Business

The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050. A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies…

Waymo on Tuesday began welcoming its first public riders in Denver, San Diego and Tampa, expanding its fully autonomous ride-hailing service to 14 cities. The Alphabet-owned self-driving car company said tens of thousands of people in each newly launched market have already signed up for access. The company plans to…

JetBlue on Tuesday unveiled a new domestic first-class experience that will be available for booking this fall. The new offering, called BlueFirst, will feature redesigned seats, premium amenities and upgraded seatback technology, the airline said.”Domestic first class has become easy to predict. We think it’s time for a fresh take,”…

Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday. The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are…

The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law. SEC Chairman Paul Atkins joined FOX Business’ Cheryl Casone on…