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

SpaceX launches competitor Amazon's Project Kuiper satellites

Just because Elon Musk and Jeff Bezos aren't the best of friends, and Amazon's Project Kuiper will directly compete with SpaceX's Starlink satellites for broadband internet, doesn't mean everyone can't still get along.

Business

Taiwan's TSMC says second quarter profit up 60%

Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60% rise in net profit for the second quarter on sustained demand for artificial intelligence technology.

Business

California farmers identify a hot new cash crop: Solar power

Imagine that you own a small, 20-acre farm in California's Central Valley. You and your family have cultivated this land for decades, but drought, increasing costs and decreasing water availability are making each year more ...

Business

Huawei reclaims top spot in China's phone market: data

Tech giant Huawei topped China's smartphone market for the first time in over four years, outflanking US tech giant Apple as well as local competitors including Xiaomi, according to the US-based International Data Corporation.

Business

Pentagon inks contracts for Musk's xAI, competitors

The Pentagon announced contracts on Monday with multiple leading US artificial intelligence firms including Elon Musk's xAI, which has faced intense scrutiny in recent days over anti-Semitic posts by its Grok chatbot.

Business

US House set to vote on landmark crypto bills this week

US lawmakers are on the verge of passing landmark legislation that will give the much-maligned crypto world much-wanted legitimacy, riding on President Donald Trump's recent embrace of the industry.

Consumer & Gadgets

Amazon Prime Day finds success amid tariffs, consumer concerns

Amazon Prime Day sales looked bumpy at first this week, with year-over-year comparisons for the first two days down. But by Friday, early data showed solid sales for the tech giant despite economic uncertainty.