Fintech
1. Battery maker Northvolt moves ahead in Canada but at slower pace
Electric vehicle battery maker Northvolt is moving ahead with plans to open a C$7 billion battery plant in Canada but at a slower pace in light of its announcement on Monday it would review spending plans and mull job cuts. (Reuters)
IT infrastructure
2. Oracle beats quarterly estimates as demand for its cloud services rises
Oracle beat first-quarter revenue estimates on Monday, boosted by growing demand for its cloud offerings from companies deploying artificial intelligence. (WTVB)
3. Google’s Privacy Sandbox adoption costs burden small ad-tech firms, industry says
Smaller ad-tech firms are raising competition concerns over Google’s long-brewing cookies alternative, Privacy Sandbox, at a time when the internet giant’s digital ads business is already under U.S. and UK scrutiny. (WestLaw Today)
4. Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows
Workers at many of the largest U.S. tech companies overwhelmingly back Democratic presidential candidate Kamala Harris, according to donation data, even as some of the most powerful tech billionaires have thrown their support to Republican rival Donald Trump. (MSN)
5. Workers at Samsung India plant strike, partly hitting production
Hundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters. (US news)
6. Hewlett Packard shares fall on $1.35 bln convertible stock offering for Juniper buyout
Hewlett Packard Enterprise’s shares dropped 6.4% in extended trading after the AI server maker announced a $1.35 billion mandatory convertible preferred stock offering to fund its acquisition of Juniper Networks. (Market Screener)
7. Apple’s key launches at iPhone 16 unveiling event
Apple’s next iPhones are almost here and they’ll be announced on Monday, Sept. 9. Here’s all you need to know about when and how to watch the announcements as they unfold. (Forbes)
Tech trends
8. Google aimed to control web ad tech, US prosecutor says as trial begins
Alphabet’s Google sought to dominate all sides of online advertising technology by controlling competitors and customers, a Justice Department prosecutor said as trial began in the tech titan’s latest antitrust showdown in Alexandria, Virginia on Monday. (Print)
9. Huawei racks up 3 mln pre-orders for tri-fold phone before Apple’s iPhone 16 reveal
Apple Intelligence features are to launch in software update to iPhone and iPad operating system likely in October and a full upgrade of Apple’s voice assistant Siri is likely only early next year. (Business Standard)
10. Australia plans social media ban for children
Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn the measure could drive dangerous online activity underground. (Aol)
11. Sensor maker Gefran eyes M&A opportunities in Germany and North America, CEO says
Gefran, an Italian company specialised in sensors, is looking to take over peers in Germany and North America that have revenues of 10-20 million euros ($11.04 million-$22.09 million), its Chief Executive Marcello Perini said. (WestLaw Today)
AI
12. US proposes requiring reporting for advanced AI, cloud providers
The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers. (WestLaw Today)
