Earnings and funding, mergers and acquisitions, layoffs and leadership changes at the companies that set the industry's direction.
TCL is expanding in Saudi Arabia and Europe through local partnerships and system integration cooperation, while Samsung and LG strengthen their hotel TV platforms. The hospitality VOD market is projected to grow from $53.2 billion in 2024 to $176 billion by 2030.
Prysmian and Rio Tinto have partnered to supply an Amazon data center in Ohio with low-carbon aluminum electrical cables. The aluminum is produced by Elysis, a Rio Tinto-Alcoa joint venture, using inert anodes that emit oxygen instead of greenhouse gases. Prysmian will make the cables at its Sedalia, Missouri plant, marking the first use of such aluminum in a data center.
SK hynix's Nasdaq-listed ADR (ticker SKHY) was added to the MVIS U.S. Listed Semiconductor 25 Index with a roughly 4.8% weight in the September rebalancing. The move is expected to draw about $3.36 billion into the $70 billion SMH ETF and 58 billion won into Korea's KODEX U.S. Semiconductor ETF. The ADR trades at a 39.2% premium to the Korean common stock.
BharatPe has raised Rs 135 crore (about $14 million) in debt funding led by InnoVen Capital. The fintech also received shareholder approval to merge its online and offline payment aggregator businesses into Resilient Innovations ahead of a potential IPO.
Nabiax has laid the cornerstone for Alcalá Data Center 3 in Alcalá de Henares, Madrid. The project represents nearly €800 million ($918m) in investment and will add up to 100MW of IT capacity through 2029, bringing Nabiax to 135MW in Spain across Madrid and Catalonia.
Tokyo-based electronics maker TDK has agreed to acquire San Diego's Fabric8Labs, which develops metal 3D printing technology, for up to $400 million in cash. The deal, subject to regulatory approval, will support TDK's data center business, including thermal management, power components and semiconductor packaging.
Salesforce is testing three pricing models: traditional seat licenses, consumption via Flex Credits, and fees tied to AI agent outcomes. Deputy CFO Mike Spencer called the current mix an 'anxiety-filled architecture,' with consumption revenue expected to become material in 3–5 years.
Crusoe announced the initial close of a $3.9bn Series F round, valuing the AI infrastructure company at $30.9bn. The capital will fund hyperscale projects and wider rollout of its factory-built Spark modular data centres aimed at AI inference workloads.
Oman's state-backed renewable energy firm O-Green is developing AI-ready data centers in Oman, Spain and other European markets. It aims to have more than 200MW ready for service by 2028, powered by low-cost renewable energy. O-Green Power's project portfolio spans 12 countries and exceeds 11GW.
Disney appointed Character.AI CEO Karandeep Anand as its first company-wide CTO. He will oversee enterprise technology, infrastructure, data and AI platforms, and starts on 2 October.
The Financial Times reports that Big Tech is increasingly using residual value guarantees for off-balance sheet AI spending, giving Nvidia and Broadcom a way to support their customers' purchases. Wall Street is using the tech giants' credit strength to secure cheaper funding for the AI build-out.
AWS has told customers it cannot restore data hosted exclusively in the mec1-az2 availability zone in the UAE and across the entire Bahrain region, both damaged during the conflict with Iran. The damage exceeded what its regional and multi-AZ services are designed to withstand; AWS is replacing infrastructure and will detail Bahrain recovery in early 2027.
Some US investors have raised questions about the prospects of a planned AI hub in the Philippines amid growing opposition to the Washington-backed project, according to an official from the Southeast Asian nation.
Samsung Display president and KDIA chairman Chung Yi expressed confidence in the company's foldable panel capabilities and urged Korea to defend its OLED advantage amid aggressive expansion by Chinese competitors.
Anthropic engaged Accenture and its Faculty unit for independent evaluation of frontier AI development and testing of safeguards. Both companies will invest at least $1 billion each in developing this area over five years.
Chinese AI startup SiliconFlow closed B+ and C funding rounds. The company's total equity financing in 2026 reached nearly 2.9 billion yuan.
Firmus will open institutional bookbuilding for its ASX listing on 6 October and begin trading on 22 October, Reuters reports, citing a term sheet. The A$7bn (~$5bn) offering could rise to $5.5bn if an option is exercised. The company is valued at $10.5bn and has more than 900 MW of contracted AI data center capacity.
China's regulator has informally instructed humanoid robot makers to pause stock exchange listings until they show recurring revenue. At least six companies are waiting to list, and private valuations have fallen 30-50%, according to Reuters.
VMware stopped selling its NSX distributed firewall for SmartNICs (DPUs) after customers 'talked but didn't buy'. Distributed Services Engine support remains in Cloud Foundation, and the work may be reused in ESX for Arm.
Volvo Cars' board appointed Klaus Zellmer, currently Skoda's head, as new president and CEO. He will replace Hakan Samuelsson no later than October 1, 2027. Zellmer spent 20 years at Volkswagen Group and made Skoda Europe's third-largest automaker with 8.5% margin in H1 2026.
Microsoft announced the launch of its fourth cloud region in India — India South Central in Hyderabad. The data center will be cooled with effectively no water and is initially designed for AI workloads; the company has contracted 1 GW of renewable energy, of which 630 MW is already connected.
Alibaba appointed senior AI researcher Daiyiheng Liu as head of the Qwen large language model team. The appointment clarified the team's leadership after several rounds of reorganization.
According to Bloomberg, plans for data centers worth a total of $68 billion have been disrupted in the US due to growing resistance from local communities. Opposition to data centers in the country continues to intensify.
UK networking equipment maker Cambium Networks has entered administration and ceased production of Wi-Fi access points, NSE firewalls and cnMatrix switches. The company laid off 260 employees (53.6% of staff) without severance, and the cnMaestro Cloud management service will run at least until October 1, 2026.
London-based AI data center operator Nscale plans to raise $3 billion in a New York IPO despite a $1.2 billion loss on $140 million revenue in the first half of 2026. The company controls more than 10 GW of data center capacity and has contracts worth about $103 billion.
LG Innotek has deployed an AI component selection system across all divisions: it standardized data on 2 million parts and estimates prices with 96% accuracy. Quote calculation time for new products has been cut by more than 70%.
The US Department of Defense will divide an order for 60,000 drones among nine startups, including Eric Schmidt-founded Perennial. The competition requires no China-made parts.
KB Kookmin Card became the first and only Korean company in Mastercard's global Crypto Partner Program, which links the blockchain ecosystem with payment networks. The bank is studying integrating the Coinbase blockchain wallet with KB Pay, testing authorization, settlement, cancellation and refunds.
Pegatron has secured a Tesla order for AI servers, bringing it back into competition with Asus in the server market 18 years after their split. Both companies are trying to catch up with Quanta, Wistron, Foxconn, and Gigabyte, which already have a foothold in AI servers.
A Sapio Research survey of 1000 executives found that 40% of large companies had AI compliance or governance incidents in the past year, with processes at fault in 84% of cases. The average cost of AI projects that failed due to processes was $1.55 million per organization.
