Alibaba Group announced on June 11 that DingTalk founder Chen Hang stepped down as CEO and will be replaced by Chen Yusen. The change follows an AI overhaul that exposed a management rift at the intelligent workplace platform.
A management controversy at the Alibaba-owned platform triggered the leadership shake-up.
The change comes after an AI overhaul exposed a management rift.
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SAP and NTT said Oct. 28 they intend to cooperate on SAP Sovereign Cloud and SAP Business AI. As a first step, they plan to combine SAP Sovereign Cloud On-Site with NTT-managed infrastructure and operations for customers in unnamed "key markets." The companies did not announce financial terms, named markets or a timeline.
Guidewire said Oct. 27 it signed a definitive agreement to buy London-based hyperexponential, an AI underwriting and pricing software provider for commercial insurers, for $1.7 billion in cash plus up to $400 million tied to recurring-revenue targets. Guidewire plans to fund the deal with $1 billion in new term loans from Bank of America and Citibank plus cash on hand. It expects the deal to close in its fiscal second quarter of 2027 and to have no impact on its first-quarter guidance.
SK hynix reported record third-quarter operating profit of 83.33 trillion won, more than seven times the year-earlier level, on AI memory demand. The company said its roughly 100 trillion won 2026 shareholder-return total includes a 40 trillion won buyback announced in August, and approved a 14 trillion won dividend and a 20 trillion won buyback.
Microsoft on Monday announced a new Voluntary Exit Offer for eligible employees in participating teams in the US, Canada, India and the UK at level 70 and below. Chief People Officer Amy Coleman's memo says it "builds on what we learned" from April's Voluntary Retirement Program. About 60,000 people, roughly a quarter of its 223,000 staff, are eligible, the company told GeekWire. A person familiar told CNBC that employees decide in December and leave Dec. 31. Some groups, including sales, aren't participating, and Microsoft says the offer doesn't replace layoffs.
Schneider Electric, NVIDIA and HPE announced a collaboration on Oct 21 introducing Industrial AI Agents at the Edge: OT-monitoring, cybersecurity and energy-optimization agents that run on HPE Private Cloud AI and are managed through Schneider's EcoStruxure Industrial Insights apps. The release gives no availability date; CMPC Chile is cited as a three-year user of Schneider's OTMS monitoring that the agents would build on.
