Business news

Business

Artificial intelligence job hiring outperforms human hiring, but humans don't want to use it

Artificial intelligence (AI) job hiring is equal to or better than human hiring, but people react negatively towards it, according to a new study published in Artificial Intelligence Review by The Inclusion Initiative at ...

Consumer & Gadgets

Terra's stablecoin flop raises questions about regulatory role

The spectacular plunge and trading halts of the algorithmic stablecoin TerraUSD are touching off a debate among lawmakers over whether, and how much, the government should get involved.

Business

Cryptocurrencies: Why they've crashed and what it could mean for their future

If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you'd made a sensible bet. But Luna's value has since fallen drastically—at the time of writing, that £100 ...

Business

Republicans split on adding semiconductor tax breaks to competition bill

An effort to add bipartisan tax incentives for U.S. semiconductor manufacturing to a larger economic competitiveness package is running into divisions among House Republicans.

Business

Opinion: Greenwashing decarbonization

An important piece of reporting by the New York Times and advocacy by the Environmental Defense Fund provides insight into the complexity of decarbonization and the need for care when auditing corporate climate disclosures. ...

Business

Vodafone calls up surging annual profit

British telecoms giant Vodafone on Tuesday logged surging annual net profit on rising sales and sliding tax, one day after revealing that an Emirati firm has become its biggest investor.

Business

A Bezos-Biden squabble: Can corporate taxes tame inflation?

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as "disinformation" and "misdirection."

Business

Uber bolsters platform for post-pandemic life

Uber said Monday it is revving up to be a "go anywhere and get anything" service, testing delivery robots, weaving in Google voice commands and more as people shed their pandemic lifestyles.

Business

Facebook changing with times a decade after stock debut

Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the beloved social network made its stock market debut, culminating an all-night hackathon that included street hockey, costumes and music.

Software

EA Sports and FIFA end partnership, both eye new video games

Electronic Arts will stop making its hugely successful FIFA video game in its current name, marking a split in one of soccer's most successful and lucrative partnerships after the sides failed to strike a new licensing deal.

Business

Meta opens first physical store

Facebook parent Meta has opened its first physical store—in Burlingame, California—to showcase its hardware products like virtual and augmented reality goggles and glasses.

Business

SEC: Nvidia failed to disclose crypto as revenue generator

Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that cryptomining was a significant source of revenue growth from the sale of graphics processing ...

Internet

Britain pushes tough tech rules under new digital watchdog

Big tech companies like Google and Facebook parent Meta would have to comply with tough British rules under a new digital watchdog aimed at giving consumers more choice online—or face the threat of big fines.

Internet

Musk faces FTC antitrust review on Twitter alongside stock probe

The U.S. Federal Trade Commission is reviewing Elon Musk's $44 billion Twitter Inc. takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth ...

Business

Cryptocurrency's dirty secret: Energy consumption

Though skeptics may characterize cryptocurrency as "fake money," "worse than tulip bulbs," or outright fraud, it is a very real business. The market capitalization of the almost 19,000 cryptocurrencies in circulation is currently ...

Business

Musk secures $7.1 bn to finance Twitter deal

Elon Musk has raised $7.1 billion for his Twitter acquisition from investors that include Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal, according to a securities filing Thursday.