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

TikTok finalizes a deal to form a new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.

Business

Why AI has not led to mass unemployment

People have become used to living with AI fairly quickly. ChatGPT is barely three years old, but has changed the way many of us communicate or deal with large amounts of information.

Business

Dazzling Chinese AI debuts mask growing pains

Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable.

Business

FTC appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.

Business

EU won't ask Big Tech to pay for telecoms overhaul

The EU will not force the world's biggest tech companies to pay for the overhaul of Europe's telecoms infrastructure despite pleas from the industry, Brussels announced on Wednesday.