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

Faster renewable shift could save EU billions, analysis shows

Recurring geopolitical tensions and energy import limitations have raised energy prices across the European Union (EU), exposing a gap in energy supplies and vulnerabilities in energy security. With energy prices showing ...

Business

Energy crunch fuels car pool growth

Rising fuel prices triggered by the Middle East war are driving a sharp increase in carpooling, with a ride-sharing platform reporting a surge in new users seeking cheaper ways to travel.

Business

IBM says to boost open-source security with $5 bn project

American tech giant IBM and its IT services subsidiary Red Hat said Thursday that they would deploy billions of dollars and thousands of staff to secure open source software against new cybersecurity threats.

Business

Quantifying forks in Bitcoin mining—and their energy cost

Creating new cryptocurrency requires large amounts of computing power, which is used to solve cryptographic puzzles in what is known as proof-of-work mining. When two computers attempt to solve the same puzzle, the first ...

Business

Airbnb expands into hotels, cars, groceries

Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.