iWorld
Myleeta Aga quits Netflix
KOLKATA: Following an internal realignment of the southeast Asia and Australia content teams, Myleeta Aga has moved on from Netflix. Aga joined the streaming service in 2019 after a decade-long stint at BBC Studios.
She was mandated to head content operations for southeast Asia and Australia. “It’s been an amazing year! I am proud of the work that our team has done, putting Southeast Asia and Australia on the map for Netflix, and showcasing the phenomenal potential of the creative community across these countries to audiences at home and around the world. I believe in the power of great stories, and I am confident in the success that lies ahead,” she said as quoted by Variety.
According to the report, Seoul-based Kim Minyoung will oversee content planning in the region. Aga’s departure is a result of Netflix’s country-specific focus in the region, rather than having a centralised control. The platform has also thanked Aga for her contributions.
e-commerce
American Express to acquire AI startup Hyper to boost automation
Deal targets expense management as AI reshapes corporate spending tools.
MUMBAI: From receipts to robots, the expense sheet is getting a brain upgrade as American Express moves to bring artificial intelligence into the heart of corporate spending. The company has announced plans to acquire Hyper, a relatively young but fast-rising startup founded in 2022 that builds AI-powered agents capable of organising expenses, generating reports, verifying compliance with budgets and policies, and nudging users with timely reminders. The deal, expected to close in the second quarter of 2026, underscores a growing shift among financial institutions to automate traditionally manual, time-heavy workflows.
Hyper counts Sam Altman among its backers, adding a layer of Silicon Valley credibility to the acquisition. While financial details remain undisclosed, the strategic intent is clear: deepen automation capabilities and sharpen American Express’s position in the competitive corporate spending ecosystem.
The two companies are not strangers. They previously collaborated in 2024 on a co-branded credit card product, suggesting that the acquisition is less a cold buy and more an extension of an existing relationship. With this move, American Express is effectively bringing that capability in-house, aiming to embed AI directly into its commercial services stack.
Chief executive Stephen Squeri had already signalled the direction of travel in a recent shareholder letter, describing AI as a “structural shift” in how businesses operate. The Hyper acquisition appears to be a direct response to that shift, particularly in expense management, where processes such as approvals, compliance checks and reporting remain ripe for automation.
Alongside the acquisition, the company is also expanding its product suite. A recently launched business credit card offers cashback and benefits at an annual fee of $295, with another card expected later this year moves that complement its broader push into commercial services.
Taken together, the strategy points to a future where managing expenses may require fewer spreadsheets and more algorithms. For American Express, the bet is simple, if businesses are rethinking how work gets done, the tools that power that work need to evolve just as quickly.
