Meta AI Spending Plans Rattle Investors as Costs Rise
Meta’s AI spending plans face investor scrutiny after the company raised its capital expenditure outlook and announced a new non-voting share class.
Technology leadership news, executive appointments, founder moves and key industry personalities.
Meta’s AI spending plans face investor scrutiny after the company raised its capital expenditure outlook and announced a new non-voting share class.
SpaceX and Tesla have formed independent committees to review a possible merger, but no deal has been agreed and shareholder approval would be required.
Anthropic plans to commit 5% of its shares to a public-benefit fund addressing social needs, while Elon Musk proposes giving one SpaceX share to every US child.
China proposes export controls on 23 AI technologies, including advanced models and agents, as part of a wider plan covering 40 technologies.
Google DeepMind’s Demis Hassabis warns that AI-driven hacking incidents could escalate without stronger safeguards and adaptable international security standards.
STMicroelectronics' supervisory board has proposed extending CEO Jean-Marc Chery's tenure by one year, with shareholders set to vote at the 2027 annual general meeting.
Moonshot AI executives are reportedly negotiating a shareholder dispute settlement ahead of the startup's planned Hong Kong IPO.
Zach Yadegari, the 19-year-old co-founder of calorie-tracking app Cal AI, has raised $10 million for Persona, a new AI startup developing a personal assistant that can handle everyday digital tasks. The funding round was led by Vine Ventures, with participation from Z Fellows founder Cory Levy and Collective Global.
IndiaTech.Org has appointed Dhiraj Gyani as its new CEO after he served as the organisation’s Chief Operating Officer. With more than 24 years of experience across technology, public policy and government affairs, Gyani will lead the industry association’s engagement with policymakers and stakeholders as India’s digital economy continues to evolve.
New Relic has appointed Nandini Ramani as its new Chief Executive Officer and a member of its Board of Directors, bringing an experienced technology executive with deep expertise in observability, cloud infrastructure, distributed systems and AI-driven operations to the role. Ramani joins the company from Amazon Web Services, where she most recently led services spanning observability, search, governance and cloud operations.
Boston Dynamics has appointed former Amazon AI executive Rohit Prasad as CEO, bringing an AI-focused leader to the robotics company as it pushes further into Physical AI and commercial humanoid robots.
Nscale has appointed veteran corporate executive and board director Amy Banse to its Board of Directors, where she will also chair the Compensation Committee.
OpenAI CEO Sam Altman says humanity can remain in control of increasingly powerful AI systems, but argues that safety must keep pace with capability as rogue-agent incidents expose new risks.
Nvidia CEO Jensen Huang is defending rapid AI development while arguing that safety must be engineered into increasingly autonomous systems as reports of rogue AI agents raise fresh security concerns.
NuSummit has appointed Kunal Purohit as Managing Director and CEO, succeeding Anantharaman Sreenivasan, who will remain on the board through March 2027 to support the transition.
Anthropic is considering releasing a new AI model as OpenAI’s GPT-6 Astra gains momentum with enterprise customers, adding competitive pressure ahead of Anthropic’s potential IPO.
Raymond Albaladejo Stauffer has taken over as CEO of Nazara Technologies, with founder Nitish Mittersain moving to Managing Director as the gaming company expands its international operations.
AI-powered public-affairs platform Quorum has appointed Bob Ghafouri to its Board of Directors, bringing more than 25 years of experience across digital media, technology and AI-driven businesses.
Info Edge has appointed Himanshu Agarwal as Chief Financial Officer and Additional Director, effective September 17. He will succeed interim CFO Ambarish Raghuvanshi, who will remain with the company as a finance adviser through October 31.
Technology company Cloudstrats has appointed Nandini Singh as its new CEO, with a mandate to drive digital transformation, technology growth and business expansion. The leadership change comes as the company continues to expand its AI and technology services.
Adobe's leadership transition is becoming a bigger focus following its latest quarterly results, with Anil Chakravarthy set to replace longtime CEO Shantanu Narayen on December 1. While Adobe reported strong growth in AI-powered products, investor concerns over competition from AI-native tools and the company's future strategy pushed shares lower, putting added attention on the incoming CEO.
Hexaware Technologies has named Vivek Jetley as CEO-designate, with current CEO Srikrishna Ramakarthikeyan set to step down on October 28, 2026, after 12 years with the company. Ramakarthikeyan will remain as a senior adviser to support the transition.
John Ternus has taken charge of Apple’s first major product event since succeeding Tim Cook, putting the company’s new CEO in the spotlight as Apple launches its first foldable iPhone and expands its AI strategy.
CVC Capital Partners has named TPG veteran Todd Sisitsky and its president Peter Rutland as future co-CEOs, with the leadership transition scheduled for the first quarter of 2028. Current CEO Rob Lucas will step down from the role after leading the firm through its 2024 IPO.
Google DeepMind co-founder Demis Hassabis has stepped away from the lab’s day-to-day CEO role to become its chair and Alphabet’s chief scientist. Koray Kavukcuoglu will take over operational leadership as Google faces growing pressure to accelerate its frontier AI development.