Business news

Business

New AI framework aims to remove bias in key areas such as health, education and recruitment

Researchers from the Data Science and Artificial Intelligence Institute (DATAI) of the University of Navarra (Spain) have published an innovative methodology that improves the fairness and reliability of artificial intelligence ...

Business

AI in journalism: Report reveals audience distrust and ethical concerns

A new industry report has found audiences and journalists are growing increasingly concerned by generative artificial intelligence (AI) in journalism.

Business

TikTok returns to Apple and Google app stores in the US

TikTok has returned to the app stores of Apple and Google in the U.S., after President Donald Trump delayed the enforcement of a TikTok ban.

Business

Carbon capture more costly than switching to renewables, researchers find

For most countries around the world, sourcing energy entirely from wind, solar, geothermal, and hydropower by 2050 would reduce their energy needs and costs, improve air quality, and help slow climate change, according to ...

Consumer & Gadgets

A guide for using VR and AR technology in foreign markets

Global businesses are embracing augmented reality (AR) and virtual reality (VR) to connect with consumers around the world. The technologies offer new ways to get a feel for products before buying—for everything from virtually ...

Business

AI feud: How Musk and Altman's partnership turned toxic

The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman's OpenAI in an apparent attempt to derail the ChatGPT maker's ascent 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

Revolut urges Meta to step up on cyber fraud reimbursement

British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.

Business

PFF adds an in-game grading feature to its NFL analysis

Pro Football Focus changed how many fans followed the NFL by providing grades and advanced statistics to help quantify how every player performed on a play-by-play basis from high-profile quarterbacks like Patrick Mahomes ...

Business

Dutch airline KLM unveils 'firm' cost-cutting measures

Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) "in the short term."

Business

Historic funding round values OpenAI at $157 billion

OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence.

Business

Oracle to invest $6.5 bn in Malaysian cloud services region

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.