Oracle has initiated a new round of layoffs, with some teams experiencing double-digit layoff ratios, aiming to cut costs and support AI infrastructure.

Recently, during the Executive Meeting of the State Council, a strong emphasis was placed on the importance of adhering to the principles of rational distribution and standardized procedures. The meeting highlighted the necessity of further enhancing computing power infrastructure, fostering the research, development, and deployment of pivotal technologies and equipment, and constructing a multi-tiered, interconnected computing power system.

Oreid (600666.SH) has declared its strategic initiative for 2026, which involves issuing A-share stocks to targeted investors with the objective of raising a maximum of 868 million yuan. Following the deduction of issuance-related expenses, the proceeds will be allocated towards the establishment of a sapphire production base in Inner Mongolia, the development of a domestic server cluster in the western region, and the replenishment of working capital.

Runze Technology has disclosed its intention, alongside all its subsidiaries encompassed within the consolidated financial statements, to pursue an augmented credit facility from pertinent financial institutions. This is to be done in addition to the existing credit line, with the cumulative sum not surpassing RMB 50 billion (or its equivalent in foreign currency). The credit facility will encompass a diverse array of services, including but not limited to working capital loans, fixed asset loans, project financing, acceptance bills, guarantees, letters of credit, bill discounting, supply chain financing, accounts receivable factoring, and financial leasing. The precise financial institutions for collaboration, the ultimate financing quantum, and the specific modalities will be ascertained through subsequent discussions with the financial entities, culminating in the execution of formal agreements.

The Shanghai Financial Regulatory Bureau has released the Opinions on Fostering the Enhancement of Quality and Efficiency in Technology Finance within Shanghai's Banking and Insurance Sectors, with a strategic vision to diversify corporate financing avenues. This initiative encompasses directing insurance funds to amplify their capital allocations to venture capital, equity, and M&A funds operating in Shanghai. It also encourages insurance entities to establish private equity and securities investment funds, with a particular emphasis on nurturing strategic emerging industries and cutting-edge technology sectors. Concurrently, the bureau seeks to forge deeper collaborations between banks and diverse funds, propel the pilot equity investment schemes undertaken by financial asset investment firms in Shanghai, and empower asset management institutions to leverage a blend of debt and equity instruments. This multifaceted approach aims to deliver holistic financial services tailored to the unique needs of technology firms at various stages of their growth trajectory.

On September 14, sources revealed that during recent institutional research, Xingyun Technology announced that, as of September 8, 2026, it had secured long-term framework orders for computing power over a five-year period, totaling 16.004 billion yuan. These clients encompass high-caliber enterprises, including leading listed companies of central state-owned enterprises and top-tier large model manufacturers. Such clientele boasts strong loyalty and a high degree of performance assurance. In July, the company successfully executed price adjustments and capacity expansions for three key orders. The company's core long-term orders are structured around a model of 'monthly delivery, monthly payment collection, and monthly revenue recognition', guaranteeing a consistent and sustainable revenue stream. The initial deliveries to Customer V, Customer VB, and Customer VC have already been leased out, with revenue recognized starting from August. The corresponding performance will be reflected in the company's third-quarter report; furthermore, deliveries to Customer VD are expected to be finalized within the next 60 days.

The National Data Administration, in collaboration with the Ministry of Education, has announced that China will implement four pivotal strategies to expedite the cultivation of interdisciplinary talents in the digital economy sector, aiming to propel its robust growth. The specific strategies encompass:
The establishment of a National Teaching Steering Committee for the Digital Economy, which will comprise around 70% university representatives and 30% industry experts. This committee will prioritize interdisciplinary studies, the seamless integration of industry and education, as well as the fusion of science and education. It will be tasked with guiding the development of digital economy majors, curriculum design, textbook compilation, and teaching reforms.
The development of core courses, textbooks, and the assembly of core faculty teams, along with the establishment of core practical projects. This will involve incorporating cutting-edge technologies, such as large-scale models and intelligent agents, into classroom training to enhance the learning experience.
The provision of essential resource support to universities, including computing power services and high-quality datasets, to facilitate research and innovation in the digital economy field.
The creation of multiple national-level education platforms, innovation platforms for the integration of industry and data elements, and distinctive practice bases in the digital economy domain, to foster a conducive environment for talent development and industry collaboration.

On September 14, Firmus Technologies Pty, a leading data center provider, unveiled its plans to launch an initial public offering (IPO) in Australia, with ambitions to raise up to $5 billion and a target listing date set for late October. However, negotiations are still in progress, and the specifics of the offering—including its final size and timing—are subject to change. Based on available data, this IPO has the potential to rank among the largest in Australian history, rivaling the scale of Medibank Private’s 2014 debut, which raised close to $5 billion. This development is expected to deliver a significant boost to Australia’s primary market, as fundraising totals so far this year have barely surpassed $1 billion, a stark contrast to the more than $2 billion raised in each of the two preceding years. Notably, the Australian company has already secured contracts with several U.S. tech behemoths ahead of its listing, including a deal with OpenAI to supply computational support from two data center facilities in Malaysia.

US stablecoin issuer Circle has acquired Singaporean payment company Tazapay for $400 million to gain access to local payment channels in emerging markets and expand the global reach of its USDC stablecoin in the payments sector. This move indicates that stablecoin competition is accelerating its shift toward emerging markets, with Circle aiming to enhance its payment infrastructure through the acquisition and boost the adoption of USDC in cross-border payments.

On September 14, Hiview Data stated on an interactive platform that its computing resources have not yet been included in the unified scheduling system of the national computing network. Currently, it adopts a market-oriented operation model, primarily providing computing power leasing and integrated training and inference services for leading internet companies and AI large model manufacturers.

During the trading session, Lenovo Group (00992) defied market trends, experiencing a remarkable surge of over 5%. As of the latest press time, it had registered a gain of 2.75%, with its shares trading at HK$32.16 and a substantial turnover of HK$866 million. Data released by IDC regarding the global server market for the second quarter of 2026 reveals that Lenovo's revenue in the global x86 server sector soared by 96.0% year-on-year and 46.9% quarter-on-quarter, firmly establishing it as the second-largest player on the global stage. Its shipment volume also witnessed a significant increase of 45.6% year-on-year, ranking it first in terms of growth rate among major vendors and, for the first time, crowning it as the global leader in shipments.
Moreover, Dell's stock price hit an all-time high last Friday, buoyed by better-than-expected financial results and an upward revision of its full-year guidance. Oracle, on the other hand, reaffirmed its capital expenditure plan of $90 billion to $95 billion for fiscal year 2027, with a focus on expanding AI data centers and related infrastructure. Dell and HPE are set to be the primary contractors for this ambitious project.

At the conference, Thomas Kurian, CEO of Google Cloud, highlighted that the average payback period for Google Cloud’s AI servers is under two years. Meanwhile, its self-developed chips achieve payback in just half the time compared to traditional GPU solutions. The business volume of Google Cloud’s self-developed AI accelerators now exceeds twice that of the world’s second-largest hyperscale data center operator. By maintaining full control over its supply chain, Google Cloud has slashed the prices of products like Gemini Flash 3.8 to half or less of the industry average, achieving cost-effectiveness advantages of 2.7 times in AI training, 80% in AI inference, and 30% in CPU operations, respectively. Additionally, the operational costs of Gemini Enterprise—Google Cloud’s enterprise-level AI platform—for machine learning models are just 40% of those of its competitors, while delivering superior accuracy. Currently, over 90% of Fortune 100 companies have chosen Google Cloud as their AI infrastructure solution, with the majority of its cloud infrastructure contracts structured as long-term, five-year agreements.

Based on information from sources well-informed about the situation, Anthropic has entered into a six-year computing power procurement agreement worth $13.7 billion with the Rum Group. The Rum Group has its roots in the social media sphere and has maintained long-standing connections with the Trump administration. In the face of the surging demand for Claude Code and Cowork products, this agreement represents Anthropic's most recent significant cloud computing deal in the past year. Prior to this, Anthropic has established partnerships with prominent cloud service providers such as Google, tech firms like SpaceX, and up-and-coming smaller cloud vendors including Nscale. Collectively, these agreements ensure a supply of at least 14.8 gigawatts of computing power, with the potential for total investments to climb up to $517 billion over the next ten years. The partnership with the Rum Group is set to further bolster Anthropic's computing capabilities.

On September 14th, news emerged that Beijing Economic-Technological Development Area had successfully rolled out its inaugural batch of 'Yiqi Token Loans', boasting a combined credit limit of close to 2 billion yuan. This marks the city's pioneering venture into computing power token-based lending. This innovative financial product transcends conventional credit assessment frameworks by leveraging enterprise token utilization and the contractual value of computing power services as pivotal credit determinants. It incorporates holistic evaluations, encompassing technological innovation barriers and team proficiency, to forge a novel financing avenue for technology startups. A consortium of six banks, including the Agricultural Bank of China and CITIC Bank, have extended credit facilities to assist enterprises in surmounting funding obstacles.

On September 14, sources disclosed that Anthropic has inked a six-year computing agreement worth $13.7 billion with Rum Group. Rum Group, which has associations with the social media sphere and has had enduring ties with the Trump administration, was founded in 2013. Initially, the company positioned itself as a YouTube alternative tailored for small content creators and garnered significant attention from conservatives following the 2020 U.S. presidential election. Notably, Rum hosts Trump's Truth Social platform and also broadcasts official White House live streams.

This latest deal marks another milestone in Anthropic's series of cloud computing agreements clinched over the past year. Previous collaborators include leading cloud service providers like Google, tech giants such as SpaceX, and emerging smaller cloud entities like Nscale. The driving force behind these partnerships is the soaring demand for Anthropic's Claude Code and Cowork products. Collectively, these agreements represent a substantial computing capacity of at least 14,800 megawatts, with potential costs escalating up to $517 billion over the next decade. The Rum deal is poised to further augment this impressive total.

The inaugural batch of ChiNext computing power infrastructure Exchange-Traded Funds (ETFs) has secured regulatory approval for issuance. Among them, the product offered by Tianhong Fund is poised to take the lead, with its launch scheduled for September 16. Fundraising data reveals that individual investors hold a significant 93.72% stake in these shares, underscoring the market's fervent interest in allocating resources towards computing power hardware. Although the semiconductor sector is currently navigating through a volatile phase, the enduring rationale underpinning the computing power industry remains steadfast. For short-term investments, a degree of patience is warranted, as the investment strategy has evolved from 'blindly following the trend' to a more nuanced approach of 'strategic positioning and awaiting favorable catalysts'.

At the 2026 China Computing Power Conference, YOFC unveiled a groundbreaking achievement: the transmission loss of its anti-resonant hollow-core fiber has been minimized to an unprecedented 0.032 dB/km. This milestone not only sets a new global benchmark but also solidifies China’s technological leadership in this cutting-edge domain. Through meticulous structural optimization, the fiber achieves a significant reduction in transmission loss, ensuring unparalleled performance. In collaboration with China’s three leading telecom operators, the fiber has undergone rigorous validation across diverse operational scenarios, paving the way for its global large-scale deployment. To date, over 10,000 core-kilometers of this advanced fiber have been deployed, with the longest commercial line extending 100 kilometers and encompassing 13 projects. This achievement delivers high-performance transmission solutions tailored to multiple industries. Furthermore, YOFC demonstrated robust performance in the first half of 2026, with notable growth in key financial metrics, including revenue and net profit.

In September 2026, Microsoft’s hyperscale AI data center project at Skelton Grange, Leeds, UK, encountered fierce pushback from local residents, with a petition against the project amassing 40,000 signatures. The site, initially earmarked for a power station, covers approximately 65.6 hectares and envisions the construction of three buildings with a combined floor space of 46,500 square meters. Residents have voiced concerns that the data center’s operations will lead to substantial water consumption, intensify the effects of high temperatures exacerbated by climate change, and drive up local energy costs. While the Leeds Planning Committee has granted conditional approval, the project cannot proceed without final authorization from the Chief Planning Officer, leaving its future in limbo. Opponents are seizing this opportunity to prevent the project from moving forward, with some even contemplating legal action.

On September 13, the "Space Computing Industry Ecosystem Forum," a key event within the 2026 Pujiang Innovation Forum, convened in Shanghai. During this forum, the ambitious "Pearl Constellation Plan" was officially unveiled. This initiative is set on constructing a colossal, gigawatt-scale space-based computing constellation, with a keen focus on conducting in-orbit validations across several cutting-edge domains. These include domestically manufactured computing payloads, optical computing systems, and innovative energy solutions. Following these validations, the plan envisions the launch of the inaugural batch of satellites and the subsequent establishment of a large-scale satellite network. The ultimate objective is to create, by 2030, a globally encompassing, space-ground collaborative, autonomous, and controllable space intelligent computing infrastructure and service network.

At the inaugural event of the Computing Power China Expo, Du Yujian, the Technical Director of the Brain-Inspired and Optical Laboratory at China Mobile Cloud, presented a cutting-edge heterogeneous hybrid inference system tailored for large-scale model inference tasks. This system leverages an innovative 'brain-inspired chip + domestic GPU' architecture, positioning itself as a formidable competitor to NVIDIA's Vera Robin + Groq solution. By integrating Lingxi Technology's brain-inspired chip with Iluvatar CoreX's GPU, the system not only achieves more than double the performance boost compared to similar GPU clusters in DeepSeek V4 Flash inference scenarios but also cuts operational costs by over 40%, ensuring self-sufficiency and enhanced controllability. The incorporation of brain-inspired computing capabilities offers robust support and complements existing GPU resources, paving the way for a new era in high-performance computing.