Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

Biden administration unveils new rules for AI chip, model exports 

— The Biden administration announced Monday new restrictions on the export of the most advanced artificial intelligence chips and proprietary parameters used to govern the interactions of users with AI systems. …

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AI helps Israeli journalist with ALS make a comeback

jerusalem — When a renowned Israeli TV journalist lost his ability to speak clearly because of ALS, he thought his career might be over. But now, using artificial-intelligence software that can …

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Taiwan chipmaker starts making 4-nanometer chips in US, official says

WASHINGTON — Taiwan Semiconductor Manufacturing Co. has begun producing advanced 4-nanometer chips in Arizona for U.S. customers, a milestone in the Biden administration’s semiconductor efforts, Commerce Secretary Gina Raimondo told Reuters. …

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Artificial Intelligence is the star at CES tech show

Technology companies, industry executives and entrepreneurs are in Las Vegas, Nevada, this week for CES, the consumer electronics show featuring the latest advancements in artificial intelligence, vehicle technology, robotics and …

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Russia turns to China to step up AI race against US

WASHINGTON — Russia’s efforts to obtain China’s help in enhancing artificial intelligence is seen as a bid to challenge America’s lead in the field even as the outgoing Biden administration is …

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‘Worst in Show’ CES products put data at risk and cause waste, privacy advocates say

LAS VEGAS — So much of the technology showcased at CES includes gadgets made to improve consumers’ lives — whether by leveraging AI to make devices that help people become more …

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Clock ticks on US TikTok ban

The United States Supreme Court has fast-tracked oral arguments on a challenge by the Chinese company ByteDance — the owner of TikTok — to a new law that would ban …

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Meta to offer wider range of speech on platforms, CEO says

OAKLAND, CALIFORNIA — Meta CEO Mark Zuckerberg announced Tuesday that there would be a wider range of speech on Facebook and other Meta platforms. “We’re going to get back to our …

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Meta shelves fact-checking program in US, adopts X-like ‘Community Notes’ model 

Meta is ending its fact-checking program in the U.S. and replacing it with a “Community Notes” system similar to that on Elon Musk-owned X, the Facebook parent said on Tuesday.   …

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Homes talk and tables walk at AI-dominated Consumer Electronics Show

LAS VEGAS — Home appliances that do chores, cars that know your favorite cafe, and robot pets aiming to please are among artificial intelligence-infused offerings at the Consumer Electronics Show opening …

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British PM slams ‘lies and misinformation’ in escalating row with Musk

British Prime Minister Keir Starmer has criticized those, in his words, “spreading lies and misinformation,” after coming under fire from billionaire Tesla CEO Elon Musk. The ally of U.S. President-elect …

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US cyber watchdog: No signs Treasury breach hit other federal agencies

WASHINGTON — The U.S. cyber watchdog agency CISA said Monday there was “no indication” the recently reported breach at the U.S. Treasury Department had affected any other federal agency.  Late last …

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TikTok creators in US left in limbo while awaiting decision on potential platform ban

Will TikTok in the U.S. be banned this month? That’s the pressing question keeping creators and small business owners in anxious limbo as they await a decision that could upend …

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Tesla data helped police after truck explosion; experts have privacy concerns

NEW YORK — Your car is spying on you.  That is one takeaway from the fast, detailed data that Tesla collected on the driver of one of its Cybertrucks that exploded …

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Apple to pay $95M to settle lawsuit accusing Siri of eavesdropping

Apple has agreed to pay $95 million to settle a lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other …

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US appeals court blocks Biden administration effort to restore net neutrality rules

Washington — A U.S. appeals court ruled on Thursday the Federal Communications Commission did not have legal authority to reinstate landmark net neutrality rules. The decision is a blow to the …

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VOA Mandarin: What cards does China hold in US-China tech, trade battles?  

Beijing has launched a series of retaliatory actions against U.S. technological sanctions, including cutting off supplies of rare earth elements and punishing American companies operating in China. U.S. President-elect Donald …

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VOA Mandarin: Quantum technology a key battleground in US-China competition 

Quantum computing is emerging as a revolutionary technology capable of solving complex problems that traditional computers cannot address. The U.S. leads in quantum innovation, driven by companies like Google and …

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Losing your kids to doom scrolling? Greece is building government app for that

ATHENS, GREECE — Greece announced plans on Monday to enhance parental oversight of mobile devices in 2025 through a government-operated app that will help get digital age verification and browsing controls.  …

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US Treasury: Chinese hackers remotely accessed workstations, documents

WASHINGTON — Chinese hackers remotely accessed several U.S. Treasury Department workstations and unclassified documents after compromising a third-party software service provider, the agency said Monday.  The department did not provide details …

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AI technology helps level playing field for students with disabilities

For Makenzie Gilkison, spelling is such a struggle that a word like rhinoceros might come out as “rineanswsaurs” or sarcastic as “srkastik.”  The 14-year-old from suburban Indianapolis can sound out …

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Trump sides with Musk in H-1B visa debate, saying he supports program

WEST PALM BEACH, FLORIDA — President-elect Donald Trump on Saturday sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, …

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