster than TypeScript 6.0, Microsoft said, thanks to native code speed and shared memory parallelism… Unlike TypeScript 6.0, TypeScript 7.0 performs many steps in parallel, including parsing, type checking, and emitting, Microsoft said. Some of these steps, such as parsing and emitting, can mostly be done independently across files. For that reason, parallelization automatically scales well with larger codebases with relatively little overhead. However, not every step in a TypeScript build is easily parallelizable, Microsoft said.

Meta CEO Mark Zuckerberg is all in on AI as the new social media, and he’s previously described a vision of how users could use AI to make interactive experiences and share them with people. The launch of Pocket appears to be one manifestation of that idea… It follows Meta hiring engineers from a company called Atma Sciences Inc., which made an app called Gizmo, as Business Insider reported in March.

On a help center page, Meta also describes a gizmo as a “playable AI-generated experience,” and when you post one, Meta says you can choose to let other people remix them.

Given that Meta has not officially announced Pocket’s debut, it’s likely that Pocket is still in its initial experimentation phase. Its counterpart Gizmo, however, had generated 635,000 lifetime installs across both iOS and Google Play, according to Appfigures, which noted it had a 98% positive sentiment.

According to the report, “high-intensity adopters” — firms that spend on average $30 per employee per month on AI in the first three months — saw headcount increase 10.2%. Headcount also rose across functions, including engineering, sales, administration, customer service, finance, marketing, and scientist roles. The strongest job growth among high-intensity adopters was in the information sector, which includes software, internet, media, and tech-adjacent firms.

Despite these positive signals, the data isn’t as rosy as it seems. It skews heavily toward tech-forward, knowledge-work firms — ones that might have VC-backing and are growing fast anyway, making it difficult to say whether AI is contributing to the hiring or just showing up at companies that are expanding anyway. “This paper does not show that AI universally creates jobs,” the paper’s authors admit, “but it does counter claims that AI will lead to broad job losses.”

It also counters claims that AI is killing all junior jobs. Recent research from Goldman Sachs found that AI has already erased about 16,000 net jobs per month over the past year, with Gen Z and entry-level workers taking the brunt of the burden. But in tech-forward firms, the report finds that entry-level headcount actually rose by 12%… “For software and technology firms, AI can make core output cheaper or faster to produce: writing code, debugging, building internal tools, producing technical documentation, and supporting product development,” the report reads. “Lower production costs in these workflows can raise the return to expanding the whole firm, not just the engineering team.”

But companies that buy subscriptions and run pilots, yet did not go on to make sustained investments, don’t tend to see any gains in headcount, per the report. That sets up the potential for a widening gap between firms that have the resources — like capital, technical staff, founder networks, and management bandwidth — to turn AI adoption into actual business gains and those that are stuck experimenting with subscriptions. In other words, this report suggests that firms that already have the resources are the ones that will see the largest gains.

[Microsoft] said Thursday that 6,000 employees will be embedded with clients, in a practice that’s become known as forward deployed engineering [or FDE]… The announcement comes two days after cloud rival Amazon said it was putting $1 billion behind an FDE initiative to support fast-paced AI engagements. Leading AI labs Anthropic and OpenAI both established FDE groups in May, partnering with private equity firms, banks and consulting firms.

Alongside its technology peers, Microsoft has sunk tens of billions of dollars into building data centers that run generative AI models. Microsoft has also released a variety of AI services, with mixed results. The Microsoft 365 Copilot AI assistant has yet to gain anything approaching ubiquity in the business world, and the GitHub Copilot coding agent has ceded market share to newer players. Microsoft’s stock has slumped 21% this year, by far the worst performance among the mega-cap tech companies. One concern on Wall Street is that AI models that quickly compose code might threaten mature software companies…

Microsoft has for years provided support and implementation services to customers. The company generated about $2.1 billion in revenue from enterprise and partner services in the March quarter, up 2.5% from a year earlier.