US tech stocks tumble as investors fret over AI spending
Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
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Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
Trump has declined to comment on the process that led Starlink to lift speed and access restrictions on Ukraine.
From the cockpit of an F-22 fighter to an aircraft carrier sailing in the Pacific, the US military is showing new ways to command uncrewed aircraft over vast distances. The United States disclosed two tests this month as Washington seeks to outpace Beijing in a technology contest that could redefine air and naval power in the region. Illustrating US military advances and their potential significance for a Taiwan conflict, an F-22 pilot controlled an autonomous YFQ-44A combat drone during flight,...
A jury found Meta guilty of lying to Facebook users in New Mexico about access to their data.
The US government’s latest ban on Chinese artificial intelligence start-up DeepSeek could have a chilling effect on the wider American business community and deter companies from adopting low-cost Chinese AI models, industry experts say. The US Department of Homeland Security (DHS) ordered federal civilian agencies to remove DeepSeek products and third-party services built on the Chinese AI model from their IT systems, according to a directive signed in July and published on Monday. The...
Booming demand from AI means supply constraints are no longer limited to summer and winter.
Analyst sentiment toward Adobe Inc. has never been lower, amid growing conviction that the maker of software for creative professionals will struggle to compete in the artificial intelligence era.
When US President Donald Trump and Chinese President Xi Jinping meet again in Shenzhen next month, and then in Miami in December, the world will watch for signs of progress on trade, technology, security and other contentious issues. Such high-level diplomacy is indispensable. But the future of the US-China relationship also depends on something less visible: whether their people, especially the young, can still understand one another. As Washington and Beijing navigate intensifying strategic...
Tokyo, Oct. 15 (Jiji Press)--Japanese Economy, Trade and Industry Minister Ryosei Akazawa on Thursday praised the U.S. semiconductor plant project selected for the third round of Japanese funding in the United States under the two countries' tariff agreement. The project "holds great significance for Japan and the United States to work together to secure a competitive advantage in the age o...
Elon Musk said Wednesday that any restrictions on Ukraine's use of Starshield were decided by the US government after Ukrainian officials and US lawmakers raised concerns over disrupted satellite communications and their impact on Kyiv's defence against Moscow.
CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk.
The White House’s bid for a US “golden age” of science should put China on alert, Chinese analysts have warned, but they remain sceptical as to whether President Donald Trump’s alliance with Silicon Valley billionaires can pull it off. This comes as Trump, in another arguably unconventional move, handed the country’s highest science and engineering awards to top American tech bosses. Elon Musk, head of electric-vehicle maker Tesla and aerospace manufacturer SpaceX, received the National Medal of...
Prosecutors say the device, wrapped in toilet paper, was found inserted in a USB port on the back of a TV in an executive conference room.
Stocks bounced from session lows as speculation the Federal Reserve won’t be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence. Keith Lerner, CIO and chief market strategist at Truist Advisory Services, says the four-year-old bull market has room to run, with AI and technology still central to its prospects. He speaks with hosts Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July. SpaceX is closing in on a crucial swath of spectrum needed to turn the rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Once the company receives approval from the Federal Communications Commission, it will combine its satellite-to-cell services with a terrestrial network that can connect devices everywhere. For more, we speak with Loren Grush, Bloomberg News Global Space Reporter. (Source: Bloomberg)
The world’s wealthiest man has just been appointed to a Pentagon commission that will help decide what the future of warfare looks like. Elon Musk, alongside Anduril Industries co-founder Palmer Luckey and former House speaker Newt Gingrich, is to lead “Project Meridian”. It follows a strategy by this White House that moves government and the tech sector ever closer. Project Meridian goes much further than the influence of defence contractors in Washington. It marks the beginning of Silicon...
The National Medal of Science is annually given to scientists and engineers for major contributions in their fields.
President Donald Trump will present close ally Elon Musk and other tech bosses with the top US scientific award at a ceremony on Thursday, the White House said. Google co-founder Sergei Brin, Nvidia CEO Jensen Huang and AMD chief Lisa Su will also receive the National Medal of Science at the “Science: A New Golden Age” summit. Computer mogul Michael Dell and Microsoft CEO Satya Nadella will get the National Medal of Technology and Innovation, the top award in its field. “The Trump administration...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Jess Menton, Carol Massar and Lisa Mateo. (Source: Bloomberg)
A bilateral anti-drone operation carried out last month along the Tijuana and San Diego border was small in scale, but analysts say it’s a notable development in the often-tumultuous relationship between Mexico and the United States. The test and deployment of anti-drone technology, dubbed “Águila Alta,” or High Eagle, came as the two countries aim […] The post Águila Alta, the bilateral anti-drone operation carried out by the US and Mexico appeared first on Latin America Reports.
An Nvidia-backed US start-up has unveiled an open-weight model to challenge China’s dominance in freely available artificial intelligence, releasing a system that early third-party testing suggests could be one of the most token-efficient open models in its class. Reflection AI on Monday debuted Beam, its first open-weight model built for coding, reasoning and agentic tasks. The US firm said Beam was “competitive” with GLM-5.2 from Z.ai – also known as Zhipu AI – and was “approaching” Alibaba...
In the US, Flock Security cameras form an AI-powered surveillance network that records licence plates and other vehicle information. Their controversial use has become a political issue ahead of the midterm elections, and the cameras are increasingly being targeted by vandals. Caitlin Brown explains.