Business news

Business

Meta begins job cuts as it shifts from Metaverse to AI devices

Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company's Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features.

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

Why 5G alone may not be enough for tomorrow's factories

As manufacturers race toward smarter, faster and more automated production, the networks holding those systems together are coming under growing strain. Robots, sensors and autonomous machines all demand split-second responses ...

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

AI could impact 40 percent of jobs worldwide: UN

The global artificial intelligence market is projected to reach $4.8 trillion—roughly the size of Germany's economy—by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected.

Business

Researchers teach LLMs to solve complex planning challenges

Imagine a coffee company trying to optimize its supply chain. The company sources beans from three suppliers, roasts them at two facilities into either dark or light coffee, and then ships the roasted coffee to three retail ...

Business

Meta's head of AI research stepping down

The head of Meta's artificial intelligence research division said she plans to step down, vacating a high-profile position at a time of intense competition in the development of AI technology.