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 says Nvidia 'violated' antitrust law, vows extra probe

China said Monday that an investigation found US chip giant Nvidia had run afoul of the country's antitrust rules, and vowed an additional probe just after trade talks between Beijing and Washington entered a second day.

Internet

China penalizes popular app Xiaohongshu over content

China's internet regulator said on Thursday it had ordered "warnings and strict punishment" to bosses at popular social media app Xiaohongshu over its online content, slamming "trivial" and "negative" posts.

Business

OpenAI backs AI-animated film for Cannes debut

ChatGPT-maker OpenAI is backing the production of a feature-length animated film created largely with artificial intelligence tools, aiming to prove the technology can revolutionize Hollywood filmmaking with faster timelines ...