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

China launches visa to attract foreign tech talent

China kicked off Wednesday a new visa program aimed at attracting foreign talent in science and technology, part of ongoing efforts to position itself as a world leader in those sectors ahead of the United States.

Business

Amazon adds AI muscle to connected home lineup

Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities designed to make interactions with AI more frequent and natural.

Business

How atmospheric water harvesting can be scaled

Water scarcity is a huge global issue. More than 2 billion people lack access to safe drinking water—a situation set to worsen due to climate change, which fuels longer and more severe droughts. As reservoirs shrink, groundwater ...

Business

Spotify founder steps down from CEO role

Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in Tuesday trading.

Business

YouTube to pay $22 million in settlement with Trump

YouTube has agreed to pay $22 million to settle a lawsuit filed by President Donald Trump after the company suspended his account over the January 6, 2021 attack on the Capitol, according to a court filing Monday.