Business news

Business

Toyota joins with Hyundai's Boston Dynamics on AI-powered robots

Toyota Motor Corp.'s research unit and Hyundai Motor Co.'s Boston Dynamics are joining forces to speed up development of humanoid robots with artificial intelligence.

Business

Researchers study how to create a public–private network for the urban distribution of goods

Estimates suggest that 4 million parcels are delivered every day in Spain, most of which are destined for the metropolitan areas of large cities, which is where 55% of the country's population lives.

Business

New York Times takes aim at another AI company

The New York Times has sent a cease and desist letter to Perplexity, a hot AI startup often touted as a promising competitor to Google search, over alleged copyright infringement.

Business

How the tiny Caribbean island of Anguilla has turned the AI boom into a digital gold mine

The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It's also providing an unusual windfall for Anguilla, a tiny island in the Caribbean.

Business

Amazon wants to be everything to everyone

Amazon is bolstering its e-commerce empire while continuing a march deeper into people's lives, from robots to health care and entertainment.

Consumer & Gadgets

Exploring the hidden costs of free apps

Procrastination, sleep deprivation and reduced focus are part of the price we pay for free mobile apps. This is according to researchers at Linköping University and RISE, who have investigated the costs hidden behind the ...

Business

US weighs Google breakup in landmark trial

The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal ...

Business

The NFT artist who sold a trashcan image for $252,000

Marcel Duchamp scandalised the art world in 1917 by submitting a urinal as his entry to a prestigious competition. A century later, an American artist known as Robness sparked his own controversy by selling an NFT of a rubbish ...

Business

How Facebook slipped—in key points

Facebook-parent Meta saw investors flee on Thursday rather than buckle-up for what could be a long ride towards the firm's metaverse vision for the internet's future.

Nokia profit matches expectations; dividend to resume

Wireless and fixed-network equipment maker Nokia reported fourth-quarter profits Thursday in line with analyst expectations and said it will resume paying a dividend and launch a share-buyback program because of its improved ...

Business

Spotify shares tumble on weak profit forecast

Shares of Spotify tumbled Wednesday after the music streaming service reported a quarterly loss and projected lower profit margins in the coming earnings period.

Business

Shares of Facebook parent Meta plunge 23% on lower profits

Newly renamed Meta is investing heavily in its futuristic "metaverse" project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast ...

Business

NY Times hits 10 mn-subscription mark amid growth spurt

The New York Times reported Wednesday that buying The Athletic had helped power the paper past its 10 million-subscription target years in advance, and the company is now aiming to grow by millions more subscribers.

Business

Tech industry seeks new frontiers as Congress lags behind

Tech companies are racing toward new frontiers involving immersive virtual reality worlds that some experts fear could exacerbate existing problems as Congress lags behind the sector's rapid developments.

Business

Solar energy cheaper even than existing coal-fired power stations

Solar energy is one of the most cost-effective ways to generate electricity, cheaper even than existing coal-fired power stations, says environmental and technology expert Professor Ravi Silva, director of the Advanced Technology ...

Business

India to launch state-backed 'digital rupee', tax crypto

India will introduce a state-backed "digital rupee" and impose a 30 percent tax on profits from virtual currencies, the government announced Tuesday while unveiling the next financial year's budget.

Business

The race is on to translate viral app Wordle

Wordle, the simple word game that has taken the English-speaking world by storm, is sparking spontaneous efforts to develop similar games for other languages.

Business

Facebook's crypto project Diem sold after pushback

The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators.

Business

New York Times buys 'Wordle'

The New York Times announced Monday it had bought Wordle, a phenomenon played by millions just four months after the game burst onto the Internet, for an "undisclosed price in the low seven figures."