Business news

Business

Get ready for mobile 'stores on wheels.' Research shows they can outperform traditional retail stores

As retailers increasingly embrace artificial intelligence (AI), robotics and autonomous vehicles, a new retail model is beginning to emerge: mobile stores that drive directly to customers instead of waiting for customers ...

Business

What the OpenAI-hugging face breach reveals about AI governance failures

A series of recent AI security lapses—including the OpenAI–Hugging Face breach—is raising a fundamental question: Can tech companies safely govern the powerful AI systems they build, or is stronger outside oversight now essential?

Business

Human remixes pay creatives, AI just pays shareholders

Generative AI is built on the work of humans, but these creatives are rarely paid. If we don't protect them now, entire categories of labor risk being obliterated.

Business

Review investigates effects of automation on the mining industry in South Africa

South Africa's mining industry risks increased inequality through the adoption of fourth industrial revolution technologies unless automation is matched by stronger governance and workforce support, according to a review ...

Business

EU accepts X's plan to fix digital content violations

The European Union announced Wednesday that it had accepted a plan by Elon Musk's X social media platform to correct digital-content violations that led to a 120 million euros ($138 million) fine.

Business

PayPal shares jump on reported $53 bn Stripe takeover bid

Shares in PayPal surged as much as 13% on Wall Street Wednesday after reports that payments firm Stripe and private equity group Advent International had made a joint offer to buy the digital payments pioneer.

Business

Meta employees allege discriminatory AI-driven layoffs

Twenty-six Meta employees have filed a lawsuit accusing the tech giant of using artificial intelligence to select workers for mass layoffs, a claim strongly denied by the trillion-dollar company.

Business

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25% Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending because of expected higher prices for memory chips and other AI-related ...

Business

OpenAI number two Simo steps down to focus on health

Top Silicon Valley executive Fidji Simo announced Wednesday she is leaving her full-time role at OpenAI to go part time as an adviser and focus on recovery from a chronic illness.

Business

How do jet fuel changes actually affect airfares?

As concerns grow over global fuel supplies and the cost of flying, new research from the University of Adelaide shows the relationship between jet fuel prices and airfares is not as simple as passengers might think. The study ...

Business

EU rejects Apple blame for delayed Siri AI rollout

The EU on Tuesday rejected Apple's blame for the delayed rollout of its AI-enhanced voice assistant, saying it was up to the U.S. giant to make products that follow the rules.

Consumer & Gadgets

Apple tries again on AI, turns to Google for help

Apple unveiled an artificial intelligence overhaul for the iPhone on Monday, turning to Google for help two years after the company stumbled in its first attempt.

Business

Offshore wind could potentially cover 11% of North Sea by 2050

New research has mapped a plausible scenario for how offshore wind could reshape the North Sea by 2050, showing that if all current political commitments were built, around 11% of the basin would fall within wind farm boundaries.