Latest Technology News and Reviews

Big Tech set to invest $325 billion this year as hefty AI bills come under scrutiny

Meta, Microsoft, Amazon, and Google parent Alphabet are expecting a cumulative $325 billion in capital expenditures in 2025, driven by their investments in artificial intelligence infrastructure.

US drillers add oil and gas rigs for second week in a row, Baker Hughes says

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year. Baker Hughes said oil rigs rose by one to 480 this week, while gas rigs increased by two to 100.

Ackman Says He’s Amassed a Stake in Uber Worth $2 Billion

(Bloomberg) -- Bill Ackman said his hedge fund Pershing Square Capital Management owns 30.3 million shares of Uber Technologies Inc., citing the strength of the rideshare company’s management and saying that its stock is undervalued.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congesti

Trump pauses de minimis repeal as packages pile up at US customs

U.S. President Donald Trump paused his administration's repeal of duty-free treatment of low-cost packages from China on Friday, giving the Commerce Department time to make the order workable, after the rapid change created disruptions for customs inspectors, postal and delivery services and online retailers. The eventual cancellation of de minimis means the more than 1 billion small-value e-commerce packages arriving annually in the United States with goods coming directly from China must switch to an entry process that requires additional information and duties, adding time and cost. The stop and restart of the United States Postal Service acceptance of those packages this week set off a swarm of disruptions that backed up Customs clearance for packages - even those that had paid duties - at New York City's John F. Kennedy International Airport.

Iliad to invest $3.1 billion to boost AI infrastructure in Europe

Ahead of the Artificial Intelligence Action Summit taking place in Paris on Monday, the group said it will invest via its subsidiary OpCore, which operates the group's 13 data centres. Iliad also said it partnered with Mistral AI in France, to bring the firm's "le Chat pro" AI model to Iliad's 15.5 million French subscribers. Europe has lagged American and Chinese peers in the race to develop AI, with U.S. President Donald Trump's Stargate initiative planning to invest up to $500 billion over the next five years.

Crops Ease After Tariff Delay Spurred Rally to Months-Long Highs

(Bloomberg) -- Grain and oilseed futures eased Friday as traders waited for more clues on demand after agriculture markets rallied earlier in the week when the US delayed tariffs on Canada and Mexico. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi

Exclusive-Venezuela's PDVSA resumes light crude imports as output dwindles

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends, according to company documents and vessel tracking data. U.S.-sanctioned Venezuela and Iran had a swap agreement that allowed PDVSA to import crude and condensate between 2021 and 2023 and use them as diluents for its heavy oil.

Microsoft Copilot: Everything you need to know about Microsoft's AI

Copilot is Microsoft's take on productivity-boosting generative AI, and it continues to grow and expand with Microsoft's AI ambitions. Today, there are around a dozen Copilot-branded products powering various capabilities in Microsoft software and services, like summarizations in Microsoft Outlook and transcriptions in Microsoft Teams. That's in addition to Microsoft-owned GitHub's Copilot tool for generating code, and the Copilot that lives on Windows and the web, which serves as a general-purp

Tech giants are lining up over $300 billion in AI spend. Their CEOs are betting cheaper models will drive up AI demand.

Meta, Google, Amazon, and Microsoft are ramping up their AI capex spend, despite investor concerns that it's undermined by more efficient models.

Motorola refused permission to appeal UK emergency services network case

LONDON (Reuters) -Motorola was refused permission to appeal against the British antitrust regulator's findings that it was making "supernormal" profits on its contract to provide communications to Britain's emergency services. The Competition and Markets Authority said on Friday the Court of Appeal had unanimously dismissed Motorola's application for permission to appeal. The CMA imposed a price cap on Motorola in July 2023, bringing the price of its Airwave network down to a level it said would be expected in a competitive market and cutting an estimated 200 million pounds ($248 million) of charges a year.

Big Tech is a pawn in US-China trade war. Here's why some will feel the heat more than others.

Big Tech is the key piece of the US-China trade war. And some companies are going to feel the heat far more than others.

Cloudflare Shares Jump Most in Almost a Year on Sales Growth

(Bloomberg) -- Cloudflare Inc.’s shares surged the most in almost a year, after the company announced fourth-quarter revenue that beat expectations.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSRevenue for the

Trump's media company gave a roughly $800,000 stock award to his pick for FBI director

Kash Patel did not disclose the stock award in his financial disclosure report, which all federal appointees are required to file.

Amazon, Like Microsoft, Says It Can’t Keep Up With AI Demand

(Bloomberg) -- Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year, with most of the money going toward data centers, homegrown chips and other equipment to provide artificial intelligence services.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower

Billionaire-Backed P1 Ventures Bets on Africa’s Untapped Markets

(Bloomberg) -- A venture capital firm backed by Egyptian billionaire Mohamed Mansour and the World Bank’s private investment arm will seek out tech opportunities in emerging African hubs after closing its first $50 million institutional fund. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase i

Chevron accelerates Kazakh oilfield ramp-up, sources say

Chevron said in January it had begun a $48 billion expansion of Tengiz, which is one of the world's deepest and most complex fields due to high sulphur levels and harsh weather conditions. Clay Neff, Chevron's head of international exploration and production, told Reuters last month that the Tengiz expansion was expected to reach full capacity of 260,000 barrels per day (bpd) by June, lifting its overall production to around 1 million barrels of oil equivalent per day. Chevron's spokesperson said on Friday that Tengizchevroil (TCO) has safely started initial production from the Future Growth Project (FGP).

Amazon wants to spend $104 billion, and the stock gets clipped: What Wall Street is saying

Amazon's light guidance overshadows an otherwise solid quarter.

Amazon's revenue finally overtakes Walmart: Morning Brief

Nearly 10 years after surpassing Walmart in market cap, Amazon passes the retail giant in revenue.

Morning Bid: Cloudy Amazon, payrolls and a flatter curve

Much like Microsoft and Alphabet over the past couple of weeks, Amazon disappointed Wall Street late Thursday as concern about cloud computing doused revenue and profit forecasts and sent its stock down 4% overnight. The DeepSeek buzz, by contrast, continues to fire up Chinese stocks. Those distortions add a further complication to the readout, which will include annual benchmark revisions, new population weights and updates to the seasonal adjustments.

How to break into the lucrative field of cybersecurity, according to the pros

Cybersecurity executives told BI that entry-level positions can be scarce, so starting on the "less glamorous" side can build valuable experience.

Huawei revenue exceeded $118 billion last year, and analysts think the company is showing it’s able to live with U.S. sanctions

The Chinese tech giant's 2024 revenue is a 22% year-on-year increase and marks a return to growth following Washington's restrictions.

Reflecting On Sales Software Stocks’ Q3 Earnings: ZoomInfo (NASDAQ:ZI)

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at sales software stocks, starting with ZoomInfo (NASDAQ:ZI).

India central bank governor cautions lenders against rising digital frauds

India's central bank governor on Friday cautioned lenders against rising instances of frauds in digital payments and said that the regulator will launch secure website domain names to curb such fraudulent practices. "Increased instances of fraud in digital payments are a significant concern," Reserve Bank of India (RBI) Governor Sanjay Malhotra, who is an engineer from the Indian Institute of Technology Kanpur, said while announcing the policy decision. This tactic relies on users not noticing the subtle difference in the lender's domain name.

Xiaomi Hits Fresh Record High on China’s Subsidy Program Boost

(Bloomberg) -- Xiaomi Corp.’s shares surged to a fresh record in Hong Kong on Friday, as new product launches and benefits from China’s nationwide subsidy program burnished the company’s sales outlook. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Tax

Tokyo Electron Shares Drop After Chip Market Outlook Disappoints

(Bloomberg) -- Tokyo Electron Ltd. lowered its forecast for the silicon wafer market, adding to a mixed picture around elevated AI spending.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSShares in the Japanese

Oil prices set for 3rd straight weekly fall on tariff concerns

Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries. Brent crude futures settled at $74.66 a barrel, up 37 cents, or 0.5% and poised to fall more than 2% this week. Reports of planned tariffs from the Trump administration reined in gains following the sanctions announced on Thursday, said John Kilduff, partner at Again Capital LLC.

AI chip firm Cerebras partners with France's Mistral, claims speed record

Cerebras Systems, an artificial intelligence chip firm backed by UAE tech conglomerate G42, said on Thursday it has partnered with France's Mistral and has helped the European AI player achieve a speed record. Mistral, a maker of open-source AI technology, is aiming to challenge fellow open-source contenders Meta Platforms and China's DeepSeek, which rocked global markets late last month with claims of cutting-edge performance at low cost. On Thursday, Mistral released an app called Le Chat that it said can respond to user questions with 1,000 words per second.

Apple’s Long-Awaited Overhaul of iPhone SE Nears Release

(Bloomberg) -- Apple Inc. plans to unveil a long-anticipated overhaul of the iPhone SE in the coming days, a move that will modernize its lower-cost model in a bid to spur growth and entice consumers to switch from other brands. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-P

France, UAE agree to develop 1 gigawatt AI data centre

France and the United Arab Emirates agreed on Thursday to a framework accord for a 1 gigawatt data centre dedicated to artificial intelligence that represents investments of between $30-$50 billion, the French presidency said. President Emmanuel Macron hosted his Emirati counterpart Sheikh Mohamed bin Zayed al-Nahyan on Thursday evening ahead of a summit on artificial intelligence in Paris next week that will gather around 100 countries to focus on AI's potential. The February 10-11 summit also aims to put France and Europe on the AI map as they try to rival the U.S. and China, which have taken a lead on the energy-intensive technology.

OpenAI cofounder John Schulman is joining Mira Murati’s startup after brief stint at Anthropic

It remains unclear why Schulman chose to leave Anthropic so soon after joining, as well as what his role will be at Murati’s company.

RPLY is a new AI assistant that responds to missed texts

A new Mac app called RPLY launches today, designed to help texters achieve “inbox zero” on iMessage. Targeting those who often forget to reply and leave their friends on delivered for days, RPLY utilizes AI to identify missed texts and suggests responses to prevent users from unintentionally ghosting. The AI assistant can automatically respond to messages in a user's inbox that have not received a reply for over 24 hours. RPLY is the brainchild of Molly Cantillon, a 21-year-old Stanford dropout

US Permian oil output growth to slow in 2025 despite Trump's plan, executives say

HOUSTON (Reuters) -Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year despite President Donald Trump's vow to maximize production, energy executives forecast on Thursday. At a conference in Houston, they said production is expected to rise in 2025 by about 250,000 barrels per day (bpd) to 300,000 bpd from the shale formation spread across Texas and New Mexico, down from last year's 380,000-bpd increase. That forecast aligns with the U.S. Energy Information Administration's projection of a 300,000-bpd rise.

Salesforce, Workday Are Hiring More Overseas to Save Cash

(Bloomberg) -- Software companies are under pressure to invest in new artificial intelligence capabilities without denting profits. One increasingly popular strategy to keep costs low is to shift hiring outside the US. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing Zon

OpenAI Eyeing More Data Centers in Texas, Other States for Stargate

(Bloomberg) -- A joint venture from OpenAI, SoftBank Group Corp. and Oracle Corp. is close to selecting additional sites for data center campuses in Texas and eyeing more projects in over a dozen other states, as the companies work to fulfill an ambitious plan to invest hundreds of billions in AI infrastructure.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chi

Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany, called Avelios has ambitions to build a new kind of end-to-end operating system, leaning into more modern tooling using AI and cloud services. On Thursday it announced €30 million ($31 million) in Series A funding as it gains momentum. Sequoia is leading the round out of its London office, with investors from

A new DEI fault line is being drawn in Silicon Valley

Google is backing away from diversity hiring targets, setting up a stark divide in Silicon Valley as corporate DEI goals come under intensifying scrutiny from Washington, D.C.

Sam Altman swears to judge that Elon Musk's claim of OpenAI restrictions on investors is false

Altman responds to Musk's claim in a federal racketeering lawsuit that OpenAI investors must agree not to invest in rivals: "That is false."

Apple supplier Skyworks stock plummets as iPhone maker turns to competitor

Analysts believe Apple is turning to Broadcom for business that had gone to Skyworks.

Lightspeed Tumbles as It Opts to Stay Public, Buy Back Stock

(Bloomberg) -- Lightspeed Commerce Inc., a maker of payment-processing software, said it plans to keep operating as a publicly traded company and looks to make small acquisitions. The shares slid as much as 18% in Toronto after the open — the steepest drop in a year — before paring those losses.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Emp

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Microsoft's Bill Gates: Steve Jobs was a genius in this area

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Big Tech set to invest $325 billion this year as hefty AI bills come under scrutiny

Big Tech is a pawn in US-China trade war. Here's why some will feel the heat more than others.

Amazon wants to spend $104 billion, and the stock gets clipped: What Wall Street is saying

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Big Tech set to invest $325 billion this year as hefty AI bills come under scrutiny

US drillers add oil and gas rigs for second week in a row, Baker Hughes says

Ackman Says He’s Amassed a Stake in Uber Worth $2 Billion

Trump pauses de minimis repeal as packages pile up at US customs

Iliad to invest $3.1 billion to boost AI infrastructure in Europe

Crops Ease After Tariff Delay Spurred Rally to Months-Long Highs

Exclusive-Venezuela's PDVSA resumes light crude imports as output dwindles

Microsoft Copilot: Everything you need to know about Microsoft's AI

Tech giants are lining up over $300 billion in AI spend. Their CEOs are betting cheaper models will drive up AI demand.

Motorola refused permission to appeal UK emergency services network case

Big Tech is a pawn in US-China trade war. Here's why some will feel the heat more than others.

Cloudflare Shares Jump Most in Almost a Year on Sales Growth

Trump's media company gave a roughly $800,000 stock award to his pick for FBI director

Amazon, Like Microsoft, Says It Can’t Keep Up With AI Demand

Billionaire-Backed P1 Ventures Bets on Africa’s Untapped Markets

Chevron accelerates Kazakh oilfield ramp-up, sources say

Amazon wants to spend $104 billion, and the stock gets clipped: What Wall Street is saying

Amazon's revenue finally overtakes Walmart: Morning Brief

Morning Bid: Cloudy Amazon, payrolls and a flatter curve

How to break into the lucrative field of cybersecurity, according to the pros

Huawei revenue exceeded $118 billion last year, and analysts think the company is showing it’s able to live with U.S. sanctions

Reflecting On Sales Software Stocks’ Q3 Earnings: ZoomInfo (NASDAQ:ZI)

India central bank governor cautions lenders against rising digital frauds

Xiaomi Hits Fresh Record High on China’s Subsidy Program Boost

Tokyo Electron Shares Drop After Chip Market Outlook Disappoints

Oil prices set for 3rd straight weekly fall on tariff concerns

AI chip firm Cerebras partners with France's Mistral, claims speed record

Apple’s Long-Awaited Overhaul of iPhone SE Nears Release

France, UAE agree to develop 1 gigawatt AI data centre

OpenAI cofounder John Schulman is joining Mira Murati’s startup after brief stint at Anthropic

RPLY is a new AI assistant that responds to missed texts

US Permian oil output growth to slow in 2025 despite Trump's plan, executives say

Salesforce, Workday Are Hiring More Overseas to Save Cash

OpenAI Eyeing More Data Centers in Texas, Other States for Stargate

Avelios nabs $31M led by Sequoia to fix the ailing world of healthcare IT

A new DEI fault line is being drawn in Silicon Valley

Sam Altman swears to judge that Elon Musk's claim of OpenAI restrictions on investors is false

Apple supplier Skyworks stock plummets as iPhone maker turns to competitor

Lightspeed Tumbles as It Opts to Stay Public, Buy Back Stock