The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Tilman Fertitta told CNBC on Monday that he is doing things in a "very conservative way" amid fears of a recession.Marketsread more
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC on Monday.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
Artificial intelligence is changing business fast and many U.K. companies can't keep up.
A new report Wednesday found that 41 percent of British companies surveyed said their business models will cease to exist in the next five years thanks to artificial intelligence (AI). The research, conducted by Microsoft, surveyed more than 5,000 business leaders and employees of large enterprises across the United Kingdom.
It also found 51 percent of the country's business leaders surveyed do not have an AI strategy in place for their organizations.
"Like any change, sometimes it's easier to do nothing than to do something," Clare Barclay, Microsoft U.K.'s chief operating officer, told CNBC in a phone interview last week. "Every business is going to be touched by AI."
The research found 45 percent of employees are concerned their job could be taken by AI, yet 51 percent are not learning skills to help prepare for changes in the workforce. Barclay highlighted the need for companies to view technologies like machine learning not just as a threat but as an opportunity.
"Based on the results we see, leaders need to focus on this AI to make businesses stronger and, in our opinion, not leaner," she said.
The report wasn't all doom and gloom when it comes to the impact of AI on the workforce. Organizations that used AI technology outperformed other businesses on factors like productivity, performance and business outcomes.
It found companies that develop strategies around the ethics of AI are even more productive.
Barclay said technology companies can take a leading role in helping develop safe and ethical AI platforms, for example by ensuring that human bias isn't built into algorithms. Microsoft, like other tech giants including Amazon and Google, is making big investments in its AI capabilities.