Axis Bank, Hitachi unveil AI banking, merchant tools

Hitachi Energy (HTHIY) plans a $528M transformer factory in Mississippi, part of a $1.5B U.S. expansion. The facility will create 700 jobs, double production capacity, and start operations in 2029. Production will shift from their existing Crystal Springs plant.

SpaceX signed Luxembourg-based Space Cargo Unlimited as a commercial customer for Starfall, its reusable in-orbit manufacturing capsule, with a 2028 launch date. The mission will carry up to 1 tonne of experiments. SpaceX has also signed Redwire's SpaceMD for a 2028 mission. Starfall, which lacks propulsion, relies on Starship or Falcon 9 for deployment and reentry. SpaceX aims to build early demand for Starfall, similar to its Starlink strategy.

Meta launched Meta One, a paid subscription service offering expanded AI features on Instagram, Facebook, and WhatsApp. Prices range from $7.99 to $499 monthly. The move follows Meta's struggle with AI spending and revenue growth, as reported in its latest earnings.

MediaTek launched the Dimensity 9600 Pro using TSMC's 2nm technology, marking the first flagship mobile chip with this process. TSMC's 2nm contributed 3% of wafer revenue in Q2, with expectations of a steep ramp in H2. Nvidia invested $3.5B in MediaTek, expanding their partnership. TSMC's margins may be diluted by 3-4% due to 2nm ramp costs. Hedge funds increased stakes in both TSMC and Nvidia.

Anthropic integrated its AI assistant, Claude, with Charles Schwab and BlackRock platforms on September 14, enabling financial advisers to access client and portfolio data for meetings and reviews. Schwab's 16,000+ RIAs can connect Claude to its Advisor Center, potentially enhancing platform stickiness. BlackRock provides portfolio analytics, aiming to widen its distribution. Both companies benefit without developing their own AI models, though interoperability and adviser adoption remain key fa

Amazon One Medical expanded GLP-1 care services to 48 states and Washington, D.C., offering two pathways: insurance-covered primary care and cash-pay on-demand virtual care. The service integrates with Amazon Pharmacy for medication pricing and fulfillment, with savings exceeding $400 million. Amazon aims to compete with direct-to-consumer health providers.