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

Quantifying forks in Bitcoin mining—and their energy cost

Creating new cryptocurrency requires large amounts of computing power, which is used to solve cryptographic puzzles in what is known as proof-of-work mining. When two computers attempt to solve the same puzzle, the first ...

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

Chipmaker Nexperia says banned from exporting from China

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

Business

Mass-produced AI podcasts disrupt a fragile industry

Artificial intelligence now makes it possible to mass-produce podcasts with completely virtual hosts, a development that is disrupting an industry still finding its footing and operating on a fragile business model.

Business

What could burst the AI bubble?

Some of the world's biggest tech firms have soared in value over the last year. As AI evolves at pace, there are hopes that it will improve lives in ways that people could never have imagined a decade ago—in sectors as diverse ...

Business

EU grills Apple, Snapchat, YouTube over risks to children

The EU Friday demanded digital giants including Snapchat and YouTube explain how they are protecting children from online harm, as all but two member states signaled openness to restricting social media access for minors.

Internet

Google wants right to bundle Gemini AI app with Maps, YouTube

Alphabet Inc.'s Google wants to retain the right to bundle its popular mapping and video apps with its Gemini AI service, a lawyer for the company told a federal judge Wednesday, pushing back on a Justice Department proposal ...

Business

Musk settles with fired Twitter execs for undisclosed sum

Elon Musk has agreed to pay an undisclosed sum to settle a dispute with four former Twitter executives over their dismissal on the day he acquired the social network, now known as X, a court filing said on Wednesday.