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The Latest Breaking News from International Business Times

British Watchdog Wants To Regulate AI Models Giving Financial Advise. Millions Are Already Doing It.

The executive director of consumers and competition at the FCA said the government should examine whether general-purpose large language models should fall within the country's regulatory framework.

International Business Times

Meta Reportedly Allowed Ads Promoting Child Abuse. Now India Is Threatening Action Against The Company.

India has threatened legal action against Meta after a report found that the company allowed the running of ads promoting child sexual abuse.

International Business Times

Graham Platner's Senate Campaign Was Rife With Scandal. Now A Woman Has Accused Him of Sexual Assault

Maine's Democratic nominee for the Senate, Graham Platner, is facing yet another scandal after a woman publicly accused him of sexually assaulting her during an encounter in 2021.

International Business Times

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U.S. Companies Have Been Taking Measures To Prevent China To Take From Their AI Models. Now They're Escalating.

Leading U.S. artificial intelligence companies are quietly deploying increasingly aggressive measures to prevent Chinese rivals from using their technology to accelerate their own development.

International Business Times

Bitcoin Fell After Strategy Sold $216 Million Worth of It. Then Trump Said that He's 'A Big Crypto Guy'

The world's largest cryptocurrency initially tumbled toward the $60,000 mark after Strategy, the largest corporate holder of bitcoin, disclosed it had sold an additional $216 million worth of the digital asset. However, it rebounded after Trump touted it.

International Business Times

Europe A Distant Third In Global AI Race As France's Station F Pushes To Catch Up

Station F is expanding its AI accelerator to help startups reach €1 million in revenue within six months, as Europe continues to chase the U.S. and China in funding, scale and commercialization.

International Business Times

Stocks Climb As Tech Maintains Momentum. Dow Jones Reaches Historical Milestone

Stocks posted broad gains on Monday as markets maintain momentum.

International Business Times

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The Future of Allied Defense Relies on Regional Manufacturing for Unmanned Aerial Systems

Designing next-generation technology is only half the battle. Today, the ultimate strategic advantage in Western drone strategy lies in manufacturing new innovations securely and at scale.

International Business Times

The AI Gold Rush Has an Adopt, Defend, Govern Problem

For the past two years, the corporate race has been defined by adoption. Boards wanted AI strategies. CEOs wanted productivity gains. Business units wanted pilots.

International Business Times

Inside Sesh's Independent Bet Against Big Tobacco's Nicotine Pouch Playbook

Nicotine products are difficult to market like ordinary consumer packaged goods. Brand awareness still matters, but the channels available to reach adult consumers are narrower, more regulated and more sensitive than they are for coffee, energy drinks or grooming products.

International Business Times

The Next Healthcare Breakthrough Will Not Be a New Treatment; It Will Be Better Access to Existing Care

The United States now spends more than $5 trillion annually on healthcare, while it is projected that $1 trillion in annual healthcare spending will shift over the next decade toward more personalized, digital, and community-based models of care.

International Business Times

BitMine Added $73 Million In Ethereum While Strategy Sold Bitcoin For Dividends. Crypto Treasury Models Move In Opposite Directions.

Publicly traded crypto treasury companies took sharply different approaches to managing their digital asset holdings last week, with one expanding its Ethereum position while another reduced its Bitcoin reserves to meet corporate financial obligations.

International Business Times

America's Services Sector Kept Growing In June. But AI Data Centers Are Creating New Supply Shortages.

June's business surveys pointed to continued growth in the U.S. services economy, with hiring improving in one key measure while AI-driven demand continued to strain supplies of critical components.

International Business Times

The Pope Has Warned About The Dangers Of AI. The UN Secretary General Now Wants Rules For 'Killer Robots'

UN Secretary Antonio Guterres called for increased regulation of AI.

International Business Times

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International Business Times

easyJet's Board Backed A Takeover Deal. Its Stock Is Soaring.

easyJet shares surged in London trading after the airline agreed in principle to an improved takeover proposal from U.S. investment firm Castlelake valued at about $7.3 billion.

International Business Times

SK Hynix Is Seeking To Capitalize The AI Boom Through One of The Biggest Tech Listings Ever

South Korean memory chip giant SK Hynix is taking its artificial intelligence success story directly to Wall Street, launching a massive $28.07 billion American depositary receipt (ADR) offering.

International Business Times

Americans Are Becoming Less Social. The Decline Is Worse For Young People.

Americans are much less social than they were 20 years ago, with the steepest decline being recorded among young people.

International Business Times

Iran's New Supreme Leader Missed His Father's Funeral. Reports Say It Could Be Due To Assassination Fears Or Not Show His Wounds

Three sons of the Iranian leader Ayatollah Ali Khamenei prayed next to his coffin Sunday, but the son who was anointed as his successor, Mojtaba, was absent.

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International Business Times

The Agreement To Rebuild Gaza Is Stalled. Hamas Says It Dissolved Its Government To Move It Forward.

Hamas announced it's dissolving its government in Gaza and is ready to give the power to a technocratic committee meant to lead under the agreement backed by the Board of Peace.

International Business Times

The Next Innovation Divide Will Be Institutional

Research by PhD economist Oleksandr Likhota on U.S. innovation governance offers a clearer explanation for why some economies convert technology into a strategic advantage while others struggle to scale it.

International Business Times

Iran Has Millions of Barrels to Sell. But Doing So Could Be Much Harder Than Expected

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers.

International Business Times

Russian Banks Are Facing Most Of The War's Cost. A New Intelligence Report Says It Could Have 'Explosive' Consequences

Russia could face an "explosive" banking crisis because lenders have to take on a significant part of the country's war economy, according to a new report.

International Business Times

Nvidia's Next AI Rack Hit A Manufacturing Snag. The Company's Fastest Product Cycle Just Slowed Down.

Nvidia's next-generation Kyber NVL144 rack-scale AI system has reportedly been delayed by more than a year after manufacturing challenges emerged with a critical component.

International Business Times

Microsoft Sheds More Than 2% Of Its Staff As Xbox Division Undergoes Major Reorganization

Microsoft announced its laying off more than 2% of its workforce, which is largely affecting the Xbox division.

International Business Times

Ukraine Is Reportedly Running Short On Air Defenses: A New Russian Attack Wreaked Havoc In Kyiv.

A new Russian attack against the Kyiv region in Ukraine has killed at least 12 people as Ukraine runs low on U.S.-made interceptors.

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