Business news

Business

Musk wants to merge SpaceX and Tesla: Here's what to know

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.

Business

Shares in this data center company are down 40% as investors lose faith in the AI story

For two decades, data centers were relatively safe, lucrative real estate investments. They attracted investors because they served as digital infrastructure—the essential plumbing that keeps the internet running.

Business

A SpaceX–Tesla megamerger could benefit both companies and Elon Musk's personal fortune

The history of corporate mergers is littered with failure, but investors in Tesla and SpaceX seem to believe Elon Musk can pull off the biggest tie-up of all time.

Business

Judge orders Meta to pay $25 billion to New Mexico in Cambridge Analytica case

A New Mexico judge ruled Wednesday that Meta must pay $25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to ...

Business

EU probes Booking.com over online fraud risks

The European Union opened an investigation into online travel agent Booking.com on Wednesday over alleged failures to tackle fake listings and phishing scams.

Business

Google Cloud outage hits UK banks

Online services for a number of U.K. banks in and around London were disrupted by a Google Cloud outage Tuesday.

Business

US bans use of China's DeepSeek by government agencies

The U.S. government on Monday ordered its agencies to stop using artificial intelligence tools from Chinese startup DeepSeek, as the countries race for dominance in the fast-moving sector.

Business

Expert examines what drives cryptocurrency returns

Dr. Matt Brigida, SUNY Poly professor of finance and chair of the Department of Accounting and Finance, is exploring the evolving relationship between cryptocurrency and traditional financial markets in his new paper, "Crypto ...

Business

xAI sees key staff exits, Musk promises moon factories

Half of the original founding team at Elon Musk's artificial intelligence startup xAI has now departed after two co-founders resigned in rapid succession this week, raising fresh questions about talent retention ahead of ...

Business

AI could rebalance power between people and the services they use

Artificial intelligence could help people who feel overwhelmed, excluded or disadvantaged when dealing with everyday tasks like paying energy bills or booking health care appointments, according to a new study involving researchers ...

Business

Scaling-up global solar panel manufacturing sustainably

As solar energy rapidly expands to meet urgent climate targets and increasing demand for electricity, the key challenge is to ensure that this transition is not just scalable but sustainable. Pioneering research led by Northumbria ...

Business

Google turns to century-long debt to build AI

Google-parent Alphabet will issue bonds maturing in 100 years as it continues to invest massively in infrastructure for artificial intelligence, according to data published Tuesday by Bloomberg.

Business

India ramps up AI rules for social media platforms

India tightened rules regulating artificial intelligence on Tuesday, requiring social media platforms to clearly label AI content and comply with takedown requests by authorities within three hours.

Business

Platforms that rank the latest LLMs can be unreliable

A firm that wants to use a large language model (LLM) to summarize sales reports or triage customer inquiries can choose between hundreds of unique LLMs with dozens of model variations, each with slightly different performance. ...