Business news
'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.
Oct 8, 2024
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Federal judge orders Google to open its Android app store to competition
A federal judge on Monday ordered Google to tear down the digital walls shielding its Android app store from competition as punishment for maintaining an illegal monopoly that helped expand the company's internet empire.
Oct 8, 2024
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Samsung third-quarter forecast misses expectations
Samsung Electronics said Tuesday it expected third-quarter profits to jump almost three-fold, but fell short of market expectations as it struggled to leverage robust demand for chips used in artificial intelligence servers.
Oct 8, 2024
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Business
US industrial policy may strengthen EV battery supply chain
Vehicle electrification is an important pathway to reducing global greenhouse gas emissions. The supply chain for electric vehicle battery materials relies heavily on China, a dependency that can leave the US vulnerable to ...
Oct 7, 2024
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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.
Oct 7, 2024
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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 ...
Oct 7, 2024
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Business
Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout
Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker.
Oct 5, 2024
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Business
Solving the urban air mobility problem: Researchers develop an algorithm for future flying taxi companies
Urban air mobility (UAM) is a mode of transportation that avoids traffic congestion by flying people and cargo above it at low altitudes. It may sound like science fiction or something from the cartoon "The Jetsons," which ...
Oct 4, 2024
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Business
Is big tech harming society? To find out, we need research, but it's being manipulated by big tech itself
For almost a decade, researchers have been gathering evidence that the social media platform Facebook disproportionately amplifies low-quality content and misinformation.
Oct 4, 2024
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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.
Oct 4, 2024
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Internet
Google says it will stop linking to New Zealand news if a law passes forcing it to pay for content
Google said Friday it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.
Oct 4, 2024
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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.
Oct 4, 2024
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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.
Oct 4, 2024
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Business
AI bubble or 'revolution'? OpenAI's big payday fuels debate
Fear of missing out has rocketed the value of artificial intelligence companies, despite few signs as to when the technology will turn a profit, raising talk of AI overenthusiasm.
Oct 4, 2024
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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.
Oct 4, 2024
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Business
Amazon plans to hire 250,000 warehouse workers for holiday season
Amazon plans to hire 250,000 seasonal employees to staff its U.S. warehouses and fulfillment network for the holiday season.
Oct 4, 2024
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1
Business
Civil society groups demand action against 'sexist' AI disinformation
More than two dozen international civil society organizations will call on major tech firms to bolster their AI policies to combat "sexist and misogynistic" disinformation plaguing social media platforms, according to the ...
Oct 4, 2024
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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 ...
Oct 3, 2024
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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.
Oct 3, 2024
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Business
AI can only do 5% of jobs, says economist who fears crash
Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. "I'm not an AI pessimist," he declares seconds into an interview.
Oct 3, 2024
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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.
Oct 3, 2024
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Business
Opinion: Data center emissions are soaring—it's AI or the climate
Artificial intelligence (AI) is curating your social media feed and giving you directions to the train station. It's also throwing the fossil fuel industry a lifeline.
Oct 3, 2024
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Business
Australian retailers urged to step into the future with smart technologies for customers
While self-service technologies in the Australian retail space were initially brought on to create convenience, the self-checkout counters have become the bane of many shoppers' existence.
Oct 3, 2024
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