Tuesdays and Wednesdays, depending on your region, the server’s software is updated and the region restarted. New versions are rolled out early morning. On Tuesday it is the new Production version that is rolled out. On Wednesday a new Release Candidate is rolled out to the test regions. The Tuesday process takes between 4 and 5 hours.
The changes just rolled out and upcoming changes are discussed in Server Beta Office Hours. Here are the things I found interesting from the latest Server Beta office hours. One is a big one for builders.

