Automattic's board removed founder Matt Mullenweg on September 4 but reinstated him as CEO just 33 hours later. The reason for the removal was not disclosed; Mullenweg used system access to delete accounts of the acting CEO and other employees.
Google signed a five-year agreement with India's Mitti Labs to purchase 1 million tons of carbon credits by 2030. The credits are generated by projects reducing methane emissions on rice farms using satellite data, AI, and the GeoAI platform developed with NASA support.
Apple expanded its iCloud+ subscription in more than 100 countries, including Apple TV, Arcade, and Apple Music Select. The new offering is not available in the US; Apple TV is now available in 59 new countries.
Ciena announced the launch of corporate venture fund Ciena Ventures with initial capital of $200 million. The fund will be led by VP of Corporate Development Loai Louis, investing in startups in optical networks, data center architectures, and interconnects.
Grab Holdings agreed to acquire a controlling stake in Singapore-based BNPL platform Atome Financial for $1.49 billion. The deal is a bet on financial services as a new growth area.
German AI cloud provider Polarise has reserved 15 MW of capacity in the under-construction Prague Gateway data center of Czech company CRA. This is Polarise's first site in Czechia; the 26 MW, 2000-rack facility is due to be commissioned by the end of 2027.
LS Cable & System's union will hold a warning strike on September 16 at its Tonghae and Gumi plants, the first in the company's 37-year history. The dispute is over pay amid an EV cable boom driven by AI data center demand.
Oracle began a new round of layoffs, with some employees receiving immediate termination notices and their last working day on the day of the letter. It is the third round this year; headcount fell from about 162,000 in May 2025 to 141,000 in May 2026.
After Anthropic CEO Dario Amodei proposed slowing development of advanced AI models, infrastructure stocks fell: GE Vernova nearly 9%, Vertiv 8%, Caterpillar over 4%, Oracle nearly 4%. Investors fear a slowdown in model training will hit demand for compute and energy for data centers.
US startup Ramp launched its expense management service in the UK, its first market outside North America. Clients include ElevenLabs and Attio; the company is betting on AI token spend tracking tools, with clients' token costs up about 21x since June 2025.
Wharton professor Jessica Wachter estimates hyperscalers must spend about $1.1 trillion on AI infrastructure by 2027 and raise their own productivity 2.7 times by 2030 to break even. If these plans fail, the investment would become the largest inefficient capital allocation in history.
Everplay, owner of Team17, increased its stake in studio Bulkhead after shooter Wardogs surpassed 1 million copies sold in early access. For the first half of 2026, Everplay revenue fell 8% to £66.9 million and profit dropped 29% to £23.9 million.
Meta announced the fourth expansion of its Eagle Mountain data center campus in Utah. New buildings will use closed-loop liquid cooling with dry coolers, investments in Utah will exceed $3 billion, over 1,200 workers at peak construction, and more than 300 permanent jobs after completion.
Samsung Display may be the main beneficiary of Apple's entry into the foldable smartphone market: the Korean panel maker already holds about two-thirds of global foldable display shipments.
Amid worsening memory shortages and rising prices, Team Group expands into industrial electronics and develops an edge AI strategy, focusing on the industrial control segment.
Hyundai Motor shares fell 51% in three months from 750,000 to 367,000 won. Reasons: delay of Boston Dynamics IPO and Atlas humanoid robot deployment to 2028. Boston Dynamics loss last year was 528.4 billion won, accumulated over five years 1.7 trillion won.
Bangalore-based startup Flam closed a $40 million Series B round led by QED Investors. The company develops AI interactive content for businesses and already serves over 100 corporate clients, including Google, Reliance, and Hyundai.
Trustpilot CEO Adrian Blair said large brands are increasingly seeking visibility in AI-powered search. In the first half of the year, the platform's number of large clients grew by 35%.
Amazon said its Indian quick delivery service will reach annual sales of over $1 billion. This intensifies competition with local leader Blinkit (Eternal Ltd.).
New Walmart CEO John Furner is uniting technology teams under a 'build once, scale globally' strategy. AI agent Sparky doubles usage each quarter, its users spend 35% more; stores fulfill 80% of online orders, e-commerce grew 24% in the quarter.
Airports Company of South Africa will spend R21.7 billion through 2031 to digitize airports with AI, IoT, blockchain, and robots. The ACSA-Verse project will create a metaverse platform for modeling operations and passenger interaction.
Samsung is negotiating to raise mobile DRAM and NAND chip prices by another 7–10% on top of already record levels. This will affect Apple, other smartphone makers, and Samsung's own mobile division, meaning phone, tablet, and watch prices will continue to rise.
Samsung participated in a $230 million funding round for Dutch startup Euclyd. Euclyd develops AI inference chips with an architecture different from Nvidia GPUs and aims to compete with them. Samsung's investment amount was not disclosed.
