Business news
Business
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive.
8 hours ago
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Consumer & Gadgets
FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access.
13 hours ago
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FTC chief says tech advancements risk health care price fixing
New technologies are making it easier for companies to fix prices and discriminate against individual consumers, the Biden administration's top consumer watchdog said Tuesday.
14 hours ago
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US to give Micron $6.1 bn for American chip factories
Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, President Joe Biden said on Thursday.
17 hours ago
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Meta profits soar but costs of AI cause worry
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.
21 hours ago
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Business
American Airlines confirms 2024 forecast despite Q1 loss
American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.
13 hours ago
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Business
EPA says its new strict power plant rules will pass legal tests
The EPA on Thursday announced a series of actions to address pollution from fossil fuel power generators, including a final rule for existing coal-fired and new natural gas-fired plants that will eventually require them to ...
14 hours ago
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Consumer & Gadgets
TikTok to crack down on content that promotes disordered eating and dangerous weight-loss habits
Saying it does not want to promote negative body comparisons, TikTok is cracking down on posts about disordered eating, dangerous weight-loss habits, and potentially harmful weight-management products.
14 hours ago
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Business
Opinion: Banning TikTok won't solve social media's foreign influence, teen harm and data privacy problems
When President Joe Biden signed a US$95 billion foreign aid bill into law on April 24, 2024, it started the clock on a nine-month window for TikTok's China-based parent company, ByteDance, to sell the app. The president can ...
14 hours ago
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Business
Microsoft claims that small, localized language models can be powerful as well
Microsoft has announced the development of a small, locally run family of AI language models called Phi-3 mini. In their Technical Report posted on the arXiv preprint server, the team behind the new SLM describes it as more ...
Business
Securing competitiveness of energy-intensive industries through relocation: The pulling power of renewables
Countries with limited potential for renewables could save up to 20% of costs for green steel and up to 40% for green chemicals from green hydrogen if they relocated their energy-intensive production and would import from ...
Apr 24, 2024
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Business
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
British competition regulators said Wednesday they'll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
Apr 24, 2024
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Business
Mired in crisis, Boeing reports another loss
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.
Apr 24, 2024
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Business
EU lawmakers approve scaled-back rules for app worker rights
The European Parliament on Wednesday endorsed rules to strengthen the rights of workers in the gig economy on digital platforms such as Uber and Deliveroo.
Apr 24, 2024
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Business
China, future HQ: New ASML boss faces bulging in-tray
Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.
Apr 24, 2024
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Business
Italy fines Amazon over 'recurring' purchase option
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices that push customers into agreeing to "recurring" rather than "one-time" purchases ...
Apr 24, 2024
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Business
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles.
Apr 24, 2024
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