Business news

Business

Adding batteries to hydropower facilities could increase dam lifespan and potential revenue

In its current form, the nation's electric grid largely doesn't store energy. The vast majority of electricity generated by fossil fuels, hydropower, and other sources flows into the grid and is immediately used by consumers. ...

Business

Understanding ammonia energy's tradeoffs around the world

Many people are optimistic about ammonia's potential as an energy source and carrier of hydrogen, and though large-scale adoption would require major changes to the way it is currently manufactured, ammonia does have a number ...

Consumer & Gadgets

10-inch folding phones are coming: Is their market ready to expand?

What if you could put a 10-inch tablet in your pocket as easily as your smartphone?

Business

Microsoft's Brad Smith pushes Big Tech to 'pay our way' for AI data centers amid rising opposition

It won't be easy for Big Tech companies to win the hearts and minds of Americans who are angered about massive artificial intelligence data centers sprouting up in their neighborhoods, straining electricity grids and drawing ...

Internet

Meta urges Australia to change teen social media ban

Tech giant Meta urged Australia on Monday to rethink its world-first social media ban for under-16s, while reporting that it has blocked more than 544,000 accounts under the new law.

Business

Zuckerberg names banker, ex-Trump advisor as Meta president

Meta on Monday appointed banker Dina Powell McCormick as president and vice chairman, tapping a former member of the Trump administration to help steer the technology giant's massive AI infrastructure expansion.

Business

Elon Musk's xAI to build $20 billion data center in Mississippi

Elon Musk's artificial intelligence company xAI is set to spend $20 billion to build a data center in Southaven, Mississippi, Gov. Tate Reeves announced Thursday, calling it the largest private investment in the state's history.

Business

Startups go public in litmus test for Chinese AI

Leading Chinese artificial intelligence startup Zhipu AI soared as it went public in Hong Kong on Thursday, a day before rival MiniMax also makes its market debut in a litmus test for the country's rapidly developing sector.

Business

TikTok fuels ByteDance revenue as US ban looms: report

TikTok's international revenue boomed last year as China-based parent ByteDance faced a deadline to sell the app or have it banned in the United States, The Information reported on Thursday.

Business

US takes aim at Zuckerberg's social media kingdom

Barring any eleventh-hour intervention, social media juggernaut Meta will stand trial next week facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could ...

Business

Author of explosive Meta memoir to star at US Senate hearing

The former Facebook employee behind a scathing book about parent company Meta will testify Wednesday before US senators keen to establish whether the social networking giant ever collaborated with the Chinese government.