Siemens CEO shares insights on emerging technology innovation trends

China

Siemens CEO shares insights on emerging technology innovation trends

2025-06-07 19:00 Last Updated At：19:37

Future technology innovation is being redefined by circular economy, artificial intelligence (AI), quantum computing, and fusion technology, Roland Busch, president and CEO of Siemens AG, said in an interview aired on Friday.

Speaking to China Central Television (CCTV), Busch, a physicist with over three decades of experience in the tech industry, shared his insights on these trends, with particular focus on the critical roles of circular economy and AI.

"So one trend which is technology driven, but is more a market trend I believe is circular economy. If you really want to save resources, not only energy but any kind of resources, I think you have to think about how you recycle in a different maaner. Technology wise, needless to say, AI technology, the models are super, super disruptive. And any kind, any piece of software which is written today has to be reinterpreted in a way how you would do it if you would develop it AI native from the very first place, which is a completely different way of looking at it," he said.

Reflecting on the transformative forces shaping industries, Busch highlighted the disruptive integration of AI alongside emerging breakthroughs in quantum computing and fusion technology.

"We talk about AI agents, which are penetrating all our markets in full speed. There was one person saying to me, 'Roland, I think we are the last generation who manage only humans.' The next generation of manager will manage humans and AI agents. Think about that. This is very disruptive. And then you have topics like quantum computing. And if you come to the energy space, people talk about fusion technology which might come. So there are a lot of innovations which we will see. I do believe also in my lifetime," he explained.

U.S. gov't begins refunding tariffs to businesses

U.S. Customs and Border Protection (CBP) on Monday launched the first phase of a new claims system that will allow importers to seek repayment of tariffs collected under the International Emergency Economic Powers Act (IEEPA).

Companies and their customs brokers can submit refund requests through CBP's Automated Commercial Environment (ACE) portal using a newly developed tool known as the Consolidated Administration and Processing of Entries, or CAPE, starting Monday.

Once a claim is validated, CBP will recalculate the duties without the IEEPA tariffs and reliquidate the entries, triggering repayment. The refunds will be paid directly to the businesses that originally paid the tariffs, local media reported Monday.

Valid refunds will generally be issued within 60 to 90 days after a claim is accepted, CBP said, though more complex cases could take longer.

CBP is rolling out the refund process in phases. Court filings show that more than 330,000 importers paid duties on over 53 million shipments, totaling roughly 166 billion U.S. dollars.

The Supreme Court ruled in February that U.S. President Donald Trump's sweeping tariffs under IEEPA are unconstitutional. It is Congress, not the president, that holds authority over such taxes.

Following the ruling, a judge at the U.S. Court of International Trade directed CBP to remove the tariffs from affected entries and refund any excess duties collected, along with interest.