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

Ericsson profits soar despite China trouble

Swedish telecoms giant Ericsson said Tuesday its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market.

Business

US sues to block Lockheed Martin-Aerojet deal

US authorities announced Tuesday they are suing to block Lockheed Martin's $4.4 billion takeover of Aerojet Rocketdyne, asserting the proposed deal would lead to higher costs on defense systems.

Business

Boeing invests $450 mn in air taxi venture

Boeing has invested $450 million in Wisk, a Silicon Valley air taxi venture that aspires to develop the first autonomous, all-electric passenger-carrying aircraft certified in the United States, the companies said Monday.

Business

Addressing the microchip shortage

The U.S. semiconductor chip shortage is likely to continue well into 2022, and a Georgia Tech expert predicts that the U.S. will need to make major changes to the manufacturing and supply chain of these all-important chips ...

Business

Airbus cancels Qatar Airways plane order in feud

Airbus has taken the extraordinary step of cancelling a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, in an escalating feud over the airline's grounding of A350 aircraft.

Business

Netflix sinks as Wall Street flees 'stay-at-home' stocks

One day after shares of at-home fitness company Peloton tumbled, Netflix found itself in Wall Street's hot seat Friday as markets reassess the diminishing growth prospects of so-called "pandemic stocks."

Business

Security scanners across Europe tied to China govt, military

At some of the world's most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China's military and the highest levels of the ruling Communist Party.

Business

Netflix stock plunges as subscriber growth worries deepen

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the ...