Business news

Business

Taiwan tech giant Foxconn's 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

Business

Cryptocurrency's transparency is a mirage: New research shows a small group of insiders influence its value

United States President Donald Trump recently announced the U.S. would establish a strategic cryptocurrency reserve of Bitcoin, Ether, Ripple, Solana and Cardano. This move, he said, would make the U.S. "the crypto capital ...

Business

Bluesky wants 'a world without Caesars' for social media

"A world without Caesars." With this message emblazoned in Latin on her black T-shirt, Bluesky CEO Jay Graber greeted a standing-room-only audience at the South by Southwest festival.

Business

Four Chinese firms looking to shake up the tech world in the wake of DeepSeek

The success of the Chinese AI firm DeepSeek shocked financial markets and major US tech firms in January 2025. But it shouldn't have come as such a surprise.

Business

US tech firm Salesforce to invest $1.0 bn in Singapore

US cloud software giant Salesforce said Wednesday it planned to invest $1.0 billion in Singapore over the next five years to boost the use of artificial intelligence agents (AI) in the workforce.

Consumer & Gadgets

What is the 'digital gender gap?'

Digital technologies, such as the internet and mobile phones, have spread widely, and become integral to many parts of our lives. Yet women continue to lag behind men in digital access in many countries.

Consumer & Gadgets

The impact of app crashes on consumer engagement

High-profile mobile app crashes reveal how life can be upended when an app freezes abruptly or shuts down. The Sonos app crash in May of last year left users of the wireless multi-room sound systems unable to do things like ...

Business

Texas tech boom: Silicon Valley's southern outpost rises

Held every year in the capital of conservative-leaning Texas, the South by Southwest festival increasingly celebrates the state's emergence as a technology hub stepping out of Silicon Valley's shadow.

Business

Apple step closer to seeing end of Indonesia iPhone sales ban

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy.

Business

Q&A: How DeepSeek is changing the AI landscape

On Monday January 27, a little known Chinese start-up called DeepSeek sent shockwaves and panic through Silicon Valley and the global stock market with the launch of their generative artificial intelligence(AI) model that ...

Business

DeepSeek, Nvidia and the AI race that's shaping the future

The AI revolution is well underway and two companies—DeepSeek and Nvidia—stand out among those competing to lead it. Outside the financial world, the story might seem distant—but it really does have consequences for ...

Business

How AI bias shapes everything from hiring to health care

Generative AI tools like ChatGPT, DeepSeek, Google's Gemini and Microsoft's Copilot are transforming industries at a rapid pace. However, as these large language models become less expensive and more widely used for critical ...

Business

How will AI be used in advertising?

The Super Bowl, which will be broadcast on Feb. 9, and will feature the Kansas City Chiefs and the Philadelphia Eagles, is much more than just a major sporting event. It's a way for advertisers to showcase cars, consumer ...

Business

Google shares plummet after earnings disappoint

Shares in Google dropped by more than seven percent on Wall Street on Wednesday, a day after its latest quarterly earnings showed stalled growth in cloud and massive spending.

Business

Apple blasts porn app for iPhones in Europe

Apple on Monday called a pornography app available for iPhones in the European Union a danger to children, saying landmark digital rules there allowed it to get on to its handsets via an alternative to its App Store.

Business

Stablecoin issuer Tether says profit was $13 billion last year

Tether Holdings Ltd., the stablecoin issuer that was pulled into the spotlight this week during the confirmation hearing for Donald Trump's pick to run the Commerce Department, said it made an eye-popping $13 billion in profits ...

Business

Meta mulling incorporation shift to Texas: report

Meta is considering whether to move its incorporation to Texas, a US state seen as amenable to companies run by big shareholders like Mark Zuckerberg, the Wall Street Journal reported Friday.