Business news

Business

EU court trims Qualcomm fine to 238.7 mn euros

An EU court on Wednesday largely upheld an antitrust fine against US chipmaking giant Qualcomm but reduced the penalty slightly to 238.7 million euros ($265 million).

Business

Microsoft-BlackRock team to raise $100 bn for AI data centers

Microsoft and investment powerhouse BlackRock on Tuesday said they have teamed up to raise as much as $100 billion for data centers and infrastructure to power artificial intelligence.

Business

Research shows that auto plants grew their workforces after transitioning to electric vehicle production

U.S. auto plants producing battery electric vehicles have required a larger workforce than traditional internal combustion engine plants—a finding that runs counter to early predictions about how EVs would impact the industry.

Business

Seeking help for crypto wallet problems on social media can attract scammers

The increasing popularity of cryptocurrencies has turned social media into a central place where users look for help when they have problems with their crypto wallet or private key. Scammers take advantage of this situation ...

Business

How AI can help stop the spread of misinformation

Machine learning algorithms significantly outperform human judgment in detecting lying during high-stakes strategic interactions, according to new research from the University of California San Diego's Rady School of Management.

Business

Boeing, union resume talks as strike empties Seattle plants

Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.

Consumer & Gadgets

Meta, Ray-Ban maker extend smart glasses partnership

Ray-Ban maker EssilorLuxottica said Tuesday that it extended a partnership with Facebook and Instagram owner Meta to develop smart-eyewear products after producing glasses that let users make calls, capture images and listen ...

Business

Nvidia says it plays fair in AI chip market

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout.

Business

Cathay flights to resume fully by Saturday after A350 repairs

Cathay Pacific plans to resume full operations by Saturday after replacing defective engine fuel lines on its Airbus A350 planes, the airline said Wednesday, a problem that forced it to cancel dozens of flights this week.