Business news

Business

Taiwan's Foxconn says building world's largest 'superchip' plant

Taiwanese tech giant Foxconn said on Tuesday it is building the world's largest production plant for US hardware leader Nvidia's GB200 "superchips" that power artificial intelligence servers.

Internet

'Appeals Center' to referee EU social media disputes

An independent appeals panel was unveiled Tuesday to decide disputes between social media firms and their users in the European Union over content posted on their platforms.

Business

Study finds electric vehicle subsidies help the climate and automakers—but at a cost

A new study shows that electric vehicle tax credits under the Inflation Reduction Act reduced pollution and boosted U.S. automakers, but largely benefited buyers who would have purchased EVs without subsidies.

Business

Psychosocial risks of collaborative robots: Emphasizing the need for worker engagement

The growing use of collaborative robots in the workplace may pose significant psychosocial risks to workers' mental health and their job security, but there are ways for organizations to smooth the transition, according to ...

Business

EU states greenlight extra tariffs on EVs from China

EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite strong German opposition and fears it will trigger a trade war with Beijing.

Business

Meta must limit data use for targeted ads: EU court

Social media platforms such as Meta's Facebook must limit the use of personal data including someone's sexual orientation for targeted advertising, the European Union's top court ruled Friday.

Business

What next for OpenAI after $157 billion bonanza?

ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google.

Business

Irish regulator to probe Ryanair use of facial recognition

Ireland's data watchdog said Friday it will probe whether budget airline Ryanair's use of facial recognition to check the identity of customers booking through third-party websites violates EU privacy laws.

Business

Green subsidies may have hidden costs, experts warn

Government subsidies for business practices and processes should be approached with caution, even when they seem to be environmentally friendly, writes a group of scientists and economists in this week's Policy Forum in the ...

Business

Google is working on reasoning AI, chasing OpenAI's efforts

Google is working on artificial intelligence software that resembles the human ability to reason, similar to OpenAI's o1, marking a new front in the rivalry between the tech giant and the fast-growing startup.

Business

Revolut urges Meta to step up on cyber fraud reimbursement

British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.

Business

Fear can inspire remote workers to protect IT resources

Fear of what could go wrong is the greatest motivator when it comes to getting remote workers to protect their employer's information technology security, according to a recent study in Computers & Security. But it tends ...

Business

Meta bans ads targeted at teens based on gender

Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.

Business

Biden urges US Congress to rein in Big Tech

US President Joe Biden on Wednesday urged Republican and Democratic lawmakers to break years of political gridlock and pass laws that would rein in the power of Big Tech.

Business

Researchers work to avoid future FTX debacles

The Center for Research toward Advancing Financial Technologies (CRAFT), a collaboration between Rensselaer Polytechnic Institute and Stevens Institute of Technology, is dedicated to advancing blockchain technology so that ...

Business

Using ChatGPT to stimulate innovation within organizations

Toward the end of 2022, ChatGPT took the internet by storm. The chatbot, powered by OpenAI's GPT-3 large language model, impressed millions with its ability to quickly generate articulate responses to many types of questions. ...

Business

Airbus tops Boeing in 2022 plane orders and deliveries

Airbus consolidated its leadership in civil aviation for 2022 on Tuesday, reporting more orders and deliveries than American archrival Boeing as both companies contend with lingering supply chain challenges.

Business

TikTok boss meets European officials as scrutiny intensifies

TikTok's CEO met Tuesday with European Union officials about strict new digital regulations in the 27-nation bloc as the Chinese-owned social media app faces growing scrutiny from Western authorities over data privacy, cybersecurity ...

Business

Top US court backs WhatsApp suit over Pegasus spyware

The US Supreme Court on Monday rejected a bid by NSO Group to block a WhatsApp lawsuit accusing the Israeli tech firm of allowing mass cyberespionage of journalists and human rights activists.

Business

Feds reviewing Musk tweet about disabling driver monitoring

A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a "Full Self-Driving" system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from U.S. ...