"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."

Star Wars star Mark Hamill, science fiction author William Gibson, XKCD cartoonist Randall Munroe, and The Onion have joined millions of others bringing Bluesky's user count to 30 million, reports CNET. In fact Bluesky has added over 14 million users in the last three months, and for a few days in early November was adding over one million users a day. "That rate equals about 12 new users per second. The 30 million user mark compares to 9 million users in September."

But meanwhile Meta's social media site Threads — launched 19 months ago — "now has 320 million monthly active users," reports TechCrunch, "up from 300 million last month. The app had 275 million monthly active users in [early] November." That's a 16% grow rate in just three months. In comparison, Bluesky is experiencing a slowdown in growth, with an increase of less than 10% month-over-month in December 2024, following a remarkable 189% growth in November, according to analytics firm Similarweb. Bluesky now has a total of 26.44 million users. Additionally, Zuckerberg noted that Threads is adding more than 1 million daily signups [while presenting fourth-quarter earnings on Wednesday].

A recent video from retro tech YouTuber Clint "LGR" Basinger takes a deep dive into the history of the SereneScreen Marine Aquarium, exploring how former Air Force pilot Jim Sachs transformed a lackluster Windows 95 screensaver into a 25-year digital phenomenon. PC Gamer reports: The story centers on Jim Sachs, a man with one of those "they don't make this type of guy anymore" life stories so common to '80s and '90s computing, one Sachs recounted to the website AmigaLove back in 2020. After a six-year career in the US Air Force flying C-141 Starlifters, Sachs taught himself programming and digital art and began creating games for Commodore 64 and Amiga computers. From his first game, Saucer Attack, to later efforts like Defender of the Crown or his large portfolio of promotional and commissioned pieces, Sach's pixel art remains gorgeous and impressive to this day, and he seems to be a bit of a legend among Commodore enthusiasts.

It's with this background in games and digital art that Sachs looked at Microsoft's simple aquarium-themed screensaver for Windows 95 and 98 and thought he could do better. "Microsoft had an aquarium that they gave away with Windows where it was just bitmaps of fish being dragged across the screen," Sachs told the Matt Chat podcast back in 2015. "And they had that for like, three or four years. And I thought, I've given them enough time, I'm taking them to market. I'm gonna do something which will just blow that away."

Using reference photographs of real aquariums -- Sachs thanked a specific pet shop that's still around in an early version of his website" -- Sachs created the 3D art by hand and programmed the screensaver in C++, releasing the initial version in July 2000. Even looking at it all these years later, the first iteration of the SereneScreen Marine Aquarium is pretty gorgeous, and it has the added charm of being such a distinctly Y2K, nostalgic throwback.

The standalone screensaver sold well, but then things came full circle with Microsoft licensing a version of the Marine Aquarium for the Windows XP Plus Pack and later standard releases of the OS. Since that time, the Marine Aquarium has continued to see new releases, and a section on the SereneScreen website keeps track of its various appearances in the background of movies and TV shows like Law and Order. Over on the SereneScreen website, you can purchase a real time, 3D-accelerated version of the Marine Aquarium for Mac, iOS, Android, and the original Windows. Echoing the Windows XP deal, Roku actually licensed this 3.0 version for its TVs, bringing it to a new generation of users.

Despite being removed from app stores and facing a potential U.S. ban, TikTok has regained nearly 90% of its user traffic, according to Cloudflare Radar. "DNS traffic for TikTok-related domains has continued to recover since service restoration, and is currently about 10% lower than pre-shutdown level," said David Belson, head of data insight at Cloudflare. CNBC reports: The data from Cloudflare shows that, for the most part, TikTok has managed to maintain the bulk of its users and creators in the U.S. despite going offline for about 14 hours and remaining off of the Apple or Google app stores.

As for its alternatives, Cloudflare's data shows a spike in traffic the day of the temporary ban, with levels remaining steadily higher in the following week. Traffic for alternatives began to grow a week ahead of the expected shutdown, driven by the increased popularity of RedNote, known as Xiaohongshu in China, Belson said.

But traffic to TikTok alternatives peaked on Jan. 19, the day TikTok returned online, he added. "DNS traffic fell rapidly once the shutdown ended, and has continued to slowly decline over the last week and a half," Belson said.

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."

An anonymous reader shares a report: Taiwan's digital ministry said on Friday that government departments should not use Chinese startup DeepSeek's artificial intelligence (AI) service, saying that as the product is from China it represents a security concern.

Democratically-governed Taiwan has long been wary of Chinese tech given Beijing's sovereignty claims over the island and its military and political threats against the government in Taipei. In a statement, Taiwan's Ministry of Digital Affairs said that government departments are not allowed to use DeepSeek's AI service to "prevent information security risks".

"DeepSeek's AI service is a Chinese product, and its operation involves cross-border transmission and information leakage and other information security concerns, and is a product that jeopardises the country's information security," the ministry said.

The Register's Dan Robinson reports: Google promised a decade of updates for its Chromebooks in 2023 to stop them being binned so soon after purchase, but many are still set to reach the end of the road sooner than later. The appliance-like laptop devices were introduced by megacorp in 2011, running its Linux-based ChromeOS platform. They have been produced by a number of hardware vendors and proven popular with buyers such as students, thanks to their relatively low pricing. The initial devices were designed for a three-year lifespan, or at least this was the length of time Google was prepared to issue automatic updates to add new features and security fixes for the onboard software.

Google has extended this Auto Update Expiration (AUE) date over the years, prompted by irate users who purchased a Chromebook only to find that it had just a year or two of software updates left if that particular model had been on the market for a while. The latest extension came in September 2023, when the company promised ten years of automatic updates, following pressure from the US-based Public Interest Research Group (PIRG). The advocacy organization had recommended this move in its Chromebook Churn report, which criticized the devices as not being designed to last.

PIRG celebrated its success at the time, claiming that Google's decision to extend support would "save millions of dollars and prevent tons of e-waste from being disposed of." But Google's move actually meant that only Chromebooks released from 2021 onward would automatically get ten years of updates, starting in 2024. For a subset of older devices, an administrator (or someone with admin privileges) can opt in to enable extended updates and receive the full ten years of support, a spokesperson for the company told us. This, according to PIRG, still leaves many models set to reach end of life this year, or over the next several years. "According to my research, at least 15 Chromebook models have already expired across most of the top manufacturers (Google, Acer, Dell, HP, Samsung, Asus, and Lenovo). Models released before 2021 don't have the guaranteed ten years of updates, so more devices will continue to expire each year," Stephanie Markowitz, a Designed to Last Campaign Associate at PIRG, told The Register.

"In general, end-of-support dates for consumer tech like laptops act as 'slow death' dates," according to Markowitz. "The devices won't necessarily lose function immediately, but without security updates and bug patches, the device will eventually become incompatible with the most up-to-date software, and the device itself will no longer be secure against malware and other issues."

A full ist of end-of-life dates for Chromebook models can be viewed here.

An anonymous reader quotes a report from Ars Technica: On Thursday, OpenAI announced that it is deepening its ties with the US government through a partnership with the National Laboratories and expects to use AI to "supercharge" research across a wide range of fields to better serve the public. "This is the beginning of a new era, where AI will advance science, strengthen national security, and support US government initiatives," OpenAI said. The deal ensures that "approximately 15,000 scientists working across a wide range of disciplines to advance our understanding of nature and the universe" will have access to OpenAI's latest reasoning models, the announcement said.

For researchers from Los Alamos, Lawrence Livermore, and Sandia National Labs, access to "o1 or another o-series model" will be available on Venado -- an Nvidia supercomputer at Los Alamos that will become a "shared resource." Microsoft will help deploy the model, OpenAI noted. OpenAI suggested this access could propel major "breakthroughs in materials science, renewable energy, astrophysics," and other areas that Venado was "specifically designed" to advance. Key areas of focus for Venado's deployment of OpenAI's model include accelerating US global tech leadership, finding ways to treat and prevent disease, strengthening cybersecurity, protecting the US power grid, detecting natural and man-made threats "before they emerge," and " deepening our understanding of the forces that govern the universe," OpenAI said.

Perhaps among OpenAI's flashiest promises for the partnership, though, is helping the US achieve a "a new era of US energy leadership by unlocking the full potential of natural resources and revolutionizing the nation's energy infrastructure." That is urgently needed, as officials have warned that America's aging energy infrastructure is becoming increasingly unstable, threatening the country's health and welfare, and without efforts to stabilize it, the US economy could tank. But possibly the most "highly consequential" government use case for OpenAI's models will be supercharging research safeguarding national security, OpenAI indicated. "The Labs also lead a comprehensive program in nuclear security, focused on reducing the risk of nuclear war and securing nuclear materials and weapons worldwide," OpenAI noted. "Our partnership will support this work, with careful and selective review of use cases and consultations on AI safety from OpenAI researchers with security clearances." The announcement follows the launch earlier this week of ChatGPT Gov, "a new tailored version of ChatGPT designed to provide US government agencies with an additional way to access OpenAI's frontier models." It also worked with the Biden administration to voluntarily commit to give officials early access to its latest models for safety inspections.

France's Mistral AI is facing mounting pressure over its future as an independent European AI champion, as competition intensifies from U.S. tech giants and China's emerging players. The Paris-based startup, valued at $6.5 billion and backed by Microsoft and Nvidia, has struggled to keep pace with larger rivals despite delivering advanced AI models with a fraction of their resources.

The pressure increased this week after China's DeepSeek released a cutting-edge open-source model that challenged Mistral's efficiency-focused strategy. Mistral CEO Arthur Mensch dismissed speculation about selling to Big Tech companies, saying the firm hopes to go public eventually. However, one investor told the Financial Times that "they need to sell themselves."

The stakes are high for Europe's tech ambitions. Mistral remains the region's only significant player in large language models, the technology behind ChatGPT, after Germany's Aleph Alpha pivoted away from the field last year. The company has won customers including France's defense ministry and BNP Paribas, but controls just 5% of the enterprise AI market compared to OpenAI's dominant share.

India's IT minister on Thursday praised DeepSeek's progress and said the country will host the Chinese AI lab's large language models on domestic servers, in a rare opening for Chinese technology in India. From a report: "You have seen what DeepSeek has done -- $5.5 million and a very very powerful model," IT Minister Ashwini Vaishnaw said on Thursday, responding to criticism New Delhi has received for its own investment in AI, which has been much less than many other countries.

Since 2020, India has banned more than 300 apps and services linked to China, including TikTok and WeChat, citing national security concerns. The approval to allow DeepSeek to be hosted in India appears contingent on the platform storing and processing all Indian users' data domestically, in line with India's strict data localization requirements. [...] DeepSeek's models will likely be hosted on India's new AI Compute Facility. The facility is powered by 18,693 graphics processing units (GPUs), nearly double its initial target -- almost 13,000 of those are Nvidia H100 GPUs, and about 1,500 are Nvidia H200 GPUs.

An anonymous reader quotes a report from Ars Technica: US Rep. Zoe Lofgren (D-Calif.) today proposed a law that would let copyright owners obtain court orders requiring Internet service providers to block access to foreign piracy websites. The bill would also force DNS providers to block sites. Lofgren said in a press release that she "work[ed] for over a year with the tech, film, and television industries" on "a proposal that has a remedy for copyright infringers located overseas that does not disrupt the free Internet except for the infringers." Lofgren said she plans to work with Republican leaders to enact the bill. [...]

Lofgren's bill (PDF) would impose site-blocking requirements on broadband providers with at least 100,000 subscribers and providers of public domain name resolution services with annual revenue of over $100 million. The bill has exemptions for VPN services and "similar services that encrypt and route user traffic through intermediary servers"; DNS providers that offer service "exclusively through encrypted DNS protocols"; and operators of premises that provide Internet access, like coffee shops, bookstores, airlines, and universities. Lofgren released a summary of the bill explaining how copyright owners can obtain blocking orders. "A copyright owner or exclusive licensee may file a petition in US District Court to obtain a preliminary order against a foreign website or online service engaging in copyright infringement," the summary said.

For non-live content, the petition must show that "transmission of a work through a foreign website likely infringes exclusive rights under Section 106 [of US law] and is causing irreparable harm." For live events, a petition must show that "an imminent or ongoing unauthorized transmission of a live event is likely to infringe, and will cause irreparable harm." The proposed law says that after a preliminary order is issued, copyright owners would be able to obtain orders directing service providers "to take reasonable and technically feasible measures to prevent users of the service provided by the service provider from accessing the foreign website or online service identified in the order." Judges would not be permitted to "prescribe any specific technical measures" for blocking and may not require any action that would prevent Internet users from using virtual private networks.Consumer advocacy group Public Knowledge described the bill as a "censorious site-blocking" measure "that turns broadband providers into copyright police at Americans' expense."

"Rather than attacking the problem at its source -- bringing the people running overseas piracy websites to court -- Congress and its allies in the entertainment industry has decided to build out a sweeping infrastructure for censorship," Public Knowledge Senior Policy Counsel Meredith Rose said. "Site-blocking orders force any service provider, from residential broadband providers to global DNS resolvers, to disrupt traffic from targeted websites accused of copyright infringement. More importantly, applying blocking orders to global DNS resolvers results in global blocks. This means that one court can cut off access to a website globally, based on one individual's filing and an expedited procedure. Blocking orders are incredibly powerful weapons, ripe for abuse, and we've seen the messy consequences of them being implemented in other countries."

TSMC founder Morris Chang says Apple CEO Tim Cook rejected Intel as a chip manufacturer in 2011 because the company lacked foundry expertise, despite being Apple's main supplier for Mac processors at the time. During a pause in TSMC-Apple talks to evaluate Intel's proposal, Cook told Chang that "Intel just does not know how to be a foundry," leading Apple to eventually choose TSMC as its exclusive chip supplier, the TSMC founder revealed in an interview.

Alibaba has unveiled a new version of its AI model, called Qwen2.5-Max, claiming benchmark scores that surpass both DeepSeek's recently released R1 model and industry standards like GPT-4o and Claude-3.5-Sonnet. The model achieves these results using a mixture-of-experts architecture that requires significantly less computational power than traditional approaches.

The release comes amid growing concerns about China's AI capabilities, following DeepSeek's R1 model launch last week that sent Nvidia's stock tumbling 17%. Qwen2.5-Max scored 89.4% on the Arena-Hard benchmark and demonstrated strong performance in code generation and mathematical reasoning tasks. Unlike U.S. companies that rely heavily on massive GPU clusters -- OpenAI reportedly uses over 32,000 high-end GPUs for its latest models -- Alibaba's approach focuses on architectural efficiency. The company claims this allows comparable AI performance while reducing infrastructure costs by 40-60% compared to traditional deployments.

Comcast is deploying "Low Latency, Low Loss, Scalable Throughput" (L4S) technology across its Xfinity internet network in six U.S. cities, a system that reduces the time data packets take to travel between users and servers. Initial trials showed a 78% reduction in working latency under normal home conditions. The technology will first support FaceTime calls, Nvidia's GeForce Now cloud gaming, and Steam games, with planned expansion to Meta's mixed reality applications.

During the first press briefing of Donald Trump's second administration, White House press secretary, Karoline Leavitt, said the mysterious drones spotted flying around New Jersey at the end of last year were "authorized to be flown by the FAA."

"After research and study, the drones that were flying over New Jersey in large numbers were authorized to be flown by the FAA for research and various other reasons," she said, adding that "many of these drones were also hobbyists, recreational and private individuals that enjoy flying drones." Leavitt added: "In time, it got worse due to curiosity. This was not the enemy."

The drone sightings prompted local and federal officials to urge Congress to pass drone-defense legislation. The FAA issued a monthslong ban on drone flights over a large swatch of New Jersey while authorities invested the sightings. The Biden administration insisted that the drones were "nothing nefarious" and that there was "no sense of danger."

Facebook has banned posts mentioning Linux-related topics, with the popular Linux news and discussion site, DistroWatch, at the center of the controversy. Tom's Hardware reports: A post on the site claims, "Facebook's internal policy makers decided that Linux is malware and labeled groups associated with Linux as being 'cybersecurity threats.' We tried to post some blurb about distrowatch.com on Facebook and can confirm that it was barred with a message citing Community Standards. DistroWatch says that the Facebook ban took effect on January 19. Readers have reported difficulty posting links to the site on this social media platform. Moreover, some have told DistroWatch that their Facebook accounts have been locked or limited after sharing posts mentioning Linux topics.

If you're wondering if there might be something specific to DistroWatch.com, something on the site that the owners/operators perhaps don't even know about, for example, then it seems pretty safe to rule out such a possibility. Reports show that "multiple groups associated with Linux and Linux discussions have either been shut down or had many of their posts removed." However, we tested a few other Facebook posts with mentions of Linux, and they didn't get blocked immediately. Copenhagen-hosted DistroWatch says it has tried to appeal against the Community Standards-triggered ban. However, they say that a Facebook representative said that Linux topics would remain on the cybersecurity filter. The DistroWatch writer subsequently got their Facebook account locked... DistroWatch points out the irony at play here: "Facebook runs much of its infrastructure on Linux and often posts job ads looking for Linux developers."

UPDATE: Facebook has admited they made a mistake and stopped blocking the posts.

An anonymous reader quotes a report from TechCrunch: TechCrunch gathered data from several sources and found similar trends. In 2024, 966 startups shut down, compared to 769 in 2023, according to Carta. That's a 25.6% increase. One note on methodology: Those numbers are for U.S.-based companies that were Carta customers and left Carta due to bankruptcy or dissolution. There are likely other shutdowns that wouldn't be accounted for through Carta, estimates Peter Walker, Carta's head of insights. [...] Meanwhile, AngelList found that 2024 saw 364 startup winddowns, compared to 233 in 2023. That's a 56.2% jump. However, AngelList CEO Avlok Kohli has a fairly optimistic take, noting that winddowns "are still very low relative to the number of companies that were funded across both years."

Layoffs.fyi found a contradicting trend: 85 tech companies shut down in 2024, compared to 109 in 2023 and 58 in 2022. But as founder Roger Lee acknowledges, that data only includes publicly reported shutdowns "and therefore represents an underestimate." Of those 2024 tech shutdowns, 81% were startups, while the rest were either public companies or previously acquired companies that were later shut down by their parent organizations. So many companies got funded in 2020 and 2021 at heated valuations with famously thin diligence, that it's only logical that up to three years later, an increasing number couldn't raise more cash to fund their operations. Taking investment at too high of a valuation increases the risk such that investors won't want to invest more unless business is growing extremely well. [...]

Looking ahead, Walker also expects we'll continue to see more shutdowns in the first half of 2025, and then a gradual decline for the rest of the year. That projection is based mostly on a time-lag estimate from the peak of funding, which he estimates was the first quarter of 2022 in most stages. So by the first quarter of 2025, "most companies will have either found a new path forward or had to make this difficult choice." "Tech zombies and a startup graveyard will continue to make headlines," said Dori Yona, CEO and co-founder of SimpleClosure. "Despite the crop of new investments, there are a lot of companies that have raised at high valuations and without enough revenue."

Nvidia has responded to the market panic over Chinese AI group DeepSeek, arguing that the startup's breakthrough still requires "significant numbers of NVIDIA GPUs" for its operation. The US chipmaker, which saw more than $600 billion wiped from its market value on Monday, characterized DeepSeek's advancement as "excellent" but asserted that the technology remains dependent on its hardware.

"DeepSeek's work illustrates how new models can be created using [test time scaling], leveraging widely-available models and compute that is fully export control compliant," Nvidia said in a statement Monday. However, it stressed that "inference requires significant numbers of NVIDIA GPUs and high-performance networking." The statement came after DeepSeek's release of an AI model that reportedly achieves performance comparable to those from US tech giants while using fewer chips, sparking the biggest one-day drop in Nvidia's history and sending shockwaves through global tech stocks.

Nvidia sought to frame DeepSeek's breakthrough within existing technical frameworks, citing it as "a perfect example of Test Time Scaling" and noting that traditional scaling approaches in AI development - pre-training and post-training - "continue" alongside this new method. The company's attempt to calm market fears follows warnings from analysts about potential threats to US dominance in AI technology. Goldman Sachs earlier warned of possible "spillover effects" from any setbacks in the tech sector to the broader market. The shares stabilized somewhat in afternoon trading but remained on track for their worst session since March 2020, when pandemic fears roiled markets.

Vice President JD Vance said Saturday that "we believe fundamentally that big tech does have too much power," despite the prominent positioning of tech CEOs at President Trump's inauguration earlier this month. From a report: "They can either respect America's constitutional rights, they can stop engaging in censorship, and if they don't, you can be absolutely sure that Donald Trump's leadership is not going to look too kindly on them," Vance said on "Face the Nation with Margaret Brennan."

The comments came in response to the unusual attendance of a slate of tech CEOs at Mr. Trump's inauguration, including Meta's Mark Zuckerberg, Amazon's Jeff Bezos, Tesla's Elon Musk, Apple's Tim Cook, and Google's Sundar Pichai. The tech titans, some of whom are among the richest men in the world and directed donations from their companies to Mr. Trump's inauguration, were seated in some of the most highly sought after seats in the Capitol Rotunda.

Vance noted that the tech CEOs "didn't have as good of seating as my mom and a lot of other people who were there to support us." In an August interview on "Face the Nation", the vice president outlined his thinking on big tech, saying that companies like Google are too powerful and censor American information, while possessing a "monopoly over free speech" that he argued ought to be broken up.