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.

Business

Scaling-up global solar panel manufacturing sustainably

As solar energy rapidly expands to meet urgent climate targets and increasing demand for electricity, the key challenge is to ensure that this transition is not just scalable but sustainable. Pioneering research led by Northumbria ...

Business

Google turns to century-long debt to build AI

Google-parent Alphabet will issue bonds maturing in 100 years as it continues to invest massively in infrastructure for artificial intelligence, according to data published Tuesday by Bloomberg.

Business

India ramps up AI rules for social media platforms

India tightened rules regulating artificial intelligence on Tuesday, requiring social media platforms to clearly label AI content and comply with takedown requests by authorities within three hours.

Business

Platforms that rank the latest LLMs can be unreliable

A firm that wants to use a large language model (LLM) to summarize sales reports or triage customer inquiries can choose between hundreds of unique LLMs with dozens of model variations, each with slightly different performance. ...

Business

EU tells TikTok to change 'addictive' design

The EU said Friday that it had told TikTok it needs to change its "addictive design" or risk heavy fines, after the Chinese-owned platform was found in breach of the bloc's digital content rules.

Business

Germany claws back 59 mn euros from Amazon over price controls

Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.

Internet

Whack-a-mole: US academic fights to purge his AI deepfakes

As deepfake videos of John Mearsheimer multiplied across YouTube, the American academic rushed to have them taken down, embarking on a grueling fight that laid bare the challenges of combating AI-driven impersonation.

Business

Rural India powers global AI models

Tending crops by day and then logging on for a night shift of data labeling, 27-year-old Chandmani Kerketta is part of a rising rural Indian workforce helping power an artificial intelligence revolution.