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EQT agrees $2 billion McGill majority stake deal — 5hPrivate equity firm EQT X has agreed to acquire a majority stake in McGill and Partners from Warburg Pincus for about $2 billion, with Warburg Pincus selling entirely and management reinvesting while Steve McGill remains CEO and John Lloyd stays involved. The London-based broker, employing 600+ staff across seven countries and generating over $250 million in revenue, will use the deal to accelerate global expansion, invest in technology and data, and offer an equity participation plan to staff as part of its growth strategy.

Priya Raman $2 billion for a broker with 600 staff shows how hot the specialty insurance space still is right now.

Uber cuts 3,300 jobs to fund AI and self-driving push — 1dUber announced a 10% global workforce reduction, roughly 3,300 to 3,400 jobs, aimed at simplifying the organization, cutting management layers, and freeing resources for drivers, couriers, merchants, and autonomous driving initiatives. The company will consolidate teams around major hubs in SF and NY and require most employees to work in-office, signaling a broader push into AI and self-driving technology amid industry competition.

Tom Gallagher Cutting drivers' human coworkers to fund the tech that eventually replaces drivers too. Bold strategy.

Array Technologies closes $165M Affordable Wire Management acquisitionBusiness — 3dArray Technologies completed its acquisition of Affordable Wire Management for approximately $165 million in cash, with the deal closing on August 31, 2026, and it is expected to be at least a high single-digit accretive to Adjusted EPS in the first year. The deal broadens Array’s balance-of-system offerings into wire management for utility-scale solar, energy storage, and data-center projects, leveraging AWM’s global deployments and engineering capabilities.

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BASF sues Apple over seven Face ID patents — 20hBASF, via its trinamiX unit, has filed a patent-infringement lawsuit in a U.S. District Court in Midland, Texas, accusing Apple of using Face ID technology that allegedly infringes seven BASF patents across iPhone and iPad models, and seeking damages and an injunction. The filing date is September 3, 2026, and Apple has not issued a public comment on the case, which BASF frames as enabling privacy-preserving, spoof-resistant facial recognition through its 3D and near-infrared techniques.

Sam Okafor Seven patents is a lot to lose on all at once. Either BASF has a real case here or they're hoping Apple settles rather than fight all of them.

Flex’s $4.4 billion EPC Power deal sets up 2027 spin-off — 19hFlex Ltd. is purchasing EPC Power for $4.4 billion to bolster its Cloud and Power Infrastructure segment, which will be spun off as an independent company in early 2027, with EPC Power’s grid-forming inverter technology designed to stabilise power in AI-heavy data centers. The deal is expected to close in late 2026, and some analyses flag potential overvaluation of FLEX while insider activity suggests cautious sentiment.

Chris Dalton Spinning off a company two years after buying it feels like financial engineering more than strategy, wonder who's really benefiting here.

56 rights groups urge Congress to drop provision deepening US-Israel military ties — 1dA coalition of 56 civil rights and advocacy groups urged Congress to scrap Section 219 of the 2027 NDAA, warning that deepening US-Israel military technology ties would be dangerous as US public opinion shifts against unconditional support for Israel amid the Gaza war. The debate comes as Netanyahu signaled a move to reduce reliance on US military aid within about a decade and some lawmakers have already attempted to block the aid provision as the 3.8 billion annual assistance nears its 2028 expiry.

Nicole Hardy If Israel wants to reduce reliance on our money within a decade, seems like a good moment to actually renegotiate these terms.

CXMT Sues Pentagon Over Military DesignationTech — 6dChangXin Memory Technologies filed a federal lawsuit to overturn the Pentagon’s Section 1260H designation labeling it a Chinese military company, arguing the tag is arbitrary and harms its civilian DRAM business and government contracting prospects. The move follows CXMT’s high-profile July 2026 IPO and rapid growth, and mirrors similar challenges from peers like Yangtze Memory Technologies, WuXi AppTec, and Alibaba aimed at lifting the designation and protecting its market position.

Vanguard to Acquire Altruist in $4B Deal — Aug 26, 2026Vanguard is acquiring Altruist for about $4 billion to expand into technology-enabled advisory and custody services, signaling its biggest tech bet yet as it targets independent financial advisers. Altruist will operate as a standalone unit after closing later in 2026, with Vanguard’s investment enabling expanded adviser technology and scale.

Huawei, HP Sign Multiyear Global Wi‑Fi Cross-Licensing — Aug 26, 2026Huawei and HP signed a multiyear global cross-licensing agreement granting HP licenses to Huawei Wi‑Fi patents and Huawei reciprocal rights to HP’s patents, spanning multiple generations of Wi‑Fi technology and expanding cooperation beyond China. The deal underscores the broader adoption of Huawei’s technologies, follows earlier patent disputes, and highlights ongoing collaboration in standardized wireless tech between the two companies.

GTS Securities Expands ETF Holdings Across iShares — 5dGTS Securities LLC reported notable Q2 portfolio moves across multiple holdings, boosting its IWM position by 74% to 104,815 shares, trimming SGOV by 31.2% to 85,100 shares, and taking new stakes in DVY and SHV while expanding Uber Technologies by 120.2% to 39,827 shares.

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HHS plans two new FDA deputy roles — Aug 25, 2026The Department of Health and Human Services plans to create two new FDA deputy commissioner roles—one overseeing technology and the intersection of health and AI, and the other focused on drugs—with Jared Seehafer identified as a leading candidate for the technology post; no final decisions have been announced as the agency awaits Senate-confirmation for Heidi Overton as FDA commissioner. The moves signal a bid to reshape FDA leadership, with several acting positions still in flux.

Stock screener flags fintech, telecom and auto stocks for growth potential — 1dMarketBeat’s stock screens spotlight sector-specific lists—from value names like Invesco QQQ, SpaceX and Snowflake to fintech players such as Rocket Companies and Kaspi.kz—reflecting broad investor interest across technology, finance, and infrastructure equities. The reports also flag notable developments in other groups, including Bharat Forge’s Kalyani Strategic Systems’ arms deal, Solex Energy’s listing plan, Power Grid’s Gujarat transmission bid, Hindustan Zinc’s mining lease, and automotive and telecom peers such as SpaceX, Monolithic Power Systems, AutoZone, Rivian, O’Reilly Automotive, SoundHound AI, Verizon, AT&T, AST SpaceMobile, and T-Mobile.

Brazil Plans 2.3-Billion-Real AI Supercomputers in Two Sites — Aug 20, 2026Brazil is investing about 2.3 billion reais ($444 million) to build two AI supercomputers, splitting the funds between Huawei/iFlytek in Rio de Janeiro and a Nvidia-led project in Rio Grande do Norte to diversify suppliers and boost technological autonomy. The funding, drawn from the National Fund for Scientific and Technological Development, aims to strengthen data sovereignty and balance ties with the US and China by pursuing both Chinese and American technology partnerships.

Nokia's new Riyadh center to build AI-driven networks for Saudi Vision 2030 — 3dNokia opened its first R&D center in Riyadh, Saudi Arabia to develop AI-powered network automation and orchestration software, focusing on SMO, SON, Autopilot, rApps, and AI-native 6G technologies to localize advanced capabilities and train Saudi talent. The project aligns with Saudi Vision 2030, strengthens Saudi Arabia’s status as a hub for intelligent network innovation, and serves Nokia’s global customers with localized expertise.

Derek Foss Network automation and AI orchestration sound great on paper, but I'll believe the "intelligent network hub" claim when we see actual deployed products from this center.

MAS commits S$220 million to fintech scheme, funds 1,000 internships — 4dSingapore’s MAS will invest S$220 million over three years in the fourth iteration of the Financial Sector Technology and Innovation scheme to accelerate fintech innovation, frontier-tech adoption, and talent development. The plan funds six tracks, including AI adoption and infrastructure, and aims to fund at least 1,000 fintech internships to strengthen Singapore’s fintech ecosystem, according to DPM Gan Kim Yong.

Maya Lindstrom Good to see AI infrastructure funding included, Singapore needs to keep pace or risk falling behind other fintech hubs.

Churchill Downs urges FTC review of HISABusiness — 4d"Churchill Downs Inc. has urged the FTC to order an independent review of the Horseracing Integrity and Safety Authority, citing governance, transparency, and data-security concerns amid recent incidents including the Fair Hill betting episode and unauthorized access to confidential horse health information." "HISA faces its own enforcement action with a provisional suspension of trainer Angel Quiroz over albuterol positives, while CDI argues for scrutiny of racing and wagering integrity, non-public information handling, and technology controls."

Xi Visits Egypt to Deepen China-Egypt Ties — 5dEgypt and China have deepened cooperation across science, technology, and economic development, highlighting joint research funding, a prominent TEDA economic zone, and high-profile energy and infrastructure projects supported by Chinese investment. The partnership also extends to agriculture, rural empowerment, and AI-driven modernization through exchanges like a Florida delegation visiting Egypt’s Future of Egypt Authority, underscoring a broad, multi-sectoral strategy for sustainable development.

Video — YouTubeLISA - SaWaDiKa (Official Music Video)LISAOfficialVEVO · 35.5M views · Sep 4, 2026

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Body of missing 5-year-old found after large-scale Pawleys Island search — 4dThe body of nonverbal 5-year-old Sailor Hayes was recovered from the water near the rental home she wandered from in Pawleys Island, South Carolina, as hundreds of residents and multiple agencies searched the area with drones, divers, and Project Lifesaver technology; authorities say there is no foul play suspected. The case elicited a large community response and extended condolences from the Georgetown County Sheriff’s Office as the search concluded.

Navitas and GlobalFoundries begin shipping first U.S.-made Gen 5 GaN chips — 3dNavitas and GlobalFoundries are launching first shipments of U.S.-made Gen 5 GaNFast power devices this September, marking a milestone in strengthening the domestic GaN supply chain for AI infrastructure, high-performance computing, and critical national security. The long-term strategic partnership, formed in November 2025, enables production at GF’s Burlington, Vermont facility on a 200 mm GaN-on-Si platform, building on Navitas’ Gen 5 technology and 300+ GaN/SiC patents.

Jared Kim Good to see actual domestic capacity for GaN instead of just announcements. Burlington plant putting real chips out matters more than press releases.