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

OpenAI wins $200 mn contract with US military

The US Department of Defense on Monday awarded OpenAI a $200 million contract to put generative artificial intelligence (AI) to work for the military.

Business

Why stablecoins are gaining popularity

Stablecoins—a form of cryptocurrency backed by traditional assets—are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens.

Business

AI-driven personalized pricing may not help consumers

The autonomous nature and adaptability of artificial intelligence (AI)-powered pricing algorithms make them attractive for optimizing pricing strategies in dynamic market environments. However, certain pricing algorithms ...

Internet

WhatsApp introduces first major advertising features

WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift for the messaging platform that has largely remained ad-free since its launch.

Business

EU crypto regulation hampered by national flaws

The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system.

Business

Nairobi startup's bid to be 'operating system for global South'

Away from the heady rush to build ultra-capable, sci-fi style artificial intelligence in Silicon Valley, ambitious Nairobi-based startup Amini AI is betting on the technology addressing emerging countries' prosaic problems ...

Consumer & Gadgets

Nintendo's Switch 2 scores record early sales

The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four days, Nintendo said Wednesday.