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

Swiss regulator opens inquiry into Microsoft license fees

The Swiss Competition Commission said Thursday that it had opened a preliminary inquiry into Microsoft's licensing fees, after complaints by rivals over what it called "significant" price hikes for the Microsoft 365 software ...

Consumer & Gadgets

Apple bundles creative apps into $13-a-month subscription

On Jan. 13, Apple Inc. announced a new subscription bundle of creative apps called Creator Studio, an attempt to give its photo- and video-editing software fresh momentum in the face of intensifying competition.

Consumer & Gadgets

How bits of Apple history can be yours

In March 1976, Apple cofounders Steve Jobs and Steve Wozniak both signed a $500 check weeks before the official creation of a California company that would transform personal computing and become a global powerhouse.

Business

Understanding ammonia energy's tradeoffs around the world

Many people are optimistic about ammonia's potential as an energy source and carrier of hydrogen, and though large-scale adoption would require major changes to the way it is currently manufactured, ammonia does have a number ...

Business

Musk vs OpenAI trial set for April 27

A trial in the lawsuit brought by Elon Musk against OpenAI CEO Samuel Altman and other defendants—including tech giant Microsoft—is scheduled to begin April 27, according to a federal court order issued Tuesday.

Business

Meta begins job cuts as it shifts from Metaverse to AI devices

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company's Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features.

Business

Why 5G alone may not be enough for tomorrow's factories

As manufacturers race toward smarter, faster and more automated production, the networks holding those systems together are coming under growing strain. Robots, sensors and autonomous machines all demand split-second responses ...

Business

AI could be your next line manager

AI is already doing a pretty good job at taking on some of the world's workload. It has produced academic papers, enhanced space exploration and developed medical treatments.

Internet

Meta urges Australia to change teen social media ban

Tech giant Meta urged Australia on Monday to rethink its world-first social media ban for under-16s, while reporting that it has blocked more than 544,000 accounts under the new law.