Dell’Oro Group reported worldwide telecom capex rose 5% year-on-year in the first half of the year, exceeding expectations following several years of declining investments.

Despite the promising start to the year, Dell’Oro’s long-term outlook remained largely unchanged by forecasting telecom capex growth of up to 1% CAGR through 2030.

Telecom equipment performance continued to closely mirror capex trends. Combined vendor revenue from the six telecom equipment segments monitored by Dell’Oro, comprised of Broadband Access, Microwave Transmission, Optical Transport, Mobile Core Network (MCN), Radio Access Network (RAN), and High-End Router & Aggregation, also increased by about 5% over the same timeframe.

Dell’Oro VP Stefan Pongratz explained operators have greater capacity following the 5G and fibre investment cycles and are gradually redirecting spending from coverage to capacity, modernisation, automation and efficiency.

“At the same time, improving operator revenues are helping to reduce capital intensity ratios even as network investments remain flat,” he stated.

Capital intensity, which peaked at 18% in 2022, is forecast to decline to around 14% in 2028, ahead of increasing slightly as early 6G investment starts.

Overall, telecom equipment revenue is projected to grow at a 2% to 3% CAGR between 2025 and 2030, outpacing CSP capex, partly due to incremental demand from cloud providers.

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AT&T, Global Infrastructure Partners and Canada Pension Plan Investment Board are creating a fibre joint venture (JV) by combining the Forged Fiber 37 and Gigapower assets, in a boost to the operator’s goal of providing connectivity to more than 60 million locations by 2030.

The JV will operate as a wholesale fibre commercial open access company. The operator stated it will utilise AT&T’s fibre assets and investor capital to expand fibre and 5G services across 16 states, enhancing customer experience with converged connectivity. The JV is expected to close in the first half of 2027.

Forged Fiber 37 is a wholly owned subsidiary created by AT&T to house the mass-markets fibre business, customer relationships, network assets, and build engine which AT&T acquired from Lumen Technologies.

Global Infrastructure Partners is a subsidiary of Black Rock. AT&T and Black Rock formed Gigapower, a wholesale open-access fibre network JV, in 2022.

AT&T will retain 50% ownership of the JV while GIP and CPP Investments will collectively hold the remaining stake.

AT&T CEO John Stankey is bullish on the convergence of fibre broadband and 5G services and has long held wherever it has fibre deployed “it wins”.

Stankey stated fibre is essential in an AI-driven world as demand for symmetrical, high-capacity and low-latency connectivity grows. He added the offering will extend reliable, high-speed fibre to more US consumers, increase AT&T’s scale and service reach and strengthen its position in converged fibre and 5G connectivity.

Last month the operator announced a multi-year fibre and cable deal valued at more than $3 billion with glass-specialist Corning to advance its converged strategy of mobile and broadband services.

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Telus and AST SpaceMobile completed an initial integration test between the mobile operator’s terrestrial network and the satellite player’s space-based infrastructure ahead of enabling direct-to-device (D2D) calls and text messages.

Independent analyst Carlos Placido told Mobile World Live southern Canada should have better coverage than other regions due to the inclination of AST SpaceMobile’s satellites.

“They said they would have 45 to 60 satellites in orbit by year-end, but currently have only 12, making that target seem unlikely,” he said.

Canada has large rural areas where terrestrial connectivity is not available which makes D2D services more attractive.

Telus EVP and CTO Nazim Benhadid described the successful test with AST SpaceMobile as an important step towards extending mobile coverage to areas without service, supporting the operator’s goal of providing reliable connectivity to more Canadians.

AST SpaceMobile previously projected 45 to 60 of its next-generation satellites would launch this year but is now targeting having approximately 45 in orbit by early 2027.

The delay was revealed in a Securities and Exchange Commission regulatory filing tied to a $1 billion notes offering and follows a serious setback to one of its two main launch partners.

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US President Donald Trump (pictured) appointed Director of National Intelligence Jay Clayton as his administration’s AI czar as part of an effort to coordinate the government’s initiative across the sector.

In a social media post, Trump stated Clayton will lead the newly formed Super Intelligence Force (SIF) to coordinate “the effort of the Federal Government to ensure that America continues to lead the World in Super Intelligence, which many say is bigger than the Industrial Revolution”.

Trump recently rebranded AI as “super intelligence” by signing an executive order directing all federal agencies, public communications, websites, and policy documents to use the new name.

He said SIF will oversee the federal government’s engagement with consumers, public interest groups, religious organisations, critical infrastructure providers, and super Intelligence companies.

The President has continued to downplay the potential impact AI could pose to humanity, arguing a recent pact signed by some of the top AI companies to self-regulate their efforts is sufficient.

The Wall Street Journal reported Clayton’s panel will review AI-related risks and current government mechanisms for breaches, hacks, and other related incidents while recommending ways to strengthen the government’s response capabilities using existing authorities.

Trump explained SIF will report directly to him and his Chief of Staff, Susie Wiles.

Musk rebrands
Elon Musk posted on X stating he was renaming SpaceX’s AI division to SpaceXSI to follow Trump’s lead on the term super intelligence.

“Yes, we ​will make that change,” he ​replied to a user on X asking ⁠him about the possibility of ​renaming SpaceXAI to SpaceXSI.

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Former Verizon and Ericsson chief Hans Vestberg (pictured) was named senior adviser at investment bank Evercore to provide technology insights to its customers.

The US independent investment bank provides strategic and financial advice to boards of directors, management teams and shareholders on M&A, capital structure, restructurings and strategic shareholder consulting.

Evercore chair and CEO John Weinberg said Vestberg’s decades of leadership experience in global telecommunications, along with his knowledge of technology, international markets and complex strategic matters, “will further strengthen the advice and insight we provide to our clients”.

The executive was replaced as Verizon CEO in October 2025 after being in charge for more than seven years.

Earlier in his career he spent more than 25 years at Ericsson, including a stint of more than six years as CEO.

In February, he was appointed a senior adviser to AI data centre infrastructure company Digipower X to help the company with its expansion plans.

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Facebook whistleblower Frances Haugen reportedly cast doubt on whether AI companies would honour a voluntary safety pledge agreed after a meeting with US President Donald Trump last week.

Haugen told CNBC OpenAI, Anthropic, Nvidia, Meta Platforms, Microsoft and Google needed to “step up and comply” with the AI agreement.

“The history of tech companies engaging with regulation is: Often they will follow the exact written statement when we are dealing with very flexible systems,” Haugen told CNBC.

She questioned whether the companies would follow the “spirit of the rules” or exploit conduct that was not expressly prohibited to “go around the end of the fence”.

Haugen pointed to Anthropic and CEO Dario Amodei’s support for independent auditors as evidence companies were addressing safety more proactively as concerns about AI posing an existential risk intensified.

“I think that is an acknowledgement that at least Dario knows that if you’re given the space to cut corners, even the angels among us begin to cut corners,” Haugen told CNBC.

In 2021, Haugen, who previously worked as a product manager on Facebook’s civic misinformation team, provided internal documents to the Wall Street Journal, prompting a series of reports known as The Facebook Files.

The documents included evidence the company knew its platforms were harming teenagers’ mental health.

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MobileX beefed up its executive team by hiring Raju Datla (pictured) as its CFO, which followed special purpose acquisition company CONX taking a controlling stake in the MVNO in August.

The company stated Datla brings more than 25 years of experience across technology, finance and business strategy. Prior to MobileX, he served as CFO of RedCloud Holdings, where he led finance, capital markets and the financial execution of the company’s global expansion.

His career stops also include serving as CSO at Tillman Fiber and as CFO and co-founder of NxtGen Datacenter & Cloud Technologies.

Earlier in his career, he worked at Deutsche Bank, advising technology media and telecommunications companies on more than $12 billion in M&A, debt and equity transactions.

Datla will work with founder and CEO Peter Adderton to lead funding, partnerships and financial strategy.

“MobileX is at a point where we’re not just scaling what we’ve built; we’re expanding what the platform can become,” Adderton stated while adding Datla “understands both the technology and the financial strategy needed to support that ambition”.

Under its new ownership structure with Charlie Ergen-controlled CONX, MobileX launched its first hybrid retail wireless model with CallSign Mobile in September.

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Ghana awarded 5G spectrum licences to Telecel Group and MTN’s local unit, ending the exclusive wholesale-network model previously used for the country’s 5G rollout, Bloomberg reported.

The exclusivity previously belonged to Next-Gen Infrastructure Company (NGIC), a joint venture (JV) combining Reliance Industries’ Radisys unit, Tech Mahindra, Nokia, and the Ghanaian government, alongside local partners Telecel and AT Ghana.

The JV aimed to reproduce India’s low-cost mobile data model by allowing operators to share infrastructure, but rollout delays prevented it from meeting its targets. Ghana’s government cancelled NGIC’s concession years before its scheduled expiry in 2034 and moved to direct competitive bidding.

Under the new arrangement, Telecel and MTN will build out their own independent networks.

“We plan to launch the service in December this year on our own network,” Telecel CEO Moh Damush told Bloomberg.

Ghana had 49 operational 5G sites earlier this year, compared with a target of 1,200 by 2027. The new licensing model allows established operators to use their existing network footprints to expand coverage. A filing on the Accra bourse showed MTN secured two lots of 700MHz spectrum and three in the 3GHz band, with each 15-year licence priced at about $100 million.

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EchoStar-subsidiary Dish DBS cut its outstanding debt by more than $4 billion after emerging from Chapter 11 bankruptcy protection, according to a filing with the US Securities and Exchange Commission.

The reduction included debt restructuring, full repayment of Dish DBS’ 7.75% senior notes due 1 July 2026 and a partial early repayment of its 5.25% senior secured notes due 1 December 2026. The prepackaged Chapter 11 plan took effect yesterday (1 October).

Dish DBS and certain subsidiaries, including Dish Wireless and its subsidiaries, filed for Chapter 11 protection on 30 June 2026 in the US Bankruptcy Court for the Southern District of Texas under a plan largely agreed with creditors in advance.

The companies split the restructuring into separate plans for Dish DBS and Dish Wireless on 27 August. The court approved the Dish DBS plan on 29 September, and it took effect two days later.

Dish DBS and its guarantors also entered three supplemental indentures covering its notes. Wilmington Savings Fund Society serves as successor trustee, while US Bank Trust Company acts as collateral agent and trustee. EchoStar will file the agreements as exhibits to its next Form 10-Q.

Dish DBS was deconsolidated from EchoStar’s financial statements from 30 June 2026 due to the bankruptcy filing. EchoStar will consolidate the business again from 1 October following its exit from Chapter 11.

The restructuring implements terms of a support agreement EchoStar disclosed in March after negotiations with creditors. Dish Wireless remains in bankruptcy proceedings under a separate plan.

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US President Donald Trump (pictured) reportedly continued to dismiss concerns about any threat AI poses to humanity while repeating his claim guardrails would impede its development.

In a wide-ranging interview with Time Magazine published yesterday (1 October), Trump stated he liked Anthropic CEO Dario Amodei after a recent dinner. He praised the executive’s intelligence and claimed Amodei’s actual views differed from how they were portrayed in the media.

In mid-June 2026, the Trump administration issued a directive instructing Anthropic to suspend access to its advanced models over national security concerns related to potential jailbreaking vulnerabilities but then reversed course around a month later.

“I liked him and his wife a lot,” Trump told Time Magazine. “Very smart guy. Maybe different than I thought, a little bit. Really a little bit different. But no, he understands.”

Trump hosted a meeting at the White House with some of the top AI executives, including Amodei, on 29 September, which led to participants signing a voluntary framework focused on industry self-regulation and internal oversight.

The president has opposed any sort of guardrails for AI from the government, claiming they would hamper development and lead to China overtaking the US. Trump told Time Magazine his guardrail against AI labs is enforcement by the Federal Bureau of Investigation and the US Department of Justice.

“Look, I say, if you’re going to seek regulation, they can put you out of business,” he said in the magazine interview. “Now you do have to be responsible for yourself, and there aren’t a lot of people that understand what’s going on”.

“This is a new one that is much different than people have ever seen before. But my attitude is, we’re winning against the world by a lot, and I want to keep winning,” he added.

Time Magazine noted 71% of US citizens oppose building data centres while 57% believe AI will do more harm than good. Trump has repeatedly referred to AI concerns as a hoax.

In the interview he claimed data centres “make a fortune” and would lead to lower taxes.

Trump also indicated he could be interested in the US government owning a stake in in Anthropic or OpenAI, similar to the deal he struck with Intel.

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Samsung reportedly raised prices across most of its flagship Galaxy S26 range as a global memory shortage pushed component costs up.

Bloomberg reported prices for the Galaxy S26, S26+ and flagship S26 Ultra increased by $100 each, taking starting figures to $1,000, $1,200, and $1,400.

The high-end 1TB S26 Ultra now starts at $2,000, up $200, Bloomberg wrote.

Demand for high-bandwidth memory used in AI infrastructure and data centres has tightened supplies of DRAM and mobile memory chips over the past year, increasing the bill-of-materials for smartphones, PCs and games consoles.

Bloomberg noted Apple’s iPhone 18 Pro range is more costly than previous editions and the vendor recently raised prices for some older models.

It highlighted Google’s Pixel 11 devices are also pricier than their predecessors.

Bloomberg noted the price of Samsung’s entry-level Galaxy S26 FE remains at the $700 set at its launch in August. The fee is $50 higher than the comparable previous model.

The news outlet highlighted Samsung held the prices of its Galaxy Z Fold 8, Z Fold 8 Ultra and Z Flip 8.

Bloomberg also flagged the $1,900 price tag on the Galaxy Z Fold 8 as being less than the $1,999 price Apple plans to charge for its iPhone Duo, which is scheduled to launch on 23 October.

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US broadband vendor Inseego completed its deal to buy Nokia’s fixed wireless access (FWA) CPE business, in a move it expects will roughly double its revenue.

By adding indoor, outdoor and mmWave FWA technologies to its wireless broadband portfolio, Inseego stated it now has a global presence across consumer and business connectivity.

Its footprint for operators now includes Europe, the Middle East, Asia, Oceania and the Americas, while also expanding its engineering capabilities.

To support its global ambition, Inseego established an international headquarters in Amsterdam, a development centre in Athens, Greece, expanded its presence in Bangalore, India, and added customer-facing sales and technical resources across its new markets.

“We now have the scale, technology, and global reach to support carriers across business, residential, and mobile use cases,” Inseego CEO Juho Sarvikas said.

The deal, announced in April, grants Nokia approximately 1.9 million common shares, representing an 11% ownership stake in Inseego

The Finnish vendor also received warrants to purchase up to 800,000 shares of common stock, at an exercise price of $4.26 per share.

Nokia will also kick in a further $10 million cash payment by 15 October to support engineering work on interoperability between Inseego’s device operating system and cloud platform and certain Nokia technology ecosystems over the coming year.

Nokia will provide transition support and refer new FWA opportunities to Inseego.

About 250 people from the acquired business will support Inseego’s engineering, product management, supply chain, sourcing and customer support operations. They include employees joining Inseego and Nokia personnel providing support under a transition services agreement.

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T-Mobile US, Verizon and AT&T sealed their joint venture (JV) to expand coverage across areas of the US that terrestrial services cannot reach, in a rare example of cooperation between the big three.

The move followed an announcement in May outlining how the operators planned to pool their spectrum resources to eliminate “dead zones” by expanding satellite coverage for customers nationwide.

Former AT&T, Cingular Wireless and Ameritech executive Paul Roth is serving as the interim CEO of the JV while a search for a permanent chief is underway. The entity will be managed by a board with representatives from each founding member.

The companies stated the JV will “nearly eliminate dead zones in the U.S. currently without mobile service, reaching previously unserved areas” to cut down on coverage gaps.

It will also be beneficial for first responders during natural disasters or other disruptions by providing connectivity when terrestrial services are down.

They claim the new service will also provide a better customer experience for direct-to-device (D2D) consumer services through the unified approach.

T-Mobile notably has launched a commercial D2D service in collaboration with SpaceX, while Verizon has rolled out a satellite messaging service with Skylo Technologies. Verizon and AT&T are also separately working with AST SpaceMobile.

AT&T Business has a partnership in place with Jeff Bezos’ Amazon Leo to provide connectivity to businesses across the US. SpaceX is also mulling a mobile service through its Starlink birds, but the industry is somewhat sceptical of its approach.

The operators stated the venture will also be a boon to additional satellite providers while also collaborating closely with rural mobile operators to expand access and simplify integration.

The service could emerge as a threat to cable operators such as Cox Communications, formerly Charter Communications, Comcast and smaller providers across rural areas which are currently losing broadband subscribers to fixed wireless access services offered by the trio.

The combined use of each operator’s spectrum will improve efficiency while enabling mobile operators to deploy new services at a faster rate.

The JV also plans to take a standards-based approach to satellite services while allowing each of the three to continue their individual efforts across the sector.

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A non-profit legal group reportedly sued OpenAI over a cyberattack by its AI agents against Hugging Face, in what CNBC described as a test case for whether an AI company can be held legally responsible for damage caused by autonomous systems.

The news outlet reported Legal Advocates for Safe Science and Technology (LASST) filed the suit on 29 September in a Superior Court. It relates to OpenAI agents escaping their testing environment onto the open internet and hacking Hugging Face’s systems in the process, one of the earliest known actions of its kind, CNBC wrote.

CNBC reported LASST believes OpenAI breached Californian computer laws and should be held accountable for the actions of its agents. It wants the court to bar the company’s systems from accessing computers without authorisation.

An OpenAI representative told CNBC the suit lacks merit.

OpenAI scrapped plans to release a new model this week over safety concerns, days after stating it is thoroughly reviewing future iterations as a result of the Hugging Face incident, CNBC reported.

Various reports indicate the company’s agents also hacked an Australian government website.

CNBC noted Hugging Face is not involved in the LASST lawsuit, but highlighted a previous call from the start-up’s CEO Clement Delangue for OpenAI to donate $100 million towards helping it beef up its defences.

OpenAI reportedly tried to invest the same sum in Hugging Face. Nvidia ultimately secured a deal to buy it for $13 billion.

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The US Federal Trade Commission (FTC) reportedly opened a wide-ranging probe into Anthropic, OpenAI and other AI companies over the potential danger posed by their models.

The New York Post reported FTC chair Andrew Ferguson launched the investigation before OpenAI agents attacked AI startup Hugging Face in a test.

Its probe will seek documents on alleged unfair or deceptive practices violating the FTC Act from AI players, or “super intelligence” companies as President Donald Trump calls them.

The agency is now drafting a civil investigative demand to force testimony from leading companies in the space.

Its move adds to scrutiny of OpenAI and Anthropic’s safety practices after researchers warned their models could cause catastrophic harm.

News outlets reported President Donald Trump met executives from OpenAI, Anthropic, Microsoft, Meta Platforms and Nvidia earlier this week, after which the companies signed a voluntary commitment on AI development.

The framework arrived during a dispute over whether safety concerns should slow development.

Anthropic CEO Dario Amodei recently proposed permanent third-party evaluators inside AI companies as part of a wider plan to curb advances in frontier capabilities. OpenAI CEO Sam Altman backed the proposal.

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The US Federal Communications Commission (FCC) adopted rules to open more than 1,000MHz of spectrum through its satellite spectrum abundance order.

The order was approved unanimously yesterday (30 September) by chair Brendan Carr and commissioners Nathan Simington and Anna Gomez.

The spectrum covers the 12GHz and 42GHz bands, which the FCC stated could support a range of connectivity services including satellite broadband to the home, in-flight and on-ship connectivity, and core traffic-routing functions in satellite terrestrial networks.

“We’ve been running our spectrum abundance playbook for pretty much everything in the sky,” Carr said. “We’ve taken multiple actions to free up spectrum for direct-to-device offerings, with much more of that to come in the next few months.”

The agency is also considering opening 1,450MHz in the Ku- and Ka-bands and 138.25GHz in the D-band for expanded satellite communications.

A second proposal would add bands for emerging space operations, including in-orbit servicing, refuelling and manufacturing, lunar missions, spacecraft control, and data transmission.

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Apple reportedly plans to deepen its smart-home push under new CEO John Ternus, starting with the launch of a long-delayed hub on 13 October.

Bloomberg reported the smart-home hub, code-named J490, will feature a roughly 6-inch square display mounted on a perforated speaker base, with the countertop version featuring an arm that allows users to tilt the display. A dedicated wall-mounted variant is code-named J491. The grey aluminium device runs on USB-C power without internal batteries or physical buttons.

The hub will use built-in microphones and a front-facing FaceTime camera to identify household members by voice or appearance, then display their calendars, messages, notes and contacts.

A virtual white ring light will illuminate users approaching in low light, while an iPhone can provide secondary authentication if facial recognition fails. A visitor mode will hide personal information from guests.

The tech giant expects customers to place multiple displays around the home for intercom calls, music streaming and control of HomeKit accessories. In the kitchen, the hub could also provide voice-guided recipes.

The iPhone maker is also updating its supporting accessories. The HomePod mini and Apple TV set-top box will retain their existing designs but gain faster processors capable of running Siri’s upgraded AI models.

The HomePod mini will also be offered in new pink and green colours. Apple is separately developing a premium 9-inch display mounted on a 360-degree robotic arm, as well as a refreshed full-sized HomePod, for later release.

The news site previously reported in March 2026 that Apple’s smart-home display was postponed because its revamped Siri digital assistant was not ready.

While Apple currently offers the HomePod, HomePod mini and Apple TV streaming box, it has long trailed market leaders Amazon and Google for branded smart-home hardware.

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Wilson Connectivity launched weBoost Sky, a signal booster designed to help standard smartphones connect to low Earth orbit satellites from inside moving vehicles.

The company’s CEO Bruce Lancaster told Mobile World Live it ramped up work on the product after T-Mobile US and SpaceX unveiled the T-Satellite service around the 2025 Super Bowl.

“It’s time to productise that,” he recalled telling the weBoost general manager, adding the project drew on Wilson’s earlier research into Starlink and rural connectivity.

The problem weBoost Sky is addressing is that a vehicle’s body can weaken the link between a handset and satellites hundreds of miles overhead.

It supports PCS Band-25, currently used by T-Mobile for its Starlink service. Lancaster said Wilson prioritised the band because T-Mobile and Starlink were furthest into commercial satellite deployment.

Lancaster noted compatible phones can switch between nearby terrestrial Band-25 towers and satellite coverage as needed.

weBoost Sky houses the amplifier and external antenna in a roof-mounted unit roughly the size of a double stack of playing cards. A coaxial cable connects it to a small interior antenna, while power comes through USB-C or a vehicle’s cigarette-lighter socket. The device attaches magnetically, or with an adhesive plate available for aluminium or composite roofs.

“The issue really here is an uplink,” Lancaster said. “It’s not the downlink that’s usually the limiter; it’s the uplink connectivity that’s the problem.”

Its product raises uplink power from about 200 milliwatts to 1 watt, the maximum allowed by the Federal Communications Commission for consumer signal boosters. Mounting the antenna outside the vehicle also limits interference from the roof and low-emissivity glass.

Wilson sees it appealing to forestry crews, field workers and fleets which regularly travel beyond terrestrial coverage explaining he expects the stronger uplink to make satellite messaging more reliable.

Sky went on sale on 28 September for $149.99 through weBoost’s online store, major US retail stores and specialist radio-frequency dealers.

Privately-held Wilson Connectivity, formerly Wilson Electronics, makes its hardware in St George, Utah, and operates an R&D centre in Dallas, Texas and has a location in Cambridge, UK.

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Anthropic is reportedly seeking a valuation of more than $2 trillion in a public listing while also warning in a leaked prospectus AI could pose a catastrophic or existential risk to humanity.

Reuters reported the AI startup recorded a $42 billion net loss in 2025 after reviewing its IPO prospectus. About $34 billion reflected an accounting charge tied to financing which could convert into shares, while compute and infrastructure spending tripled to $7.3 billion.

The filing shows Anthropic faces $518 billion in cloud, compute and infrastructure commitments in the coming years.

Revenue jumped 12-fold to nearly $4.6 billion, though its operating loss widened to $8 billion from $3 billion in 2024.

The prospectus also flagged customer concentration with two customers generating nearly a quarter of 2025 revenue while several were not locked into long-term contracts.

The filing also outlined safety risks exposed by Anthropic’s research, including autonomous systems disrupting code and manipulating information in controlled tests.

Reuters previously reported the IPO could be delayed until after the November US midterm elections. Rival OpenAI is reportedly targeting a listing next year.

Trump weighs in
Speaking at the White House surrounded by tech titans and government officials, NBC News reported President Donald Trump pushed back on heavier AI guardrails.

Flanked by Nvidia CEO Jensen Huang and SpaceX CEO Elon Musk, Trump stated there was agreement among the executives there should be “tremendous self-regulation” by the companies”.

“There’s a belief that there should be tremendous self-regulation, and we automatically have regulation with the Department of Justice, the FBI, all of that,” Trump said.

The news site reported in addition to Huang and Musk, Trump’s AI lunch and summit also included including Anthropic’s Dario Amodei, Meta Platforms CEO Mark Zuckerberg, Amazon founder Jeff Bezos, Alphabet CEO Sundar Pichai, Microsoft CEO Satya Nadella, AMD CEO Lisa Su and OpenAI president Greg Brockman.

While US states, including New York, and communities have put data centre laws or moratoriums in place, Trump said the group of executives “loves local communities, they love our country, and they’re going to work with local communities for the data centres in particular”.

He also stated AI-related data centres “are going to be very popular” across the US due to the efforts of the technology companies in attendance.

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Apple CEO John Ternus (pictured) is reportedly reshaping the company to speed product development and put engineering back at the centre of its strategy.

Bloomberg reported Ternus, who replaced Tim Cook on 1 September, wants to broaden Apple’s device line-up and strip out organisational layers.

Sources told the news agency Apple could move away from its usual product launch cycles and cut some middle-management roles to bring executives closer to engineering teams.

Ternus was previously the company’s SVP of hardware engineering and is reported to believe Apple needs to launch products faster and take more risks to compete in the AI era, while also seeking new revenue as growth in its services business slows.

Bloomberg reported Apple has begun cutting costs.

It reported the hardware engineering division recently cut managers and around six directors responsible for coordinating product schedules and teams.

Restructuring of teams working on Siri, Vision Pro and AI software engineering is also underway and Apple reportedly reduced staff at the Fitness+ group, which develops audio-only versions of its exercise classes.

Bloomberg noted the new CEO is keen to see how AI could cut development cycles and automate some tasks.

It stated Apple has a large product pipeline for 2027 including AirPods with external cameras, its first pair of smart glasses and a redesigned iPhone on its 20th anniversary.

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