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Business

UK govt buys semiconductor facility key to defense

The UK government announced on Friday that it had acquired a key semiconductor factory after fears its imminent closure would hamper a crucial supply chain to Britain's armed forces.

Business

Boeing strike grinds on as latest talks fail to reach agreement

The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month.

Business

Meta hit with $102 million privacy fine from European Union over 2019 password security lapse

Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.

Business

OpenAI discusses giving Altman 7% stake in for-profit shift

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first ...

Business

EasyJet founder makes life hard for 'brand thieves'

Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.

Business

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring skepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Business

Regulating artificial intelligence: From BRICS to beyond

Researchers from the Advancing Systems Analysis (ASA) program recently participated in a seminar inviting expert dialogue on the role of BRICS competition authorities in the fast-maturing era of artificial intelligence (AI) ...

Business

Google CEO says antitrust trials could drag on for years

Alphabet Inc. Chief Executive Officer Sundar Pichai said it will take many years to resolve Google's antitrust battles, downplaying the idea that they pose an immediate threat to the company's business.

Business

Can cryptocurrencies ever be green?

Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be ...

Business

Amazon to invest extra 10 bn euros in Germany

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe.

Business

Study finds limited explanations in AI might benefit consumers

Recent algorithms in artificial intelligence (AI) are often referred to as "black box" models, meaning their inputs and operations are not visible to the user or any other party, making their decisions difficult to interpret. ...

Business

Music platform CEO says AI is not the enemy

Musicians around the world have described artificial intelligence as a threat to creativity, but the CEO of one popular platform told AFP he thinks critics are looking at it all wrong.

Business

Boeing CEO to face Capitol Hill grilling

Boeing CEO Dave Calhoun is expected to apologize to families of crash victims on Tuesday as he faces a Senate grilling following accusations that the plane maker put profits over safety.