TechCrunch Top 3

Microsoft offers buyouts to around 60,000 employees: The buyout offers mark Microsoft's latest efforts to cut costs and rework its workforce. Read More

Uh-oh, it sounds like the iPhone Duo keeps cracking and users aren't happy about it: A small number of early adopters of the much-hyped new foldable phone from Apple have complained of screens cracking. Read More

This startup's self-driving excavators help dig up $600M in new funding: Bedrock Robotics, which is now valued at $4.1 billion, is particularly focused on autonomous excavators, in part because of a growing shortage of skilled operators. Read More

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Afternoon Must-Reads

Grok releases the first seven minutes of its AI-generated ‘Odyssey’: The footage looks okay, as long as you're not seeking artistry, inspiration, or human interest. Read More

Tesla turns to Turo to boost adoption of Full Self-Driving (Supervised): Eligible Turo hosts will also get a one-month free trial of Tesla's FSD software. Read More

Apple unveils new iPad mini with OLED display and faster A20 Pro chip: The new iPad mini features a thinner and lighter design than its predecessor. Read More

Anthropic officially files for its public debut: Anthropic has officially filed for an IPO, revealing soaring revenue, mounting losses, major enterprise adoption, and an unusual governance structure designed to preserve founder control and its AI safety mission. Read More

Watch out, YouTube; Instagram goes from short-form to 90-minute videos: As Instagram rolls out long form videos of up to 90 minutes, the platform has an opportunity to challenge YouTube if it plays its cards right. Read More

Last but Not Least

Anthropic’s IPO filing reveals its strategy for keeping enterprise customers hooked: Anthropic’s S-1 shows more than half of its $100,000-plus customers now use both the Claude Platform and a first-party app, a cross-selling playbook reminiscent of Amazon that’s making enterprise customers stickier. Read More