Business News

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
2024-05-31 17:07:05
A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge.
Overcoming barriers to heat pump adoption in cold climates and avoiding the 'energy poverty trap'
2024-05-31 17:07:03
Converting home heating systems from natural gas furnaces to electric heat pumps is seen as a way to address climate change by reducing greenhouse gas emissions.
'Are we there yet?' Driving Australia toward an EV future
2024-05-31 15:45:11
University of Queensland researchers have outlined five key steps needed to speed up Australia's transition to electric vehicles (EVs).
Chinese shopping app Temu faces stricter EU safety rules
2024-05-31 14:43:02
Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs.
African tech startups cater to continent's needs
2024-05-31 14:43:01
African startups, addressing overlooked needs, are putting the spotlight on a burgeoning tech scene, despite challenges like inequality and limited digitalization.
Foxconn eyes 40 percent global AI server market share
2024-05-31 09:08:25
Taiwanese tech giant Foxconn said Friday its global market for artificial intelligence servers is expected to increase to 40 percent this year, with AI products being the main driver for growth.
New power cables in Europe to make energy cheaper and more sustainable
2024-05-30 23:30:24
EU researchers are looking to improve the electric grid to reduce energy waste, cut costs and curb emissions.
Amazon gets FAA approval allowing it to expand drone deliveries for online orders
2024-05-30 18:37:16
Federal regulators have given Amazon key permission that will allow it to expand its drone delivery program, the company announced Thursday.
Does your service business need AI? Here are four rules to help you decide
2024-05-30 17:02:02
Artificial intelligence is the big thing right now, with industries from finance to health care to retail scrambling to adopt AI or risk being left behind. But speaking as professors of business, we think some companies might be jumping the gun.
Douyin sets $552.3 billion sales target for this year: report · TechNode
2024-05-30 14:46:22
Short video platform Douyin is aiming for an ambitious RMB 4 trillion ($552.3 billion) goal in e-commerce transactions this year, according to local media
HBO’s MoviePass doc is a snapshot of how C-suites kill companies
2024-05-30 14:46:18
MoviePass’ Black founders finally get to speak their peace in HBO’s new documentary.
Elon Musk’s xAI raises $6 billion to fund its race against ChatGPT and all the rest
2024-05-30 14:46:17
How much of that money is going to be spent on GPUs?
AI expansion runs into green energy roadblock
2024-05-30 13:10:24
Even artificial intelligence doesn't have the smarts to square the left's green agenda with the energy needs of the future.
Google to invest $2 bn in Malaysia: government
2024-05-30 08:57:17
Google will invest $2 billion in Malaysia to house the firm's first data center in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities.
Boeing set to deliver plan to regulators on upgrading safety
2024-05-30 08:57:17
Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.
Australia engaging with Ticketmaster over hacking 'incident'
2024-05-30 08:57:17
The Australian government was on Thursday investigating claims by a hacking group to have stolen the details of 560 million customers from global events giant Ticketmaster, with the FBI offering its assistance.
EU seeks roadblocks for Chinese EVs without sparking trade war
2024-05-30 08:57:17
The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war.
Iran iPhone users signal dismay over new models ban
2024-05-30 08:20:09
At a Tehran cafe, Hamid waves his mobile around hoping to latch onto a faint signal and thus bypass Iran's stringent ban on the latest models of iPhone.
Fears over future of the car industry as sales fall and spare parts become scarce
2024-05-30 04:14:26
Much money and time has been spent recently persuading people not to be so reliant on cars. And there are certainly good reasons—for our health and the environment—to move about more on foot, by bike or on trains.
Google's AI Overview: 'They might be cannibalizing their own revenue stream,' expert says
2024-05-30 04:08:53
Google recently unveiled its overhauled search engine that includes several features powered by artificial intelligence. One of those features, AI Overview, provides users with more direct answers to their queries.

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