Business news

Business

AI is supposed to be Hollywood's next big thing: What's taking so long?

Earlier this year, OpenAI and other artificial intelligence companies wooed Hollywood studios with the futuristic promise of AI tools that they said could help make the business of creating movies and television shows faster, ...

Business

A giant biotechnology company might go bust. What will happen to the millions of people's DNA it holds?

Since it was founded nearly two decades ago, 23andMe has grown into one of the largest biotechnology companies in the world. Millions of people have used its simple genetic testing service, which involves ordering a saliva ...

Business

AI bots easily bypass some social media safeguards, study reveals

While artificial intelligence (AI) bots can serve a legitimate purpose on social media—such as marketing or customer service—some are designed to manipulate public discussion, incite hate speech, spread misinformation ...

Business

Wearable sensors can continuously track fatigue in factory workers

A system of wearable sensors and machine learning can continuously monitor factory workers for signs of physical fatigue. Factory work can be physically strenuous, and a safe and ethical workplace must ensure that workers ...

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

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

Qantas forecasts $1.1 billion loss in 'worst' half year

Australian national carrier Qantas is forecasting a loss of more than 1.1 billion Australian dollars (US$790 million) in July-December in what its chief executive, Alan Joyce, called one of the worst periods of the entire ...

Internet

Wikipedia creator's computer and NFT auctioned for almost $1 mn

An NFT memorializing Wikipedia founder Jimmy Wales's first edit on the online reference resource 20 years ago and the computer he used when programming the platform sold for a total of almost $1 million at auction Wednesday.

Business

EU lawmakers back rules to curb Big Tech

The European Parliament on Wednesday approved its proposal for major EU legislation to impose unprecedented restrictions on how tech giants do business.

Business

Tesla hit by string of US sex harassment lawsuits

Six women sued Tesla on Tuesday, alleging a culture of sexual harassment at the electric carmaker's California plant and other facilities that included unwanted touching, catcalls and retaliation for those who complained.

Business

Call to reform Big Tech's financial reporting rules

A permissive financial disclosures regime allows Big Tech companies to conceal their market power, increase profit margins, and expand digital platform dominance, according to a new report by a UCL-led team of researchers.

Business

China Mobile gets nod for Shanghai debut after US delisting

State-owned China Mobile has received approval to list publicly in Shanghai, documents showed, nearly a year after it was delisted in the United States along with two other Chinese telecom giants as tensions between Beijing ...

Internet

Report urges UK government to beef up online safety measure

Proposed British rules aimed at cracking down on harmful online content should be beefed up with tougher measures like making it illegal to send unsolicited graphic images, requiring porn sites to ensure children can't gain ...

Internet

Amazon says 'unexpected behavior' caused huge cloud outage

Amazon.com Inc. said automated processes in its cloud computing business caused cascading outages across the internet this week, affecting everything from Disney amusement parks and Netflix videos to robot vacuums and Adele ...

Business

UK antitrust watchdog investigates Microsoft's Nuance deal

British antitrust regulators are opening an investigation into Microsoft's $16 billion acquisition of speech recognition company Nuance in the latest sign they're tightening scrutiny of big technology deals.