Business news

Business

AI beats human forecasters in tournament predicting 30 tech ventures

For decades, the idea that artificial intelligence can beat humans at number-crunching tasks like high-frequency trading has been widely accepted. But strategic foresight—the ability to predict the success of high-stakes, ...

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

Workers' information shared with third-party companies, new research reveals

Companies are sharing workers' identifiable information and online activity with third-party companies, including Microsoft, Google and Facebook, using employee monitoring software known as "bossware," new Northeastern University ...

Business

Technology usually creates jobs for young, skilled workers. Will AI do the same?

At any given time, technology does two things to employment: It replaces traditional jobs, and it creates new lines of work. Machines replace farmers, but enable, say, aeronautical engineers to exist. So, if tech creates ...

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.

Business

Musk loses blockbuster OpenAI suit as jury says too late

A federal jury ruled Monday that billionaire Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to the ChatGPT startup and ending one of Silicon Valley's most closely watched courtroom ...

Business

US tech giants announce India deals at AI summit

Google said it would build new subsea cables from India and chip titan Nvidia unveiled tie-ups with computing firms on Wednesday as tech giants rushed to announce deals and investments at a global AI conference in New Delhi.

Business

How AI can cause businesses to lose their knowledge

Over time, the loss of human expertise caused by AI use can impair the quality of that very AI—in the worst case, insidiously and unnoticed. This is the finding of a new study by researchers from the University of Passau ...

Business

AI governance is not just top-down in China, research finds

China watchers arguing that Beijing's artificial intelligence controls are dependent on its authoritarian government are peddling a "stereotypical narrative," according to new research. Xuechen Chen, associate professor in ...

Business

xAI sees key staff exits, Musk promises moon factories

Half of the original founding team at Elon Musk's artificial intelligence startup xAI has now departed after two co-founders resigned in rapid succession this week, raising fresh questions about talent retention ahead of ...

Business

AI could rebalance power between people and the services they use

Artificial intelligence could help people who feel overwhelmed, excluded or disadvantaged when dealing with everyday tasks like paying energy bills or booking health care appointments, according to a new study involving researchers ...

Business

Scaling-up global solar panel manufacturing sustainably

As solar energy rapidly expands to meet urgent climate targets and increasing demand for electricity, the key challenge is to ensure that this transition is not just scalable but sustainable. Pioneering research led by Northumbria ...

Business

Google turns to century-long debt to build AI

Google-parent Alphabet will issue bonds maturing in 100 years as it continues to invest massively in infrastructure for artificial intelligence, according to data published Tuesday by Bloomberg.