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How AI is improving accounting efficiency—without replacing jobsA new study finds that accountants are using AI to streamline workflows and close their books faster. The takeaway: AI isn't replacing accountants, but enhancing their work when combined with human expertise.... Read more
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Distrust in AI is on the rise—but along with healthy skepticism comes the risk of harmSome video game players recently criticized the cover art on a new video game for being generated with artificial intelligence (AI). Yet the cover art for Little Droid, which also featured in the game's launch trailer on YouTube, was not concocted by AI. It was, the developers claim, carefully designed... Read more
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Microsoft's largest layoff in years hits Xbox, sales and other divisionsMicrosoft is laying off thousands of workers, its second mass layoff in months and its largest in more than two years.... Read more
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Switch is building 'AI factories' in Las VegasLas Vegas data-center owner Switch is expanding its big presence in Southern Nevada with a new kind of facility: so-called AI factories.... Read more
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US judge says China's Huawei Technologies must face criminal case for racketeering and other chargesA U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes.... Read more
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Wolfspeed files for bankruptcy in effort to turn around NC chipmakerThe 38-year-old Durham, North Carolina, semiconductor supplier Wolfspeed filed for Chapter 11 bankruptcy, officially starting a reorganization the company says will allow it to shed billions in debt.... Read more
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Miami firm partners with JPMorgan Chase to bring AI-powered strategic consulting to small businessesA partnership between JPMorgan Chase and Miami-based firm Consulting IQ is set to reshape the landscape for small and midsize businesses (SMBs), providing them with access to high-level strategic consulting tools powered by artificial intelligence.... Read more
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As companies embrace AI, these leaders offer tips to make it betterIn 2025, it seems like just about everyone is talking about artificial intelligence and its myriad potential uses.... Read more
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New framework guides ethical use of AI in financial decision-makingIn the world of high finance, companies are hedging their bets on artificial intelligence (AI). Indeed, AI has already been used in algorithmic trading and fraud detection. As the technology grows more powerful and autonomous, so there is an urgent need to put in place checks and balances to ensure... Read more
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The hidden cost of convenience: How your data pulls in hundreds of billions of dollarsYou wake up in the morning and, first thing, you open your weather app. You close that pesky ad that opens first and check the forecast. You like your weather app, which shows hourly weather forecasts for your location. And the app is free.... Read more
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Unique method of rare-earth recycling could strengthen the raw material independence of Europe and AmericaA research team led by Dr. Miloslav Polášek at IOCB Prague has developed a new method of separating the rare earth elements, or lanthanides, which are widely used in the electronic, medical, automotive, and defense industries. The unique method allows metals such as neodymium or dysprosium to be purified from... Read more
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Apple weighs using Anthropic or OpenAI to power Siri in major reversalApple Inc. is considering using artificial intelligence technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort.... Read more
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CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investorsEmbarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa.... Read more
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Apple loses bid to dismiss major US antitrust caseA federal judge on Monday denied Apple's motion to dismiss a major antitrust lawsuit brought by the US government, allowing the case challenging the tech giant's alleged smartphone monopoly to move forward.... Read more
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Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlementHewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks.... Read more