Less than 48 hours after Automattic's board placed Matt Mullenweg on leave, Mullenweg told employees he was back "in control" of the company and that the board was again in agreement. 404 Media cited Slack screenshots late Thursday evening where Mullenweg posted "Don't call it a comeback" and linked to LL Cool J's music video for "Mama Said Knock You Out." "Mullenweg's Slack profile picture currently shows him wearing a pirate hat and eyepatch," the report notes. From the report: "Happy to announce the board is back in agreement, and I'm in control of Automattic," Mullenweg wrote in the company-wide Announcements channel on Slack. "A lot happened in the past 48 hours that we need to sort out, and I hope much of it was a misunderstanding, because I have huge respect and regard for those involved." Mark Davies, Automattic's CFO who was set to act as interim CEO according to a statement from Automattic, had his Slack account deactivated as of at least Friday, sources told 404 Media and TechCrunch similarly reported. Davies, Mullenweg, and Automattic did not respond to 404 Media's requests for comment for this story. Techcrunch reported that Mullenweg told them a blog post is forthcoming. On Friday morning, Mullenweg published a blog post on his personal website, titled "Major Life Announcement." In it he announced he's buying a tugboat. "Anybody who's founded a company and had to find good stewards knows that no one will love a thing quite like the original owner, but sometimes you can find the perfect person to carry the torch," he wrote in the blog. He did not address the confusion surrounding his status at Automattic. The back-and-forth follows years of legal fights, layoffs, employee departures, and controversy surrounding Mullenweg's leadership.

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Automattic's board has placed founder and CEO Matt Mullenweg on a paid leave of absence against his will, with CFO Mark Davies taking over as interim CEO. The reason for the move remains unclear, but it follows years of legal fights, layoffs, employee departures, and controversy surrounding Mullenweg's leadership. TechCrunch reports: Earlier Wednesday, Mullenweg posted in a Slack channel visible to all employees that the company's chief financial officer, Mark Davies, had "conspired" with other board members Ann Dunwoody, Toni Schneider, and Sue Decker to vote to put Mullenweg on a paid leave of absence. The message read: "And the biggest news: I won't be able to make the [meeting] tomorrow. @Mark Davies has conspired with @Ann Dunwoody, @Toni, and @Sue Decker behind my back and they voted to put me on a paid leave of absence. I voted against that. Wishing Mark and all of you the very best. To clarify @Mark Davies was voted as interim CEO. I received the resolution 50 minutes before the meeting start, and requested repeatedly for time to have it reviewed by independent legal counsel, even a few hours, which was denied." A Slack message to the open source WordPress.org community from the project's executive director, Mary Hubbard, also confirmed Mullenweg's change of status at the commercial company. However, Hubbard said that WordPress.org was not impacted. "Matt remains the leader of the WordPress project and I remain Executive Director of WordPress. Our teams, priorities, and work continue as planned," she wrote.

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Uber is laying off about 3,300 employees, or roughly 10% of its workforce, as part of a restructuring aimed at cutting management layers and redirecting investment toward ridesharing, delivery, and robotaxis. CEO Dara Khosrowshahi announced the changes in an internal email that was also published online.TechCrunch reports: According to the email, the layoffs are part of a restructuring exercise that would shrink the number of managers by 20%, and some personnel in these roles would work as individual contributors going forward. The ridesharing giant is reducing the number of teams with one or two members by 50%, and letting go staff who are "more than seven layers down from the CEO," per Bloomberg. Khosrowshahi's email said the company is combining its engineering, science, and delivery divisions. The company is also bringing together its delivery operations across restaurants, retail, and direct divisions. Remote jobs at the company are going away, too, with Uber only allowing less than 1% of its staff to work remotely.

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Dell reported record fiscal Q2 results as AI server demand surged, booking $60.9 billion in AI server orders and ending the quarter with a $95 billion backlog. From a report: The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share. "With AI momentum accelerating and our opportunity expanding across the portfolio, we're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year," said Jeff Clarke, CEO of Dell Technologies, in the company's earnings release. Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally to run agentic AI queries. Dell stock is up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), which also moved up 110% since the start of the year, jumped in after-hours trading.

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GoPro plans to expand into AI infrastructure through a $285 million merger with optical-photonics company Starman Optical, whose transceivers will give the action-camera maker a foothold in the fast-growing data center market. GoPro also plans to push into defense, robotics, aerospace, and government markets while continuing its existing camera business. Engadget reports: Starman's optical transceivers are expected to fall under its umbrella, "extending the Company's reach into the large and rapidly growing market for AI infrastructure in optical transceivers," according to a press release. GoPro is also planning a push into the defense, government, robotics and aerospace sectors, bolstered by the combined company's IP, optics and imaging capabilities. [...] As Reuters notes, GoPro briefly reached a valuation of $4 billion on its first day as a publicly traded company in 2014. Its stock has struggled in recent years, but the share price received a boost on Monday when it was revealed that YouTuber and filmmaker Markiplier (Mark Fischbach) had become GoPro's largest individual shareholder after acquiring an 8.5 percent stake. The move follows a similar pivot made by the struggling shoe retailer Allbirds in April when it announced a pivot to AI compute infrastructure, sending the stock soaring more than 700%.

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John Ternus has officially taken over as Apple CEO after 15 years under Tim Cook, stepping up from his role as senior vice president of hardware engineering. A 25-year Apple veteran who helped oversee products including AirPods, Apple Watch, Vision Pro, Apple silicon, and the new MacBook Neo, Ternus now inherits the challenge of pushing Apple forward in AI while Cook stays on as executive chairman. TechCrunch reports: Ternus has worked at Apple for nearly half of his life -- now 51 years old, he has been with the company for 25 years. He joined Apple's product design team in 2001 as only his second job out of college (his first was at a small maker of virtual-reality devices called Virtual Research Systems). By 2013, Ternus was a VP of hardware engineering and was promoted to the SVP role in 2021. [...] Ternus previously reported to Cook, who he considers a mentor, and led all of hardware engineering at Apple. That's a pretty big deal for a company that's known for ubiquitous hardware like the iPhone and the MacBook. [...] Ternus' earliest project at Apple involved scrutinizing parts for the Apple Cinema Display, an early desktop monitor. "At some point in my first year, I found myself at a supplier facility. I was far away from home. Well past midnight, I was using a magnifying glass to count the number of grooves on the head of a screw ... and I was arguing with the supplier because these parts had 35 grooves. They were supposed to have 25," Ternus recalled in his commencement speech. "I distinctly remember stepping back for a minute and thinking, 'What the hell am I doing? Is this normal?'" As Ternus climbed the corporate ladder, his responsibilities grew. He may no longer spend as much time analyzing screws, but he still seems to take pride in getting the little details right. In a recent interview, when Ternus was asked about his favorite memory of Steve Jobs, he mentioned the former Apple co-founder's attention to craftsmanship. "[Jobs] was moving a piece of furniture, a chest of drawers, and pulled it away from the wall and looked at the back and was just reflecting on, you know, that the carpenter who made it had made it beautiful," Ternus said. "It finished the back as beautifully as the rest of it, even though nobody was going to see it, right? And I think about that all the time because I think that perfectly exemplifies what we do here." From there, he went on to lead the hardware development behind products across the Apple ecosystem, overseeing launches like AirPods, Apple Watch, and the Vision Pro. He also had a hand in major technical upgrades at Apple, like Apple's transition from Intel chips to its own proprietary Apple silicon. Most recently, Ternus was involved in the production of the MacBook Neo, Apple's new, more affordable laptop model that lowers costs through some clever trade-offs in hardware design, like using an iPhone chip to power the device. "We never want to ship junk. We want to ship great products that have that Apple experience, that Apple quality. To do that with the Neo required building something completely new from the ground up ... leveraging both the technologies we'd been developing like Apple silicon, but also the kind of expertise that we've developed over many, many years of building Macs, and building phones, and building iPads, and all of these things," Ternus told Tom's Guide.

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Anthropic has reportedly signed a $35 billion cloud-computing deal with Nvidia-backed Lambda for a roughly 350-megawatt Texas data center being developed by Hut 8. "Lambda will install Nvidia chips at the Hut 8 facility, with the arrangement designed to expand the pool of Nvidia computing resources available to power Anthropic's Claude AI products," reports Quartz. From the report: The arrangement is a further sign of how Nvidia is positioning itself as a facilitator of computing access across the AI industry. It also benefited Lambda, which counts Nvidia as an investor and was able to land a major Anthropic contract without having to independently source or lease the underlying data center space, according to the Journal. The data center covers roughly 350 megawatts of capacity, according to Bloomberg. Hut 8, which began as a bitcoin mining company before moving into AI data centers, disclosed in July that an investment-grade customer had signed 15-year leases for its Texas campus, with a base contract value of $19.6 billion, without naming the tenant. The Lambda deal is the latest in a series of large computing agreements Anthropic has pursued. Last week, the company agreed to spend $45 billion to rent capacity from Nscale's West Virginia data center campus. It has also signed deals worth $50 billion with neocloud Fluidstack Ltd. and $45 billion with SpaceX, according to Bloomberg.

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An anonymous reader quotes a report from 9to5Mac: Today is Tim Cook's last day as Apple CEO, with John Ternus set to take over tomorrow. To mark his last day in the role, Cook penned an emotional memo to Apple employees today. In the memo sent to employees this morning and obtained by 9to5Mac, Cook reflects on his time at Apple and thanks employees for all of their work. He also says he takes "enormous comfort in handing the helm to someone as brilliant and wonderful and capable" as John Ternus. "Few people understand what it takes to build products that change the world the way John does and I could not be more excited for his leadership," Cook writes. "There is something truly special about Apple," writes Cook. "I am most proud of what an annual report could never capture. This place is proof that culture triumphs over everything. We share a belief that what we build matters, and that we have both the opportunity and the responsibility to leave the world better than we found it. That purpose is part of what makes this place extraordinary. Apple helps nurture it, but I believe it lived within each of you long before you arrived here. It is what brought you to this company and what continues to drive the work you do every day." He continues: "Together, we have created something far greater than any one of us could have imagined or accomplished alone. And that's the secret to our success. We bring out the best in each other. We lift each other up. We have made it possible to leave our 'dent in the universe,' as Steve once described it, because of who we are and what we believe, because of what we value and how we see the world. How fortunate we are. How fortunate I am..." Cook also thanked the Apple community in a post on social media, writing: "Sending lots of love to the Apple community on my last day as CEO. My title changes tomorrow, but the love I have for the Apple community never will. Thank you for being a constant source of inspiration. My gratitude is endless, and I'm excited for the next chapter!"

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Stripe and private equity firm Advent International have ditched their $53 billion pursuit of PayPal, ending a deal that would have been the largest fintech acquisition ever. "Stripe last week agreed to pay $8 billion for AI model marketplace OpenRouter, but a source said that the OpenRouter and PayPal deals were operating on independent tracks," reports Axios.

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The Information reported on Wednesday that Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion. "Deal talks began after Hugging Face, an open-source AI platform developers use to collaborate, test and share tools, received acquisition interest from another suitor," reports CNBC, citing the (paywalled) report. Business Insider separately reported the acquisition talks. From CNBC: If completed, the acquisition would put one of the most widely used platforms for sharing and working with open-source AI models under Nvidia's ownership, expanding the chipmaker's reach further into the software and model ecosystem. Siddy Jobe, a fund manager at Eonopolis Exponential Technologies funds, said it made sense for Nvidia to target a company like Hugging Face, as Nvidia has made it clear that it is not looking to discriminate between closed and open-source models. "I think Nvidia is very much a community, a platform-based company, and in that respect, I think Hugging Face fits perfectly within that. There is this five-layer cake from Nvidia, and foundational models are one of them," Jobe told CNBC's Squawk Box Europe on Thursday. "It is clear that Nvidia wants to be integrated in the entire stack vertically, going from energy to foundational models and also to applications," he added.

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Amazon has agreed to acquire DuckLabs, bringing the team behind the popular open-source DuckDB database into AWS. "The deal fits Amazon's broader push to turn S3, its flagship cloud storage service, into a place where customers analyze data rather than just store it," reports GeekWire. "It gives Amazon a team experienced in building fast, lightweight analytics software that runs directly against data sitting in cloud storage." The DuckDB project itself will remain free and open source under the MIT license, overseen by the independent DuckDB Foundation. From the report: Employees of DuckLabs will join Amazon Web Services, including co-founders and DuckDB creators Hannes Muhleisen and Mark Raasveldt, who will continue leading the team and setting the project's technical direction. They will remain based in Amsterdam, where the team will continue developing DuckDB and related projects. [...] Financial terms were not disclosed. Amazon said it has signed a definitive agreement and expects the acquisition to close shortly. DuckLabs said it expects to become part of AWS in early September. Jordan Tigani, the CEO of MotherDuck, which sells a cloud service built on DuckDB, sees Amazon's acquisition as a predictable move to turn DuckDB's growing popularity into an AWS business. "That's Amazon's playbook, after all: wait until an open source project gets big enough, then launch it as a service," he wrote in a blog post, adding that "they're not acquiring Duck Labs just because they love open source." Tigani also believes the deal could ultimately strengthen DuckDB, since Amazon has an incentive to keep the project open and widely adopted: "If DuckDB becomes the standard, it is going to drive a lot more compute on their infrastructure, which is where they make their money."

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