Business

Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand. Taylor Weidman | Bloomberg | Getty Images With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. If that happens, it could prove a significant opportunity for investors interested in
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Istvan Kadar Photography | Moment | Getty Images Nearly 40,000 Con Edison customers were left without power Saturday after massive outages hit New York City. The utility company said it was responding to “extensive outages” on the westside of Manhattan and would share more information as it becomes available. The power outage was apparently caused
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From 2010 to 2011, I worked on YouTube’s artificial intelligence recommendation engine—the algorithm that directs what you see next based on your previous viewing habits and searches. One of my main tasks was to increase the amount of time people spent on YouTube. At the time, this pursuit seemed harmless. But nearly a decade later,
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A docker works in front of a container ship at Qingdao Port in Qingdao, Shandong Province of China. ChinaFotoPress | Getty Images China’s dollar-denominated exports fell 1.3% in June from a year ago while imports fell 7.3% in the same period, the country’s customs department reported on Friday. Economists polled by Reuters had expected China’s June exports
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Darren Elias knows poker. The 32-year-old is the only person to have won four World Poker Tour titles and has earned more than $7 million at tournaments. Despite his expertise, he learned something new this spring from an artificial intelligence bot. Elias was helping test new soft­ware from researchers at Carnegie Mellon University and Facebook.
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A Domino’s Pizza delivery driver Jason Alden | Bloomberg | Getty Images Delivery apps like UberEats, Doordash and GrubHub are cutting into Domino’s Pizza‘s business, so much so that it’s reducing sales growth for the world’s largest pizza chain, according to Morgan Stanley. Domino’s built its business around a fleet of drivers who deliver hot pizzas
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The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately
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Depending on who you ask, blockchains are either the most important technological innovation since the internet or a solution looking for a problem. The original blockchain is the decentralized ledger behind the digital currency bitcoin. The ledger consists of linked batches of transactions known as blocks (hence the term blockchain), and an identical copy is
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In October 2017, Twitter general counsel Sean Edgett faced difficult questions from the Senate Judiciary Committee about foreign interference in the 2016 election. Flanked by representatives from Facebook and Google, Edgett explained how Russia’s Internet Research Agency (IRA) had systematically spread fake news and stoked partisan sentiment through a carefully coordinated, years-long social media campaign.
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Amazon turned 25 years old this week. In its quarter century of existence, it has created roughly a trillion dollars in shareholder value. Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad business and is becoming a
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Check out the companies making headlines in the premarket Friday: Amazon — A U.K. regulator is looking into the e-commerce giant’s investment in food-delivery start-up Deliveroo. The Competition and Markets Authority said Friday it has “reasonable grounds” for suspecting the two companies could “cease to be distinct. ” This would give the regulator the authority
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