Business news

Business

Musk wants to merge SpaceX and Tesla: Here's what to know

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.

Business

Pretrained AI detects factory defects using fewer examples, potentially easing costly setup

A University of Dayton statistician and an international team of researchers are showing how artificial intelligence can help factories detect flawed parts without the expensive step that keeps the technology out of reach ...

Business

A SpaceX–Tesla megamerger could benefit both companies and Elon Musk's personal fortune

The history of corporate mergers is littered with failure, but investors in Tesla and SpaceX seem to believe Elon Musk can pull off the biggest tie-up of all time.

Business

Judge orders Meta to pay $25 billion to New Mexico in Cambridge Analytica case

A New Mexico judge ruled Wednesday that Meta must pay $25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to ...

Business

EU probes Booking.com over online fraud risks

The European Union opened an investigation into online travel agent Booking.com on Wednesday over alleged failures to tackle fake listings and phishing scams.

Business

Google Cloud outage hits UK banks

Online services for a number of U.K. banks in and around London were disrupted by a Google Cloud outage Tuesday.

Business

US bans use of China's DeepSeek by government agencies

The U.S. government on Monday ordered its agencies to stop using artificial intelligence tools from Chinese startup DeepSeek, as the countries race for dominance in the fast-moving sector.

Business

Expert examines what drives cryptocurrency returns

Dr. Matt Brigida, SUNY Poly professor of finance and chair of the Department of Accounting and Finance, is exploring the evolving relationship between cryptocurrency and traditional financial markets in his new paper, "Crypto ...

Business

Huawei unveils new computing tech as China seeks AI strength

Chinese tech juggernaut Huawei plans to launch powerful computing setups that allow chips to connect at high speeds, an executive said Thursday, as Beijing looks to bolster domestic AI prowess and reduce reliance on Western ...

Business

Why do big oil companies invest in green energy?

Some major oil companies such as Shell and BP that once were touted as leading the way in clean energy investments are now pulling back from those projects to refocus on oil and gas production. Others, such as Exxon Mobil ...

Business

AI may boost global trade value by nearly 40%: WTO

Artificial intelligence could boost the value of global trade by almost 40% by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said Wednesday.

Business

Detecting fraudulent product reviews with enhanced accuracy

The rise of e-commerce has brought unprecedented convenience to consumers, but it has also created fertile ground for deceptive practices in online marketplaces. A growing body of research is now focusing on the detection ...

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.