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

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

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

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.

Consumer & Gadgets

CES 2023: Tech world to gather and show off gadgets

CES, the annual tech industry event formerly known as the Consumer Electronics Show, is returning to Las Vegas this January with the hope that it looks more like it did before the coronavirus pandemic.

Business

US places Chinese chipmakers on trade blacklist

The US Commerce Department on Thursday blacklisted 36 Chinese companies including top producers of advanced computer chips, severely restricting their access to American technology.

Business

Foxconn to ease COVID-19 curbs in Chinese iPhone factory

The company that assembles Apple Inc.'s iPhones has announced it is easing COVID-19 restrictions at its largest factory in China that led thousands of workers to quit and drastically slowed production.

Business

Georgia, NH latest states to ban TikTok from state computers

Govs. Brian Kemp of Georgia and Chris Sununu of New Hampshire on Thursday immediately banned the use of TikTok and popular messaging applications from all computer devices controlled by their state governments, saying the ...

Business

Group casts doubt on Amazon's claims of reducing plastic

A report by environmental group Oceana has found that plastic waste from Amazon packages went up by 18% last year, but Amazon says it has reduced its use of single-use plastic across its network.

Business

Musk's Twitter tweaks foreshadow EU showdown over new rules

Self-proclaimed free speech warrior Elon Musk's more unfettered version of Twitter could collide with new rules in Europe, where officials warn that the social media company will have to comply with some of the world's toughest ...

Business

United Airlines announces huge Boeing 787 order

United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners, with options for an additional 100 jets, as the company banks on rebounding demand for international travel following a years-long pandemic slowdown.

Internet

EU moves closer to sewing up new data transfer deal with US

The European Union moved closer to a clinching a revamped deal over transatlantic data transfers aimed at resolving concerns about U.S. spying with a draft decision that confirms "comparable safeguards" to those in the EU, ...