Business news
Business
Epic Games sues Google and Samsung over app store
Fortnite-maker Epic Games is suing tech giants Google and Samsung, it announced Monday, accusing them of illegally colluding to block competition on Samsung devices.
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Consumer & Gadgets
How the cost of living crisis and games industry turmoil could hurt Sony's PlayStation 5 Pro release
In late November 2020, I was one of those people standing in line—or rather, refreshing my browser—hoping to snag a PlayStation 5 during a restock. The pandemic was in full swing, and with most of the world locked indoors, ...
Sep 28, 2024
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Brazil judge makes new requests to allow X to be reinstated from suspension
Brazilian Supreme Court Justice Alexandre de Moraes on Friday added conditions for Elon Musk's X to have its service reestablished in the country, one day after the social media platform said it had complied with all the ...
Sep 28, 2024
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UK govt buys semiconductor facility key to defense
The UK government announced on Friday that it had acquired a key semiconductor factory after fears its imminent closure would hamper a crucial supply chain to Britain's armed forces.
Sep 28, 2024
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Boeing strike grinds on as latest talks fail to reach agreement
The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month.
Sep 28, 2024
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Business
Clean energy transition: The impact of financial costs on the development of renewable energy sources
It is widely recognized that finance is one of the critical enablers of accelerating climate action. However, renewable energy deployment (particularly in developing countries) requires more financing than fossil fuel-based ...
Sep 27, 2024
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Business
Amazon's $4 billion partnership with AI startup Anthropic gets UK competition clearance
Britain's competition watchdog said Friday that it's clearing Amazon's partnership with artificial intelligence company Anthropic because the $4 billion deal didn't qualify for further scrutiny.
Sep 27, 2024
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Business
Meta hit with $102 million privacy fine from European Union over 2019 password security lapse
Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.
Sep 27, 2024
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Business
OpenAI discusses giving Altman 7% stake in for-profit shift
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first ...
Sep 27, 2024
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Business
'Broken' news industry faces uncertain future
From disinformation campaigns to soaring skepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.
Sep 27, 2024
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Business
EasyJet founder makes life hard for 'brand thieves'
Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.
Sep 27, 2024
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Business
Google expert at antitrust trial says government underestimates competition for online ad dollars
Federal regulators who say Google holds an illegal monopoly over the technology that matches online advertisers to publishers are vastly underestimating the competition the tech giant faces, an expert hired by Google testified ...
Sep 27, 2024
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Business
X says complied with Brazil court orders, should be reinstated: source
Elon Musk's X social media platform has complied with orders from Brazil's Supreme Court and is asking for its suspension in the country to be lifted, a source close to the case told AFP on Thursday.
Sep 27, 2024
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Business
Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform
A Florida firm owned by former contestants on "The Apprentice" has disposed of nearly all its 5.5% stake in Trump Media & Technology Group, which owns former president Donald Trump's Truth Social platform.
Sep 27, 2024
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Business
US regulator urges safety checks on some Boeing 737 rudders
The US National Transportation Safety Board (NTSB) on Thursday issued "urgent safety recommendations" regarding the rudder systems on certain Boeing 737 aircraft, highlighting a risk of jamming.
Sep 27, 2024
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Business
Regulating artificial intelligence: From BRICS to beyond
Researchers from the Advancing Systems Analysis (ASA) program recently participated in a seminar inviting expert dialogue on the role of BRICS competition authorities in the fast-maturing era of artificial intelligence (AI) ...
Sep 26, 2024
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Business
Big lithium plans for Imperial Valley, one of California's poorest regions, raise a bigger question: Who should benefit?
Imperial County consistently ranks among the most economically distressed places in California. The Salton Sea, the state's biggest and most toxic lake, is an environmental disaster. And the region's politics have been dominated ...
Sep 26, 2024
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Business
Hydrogen is touted as a climate solution, but can it be good business?
Hydrogen is often seen as a key element in the global energy transition, offering a cleaner alternative to fossil fuels—in particular for difficult-to-decarbonize sectors such as heavy-duty transportation and steel and ...
Sep 26, 2024
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Business
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable ...
Sep 26, 2024
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Business
Ubisoft shares sink after 'Assassin's Creed' delay
Shares in French video game giant Ubisoft plunged nearly 20 percent Thursday after it dropped its profit targets following a delay to its latest "Assassin's Creed" title.
Sep 26, 2024
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Business
OpenAI Chief Technology Officer Mira Murati and 2 other execs are leaving the ChatGPT maker
A high-ranking executive at OpenAI who served a few days as its interim CEO during a period of turmoil last year said she's leaving the artificial intelligence company.
Sep 26, 2024
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Business
Parents will have to set aside some earnings for child influencers under new California laws
Parents in California who profit from social media posts featuring their children will be required to set aside some earnings for their minor influencers under a pair of measures signed Thursday by Gov. Gavin Newsom.
Sep 26, 2024
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Business
Google CEO says antitrust trials could drag on for years
Alphabet Inc. Chief Executive Officer Sundar Pichai said it will take many years to resolve Google's antitrust battles, downplaying the idea that they pose an immediate threat to the company's business.
Sep 26, 2024
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Consumer & Gadgets
Meta unveils cheaper VR headset, AI updates and shows off prototype for holographic AR glasses
Meta unveiled updates to the company's virtual reality headset and Ray Ban smart glasses on Wednesday as it tries to demonstrate its artificial intelligence prowess and the next generation of computing platforms beyond smartphones ...
Sep 25, 2024
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Business
X releases its first transparency report since Elon Musk's takeover
Social media platform X on Wednesday published its first transparency report since the company was purchased by Elon Musk. The report, which details content moderation practices, shows the company has removed millions of ...
Sep 25, 2024
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