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

Crypto mogul Do Kwon sentenced to 15 years for fraud

A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets.

Business

Make your own Mickey Mouse clip—Disney embraces AI

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence.

Consumer & Gadgets

Amazon bets on color and AI with its priciest Kindle to date

Amazon.com Inc.'s new Kindle Scribe Colorsoft is the company's most serious effort yet to turn its e-reader into a productivity tool. But with a starting price of $630—making it the priciest Kindle yet—Amazon will need to ...

Business

EU launches antitrust probe into Google's data use for AI

The EU announced Tuesday it had opened a probe to assess whether Google breached antitrust rules by using content put online by media and other publishers to train and provide AI services without appropriate compensation.