Latest Technology News and Reviews

US oilfield giants brace for tough times as price slide rattles producers

(Reuters) -Top U.S. oilfield service firms have signaled a challenging period ahead as a recent slide in oil prices pushes producers to temper their drilling activity and rethink their budgets. Higher output from the OPEC+ grouping and a global tariff war that has raised demand concerns drove crude prices to near $55 a barrel this month, from around $78 just before U.S. President Donald Trump assumed office in January. "With oil prices falling out of the well-defined range that had persisted for much of the past 2+ years, producer budgets are encountering meaningful strain for the first time in several years," said Raymond James analysts.

Bought an Apple device in the past 10 years? You could be owed money. Here’s how to claim it.

How to get your piece of Apple's $95 million Siri privacy settlement.

Google’s search dominance might not be in as much danger as Apple would have you believe

Apple says it's seen a drop in search queries via its Safari browser, which uses Google Search. But that doesn't mean Google is done for.

Morning Bid: Tariff rollback hopes rising

It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. * Behind closed doors, Chinese officials have grown increasingly alarmed about the U.S. tariffs' impact on their economy and the risk of isolation as China's trading partners have started negotiating deals with Washington. * U.S. President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports.

OpenAI’s Sam Altman goes to Washington to talk AI—and gets a friendly reception

Plus: Sam Altman's Congressional testimony, Meta testing the crypto waters, and Apple's specialized chips, in the latest edition of Fortune's flagship tech newsletter.

Nvidia-backed Israeli AI startup AI21 is raising a $300 million funding round

AI21, an Israeli startup building its own large language models (LLMs), is raising a $300 million funding round, a source said.

BP shares rise as FT reports more rivals looking at possible takeover

Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have "run the numbers" about a possible takeover of the London-listed oil company. Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked at the figures, the FT reported citing sources, while trading house Vitol might be interested in elements of the business. By 0726 GMT, shares in BP were up 1.9% but have still fallen by about 28% in the last 12 months.

Nvidia modifies H20 chip for China to overcome US export controls, sources say

BEIJING (Reuters) -Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters. The U.S. chipmaker has notified major Chinese customers, including leading cloud computing providers, that it aims to release the modified H20 chip in July, two of the sources said. The downgraded H20 represents Nvidia's latest attempt to maintain its presence in one of its most crucial markets in the face of Washington's expanding efforts to restrict China's access to advanced semiconductor technology.

Oil prices post weekly gains on US-China trade talk optimism

NEW YORK (Reuters) -Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas Intermediate crude futures advanced $1.11, or about 1.9%, to settle at $61.02. U.S. President Donald Trump on Friday said China should open its market to the U.S., and that an 80% tariff on Chinese goods "seems right," a day after he announced a deal lowering tariffs on British car and steel exports, among other agreements with the United Kingdom.

What we learned from Instagram boss Adam Mosseri's testimony at the Meta antitrust trial

Head of Instagram Adam Mosseri testified Thursday in the Meta antitrust trial in DC federal court.

Citgo posts $82 million loss in Q1 amid weak margins

Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first quarter, compared with a net income of $410 million in the same period last year, amid weak refining margins, the Houston-based company said on Thursday. Citgo, whose assets are being pursued by expropriated companies and bondholders defaulted by Venezuela through a U.S. court-organized auction, registered red numbers again in its latest period, following a $146 million loss in the fourth quarter. Average throughput of the seventh largest U.S. oil refiner in the first quarter was 833,000 barrels per day (bpd), of which crude runs were 768,000 bpd for an overall crude utilization of 95%, below the 98% registered in the previous quarter.

Trump's FTC antitrust cops just got a loud warning about blocking tech tie-ups

President Trump's antitrust cops just received a loud warning about attempts to block any future technology mergers as the FTC lost an attempt to undo Microsoft's $69 billion acquisition of gaming giant Activision Blizzard.

Alphabet stock rebounds, Wall Street analysts defend company after Apple's AI search plan triggers 7% sell-off

Apple "has incentive for Google to appear weaker in search," at least one analyst said Thursday, brushing off the sharp drop in Alphabet stock seen Wednesday.

OPEC April oil output edges lower despite plans for hike, survey finds

LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its most recent layer of output cuts. The full extent of the rises will depend partly on the impact of attempts by U.S. President Donald Trump to clamp down on supply from Iran and Venezuela.

Nvidia stock in focus amid report Trump administration plans to repeal Biden’s AI chip curbs

Nvidia stock rose 3% to end the trading day Wednesday following a Bloomberg report that the Trump administration plans to repeal AI chip export restrictions put into place under former President Joe Biden.

Novavax says talks with FDA on COVID vaccine approval ongoing calming investor fears

Novavax on Thursday tried to calm investors spooked by the delay of full approval of its COVID vaccine shot by U.S. regulators saying that it sees a pathway to resolving issues with the FDA, sending shares up nearly 19% in early trading. The vaccine maker said it believes commitments to run new trials would be after it receives approval for the shot. The vaccine's prospects were thrown into doubt after the U.S. Food and Drug Administration missed its April 1 target to approve the shot.

AI and ad tech are safe from Trump's tariffs so far

Big Tech's AI and advertising giants are faring better against tariffs than the likes of Apple.

Elon Musk fires back at OpenAI's claim he's out to sabotage the company

Lawyers for Elon Musk said OpenAI's countersuit accusing him of waging a campaign to harm the ChatGPT maker "fail as a matter of law."

ConocoPhillips warns weak prices may trigger output cuts in oil industry

(Reuters) -ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday on strong production volumes, but warned that weak oil prices would likely lead to output cuts in the industry. CEO Ryan Lance said during a post-earnings call that while balance sheets across the sector were in good shape, a crude price outlook in the $50s or low $50s could still trigger widespread activity reductions, even among larger players. U.S. President Donald Trump's global tariff announcements have further contributed to a decline in oil prices and fears of an economic downturn.

Morning Bid: UK eyes 'major trade deal'

The spotlight hit Britain on Thursday as U.S. President Donald Trump's 'major trade deal' announcement looks set to provide a major relief for UK exporters, just as the Bank of England is set to cut interest rates. I'll get into all the market news below, and, for today's deep dive, I'll explain why Europe may be better prepared to absorb a deluge of global investment flows than many assume.

Exclusive-US sanctions on China refiners over Iran oil disrupt operations, sources say

SINGAPORE (Reuters) -Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington's stepped-up pressure is inflicting on Tehran's biggest oil buyer. The targeting of independent refiners, known as teapots, marked an escalation in Washington's efforts to cut off Tehran's export revenue as President Donald Trump seeks to pressure Iran into a deal over its nuclear programme. Washington's sanctions against Shandong Shouguang Luqing Petrochemical in March and Shandong Shengxing Chemical in April have also begun to deter other, larger independent Chinese refiners from buying Iranian crude, three of the sources said.

U.S. exports of natural gas liquids touch record high in April

HOUSTON (Reuters) -U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as ethane, butane and propane, used to make plastics and chemicals as well as for heating and cooking. U.S. exports have hit a new high every year since 2010 thanks to an abundance of cheap shale natural gas.

Cheniere's Q1 core profit, revenue beat estimates on strong LNG margins

(Reuters) -Cheniere Energy, the largest U.S. liquefied natural gas exporter, beat first-quarter estimates for core profit and revenue on Thursday, helped by rising prices for the superchilled gas as demand increased. The U.S. is the world's top exporter of LNG and commercial activity in the sector has gained further momentum following President Donald Trump's lifting in January of a moratorium on new export permits. Cheniere said first-quarter adjusted core profit, or EBITDA, rose 6% to $1.87 billion versus last year, which also beat analysts' average estimate of $1.64 billion, based on LSEG data.

Meet Fidji Simo, OpenAI's latest top hire, who rose from a small French fishing village to the heart of Silicon Valley

Fidji Simo said it was an "incredibly hard decision" to leave Instacart for OpenAI, where she will be CEO of applications.

A Tesla worker knew his anti-Elon Musk website was a risk. He did it anyway.

Tesla employees have largely refrained from speaking out about protests against the automaker. Matthew LaBrot wants to change that.

Trump's tariffs will hit hiring and marketing, but not AI spending, Goldman Sachs says

There's so much competition in the artificial space that companies will just keep on spending, Goldman Sachs' Eric Sheridan said.

Haya banks $65M to scour the ‘dark genome’ for new drugs

The startup’s first prospect is a heart medicine that works differently than the hypertrophic cardiomyopathy drugs developed by Bristol Myers and Cytokinetics.

Exclusive-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing

TOKYO (Reuters) -Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector's prospects. Axelspace's initial public offering (IPO) is expected to be approved by the Tokyo Stock Exchange later this month, the people who had knowledge of the matter said. If successful, it would be the fifth such listing of a Japanese spacecraft venture over the last two years.

Sam Altman just hired a CEO of applications to help him grow his AI empire

Altman said he will still remain as CEO of OpenAI.

Oil prices rise 3% on support from US-China trade hopes

Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, the world's two largest oil consumers. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel. U.S. Treasury Secretary Scott Bessent will meet with China's top economic official on May 10 in Switzerland for negotiations over a trade war that is disrupting the global economy.

Exxon agrees to supply Japan's Marubeni with low-carbon ammonia

HOUSTON (Reuters) -Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni, the U.S. oil producer said on Wednesday, representing Exxon's first signed customer agreement for its planned hydrogen facility in Baytown, Texas. The agreement is a step forward in Exxon's effort to build the world's largest low-carbon hydrogen facility at its Baytown refining and chemical complex, which has experienced delays. "This is another positive step forward for our landmark project,” said Barry Engle, president of low carbon solutions at Exxon, in a statement.

AppLovin (NASDAQ:APP) Delivers Impressive Q1, Stock Jumps 14.5%

Mobile app advertising platform AppLovin (NASDAQ: APP) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 40.3% year on year to $1.48 billion. On the other hand, next quarter’s revenue guidance of $1.21 billion was less impressive, coming in 14.3% below analysts’ estimates. Its GAAP profit of $1.67 per share was 16.2% above analysts’ consensus estimates.

Occidental reports quarterly profit beat on strong output, natural gas prices

Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% sequentially, while U.S. natural gas prices have been on an upward trajectory over the past few quarters and touched a two-year high on March 10. Average domestic realized price for total natural gas production rose to $2.42 per thousand cubic feet, a 50% jump from last year. The company's realized price for natural gas liquids (NGL) was $25.94 per barrel, roughly a 17% year-over-year increase.

Windy City to Sin City: Robot manufacturer moves headquarters to Las Vegas

A robot manufacturer has moved its headquarters from the Windy City to Sin City. AAA20 moved its headquarters from Chicago to Las Vegas in late April. It specializes in manufacturing robots for factories, to minimize hard labor and increase productivity. The company has a 9,000-square-foot facility off Pilot Road near Harry Reid International Airport; its third, and largest facility for the ...

Uber CEO says his employees can go elsewhere if they don't like his RTO changes, and it's the latest example of management standing its ground

Uber CEO Dara Khosrowshahi said that corporate employees could look for jobs elsewhere if they didn't like its RTO mandate and other benefit changes.

Salesforce sellers are using AI to improve their face-to-face client meetings and calls

Qualtrics' president of product has a vision for agentic AI in the workplace: 'We're going to operate in a multiagent world'

The software company is employing agentic AI to give companies the insights to respond to customers faster and improve the user experience.

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Trump is hailing $2 trillion in new company investments. Most of it comes from Big Tech.

One Year From Software Fiasco, Sonos Can Still Carry a Tune

A lot changed this week at OpenAI. Elon Musk calls it a 'facade.'

What working at SpaceX taught this founder about starting his own company

The list of major companies laying off staff this year, including Morgan Stanley, Wayfair, UPS, and Meta

Trump is hailing $2 trillion in new company investments. Most of it comes from Big Tech.

A lot changed this week at OpenAI. Elon Musk calls it a 'facade.'

Google’s search dominance might not be in as much danger as Apple would have you believe

Trump's FTC antitrust cops just got a loud warning about blocking tech tie-ups

Alphabet stock rebounds, Wall Street analysts defend company after Apple's AI search plan triggers 7% sell-off

Nvidia stock in focus amid report Trump administration plans to repeal Biden’s AI chip curbs

AI and ad tech are safe from Trump's tariffs so far

Google stock sinks on report Apple plans to integrate AI search into Safari browser

Nvidia CEO Jensen Huang on AI: Every job will be affected, some will be lost

AMD stock whipsaws as Wall Street balances better-than-anticipated Q1 results with AI uncertainty

Tesla tells Model Y and Cybertruck workers to stay home for a week

Sonos Interim CEO Says Company Has Turned a Corner and He Wants the Top Job

Being good at your job doesn't guarantee a promotion, says Meta engineer

How the Google Antitrust Trial Is Already Changing Online Search

US oil and gas rig count falls to lowest since January, Baker Hughes says

Shell faces delays on two wells at offshore Perdido development in US Gulf

US oilfield giants brace for tough times as price slide rattles producers

Bought an Apple device in the past 10 years? You could be owed money. Here’s how to claim it.

Google’s search dominance might not be in as much danger as Apple would have you believe

Morning Bid: Tariff rollback hopes rising

OpenAI’s Sam Altman goes to Washington to talk AI—and gets a friendly reception

Nvidia-backed Israeli AI startup AI21 is raising a $300 million funding round

BP shares rise as FT reports more rivals looking at possible takeover

Nvidia modifies H20 chip for China to overcome US export controls, sources say

Oil prices post weekly gains on US-China trade talk optimism

What we learned from Instagram boss Adam Mosseri's testimony at the Meta antitrust trial

Citgo posts $82 million loss in Q1 amid weak margins

Trump's FTC antitrust cops just got a loud warning about blocking tech tie-ups

Alphabet stock rebounds, Wall Street analysts defend company after Apple's AI search plan triggers 7% sell-off

OPEC April oil output edges lower despite plans for hike, survey finds

Nvidia stock in focus amid report Trump administration plans to repeal Biden’s AI chip curbs

Novavax says talks with FDA on COVID vaccine approval ongoing calming investor fears

AI and ad tech are safe from Trump's tariffs so far

Elon Musk fires back at OpenAI's claim he's out to sabotage the company

ConocoPhillips warns weak prices may trigger output cuts in oil industry

Morning Bid: UK eyes 'major trade deal'

Exclusive-US sanctions on China refiners over Iran oil disrupt operations, sources say

U.S. exports of natural gas liquids touch record high in April

Cheniere's Q1 core profit, revenue beat estimates on strong LNG margins

Meet Fidji Simo, OpenAI's latest top hire, who rose from a small French fishing village to the heart of Silicon Valley

A Tesla worker knew his anti-Elon Musk website was a risk. He did it anyway.

Trump's tariffs will hit hiring and marketing, but not AI spending, Goldman Sachs says

Haya banks $65M to scour the ‘dark genome’ for new drugs

Exclusive-Axelspace eyes June IPO, sources say, latest Japan space startup to seek a listing

Sam Altman just hired a CEO of applications to help him grow his AI empire

Oil prices rise 3% on support from US-China trade hopes

Exxon agrees to supply Japan's Marubeni with low-carbon ammonia

AppLovin (NASDAQ:APP) Delivers Impressive Q1, Stock Jumps 14.5%

Occidental reports quarterly profit beat on strong output, natural gas prices

Windy City to Sin City: Robot manufacturer moves headquarters to Las Vegas

Uber CEO says his employees can go elsewhere if they don't like his RTO changes, and it's the latest example of management standing its ground

Salesforce sellers are using AI to improve their face-to-face client meetings and calls

Why Limbach’s CIO didn’t allow the company’s 1,400 employees to use gen AI tools until this year

Google stock sinks on report Apple plans to integrate AI search into Safari browser

Qualtrics' president of product has a vision for agentic AI in the workplace: 'We're going to operate in a multiagent world'