Business news

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 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

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

Musk sells more shares than he needs to pay current tax bill

Elon Musk is selling more Tesla shares than he needs to pay current tax obligations, and experts say he's either converting part of his fortune from stock to cash, or he's saving for bigger tax bills that will come due next ...

Business

Thanksgiving air travel to rebound to 2019 levels, TSA says

The number of airline passengers traveling for Thanksgiving this year is expected to rebound to pre-coronavirus pandemic levels, but the Transportation Security Administration says it is ready to handle the surge.

Business

JP Morgan sues Tesla for $162 mn over share warrants

JP Morgan Chase has sued Tesla for $162 million over a stock warrants contract, accusing the company of "flagrantly" ignoring its obligation to pay the investment bank after the electric carmaker's shares soared.

Business

UK orders national security review of NVIDIA deal to buy Arm

American technology company NVIDIA's planned $40 billion takeover of British chip designer Arm Ltd. faces months of delays after the U.K. government asked competition regulators Tuesday to investigate the national security ...

Business

Streaming service aims for French cinema niche

A streaming service dedicated to French cinema that launched Tuesday in North America is aiming to carve a niche for itself in a business dominated by Silicon Valley giants like Netflix.

Business

Game over for Fortnite in China as developer pulls plug

Epic Games pulled the plug on its Chinese version of Fortnite on Monday, with its three-year effort to penetrate the world's biggest gaming market derailed by Communist Party crackdowns against online addiction and the broader ...

Business

Trading begins on new Beijing Stock Exchange

A new Chinese stock exchange focused on SMEs began trading in Beijing on Monday, boosting support for smaller-scale firms as economic growth slows and Beijing cracks down on domestic tech giants.

Business

WeWork reports smaller loss, shares rise

Office-sharing company WeWork reported a smaller quarterly loss Monday and pointed to another gradual rise in occupancy levels, lifting shares.