Business news
Business
Solving the urban air mobility problem: Researchers develop an algorithm for future flying taxi companies
Urban air mobility (UAM) is a mode of transportation that avoids traffic congestion by flying people and cargo above it at low altitudes. It may sound like science fiction or something from the cartoon "The Jetsons," which ...
14 hours ago
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Is big tech harming society? To find out, we need research, but it's being manipulated by big tech itself
For almost a decade, researchers have been gathering evidence that the social media platform Facebook disproportionately amplifies low-quality content and misinformation.
17 hours ago
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EU states greenlight extra tariffs on EVs from China
EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite strong German opposition and fears it will trigger a trade war with Beijing.
18 hours ago
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What next for OpenAI after $157 billion bonanza?
ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google.
18 hours ago
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Business
AI bubble or 'revolution'? OpenAI's big payday fuels debate
Fear of missing out has rocketed the value of artificial intelligence companies, despite few signs as to when the technology will turn a profit, raising talk of AI overenthusiasm.
18 hours ago
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Internet
Google says it will stop linking to New Zealand news if a law passes forcing it to pay for content
Google said Friday it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.
18 hours ago
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Business
Irish regulator to probe Ryanair use of facial recognition
Ireland's data watchdog said Friday it will probe whether budget airline Ryanair's use of facial recognition to check the identity of customers booking through third-party websites violates EU privacy laws.
18 hours ago
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Business
Civil society groups demand action against 'sexist' AI disinformation
More than two dozen international civil society organizations will call on major tech firms to bolster their AI policies to combat "sexist and misogynistic" disinformation plaguing social media platforms, according to the ...
18 hours ago
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Business
Amazon plans to hire 250,000 warehouse workers for holiday season
Amazon plans to hire 250,000 seasonal employees to staff its U.S. warehouses and fulfillment network for the holiday season.
20 hours ago
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Business
Green subsidies may have hidden costs, experts warn
Government subsidies for business practices and processes should be approached with caution, even when they seem to be environmentally friendly, writes a group of scientists and economists in this week's Policy Forum in the ...
Oct 3, 2024
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Business
Google is working on reasoning AI, chasing OpenAI's efforts
Google is working on artificial intelligence software that resembles the human ability to reason, similar to OpenAI's o1, marking a new front in the rivalry between the tech giant and the fast-growing startup.
Oct 3, 2024
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Business
Revolut urges Meta to step up on cyber fraud reimbursement
British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.
Oct 3, 2024
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Business
Opinion: Data center emissions are soaring—it's AI or the climate
Artificial intelligence (AI) is curating your social media feed and giving you directions to the train station. It's also throwing the fossil fuel industry a lifeline.
Oct 3, 2024
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Business
AI can only do 5% of jobs, says economist who fears crash
Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. "I'm not an AI pessimist," he declares seconds into an interview.
Oct 3, 2024
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Business
PFF adds an in-game grading feature to its NFL analysis
Pro Football Focus changed how many fans followed the NFL by providing grades and advanced statistics to help quantify how every player performed on a play-by-play basis from high-profile quarterbacks like Patrick Mahomes ...
Oct 3, 2024
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Business
Australian retailers urged to step into the future with smart technologies for customers
While self-service technologies in the Australian retail space were initially brought on to create convenience, the self-checkout counters have become the bane of many shoppers' existence.
Oct 3, 2024
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Business
FTC antitrust lawsuit against Amazon will proceed, some claims dropped
The Federal Trade Commission's antitrust lawsuit against Amazon will proceed, though some claims have been dropped, following a ruling from a federal district judge.
Oct 3, 2024
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Business
Dutch airline KLM unveils 'firm' cost-cutting measures
Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) "in the short term."
Oct 3, 2024
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Business
Historic funding round values OpenAI at $157 billion
OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence.
Oct 2, 2024
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Business
Do NFTs create value in games? There are at least three ways to look at it
When blockchain is introduced into video gaming, the economy and sometimes the entire design of such games focus on artificial scarcity and ownership of game items. However, this approach overlooks some of the most important ...
Oct 2, 2024
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Business
EU queries Snapchat, TikTok, YouTube over 'harmful' content risks
The EU voiced concerns about "harmful" content posted on Snapchat, TikTok and YouTube as it told the digital platforms on Wednesday to hand over more information on how their platforms recommend content to users.
Oct 2, 2024
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Business
Sidewalk robots are teaming with drones for Dallas food deliveries
Sidewalk robots are set to help some of their airborne counterparts with deliveries in Dallas under an agreement between key players in the industry.
Oct 2, 2024
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Business
Oracle to invest $6.5 bn in Malaysian cloud services region
Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.
Oct 2, 2024
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Business
Samsung says planning job cuts in some Asian operations
Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed.
Oct 2, 2024
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