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As AI Transforms Silicon Valley, Some Tech Workers Face Evaporating Financial Security

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The Washington Post describes a mid-tier executive at Meta as one of Silicon Valley’s “winners” whose financial security suddenly “evaporated” as their workforce “pushed headlong into AI and heavy job cuts,” creating a transformed job market. “Her ex-husband, a designer at Meta who was laid off in 2020, eventually gave up looking for jobs in his profession. He now lifts boxes at a warehouse.”


Layoffs.fyi, which tracks announced job cuts, counts more than 800,000 tech workers laid off since 2022, including large staff reductions in recent months at Meta, Microsoft, Oracle and Amazon… “There’s this whole tranche of people who’ve been quite used to being among the most upwardly mobile in society who are all of a sudden saying, ‘Now I’m the guy on the streetâs’” said Oliver Raskin, who founded Silicon Valley market research consultancy Signalcraft Insights and has surveyed attitudes in the tech labor force… “The rise of AI, especially, is bound to change the workplace radically,” [said Georgetown University historian Joseph McCartin]. “But the way it’s going to happen is similar to how technology transformed the auto industry.” Ruth Milkman, a labor sociologist at the City University of New York, said that technology workers are getting a dose of what workers in other industries have long complained about: jobs that feel unsteady or rob them of autonomy. “Low-wage workers are used to it,” she said…

Many layoffs at technology companies are probably a hangover effect from over-hiring in prior years, experts say. And they don’t account for a spotty recent increase in hiring in the information industry, which includes employment of software developers and jobs in media and entertainment. Digging deeper, though, some economists say there are signs that Silicon Valley and other technology-reliant parts of the American economy have reached a turning point where they are growing without needing as many people. The notion was encapsulated in a recent talk that ricocheted through group chats across the tech industry: In it, a partner at the start-up incubator Y Combinator heralded a new generation of AI-first companies that will only need human labor for “novel situations,” “ethical considerations” and “high-stakes moments.”

Gad Levanon, chief economist at the labor research nonprofit Burning Glass Institute, said that the number of hours worked in the information sector has dipped since 2022, while the sector’s economic output has increased by about 8 percent a year — more than three times the overall growth rate of the U.S. economy. He says the data reveals a sea change in industries, including technology and finance, toward doing more work with the same or fewer people — one that is spreading to other professional classes. “That’s the new reality for white-collar and tech-exposed work: output up, headcount flat or down,” Levanon said…

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Raskin, who has worked in the tech world since the late ’90s, said that even though the current moment feels unsettling to many, he’s hopeful that it’s an early chapter in an evolving story. “It’s happened many times before,” he said, “that something implodes and all these people lose jobs, but then that talent gets cycled into whatever the next thing is — into a new wave of prosperity.”
In the article tech entrepreneur Anil Dash quips that Silicon Valley techies are “are guinea pigs for what tech dudes want to do to everyone.”

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Roblox Now Wants You To Vibe Code Games

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With over 132 million daily active users, Roblox has become one of the world’s biggest platforms for user-created games. Now, the company is taking game creation a step further by launching Build, a new AI-powered tool that allows users to create games using natural language prompts. Roblox says the feature will make game development more accessible to everyone.

What Is Roblox Build?

roblox vibe coding platform

Roblox Build is a new feature that makes game creation easier for everyone. The feature introduces a mobile-first creation tab in the Roblox app, which lets users create games virtually from anywhere as long as they write a brief description of what kind of game they want to create using a short text command. The AI creates a playable template of the game, which creators can then customize after testing. After testing and refining the game, it can be posted to Roblox. One can even move to Roblox Studio when more advanced editing features are required, as both platforms work hand in hand.

The Build tool uses AI to do a number of things automatically within the game development process. With the help of Roblox AI and other types of AI technology, Build can create anything from characters and worlds to gameplay, sound effects, and graphics. Roblox says its AI has been trained using gaming-specific data and a large library of 3D models. As a result, it can create game-ready objects and fully playable scenes, helping more users bring their ideas to life.

Roblox plans to expand Studio with a new suite of AI tools for creators. One AI agent will automatically test games and find bugs before release. Another will provide easy-to-understand insights about game performance, and a third will recommend ways to boost player retention and monetization. In addition, Roblox is building AI technology that can generate editable 3D scenes from simple text descriptions.

Availability, Testing, and Pricing

Roblox is launching Build in public alpha starting July 28. The ability to publish games will first reach selected creators in New Zealand, before expanding to additional countries in the coming months. The company says age-verified users aged 9 and older can use Build during the testing phase. However, only games that clear Roblox’s safety checks will be available to age-verified users aged 16 and above. Roblox also plans to keep the basic version free while introducing paid options for power users later.

According to Roblox, these tools are part of its vision to let anyone turn a game idea into reality. By making development simpler, the company hopes more creators will build and publish engaging games on the platform.

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Revolut launches Australian banking entity after regulatory nod

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Revolut has major plans to become ‘the world’s first truly global bank’.

Revolut establishes its first banking entity in the Asia-Pacific after receiving regulatory approval in Australia.

With this latest approval, Revolut adds Australia to its full-licensed-banking-footprint across the UK, Mexico and the European Economic Area (EEA).

The company, with its existing retail customer base of more than 1m in the country, will now be competing for market share with Australian banking big wigs Commonwealth Bank, National Australia Bank, Westpac and the ANZ Group.

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The UK fintech, which operates across 40 markets and serves more than 75m customers, is aggressively expanding its footprint in a bid to become “the world’s first truly global bank”. It recently won regulatory approval in Peru and the United Arab Emirates, and has applied for a banking license in the US.

Revolut’s regulatory success in Australia comes alongside a nearly A$400m investment commitment into the country over the next five years, including across growth and workforce.

“Launching our Australian bank has been a long-term strategic priority and marks another significant step in our mission to build the world’s first truly global bank. Securing this licence in a market as highly regulated and competitive as Australia is a testament to our business model and our teams,” said Nik Storonsky, the founder and CEO of Revolut.

Matt Baxby, the CEO at Revolut Bank Australia said: “It’s the launchpad for our next chapter, enabling us to expand into a broader suite of products, including savings and credit, to sit alongside the innovative services our customers already rely on every day.

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“Our mission remains simple; to build the most seamless, secure, and customer-first banking experience for Australian consumers and businesses.”

The fintech reported its fifth consecutive year of net profitability with gross revenues up 46pc to $6bn in 2025, up from $4bn the year before. It is reportedly gearing to go public around 2028 for a valuation of between $150bn and $200bn.

The company also shared plans to pilot a physical store in Barcelona with a new format built for “how modern customers engage with brands today”.

Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.

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Sony’s digital-only future angers fans, but physical PlayStation games are barely selling

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Connecting the dots: The anti-PlayStation backlash does not appear to have cooled in the weeks following Sony’s announcement that it will cease manufacturing physical game discs in January 2028. However, despite online sentiment, available sales data shows that angry consumers are not voting with their wallets.

Circana analyst Mat Piscatella recently stated that only seven PlayStation games have sold more than 100,000 physical copies in the first half of 2026. Only two sold more than 10,000 during the week ending July 11, potentially vindicating Sony’s claim that PlayStation owners overwhelmingly prefer digital purchases.

Piscatella’s statistic came in response to the more than 10,000 comments that flooded a recent trailer for the upcoming Sony-published title Wolverine, set to launch September 15. Compared to other Sony trailers with larger view counts, the figure suggests that conversations about the company’s impending digital-only era remain heated.

2 PlayStation video games sold more than 10k physical units in the US during week ending July 11, 2026. 7 have sold more than 100k physical units year-to-date. Source: Circana Retail Tracking Service

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– Mat Piscatella (@matpiscatella.bsky.social) July 20, 2026 at 1:37 PM

Although Piscatella’s figures offer only a snapshot of US sales, other numbers paint a similar picture. A Change.org petition demanding Sony continue manufacturing discs has exceeded 300,000 signatures, but Dr. Serkan Toto, CEO of Japanese game industry consultancy firm Kantan Games, recently told IGN that the number is dwarfed by the roughly 50 million PlayStation Plus subscribers.

Sony’s 2025 fiscal year statement also confirms that 78% of the games it sold that year were digital, though the number includes titles that are only available digitally, which constitute the majority of the PlayStation 5’s library. The remaining 22% of sales were physical, amounting to nearly 70 million discs. For those curious, the PlayStation titles that have exceeded 100,000 physical units so far this year are, in order, Resident Evil Requiem, Crimson Desert, MLB The Show 26, 007 First Light, Lego Batman, WWE 2K26, and Call of Duty Black Ops 7.

Frustrated users who prefer physical games are likely powerless to change the PlayStation maker’s course. The company has already begun winding down disc manufacturing operations at its final plant, although games released before 2028 can still receive additional print runs after the cutoff date. Furthermore, the European Union confirmed that it cannot stop console manufacturers from abandoning physical media.

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Jumping ship to Microsoft will likely not be an option for long. Rumors suggest that the company is strongly considering forgoing an optical drive for its next Xbox console, expected in 2027 or 2028. However, Microsoft is also reportedly developing a method to transfer physical game copies to digital-only devices.

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HP’s Smart Tank 5101 drops to $170 for back-to-school

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If you’re tired of buying ink cartridges every few months, this is a good time to switch to a cartridge-free tank printer. Right now, the HP Smart Tank 5101 is $170 (was $260) at Amazon, and comes with 2 years of ink already included in the box.

For home, dorm room, home office, and small businesses printing a mix of monochrome and color documents and photos, it’s an ideal pick. Particularly as HP‘s ink tank printers tend to have larger tank reservoirs compared to rivals like Epson‘s EcoTank range.

Today’s top HP printer deal

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Should you buy it?

✅ Buy it if…

You want to save on running costs because bottled ink is much cheaper than inkjet cartridges and you get four bottles free in the box. We recommend ink tank printers if you’re chiefly printing documents and photos.

❌ Skip it if…

You’re mostly printing text documents – a high-volume laser printer is a much better option for sharper, bolder on-page text.

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Why we recommend it

Having tested HP’s Smart Tank line alongside the Epson EcoTank, Canon MegaTank, and Brother INKvestment range, we strongly recommend ink tank printers over traditional inkjet models that use cartridges.

The pitch for tank printers like the HP Smart Tank 5101 is straightforward: instead of buying ink cartridges that run out every few hundred pages, you refill four visible ink tanks from bottles, and each bottle lasts dramatically longer. HP estimates the included set of ink bottles is good for roughly 6000 pages.

Setup leans on HP’s Smart app, which walks through Wi-Fi connection and initial configuration with guided, step-by-step prompts rather than dropping you into a printer’s typically clunky onboard menu system. Once connected, illuminated smart buttons on the printer itself are meant to guide you through common tasks like printing, scanning, and copying.

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Print speed is modest rather than fast — HP rates this around 12 pages per minute for black-and-white and 5 pages per minute for color in normal mode, with the higher-quality “best” setting slower still. That’s typical for tank printers in this price range, and fine for everyday home printing, but not the machine to reach for if you regularly print large batches of documents quickly.

Price Context & Historical Value

This isn’t the cheapest the 5101 has ever been – back in 2024, it dropped to an all-time low of $140 direct from Amazon. However, it’s cheaper now than any third-party seller has sold it before brand-new ($180 was the price back in April 2025). Typically, we see it selling at around the $190 to $250 mark when not on sale. The highest price it’s been sold for is $280. Right now, it’s also available for $170 at Best Buy, too.

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The Catch: What to know before you buy

A few honest caveats worth flagging: some reviewers have reported software quirks and occasional paper jams with this model, and if you print only occasionally rather than regularly, the ink in an inkjet’s print head can dry out and clog between uses. This is best suited to households or small offices that print often enough to make the low cost-per-page actually pay off.

For more options, see our guides to the best home printers and best ink tank printers we’ve personally tested.

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After flips and foldables, Motorola drops a tablet stuffed with nine JBL speakers, and I need to hear it

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Motorola’s next device appears determined to bring audio hardware for the rest of the room to watch along. It recently unveiled a powerful new Edge phone, and now, the Moto Pad 70 Groove will launch on July 31 with a nine-unit JBL speaker system capable of delivering up to 48 watts of output. The company has confirmed that the audio-focused tablet will pair those speakers with a 12.1-inch display and a sizable battery designed for long streaming sessions. But we still have no official word on its pricing and global availability.

Nine speakers give this tablet a unique purpose

The unusual sound system contains four tweeters, three woofers, and two passive radiators. JBL handled the audio tuning, while Dolby Atmos and Hi-Res Audio complete the package. It also supports 7.2-channel surround sound, which makes it a solid entertainment machine.

A rotating ring on the rear doubles as a stand, allowing the tablet to sit in portrait or landscape orientation. Motorola has also placed dedicated volume controls on the back, and the device can operate as a Bluetooth speaker for music playing from a phone. Those additions could make the Pad 70 Groove particularly useful around the house. It could sit on a kitchen counter for recipes and podcasts, handle films without immediately demanding headphones, or provide music without requiring a separate portable speaker.

The rest of it isn’t bad either

Motorola has confirmed a 12.1-inch “2.5K” panel with a 120Hz refresh rate. It reaches up to 800 nits in High Brightness Mode and supports HDR10 and Dolby Vision, making the device sound purpose-built for video rather than another generic Android slate with louder branding.

A 10,200mAh battery sits inside, with Motorola claiming up to 15 hours of video playback. The company will include a 68W charger. Going by its name, it is also a part of the Pad 70 series, and we did cover the Pad 70 Pro in the past. Performance and price will ultimately decide whether this is a good tablet. But the bigger doubt is if it will be released outside of India.

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Apple is considering increasing the screen size for the iPhone 20 Pro Max

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A new rumor claims that Apple is considering using what it will call a 7-inch screen for one of the 20th anniversary iPhones, although that isn’t as great an increase as it sounds.

One recent rumor claimed that Apple had begun production evaluation for a 2027 iPhone with a display that is curved on all four sides. Then another claimed that the iPhone 20 range would feature a significant redesign.

For the first time, though, a leaker is claiming that Apple is testing what would be its largest iPhone screen. According to Digital Chat Station on Chinese social media site Weibo, if it goes ahead with this screen, Apple will market it as being a 7-inch one.

The claim says, though, that it would actually be 6.96 inches. That’s close enough for Apple’s marketing, but it seems less significant since the current iPhone 17 Pro Max screen is 6.86 inches.

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Still, screen sizes are measured diagonally so such a difference could amount to the iPhone 20 Pro Max screen being up to 2% larger than the current model. That’s enough to be noticeable in the hand, although there’s no indication yet whether the pixel density will remain the same.

The last time Apple increased the screen size of its iPhones was in 2024. Then the iPhone 16 Pro Max went up from 6.7 inches to 6.9 inches, while the iPhone 16 Pro screen was 6.3 inches where its predecessor had a 6.1 inch display.

Digital Chat Station says that the new, larger screen size has not been decided on. This leaker has a reasonable track record with Apple leaks, and has recently reported rumors about the screen size of the iPhone Fold 2.

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AI confidence just dropped 17 points in six months. That’s actually great news.

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Presented by JumpCloud


The organizations losing confidence in AI are the ones most likely to get it right.

Six months ago, 40% of IT leaders described their organizations as mature in AI deployment. Today that number is 23%. Before you read that as a setback, consider what it actually reflects.

We recently surveyed 800 IT leaders across the U.S. and U.K. for our Q3 2026 trends report, and the data tells a consistent story: the organizations revising their self-assessment downward are overwhelmingly the ones that have moved AI agents from pilots into production. They’re not losing faith in AI. They’re running into the problems that only show up when agents are doing real work in real systems, and they’re being honest about what they found.

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That kind of honesty is harder to come by than it sounds, and it matters more than the confidence number itself.

Deployment was the easy part

84% of organizations plan to expand AI use in IT operations over the next 6 to 24 months, so the drop in confidence isn’t a retreat. What it reflects is a more accurate picture of what production actually requires.

In a pilot, an AI agent does one thing in a controlled setting. In production, it accesses real systems, makes decisions that affect real workflows, and operates continuously, often without a human in the loop. The governance infrastructure that entails is materially different from what it took to get the pilot working. Most organizations built enough to ship. Fewer built enough to scale.

The IT leaders revising their self-assessment are confronting questions they didn’t have to ask at the pilot stage: Can we see every agent running in our environment? Do we know what each one can access? If an agent behaved unexpectedly last week, how long would it take to find out? For most organizations, at least one of those answers is uncomfortable.

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July-VentureBeat-Article-Graphic (1)

The gap between perception and reality is where risk accumulates

The graphic above captures the structural problem. Across confidence, governance, and autonomy, the same pattern holds: deployment is moving faster than the controls built around it.

The organizations that have closed this gap share specific characteristics. They’ve consolidated their IT environments rather than adding tools to solve each new problem, because every additional platform creates another place where agent identity, access, and accountability can go unmanaged. They treat AI agents as governed identities rather than tolerated shadow processes. And they measure what AI actually produces, not just what it deploys.

The payoff is tangible. Organizations in the top tier of our maturity model are five times more likely to report no barriers to expanding their AI agents than the average organization. They are not more cautious about AI. They are more confident in it, because they built the foundation that makes confidence earned rather than assumed.

The governance gap has a specific shape

The hardest problem in enterprise AI right now is not capability. It is accountability, and the data makes the specific failure point clear: non-human identity governance is the least adopted AI security practice we measured, in place at just 21% of organizations.

Non-human identities now outnumber human users in 83% of organizations, and that population is growing fast. Yet most of those identities exist without the governance structures that every human employee has as a matter of course: no formal record, no named owner, no defined scope of access, no offboarding process when their purpose expires. They keep running. They keep accessing systems. They keep accumulating permissions. We call these Zombie Agents, and they are the service account problem of the AI era, operating at machine speed and in every department.

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The accountability gap is where real risk lives. When a human employee takes an action, there is an implicit accountability chain. When an autonomous agent takes an action, that chain breaks unless it has been deliberately engineered. Most organizations have not yet engineered it, and the gap between the autonomy agents are being granted and the oversight structures in place to manage them is widening every month.

What the confidence drop is actually telling us

When AI maturity confidence was uniformly high across the market, that was worth worrying about. It meant most organizations hadn’t yet run into the hard parts. A selective drop, concentrated among organizations actively running agents in production, means the market is developing a more accurate picture of what AI operations genuinely require.

The organizations recalibrating are doing the work that makes long-term AI adoption possible: building identity infrastructure that covers agents alongside humans and devices, unifying the environments where governance needs to apply, and measuring outcomes rather than just counting deployments. They haven’t lowered their ambitions for AI. They have raised their standards for what it means to run it responsibly.

84% of organizations plan to expand AI use over the next two years. The ones that will do it well are honest enough, right now, to admit what they haven’t yet built.

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JumpCloud’s Q3 2026 AI Readiness Research report (n=800 IT leaders, U.S. + U.K.) is available here. The report covers AI agent deployment stages, identity governance gaps, IT unification benchmarks, and budget realism across mid-market and enterprise organizations.

Rajat Bhargava is CEO and Co-founder at JumpCloud.


Sponsored articles are content produced by a company that is either paying for the post or has a business relationship with VentureBeat, and they’re always clearly marked. For more information, contact sales@venturebeat.com.

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Veteran Microsoft security executive joins AWS amid broader reshuffle in Redmond

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Rudra Mitra will lead Amazon security services in his new role. (LinkedIn Photo)

Rudra “Rudy” Mitra, who spent more than 27 years at Microsoft and most recently led its Purview data-security business, is joining Amazon Web Services as vice president of security services.

Mitra will oversee an AWS portfolio that includes tools such as GuardDuty and Security Hub, which companies use to track security risks across their cloud accounts. AWS recently added AI-specific threat detection to GuardDuty and, perhaps notably given today’s news, extended Security Hub to monitor AI workloads and security inside Microsoft Azure. 

He will report to Chet Kapoor, the former DataStax CEO whom AWS hired last year as vice president of search, security and observability, a role that reports to AWS CEO Matt Garman.

“Rudy brings decades of security experience, a passion for building, and a deep understanding of what customers need as the security landscape continues to evolve,” Kapoor wrote on LinkedIn

Mitra joined Microsoft in 1999 straight out of college, working on early efforts to deliver Office as an online service before launching Purview, the company’s data-security and governance product, in 2014. He announced his exit from Microsoft last week, addressing what was next at the time by saying only that there was “more on that soon.”

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His departure comes amid a broader reshuffling of Microsoft’s security leadership this year under Hayete Gallot, who returned from Google in February to run the group and has been reshaping its executive ranks in recent weeks and months.

Gallot replaced Charlie Bell, who had joined from AWS in 2021 and continues at Microsoft as an individual contributor focused on engineering quality. She’s been overhauling the group’s product lineup, according to The Information, which reported last week that at least nine corporate vice presidents who reported to Bell have left the company this year.

Rohan Kumar left for Salesforce in June, Vasu Jakkal stepped down after six years. Krishna Kumar Parthasarathy departed this month after 28 years. Joy Chik, president of identity and network access, announced her retirement in April.

On the inbound side at Microsoft, Naseem Tuffaha returned in June to fill the corporate VP role Kumar had left, after nearly two decades at the company and a stint away.

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When Gallot arrived, Microsoft named Ales Holecek, a longtime engineering leader, as the security group’s chief architect, reporting to her. David Weston, another veteran Microsoft executive, also reportedly shifted into the security unit earlier this year.

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US Police Now Armed With Israeli Spy Vans Simulating Mobile Phone Towers

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Longtime Slashdot reader schwit1 quotes an X post by Josh Walkos, author of the Substack We the Free: If you thought Flock was bad check out Falconet. Falconet from Israeli company Cognyte serves as a cell tower simulator that intercepts cell phone data from all devices within range. Police mount these systems in Tahoes so the vehicles can collect information while driving through areas without any direct interaction with targets. This mobile approach generates ongoing records of phone locations and communications for everyone nearby rather than only suspects, which creates comprehensive movement profiles and bypasses traditional warrant requirements under the Fourth Amendment.

Cognyte sells the technology directly to U.S. agencies, as shown by the Texas Department of Public Safety purchase of four Tahoes where over three point eight million dollars went to the interception equipment. Adoption spreads through routine vehicle procurement with little external review of how the collected data is stored or shared. Once active the systems permit warrantless collection of private cell phone data across entire communities during normal patrols, which enables potential misuse and leaves individuals with no effective way to discover or contest the surveillance.

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Head of US Safety Agency Resigns

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Chris Fall has resigned as director of the U.S. Center for AI Standards and Innovation just three months after being appointed to lead the Commerce Department’s federal AI testing institute. Arvind Raman, who oversees the Commerce office responsible for the institute, will serve temporarily in the role. “The Commerce Department did not provide a reason for Fall’s departure,” reports Reuters. From the report: Fall’s exit marks the latest change in direction for Trump’s approach to AI. The president upon returning to office in 2025 said the federal government should take a hands-off approach to the tech sector. He has since taken a more active role in monitoring the technology, though his public statements and policies appear to change week by week.

The institute is responsible for working with leading AI labs such as Anthropic, Google’s DeepMind and OpenAI to test their unreleased models for vulnerabilities. The group is staffed by scientists and engineers, who are focused on calculating the “demonstrable risks” posed by advanced AI models, according to the institute’s website. They want to limit opportunities for U.S. adversaries to use AI to develop chemical or biological weapons, or corrupt the data used to train American AI models.

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