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 ...

Consumer & Gadgets

Wearable tech can create more stress for frontline retail staff

With the Christmas trading period peaking, traditional surveillance technologies like CCTV can help reduce job stress caused by customer aggression, but QUT research has found wearable devices may increase stress levels among ...

Business

Spanish consumer group seeks to sue Google in data row

A Spanish consumer rights association on Friday said it had launched preliminary legal action against Google for allegedly collecting sensitive personal data and violating their right to privacy.

Business

TikTok signs joint venture deal to end US ban threat

TikTok said Thursday it has signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban over its Chinese ownership.

Business

Apple's ATT leads to significant revenue losses for SMEs

Apple's data protection measure "App Tracking Transparency" (ATT) strengthens user privacy, but causes significant revenue losses in e-commerce, especially for small and medium-sized enterprises (SMEs). The reason for this ...

Software

Netflix to launch FIFA World Cup video game

Netflix is set to release a FIFA soccer simulation game exclusively on its gaming platform in summer 2026, timed to coincide with the World Cup, the streaming giant said Wednesday.

Business

Will OpenAI be the next tech giant or next Netscape?

Three years after ChatGPT made OpenAI the leader in artificial intelligence and a household name, rivals have closed the gap and some investors are wondering if the sensation has the wherewithal to stay dominant.

Business

UPS buys hundreds of robots to unload trucks in automation push

United Parcel Service Inc. will invest $120 million in 400 robots used to unload trucks, according to people familiar with the matter, revealing new details on the logistics giant's $9 billion automation plan that aims to ...

Business

Should the US be worried about AI bubble?

Tech giants Amazon, Meta, Alphabet, Microsoft, and Oracle have been taking on enormous new debt in a race to build out their artificial intelligence ventures in the last year, fueling Wall Street fears of a bubble capable ...