Latest Technology News and Reviews

Siemens Energy reports preliminary quarterly revenue of about $9.4 billion

In November last year, Siemens Energy raised its midterm outlook as it reported a new record for its order book and a narrower fourth-quarter loss. Siemens Energy on Monday reported a preliminary profit of 463 million euros in the first quarter. It also said that it expects to exceed guidance of free cash flow pre tax for fiscal 2025 of up to 1 billion euros.

Chinese AI startup DeepSeek is rattling markets. Here's what to know

A Chinese artificial intelligence startup is rattling Silicon Valley and Wall Street after it demonstrated AI models on par with OpenAI’s — for a fraction of the cost and energy.

Intel's former CEO says the market is getting DeepSeek wrong after AI-chip-stock rout

The retired chip CEO said "the markets are getting it wrong" on Monday after investors triggered a sell-off in response to China's DeepSeek.

Satya Nadella believes Chinese AI startup DeepSeek could be a win for tech, even as Microsoft’s shares tumble

The Microsoft CEO cited Jevons paradox, which stipulates increased efficiency in production drives increased demand.

DeepSeek's cheap price is challenging Nvidia, ChatGPT, and Silicon Valley's AI establishment

This story incorporates reporting fromForbes, devdiscourse and CNN on MSN.com.DeepSeek, a Chinese AI startup, has emerged as a significant player in the tech industry, attracting global attention. Known for its cost-efficient AI models, DeepSeek is challenging established tech giants, including those in Silicon Valley.

What Is DeepSeek? What to Know About the Chinese AI Startup That Spurred a Stock Selloff

Here’s what you need to know about DeepSeek, the Chinese AI startup that rattled markets as its app dethroned OpenAI's as the most-downloaded free app in the U.S. on Apple.

X Debt Shopped With $6 Billion Sweetener From Elon Musk’s AI Bet

(Bloomberg) -- Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aim

DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know

If the most sought-after AI chips aren't as vital as previously thought, an entire ecosystem built around massive AI investment could be in jeopardy.

Apple, Meta Platforms rise to lead 'Magnificent 7' stocks amid AI washout

Apple stock jumped Monday, proving itself resilient to the widespread AI stock sell-off Monday prompted by the release of Chinese firm DeepSeek’s new cost-effective artificial intelligence model.

Exclusive-Enel, KKR among potential bidders for UK's Cubico, sources say

Italy's Enel and private equity group KKR are among potential bidders for Britain-based Cubico Sustainable Investments, people with knowledge of the process said. Two of Canada's biggest pension funds - the Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) - have been considering a sale of the renewable energy firm, which could be valued at about $6 billion or more, including debt, sources previously told Reuters.

LinkedIn Founder Reid Hoffman sees bright AI future and hopes his tech peers are right about Trump

LinkedIn founder Reid Hoffman has been immersed in Silicon Valley since his August 1967 birth in Palo Alto, California, in the shadow of Stanford University, where he and fellow technology luminary Peter Thiel became friends as college students during the 1980s.

China just redefined the global AI race—with massive implications for OpenAI, Nvidia, and foreign policy

Silicon Valley’s initial advantage in LLMs evaporated quickly despite export controls, writes AI expert Gary Marcus.

DeepSeek Risks Bite Investors Who Clung to Big Tech’s Dominance

(Bloomberg) -- What do you get when an established market narrative is suddenly flipped upside down, with stretched investor sentiment and positioning, right before one of the busiest earnings weeks of the season? About a trillion dollars of market value erased. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8

Bitcoin Follows Tech Stocks Lower as New AI App Rattles Markets

(Bloomberg) -- Bitcoin and other cryptocurrencies tumbled, following technology stocks lower, as the emergence of a new Chinese artificial-intelligence model triggered a global selloff in riskier assets. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build

Google Ventures-Backed Biotech Metsera Seeks $292 Million in IPO

(Bloomberg) -- Metsera Inc. is seeking to raise $292 million in an initial public offering, joining a clutch of health-care firms set to make their debuts as public companies.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’The New York-base

Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two industry sources said and data showed. Russia has been trying to adapt to Western sanctions imposed in response to the invasion of Ukraine since 2022 by buying new fleet, re-routing oil exports to Asia from Europe and finding new fuel customers in Africa and Latin America. The latest U.S. sanctions imposed on the Russian oil industry in January have made crude exports to key Asian customers in India and China more costly and complex.

Vale Shares Shed $17 Billion as Iron Ore Slump Foils Turnaround

(Bloomberg) -- A weaker China economy and battered iron ore prices have helped drive down Vale SA’s stock, making investors wary of uncertainties plaguing one of the world’s top suppliers of the steelmaking ingredient.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s P

Sage rejects Biogen's $469 million takeover offer, says offer undervalues company

Biogen, which currently holds a 10.2% stake in Sage, proposed to acquire all outstanding Sage shares it does not already own for $7.22 per share. In October, the Massachusetts-based company announced the departure of Chief Financial Officer Kimi Iguchi and laid off over 165 employees as part of a reorganization to focus on the launch of its postpartum depression pill, Zurzuvae. The U.S. Food and Drug Administration approved Zurzuvae, co-developed with Biogen, for postpartum depression in 2023.

Marc Andreessen warns Chinese ChatGPT rival DeepSeek is ‘AI’s Sputnik moment’

U.S. equity markets are set to open deep in the red as investors begin to digest the significance of DeepSeek’s AI reasoning model R1.

Nvidia stock plummets, loses record $589 billion as DeepSeek prompts questions over AI spending

Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.

Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman

Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said. Nasdaq futures slumped and technology shares slid on Monday as the swelling popularity of a Chinese discount AI model wobbled investors' faith in the profitability of what the United States has to offer. Last week, hedge funds fled their bets on tech stocks, a Goldman Sachs note from Friday and seen by Reuters Monday showed.

Why Starbucks and Amazon are drawing on philosophy to deploy their AI models

Companies investing in AI won't reap "superior returns" without cultivating philosophical insight, say MIT researchers.

How a16z ‘super-connector’ David Haber’s time at Goldman Sachs shaped his understanding of enterprise software

Diving into the “messy inbox problem.”

FOBO, or fear of becoming obsolete, is the new business buzzword. Here's what you need to know.

Rapid AI advances are giving workers FOBO, or fear of becoming obsolete. Companies can help them avoid it with upskilling and reverse mentorship.

Kazakhstan's daily oil output at record high amid Chevron-led expansion

Oil production in Kazakhstan reached a daily record high of 278,499 metric tons on Sunday just after it embarked on an expansion of its largest oilfield, Chevron-led Tengiz, according to official data. OPEC+ has named top 10 global oil producer Kazakhstan along with Iraq and Russia as countries that have repeatedly failed to comply with pledges to curb oil production.

Microsoft earnings are coming. Here's what to expect

Microsoft (MSFT) is expected to report earnings results for the second fiscal quarter after the market closes on Wednesday.

China 'teapot' refiners halt plants as new fuel tax bites, sources say

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese tariff and tax policies plunge them deeper into losses, refinery and trade sources said. The rare outages come at a time of nascent consolidation in the world's second-largest oil refining industry as an earlier-than-expected peak in Chinese fuel demand and Beijing's drive to wring out inefficiency starts to squeeze out the weakest of the small independent plants, known as teapots. At least four plants with a combined annual processing capacity of approximately 18 million metric tons, or 320,000 barrels per day, either closed crude oil distillation units (CDUs) this month or plan to in February after Beijing cut rebates on consumption tax paid for feedstock imports, the sources said.

Big Oil in no rush to 'drill baby drill' this year despite Trump agenda

Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to "drill, baby, drill." Big Oil begins reporting fourth-quarter results this week, and outlooks for the coming year should reflect the dissonance between Trump's oil and gas-maximizing agenda and investor expectations. The industry has pushed in recent years to drive down costs and increase production by using more efficient technology rather than drilling many new wells.

What Is China’s DeepSeek and Why Is It Freaking Out the AI World?

(Bloomberg) -- DeepSeek, a Chinese AI startup that’s just over a year old, has stirred awe and consternation in Silicon Valley after demonstrating breakthrough artificial-intelligence models that offer comparable performance to the world’s best chatbots at seemingly a fraction of the cost. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Prepari

Analysis-Renewed inflation worries help drive oil price rally

Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia. Oil is a popular inflation hedge because energy is a important component of Consumer Price Index (CPI) baskets and also feeds into them indirectly through goods and services costs. Fund managers have built up the largest net long position in crude oil futures in nine months, according to data from the Commodity Futures Trading Commission.

China’s DeepSeek Tops iPhone Downloads and Spurs AI Selloff

(Bloomberg) -- Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts in Silicon Valley about the strength of America’s lead in AI. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘

Mistral’s Secret Powerbroker Keeps Europe’s AI Hopes Alive

(Bloomberg) -- A year ago, Europe had multiple AI startups that could plausibly compete with OpenAI and Google. Now it has Mistral.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Well-financed artificial intelligence startups in Germany and

Oil hits 2-week low as China's DeepSeek AI spurs demand fears

NEW YORK (Reuters) -Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns over energy demand to power data centers. Before the news of DeepSeek broke, oil was already trading lower on weak economic data from China and worries that U.S. President Donald Trump's proposed tariffs could further pressure economic growth and energy demand. Brent futures fell $1.42, or 1.8%, to settle at $77.08 a barrel, while U.S. West Texas Intermediate (WTI) crude ended $1.49, or 2.0%, lower at $73.17.

US FDA OKs monthly maintenance dosing for Eisai/Biogen's Alzheimer's drug

The drug received standard U.S. approval in 2023 after showing it slowed cognitive decline in patients with the brain-wasting disease but growth has been slow, in part because its administration is time-consuming and it requires regular MRIs and screenings. Patients can switch to a monthly dose after having received an intravenous infusion of the drug every two weeks for 18 months, the companies said in a joint statement.

Tesla's future under President Trump: Weigh AI potential against slowing EV demand

Tesla’s skyrocketing post-election rally may be set to resume as Wall Street bets on AI potential.

Google pushes global agenda to educate workers, lawmakers on AI

SAN FRANCISCO -Alphabet’s Google, already facing an unprecedented regulatory onslaught, is looking to shape public perception and policies on artificial intelligence ahead of a global wave of AI regulation. A key priority, one executive told Reuters, comes in building out educational programs to train the workforce on AI. “Getting more people and organizations, including governments, familiar with AI and using AI tools, makes for better AI policy and opens up new opportunities – it's a virtuous cycle,” said Kent Walker, Alphabet's president of global affairs.

Joe Biden left Elon Musk a parting gift that's helping fuel his beef with OpenAI

WIth one foot out the White House door, the Biden administration issued 2 documents Musk is now using in his battle to break up OpenAI and Microsoft.

Ditching Meta? Open source alternatives to Instagram, TikTok, and WhatsApp fundraise on Kickstarter

The developer behind Pixelfed, Loops, and Sup, open source alternatives to Instagram, TikTok, and WhatsApp, respectively, is now raising funds on Kickstarter to fuel the apps' further development. The trio is part of the growing open social web, also known as the fediverse, powered by the same ActivityPub protocol used by X alternative Mastodon. The latter saw increased signups and use after the company formerly known as Twitter sold to Elon Musk in October 2022 and during the X exodus that foll

Meta reveals how it plans to make money on Threads, its X competitor with 300 million users

Meta launches ads on Threads, its X/Twitter competitor with 300 million users.

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FCC will drop Biden plan to ban bulk broadband billing for tenants

DeepSeek's latest model suggests AI expertise may surpass computing needs

Nvidia’s $589 Billion DeepSeek Rout Is Largest in Market History

Why market panic over China's DeepSeek is 'overblown,' analysts say

AI-Fueled Stock Rally Dealt $1 Trillion Blow by Chinese Upstart

Why market panic over China's DeepSeek is 'overblown,' analysts say

DeepSeek could 'enhance' investor excitement about Tesla's value outside selling cars

DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know

Apple, Meta Platforms rise to lead 'Magnificent 7' stocks amid AI washout

Nvidia stock plummets, loses record $589 billion as DeepSeek prompts questions over AI spending

Tesla's future under President Trump: Weigh AI potential against slowing EV demand

Trump's Stargate AI project backed by OpenAI, Oracle, and SoftBank is taking shape: Here's what we know

Trump's order on the global tax deal is a relief to tech companies

Meta to spend as much as $65 billion on AI in 2025

Trump opens a divide between US and EU over Big Tech

Nvidia is doing damage control after DeepSeek's AI advance routed the stock

Triple-Levered Nvidia Traders Are Gutpunched by 52% One-Day Loss

DeepSeek could 'enhance' investor excitement about Tesla's value outside selling cars

Nvidia Calls DeepSeek ‘Excellent’ AI Advance, Dismisses Concerns

What is DeepSeek? How a small Chinese startup shook up the AI sector

What is DeepSeek, the Chinese AI company upending the stock market?

Siemens Energy reports preliminary quarterly revenue of about $9.4 billion

Chinese AI startup DeepSeek is rattling markets. Here's what to know

Intel's former CEO says the market is getting DeepSeek wrong after AI-chip-stock rout

Satya Nadella believes Chinese AI startup DeepSeek could be a win for tech, even as Microsoft’s shares tumble

DeepSeek's cheap price is challenging Nvidia, ChatGPT, and Silicon Valley's AI establishment

What Is DeepSeek? What to Know About the Chinese AI Startup That Spurred a Stock Selloff

X Debt Shopped With $6 Billion Sweetener From Elon Musk’s AI Bet

DeepSeek is making Wall Street nervous about the AI spending boom: Here’s what we know

Apple, Meta Platforms rise to lead 'Magnificent 7' stocks amid AI washout

Exclusive-Enel, KKR among potential bidders for UK's Cubico, sources say

LinkedIn Founder Reid Hoffman sees bright AI future and hopes his tech peers are right about Trump

China just redefined the global AI race—with massive implications for OpenAI, Nvidia, and foreign policy

DeepSeek Risks Bite Investors Who Clung to Big Tech’s Dominance

Bitcoin Follows Tech Stocks Lower as New AI App Rattles Markets

Google Ventures-Backed Biotech Metsera Seeks $292 Million in IPO

Exclusive-Russian oil refining rises as US sanctions target crude exports - sources

Vale Shares Shed $17 Billion as Iron Ore Slump Foils Turnaround

Sage rejects Biogen's $469 million takeover offer, says offer undervalues company

Marc Andreessen warns Chinese ChatGPT rival DeepSeek is ‘AI’s Sputnik moment’

Nvidia stock plummets, loses record $589 billion as DeepSeek prompts questions over AI spending

Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman

Why Starbucks and Amazon are drawing on philosophy to deploy their AI models

How a16z ‘super-connector’ David Haber’s time at Goldman Sachs shaped his understanding of enterprise software

FOBO, or fear of becoming obsolete, is the new business buzzword. Here's what you need to know.

Kazakhstan's daily oil output at record high amid Chevron-led expansion

Microsoft earnings are coming. Here's what to expect

China 'teapot' refiners halt plants as new fuel tax bites, sources say

Big Oil in no rush to 'drill baby drill' this year despite Trump agenda

What Is China’s DeepSeek and Why Is It Freaking Out the AI World?

Analysis-Renewed inflation worries help drive oil price rally

China’s DeepSeek Tops iPhone Downloads and Spurs AI Selloff

Mistral’s Secret Powerbroker Keeps Europe’s AI Hopes Alive

Oil hits 2-week low as China's DeepSeek AI spurs demand fears

US FDA OKs monthly maintenance dosing for Eisai/Biogen's Alzheimer's drug

Tesla's future under President Trump: Weigh AI potential against slowing EV demand

Google pushes global agenda to educate workers, lawmakers on AI

Joe Biden left Elon Musk a parting gift that's helping fuel his beef with OpenAI

Ditching Meta? Open source alternatives to Instagram, TikTok, and WhatsApp fundraise on Kickstarter

Meta reveals how it plans to make money on Threads, its X competitor with 300 million users