Latest Technology News and Reviews

Global energy transition investment exceeded $2 trln last year, report shows

Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the pace is not fast enough. Global energy transition investment needs to average $5.6 trillion each year from 2025 to 2030 to meet a net zero emissions target by mid-century.

Exclusive: Unwrap, customer intelligence platform, raises $12 million Series A

Unwrap, a customer intelligence platform, has raised a $12 million Series A led by Scale Venture Partners, Fortune has exclusively learned.

Valero Energy beats quarterly profit estimates on lower costs

Shares of the company rose 1.4% in premarket trading after the company also said profits doubled in its renewable diesel division and costs fell 10.2% from a year earlier. JP Morgan analysts said that Valero's operational expenditure fell in all the segments compared to its estimates, barring the Gulf Coast. Analysts also noted that the refining and renewable diesel segments performed better than they had expected.

Morning Bid: Megacaps mixed as Fed pauses; ECB cut and GDP up next

With Federal Reserve policy likely paused until midyear and megacaps throwing up a mixed bag of results so far, stock markets stayed calm overnight as attention switches to European interest rates and a fourth-quarter U.S. GDP healthcheck. Quarterly results from Microsoft and Meta after the bell on Wednesday drew different reactions, with the artificial intelligence theme more broadly thrown into the flux this week by China's DeepSeek revelation. With the heavy AI spend of both firms in question due to the arrival of the cheaper Chinese model, but defended by their respective bosses overnight, Microsoft shares shed 4% out of hours while Meta jumped 4%.

Nokia Indicates its 5G Spending Drought Might be Near an End

(Bloomberg) -- Nokia Oyj’s fourth-quarter results showed signs of improvement in its mobile telecoms equipment unit after a period of low spending by operators.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersThe Espoo,

Shell sees 2024 oil and gas reserve replacement ratio at 85%

Shell said on Thursday it expects its proved oil and gas reserve replacement ratio for last year to be 85%. The reserve replacement ratio (RRR) measures how much oil and gas a company adds to its reserves compared with what it produces. A ratio of 100% or more means the company is replacing its reserves at the same rate or faster than it depletes them.

ServiceNow Gives Lackluster Outlook on Slower AI Sales Bump

(Bloomberg) -- ServiceNow Inc. gave a fiscal-year sales outlook that fell short of expectations, saying it is focused on fueling adoption of new generative artificial intelligence products rather than generating significant revenue for those tools in the near future. The shares dropped in premarket trading.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Fre

BT Quarterly Revenue Drops After Business Unit Struggles

(Bloomberg) -- BT Group Plc’s struggling business segment and weaker phone sales contributed to lower third-quarter revenue as the former British phone monopoly works to refocus on its UK operations. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination

DeepSeek is a hot topic on earnings calls this quarter

Executives are increasingly fielding analyst questions about the impact of China's DeepSeek AI on their business — and they've got a range of views.

Rakuten Scraps Plan to List Securities Unit on Tokyo Bourse

(Bloomberg) -- Rakuten Group Inc. said it no longer plans to list its securities arm on the Tokyo Stock Exchange, and will instead focus on deepening its partnership with Mizuho Securities Co.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Ban

Roche sees high single-digit core profit growth in 2025

FRANKFURT (Reuters) -Roche said on Thursday it is targeting a continued increase in adjusted earnings per share (EPS) at a high single-digit percentage this year, helped by lower costs and growth from drugs such as eye treatment Vabysmo and cancer drug Phesgo. The goal, which is adjusted for currency swings, would mark continued earnings momentum as the Swiss drugs and diagnostics company said in its earnings statement that adjusted 2024 EPS rose 7%, also before foreign exchange effects. Analysts at Swiss bank Vontobel said the 2025 guidance was conservative, which was an expected stance taken by Roche.

China’s Big EV Push Into Europe Fizzles Out on Tariffs, Slowdown

(Bloomberg) -- Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination

SoftBank in Talks to Invest Up to $25 Billion in OpenAI

(Bloomberg) -- SoftBank Group Corp. is in discussions to invest as much as $25 billion in OpenAI, a move that would potentially make it the AI startup’s biggest backer.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersTh

Microsoft CEO Satya Nadella thinks the DeepSeek drama is ‘all good news’

Satya Nadella thinks that AI will scale after DeepSeek’s secrets become commoditized

Microsoft Has Kind Words for DeepSeek AI, Offers It to Customers

(Bloomberg) -- Microsoft Corp. Chief Executive Officer Satya Nadella had some kind words for DeepSeek, the Chinese artificial intelligence startup that roiled his company’s shares earlier this week.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination f

Zuckerberg promises 'a pivotal year for the metaverse' as its Reality Labs division continues to bleed cash

Meta's Reality Labs division has lost the company more than $60 billion since 2020 as investors and analysts question whether Mark Zuckerberg's "metaverse" will ever pay off.

Meta earnings top expectations as company forecasts higher costs, AI investments in year ahead

Meta announced fourth quarter earnings on Wednesday that beat expectations, while its outlook for the year ahead showed continued investments around AI.

Microsoft's AI business is booming. It's not enough to soothe investors.

Microsoft reported lower-than-expected revenue growth for its AI and cloud divisions as scrutiny grows over tech's AI investments.

Venture Global LNG almost finished repairs to Calcasieu Pass power plant -FERC

Venture Global LNG could finish power generator repairs by the end of February, a federal inspection report said on Wednesday, potentially clearing the way for the almost three-year commissioning of the Calcasieu Pass LNG plant to reach completion. It has blamed its inability to deliver cargoes from Calcasieu Pass to its long-term customers on equipment failures and the unreliability of its power generators. A "fifth and final" generator project was under way "and completion is expected by February 2025," inspectors from the Federal Energy Regulatory Commission said on Wednesday in a regulatory filing.

DeepSeek sends 2 big signals that shatter tech investor assumptions: Snowflake CEO

A new way of thinking emerges in tech land in the wake of DeepSeek advancements.

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology. The company reported net income for the quarter of $24.1 billion, or $3.23 per share, beating Wall Street expectations of $3.11 per share. Analysts polled by FactSet Research expected Microsoft to generate revenue of $68.87 billion in the last three months of the year.

Google and ServiceNow announce new partnership focused on enterprise AI growth

Google and ServiceNow are expanding their AI partnership.

Lutnick Pledges Chips Act Review, Demurs on Honoring Contracts

(Bloomberg) -- President Donald Trump’s pick to lead the agency in charge of a $52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Rea

Tesla’s $600 Billion Run-Up Looks Past Major Risks to EV Growth

(Bloomberg) -- Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Dr

Intel will report its Q4 earnings as company seeks permanent CEO

Intel will report its Q4 earnings after the bell Thursday.

Apple to report Q1 earnings a week after stock hit with multiple downgrades

Apple will report its Q1 earnings after the bell on Thursday.

Trump Officials Discuss Tighter Curbs on Nvidia China Sales

(Bloomberg) -- Trump administration officials are exploring additional curbs on the sale of Nvidia Corp. chips to China, according to people familiar with the matter, who emphasized that conversations are in very early stages as the new team works through policy priorities. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scor

IEA comes under pressure from former oil market chief to cut energy transition focus

WASHINGTON (Reuters) -The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies. The IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy. A senior member of Trump's Republican party and other oil industry representatives were present at a Washington event to mark the report's release.

DeepSeek clouds AI picture just as Big Tech is set to report earnings

Big Tech earnings kick off today as Wall Street continues to digest the fallout from DeepSeek.

Pennsylvania Governor and PJM reach agreement over capacity payments

The agreement would save consumers from excessive price hikes  in all 13 states that PJM distributes electricity to, Shapiro said in the release. In December,  Shapiro  filed a complaint  with the Federal Energy Regulatory Commission (FERC) against PJM Interconnection, criticizing flaws in PJM’s capacity auction design that threatened to impose significant new price increases. According to the agreement, PJM's upcoming capacity auction price cap was lowered from over $500 per megawatt-day to $325 per megawatt-day, averting billions in unnecessary energy costs for 65 million people in the region.

T-Mobile Shares Jump 9% on Subscriber Gains, Upbeat Outlook

(Bloomberg) -- T-Mobile US Inc. reported fourth-quarter results that beat analysts’ projections, benefiting from continued growth in wireless subscribers and home internet customers.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Secti

Did DeepSeek copy ChatGPT to make new AI chatbot? Trump adviser thinks so

Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week? Neither has disclosed specific evidence of intellectual property theft, but the comments could fuel a reexamination of some of the assumptions that led to a panic in the U.S. over DeepSeek's advancements. “There’s substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI’s models,” David Sacks, Trump's AI adviser, told Fox News on Tuesday.

PIMCO expects no disruption to LA muni bondholder payments after fires

Los Angeles municipal bond issuers should be able to absorb losses caused by fires in the region without disrupting payments to investors, U.S. bond fund manager PIMCO said on Wednesday. "While the situation is devastating, our baseline expectations are that the long-term credit impact of the Los Angeles wildfires will be manageable," said the Newport Beach, California-based firm, which manages around $2 trillion. The Los Angeles region has been devastated by a series of wildfires since Jan. 7 that are still not fully contained.

Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'

Texts show Elon Musk rejected a dinner invite from Nicolai Tangen, the head of Norway's oil fund, and lectured him on how to be a better friend.

Planet Labs signs $230 million deal to build satellites for Asian customer

Satellite imagery firm Planet Labs said on Wednesday it signed a $230 million agreement to build satellites for an unnamed customer in the Asia-Pacific region, clinching its biggest contract yet as the company expands beyond data services. The deal, to be paid over seven years and with the satellites poised for delivery in 2026, underscores Planet's foray into the dedicated satellite services market after years of primarily offering customers imagery and other data collected by its own fleet of roughly 200 satellites. Planet did not name the customer - only saying it is a "long-standing, Asia-Pacific commercial partner" - or say how many satellites were part of the deal.

US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says

Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday. Last year's total deal value fell sharply behind the whopping $192 billion in mergers and acquisitions done in 2023, which included the $60 billion combination of Exxon Mobil and Pioneer Natural Resources. The Permian remained the most desirable acquisition target, but buyers are also looking further afield as opportunities there dry up, according to Enverus' report.

Uber-Backed Startup Moove Buys Brazil’s Kovi in Share Deal

(Bloomberg) -- Uber Technologies Inc.-backed Moove acquired Brazil’s Kovi as part of plans to further grow its income and footprint outside of Africa.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersThe equity deal for

ASML stock rises after earnings beat as CEO says DeepSeek will drive AI chip demand higher

ASML stock rose 4.3% Wednesday after the Dutch semiconductor equipment company posted better than expected fourth quarter earnings and its CEO dismissed concerns over DeepSeek AI.

LyondellBasell signs renewable power purchase agreements in Europe

Petrochemicals manufacturer LyondellBasell said on Wednesday it has signed power purchase agreements in Europe for wind energy to support its commitment to reducing greenhouse gas emissions. Chemical companies are entering deals to purchase renewable electricity to help them reach their carbon dioxide emissions reduction targets. Under the 15-year agreement with European energy firm Vattenfall, LyondellBasell will secure 450 gigawatt-hours (GWh) annually of offshore wind energy to support its circular and low-carbon solutions in Germany, the company said.

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X’s Financials Under Musk Signal Recovery in 2024 After Slide

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say

Meta's chief AI scientist says market reaction to DeepSeek was 'woefully unjustified.' Here's why.

Musk Exudes Optimism About Tesla Robotaxis After Earnings Miss

IBM Shares Jump on Strong Sales Outlook and AI Bookings

Oracle debuts new AI agents as artificial intelligence war enters next battle

Snowflake CEO: DeepSeek is the real deal, and other OpenAI rivals are coming

Zuckerberg promises 'a pivotal year for the metaverse' as its Reality Labs division continues to bleed cash

Meta earnings top expectations as company forecasts higher costs, AI investments in year ahead

DeepSeek sends 2 big signals that shatter tech investor assumptions: Snowflake CEO

Google and ServiceNow announce new partnership focused on enterprise AI growth

Intel will report its Q4 earnings as company seeks permanent CEO

Apple to report Q1 earnings a week after stock hit with multiple downgrades

DeepSeek clouds AI picture just as Big Tech is set to report earnings

ASML stock rises after earnings beat as CEO says DeepSeek will drive AI chip demand higher

Apple’s Flagging AI Hopes Get Revival From DeepSeek’s Emergence

Meta Gains After Zuckerberg Predicts ‘Really Big Year’ in AI

Oracle debuts new AI agents as artificial intelligence war enters next battle

Snowflake CEO: DeepSeek is the real deal, and other OpenAI rivals are coming

DeepSeek's founder said 'experience is not that important' when hiring staff in rare 2023 interview

Hearing-Aid Maker Transforms Into Unlikely AI Stock Winner

Global energy transition investment exceeded $2 trln last year, report shows

Exclusive: Unwrap, customer intelligence platform, raises $12 million Series A

Valero Energy beats quarterly profit estimates on lower costs

Morning Bid: Megacaps mixed as Fed pauses; ECB cut and GDP up next

Nokia Indicates its 5G Spending Drought Might be Near an End

Shell sees 2024 oil and gas reserve replacement ratio at 85%

ServiceNow Gives Lackluster Outlook on Slower AI Sales Bump

BT Quarterly Revenue Drops After Business Unit Struggles

DeepSeek is a hot topic on earnings calls this quarter

Rakuten Scraps Plan to List Securities Unit on Tokyo Bourse

Roche sees high single-digit core profit growth in 2025

China’s Big EV Push Into Europe Fizzles Out on Tariffs, Slowdown

SoftBank in Talks to Invest Up to $25 Billion in OpenAI

Microsoft CEO Satya Nadella thinks the DeepSeek drama is ‘all good news’

Microsoft Has Kind Words for DeepSeek AI, Offers It to Customers

Zuckerberg promises 'a pivotal year for the metaverse' as its Reality Labs division continues to bleed cash

Meta earnings top expectations as company forecasts higher costs, AI investments in year ahead

Microsoft's AI business is booming. It's not enough to soothe investors.

Venture Global LNG almost finished repairs to Calcasieu Pass power plant -FERC

DeepSeek sends 2 big signals that shatter tech investor assumptions: Snowflake CEO

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

Google and ServiceNow announce new partnership focused on enterprise AI growth

Lutnick Pledges Chips Act Review, Demurs on Honoring Contracts

Tesla’s $600 Billion Run-Up Looks Past Major Risks to EV Growth

Intel will report its Q4 earnings as company seeks permanent CEO

Apple to report Q1 earnings a week after stock hit with multiple downgrades

Trump Officials Discuss Tighter Curbs on Nvidia China Sales

IEA comes under pressure from former oil market chief to cut energy transition focus

DeepSeek clouds AI picture just as Big Tech is set to report earnings

Pennsylvania Governor and PJM reach agreement over capacity payments

T-Mobile Shares Jump 9% on Subscriber Gains, Upbeat Outlook

Did DeepSeek copy ChatGPT to make new AI chatbot? Trump adviser thinks so

PIMCO expects no disruption to LA muni bondholder payments after fires

Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'

Planet Labs signs $230 million deal to build satellites for Asian customer

US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says

Uber-Backed Startup Moove Buys Brazil’s Kovi in Share Deal

ASML stock rises after earnings beat as CEO says DeepSeek will drive AI chip demand higher

LyondellBasell signs renewable power purchase agreements in Europe