Latest Technology News and Reviews

Trickle-down effect of NIH funding battle worries healthcare analysts and medical experts

NIH funding was set to be cut Monday until a federal judge stepped in and delayed the impact. Some health experts and analysts are still concerned.

Wall Street's Apple euphoria 'misplaced,' Jefferies analyst says

Apple is reportedly preparing to launch its next iPhone SE, but one analyst warns against being too optimistic about the phone's impact on Apple's bottom line.

Apple Brings TV+ to Android Phones in Bid to Boost Subscribers

(Bloomberg) -- Apple Inc. expanded the TV+ video service to Android phones for the first time, a move aimed at boosting its streaming subscribers.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysOn Wednesday, the TV+ app became available via the Google Play Store as a free download. The service,

OpenAI Plans to Release New GPT-4.5 Model in Weeks, Altman Says

(Bloomberg) -- OpenAI is nearing the release of a new artificial intelligence model called GPT-4.5 after hitting stumbling blocks in developing the AI system last year. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysIn a series of posts on social network X on Wednesday, OpenAI Chief Executive O

Tech companies laying off staff are still hiring — especially in AI

As layoffs continue to sweep across tech companies, firms continue to hire. Some even plan to grow their head count this year.

Meta is winning over Wall Street while the rest of Big Tech struggles

Tech stocks are off to a tough start this year. Well, except for Meta.

Chevron to lay off up to 20% of global workforce

HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Meanwhile, its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana's lucrative oilfield is in limbo due to a court battle with larger rival Exxon Mobil, which has outperformed it with production growth, achieving record production in Guyana and the biggest oilfield in the United States.

US companies get more latitude to bar shareholder resolutions from their ballots

(Reuters) -The top U.S. securities regulator revised guidance on Wednesday to make it easier for companies to avoid bringing shareholder resolutions to a vote at annual meetings, undoing a 2021 change and a potential blow to activist campaigns on social, environmental and governance issues. Among other things, the SEC said it will now consider certain company requests to leave resolutions off proxy statements on a case-by-case basis rather than focusing on whether a proposal raises a broad social issue, as it had under previous policy, according to a legal bulletin on the agency's website. Shareholder resolutions have become the centerpiece of many corporate meetings in recent years as investors took new interest in matters like climate change or workforce diversity.

Oracle’s Ellison Calls for Governments to Unify Data to Feed AI

(Bloomberg) -- Oracle Corp.’s co-founder and chairman Larry Ellison said governments should consolidate all national data for consumption by artificial intelligence models, calling this step the “missing link” for them to take full advantage of the technology. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Th

Global marine fuel sales jump in 2024 on Red Sea diversions

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts. Rotterdam marine fuel sales, also called bunker fuel, rose 12% in the first quarter of 2024 to 2.16 million tons, or about 38,000 bpd from the previous three months, according to Rotterdam port authority data, and held above that level for the rest of 2024. "Diversions have indeed increased tonne mileage due to longer routes which has boosted demand for fuels in ships," said Aldo Spanjer of BNP Paribas.

The Trump premium isn't being baked into Meta's stock: Analyst

Meta's stock is reacting more so to fundamentals than Zuck's closer proximity to the White House.

Meta Accounting Move on AI Servers to Boost Profit This Year

(Bloomberg) -- Meta Platforms Inc. made a small change last month that’s likely to increase the company’s profit by billions of dollars this year. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysIt wasn’t the release of a new product or cost cuts. It was a tweak to an accounting formula used to

Exxon seeks permit for its eighth oil, gas project in Guyana as output rises

A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production, and to explore another well at its massive offshore block, the head of the U.S. oil major in Guyana said on Wednesday. Exxon plans to boost output capacity this year to 940,000 barrels per day (bpd) versus the 616,000 bpd it produced in 2024 after upgrades at two of its three floating oil facilities and the arrival of a fourth vessel, Alistair Routledge, president of Exxon Guyana, said at a press conference.

Nvidia Shares No Longer Bulletproof as DeepSeek Fears Linger

(Bloomberg) -- Nvidia Corp. investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that fears of a slowdown in AI spending aren’t going away.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysNvidia shares slumped 17%

Why Amazon's stock has surprising upsides

The bulls cling to the bullish Amazon narrative.

Dominion Energy's data center growth continues to accelerate

The Richmond, Virginia-based utility expects to spend $50.1 billion from 2025 to 2029, up from its previous estimate of $43.2 billion. "What's undeniable is that data center growth in Virginia is not slowing down," Dominion Chief Executive Robert Blue said on a conference call. U.S. power demand is expected to hit record highs in 2025 and 2026 due to growing demand from data centers dedicated to artificial intelligence and cryptocurrency, and from homes and businesses for heat and transportation, according to the U.S. Energy Information Administration.

MyFitnessPal to Offer Personalized AI Meal Planning After Quietly Buying Startup

(Bloomberg) -- MyFitnessPal, the food and calorie-tracking app, bought an artificial intelligence startup and will soon debut AI-powered meal plans, a feature the company hopes will boost sign-ups and subscriptions.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe acquisition of meal-planning

OPEC sticks to 2025, 2026 global oil demand growth forecasts

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 1.45 million barrels per day (bpd) in 2025 and by 1.43 million bpd in 2026. Both forecasts were unchanged from last month.

Exelon boosts capex plan by $3.5 billion, mostly to bolster power lines

Many U.S. power companies have revised up capex plans over the past year as the proliferation of AI data centers and the electrification of industries like transportation grow power consumption. Aging and the lack of high-voltage power lines and electricity generation are expected to present a key challenge in meeting growing electricity demand, while storms and other climate-driven events batter the existing grid. "There is no single answer to meeting the levels of load growth that are anticipated, but instead, a variety of solutions," said Exelon CEO Calvin Butler, who added that the company is engaged in discussions around dozens of proposed state legislations related to the country's power industry.

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October, disrupting trade with major importers China and India. U.S. President Donald Trump last week restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.

Biogen expects lower 2025 profit as multiple sclerosis drugs face fierce competition

Investors fled the company's stock in 2024 as a slow US launch of Leqembi, the Alzheimer's disease drug it sells with Japan's Eisai, exacerbated worries of declining sales of its multiple sclerosis drugs. The company in 2022 hired as its top boss former Sanofi CEO Christopher Viehbacher, who launched a $1 billion cost-savings plan and entered deals such as its $6.5 billion acquisition of Reata Pharmaceuticals in 2023.

Super Micro Gains on Long-Term Forecast, Pledge on Filings

(Bloomberg) -- Super Micro Computer Inc. rose in premarket trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq Inc. deadline to file audited financial results.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysSales will be $40 billion in the

Morning Bid: Calm descends as inflation, tariffs parsed

Hyperactive U.S. policy moves appear to have frozen macro markets this week, with Wednesday's key U.S. inflation release set to hold Federal Reserve boss Jerome Powell's benign take on economy up to the light. Powell basically told Congress on Tuesday that the economy was fine and that Fed policy was sufficiently well calibrated to deal to with uncertainties surrounding the new government plans - credit is still 'restrictive' while they wait and see. "We are in a pretty good place," Powell told the Senate committee - citing tariffs, immigration, fiscal and regulatory policy as the key variables the Fed will "try to make sense of".

Why the 'best hedge' against the AI rally losing steam in 2025 is healthcare: Morning Brief

Investors have largely abandoned much of the healthcare space in favor of tech. But as tech falters, some strategists see the underrated sector as being the perfect tech hedge.

SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI

(Bloomberg) -- SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s public holdings, just as Masayoshi Son campaigns to raise $500 billion for the Stargate artificial-intelligence project. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think

Moonshot firm ispace upbeat as Trump keeps Artemis lunar missions with Japan

Tokyo-based moon exploration company ispace is heartened by signs the United States and Japan will remain on course for joint lunar missions, its CEO said on Wednesday, amid growing uncertainties in U.S. space policies under Trump 2.0. The view by ispace chief executive Takeshi Hakamada came after a meeting last weekend between U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba reaffirmed a "strong partnership" for future Artemis moon surface exploration. While the second Trump term's space priorities remain unclear, given the influence of SpaceX CEO Elon Musk who has a greater focus on Mars exploration, the sign of continuity in international programming could have reassured Artemis partners.

Elon Musk's xAI plans massive hiring spree of thousands to train Grok, employees say

The company currently employs over 900 tutors and has plans to beef up even more this year, employees told BI.

Temu, Shein See US Sales Drop After Trump Targets China Trade

(Bloomberg) -- Online shopping giants Temu and Shein have seen a sustained drop in sales in the week after US President Donald Trump scrapped a duty exemption that their small parcels benefit from, suggesting a chilling effect on American consumers who previously flocked to their ultra-cheap wares.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena

Hon Hai Says It’s Open to Buying Renault’s Stake in Nissan

(Bloomberg) -- Hon Hai Precision Industry Co. is open to buying Renault SA’s stake in Nissan Motor Co., a move that may offer the struggling Japanese carmaker a lifeline.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe Taiwanese company has approached Nissan and Honda Motor Co. about potentia

Companies warn of more pain as Trump tariff threats escalate

Supermarket group Ahold Delhaize and Siemens Energy said on Wednesday U.S. import tariffs will lead to higher prices as they pass on the costs, while speciality steelmaker voestalpine urged Brussels to retaliate for duties threatened by Donald Trump. On Wednesday, Trump's trade advisers were finalising plans for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war. Trade ministers of the 27-country European Union were preparing to meet later by videoconference to determine their response after European Commission President Ursula von der Leyen said moves against the bloc "will not go unanswered".

Musk’s Bid to Control OpenAI Complicates For-Profit Transition

(Bloomberg) -- A decade ago, Sam Altman, Elon Musk and a group of other founders launched OpenAI as a nonprofit with a mission to build artificial intelligence that benefits humanity. Now, Altman and OpenAI are pushing to restructure as a more conventional for-profit business — and Musk is using every tool at his disposal to stop it.Musk, who has since launched a rival AI firm, has fired off angry posts about Altman on his social media platform, filed two lawsuits against the company for alleged

Alibaba’s shares soar after investors buy iPhone AI hopes

(Bloomberg) -- Alibaba Group Holding Ltd.’s stock surged as much as 8.6% after the Information reported that Apple Inc. is working with the e-commerce pioneer to roll out artificial intelligence features in China. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeThe Forgotten French Architect Who Rebuilt MarseilleSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleIn New Orleans,

Temu Overhauls Supply Chain on Tariffs, Risking Price Hikes

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysOnline shopping giant Temu is giving up substantial control of its Chinese supply chain in the face of President Donald Trump’s new tariffs, a move that threat

Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine

Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy over the war in Ukraine he has promised to end, a war that has supported oil prices on concerns about global supplies. U.S. West Texas Intermediate (WTI) crude settled down $1.95, or 2.66%, to $71.37. U.S. President Donald Trump discussed the war in Ukraine in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy.

CATL Files for Hong Kong Listing That Could Raise $5 Billion

(Bloomberg) -- Contemporary Amperex Technology Co. Ltd. has filed its application for a jumbo listing in Hong Kong that could be the city’s biggest stock offering in four years. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe long-awaited filing by CATL, as the world’s top electric-vehicle b

Australia passes tax incentives law for critical minerals

Australia's parliament has passed laws that would give production tax breaks for critical minerals and renewable hydrogen, in a boost for energy transition plans as it aims to hit net zero emissions by 2050, and reduce dependence on China. The law, passed on Tuesday, will create tax incentives worth 10% of processing and refining costs for 31 critical minerals from the fiscal year ending June 2028 to 2040, for up to 10 years per project, the centre-left Labor government said. For renewable hydrogen, a tax incentive worth A$2 ($1.26) per kg of renewable hydrogen produced will be offered.

3 new reasons to be concerned about Magnificent 7 stocks

The Magnificent 7 trade is under pressure. What's your next move?

Why Intel (INTC) Stock Is Trading Up Today

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 8.7% in the morning session after Vice President JD Vance announced at the AI Action Summit in Paris that the US will provide regulatory measures to protect the country's artificial intelligence technologies from "theft and misuse."

EIA raises US oil production forecast for 2025

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report, but it maintained its estimate for demand growth. The EIA said it now expects U.S. crude oil production to average 13.59 million barrels per day (bpd) in 2025, up from its prior estimate of 13.55 million bpd. The agency held its estimate for U.S. consumption of petroleum and liquid fuels steady at 20.5 million bpd in 2025.

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Early ByteDance Backer Halves Funding Goal as Startup Bets Cool

Sam Altman scoffs at Elon Musk's claims of an OpenAI antitrust 'conspiracy' in new lawsuit filing

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Trickle-down effect of NIH funding battle worries healthcare analysts and medical experts

Wall Street's Apple euphoria 'misplaced,' Jefferies analyst says

Apple Brings TV+ to Android Phones in Bid to Boost Subscribers

OpenAI Plans to Release New GPT-4.5 Model in Weeks, Altman Says

Tech companies laying off staff are still hiring — especially in AI

Meta is winning over Wall Street while the rest of Big Tech struggles

Chevron to lay off up to 20% of global workforce

US companies get more latitude to bar shareholder resolutions from their ballots

Oracle’s Ellison Calls for Governments to Unify Data to Feed AI

Global marine fuel sales jump in 2024 on Red Sea diversions

The Trump premium isn't being baked into Meta's stock: Analyst

Meta Accounting Move on AI Servers to Boost Profit This Year

Exxon seeks permit for its eighth oil, gas project in Guyana as output rises

Nvidia Shares No Longer Bulletproof as DeepSeek Fears Linger

Why Amazon's stock has surprising upsides

Dominion Energy's data center growth continues to accelerate

MyFitnessPal to Offer Personalized AI Meal Planning After Quietly Buying Startup

OPEC sticks to 2025, 2026 global oil demand growth forecasts

Exelon boosts capex plan by $3.5 billion, mostly to bolster power lines

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

Biogen expects lower 2025 profit as multiple sclerosis drugs face fierce competition

Super Micro Gains on Long-Term Forecast, Pledge on Filings

Morning Bid: Calm descends as inflation, tariffs parsed

Why the 'best hedge' against the AI rally losing steam in 2025 is healthcare: Morning Brief

SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI

Moonshot firm ispace upbeat as Trump keeps Artemis lunar missions with Japan

Elon Musk's xAI plans massive hiring spree of thousands to train Grok, employees say

Temu, Shein See US Sales Drop After Trump Targets China Trade

Hon Hai Says It’s Open to Buying Renault’s Stake in Nissan

Companies warn of more pain as Trump tariff threats escalate

Musk’s Bid to Control OpenAI Complicates For-Profit Transition

Alibaba’s shares soar after investors buy iPhone AI hopes

Temu Overhauls Supply Chain on Tariffs, Risking Price Hikes

Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine

CATL Files for Hong Kong Listing That Could Raise $5 Billion

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EIA raises US oil production forecast for 2025