Business news

Business

AI beats human forecasters in tournament predicting 30 tech ventures

For decades, the idea that artificial intelligence can beat humans at number-crunching tasks like high-frequency trading has been widely accepted. But strategic foresight—the ability to predict the success of high-stakes, ...

Business

Pope Leo XIV compares AI to the Industrial Revolution, as new alternatives to big AI firms take shape

With the release of his encyclical letter Magnifica Humanitas on May 25, 2026, Pope Leo XIV has signaled that he wants the church to respond to artificial intelligence much as a predecessor, Pope Leo XIII, responded to upheavals ...

Business

Workers' information shared with third-party companies, new research reveals

Companies are sharing workers' identifiable information and online activity with third-party companies, including Microsoft, Google and Facebook, using employee monitoring software known as "bossware," new Northeastern University ...

Business

Technology usually creates jobs for young, skilled workers. Will AI do the same?

At any given time, technology does two things to employment: It replaces traditional jobs, and it creates new lines of work. Machines replace farmers, but enable, say, aeronautical engineers to exist. So, if tech creates ...

Business

Airbnb expands into hotels, cars, groceries

Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.

Business

Musk loses blockbuster OpenAI suit as jury says too late

A federal jury ruled Monday that billionaire Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to the ChatGPT startup and ending one of Silicon Valley's most closely watched courtroom ...

Business

Dazzling Chinese AI debuts mask growing pains

Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable.

Business

FTC appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.

Business

EU won't ask Big Tech to pay for telecoms overhaul

The EU will not force the world's biggest tech companies to pay for the overhaul of Europe's telecoms infrastructure despite pleas from the industry, Brussels announced on Wednesday.

Business

Using causal AI to amplify sustainability in the textile industry

With the textile industry facing mounting scrutiny over the environmental impacts of fast fashion, two researchers from Constructor University have published a framework to help responsible brands engage audiences more effectively ...

Business

Actor McConaughey seeks to patent image to protect from AI

Actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence platforms, a representative said Wednesday.

Business

Amazon expands 'sovereign cloud' in Europe

Amazon's cloud computing division said Thursday that it would expand its "sovereign cloud" across the European Union, hoping to cash in as EU governments seek to safeguard their citizens' data.

Business

Swiss regulator opens inquiry into Microsoft license fees

The Swiss Competition Commission said Thursday that it had opened a preliminary inquiry into Microsoft's licensing fees, after complaints by rivals over what it called "significant" price hikes for the Microsoft 365 software ...