Business news

Business

AI beats human forecasters in tournament predicting 30 tech ventures

For decades, the idea that artificial intelligence can beat humans at number-crunching tasks like high-frequency trading has been widely accepted. But strategic foresight—the ability to predict the success of high-stakes, ...

Business

Pope Leo XIV compares AI to the Industrial Revolution, as new alternatives to big AI firms take shape

With the release of his encyclical letter Magnifica Humanitas on May 25, 2026, Pope Leo XIV has signaled that he wants the church to respond to artificial intelligence much as a predecessor, Pope Leo XIII, responded to upheavals ...

Business

Workers' information shared with third-party companies, new research reveals

Companies are sharing workers' identifiable information and online activity with third-party companies, including Microsoft, Google and Facebook, using employee monitoring software known as "bossware," new Northeastern University ...

Business

Technology usually creates jobs for young, skilled workers. Will AI do the same?

At any given time, technology does two things to employment: It replaces traditional jobs, and it creates new lines of work. Machines replace farmers, but enable, say, aeronautical engineers to exist. So, if tech creates ...

Business

Airbnb expands into hotels, cars, groceries

Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.

Business

Musk loses blockbuster OpenAI suit as jury says too late

A federal jury ruled Monday that billionaire Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to the ChatGPT startup and ending one of Silicon Valley's most closely watched courtroom ...

Business

UK court rules Apple abused App Store dominance

Apple lost a UK lawsuit Thursday which accuses the US tech giant of abusing the dominant position of its App Store, with claimants seeking more than £1.5 billion ($2 billion) in damages.

Business

Firefly-inspired algorithm tackles resource allocation problem

Bio-inspired computational methods have gained popularity recently. These methods mimic the seemingly complex behavior of organisms to tackle difficult and often overwhelming problems. For example, algorithms have been inspired ...

Business

Online search a battleground for AI titans

Tech firms battling for supremacy in artificial intelligence are out to transform how people search the web, challenging the dominance of the Chrome browser at the heart of Google's empire.

Internet

What caused Amazon Web Services to go down? An expert explains

From Reddit and Snapchat to Delta and Zoom, more than a thousand websites around the globe were knocked offline early Monday—and continued to have problems into the afternoon—after a major outage at Amazon Web Services, the ...