Business news

Business

Many Verizon customers across the US hit by service outage

Some Verizon customers across the U.S. were hit by a service outage Monday.

Business

Study: Conflicting goals, focus on economic development lead to underperforming streetcar systems

A city's streetcar system can be many things. But it can't be everything. New research from the University of Kansas has found that cities with underperforming streetcar systems often get there by setting too many—and sometimes ...

Business

German antitrust watchdog steps up monitoring of Microsoft

Germany's anti-cartel watchdog said Monday it had placed US tech giant Microsoft under closer surveillance for any possible abuse of its market position.

Business

Satellite service DirecTV buys rival Dish as it fights the onslaught of streaming services

DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.

Business

California governor vetoes AI safety bill

California Governor Gavin Newsom has vetoed a bill aimed at regulating powerful artificial intelligence models following pushback from tech giants and critics who argued the law went too far.

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.

Business

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.

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 ...

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.

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.

Business

Corporate race to use AI puts public at risk, study finds

A rush by Australian companies to use generative Artificial Intelligence (AI) is escalating the privacy and security risks to the public as well as to staff, customers and stakeholders, according to a new study.

Business

HTC boss welcomes Apple VR competition

The boss of consumer electronics firm HTC on Monday welcomed Apple's launch of its own a mixed reality headset, saying it will help the technology take off and become mainstream.

Consumer & Gadgets

Smartphone makers bet on AI to boost sales

Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand.

Business

US Supreme Court hears challenges to social media laws

The US Supreme Court, in a case that could determine the future of social media, heard arguments on Monday about whether a pair of state laws that limit content moderation are constitutional.

Business

Tech titans yield to new EU rules before March deadline

2024 will be a year of change for the world's biggest tech companies as they bow to EU rules that come into force next month, shaking up how Europeans use vastly popular platforms from Google to Instagram.

Business

Brash tech lobby drives social media battles to Supreme Court

After California passed a law forcing digital platforms to adopt privacy guardrails and safety standards for young users, Carl Szabo had a blunt warning for legislators attending the nation's biggest conference for state ...

Business

Apple set to face near €500 million EU fine in Spotify row

Apple Inc. will face a European Union fine close to €500 million ($539 million) over the regulator's investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms.

Business

Regulatory tech costs can have benefits, too

RegTech might be one of the biggest new industries you've never heard of. The term most often refers to technology that helps companies comply with government regulations. In 2028, businesses are projected to spend $208 billion ...