Descriptions:
This Bloomberg Technology segment from March 13, 2026, leads with the direct impact of the U.S.-Iran conflict on global AI infrastructure. Meta has formally halted construction on the Persian Gulf section of its major undersea fiber-optic cable network — a high-capacity system designed to connect Africa and the Middle East — after cable installers issued force-majeure notices citing inability to meet contractual obligations due to active missile activity over the Persian Gulf. This follows an earlier pause on the Red Sea segment caused by Houthi attacks in 2025. Together, the two disruptions leave a critical connectivity project stalled on both of its planned routing paths, directly delaying data center expansion across the Middle East and Africa.
The broadcast also reports that Adobe’s CEO will resign amid investor concern about the company’s ability to compete in the AI era — a notable leadership shift at one of the largest creative software companies navigating the generative AI transition. Separately, the S&P 500 index committee is considering rule changes that could fast-track SpaceX’s inclusion following a potential IPO. Oil markets showed Brent crude above $100 per barrel, while the U.S. issued temporary waivers on Russian oil cargo restrictions affecting an estimated 310,000 barrels of refined products.
Ramp CEO Eric Glyman also appears to discuss the company’s acquisition of a UK- and Sweden-licensed fintech platform as part of its European expansion strategy, targeting both multinational companies and European-headquartered businesses.
📺 Source: Bloomberg Technology · Published March 13, 2026
🏷️ Format: News Analysis
