Business news

Business

PFF adds an in-game grading feature to its NFL analysis

Pro Football Focus changed how many fans followed the NFL by providing grades and advanced statistics to help quantify how every player performed on a play-by-play basis from high-profile quarterbacks like Patrick Mahomes ...

Business

Google is working on reasoning AI, chasing OpenAI's efforts

Google is working on artificial intelligence software that resembles the human ability to reason, similar to OpenAI's o1, marking a new front in the rivalry between the tech giant and the fast-growing startup.

Business

Australian retailers urged to step into the future with smart technologies for customers

While self-service technologies in the Australian retail space were initially brought on to create convenience, the self-checkout counters have become the bane of many shoppers' existence.

Business

Dutch airline KLM unveils 'firm' cost-cutting measures

Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) "in the short term."

Business

Historic funding round values OpenAI at $157 billion

OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence.

Business

Oracle to invest $6.5 bn in Malaysian cloud services region

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

Business

Tech industry urges G7 to unify cloud security standards

A leading tech industry group on Tuesday called on G7 nations to harmonize cloud security certification across the world's richest nations, in an effort to stoke cooperation and counter calls that data should stay within ...

Business

Google to invest $1 billion in Thailand

Google plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center, the US tech giant has announced, saying the move would support 14,000 jobs in the kingdom.

Business

High costs slow widespread use of heat pumps in UK, study shows

The high cost of installing heat pumps for home heating could slow down people widely adopting the technology and leave government targets missed, research suggests. There has been a little to no reduction in the average ...

Business

US fund to buy German energy firm Techem for 6.7 bn euros

US private equity firm TPG said Tuesday it planned to buy German metering company Techem for 6.7 billion euros ($7.4 billion), highlighting the growing interest in energy efficiency solutions for the buildings sector.

Business

Key witness gives more damning evidence at US crypto trial

The former partner and girlfriend of Sam Bankman-Fried told a New York courtroom on Wednesday that she constantly worried that clients of their FTX crypto platform would discover they were being defrauded.

Business

Analysis identifies drivers of offshore wind development

As much as 20% of regional power needs along the Atlantic coast could be served by offshore wind farms by 2050, according to researchers with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) who ...

Business

Music plagiarism: Trial by algorithm?

Ed Sheeran convinced a jury this year that he didn't rip off Marvin Gaye's "Let's Get It On." By way of contrast, Pharrell Williams and Robin Thicke earlier failed to establish that "Blurred Lines" wasn't a copy of Gaye's ...

Business

Bluetooth inventors get OK to use Viking king's name

To the backdrop of the vast Jelling stones, Denmark on Tuesday granted the inventors of Bluetooth technology permission to use the name and symbol of Harald the Bluetooth for the next 1,000 years .

Business

Tech firms struggle as Israel-Gaza falsehoods explode

From fake accounts impersonating journalists to war-themed video games fueling false narratives, tech platforms are struggling to contain a tsunami of misinformation around Palestinian-Israeli hostilities after rolling back ...

Business

FTX co-founder testifies against Bankman-Fried

Sam Bankman-Fried knowingly used FTX clients' funds without permission to invest through his personal hedge fund, the disgraced crypto titan's former business partner testified in court on Friday.