Tech News

Harry Potter video game gets bumper sales despite LGBTQ backlash

The "Harry Potter" universe welcomes its latest edition on Friday, the "Hogwarts Legacy" video game, which provides a big test of the resilience of a franchise hit by criticism from some LGBTQ activists over the views of author JK Rowling.. He described the forthcoming game as a mix of Harry Potter's universe and the "open worlds" of the "Grand Theft Auto" video game franchise.

Microsoft says 'new day' for search as AI-powered Bing challenges Google

Microsoft's long-struggling Bing search engine will integrate the powerful capabilities of language-based artificial intelligence, CEO Satya Nadella said on Tuesday, declaring what he called a new era for online search.. The race starts today," Nadella said at a launch event, marking the start of what it hoped would be an unprecedented challenge to Google's two-decade dominance of the search engine market, using the technology created by the developers of AI bot ChatGPT. ChatGPT has sparked a gold rush in artificial intelligence technology (AI) with more than 100 million users testing the bot's capabilities, receiving essays, speeches, or law exam results within seconds to the consternation of educators and school authorities worried about cheating.

Video conferencing star Zoom cuts staff by 15 percent

The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 percent of its staff.. Zoom has made the "tough but necessary" decision to lay off about 1,300 people, or roughly 15 percent of its staff, according to Yuan.

Inflation starting to slow but long, 'bumpy' road ahead: Powell

US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair Jerome Powell warned Tuesday, adding that stronger-than-expected economic data could bring more rate hikes.. "If the data were to continue to come in stronger than we expect, and we were to conclude that we needed to raise rates more... then we would certainly do that," said Powell at an event in Washington on Tuesday.

French, German ministers to tackle green subsidies with US

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kicked off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.. "We are here in Washington... to defend the interest of the European industry and to ensure fair competition between the European industry and the American industry," Le Maire told reporters Tuesday before the talks.

Canada records lower consumer goods imports, energy exports in December

Canada posted a smaller trade deficit in December as both exports and imports fell, but capped off the year with a surplus, the national statistical agency said Tuesday.. Canada still managed to post a second consecutive annual surplus -- widening from Can$4.6 billion in 2021 to Can$20.1 billion last year -- following a string of deficits from 2015 to 2020.

US trade deficit widens in 2022 to record on strong imports

The US trade gap widened to a record in 2022, though expanding less than expected in December, government data said Tuesday, capping off the year on robust imports and strong spending.. The overall trade gap grew $103.0 billion from 2021 to $948.1 billion last year, showed Commerce Department data, on a surge in goods imports ranging from crude oil to consumer items including pharmaceuticals and household products.

BP posts record profit, dilutes green target

British energy giant BP on Tuesday announced record annual profit thanks to soaring oil and gas prices, as it watered down its target for cutting carbon emissions.. - Emissions target - BP on Tuesday also said its carbon emissions would not fall as quickly as anticipated. 

US trade deficit widens in 2022 to record on strong imports

The US trade gap widened to a record in 2022, though expanding less than expected in December, government data said Tuesday, capping off the year on robust imports and strong spending.. For all of 2022, the deficit with China widened by $29.4 billion to $382.9 billion in 2022, on higher imports.

AI supercharges battle of web search titans

A new generation of AI chatbots has unleashed a titanic battle between Microsoft and Google for the eyeballs of billions of web users, and the dollars they bring.. Microsoft got burnt in 2016 when its teenage AI chatbot Tay was immediately jumped on by Twitter users who got it to spout racist comments.