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US to give Micron $6.1 bn for American chip factories
Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.
Business
2 hours ago
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Meta profits soar but costs of AI cause worry
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.
Business
6 hours ago
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What next for TikTok in the US?
TikTok on Wednesday said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States.
Business
18 hours ago
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Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp.'s planned campus in Nashville, Tennessee, will serve as the business software giant's world headquarters, placing it in a city that's a center for the U.S. health care industry, company Chairman Larry Ellison ...
Business
18 hours ago
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Mired in crisis, Boeing reports another loss
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.
Business
21 hours ago
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Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
British competition regulators said Wednesday they'll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
Business
21 hours ago
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TikTok suspends rewards program after EU probe
TikTok on Wednesday announced the suspension of a feature in its spinoff TikTok Lite app in France and Spain that rewards users for watching and liking videos, after the European Union launched a probe.
Business
21 hours ago
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EU lawmakers approve scaled-back rules for app worker rights
The European Parliament on Wednesday endorsed rules to strengthen the rights of workers in the gig economy on digital platforms such as Uber and Deliveroo.
Business
21 hours ago
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TikTok to fight US ban law in courts
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government.
Business
22 hours ago
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Microsoft claims that small, localized language models can be powerful as well
Microsoft has announced the development of a small, locally run family of AI language models called Phi-3 mini. In their Technical Report posted on the arXiv preprint server, the team behind the new SLM describes it as more ...
Securing competitiveness of energy-intensive industries through relocation: The pulling power of renewables
Countries with limited potential for renewables could save up to 20% of costs for green steel and up to 40% for green chemicals from green hydrogen if they relocated their energy-intensive production and would import from ...
Business
23 hours ago
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Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good.
Business
Apr 24, 2024
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Italy fines Amazon over 'recurring' purchase option
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices that push customers into agreeing to "recurring" rather than "one-time" purchases ...
Business
Apr 24, 2024
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China, future HQ: New ASML boss faces bulging in-tray
Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.
Business
Apr 24, 2024
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Chinese sellers go to TikTok school to reach buyers abroad
Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users.
Business
Apr 24, 2024
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Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles.
Business
Apr 24, 2024
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Opinion: The move by Apple Memories to block potentially upsetting content illustrates Big Tech's reach
How do algorithms determine the way we interact with our memories?
Business
Apr 23, 2024
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General Motors lifts 2024 profit forecast after strong Q1
General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.
Business
Apr 23, 2024
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Google fires more workers who protested its deal with Israel
Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group ...
Business
Apr 23, 2024
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You don't need to own an iPhone for the government lawsuit against Apple to benefit you
Last month, the Department of Justice filed its long-awaited antitrust suit against Apple, accusing the company of monopolizing the smartphone market. This makes Apple the last of the U.S.-based tech giants to face a major ...
Consumer & Gadgets
Apr 23, 2024
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