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Tech Business News

September 16
Business

The AI data center boom is colliding with cities scarred by big industry

A rally in Philadelphia called for a ban on data center construction as authorities consider two sites. Activists cited experiences living near an oil refinery that closed after a 2019 explosion. BloombergNEF forecasts that by 2035, US data centers will consume more gas than Germany and Japan combined.

The AI data center boom is colliding with cities scarred by big industry
Business

'It's going to make software so much better': Marc Benioff and Jensen Huang aren't sold on the 'SaaSpocalypse' – AI will take the industry to the next level

At Dreamforce 2026, Marc Benioff and Jensen Huang stated that AI will not kill SaaS but become an agentic layer above it. Earlier, the launch of Claude Cowork sent the S&P 500 software index down nearly 5%, losing $830 billion.

'It's going to make software so much better': Marc Benioff and Jensen Huang aren't sold on the 'SaaSpocalypse' – AI will take the industry to the next level
Business

Terry Myerson retires as Truveta CEO, co-founders step in to lead $1B health data startup

Former Microsoft executive Terry Myerson is leaving his post as CEO of Truveta at the end of September. Co-founders Jay Nanduri and Ryan Ahern will become interim co-CEOs while the board searches for a permanent leader. Truveta is valued at over $1 billion and aggregates de-identified data from 140 million patients across 30 U.S. health systems.

Terry Myerson retires as Truveta CEO, co-founders step in to lead $1B health data startup
Business

Roblox's top creators are making $65 million a year, while most took home about $1,500

Over the year from July 2025 to June 2026, Roblox creators earned about $1.7 billion through the DevEx program, up 50% year over year. The top 10 averaged $65 million each, while the median participant earned about $1,500. The company announced the Roblox Everywhere initiative: games can be released as standalone apps on mobile, PC, and consoles.

Roblox's top creators are making $65 million a year, while most took home about $1,500
Business

BlackRock's Fink Says AI Buildout Delays Limit Access to the Tech for Everyone

BlackRock CEO Larry Fink said at the Canada Investment Summit that delays in deploying AI infrastructure are limiting access to the technology for everyone. According to him, the pace of data center and energy construction lags behind demand.

Business

Anthropic Hiring Policy Design Manager to Set AI Use Limits in Weapons

Two days after CEO Dario Amodei's essay on AI risks, Anthropic posted a policy design manager role in its Safeguards team. The hire will define acceptable use boundaries for Claude in conventional weapons, including autonomous targeting systems.

Anthropic Hiring Policy Design Manager to Set AI Use Limits in Weapons
Business

Google Tests AI Contribution Payments for Publishers in Search Console

Google launched a limited AI Contribution pilot in Search Console, showing select publishers a monthly earnings panel for content used in Gemini, AI Overviews, and AI Mode. Payment formula, amounts, participation rules, and participant list are undisclosed; Google calls it an experiment, not a commercial program.

Google Tests AI Contribution Payments for Publishers in Search Console
Business

CoinEx says it is closing, citing downturn and rising compliance costs

Crypto exchange CoinEx is shutting down, citing a lengthy market downturn and rising compliance costs. The closure comes less than three months after a WSJ report said over $3B moved through the exchange since 2019 for Iran-linked wallets.

CoinEx says it is closing, citing downturn and rising compliance costs
Business

BDC outlines how it will deploy $1B from Defence Platform into funds and startups

Business Development Bank of Canada detailed how it will spend $1B of its $6B defence platform: $500M goes to the Defence Fund for Canadian and allied venture and private funds, and the StrongNorth Fund is increased from $300M to $500M. The first investment is $525M in Intrepid Growth Partners.

BDC outlines how it will deploy $1B from Defence Platform into funds and startups
Business

Adel Al-Saleh Says SES at Tipping Point for Growth Amid Strategic Shifts

SES CEO Adel Al-Saleh said at World Space Business Week that the company is transitioning from an operator to a vertically integrated satellite manufacturer. SES is building a factory (launch by early 2028), developing IRIS² and meoSphere constellations (46 MEO satellites with growth to 100), and partnering with Elveo on direct-to-device.

Business

OpenAI CFO Sarah Friar Emphasizes 'Need to Take Safety Seriously' on AI Risks

OpenAI CFO Sarah Friar told CNBC the company is ready to slow frontier model development for safety. Her remarks came amid debate over AI risks after an Anthropic researcher's departure and calls for a pause from Amodei, Musk and Altman. IPO timelines for OpenAI and Anthropic remain uncertain.

OpenAI CFO Sarah Friar Emphasizes 'Need to Take Safety Seriously' on AI Risks
Business

Former Bethesda dev says laying off The Elder Scrolls 6 staff makes no sense

Former Bethesda employee Kurt Kuhlmann said layoffs of experienced The Elder Scrolls 6 developers make no sense because they cut the people building the game. Veterans affected include 27-year Christiane Meister and Skyrim artist Ray Lederer.

Former Bethesda dev says laying off The Elder Scrolls 6 staff makes no sense
Business

Big Tech issued $220 billion of bonds to feed the silicon buildout

Alphabet, Amazon, Meta, Microsoft and Oracle issued about $220 billion in corporate bonds from the start of the year through August 10, versus $12.5 billion in the same period a year earlier. The reason is data center capex, which S&P Global Ratings estimates at $750 billion for the year.

Big Tech issued $220 billion of bonds to feed the silicon buildout
Business

Nvidia CEO Asks Trump To Reassure Everyone That AI Isn’t A World-Ending House Of Cards As AI Stock Prices Fall: ‘It’s All A Hoax, The Data Centers Are Great’

At the All-In Summit in Los Angeles, Nvidia CEO Jensen Huang called Donald Trump, who called fears around AI a 'hoax' and said data centers are 'the oil of the next 20–25 years.' Nvidia shares fell 5.6% over five days after Anthropic's call to slow AI development.

Nvidia CEO Asks Trump To Reassure Everyone That AI Isn’t A World-Ending House Of Cards As AI Stock Prices Fall: ‘It’s All A Hoax, The Data Centers Are Great’
Business

Anthropic, Salesforce CEOs Say Companies Need More Help Using AI

Dario Amodei (Anthropic) and Marc Benioff (Salesforce) said businesses have only begun using AI tools and need additional support to maximize benefits.

Business

Samsung fights chip talent poaching with more compensation

Samsung raised salaries for chip division employees by 6.8% amid attempts by Micron and SanDisk to poach NAND and HBM specialists. In 2026, the company spent about $5.97 billion on salaries, and $19.21 billion including stock. SK Hynix is also increasing payments.

Business

Visa Finds New Stablecoin Partner in Velocity After Losing BVNK to Mastercard

After Mastercard acquired BVNK in August 2026, Visa was left without a stablecoin infrastructure partner. London startup Velocity raised $48 million Series A at a $200 million valuation; among investors are Visa Ventures, Circle, and Ripple.

Visa Finds New Stablecoin Partner in Velocity After Losing BVNK to Mastercard
Business

CADDi raises $114M Series D at $1.2B valuation

Japanese startup CADDi, which sells AI tools to help manufacturers organize engineering and production data, closed a $114M Series D. Valuation rose to $1.2B from $470M in 2025.

CADDi raises $114M Series D at $1.2B valuation
Business

Why Anthropic’s data policy drama is good for OpenAI

Major Anthropic clients are waiting for a zero data retention policy for the new Fable models. Palantir and Booz Allen are expanding their use of OpenAI's Astra model, where zero data retention is already available. This fall, Anthropic will launch the Enterprise Frontier Safeguards program for select clients.

Why Anthropic’s data policy drama is good for OpenAI
Business

Oracle hits workers with second wave of 6 AM emails as restructuring bill climbs to $2.8B

Oracle carried out a second wave of layoffs: thousands of employees received termination emails at 6 a.m. Restructuring costs rose to $2.8 billion—33% above the previous forecast—amid record quarterly revenue of $19.3 billion and 121% growth in cloud infrastructure.

Oracle hits workers with second wave of 6 AM emails as restructuring bill climbs to $2.8B
Business

Ziggo Group Clears Legal Path for 2027 Amsterdam IPO With Leadership Team and Tower Sale

Liberty Global appointed Ziggo Group's leadership team and closed the sale of VodafoneZiggo's Dutch towers to a DigitalBridge-led consortium for $774 million. A listing on Euronext Amsterdam is planned for mid-2027.

Ziggo Group Clears Legal Path for 2027 Amsterdam IPO With Leadership Team and Tower Sale
Business

Chip Revenue Heads to US$2.4 Trillion on Price, Not Volume, Yole Says

Analysts at Yole forecast nearly a fourfold rise in semiconductor industry revenue by 2031 with almost unchanged shipment volumes. Price strength, not production capacity, will drive the AI boom.

Chip Revenue Heads to US$2.4 Trillion on Price, Not Volume, Yole Says
Business

AI Data Centers Give Idle EV Battery Capacity a Second Life

Slowing electric vehicle market growth in North America, tariffs and policy restrictions are pushing automakers and battery suppliers to repurpose idle capacity for AI data centers.

AI Data Centers Give Idle EV Battery Capacity a Second Life
Business

Amazon, Netflix, and YouTube launch streaming lobby group in Washington

Amazon, Netflix, and YouTube launched the Streaming Access and Choice Alliance (SACA) on September 14 — a coalition to lobby for streaming interests in Washington, including live sports broadcasting. The group is led by TechNet, with Mike Ward appointed as its head.

Amazon, Netflix, and YouTube launch streaming lobby group in Washington
Business

Vodacom's Safaricom deal struck down by Kenyan high court

Kenya's High Court annulled the sale of the government's 15% stake in Safaricom to Vodacom for KSh204.3 billion and ordered the shares returned to the state. Vodacom is appealing the decision and seeking a stay of execution.

Vodacom's Safaricom deal struck down by Kenyan high court
Business

Google invests $15bn in Finland and secures 500 MW from Loviisa nuclear plant till 2050

Alphabet is investing a record $15 billion in Finland: three new data centers in Kajaani, Muhos and Vaala, expansion of its Hamina site, and up to 50% of the Loviisa nuclear plant's output (500 MW) through 2050. Construction starts in 2027, with about 37,000 jobs expected.

Google invests $15bn in Finland and secures 500 MW from Loviisa nuclear plant till 2050
Business

COSS Weekly: Unleash raises $35M, Mistral AI valued above €21B, ClickHouse ARR passes $350M

Unleash raised a $35 million Series B for its feature-flag platform. Mistral AI closed a €3 billion Series D at a valuation above €21 billion. ClickHouse acquired RunReveal and its ARR passed $350 million. Moonshot AI is considering a Hong Kong IPO of up to $5 billion.

COSS Weekly: Unleash raises $35M, Mistral AI valued above €21B, ClickHouse ARR passes $350M
September 15
Business

OpenAI Eyes Canada Data Center Partnerships at Carney Investment Summit

An OpenAI executive at an investment summit with Prime Minister Mark Carney said the company is closely examining Canada for data center partnerships. The same executive previously hired Carney as Bank of England governor.

Business

US Datacenters Are Being Built Faster Than the Grid Can Power Them

Moody's says US datacenters will require 426 TWh by 2030, nearly double the 2025 level. New generation needs about $110 billion, while grid connection timelines stretch to seven years.

US Datacenters Are Being Built Faster Than the Grid Can Power Them
Business

Amazon Fails to Recover Some Data in Facilities Hit in Iran War

Amazon could not restore access to some data stored at facilities in the Persian Gulf damaged during the US-Iran war. The company confirmed the data loss.