Musk's AI startup raises further $6 bn
Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.
Dec 24, 2024
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Telegram founder says messaging app profitable for first time
The founder and chief executive of the Telegram encrypted messaging app Pavel Durov said on Monday that the platform had recorded a net profit for the first time in 2024, with annual revenue exceeding $1 billion.
Dec 23, 2024
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US probes China chip industry on 'anticompetitive' concerns
The United States said Monday it is opening an investigation into China's policies for its semiconductor industry, over concerns that Beijing is turning to "extensive anticompetitive and non-market means" to undermine other ...
Dec 23, 2024
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Business
Qualcomm scores key win in licensing dispute with Arm
A federal jury in the United States on Friday delivered a key win to mobile commputing titan Qualcomm in a licensing dispute with Arm, although proceedings between the chipmakers ended in mistrial.
Dec 21, 2024
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Business
El Salvador plans to sell or shut its crypto wallet
El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.
Dec 20, 2024
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Business
Amazon, OSHA reach settlement over warehouse safety citations
Federal safety regulators have dropped nine of 10 citations accusing Amazon of putting warehouse workers at a high risk of injury, part of a settlement agreement that requires the company to continue finding ways to reduce ...
Dec 20, 2024
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Business
AI will continue to grow in 2025, but it may face major challenges along the way
In 2024, artificial intelligence (AI) continued taking large and surprising steps forward.
Dec 19, 2024
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Business
Retailers offer last-minute shoppers a Santa's little helper: AI
Say your nephew needs a Christmas present and you vaguely know what he's into these days. A new Gift Finder feature on the Best Buy app lets users ask questions like, "What can I get for a 10-year-old who loves Minecraft?"
Dec 19, 2024
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Business
Apple complains Meta requests risk privacy in spat over EU efforts to widen access to iPhone tech
Apple complained that requests from Meta Platforms for access to its operating software threaten user privacy, in a spat fueled by the European Union's intensifying efforts to get the iPhone maker to open up to products from ...
Dec 19, 2024
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Business
Sony buys 10% of 'Elden Ring' owner for $320 mn
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'.
Dec 19, 2024
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Business
Australian behind false Bitcoin claim given suspended jail term
An Australian computer scientist who falsely claimed to be the founder of Bitcoin received a suspended jail sentence Thursday in Britain for contempt of court after breaching a judge's order.
Dec 19, 2024
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Business
Thousands of US Amazon staff strike days before Christmas
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.
Dec 19, 2024
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Business
ChatGPT errors show it cannot replace finance professionals just yet
While large language models like ChatGPT can do well when choosing multiple-choice answers on financial licensing exams, they falter when dealing with more nuanced tasks.
Dec 18, 2024
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Business
Spain targets Airbnb in illegal ads probe
Spain's leftist government on Wednesday opened an investigation into holiday rental platform Airbnb for allegedly failing to take down adverts for thousands of apartments without a tourist license.
Dec 18, 2024
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Business
Dutch authorities fine Netflix 4.75 mn euros over personal data use
Dutch authorities fined video streaming giant Netflix 4.75 million euros ($4.98 million) Wednesday over its handling of subscribers' personal data, which it said was unclear or incomplete in several respects.
Dec 18, 2024
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Business
US Supreme Court agrees to hear TikTok ban case
The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down.
Dec 18, 2024
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Business
Amazon investing another $10 billion in Ohio-based data centers
Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio.
Dec 18, 2024
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Business
One billion users, but controversies mount up for TikTok
TikTok's breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China.
Dec 18, 2024
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Business
Hybrid machine learning model predicts financial market volatility with increased accuracy
With volatility so closely tied to investment risk and returns, it's no wonder that a statistical method that captured time-varying volatility was deemed worthy of a Nobel Prize. Since its creation, many financial institutions ...
Dec 17, 2024
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Business
Travelers weigh in on weight-based airfares for eco-friendly skies
The holidays are in full swing and people are shopping, wrapping and packing to visit loved ones. Along with the extra fees for checked baggage and seat upgrades, some airlines are also considering weight-based pricing.
Dec 17, 2024
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Business
AI startup Databricks raises $10 bn as value soars
Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company's valuation to $62 billion.
Dec 17, 2024
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