Business news

Business

How can EU battery regulations help improve global sustainability governance in other sectors?

In a new paper, researchers explain how EU battery regulations can help lay the groundwork for a widely shared evidentiary system for global sustainability governance.

Internet

Some of Meta's safety tools were 'designed to fail': Witness

A former employee testified Wednesday that some of Meta's safety tools for Facebook and Instagram were "designed to fail," contradicting the company's defense strategy in a landmark trial in California.

Business

Meta hooked children and misled the public: Prosecutors

Meta hooked and exploited children, a federal court heard Tuesday in the trial of the social media giant on charges that it deliberately made Instagram and Facebook addictive to young users.

Business

China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

Baidu posted a fifth straight drop in quarterly revenue on Tuesday as the Chinese tech giant expressed confidence in its transition to artificial intelligence services to drive long-term growth.

Business

AI creates new jobs in over half of UK firms: Study

Artificial intelligence has created new jobs in more than half of UK firms, according to a study by British bank Lloyds released Tuesday, even as fears about its impact on employment grow.

Business

Twitch sparks gamers' wrath with Amazon AI sharing deal

Livestream gaming giant Twitch has raised hackles among its millions of users after declaring it will share their data with its parent company, Amazon, to better train the online retailer's AI models.

Business

French newspapers target Google over AI summaries

A federation of nearly 300 French newspapers said Tuesday that it filed a complaint with the country's competition authority over Google's new AI-generated search-result summaries, fearing the feature will erode traffic to ...

Internet

EU tells Meta, TikTok to boost monitoring, fact-checking

The EU's tech chief called on Meta and TikTok to "act decisively" to stem disinformation at times of crisis, saying the European Commission held talks with both platforms Friday following last week's Ceuta migrant surge.

Business

Apple and OpenAI escalate legal battle over devices

A legal battle between Apple and OpenAI over the ChatGPT maker's secretive device project escalated this week when the artificial intelligence (AI) developer called the iPhone maker's allegations "baseless" and asked for ...

Business

Will companies ever be run by an AI CEO?

OpenAI's CEO Sam Altman has speculated about how long it will take for artificial intelligence to replace senior leadership teams in organizations. "Shame on me," Altman told the Conversations with Tyler podcast in November ...

Business

Google rolls back new satellite image AI tool after backlash

Google rolled back a new feature Friday allowing Google Earth users to generate AI visualizations on top of the service's satellite imagery, following a furious backlash from researchers and open-source intelligence experts ...

Business

Rethinking how AI supports investment decisions

Artificial intelligence (AI) is rapidly transforming modern finance, powering applications ranging from stock market forecasting to investment advice. But does making more accurate predictions necessarily lead to better investment ...

Business

A real-time look at how AI is reshaping work

Artificial intelligence may take over some tasks and transform others, but one thing is certain: it's reshaping the job market. Researchers at USC's Information Sciences Institute (ISI) analyzed LinkedIn job postings and ...

Business

Chinese state hackers targeting Microsoft customers

Chinese state-sponsored hackers are actively exploiting critical security vulnerabilities in users of Microsoft's popular SharePoint servers to steal sensitive data and deploy malicious code, the US tech giant warned Tuesday.

Business

Microsoft halts China-based tech support for Pentagon systems

Microsoft said Friday it is making sure that personnel based in China are not providing technical support for US Defense Department systems, after investigative news site ProPublica revealed the practice earlier this week.

Business

Netflix profits surge off ads, higher subscription prices

Netflix reported stronger-than-expected second-quarter results Thursday, with profit jumping 45% year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business.

Business

SpaceX launches competitor Amazon's Project Kuiper satellites

Just because Elon Musk and Jeff Bezos aren't the best of friends, and Amazon's Project Kuiper will directly compete with SpaceX's Starlink satellites for broadband internet, doesn't mean everyone can't still get along.

Business

Taiwan's TSMC says second quarter profit up 60%

Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60% rise in net profit for the second quarter on sustained demand for artificial intelligence technology.

Business

California farmers identify a hot new cash crop: Solar power

Imagine that you own a small, 20-acre farm in California's Central Valley. You and your family have cultivated this land for decades, but drought, increasing costs and decreasing water availability are making each year more ...