Business news
Business
Green subsidies may have hidden costs, experts warn
Government subsidies for business practices and processes should be approached with caution, even when they seem to be environmentally friendly, writes a group of scientists and economists in this week's Policy Forum in the ...
11 hours ago
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Revolut urges Meta to step up on cyber fraud reimbursement
British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.
9 hours ago
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Opinion: Data center emissions are soaring—it's AI or the climate
Artificial intelligence (AI) is curating your social media feed and giving you directions to the train station. It's also throwing the fossil fuel industry a lifeline.
13 hours ago
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AI can only do 5% of jobs, says economist who fears crash
Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. "I'm not an AI pessimist," he declares seconds into an interview.
16 hours ago
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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 ...
12 hours ago
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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.
15 hours ago
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Business
FTC antitrust lawsuit against Amazon will proceed, some claims dropped
The Federal Trade Commission's antitrust lawsuit against Amazon will proceed, though some claims have been dropped, following a ruling from a federal district judge.
16 hours ago
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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."
20 hours ago
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Business
Do NFTs create value in games? There are at least three ways to look at it
When blockchain is introduced into video gaming, the economy and sometimes the entire design of such games focus on artificial scarcity and ownership of game items. However, this approach overlooks some of the most important ...
Oct 2, 2024
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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.
Oct 2, 2024
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Business
EU queries Snapchat, TikTok, YouTube over 'harmful' content risks
The EU voiced concerns about "harmful" content posted on Snapchat, TikTok and YouTube as it told the digital platforms on Wednesday to hand over more information on how their platforms recommend content to users.
Oct 2, 2024
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Business
Sidewalk robots are teaming with drones for Dallas food deliveries
Sidewalk robots are set to help some of their airborne counterparts with deliveries in Dallas under an agreement between key players in the industry.
Oct 2, 2024
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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.
Oct 2, 2024
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Business
Samsung says planning job cuts in some Asian operations
Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed.
Oct 2, 2024
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Business
X agrees to pay Brazil fines, court orders finances unblocked
A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the social media platform agreed to pay more than $5 million in fines.
Oct 2, 2024
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Business
AI probably isn't the big smartphone selling point that Apple and other tech giants think it is
As is their tradition at this time of year, Apple announced a new line of iPhones last week. The promised centerpiece that would make us want to buy these new devices was AI—or Apple Intelligence, as they branded it. Yet ...
Oct 1, 2024
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Business
Using artificial intelligence to reduce risks to critical mineral supply
Australia risks losing its world-leading advantage in critical and rare minerals used for clean energy, electric vehicles and batteries for solar energy, unless it embraces artificial intelligence in the mining sector, according ...
Oct 1, 2024
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Business
Happy, sad or angry? AI can detect emotions in text according to new research
Artificial intelligence (AI) has begun to permeate many facets of the human experience. AI is not just a tool for analyzing data—it's transforming the way we communicate, work and live. From ChatGPT through to AI video ...
Oct 1, 2024
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Business
Congress is trying to force carmakers to keep AM radio—how this could be an opportunity to correct past mistakes
A lament about the demise of AM radio has been rising in the halls of Congress.
Oct 1, 2024
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Business
Sony's PlayStation Network suffers hourslong outage, irking videogamers
Sony's PlayStation Network went down for hours on Tuesday, frustrating gamers around the world who complained they weren't able to sign in to their accounts.
Oct 1, 2024
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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 ...
Oct 1, 2024
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Business
California enacts law to protect brain data
A new California law extends consumer privacy protection to brainwave data gathered by implants or wearable devices.
Oct 1, 2024
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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.
Oct 1, 2024
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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 ...
Oct 1, 2024
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