Microsoft and Meta CEOs defend heavy AI spending after DeepSeek breakthrough
Microsoft and Meta CEOs defend heavy AI spending after DeepSeek breakthrough

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field. DeepSeeks quick progress has stirred...

LG Energy Solution posts quarterly loss amid slowing EV demand
LG Energy Solution posts quarterly loss amid slowing EV demand

South Korean battery maker LG Energy Solution (LGES) reported a quarterly loss for the first time in three years, impacted by a slowdown in electric vehicle (EV) demand, reports Reuters. For the October-December period, the company posted an operating loss of 226 billion won ($158 million), a...

OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO
OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO

OpenAI is set to launch its new AI model, o3-mini, as part of its efforts to maintain its lead in the AI technology race. CEO Sam Altman confirmed the completion of the first version of the model in a post on X. After external safety researchers conduct tests, the model is expected to be released...

Musk, Bezos, Zuckerberg to attend Trump's inauguration
Musk, Bezos, Zuckerberg to attend Trump's inauguration

Tech giants Elon Musk, Jeff Bezos, and Mark Zuckerberg are set to attend U.S. President-elect Donald Trumps inauguration on Monday, according to sources familiar with the event planning. The high-profile CEOs of Tesla, Amazon, and Meta will be prominently featured, sitting alongside Cabinet...

Apple CEO to donate $1m to Donald Trump's inauguration fund: Report
Apple CEO to donate $1m to Donald Trump's inauguration fund: Report

Apple CEO Tim Cook will donate $1 million from his wealth to US President-elect Donald Trumps inauguration fund ahead of his swearing-in on January 20, reported Axios. Tim Cooks decision to donate follows several high-profile financial donations and other contributions to Donald Trumps inaugural...

Anybotics secures $60M to expand autonomous industrial robots in the U.S.
Anybotics secures $60M to expand autonomous industrial robots in the U.S.

Swiss robotics company Anybotics has raised an additional $60 million to complete its Series B funding round, bringing the total to $110 million. This latest investment comes 18 months after the company initially announced the $50 million Series B, marking a significant step in its mission to...