Business news

Business

The changing geography of 'energy poverty': Study shows homes in the South and Southwest could use more aid

A growing portion of Americans who are struggling to pay for their household energy live in the South and Southwest, reflecting a climate-driven shift away from heating needs and toward air conditioning use, an MIT study ...

Business

Amazon says new technology in delivery vans will help sort packages on the fly and save time

Amazon has revealed new technology that it says will help delivery drivers avoid organizing packages at stops or manually check to see if they have the right parcel for each delivery.

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

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.

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 ...

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

1970s sandals worn by Steve Jobs auctioned for $218K

The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly $220,000, according to an auction house.

Business

Brazil's Embraer announces 3rd quarter loss

Brazilian plane-maker Embraer announced on Monday a third quarter loss of 160.4 million reais ($30.2 million) due to falling revenue in its defense and security sectors.

Business

FTX bankruptcy also endangers founder's philanthropic gifts

The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the "effective altruism" movement.

Business

US seeks 15-year term for Theranos founder in fraud case

US federal prosecutors are seeking a 15-year jail term for Theranos founder Elizabeth Holmes and want her to pay more than $800 million to investors defrauded by her blood-testing startup, according to a court filing.

Business

Twitter Blue signups unavailable after raft of fake accounts

Twitter's relaunched premium service—which grants blue-check "verification" labels to anyone willing to pay $8 a month—was unavailable Friday after the social media platform was flooded by a wave of imposter accounts ...

Internet

Twitter scrambles to curb spread of fake accounts

Twitter moved on Friday to curb fake accounts that have proliferated since Elon Musk's takeover, suspending sign-ups for a new paid checkmark system and reinstating a gray "official" badge on some accounts.

Business

Japan vies for 'last chance' as major global chip producer

Japan is investing almost half a billion dollars to beef up semiconductor development and production in a "last chance" attempt to keep its position as a major player on the global technology stage, the government said Friday.

Business

Mercedes F1 team dump crypto partner

The Mercedes team on Friday confirmed they had suspended a sponsorship deal with crisis-hit crypto currency exchange FTX and had removed the company's logos from their cars ahead of this weekend's Sao Paulo Grand Prix.

Business

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, known as Singles' Day, is typically an extravagant affair as Chinese e-commerce firms like Alibaba and JD.com ramp up marketing campaigns and engage top livestreamers to hawk everything ...

Consumer & Gadgets

The world of deepfake advertising is coming this decade

Manipulated advertising is becoming an increasingly prevalent phenomenon in marketing. Techniques such as deepfakes leverage artificial intelligence and machine learning to generate convincing, true-to-life, synthetic replicas ...