Latest Technology News and Reviews

BP projects 44% jump in oil output from India's largest field, ONGC says

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday. ONGC named BP as its technical service provider on Wednesday to assist in boosting output from a baseline crude production of 45.47 million metric tons and 70.40 billion cubic metres (BCM) of gas. Energy major Shell also participated in the tender, which sought advanced recovery technologies and expertise in managing complex mature reservoirs to boost production, ONGC said in an exchange filing.

SK Chief, Nvidia’s CEO Discuss Ways to Deepen AI Efforts

(Bloomberg) -- The chairman of SK Hynix Inc.’s parent and Nvidia Corp. co-founder Jensen Huang met Wednesday to discuss AI, suggesting the two companies are exploring ways to deepen one of the most important relationships in artificial intelligence hardware.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Build

Oil rises 1% as cold snap drives winter fuel demand

HOUSTON (Reuters) -Oil prices rose more than 1% on Thursday as cold weather gripped parts of the U.S. and Europe, boosting winter fuel demand. The rise is "definitely winter fuel demand kicking in here in the U.S. for sure," said John Kilduff, partner at Again Capital in New York. Parts of east Texas up to the north of Kentucky were under a winter storm warning, according to the National Weather Service, covering large swathes of Arkansas and Tennessee.

SoftBank’s Chip Designer Arm Considers Acquiring Ampere Computing

(Bloomberg) -- SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, according to people familiar with the matter.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Ampere, the Oracle Corp.-backed semicon

Biden to further limit Nvidia AI chip exports in final push

(Bloomberg) -- President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeNYC Condo Owners May Bear Costs of Landmark Green Building LawDutch Central Bank Restores Amsterdam’s ‘Ugliest

FTV Capital Raises $4 Billion for Two Growth Equity Funds

(Bloomberg) -- FTV Capital, a firm focused on growth-equity bets, has amassed more than $4 billion for two new funds, as it aims to capitalize on a dearth of initial public offerings that has led fast-growing companies to seek capital elsewhere. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can Amer

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

NEW YORK (Reuters) -U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports. Trump, who has long complained about Canada's trade surplus with the U.S., on Tuesday threatened to use economic force to turn Canada into the 51st U.S. state. Canada has been the top source of U.S. oil imports for many years, and supplied more than half of the total U.S. crude imports in 2023.

Wall Street cuts Exxon earnings views after fourth-quarter snapshot

HOUSTON (Reuters) -Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil, the day after the top U.S. oil producer warned that reduced prices and margins could hurt quarterly results. Shares of Exxon declined 1.4% to $107.17 in midday trading. The earnings snapshot from the industry bellwether signaled a tougher quarter for oil producers, which will begin publishing results this month.

AppLovin’s Nasdaq-Topping 700% Rally Sets Up Challenging 2025

(Bloomberg) -- After a blistering rally at the end of last year, shares in AppLovin Corp. may be running out of steam.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The stock fell 7% on Tuesday after Bank of America analysts said fourth-quarter revenue f

Quantum Stocks Drop as Nvidia CEO Sees Use Years Away

(Bloomberg) -- The shares of IonQ Inc. and other companies linked to quantum computing tumbled on Wednesday, after Nvidia Corp. Chief Executive Officer Jensen Huang said that “very useful” quantum computers are likely decades away.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Le

European wind stocks take beating after Trump calls turbines 'garbage'

FRANKFURT (Reuters) -European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that "no windmills" are built on his watch, criticising the sector less than two weeks before he is due to take office. Trump's latest swipe against the industry raises concerns about how the U.S. wind market, the world's second-biggest after China, will develop in his second term, causing investors of companies with skin in the game to sell. Shares in the world's two biggest offshore wind farm developers - Denmark's Orsted and Germany's RWE - as well as turbine makers Siemens Energy, Nordex and Vestas closed 2.4%-7.4% lower.

Northvolt Owners Back Battery Output as Funding Search Continues

(Bloomberg) -- Northvolt AB shareholders approved the bankrupt electric vehicle supplier’s plan to keep building battery cells while it seeks new funding to restructure under Chapter 11 protection.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Shareholde

Yahoo co-founder Jerry Yang: Masayoshi Son is recasting himself into an AI player with his $100 billion bet

SoftBank billionaire Masayoshi Son has pledged to invest $100 billion in the US over the next four years. Masa's longtime friend and Yahoo co-founder Jerry Yang weighs in on the pledge.

ByteDance's Lemon8 gains traction amid TikTok ban threat as creators push the app

Amid a looming U.S. ban on TikTok, content creators have been pushing the platform's sister app. Lemon8 resembles an amalgamation of the types of short-form videos found on TikTok and the picture-perfect aesthetic of Instagram and Pinterest. Like its popular relation, Lemon8 is owned by China-based ByteDance, whose collection of internationally available apps also includes the video editing app CapCut and the photo and art editing app Hypic.

UK watchdog says it may accept remedies in $35 billion Synopsys-Ansys deal

Synopsys announced its cash-and-stock deal for Ansys, whose software is used to make products ranging from airplanes to tennis rackets, in January last year. The Competition and Markets Authority said the undertakings offered on Dec. 31 included the divestment of Ansys' power consumption analysis product for digital chips and Synopsys' sale of its global optics and photonics software business.

Morning Bid: Bonds flashing red, 'term premium' at 10y high

Dragging up government borrowing costs across the world, the new year spike in long-term U.S. Treasury yields is flashing red as a long-absent risk premium in debt markets re-builds alarmingly amid fiscal policy and interest rate fears. The New York Federal Reserve's estimate of the 10-year 'term premium' - seen as the compensation investors seek for holding long-term Treasuries to maturity instead of rolling over short-term debt holdings - topped 50 basis points this week for the first time since 2014. Partly reflecting uncertainty about long-term inflation expectations and debt supply and an incoming U.S. administration intent on tax cuts, immigration curbs and tariff rises, the 30-year Treasury yield hit its highest since 2023 on Tuesday and 10-year yields hit their highest in almost 9 months.

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it started exporting oil in early 2020, the burgeoning oil nation has emerged as the fifth largest Latin American crude exporter after Brazil, Mexico, Venezuela and Colombia. But unlike Latin America's usual offer of heavy sour oil, Guyana's lighter and sweeter crude grades have carved out a rising share in Europe, where most refineries are not as complex as the majority of Latin American and U.S. Gulf Coast plants that turn heavy grades into motor fuels.

Why Nvidia rug pull doesn't faze US stock market bulls: Morning Brief

Nvidia's 6% loss Tuesday was especially painful for the company given it followed a splashy CES event with big announcements. But the market has good reason to shake off its swings.

Tencent Makes Biggest Buyback Since 2006 After US Blacklist

(Bloomberg) -- Tencent Holdings Ltd. repurchased the most shares in nearly two decades after a selloff sparked by the tech firm’s addition to a US blacklist for alleged links to the Chinese military.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?China’s

Japan flags foreign takeover of 7-Eleven owner as a security issue

TOKYO (Reuters) -A potential foreign acquisition of Japanese retail giant Seven & i would be "heavily related" to national security, Japan's economy minister Ryosei Akazawa said on Wednesday. His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada's Alimentation Couche-Tard. Seven & i was classified as "core" to Japan's national security in September, raising questions as to whether it was a defensive move.

Micron to Spend $7 Billion Building Singapore Memory Chip Plant

(Bloomberg) -- Micron Technology Inc. is investing $7 billion over the next several years to expand its manufacturing footprint in Singapore, as artificial intelligence boosts demand for advanced memory chips.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabout

Foxconn, Dixon Urge India to Pay Pending Production Subsidies

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Apple I

Apple’s $1 Billion Offer Not Enough to Lift Indonesia’s Ban

(Bloomberg) -- Indonesia kept a ban on the sale of Apple Inc.’s iPhone 16s, saying its $1 billion plan that includes building an AirTag factory is insufficient to meet local investment requirements.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Domestic

Shell warns of weaker fourth quarter LNG, oil trading

LONDON (Reuters) -Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a trading update ahead of Jan. 30 full-year results, Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets. Shell last month said it was stepping back from new offshore wind investments and splitting its power division following an extensive review of the business, part of CEO Wael Sawan's drive to focus on the most profitable parts.

China Boosts Consumer Subsidies, Vows More Funding to Aid Demand

(Bloomberg) -- China will subsidize more consumer products and boost funding for industrial equipment upgrades, ramping up a program aimed at bolstering domestic consumption in the face of growing headwinds for exports.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love

TikTok, Alibaba Push Indonesia E-Commerce Pioneer Bukalapak Into Retreat

(Bloomberg) -- Indonesian e-commerce pioneer PT Bukalapak.com will stop selling physical goods, underscoring the cut-throat competition in a market where the likes of ByteDance Ltd.’s TikTok Shop and Sea Ltd.’s Shopee are vying for users.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Dri

Ola Electric Warned by India Regulator for Disclosure Lapses

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Ola Electric Mobility Ltd. was warned by India’s mark

Oil prices down on US fuel stocks build, dollar strength

NEW YORK (Reuters) -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Brent crude settled down 89 cents, or 1.16%, to $76.23 a barrel. "The oil market is being weighed down by the significant increases in gasoline and diesel inventories that we've seen over the last couple of weeks," said Andrew Lipow, president of Lipow Oil Associates.

Third Rock-backed Maze Therapeutics reveals profit in US IPO filing

The U.S. IPO market has seen an uptick amid falling interest rates, strong equity markets, and hopes of a friendlier regulatory environment under the incoming Trump administration. Maze's decision follows a strong 2024 for biotech companies, with firms such as Septerna and Bicara Therapeutics receiving a positive response from investors at their debut.

Exxon warns of hit to Q4 profits after drop in oil prices, weaker performance across the board

HOUSTON (Reuters) -Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. Exxon's snapshot is closely watched for clues to how other oil majors will fare when they begin releasing results this month. Exxon is expected to post a profit of $1.76 a share for the fourth quarter, down from $2.48 a share, in the same quarter last year, according to financial firm LSEG.

Nvidia Slides After Unveiling Leaves Investors Wanting More

(Bloomberg) -- Nvidia Corp. shares slid on Tuesday after a wide-ranging product presentation by Chief Executive Officer Jensen Huang failed to propel the artificial intelligence chipmaker to new heights.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The

Nvidia CEO says company has plans for desktop chip designed with MediaTek

(Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this week and that Nvidia has undisclosed future plans for the chip. On Monday at CES 2025, Nvidia unveiled a desktop computer called Project DIGITS. The machine uses Nvidia's latest "Blackwell" AI chip and will cost $3,000, but it also contains a new central processor, or CPU, on which Nvidia worked with MediaTek to create.

Nvidia stock falls after notching record high ahead of CES AI superchip debut

Nvidia stock (NVDA) fell Tuesday, reversing direction after a rally fueled by CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas late Monday.

Anthropic in Talks to Raise Funding at $60 Billion Value

(Bloomberg) -- OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Lightspeed Ven

Nvidia CEO Jensen Huang says company's racing to get next-gen Blackwell chips 'into every data center in the world'

As Nvidia races to bring more of its next-gen chips online, CEO Jensen Huang expects revenue from its new Blackwell chips to eclipse its previous Hopper platform early this year.

La Niña Effects Surprise Argentine Farmers as Dryness Kicks In

(Bloomberg) -- A La Niña weather pattern that wreaked havoc on Argentina’s farms just two years ago was expected to be kinder this time around. But as the growing season gets under way, a long bout of dry weather is emerging again.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Grow

Meta ends fact-checking in shift closer to Musk's X and Trump

In explaining the decision, Meta CEO Mark Zuckerberg nodded to a "cultural tipping point" after Trump's election.

Trump’s Dubai Billionaire Ally Vows $20 Billion for Data Centers

(Bloomberg) -- Since Donald Trump was first elected in 2016, Hussain Sajwani, the head of Damac Group, wanted the world to know he was the US president’s man in the Middle East.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The real estate billionaire th

Biggest Nvidia takeaways from Jensen Huang's CES 2025 keynote

Nvidia CEO Jensen Huang unveiled a suite of new products, services and partnerships at CES 2025. In a packed Las Vegas arena, Huang kicked off the CES this week with his vision for how his companies' products will drive gaming, robotics, personal computing and even self-driving vehicles forward. Huang said the GPUs, which use the company’s next-generation artificial intelligence chip Blackwell, can deliver breakthroughs in AI-driven rendering.

Dec	JAN	Feb
	09
2024	2025	2026

News

Life

Entertainment

Finance

Sports

New on Yahoo

Technology

Lonsdale-Backed Defense Startup Set to Raise Over $150 Million

Chevron donating to President-elect Donald Trump's inaugural committee, spokesperson says

The 3 biggest takeaways from CES 2025

TCS Misses Estimates in Sign IT Spending Yet to Pick Up

La Niña Emerges in Pacific Triggering Global Weather Changes

The 3 biggest takeaways from CES 2025

Nvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning Brief

Yahoo co-founder Jerry Yang: Masayoshi Son is recasting himself into an AI player with his $100 billion bet

Why Nvidia rug pull doesn't faze US stock market bulls: Morning Brief

Nvidia stock falls after notching record high ahead of CES AI superchip debut

Nvidia CEO Jensen Huang says company's racing to get next-gen Blackwell chips 'into every data center in the world'

Meta ends fact-checking in shift closer to Musk's X and Trump

Nvidia CEO Jensen Huang's CES keynote: Top 3 takeaways

Nvidia debuts GB10 superchip, AI systems for humanoid robots, self-driving trucks at CES 2025

Nvidia launches RTX 50 series gaming chips at CES 2025

Nvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning Brief

Saudi Aramco and Sonatrach cut LPG prices for January

Biggest Philippine Fintech Company Is Said to Pick Banks for IPO

Unisplendour Said to Plan Hong Kong Listing to Raise About $1 Billion

Wall Street Job Losses May Top 200,000 as AI Replaces Roles

Apple Executive Departs Indonesia After iPhone Ban Deal Hiccup

BP projects 44% jump in oil output from India's largest field, ONGC says

SK Chief, Nvidia’s CEO Discuss Ways to Deepen AI Efforts

Oil rises 1% as cold snap drives winter fuel demand

SoftBank’s Chip Designer Arm Considers Acquiring Ampere Computing

Biden to further limit Nvidia AI chip exports in final push

FTV Capital Raises $4 Billion for Two Growth Equity Funds

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

Wall Street cuts Exxon earnings views after fourth-quarter snapshot

AppLovin’s Nasdaq-Topping 700% Rally Sets Up Challenging 2025

Quantum Stocks Drop as Nvidia CEO Sees Use Years Away

European wind stocks take beating after Trump calls turbines 'garbage'

Northvolt Owners Back Battery Output as Funding Search Continues

Yahoo co-founder Jerry Yang: Masayoshi Son is recasting himself into an AI player with his $100 billion bet

ByteDance's Lemon8 gains traction amid TikTok ban threat as creators push the app

UK watchdog says it may accept remedies in $35 billion Synopsys-Ansys deal

Morning Bid: Bonds flashing red, 'term premium' at 10y high

Guyana oil exports jump, gain Europe market share in 2024

Why Nvidia rug pull doesn't faze US stock market bulls: Morning Brief

Tencent Makes Biggest Buyback Since 2006 After US Blacklist

Japan flags foreign takeover of 7-Eleven owner as a security issue

Micron to Spend $7 Billion Building Singapore Memory Chip Plant

Foxconn, Dixon Urge India to Pay Pending Production Subsidies

Apple’s $1 Billion Offer Not Enough to Lift Indonesia’s Ban

Shell warns of weaker fourth quarter LNG, oil trading

China Boosts Consumer Subsidies, Vows More Funding to Aid Demand

TikTok, Alibaba Push Indonesia E-Commerce Pioneer Bukalapak Into Retreat

Ola Electric Warned by India Regulator for Disclosure Lapses

Oil prices down on US fuel stocks build, dollar strength

Third Rock-backed Maze Therapeutics reveals profit in US IPO filing

Exxon warns of hit to Q4 profits after drop in oil prices, weaker performance across the board

Nvidia Slides After Unveiling Leaves Investors Wanting More

Nvidia CEO says company has plans for desktop chip designed with MediaTek

Nvidia stock falls after notching record high ahead of CES AI superchip debut

Anthropic in Talks to Raise Funding at $60 Billion Value

Nvidia CEO Jensen Huang says company's racing to get next-gen Blackwell chips 'into every data center in the world'

La Niña Effects Surprise Argentine Farmers as Dryness Kicks In

Meta ends fact-checking in shift closer to Musk's X and Trump

Trump’s Dubai Billionaire Ally Vows $20 Billion for Data Centers

Biggest Nvidia takeaways from Jensen Huang's CES 2025 keynote