Business news

Business

Factory and warehouse rooftops offer untapped opportunity to help disadvantaged communities bridge solar energy divide

Lower-income communities across the United States have long been much slower to adopt solar power than their affluent neighbors, even when local and federal agencies offer tax breaks and other financial incentives.

Business

Crypto fraudster Bankman-Fried faces sentencing

Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.

Business

How long before quantum computers can benefit society? That's Google's US$5 million question

Google and the XPrize Foundation have launched a competition worth US$5 million (£4 million) to develop real-world applications for quantum computers that benefit society—by speeding up progress on one of the UN Sustainable ...

Consumer & Gadgets

Two new video game studios form with 'Star Wars' and id Software pedigrees

Video game studios like other tech industry has seen plenty of tumult this year. Publishers have announced several layoffs while others have said they will refocus their approach. That means plenty of talent is out there, ...

Business

California looks to Europe to rein in AI

California, home to Silicon Valley, is eager to rein in the deployment of artificial intelligence and is looking to Europe's tough-on-big-tech approach for inspiration.

Business

Alibaba withdraws Hong Kong IPO for logistics arm

Chinese e-commerce titan Alibaba is withdrawing a planned initial public offering for its logistics arm Cainiao, the company said Tuesday, as a major company overhaul faces setbacks.

Business

Bankrupt FTX sells stake in hot AI startup Anthropic

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

Consumer & Gadgets

Apple's 'Walled Garden' under fire in lawsuit

Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products.

Business

Justice Department to sue Apple for antitrust violations

The Justice Department is poised to sue Apple Inc. as soon as Thursday, accusing the world's second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of ...

Business

String of litigation cases bites Apple

The US government Thursday sued Apple claiming the tech behemoth illegally maintained a monopoly for its iPhone by stifling competition and imposing high costs on consumers—the latest in a string of legal headaches facing ...

Business

Is AI a job killer? In California it's complicated

For the thousands of tech workers recently laid off in California and across the country, the future may not be as bleak as it looks right now: Many are likely to retrain fairly quickly for new jobs in the burgeoning field ...