AI is facing a regulation crackdown with or without Congress
Following the Federal Trade Commission opening an investigation into ChatGPT creator OpenAI, artificial intelligence companies can expect further actions from regulators.
PHOTOS: ‘Summer camp for billionaires’ underway in Sun Valley, Idaho
Allen & Company's annual conference in Sun Valley, Idaho, draws the world's most powerful business leaders who hobnob for a week-long retreat where deals are made.
Sudden new fees charged to millions of Americans by Big Tech vendor Toast spark congressional query
Congress is looking into new fees charged by Big Tech restaurant vendor Toast after a FOX Business exclusive report on Tuesday highlighting national outrage at the fees.
Elon Musk says ‘digital superintelligence’ could exist in 5–6 years
Elon Musk told bipartisan lawmakers on Wednesday that he believes "digital superintelligence" will exist within the next five or six years, and discussed other AI issues.
Democrats say ‘potentially illegal’ taxpayer data breach warrants DOJ investigation
Democratic lawmakers are calling for an investigation following a probe that they said revealed potentially illegal sharing of taxpayer data by tax prep companies.
Virgin Galactic announces flight window for first private astronaut mission
Virgin Galactic Holdings, Inc. announced its first-ever private astronaut mission on Thursday, with the flight window opening on Aug. 10. It will carry three passengers to space.
FTC appealing judge's ruling in Microsoft-Activision deal
The FTC will appeal a California judge’s decision to allow Microsoft’s $69 billion purchase of Activision Blizzard, according to a court filing late Wednesday.
House Republicans set to grill Biden's FTC chief over ethics, antitrust issues
Lina Khan, the Commissioner of the Federal Trade Commission (FTC), who has been embroiled in cases against tech companies, is facing accusations of politicizing the FTC.
Can AI stop San Francisco’s 'tech exodus'?
San Francisco has seen an exodus of residents and businesses since its pandemic lockdowns, including from its critical tech industry. But news data shows AI could be bringing it back.
Twitter hit with lawsuit claiming ex-employees owed at least $500M in severance pay
A former Twitter employee from the company's employee benefits department has filed suit against the company, claiming it owes at least $500 million in severance to laid-off employees.
Elon Musk introduces xAI, a new artificial intelligence company
Elon Musk's artificial intelligence company, xAI, received its official introduction on Wednesday, with the billionaire saying it aims to "understand reality."
TikTok's China-linked parent ByteDance to let US staff cash out stock: report
TikTok's Chinese parent company, ByteDance, is planning to allow the company's U.S. employees to cash out their stock through a buyback program as the company faces a potential ban.
Chipotle rolls out 'Autocado,' a robot to help make guacamole faster
Chipotle has a resource to help prepare its signature guacamole – a collaborative robot prototype that cuts, cores and peels avocados before they are hand-mashed.
Potential AI revolution puts 27% of jobs at high risk, report says
Around 27% of jobs are reportedly being put at high risk of automation as artificial intelligence technology spreads through global industries, the OECD said.
Microsoft says China-based hackers breached government email accounts
Microsoft said Tuesday that a Chinese hacking group called Storm-0558 breached email accounts from multiple organizations and government agencies. The attack has been mitigated.
Microsoft, KPMG expand AI deal with $12 billion in growth opportunities
KPMG and Microsoft are expanding their multi-decade partnership to capitalize on AI which is swiftly making its way into the corporate and professional services industry.
SpaceX Starlink satellites are leaking electromagnetic radiation, researchers say
Several SpaceX Starlink satellites are leaking low-freaking radio waves, according to scientists from several international institutes. They used the LOFAR telescope.
China regulators finalizing AI rules, require licenses: report
Chinese cyberspace regulators are reportedly finalizing artificial intelligence rules as soon as this month, requiring that companies get a license before releasing models.
Microsoft announces more job cuts after January layoffs
Microsoft is laying off more workers, including more than 270 in Washington state. This comes after the tech giant announced 10,000 layoffs globally in January.
Yellen returns from Beijing, says US, China want to ‘stabilize’ relations
Treasury Secretary Janet Yellen recently visited China and said she believes that the U.S. and Beijing are ready to work together and "stabilize" their economic relationship.