Joseph Firmage, a former Silicon Valley prodigy who built a $2.5 billion web services company in the 1990s, is now being sued by investors who claim he defrauded them through an alleged antigravity machine scheme. In 1998, at the height of his success as CEO of USWeb, Firmage claimed an alien appeared in his bedroom, derailing his corporate career. He then spent decades pursuing UFO research and attempting to develop antigravity propulsion technology, raising millions from investors.

Court documents allege Firmage and associates are responsible for roughly $25 million in losses through various companies and schemes. Some investors say he used elaborate ruses, including people impersonating government officials, to solicit funds. Firmage, currently in jail on elder abuse charges, maintains he was actually the victim of international scammers who exploited his access to investors.

Disney+ lost 700,000 subscribers in the last quarter of 2024, largely due to price hikes and expiring promotions. Despite the decline, Disney's overall streaming business remained profitable, boosted by strong box office results from Moana 2 and Hulu's 1.6 million added subscribers. IndieWire reports: Not counting Disney+ Hotstar, the cheap Disney+ service in India, Disney+ now has 124.6 million subs. ESPN+ also lost 700,000 subs in the period. Hulu was the streaming highlight, adding 1.6 million subscribers; it now has 53.6 million. All told, the company's streaming business was profitable for its third-straight quarter. So it wasn't all bad -- or unexpected. "Our results this quarter demonstrate Disney's creative and financial strength as we advanced the strategic initiatives set in motion over the past two years," said Disney CEO Bob Iger. "In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN's digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth."

The Register's Thomas Claburn reports: Oracle this week asked the US Patent and Trademark Office (USPTO) to partially dismiss a challenge to its JavaScript trademark. The move has been criticized as an attempt to either stall or water down legal action against the database goliath over the programming language's name. Deno Land, the outfit behind the Deno JavaScript runtime, filed a petition with the USPTO back in November in an effort to make the trademarked term available to the JavaScript community. This legal effort is led by Node.js creator and Deno Land CEO Ryan Dahl, summarized on the JavaScript.tm website, and supported by more than 16,000 members of the JavaScript community. It aims to remove the fear of an Oracle lawsuit for using the term "JavaScript" in a conference title or business venture.

"Programmers working with JavaScript have formed innumerable community organizations," the website explains. "These organizations, like the standards bodies, have been forced to painstakingly avoid naming the programming language they are built around -- for example, JSConf. Sadly, without risking a legal trademark challenge against Oracle, there can be no 'JavaScript Conference' nor a 'JavaScript Specification.' The world's most popular programming language cannot even have a conference in its name." [...] In the initial trademark complaint, Deno Land makes three arguments to invalidate Oracle's ownership of "JavaScript." The biz claims that JavaScript has become a generic term; that Oracle committed fraud in 2019 when it applied to renew its trademark; and that Oracle has abandoned its trademark because it does not offer JavaScript products or services.

Oracle's motion on Monday focuses on the dismissal of the fraud claim, while arguing that it expects to prevail on the other two claims, citing corporate use of the trademarked term "in connection with a variety of offerings, including its JavaScript Extension Toolkit as well as developer's guides and educational resources, and also that relevant consumers do not perceive JavaScript as a generic term." The fraud claim follows from Deno Land's assertion that the material Oracle submitted in support of its trademark renewal application has nothing to do with any Oracle product. "Oracle, through its attorney, submitted specimens showing screen captures of the Node.js website, a project created by Ryan Dahl, Petitioner's Chief Executive Officer," the trademark cancellation petition says. "Node.js is not affiliated with Oracle, and the use of screen captures of the 'nodejs.org' website as a specimen did not show any use of the mark by Oracle or on behalf of Oracle."

Oracle contends that in fact it submitted two specimens to the USPTO -- a screenshot from the Node.js website and another from its own Oracle JavaScript Extension Toolkit. And this, among other reasons, invalidates the fraud claim, Big Red's attorneys contend. "Where, as here, Registrant 'provided the USPTO with [two specimens]' at least one of which shows use of the mark in commerce, Petitioner cannot plausibly allege that the inclusion of a second, purportedly defective specimen, was material," Oracle's motion argues, adding that no evidence of fraudulent intent has been presented. Beyond asking the court to toss the fraud claim, Oracle has requested an additional thirty days to respond to the other two claims.

During the fourth quarter of 2024, AMD surpassed Intel in datacenter sales for the first time in history -- despite weaker-than-expected sales of its datacenter GPUs. Tom's Hardware reports: AMD's revenue in Q4 2024 totaled $7.658 billion, up 24% year-over-year. The company's gross margin hit 51%, whereas net income was $482 million. On the year basis, 2024 was AMD's best year ever as the company's revenue reached $25.8 billion, up 14% year-over-year. The company earned net income of $1.641 billion as its gross margin hit 49%. But while the company's annual results are impressive, there is something about Q4 results that AMD should be proud of.

Datacenter business was the company's primary source of earnings, with net revenue reaching record $3.86 billion in Q4, marking a 69% year-over-year (YoY) increase and a 9% quarter-over-quarter (QoQ) rise. Operating income also saw substantial improvement, surging 74% YoY to $1.16 billion. By contrast, Intel's datacenter and AI business unit posted $3.4 billion revenue, while its operating income reached $200 million. But while the quarter marked a milestone for AMD, market analysts expected AMD to sell more of its Instinct MI300-series GPUs for AI and HPC. You can view AMD's 2024 financial results here.

Workday is cutting about 8.5% of its workforce, making it the latest technology company to begin 2025 with headcount reductions. From a report: The cuts will amount to about 1,750 workers, Chief Executive Officer Carl Eschenbach wrote in a note to employees Wednesday. "The environment we're operating in today demands a new approach, particularly given our size and scale," he wrote. Workday intends to hire in strategic areas such as AI, allow faster decision-making, and take on more people overseas, Eschenbach wrote. This will advance the company's "ongoing focus on durable growth," Workday said in a filing Wednesday. Shares of Workday jumped more than 5% on the news.

Meta's metaverse ambitions face a decisive year in 2025, with Chief Technology Officer Andrew Bosworth warning employees that the project could become either "a legendary misadventure" or prove visionary, Business Insider is reporting, citing an internal memo. Bosworth called for increased sales and user engagement for Meta's mixed reality products, noting the company plans to launch several AI-powered wearable devices.

The tech giant's Reality Labs division, which develops virtual and augmented reality products, reported record revenue of $1.08 billion in the fourth quarter but posted its largest-ever quarterly loss of $4.97 billion. Meta CEO Mark Zuckerberg told staff the company's AI-powered smart glasses, which sold over 1 million units in 2024, marked a "great start" but would not significantly impact the business. The Reality Labs unit has accumulated losses of approximately $60 billion since 2020.

The United States Postal Service has suspended all package shipments from China and Hong Kong following President Donald Trump's decision to eliminate the de minimis exemption, which previously allowed small packages under $800 to enter the U.S. without import duties. "The move could potentially create chaos and confusion across the online shopping industry, as well as make purchases more expensive for consumers, especially because many global manufacturers and internet sellers are located in China," reports Wired. "Shoppers are now on the hook not only for the additional 10 percent tariff, but also whatever original tax rate their products were exempted from until Tuesday." From the report: Cindy Allen, who has worked in international trade for over 30 years and is the CEO of the consulting firm Trade Force Multiplier, gave WIRED an example of how much additional cost the tariff will incur: A woman's dress made of synthetic fiber shipped from China through de minimis will now be subject to a regular 16 percent tariff, a 7.5 percent Section 301 duty specifically for goods from China, the new 10 percent tariff required by Trump, additional processing fees and customs brokerage fees, and perhaps increased brokering and handling costs due to the sudden change in rules. "Will the dress that was $5 now cost $5.50 or $15?" says Allen. "That we don't know. It depends on how those retailers react and change their business models."

In the immediate term, clearing customs will become a challenge for most ecommerce companies. Their long-term concern, though, is the potential impact on profitability. The appeal of Temu and Shein and similar Chinese ecommerce companies is how affordable their products are. If that changes, the ecommerce landscape and consumer behavior in the US may change significantly as well. While the USPS has announced the suspension of accepting any parcels from China and Hong Kong, CBP hasn't elaborated on how the agency will enforce Trump's new tariffs other than saying in an announcement that it will reject de minimis exemption requests from China starting today.

Amazon's brick-and-mortar expansion has faltered, WSJ reported Tuesday, as the e-commerce giant plans to close its Amazon Go store in Woodland Hills, California, shrinking the cashierless convenience store chain to 16 locations across four states, down from roughly twice that number in early 2023.

The company is pivoting to license its "Just Walk Out" technology, now used by more than 200 retailers including colleges and airports, while focusing its physical retail strategy on grocery stores through Whole Foods Market and Amazon Fresh locations. Amazon's other physical retail experiments, including bookstores and "4-star" locations selling popular website items, have also struggled.

Panasonic will cut its costs, restructure underperforming units and revamp its workforce as it pivots toward AI data centers and away from its consumer electronics roots, the company said on Tuesday. The Japanese conglomerate aims to boost profits by 300 billion yen ($1.93 billion) by March 2029, partly by consolidating production and logistics operations.

Bloomberg reports that CEO Yuki Kusumi has declined to confirm if the company would divest its TV business but said alternatives were being considered. The Tesla battery supplier plans to integrate AI across operations through a partnership with Anthropic, targeting growth in components for data centers.

Americans quit 39.6 million jobs in 2024, an 11% drop from 2023 and 22% below the 2022 peak, Labor Department data showed Tuesday, signaling an end to the post-pandemic job-switching frenzy. The monthly quit rate fell below pre-pandemic levels as workers faced diminishing options in a cooling labor market. Available positions per unemployed worker dropped to 1.1 from 2 in March 2022, while hiring declined to a monthly average of 3.5% in 2024 from 4.4% in 2021.

Total hiring fell to 66 million in 2024 from 71 million in 2023, though the job market remained stable. The unemployment rate held at 4.1%, with economists expecting steady job growth in Friday's upcoming labor report. The Conference Board's latest survey showed fewer respondents viewing jobs as plentiful compared to the early 2020s, with more reporting difficulties finding work.

Salesforce is cutting jobs as its latest fiscal year gets underway, Bloomberg reported Monday, citing a person familiar with the matter, even as the company simultaneously hires workers to sell new artificial intelligence products. From the report: More than 1,000 roles will be affected, according to the person, who asked not to be identified because the information is private. Displaced workers will be able to apply for other jobs internally, the person added. Salesforce had nearly 73,000 workers as of January 2024, when that fiscal year ended.

An anonymous reader quotes a report from 404 Media: Anthropic, the company that made one of the most popular AI writing assistants in the world, requires job applicants to agree that they won't use an AI assistant to help write their application. "While we encourage people to use AI systems during their role to help them work faster and more effectively, please do not use AI assistants during the application process," the applications say. "We want to understand your personal interest in Anthropic without mediation through an AI system, and we also want to evaluate your non-AI-assisted communication skills. Please indicate 'Yes' if you have read and agree."

Anthropic released Claude, an AI assistant that's especially good at conversational writing, in 2023. This question is in almost all of Anthropic's nearly 150 currently-listed roles, but is not in some technical roles, like mobile product designer. It's included in everything from software engineer roles to finance, communications, and sales jobs at the company. The field was spotted by Simon Willison, an open source developer. The question shows Anthropic trying to get around a problem it's helping create: people relying so heavily on AI assistants that they struggle to form opinions of their own. It's also a moot question, as Anthropic and its competitors have created AI models so indistinguishable from human speech as to be nearly undetectable.

Spirit Aerosystems builds aircraft components, including fuselages and flight deck sections for Boeing, according to Wikipedia. But now Boeing is set to acquire Spirit AeroSystems.

The aviation blog called Aviation Source News says the price tag was $4.7 billion, and opines that Boeing's move signals "a renewed focus on quality and supply chain stability" as Boeing "addresses lingering concerns surrounding its 737 program." Spirit's recent struggles with quality control and production delays have had a fallout effect for Boeing... By integrating Spirit's operations, Boeing can implement more stringent oversight and ensure consistent manufacturing processes. This move is a direct response to past quality lapses that have plagued the company and damaged its reputation. Beyond quality control, the acquisition also offers Boeing greater control over its supply chain. By bringing a key supplier in-house, Boeing can streamline production, improve coordination, and reduce the risk of future disruptions...

Spirit AeroSystems also supplies parts to Airbus, Boeing's main competitor. To address this, a separate agreement is being negotiated for Airbus to acquire Spirit's Airbus-related business. This strategic move ensures that Airbus maintains control over its own supply chain and prevents Boeing from gaining undue influence over its competitor's production.
Meanwhile, the vice president leading Boeing's Starliner spacecraft unit "has left his role in the program and been replaced by the company's International Space Station program manager, John Mulholland," Reuters reports, citing a Boeing spokesperson. In its first test mission last summer flying astronauts, Starliner was forced by NASA to leave its crew aboard the ISS and return empty in September over problems with its propulsion system. A panel of senior NASA officials in August had voted to have a Crew Dragon capsule from Elon Musk's SpaceX bring them back instead, deeming Starliner too risky for the astronauts.

Paul Hill, a veteran NASA flight director and member of the agency's Aerospace Safety Advisory Panel, said during a quarterly panel meeting on Thursday that NASA and Boeing continue to investigate Starliner's propulsion system. A Boeing spokesperson said on Thursday that the company and NASA have not yet determined what Starliner's next mission will look like, such as whether it will need to repeat its crewed flight test before receiving NASA certification for routine flights.

On January 24th Brooklyn blogger Jeffrey Emanuel made the case for shorting NVIDIA, remembers MarketWatch, "due to a number of shifting tides in the AI world, including the emergence of a China-based company called DeepSeek."

He published his 12,000-word post "on his personal blog and then shared it with the Value Investors Club website and across Reddit, X and other platforms." The next day he saw 35 people read his post. "But then the post started to go viral..." Well-known venture capitalist Chamath Palihapitiya shared Emanuel's post on Nvidia's short case with his 1.8 million X followers. Successful early stage investor Naval Ravikant shared the post with his 2.6 million followers... Morgan Brown, a vice president of product and growth at Dropbox, pointed to it in a thread that was viewed over 13 million times. Emanuel's own X post got nearly half a million views. He also quickly gained about 13,000 followers on the platform, going from about 2,000 to more than 15,000 followers...

[Emanuel] pointed to the fact that so many people in San Jose were reading his blog post. He theorized that many of them were Nvidia employees with thousands — or even millions — of dollars worth of Nvidia stock tied up in employee stock options. With that much money in a single asset, Emanuel speculated that many were already debating whether to hold the stock or sell it to lock in profits. He believes his blog post helped convince some of them to sell. "A lot of the sell pressure you saw on Monday morning wasn't necessarily what you might think. I believe a fair amount of that was from shares that had never been active because they had been sitting in workplace.schwab.com accounts..."
Emanuel stresses he's "the most bullish on AI," with MarketWatch emphasizing that "while the points Emanuel laid out in his blog post might be bearish for Nvidia, he still thinks they paint a positive future for AI." Nevertheless, Monday NVIDIA's market capitalization dropped $600 billion, which MarketWatch calls "the largest single-day market-cap drop to date for any company." What countless Wall Street firms and investment analysts had seemingly missed was being pointed out by some guy in his apartment.... Matt Levine, the prominent Bloomberg News financial columnist, noted the online chatter that claimed Emanuel's post "was an important catalyst" for the stock-market selloff and said it was a "candidate for the most impactful short research report ever." Emanuel spent the rest of the week booked solid as hedge funds paid him $1,000 per hour to speak on the phone and give his take on Nvidia and AI...

Emanuel wrote that the industry may be running low on quality data to train that AI — that is, a potential "data wall" is looming that could slow down AI scaling and reduce some of that need for training resources... Some of these companies, like Alphabet, have also been investing in building out their own semiconductor chips. For a while, Nvidia's hardware has been the best for training AI, but that might not be the case forever as more companies, such as Cerebras, build better hardware. And other GPU makers like AMD are updating their drivers software to be more competitive with Nvidia... Add all these things together — unsustainable spending and data-center building, less training data to work with, better competing hardware and more efficient AI — and you get a future where it's harder to imagine Nvidia's customers spending as much as they currently are on Nvidia hardware... "If you know that a company will only earn supersized returns for a couple years, you don't apply a multiple. You certainly don't put a 30-times multiple," Emanuel told MarketWatch.
The article notes that DeepSeek "is open-source and has been publishing technical papers out in the open for the past few months... The $5.6 million training-cost statistic that many investors cited for sparking the DeepSeek market panic was actually revealed in the V3 technical paper published on Dec. 26."

Thursday America's FDA "raised concerns about cybersecurity vulnerabilities" in patient monitors from China-based medical device company Contec "that could allow unauthorized individuals to access and potentially manipulate those devices," reports Reuters. The patient monitors could be remotely controlled by unauthorized users or may not function as intended, and the network to which these devices are connected could be compromised, the agency warned. The FDA also said that once these devices are connected to the internet, they can collect patient data, including personally identifiable information and protected health information, and can export this data out of the healthcare delivery environment.

The agency, however, added that it is currently unaware of any cybersecurity incidents, injuries, or deaths related to these identified cybersecurity vulnerabilities.
The FDA's announcement says "The software on the patient monitors includes a backdoor, which may mean that the device or the network to which the device has been connected may have been or could be compromised." And it offers this advice to caregivers and patients: If your health care provider confirms that your device relies on remote monitoring features, unplug the device and stop using it. Talk to your health care provider about finding an alternative patient monitor.

If your device does not rely on remote monitoring features, use only the local monitoring features of the patient monitor. This means unplugging the device's ethernet cable and disabling wireless (that is, WiFi or cellular) capabilities, so that patient vital signs are only observed by a caregiver or health care provider in the physical presence of a patient. If you cannot disable the wireless capabilities, unplug the device and stop using it. Talk to your health care provider about finding an alternative patient monitor.
A detailed report from CISA describes how a research team "created a simulated network, created a fake patient profile, and connected a blood pressure cuff, SpO2 monitor, and ECG monitor peripherals to the patient monitor. Upon startup, the patient monitor successfully connected to the simulated IP address and immediately began streaming patient data..." to an IP address that hard-coded into the backdoor function. "Sensor data from the patient monitor is also transmitted to the IP address in the same manner. If the routine to connect to the hard-coded IP address and begin transmitting patient data is called, it will automatically initialize the eth0 interface in the same manner as the backdoor. This means that even if networking is not enabled on startup, running this routine will enable networking and thereby enable this functionality

"Sometimes, government makes a bad bet..." writes the Los Angeles Times. Opening in 2014, the Ivanpah concentrated solar plant "quickly became known as an expensive, bird-killing eyesore." Assuming that state officials sign off — which they most likely will, because the deal will lead to lower bills for PG&E customers — two of the three towers will shut down come 2026. Ivanpah's owners haven't paid off the project's $1.6-billion federal loan, and it's unclear whether they'll be able to do so. Houston-based NRG Energy, which operates Ivanpah and is a co-owner with Kelvin Energy and Google, said that federal officials took part in the negotiations to close PG&E's towers and that the closure agreement will allow the federal government "to maximize the recovery of its loans." It's possible Ivanpah's third and final tower will close, too. An Edison spokesperson told me the utility is in "ongoing discussions" with the project's owners and the federal government over ending the utility's contract.

It might be tempting to conclude government should stop placing bets and just let the market decide. But if it weren't for taxpayers dollars, large-scale solar farms, which in 2023 produced 17% of California's power, might never have matured into low-cost, reliable electricity sources capable of displacing planet-warming fossil fuels. More than a decade ago, federal loans helped finance some of the nation's first big solar-panel farms.

Not every government investment will be a winner. Renewable energy critics still raise the specter of Solyndra, a solar panel manufacturer that filed for bankruptcy in 2011 after receiving a $535-million federal loan. But on the whole, clean power investments have worked out. The U.S. Department of Energy reported that as of Dec. 31, it had disbursed $40.5 billion in loans. Of that amount, $15.2 billion had already been repaid. The federal government was on the hook for $1.03 billion in estimated losses but had reaped $5.6 billion in interest.
The article notes recent U.S. energy-related loans to a lithium mine in Nevada (close to $1 billion) and $15 billion to expand hydropower, upgrade power lines, and add batteries. Some of the loans won't get paid back "If federal officials are doing their jobs well," the article adds. "That's the risk inherent to betting on early-stage technologies." About the Ivanpah solar towers, they write "Maybe they never should have been built. They're too expensive, they don't work right, they kill too many birds... It's good that their time is coming to an end. But we should take inspiration from them, too: Don't get complacent. Keep trying new things."

PG&E says their objective at the time was partly to "support new technologies," with one senior director of commercial procurement noting "It's not clear in the early stages what technologies will work best and be most affordable for customers. Solar photovoltaic panels and battery energy storage were once unaffordable at large scale." But today they've calculated that ending their power agreements with Ivanpah would cost customers "substantially less." And once deactivated, Ivanpah's units "will be decommissioned, providing an opportunity for the site to potentially be repurposed for renewable PV energy production," NRG said in a statement.

The Las Vegas Review-Journal notes that instead the 3,500-acre, 386-megawatt concentrated thermal power plant used a much older technology, "a system of mirrors to reflect sunlight and generate thermal energy, which is then concentrated to power a steam engine." Throughout the day, 350,000 computer-controlled mirrors track the sunlight and reflect it onto boilers atop 459-foot towers to generate AC. Nowadays, photovoltaic solar has surpassed concentrated solar power and become the dominant choice for renewable, clean energy, being more cost effective and flexible... So many birds have been victims of the plant's concentrated sun rays that workers referred to them as "streamers," for the smoke plume that comes from birds that ignite in midair. When federal wildlife investigators visited the plant around 10 years ago, they reported an average of one "streamer" every two minutes.
"Meanwhile, environmentalists continue to blame the Mojave Desert plant for killing thousands of birds and tortoises," reports the Associated Press. And a Sierra Club campaign organizer also says several rare plant species were destroyed during the plant's construction. "While the Sierra Club strongly supports innovative clean energy solutions and recognizes the urgent need to transition away from fossil fuels, Ivanpah demonstrated that not all renewable technologies are created equal."

Nearly three years ago a team of Chinese AI engineers working for DeepSeek's parent company unveiled an earlier AI supercomputer that the Washington Post says was constructed from 10,000 A100 GPUs purchased from Nvidia. Roughly six months later "Washington had banned Nvidia from selling any more A100s to China," the article notes.

Remember that number as you read this. 10,000 A100 GPUs... DeepSeek's new chatbot caused a panic in Silicon Valley and on Wall Street this week, erasing $1 trillion from the stock market. That impact stemmed in large part from the company's claim that it had trained one of its recent models on a minuscule $5.6 million in computing costs and with only 2,000 or so of Nvidia's less-advanced H800 chips.

Nvidia saw its soaring value crater by $589 billion Monday as DeepSeek rocketed to the top of download charts, prompting President Donald Trump to call for U.S. industry to be "laser focused" on competing... But a closer look at DeepSeek reveals that its parent company deployed a large and sophisticated chip set in its supercomputer, leading experts to assess the total cost of the project as much higher than the relatively paltry sum that U.S. markets reacted to this week... Lennart Heim, an AI expert at Rand, said DeepSeek's evident access to [the earlier] supercomputer would have made it easier for the company to develop a more efficient model, requiring fewer chips.
That earlier project "suggests that DeepSeek had a major boost..." according to the article, "with technology comparable to that of the leading U.S. AI companies." And while DeepSeek claims it only spent $5.6 million to train one of its advanced models, "its parent company has said that building the earlier supercomputer had cost 1 billion yuan, or $139 million.") Yet the article also cites the latest insights Friday from chip investment company SemiAnalysis, summarizing their finding that DeepSeek "has spent more than half a billion dollars on GPUs, with total capital expenditures of almost $1.3 billion."

The article notes Thursday remarks by OpenAI CEO Sam Altman that DeepSeek's energy-efficiency claims were "wildly overstated... This is a model at a capability level that we had quite some time ago." And Palmer Luckey called DeepSeek "legitimately impressive" on X but called the $5.6 million training cost figure "bogus" and said the Silicon Valley meltdown was "hysteria." Even with these higher total costs in mind, experts say, U.S. companies are right to be concerned about DeepSeek upending the market. "We know two things for sure: DeepSeek is pricing their services very competitively, and second, the performance of their models is comparable to leading competitors," said Kai-Shen Huang, an AI expert at the Research Institute for Democracy, Society and Emerging Technology, a Taipei-based think tank. "I think DeepSeek's pricing strategy has the potential to disrupt the market globally...."

China's broader AI policy push has helped create an environment conducive for a company like DeepSeek to rise. Beijing announced an ambitious AI blueprint in 2017, with a goal to become a global AI leader by 2030 and promises of funding for universities and private enterprise. Local governments across the nation followed with their own programs to support AI.

An anonymous reader quotes a report from the Associated Press: In the first serious fallout from President Donald Trump's early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey. Shell told The Associated Press it is writing off the project, citing increased competition, delays and a changing market. "Naturally we also take regulatory context into consideration," spokesperson Natalie Gunnell said in an email.

Shell co-owns the large Atlantic Shores project, which has most of its permits and would generate enough power for 1 million homes if both of two phases were completed. That's enough for one-third of New Jersey households. It's unclear whether Shell's decision kills the project -- partner EDF-RE Offshore Development says it remains committed to Atlantic Shores. On his first day in office, Trump signed an executive order singling out offshore wind for contempt with a temporary halt on all lease sales in federal waters and a pause on approvals, permits and loans. Perhaps most of interest to Shell, the order directs administration officials to review existing offshore wind energy leases and identify any legal reasons to terminate them.

[...] The Biden administration approved plans to build the Atlantic Shores project in two phases in October, but construction has not begun. Oliver Metcalfe, head of wind research at BloombergNEF, said the partners are facing significant uncertainty about their lease, and other developers are watching what happens with Atlantic Shores closely. "We're in uncertain territory here," he added. [...] Robin Shaffer, president of Protect Our Coast NJ, said that without Shell's financial backing, it appears the project is "dead in the water." Shell is writing off a nearly $1 billion investment. It announced its decision on Thursday, as it reported a 16% decline in full-year earnings of $23.7 billion from $28.3 billion. Most of its business is oil and gas.

According to the Wall Street Journal (paywalled), Meta is in talks to move its incorporation from Delaware to Texas or other states. Reuters reports: The social media giant has talked to Texas officials about the potential changes, WSJ said, adding that the discussions predate President Donald Trump's new administration. The paperwork change would not relocate its corporate headquarters.

A Meta spokesperson said that it does not plan on shifting its corporate headquarters out of Menlo Park, California, but declined to comment on reincorporation when contacted by Reuters. Texas is perceived by some businesses as having a more favorable legal and regulatory environment, particularly in areas such as taxation and corporate governance, which can be attractive to companies looking to cut costs and streamline operations.

Dell is the latest tech company to announce it's ending its hybrid and remote work policy. From a report: Starting March 3rd, Dell employees will have to show up in person five days a week. In an email obtained by Business Insider, CEO Michael Dell writes that 'all hybrid and remote team members who live near a Dell office will work in the office five days a week. We are retiring the hybrid policy effective that day.'

"What we're finding is that for all the technology in the world, nothing is faster than the speed of human interaction. A thirty second conversation can replace an email back-and-forth that goes on for hours or even days," Dell writes. Despite this mandate, Dell also continues to sell remote work solutions, noting that remote work offers "benefits such as flexibility, reduced commute times, and cost savings for employees, while employers can access a broader talent pool, reduce overhead costs, and increase productivity."