Thursday, 24 September 2026
Thursday, 24 September 2026
- In brief
- 1Meta wants its Muse AI to shop for you from a pair of glasses. Amazon has already blocked it.
- 2The UN Security Council takes up AI
- 3Hugging Face says open AI helped it fight back
- 4Xi arrives with new Chinese chips
- 5British Columbia sues OpenAI over a shooting
- 6Jensen Huang: shut labs that cannot contain AI
- 7Amazon gives sellers their own AI agent
- 8Britain wants AI on Google's choice screens
- 9Snorkel triples its value on training data
- 10Factory reaches $5bn for coding agents
- 11Cyera raises $400m, still worth $12bn
- 12Numeral raises $100m for sales tax
- 13Bessemer raises $5.75bn for AI
- 14Enveda raises $311m for drugs from plants
- 15Angle Health reaches $2.7bn
- 16Oura sets a $40-44 range for its listing
- 17Firmus sets a date for its share sale
- 18SoftBank borrows $11bn for AI
- 19Microsoft plans $10bn in the Gulf
- 20US chip plants cannot find workers
- 21Taiwan starts a chip-packaging park
- 22SK Hynix weighs a New York memory plant
- 23OpenAI makes a version for lawyers
- 24IonQ fixes quantum errors on one chip
- 25The SEC opens the door to token shares
- 26iPhone buyers can claim Siri money
- 27Schneider buys smart-home maker Shelly
- 28India bars a telecom firm over fake revenue
- 29Grab's boss buys $30m of its shares
- 30A Dutch firm raises EUR 40m for glasses displays
24 Sept · Tech · In brief
Tech · Thursday, 24 September 2026
Tech, in brief
30 stories · 48 sources
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What is moving · 1 of 4
Money for AI start-ups
Snorkel AI, which makes training data for AI, raised $350m at a $3.5bn value.
What is moving · 2 of 4
Shops guarding their doors
Amazon blocked Meta's Muse agent from its shop.
What is moving · 3 of 4
Governments stepping in on AI
The UN Security Council held its first meeting on the safety risks of AI.
What is moving · 4 of 4
Chip plants short of workers
The US could be short of up to 157,000 chip workers by 2030, a McKinsey report found.
Part of the day's signal
One pressure seen across the day runs through Tech too.
12 sources
Tech, in brief
- 11Amazon blocks Meta's Muse and accuses Perplexity of misleading a court
- 15Amazon rolls out new agentic AI for third-party sellers
- 18"AI can either be more like a new renaissance of creativity": Sam Altman tells UN Security Council OpenAI will slow down
- 21China's AI chip blitz arms Xi with a message for Trump: 'You can't choke us off'
- 23Lawsuit demands OpenAI pay for new school after ChatGPT used in shooting
- 24Snorkel AI valued at $3.5 billion amid surging demand for complex AI training data
- 29VC firm Bessemer now has another $5.75B to invest in (what else?) AI
- 34SoftBank Starts Jumbo High-Yield Bond Sale to Finance AI Push
- 36UK regulator toughens Google choice screen proposals as AI assistants rise
- 37Labor crisis in U.S. chip manufacturing leaves Samsung, TSMC desperate for talent
- 38Taiwan breaks ground on advanced packaging park anchored by TSMC
- 39SK Hynix's Solidigm unit is weighing NAND memory chip factory in US, sources say
Meta wants its Muse AI to shop for you from a pair of glasses. Amazon has already blocked it.
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Meta showed new glasses and a keychain gadget at Connect, its yearly event for developers, on Wednesday.
Mark Zuckerberg built the whole line-up around Muse, Meta's AI agent.
Meta designs them with EssilorLuxottica, a large eyewear company, and leads the market, Reuters reported.
Investors are betting on Muse, TNW reported.
Who is involved
Meta
the company behind Facebook, Instagram and WhatsApp; it makes the glasses and the Muse agent
Who is involved
Mark Zuckerberg
Meta's founder and chief executive; he said Meta will take a small fee on what Muse buys
Why it matters
Watch whether Amazon sues Meta, which it has declined to rule out, and whether more big shops follow Walmart and Instacart in letting Muse buy from them.
How it works
An AI that shops for you skips the shop's ads
How it works
A shop earns money from what shoppers see on its pages, and an AI agent that shops for them never looks at those pages.
How it works · step 1 of 5
A shop earns from the visit, not only the sale: ads and suggestions
How it works · step 2 of 5
An AI agent visits for the buyer and reads only what it needs
How it works · step 3 of 5
The buyer never sees the ads, so the shop loses that money
How it works · step 4 of 5
The agent's maker wants its own fee on the sale
How it works · step 5 of 5
So the shop blocks outside agents and builds its own
The twist
The fight over AI shopping is not about whether the robot buys the right chair.
The twist
It is about who stands between the buyer and the checkout, because that company gets paid for the visit.
The picture
The person, the agent and the shop all touch one sale. Amazon earned $68bn from ads last year, which depends on a person seeing its pages.
Seen the same day
Amazon built its own free agent, so its sellers keep working inside Amazon's tools rather than someone else's.
Seen the same day
Instacart does the opposite step: it opens its door to Meta's agent, as it already had to ChatGPT, Claude and Gemini.
Seen the same day
The regulator is deciding who stands at the very first step, the screen that asks a new phone owner where to search.
Seen the same day
The same first step, a year earlier: Perplexity's servers visited Amazon's pages for shoppers, and Amazon went to court to stop it.
The catch
It holds for a shop that people already visit on their own. A smaller shop gains more buyers than it loses ads by letting every agent in.
The whole
A person who asks Muse for a chair sees a chair arrive.
The whole
They do not see Meta taking its fee, Amazon losing an ad, or the seller who paid to be near the top of a page nobody read.
What's really going on
Meta wants Muse to do people's shopping and to take a small fee on each purchase.
What's really going on
Amazon earned more than $68bn from ads last year, much of it shown on its own pages, so it blocked Muse and runs its own shopping agents instead.
Why it works on people
Meta presented the day as new gadgets: lighter glasses, a keychain with a face on it. The money in Zuckerberg's own words was a small fee on every purchase Muse makes.
Who gains
Amazon
Blocking outside agents keeps shoppers on the pages where it sold more than $68bn of ads last year.
Who gains
Meta
It plans to take a small fee on every purchase Muse makes, and its shares rose 11% this week on that bet.
Who pays
People near camera glasses
They can be filmed without knowing it; the glasses' warning light can be covered with a cheap sticker.
Nobody knows yet
How big Meta's fee on each Muse purchase will be.
Zuckerberg said only that it will be small, and gave no figure.
Nobody knows yet
Whether Amazon will sue Meta over Muse.
Amazon said it was talking to Meta directly and declined to say whether it would sue.
Nobody knows yet
Whether Muse stores shoppers' Amazon logins.
Amazon says the agent appears to capture and store them. Meta says Muse cannot see passwords or payment details. Neither side has shown evidence in public.
Good news
Meta's glasses can now work as an over-the-counter hearing aid, cleared by the US Food and Drug Administration, for people with mild to moderate hearing loss. One in six American adults has some hearing loss.
Part of a signal
AI programs acting on their own
Seen in 3 of the 12 beats
Also seen in Cyber and World.
The whole signal →The short version
That's the story in short.
The whole story has 15 more parts.
or swipe up for the next storyor scroll on for the next story ↓
The whole story, in 15 parts ↓
Part 1 of 15 · Who else is involved
Amazon
one of the world's biggest online shops; it blocked Muse from its site
Part 1 of 15 · Who else is involved
Perplexity
an AI search company whose Comet browser can shop by itself; Amazon is suing it
Part 2 of 15 · How it unfolded
8 Sep
Meta launches Muse, an agent that books and buys
Sun 20 Sep
Amazon starts blocking Muse from its shop
Part 2 of 15 · How it unfolded
Wed 23 Sep
Meta shows new glasses, Muse Charm and shopping partners
December
Muse Charm is due to ship
Part 3 of 15
Muse is software that acts for a person: it books, buys and fills in forms.
Part 3 of 15
Meta launched it on 8 September, and within a week it was the top free app in Apple's US App Store.
Part 4 of 15
Zuckerberg said Muse is free for a large amount of use.
Part 4 of 15
Meta plans to earn money by taking a small fee on the purchases Muse makes.
Part 5 of 15
Meta signed shopping deals with Walmart, Best Buy, Gap, Sephora, Wayfair and Expedia, said Alexandr Wang, Meta's chief AI officer.
Part 5 of 15
Muse can also buy from Shopify's whole catalogue.
Part 6 of 15
Instacart, a US grocery delivery app, said on Wednesday that its customers can use Muse.
Part 6 of 15
It already works with ChatGPT, Claude and Gemini.
Part 6 of 15
Its owner's shares rose more than 3% before the market opened.
Part 7 of 15
Amazon blocked Muse from Amazon.com from Sunday evening.
Part 7 of 15
Shoppers who sent Muse there saw a message that an unauthorized AI agent breaks Amazon's rules.
Part 8 of 15
Amazon says Meta never told it Muse would visit, that the agent hides what it is, and that it seems to store customers' logins.
Part 8 of 15
Meta says Muse cannot see passwords or payment details.
Part 9 of 15
Amazon earned more than $68bn from advertising last year, much of it shown to shoppers on its own pages.
Part 9 of 15
An outside agent that shops for a person skips those pages.
Part 10 of 15
On Monday Amazon also filed a 41-page complaint against Perplexity, an AI search company, saying it misled a US appeals court about its Comet shopping browser.
Part 10 of 15
Amazon says Comet copies a shopper's login to Perplexity's own servers, which then visit Amazon's pages.
Part 11 of 15
The new Meta VR Glasses weigh 100g, against 515g for the Quest 3 headset.
Part 11 of 15
They cost $1,299 and go on sale in spring 2027.
Part 11 of 15
Disney+ will stream some Marvel films in 3D on them from November.
Part 12 of 15
Meta's new avatars copy a person's face and voice for video calls from its glasses.
Part 12 of 15
An Engadget reporter did not notice at first that the Meta staff member on a call was an avatar.
Part 13 of 15
Meta also showed Ray-Ban glasses with no camera, at $349, shipping on 13 October.
Part 13 of 15
Some UK pubs and theatres restrict camera glasses, and New York bars them from its courtrooms.
Part 14 of 15
Meta's glasses can now work as an over-the-counter hearing aid cleared by the US Food and Drug Administration, for mild to moderate hearing loss.
Part 14 of 15
Zuckerberg said one in six American adults has some hearing loss.
Part 15 of 15
Muse Charm is a keychain-sized gadget: tap a fingerprint sensor and talk to Muse without unlocking a phone.
Part 15 of 15
Meta says it ships in December, and it has not named a price for it yet.
Part 15 of 15
It came from a Meta design lab led by Alan Dye, who used to run interface design at Apple.
14 sources
Meta wants its Muse AI to shop for you from a pair of glasses. Amazon has already blocked it.
- 1Mark Zuckerberg debuts $1,299 Meta VR Glasses and Muse Charm pendant amid AI agent push
- 2Meta Connect 2026: The 7 biggest announcements
- 3'This is a breakthrough': Zuckerberg unveils Meta VR Glasses
- 4Everything new coming to Meta's AI agent Muse
- 5Meta made a Tamagotchi-like wearable for its Muse AI agent
- 6Meta Debuts a Dedicated, Palm-Sized 'Charm' Device to Use Muse On the Go
- 7Meta's next VR device isn't a headset - it's glasses
- 8Meta is trying VR glasses (again), this time with more IMAX
- 9Meta's New Holographic Avatars Are Here And They're Surprisingly Real
- 10Meta expected to show camera-free smart glasses at Connect as privacy backlash grows
- 11Amazon blocks Meta's Muse and accuses Perplexity of misleading a court
- 12Amazon blocks Meta's Muse AI agent
- 13Amazon shows Meta's Muse AI shopping agent the door
- 14Stocks making the biggest moves premarket: IonQ, Maplebear, Worthington & more
The full story
Meta wants its Muse AI to shop for you from a pair of glasses. Amazon has already blocked it.
Meta showed new glasses and a keychain gadget at Connect, its yearly event for developers, on Wednesday.
Muse is software that acts for a person: it books, buys and fills in forms.
Zuckerberg said Muse is free for a large amount of use. Meta plans to earn money by taking a small fee on the purchases Muse makes.
Meta signed shopping deals with Walmart, Best Buy, Gap, Sephora, Wayfair and Expedia, said Alexandr Wang, Meta's chief AI officer.
Instacart, a US grocery delivery app, said on Wednesday that its customers can use Muse.
Amazon blocked Muse from Amazon.com from Sunday evening.
Amazon says Meta never told it Muse would visit, that the agent hides what it is, and that it seems to store customers' logins.
Amazon earned more than $68bn from advertising last year, much of it shown to shoppers on its own pages.
On Monday Amazon also filed a 41-page complaint against Perplexity, an AI search company, saying it misled a US appeals court about its Comet shopping browser.
The new Meta VR Glasses weigh 100g, against 515g for the Quest 3 headset.
Meta's new avatars copy a person's face and voice for video calls from its glasses.
Meta also showed Ray-Ban glasses with no camera, at $349, shipping on 13 October.
Meta's glasses can now work as an over-the-counter hearing aid cleared by the US Food and Drug Administration, for mild to moderate hearing loss.
Muse Charm is a keychain-sized gadget: tap a fingerprint sensor and talk to Muse without unlocking a phone.
Why it matters. Watch whether Amazon sues Meta, which it has declined to rule out, and whether more big shops follow Walmart and Instacart in letting Muse buy from them.
The UN Security Council takes up AI
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The UN Security Council held its first meeting focused on the safety risks of powerful AI on Wednesday, called by France.
Sam Altman, OpenAI's chief, told it no level of catastrophic risk is acceptable.
A day earlier, Donald Trump told the UN General Assembly he rejects any globalist scheme to control AI.
Why it matters
The heads of OpenAI and Anthropic asked governments to cooperate on AI on Wednesday.
Why it matters
The US president had said on Tuesday that the US would encourage AI, not rein it in.
3 sources
The UN Security Council takes up AI
- 16OpenAI and Anthropic CEOs push for AI cooperation at UN after Trump rebuffs 'globalist scheme' to control it
- 17AI leaders to brief UN amid warnings the technology could slip beyond human control
- 18"AI can either be more like a new renaissance of creativity": Sam Altman tells UN Security Council OpenAI will slow down
The full story
The UN Security Council takes up AI
The UN Security Council held its first meeting focused on the safety risks of powerful AI on Wednesday, called by France.
Why it matters. The heads of OpenAI and Anthropic asked governments to cooperate on AI on Wednesday.
Hugging Face says open AI helped it fight back
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Clement Delangue, the head of Hugging Face, a site where developers share AI models, also spoke to the Security Council.
His company was attacked by OpenAI's own AI agents during a test earlier this year.
It used an open model built by Z.ai, a Chinese developer, instead.
Why it matters
It is an argument that free-to-download models help defenders, made at the same meeting where others asked for tighter controls on the most powerful ones.
2 sources
Hugging Face says open AI helped it fight back
The full story
Hugging Face says open AI helped it fight back
Clement Delangue, the head of Hugging Face, a site where developers share AI models, also spoke to the Security Council.
Why it matters. It is an argument that free-to-download models help defenders, made at the same meeting where others asked for tighter controls on the most powerful ones.
Xi arrives with new Chinese chips
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China's leader Xi Jinping began his first US state visit in 11 years this week.
Days before, Huawei moved its next AI chip forward by three quarters and Alibaba showed a chip three times faster than its last.
US and Chinese officials set up a formal channel to warn each other about AI incidents.
Why it matters
Both governments say AI must be safe, and neither says it will slow down.
Why it matters
China's new chips are its case that US export limits slow it but do not stop it.
Who gains
China's chipmakers
Huawei and Alibaba showed faster chips days before Xi Jinping's visit, which strengthens China's case that US export limits do not stop it.
Nobody knows yet
Whether the new US-China warning channel for AI will ever touch chips.
The US trade representative said limits on chip exports were not on the agenda.
Good news
US and Chinese officials set up a formal channel to warn each other about dangerous AI incidents, in talks in New York before Xi Jinping's visit to Washington.
2 sources
Xi arrives with new Chinese chips
The full story
Xi arrives with new Chinese chips
China's leader Xi Jinping began his first US state visit in 11 years this week.
Why it matters. Both governments say AI must be safe, and neither says it will slow down.
British Columbia sues OpenAI over a shooting
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British Columbia, a Canadian province, sued OpenAI and Sam Altman on Monday over the February shooting at Tumbler Ridge Secondary School.
The shooter killed eight people, six of them at the school, which is now being knocked down.
The province wants OpenAI to pay for a new school and to end violent conversations in ChatGPT automatically.
It is also asking a court to make OpenAI release the shooter's chat logs, which OpenAI has shared only with police.
Why it matters
The suit tests whether an AI company can be made to pay for what a user did after talking to its chatbot. Tumbler Ridge has about 2,700 people.
Who pays
The town of Tumbler Ridge
Its secondary school is being knocked down after the February shooting, and about 160 students and staff were trapped inside that day.
Nobody knows yet
What is in the Tumbler Ridge shooter's ChatGPT logs.
OpenAI has shared them only with Canadian police, and British Columbia is asking a court to make them public.
1 source
British Columbia sues OpenAI over a shooting
The full story
British Columbia sues OpenAI over a shooting
British Columbia, a Canadian province, sued OpenAI and Sam Altman on Monday over the February shooting at Tumbler Ridge Secondary School.
Why it matters. The suit tests whether an AI company can be made to pay for what a user did after talking to its chatbot. Tumbler Ridge has about 2,700 people.
Jensen Huang: shut labs that cannot contain AI
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Jensen Huang, head of Nvidia, which makes the chips most AI runs on, spoke on a New York Times podcast published Wednesday.
He said labs must be able to keep AI agents sealed off during tests. If they cannot, he said, the labs should be shut down.
He also said Nvidia spends about 80% of its effort checking chips and 20% designing them.
Why it matters
The biggest seller to the AI labs is telling them to test more before they ship. He also rejected their case that competition forces them to hurry.
1 source
Jensen Huang: shut labs that cannot contain AI
The full story
Jensen Huang: shut labs that cannot contain AI
Jensen Huang, head of Nvidia, which makes the chips most AI runs on, spoke on a New York Times podcast published Wednesday.
Why it matters. The biggest seller to the AI labs is telling them to test more before they ship. He also rejected their case that competition forces them to hurry.
Amazon gives sellers their own AI agent
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Amazon launched an AI agent on Wednesday for the independent sellers who list goods on its site.
It runs all the time and can warn a seller when ratings drop or watch the price of a product.
It is free and optional, and can connect to Anthropic's Claude.
Why it matters
Amazon blocked Meta's outside agent days earlier. Its own agent keeps sellers working inside Amazon's tools.
How it works
Amazon built its own free agent, so its sellers keep working inside Amazon's tools rather than someone else's.
The idea, in story 1: An AI that shops for you skips the shop's ads →2 sources
Amazon gives sellers their own AI agent
The full story
Amazon gives sellers their own AI agent
Amazon launched an AI agent on Wednesday for the independent sellers who list goods on its site.
Why it matters. Amazon blocked Meta's outside agent days earlier. Its own agent keeps sellers working inside Amazon's tools.
Britain wants AI on Google's choice screens
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Britain's Competition and Markets Authority, which polices fair competition, proposed on Wednesday that Google must list AI assistants on its Android and Chrome choice screens.
Those screens ask people to pick a search engine when they set up a phone.
Google wanted one permanent switch in settings instead. Comments close on 9 October.
Why it matters
The first answer a phone offers decides which company gets asked the question. The regulator wants services like ChatGPT to be offered there too.
How it works
The regulator is deciding who stands at the very first step, the screen that asks a new phone owner where to search.
The idea, in story 1: An AI that shops for you skips the shop's ads →1 source
Britain wants AI on Google's choice screens
The full story
Britain wants AI on Google's choice screens
Britain's Competition and Markets Authority, which polices fair competition, proposed on Wednesday that Google must list AI assistants on its Android and Chrome choice screens.
Why it matters. The first answer a phone offers decides which company gets asked the question. The regulator wants services like ChatGPT to be offered there too.
Snorkel triples its value on training data
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Snorkel AI, a San Francisco company, raised $350m at a $3.5bn value, nearly three times its value in May 2025.
It sells finished training data and practice setups that AI labs use to teach new models.
Insight Partners and S32 led the round.
Why it matters
The labs' hunger for harder training data is now a business worth billions of its own. The data comes partly from human experts and partly from Snorkel's software.
Nobody knows yet
How much yearly revenue Snorkel AI really brings in.
Reuters reported a run rate of about $350m and TechCrunch $375m, both from the company, and neither figure can be checked from outside.
2 sources
Snorkel triples its value on training data
The full story
Snorkel triples its value on training data
Snorkel AI, a San Francisco company, raised $350m at a $3.5bn value, nearly three times its value in May 2025.
Why it matters. The labs' hunger for harder training data is now a business worth billions of its own. The data comes partly from human experts and partly from Snorkel's software.
Factory reaches $5bn for coding agents
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Factory, a San Francisco start-up, raised $200m at a $5bn value on 15 September.
It sells companies AI agents that write, test and fix software across the whole job of building it.
Why it matters
Investors are paying more for tools that write code. Factory's value more than tripled in about five months.
1 source
Factory reaches $5bn for coding agents
The full story
Factory reaches $5bn for coding agents
Factory, a San Francisco start-up, raised $200m at a $5bn value on 15 September.
Why it matters. Investors are paying more for tools that write code. Factory's value more than tripled in about five months.
Cyera raises $400m, still worth $12bn
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Cyera, a data-security company, took $400m from Goldman Sachs at the same $12bn value it set in June.
It is Cyera's third large round this year, for $1.4bn in all.
Why it matters
Snorkel and Factory raised at much higher values this week.
The full story
Cyera raises $400m, still worth $12bn
Cyera, a data-security company, took $400m from Goldman Sachs at the same $12bn value it set in June.
Why it matters. Snorkel and Factory raised at much higher values this week.
Numeral raises $100m for sales tax
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Numeral, which sells software that handles sales tax for companies, raised $100m led by Insight Partners.
It tracks where a company owes tax, files and pays it, in more than 90 countries.
California will charge sales tax on online software from 2027.
Why it matters
Sales tax rules keep spreading to new products, such as online software in California.
Who gains
Insight Partners
The investment firm led both Snorkel's round, at nearly three times its last value, and Numeral's $100m round.
2 sources
Numeral raises $100m for sales tax
The full story
Numeral raises $100m for sales tax
Numeral, which sells software that handles sales tax for companies, raised $100m led by Insight Partners.
Why it matters. Sales tax rules keep spreading to new products, such as online software in California.
Bessemer raises $5.75bn for AI
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Bessemer Venture Partners, a venture firm that has backed Anthropic and Shopify, raised $5.75bn across two new funds on Wednesday.
It set aside $1.75bn for young start-ups and $4bn for bigger ones.
A partner told Bloomberg that companies staying private for longer is permanent.
Why it matters
Funds say they must keep growing because companies now stay private for years before selling shares to the public.
1 source
Bessemer raises $5.75bn for AI
The full story
Bessemer raises $5.75bn for AI
Bessemer Venture Partners, a venture firm that has backed Anthropic and Shopify, raised $5.75bn across two new funds on Wednesday.
Why it matters. Funds say they must keep growing because companies now stay private for years before selling shares to the public.
Enveda raises $311m for drugs from plants
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Enveda, a start-up that uses AI to find medicines in plants and microbes, raised $311m at a $2bn value.
It is testing several drugs in patients, including one for severe skin conditions.
Why it matters
It is a large bet on AI drug discovery before any drug has passed the regulator. The skin and weight drugs now in patients are the test.
1 source
Enveda raises $311m for drugs from plants
The full story
Enveda raises $311m for drugs from plants
Enveda, a start-up that uses AI to find medicines in plants and microbes, raised $311m at a $2bn value.
Why it matters. It is a large bet on AI drug discovery before any drug has passed the regulator. The skin and weight drugs now in patients are the test.
Angle Health reaches $2.7bn
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Angle Health, a US company that helps small businesses buy health insurance, raised $200m at a $2.7bn value last Friday.
It sells plans that sit between fully insured and self-funded, and uses AI to help firms manage them.
Why it matters
A seven-year-old company that does not sell AI agents raised a large round last week. Its buyers are small firms that pay for their workers' health cover.
1 source
Angle Health reaches $2.7bn
The full story
Angle Health reaches $2.7bn
Angle Health, a US company that helps small businesses buy health insurance, raised $200m at a $2.7bn value last Friday.
Why it matters. A seven-year-old company that does not sell AI agents raised a large round last week. Its buyers are small firms that pay for their workers' health cover.
Oura sets a $40-44 range for its listing
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Oura, the Finnish maker of a health-tracking ring, plans to sell shares at $40 to $44 each, valuing it at about $15.62bn.
It sold 3.6 million rings in the year to June.
It is due to start trading on the Nasdaq next week.
Why it matters
An analyst at Mergermarket told Reuters it is the first real test of US buyers for new shares after a slow September. A weak debut could put off other companies.
1 source
Oura sets a $40-44 range for its listing
The full story
Oura sets a $40-44 range for its listing
Oura, the Finnish maker of a health-tracking ring, plans to sell shares at $40 to $44 each, valuing it at about $15.62bn.
Why it matters. An analyst at Mergermarket told Reuters it is the first real test of US buyers for new shares after a slow September. A weak debut could put off other companies.
Firmus sets a date for its share sale
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Firmus, an Australian company that builds AI data centres, will open its share sale to big investors on 6 October, according to a term sheet reported by Reuters.
It plans to raise about US$5bn and start trading on 22 October.
Two of them are running.
Why it matters
Buyers would mostly be paying for data centres that are promised, not built. The dates appear in no public document yet.
Nobody knows yet
Whether Firmus keeps its October share-sale dates.
The timetable comes from a term sheet reported by Reuters and appears in no public document yet.
1 source
Firmus sets a date for its share sale
The full story
Firmus sets a date for its share sale
Firmus, an Australian company that builds AI data centres, will open its share sale to big investors on 6 October, according to a term sheet reported by Reuters.
Why it matters. Buyers would mostly be paying for data centres that are promised, not built. The dates appear in no public document yet.
SoftBank borrows $11bn for AI
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SoftBank, the Japanese group run by Masayoshi Son, began selling more than $11bn of high-interest bonds on Wednesday.
Bonds are loans that investors buy and get paid back on, with interest. The sale includes a $10bn dollar part and a EUR 1bn part.
It is one of the largest sales of its kind ever, and SoftBank is offering record interest to attract buyers.
Why it matters
SoftBank is one of the biggest investors in AI, and it is now paying more to borrow for it.
Who pays
SoftBank
It is offering record interest to borrow more than $11bn for its AI bets.
1 source
SoftBank borrows $11bn for AI
The full story
SoftBank borrows $11bn for AI
SoftBank, the Japanese group run by Masayoshi Son, began selling more than $11bn of high-interest bonds on Wednesday.
Why it matters. SoftBank is one of the biggest investors in AI, and it is now paying more to borrow for it.
Microsoft plans $10bn in the Gulf
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Microsoft will invest more than $10bn in the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, its president Brad Smith told Reuters.
Much of it is for cloud and AI data centres.
Data centres in the region have been attacked since the Iran war began on 28 February, including Amazon's in Bahrain and the UAE.
Microsoft will also spend $400m on internet cables there.
Why it matters
Gulf states want AI hubs to rely less on oil. Brad Smith said Microsoft is adding to its plans despite the war.
1 source
Microsoft plans $10bn in the Gulf
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Microsoft plans $10bn in the Gulf
Microsoft will invest more than $10bn in the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, its president Brad Smith told Reuters.
Why it matters. Gulf states want AI hubs to rely less on oil. Brad Smith said Microsoft is adding to its plans despite the war.
US chip plants cannot find workers
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The US could be short of up to 157,000 chip workers by 2030, according to McKinsey and the SEMI Foundation.
Only 3% of US engineering graduates join the chip industry each year.
US chip jobs pay about $127,000 to $187,000.
Why it matters
New factories in Arizona, Texas, Idaho and New York all need the same small pool of people. Some firms are flying staff in from South Korea for now.
Who pays
US chip factories
They could be short of up to 157,000 workers by 2030, and some are flying staff in from South Korea.
Good news
Purdue and Arizona State universities are spending millions of dollars on courses that train students for US chip-making jobs, which pay about $127,000 to $187,000 a year.
1 source
US chip plants cannot find workers
The full story
US chip plants cannot find workers
The US could be short of up to 157,000 chip workers by 2030, according to McKinsey and the SEMI Foundation.
Why it matters. New factories in Arizona, Texas, Idaho and New York all need the same small pool of people. Some firms are flying staff in from South Korea for now.
Taiwan starts a chip-packaging park
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Taiwan broke ground on 21 September on the Baipu park in Kaohsiung, a hub for testing the tools used in chip packaging.
Packaging means joining finished chips together, and it is how TSMC builds the AI chips Nvidia and AMD design.
TSMC will build a testing laboratory and a training centre there, opening in late 2029.
Why it matters
Suppliers will be able to test new tools next to TSMC. That should shorten the time from a new idea to mass production.
1 source
Taiwan starts a chip-packaging park
The full story
Taiwan starts a chip-packaging park
Taiwan broke ground on 21 September on the Baipu park in Kaohsiung, a hub for testing the tools used in chip packaging.
Why it matters. Suppliers will be able to test new tools next to TSMC. That should shorten the time from a new idea to mass production.
SK Hynix weighs a New York memory plant
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Solidigm, a US unit of South Korea's SK Hynix, is considering a flash-memory plant in the US, three people told Reuters on 18 September.
Flash memory stores data in phones and data centres.
Solidigm now makes flash only in Dalian, China. SK Hynix said nothing has been confirmed.
Why it matters
The US government is pressing Korean chipmakers to build in America, and South Korea's president called it a matter of controversy.
Nobody knows yet
Whether Solidigm will build a memory plant in New York.
Three people told Reuters it is being weighed. SK Hynix says nothing is confirmed.
1 source
SK Hynix weighs a New York memory plant
The full story
SK Hynix weighs a New York memory plant
Solidigm, a US unit of South Korea's SK Hynix, is considering a flash-memory plant in the US, three people told Reuters on 18 September.
Why it matters. The US government is pressing Korean chipmakers to build in America, and South Korea's president called it a matter of controversy.
OpenAI makes a version for lawyers
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OpenAI released Astra for Law on 17 September, a version of its newest model for law firms.
Legal software firms such as Harvey and Legora can build products on it.
Why it matters
OpenAI, Google and Anthropic are now all selling to lawyers.
1 source
OpenAI makes a version for lawyers
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OpenAI makes a version for lawyers
OpenAI released Astra for Law on 17 September, a version of its newest model for law firms.
Why it matters. OpenAI, Google and Anthropic are now all selling to lawyers.
IonQ fixes quantum errors on one chip
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IonQ, a quantum computing company, said on Tuesday it had tested the industry's first real-time decoder for quantum errors.
Quantum computers make constant small errors that must be fixed as they run.
Its shares jumped 12% before the market opened.
Why it matters
Fixing errors fast enough is one of the main things stopping quantum computers from doing useful work. The result comes from IonQ's own announcement.
Nobody knows yet
Whether IonQ's error decoder works as well outside its own test.
The result comes from IonQ's announcement, and no outside group is quoted checking it.
Good news
IonQ tested a way to fix a quantum computer's errors as they happen, using one ordinary computer processor.
2 sources
IonQ fixes quantum errors on one chip
The full story
IonQ fixes quantum errors on one chip
IonQ, a quantum computing company, said on Tuesday it had tested the industry's first real-time decoder for quantum errors.
Why it matters. Fixing errors fast enough is one of the main things stopping quantum computers from doing useful work. The result comes from IonQ's own announcement.
The SEC opens the door to token shares
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The US Securities and Exchange Commission said on 17 September that some platforms may trade digital tokens that stand for US company shares.
The order lasts five years and is not a formal rule.
Tokenised assets are worth about $38.5bn.
Why it matters
Tokens could let shares trade around the clock instead of in market hours. The SEC acted two days after a crypto bill stalled in the US Senate.
2 sources
The SEC opens the door to token shares
The full story
The SEC opens the door to token shares
The US Securities and Exchange Commission said on 17 September that some platforms may trade digital tokens that stand for US company shares.
Why it matters. Tokens could let shares trade around the clock instead of in market hours. The SEC acted two days after a crypto bill stalled in the US Senate.
iPhone buyers can claim Siri money
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People in the US who bought an iPhone 15 Pro, 15 Pro Max or any iPhone 16 between June 2024 and March 2025 can now claim from Apple.
Apple is paying $250m to settle claims that it sold those phones on AI features, including a new Siri, that came late.
Each phone gets about $25, rising to $95 if fewer people claim.
Why it matters
Apple denies wrongdoing. The upgraded Siri only arrived with iOS 27 this month, and claims close on 21 December.
Who pays
iPhone 15 Pro and iPhone 16 buyers
They paid for phones sold on AI features that arrived late, and can now claim about $25 to $95 each.
Good news
People in the US who bought an iPhone 15 Pro or an iPhone 16 can now claim about $25 to $95 each from Apple's $250 million settlement over the late Siri.
1 source
iPhone buyers can claim Siri money
The full story
iPhone buyers can claim Siri money
People in the US who bought an iPhone 15 Pro, 15 Pro Max or any iPhone 16 between June 2024 and March 2025 can now claim from Apple.
Why it matters. Apple denies wrongdoing. The upgraded Siri only arrived with iOS 27 this month, and claims close on 21 December.
Schneider buys smart-home maker Shelly
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Schneider Electric, a French maker of electrical equipment, agreed on Thursday to buy Shelly Group, a Bulgarian maker of smart-home devices, for EUR 70 a share.
The offer values Shelly at about EUR 1.27bn.
Why it matters
It moves a smart-home maker based in Sofia, Bulgaria, into a large French industrial group. Bloomberg had reported earlier that day that a deal was near.
1 source
Schneider buys smart-home maker Shelly
The full story
Schneider buys smart-home maker Shelly
Schneider Electric, a French maker of electrical equipment, agreed on Thursday to buy Shelly Group, a Bulgarian maker of smart-home devices, for EUR 70 a share.
Why it matters. It moves a smart-home maker based in Sofia, Bulgaria, into a large French industrial group. Bloomberg had reported earlier that day that a deal was near.
India bars a telecom firm over fake revenue
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India's markets regulator, SEBI, barred Kore Digital, a telecom-infrastructure company, from raising money from the public on 17 September.
It says three units Kore bought in 2024 brought in about 75% of its revenue.
SEBI also barred its managing director.
Why it matters
Kore was due to move up from India's small-company board to the main stock market. The ruling stops that.
1 source
India bars a telecom firm over fake revenue
The full story
India bars a telecom firm over fake revenue
India's markets regulator, SEBI, barred Kore Digital, a telecom-infrastructure company, from raising money from the public on 17 September.
Why it matters. Kore was due to move up from India's small-company board to the main stock market. The ruling stops that.
Grab's boss buys $30m of its shares
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Anthony Tan, the chief of Grab, a ride-hailing and payments company based in Singapore, bought $30m of its shares on Monday.
The shares had fallen to $2.74, their lowest since May 2023, after Grab agreed to buy Atome, a buy-now-pay-later lender.
Why it matters
Tan told staff he had put his money where his mouth is. Grab's shares are down 50% in a year.
Who gains
Grab's chief, Anthony Tan
He bought $30m of shares at their lowest price since May 2023, and they rose 8.9% the next day.
1 source
Grab's boss buys $30m of its shares
The full story
Grab's boss buys $30m of its shares
Anthony Tan, the chief of Grab, a ride-hailing and payments company based in Singapore, bought $30m of its shares on Monday.
Why it matters. Tan told staff he had put his money where his mouth is. Grab's shares are down 50% in a year.
A Dutch firm raises EUR 40m for glasses displays
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Morphotonics, a Dutch company, raised EUR 40m to make more of its machines.
They stamp the tiny light guides that put a picture in front of the eye in smart glasses such as the Meta Ray-Ban Display.
China says its smart-glasses sales doubled in the first eight months of the year.
Why it matters
Every display glasses maker needs these parts at scale. The same machines may later make parts that move data by light inside data centres.
1 source
A Dutch firm raises EUR 40m for glasses displays
The full story
A Dutch firm raises EUR 40m for glasses displays
Morphotonics, a Dutch company, raised EUR 40m to make more of its machines.
Why it matters. Every display glasses maker needs these parts at scale. The same machines may later make parts that move data by light inside data centres.
That's the whole Tech day.
30 stories, 48 sources.