Companies & Startups News

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Lithuania's fintechs fuel startup boom

Lithuania's startups are on the rise with fintechs showing the way. There's hope the sector could become an economic backbone. But more young tech companies will need to take the leap.

DW News

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Testing out OpenAI's new Sora app for making and sharing AI videos

OpenAI's latest social media app is producing sophisticated videos that have Hollywood hollering. CBS reporter Jo Ling Kent took it for a spin.

CBS America

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AI app Sora 2 generates backlash as it surges in popularity

OpenAI's new app Sora 2 is only one week old, and it has already taken the internet by storm. However, some critics are raising concerns about copyright infringement and disinformation.

CBS America

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U.S. Navy eyes autonomous vessels to revamp fleet

After years of losing ground to China, American defense startups are now working to change how U.S. military ships are manufactured. Saronic Technologies aims to produce batches of autonomous maritime drones for the U.S. Navy by 2031.

CBS America

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Electronic Arts acquired in $55 billion deal

Video game company Electronic Arts, the maker of the "The Sims" and "Madden NFL," is being acquired in a $55 billion deal by a consortium of companies that led by President Trump's son-in-law Jared Kushner.

CBS News

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Amazon keeps 'wife beater' undershirt label despite complaints

Despite a ruling by Ad Standards Canada that the term 'wife beater,' used to describe a type of men's undershirt, violates the country's advertising code, ads on Amazon's Canadian website still feature the term. Some women's rights advoc...

CBC News

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U.S. government takes stake in lithium mining company in Nevada

The U.S. government is taking stake in yet another company, and this time it's a mining company. Lithium Americas is currently developing one of the world's largest lithium mines in northern Nevada.

CBS News

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Why the FBI is ending partnership with Anti-Defamation League

The FBI is ending its long-standing partnership with the Anti-Defamation League. For year the ADL helped train federal agents to recognise and combat anti-semitism and other forms of hate.

CBS America

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UN adds 68 companies to blacklist for rights violations in Israel

The United Nations has added nearly 70 more companies to a blacklist of firms from 11 countries that it says are complicit in violating Palestinian human rights through their business ties to Israeli settlements in the occupied West Bank.

France 24

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Why is YouTube allowing banned creators to return?

YouTube's parent company, Alphabet, announced that it will allow creators who were banned for spreading false information to rejoin the platform in the coming weeks.

CBS News

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German startup seeks funding for ambitious space plans

As Europe seeks to expand its role in the fast-growing space economy, reusable space capsule Nyx could become a flagship initiative, with a multi-billion private and public investment.

DW News

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Why U.S. punitive tariffs put Switzerland under pressure

US President Trump has imposed punitive tariffs of 39 percent on Switzerland, dealing a serious blow to the Alpine country’s economy. But the Swiss are getting creative.

DW News

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Amazon to pay $2.5 billion for alleged duping over Prime sign-ups

Amazon.com will pay $2.5 billion in fines and reimbursements to Prime subscribers to settle the Federal Trade Commission's allegations that it deceived its customers to generate subscriptions, the FTC said.

Reuters

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What's at stake in a new anti-trust lawsuit against Google?

Google is back in court, this time to decide what happens next in an antitrust lawsuit involving its digital advertising practices.

Scripps News

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Nvidia to invest $100 billion in OpenAI, linking up two AI titans

Nvidia will invest up to $100 billion in OpenAI and supply it with data center chips, the companies said, marking a tie-up between two of the highest-profile players in the global artificial intelligence race.

Reuters

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Jerry Greenfield reportedly leaving Ben & Jerry’s over social issues

Reports suggest Jerry Greenfield is leaving Ben & Jerry’s, citing Unilever’s reversal on allowing the founders to speak out on social and political causes. The news raises questions about the company’s commitment to its activism-focused ...

Scripps Local

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Big Tech Africa forum draws 100 startups

Big Tech Africa welcomed about 200 exhibitors over a three-day forum concluding Thursday.

Africanews

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Kenyan start up turns water hyacinth to bioplastic

A Kenyan company is taking on two major environmental crises in the waters of Lake Naivasha.

Al Jazeera

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Anthropic funding round boosts valuation to $183B

Anthropic has closed a deal on a new funding round that nearly triples its valuation to $183 billion, raising $13 billion from investors in a larger-than-expected haul that makes the AI company one of the most valuable startups in the wo...

Bloomberg

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Flock Safety halts federal pilots under purpose concerns

Flock Safety, a maker of automated license plate readers, has temporarily halted its pilot programs with federal agencies due to concerns over the use and oversight of the camera systems.

Scripps Local

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Elon Musk's xAI sues Apple, OpenAI over competition claims

Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas, accusing them of illegally conspiring to thwart competition for artificial intelligence.

Reuters

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SpaceX scrubs Starship test due to weather

For a second straight day, SpaceX scrubbed the 10th test launch of its Super Heavy-Starship rocket, this time due to weather conditions. CBS News space consultant Bill Harwood has more.

CBS News

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Why did Trump back U.S. government stake in Intel?

President Trump called the government's recent 10% in semiconductor chipmaker Intel a good deal. The administration converted nearly $9 billion in federal grants to the company into Intel stock.

CBS America

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Target CEO to step down after declining sales and profits

After months of missing the bullseye on sales, the CEO of Target is headed for the exit. The company said that CEO Brian Cornell will be replaced in February. Jo Ling Kent has more.

CBS America

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Inside the price war between Ozempic and other weight loss drugs

The maker of Ozempic is cutting the price of the drug nearly in half for some patients. Novo Nordisk had already cut the price of Wegovy, a medication with the same active ingredient that's approved for weight loss.

CBS America

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Tesla lawsuit alleges racism at Fremont factory

A lawsuit claims Tesla fired or forced out human resources manager who validated complaints of racism at its Fremont factory.

Fox News

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Spirit Airlines warns of potential inability to stay in business

Shares of Spirit Aviation Holdings, the parent company of Spirit Airlines, plummeted on Tuesday after the company warned of "substantial doubt" about its ability to stay in business.

CBS America

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Why Trump is calling for Intel CEO's immediate resignation

Shares of Intel slipped on Thursday after President Trump called on the CEO to resign. CBS News contributor JD Durkin has more.

CBS News

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Boeing defence workers strike, demanding better pay and benefits

Workers who build the US military's fighter jets and drones are on strike. The walkout is putting pressure on aircraft manufacturer Boeing. Nearly a third of its revenue comes from its defence and space division.

Al Jazeera

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Sony sues Tencent over 'slavish' Horizon knock-off

Sony is suing Tencent over the game Light of Motiram, which Sony claims is a rip-off of their Horizon franchise. Judging by the trailers only—the two games feature a red-haired female protagonist in similar outfits, a post-apocalyptic wo...

IGN