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Amazon deploys its 1 millionth robot in a sign of more job automation

Amazon deploys its 1 millionth robot in a sign of more job automation

Finance News

An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024. Picture Alliance | Picture Alliance | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The move comes at a time when more tech companies are […]

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Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’

Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’

Finance News

William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor

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How a beer-making process is used to make cleaner disposable diapers

How a beer-making process is used to make cleaner disposable diapers

Finance News

Disposable diapers are a massive environmental offender. Roughly 300,000 of them are sent to landfills or incinerated every minute, according to the World Economic Forum, and they take hundreds of years to decompose. It’s a $60 billion business. One alternative approach has been compostable diapers, which can be made out of wood pulp or bamboo.

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Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Finance News

A customer tries on the Apple Vision Pro headset during the product launch at the Apple Store in New York City on February 2, 2024.  Angela Weiss | AFP | Getty Images Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap Read More »

Public companies bought more bitcoin than ETFs did for the third quarter in a row

Public companies bought more bitcoin than ETFs did for the third quarter in a row

Finance News

Ozan Kose | Afp | Getty Images Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment. Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider

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Elon Musk’s xAI raises billion in debt and equity as it steps up challenge to OpenAI

Elon Musk’s xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI

Finance News

Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images XAI, the artificial intelligence startup run by Elon Musk, has raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was

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Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated

Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated

Finance News

Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle. “Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told

Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated Read More »

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