Business news

Business

Can AI's power problem become a clean-energy opportunity?

Artificial intelligence has triggered a new gold rush. This time, companies are competing not for land or minerals, but for access to electricity.

Business

Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages

China's leading memory chipmaker CXMT became the most valuable company in mainland China after soaring more than 500% on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

Business

Thwarting the hidden resume hacks that target AI hiring tools

In an increasingly competitive job market, some applicants are quietly trying to outsmart AI hiring tools. Now, new research focused on rooting out the practice of "prompt injection" shows how widespread this tactic is.

Business

India's domestic workers go online as instant services boom

Racing against a stopwatch, a group of women folds bed sheets as they train to join an Indian startup that offers instant home services, transforming a traditionally word-of-mouth sector and promising better pay.

Business

EU accepts X's plan to fix digital content violations

The European Union announced Wednesday that it had accepted a plan by Elon Musk's X social media platform to correct digital-content violations that led to a 120 million euros ($138 million) fine.

Business

PayPal shares jump on reported $53 bn Stripe takeover bid

Shares in PayPal surged as much as 13% on Wall Street Wednesday after reports that payments firm Stripe and private equity group Advent International had made a joint offer to buy the digital payments pioneer.

Business

Meta employees allege discriminatory AI-driven layoffs

Twenty-six Meta employees have filed a lawsuit accusing the tech giant of using artificial intelligence to select workers for mass layoffs, a claim strongly denied by the trillion-dollar company.

Business

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25% Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending because of expected higher prices for memory chips and other AI-related ...

Business

OpenAI number two Simo steps down to focus on health

Top Silicon Valley executive Fidji Simo announced Wednesday she is leaving her full-time role at OpenAI to go part time as an adviser and focus on recovery from a chronic illness.

Consumer & Gadgets

AirDrop is coming to Android phones

The cell phone world is divided into two camps—iPhone users and Android users. Apple curates new features for iOS and Google develops for Android, and they likely don't spend a ton of time worrying about how their phones ...

Business

YouTube exec says goal was viewer value not addiction

A landmark social media addiction trial resumed Monday with a YouTube executive insisting that the Google-owned company's aim was to give people value, not hook them on harmful binge-viewing.

Business

US tech giants announce India deals at AI summit

Google said it would build new subsea cables from India and chip titan Nvidia unveiled tie-ups with computing firms on Wednesday as tech giants rushed to announce deals and investments at a global AI conference in New Delhi.

Business

How AI can cause businesses to lose their knowledge

Over time, the loss of human expertise caused by AI use can impair the quality of that very AI—in the worst case, insidiously and unnoticed. This is the finding of a new study by researchers from the University of Passau ...

Business

AI governance is not just top-down in China, research finds

China watchers arguing that Beijing's artificial intelligence controls are dependent on its authoritarian government are peddling a "stereotypical narrative," according to new research. Xuechen Chen, associate professor in ...