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.

Internet

Google's ad sales slow dramatically, eroding parent's profit

Summertime revenue growth at Google's corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession.

Business

Amazon union push at California warehouse stalls

A group of Amazon workers at a fulfillment center in Moreno Valley, California, seeking to join the independent Amazon Labor Union have withdrawn a petition to hold a union election, mere weeks after launching their campaign, ...

Business

Philips to cut 4,000 jobs as recall losses deepen

Dutch medical device manufacturer Philips said Monday it will slash 4,000 jobs after a massive financial hit for a recall of faulty sleep respirators pushed it into loss.

Business

Report: TikTok bad at culling US election misinformation ads

TikTok's algorithms are very good at finding videos to keep people glued to their phone screens for hours on end. What they are not so good at, a new report has found, is detecting ads that contain blatant misinformation ...

Business

Texas sues Google over biometric recognition features

The US state of Texas filed a lawsuit against Google on Thursday, accusing the internet giant of harvesting large amounts of biometric data from people without their explicit consent, a claim rejected by the California-based ...