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Tech Business News

September 16
Business

Goodman raises $455M for Hong Kong data center partnership

Goodman Group raised $455M for the Hong Kong Data Centre Partnership. The funds will mainly go toward engineering and electrical fit-out of the Goodman HKG10 data center in Tsuen Wan, which will open in early 2028.

Goodman raises $455M for Hong Kong data center partnership
Business

Iris launches telecom financial network with $43M backing

Iris emerged from stealth with $43M from Balesia Group and launched a blockchain-based financial network for telecom operators on Avalanche. Bolivia's VIVA was the first to join: operators connect identity, billing and distribution systems to earn revenue from advertising, settlement reconciliation and financial services. Settlements use Agora's USDi stablecoin.

Business

Apple outlines steep AI usage costs, with worse likely to come

With iOS 27, Apple Intelligence has matured, but Apple warns of limits on Siri AI and other AI features with paid access expansion. HomeKit Secure Video AI features require a $9.99/month iCloud+ plan, and for five cameras with AI summaries, the price rises from $2.99 to $59.99 per month.

Apple outlines steep AI usage costs, with worse likely to come
Business

AI really is eviscerating entry-level jobs, new data shows

The nonprofit Center for an Urban Future analyzed New York job postings: entry-level listings in "computers and mathematics" fell 49% since 2022. Director John Bowles said the decline affected other sectors too, and companies attribute reduced hiring to AI adoption.

AI really is eviscerating entry-level jobs, new data shows
Business

Amazon gives its workers a raise of $1 per hour

Amazon raised minimum starting pay for US warehouse and delivery employees to $20 per hour, with average pay rising to almost $24 per hour. Investment in the increase will exceed $1.5 billion; employees also get access to Day 1 Financial banking service and Whole Foods discounts.

Amazon gives its workers a raise of $1 per hour
Business

Zocdoc expands Care Access Network to third-party platforms

Zocdoc has expanded its Care Access Network, making its online appointment booking infrastructure available to third-party platforms including Yelp, Healthgrades, Amazon Health AI, Blue Shield of California, and VHA. The network covers 200,000 doctors, 20 million patients, and 10,000 insurance plans, with provider numbers growing 50% annually since 2023.

Zocdoc expands Care Access Network to third-party platforms
Business

Cohere reaches terms with Aleph Alpha to take on AI giants

Cohere announced a business combination agreement with Berlin-based Aleph Alpha, first announced five months ago. The combined company, headquartered in Berlin and Toronto, will have over 1,000 employees; the deal awaits regulatory approval and is expected to close by year-end.

Cohere reaches terms with Aleph Alpha to take on AI giants
Business

Infineon sells NOR Flash business to Winbond for $1.12 billion, reviving Spansion name

Winbond Electronics is buying Infineon Technologies' NOR Flash and F-RAM business for $1.12 billion in cash. The unit will be renamed Spansion, after the US memory maker whose NOR Flash line forms the core of the business.

Infineon sells NOR Flash business to Winbond for $1.12 billion, reviving Spansion name
Business

MindsEye developer Build a Rocket Boy seemingly shutting down after new layoffs

MindsEye developer Build a Rocket Boy is undergoing a new round of layoffs and likely a full shutdown, according to employee posts on social media. The studio has not officially commented on the scale of the cuts.

MindsEye developer Build a Rocket Boy seemingly shutting down after new layoffs
Business

Huawei boss says company wants to be the Nvidia of ICT

Huawei's chief said the company aims to become the Nvidia of ICT. The report also notes 6G risks repeating 5G, with operators likely to deploy networks on the same spectrum, equipment and vendors.

Huawei boss says company wants to be the Nvidia of ICT
Business

Bain Capital Ventures Raises $1.6 Billion for Life After AGI

Bain Capital's venture arm raised $1.6 billion to invest in startups working on technologies for the next stage of AI development—after achieving AGI.

Business

Blizzard boss on Diablo TV show and studio involvement

At BlizzCon, Blizzard announced a partnership with Netflix for an animated Diablo series. Blizzard President Johanna Faries said the studio will be 'very involved' in the project to expand the franchise's audience. Plot, cast, and release date are not yet announced.

Blizzard boss on Diablo TV show and studio involvement
Business

NVIDIA, Google and Emerald AI Form AI Energy Management Alliance

On September 16, 2026, Emerald AI, Google and Nvidia announced the AI Energy Management Alliance (AEMA), a coalition for data centers to dynamically manage power consumption for grid needs. The alliance promotes flexible grid connections, estimated to free up to 100 GW of existing capacity.

NVIDIA, Google and Emerald AI Form AI Energy Management Alliance
Business

Activision Blizzard sued by former employee over sexual harassment

A woman who worked at Activision Blizzard for 14 years filed a lawsuit in Los Angeles court, accusing 10 men of harassment, physical assault and stalking. She claims management and HR ignored her complaints; the company said it takes the allegations seriously.

Activision Blizzard sued by former employee over sexual harassment
Business

Apple Considers Return to Server Market, Talks with Nvidia on Network Tech

Apple is developing an enterprise server on its own chips for sale to AI developers, businesses, and government agencies. Two versions are being considered: with two and with four M8 Ultra chips, with possible integration of Nvidia networking equipment.

Apple Considers Return to Server Market, Talks with Nvidia on Network Tech
Business

SWISSto12 Partners with Mitsubishi Electric Corporation

Swiss company SWISSto12 signed a memorandum of understanding with Mitsubishi Electric for joint production of payloads and RF products, phased array antennas for Japanese protected geostationary programs, and expansion into Asian markets. SWISSto12 has over $500 million in orders, $140 million in revenue, and 2,000 parts in orbit.

SWISSto12 Partners with Mitsubishi Electric Corporation
Business

Former Infosys chief's AI startup nabs another $53M

Hang Ten Systems, founded four months ago by former Infosys CEO Vishal Sikka, extended its seed round by $53 million, just five weeks after the first $32 million. Total funding reached $85 million; the round was led by Xora (Temasek), with Mayfield, Aramco Ventures, and Intel and Micron executives participating.

Former Infosys chief's AI startup nabs another $53M
Business

PhonePe eyes IPO by March 2027 after UPI MDR clarity

Following the introduction of a new MDR regime for UPI payments, PhonePe has revived its IPO plans and aims to list in February–March 2027, according to Inc42. The company expects to refile documents by the end of the year and targets a $10 billion valuation.

PhonePe eyes IPO by March 2027 after UPI MDR clarity
Business

AI-induced memory shortage is changing how devices are built, Fairphone says memory now 60% of materials cost

Due to the memory shortage, smaller smartphone and laptop makers are redesigning devices, ordering chips months ahead, and testing batches for fakes. According to Fairphone, memory accounts for almost 60% of the materials cost in $400 phones.

AI-induced memory shortage is changing how devices are built, Fairphone says memory now 60% of materials cost
Business

Rune builds 1 MW solar-powered data center in Texas with 50 RELIC modules

Startup Rune built a 1 MW data center in Texas using 50 RELIC modules connected directly to a solar farm without new power plants or grid connection. The company raised $40M Series A led by Spark Capital and claims 90% cost reduction per megawatt.

Rune builds 1 MW solar-powered data center in Texas with 50 RELIC modules
Business

OpenText and Cohere Partner on Agentic AI for Regulated Sectors

On September 16, 2026, OpenText and Cohere announced a strategic partnership: the North platform and Cohere models will be integrated into OpenText Aviator AI agents. The solution for government and regulated industries, deployable on-premises or in private, public, and sovereign clouds, is expected for customers in early 2027.

OpenText and Cohere Partner on Agentic AI for Regulated Sectors
Business

Prediction markets are expanding into mainstream media, with integrations in Dow Jones, Substack, CNN, CNBC, and more, as they become an informational channel (Kate Knibbs/Wired)

Prediction markets are entering mainstream media: integrations have appeared with Dow Jones, Substack, CNN, and CNBC. According to Wired, they are becoming a new informational channel, although a legal dispute over their status as gambling continues.

Prediction markets are expanding into mainstream media, with integrations in Dow Jones, Substack, CNN, CNBC, and more, as they become an informational channel (Kate Knibbs/Wired)
Business

UK broadband firm Cambium Networks enters administration

The UK subsidiary of Cambium Networks filed for administration on September 10. Parent Cambium Networks Corporation was delisted from Nasdaq in March 2026, and the group plans to cut 260 employees, over 53% of its workforce.

UK broadband firm Cambium Networks enters administration
Business

Five Best-Selling Smartphone Lineups of Q2 2026: Samsung Leads, Apple Close

According to Smart Analytics Global, Samsung's Galaxy A lineup ranked first worldwide with an 18% share in Q2 2026, iPhone 17 second at 16%, and Redmi third at 7%. Analysts forecast global smartphone shipments will fall 20% year over year in the second half of 2026.

Five Best-Selling Smartphone Lineups of Q2 2026: Samsung Leads, Apple Close
Business

AI to Increase Storage Demand, but Only 38% Are Fully Prepared: Seagate

Seagate's 2026 Data Infrastructure Readiness Report found 99% of organizations expect AI to increase data storage needs over the next three years, with 32% expecting growth of more than 50%. Only 38% are fully prepared; the top barriers are data readiness (53%), storage infrastructure (43%) and compute availability (27%).

AI to Increase Storage Demand, but Only 38% Are Fully Prepared: Seagate
Business

Vodafone to take €1B hit from Drahi OXG deal

Vodafone will not receive over €1.1 billion in deferred payments from the German broadband project OXG: partner Patrick Drahi sold his stake to Societe Generale, and the new buyer is not bound by previous obligations. OXG was to cover 7 million homes by 2029 but has only connected 1 million so far.

Vodafone to take €1B hit from Drahi OXG deal
Business

AI Debt Boom Moves from Wall Street to Europe

JPMorgan Chase and Goldman Sachs are among banks ready to finance multibillion-dollar debt obligations for European AI projects. Europe aims to close its AI development gap with the US.

Business

Reach to Cut 220 Editorial Jobs as Readers Turn to AI Summaries

Reach, publisher of Mirror and Express, is cutting 220 editorial positions and closing three online brands (KentLive, AberdeenLive, GalwayBeo). The reason is a 46% drop in Google traffic amid AI Overviews and AI Mode; 60 new roles will be created for subscriptions and video.

Reach to Cut 220 Editorial Jobs as Readers Turn to AI Summaries
Business

AWS tells clients to leave Middle East data centers after Iranian drone strikes

More than six months after drone attacks on AWS data centers in Abu Dhabi and Bahrain, Amazon advised clients to move data to other regions. No recovery timeline was given, and the UAE is considering underground data centers.

AWS tells clients to leave Middle East data centers after Iranian drone strikes
Business

Serverfarm expands North American data center fund to $3.89 billion

US-based Serverfarm raised an additional $895 million, bringing its revolving credit facility to $3.89 billion. The funds will go to campuses in Houston, Clarksville and Atlanta. The syndicate includes 22 banks and one institutional lender.

Serverfarm expands North American data center fund to $3.89 billion