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The Latest Breaking News from International Business Times

Sam Altman Says Demand For ChatGPT's New Sol Model is Surging. It May Be Causing Some Issues

The capacity concerns emerged less than a week after OpenAI broadly released Sol alongside two smaller models following a limited government-reviewed rollout.

International Business Times

The U.S. Approved the Export of AI Chips to China. Now A Top Trade Official Says 'Very Few' Made It.

Commerce Department official Jeffery Kessler told lawmakers that shipments of Nvidia's H200 processors have remained minimal despite export licenses being issued earlier this year.

International Business Times

Elon Musk Promised People In Wisconsin $1 Million To Vote. Now He Might Face Criminal Charges For It

Elon Musk might have violated Wisconsin election laws when he offered $1 million checks to voters during a state Supreme Court election in 2025.

International Business Times

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Inflation Rose Less Than Expected Last Month. Now a Top Trump Official Says The Fed Must Act Accordingly

National Economic Council Director Kevin Hassett said there is no argument to raise interest rates after inflation rose less than expected in June.

International Business Times

Headline Inflation Climbed Less Than Expected In June. Wholesale Prices Fell Too

The producer price index fell 0.3% in June, beating expectations.

International Business Times

Inflation Cooled More Than Expected In June. Now a Fed President Says Price Increases Have 'Peaked'

New York Fed President John Williams said he sees multiple signs that inflation has peaked.

International Business Times

Renewed U.S.-Iran Clashes Again Cast Uncertainty Over Energy Markets. The ECB Is Bracing

The ECB will reassess its interest rate decision next week as a result of renewed clashes between the U.S. and Iran, Bundesbank President Joachim Nagel said.

International Business Times

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Trump Reportedly Holds Key Meeting To Decide How Much To Escalate In Iran

President Donald Trump reportedly held a meeting in the Situation Room to decide on the next course of action in Iran.

International Business Times

Tensions Have Flared Up Around Hormuz Again. Now Iran is Signaling that A Key Red Sea Gateway Could Be Next

Mohammed al-Farah, a member of the political bureau of the Houthi movement, said Yemen's armed forces were prepared to close the Bab el-Mandeb Strait if Saudi Arabia continued military operations against Yemen.

International Business Times

As Clashes Continue To Escalate Between The U.S. And Iran, Trump Goes Back To Threatening Tehran's Key Infrastructure

President Donald Trump threatened to target key Iranian infrastructure unless Iran goes back to the negotiating table.

International Business Times

Inflation Cooled More Than Expected. Traders Now Think the Fed Will Hold Rates Steady in July

The Consumer Price Index (CPI) rose 3.5% over the past 12 months through June, slowing from the 4.2% annual increase recorded in May.

International Business Times

U.S. Workers Are Becoming More Productive Than Ever. Economists Say AI Isn't the Main Reason Yet

American workers are producing more output than in recent decades, but economists say artificial intelligence is not yet the primary driver of the surge.

International Business Times

U.S. Seismologist Visited China To Study North Korean Nuclear Tests. Now He Is Accused Of Spying And Faces Life In Prison

A Chinese-born U.S. citizen and seismologist faces spying charges in China for detecting and analyzing North Korean nuclear tests.

International Business Times

Google DeepMind's Demis Hassabis Wants A New AI Watchdog. He Says The U.S. Should Lead It.

One of the AI industry's most influential executives is urging the United States to establish a formal oversight body to evaluate the world's most advanced AI models before they reach the public.

International Business Times

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International Business Times

What SK Hynix's U.S. Debut Reveals About Wall Street's Leveraged ETF Craze

The rapid launch of leveraged funds tied to South Korea's AI chip champion underscores how retail demand has reshaped one of Wall Street's most popular investment products.

International Business Times

Inflation Dropped More Than Expected In The U.S. In June. Stocks Climbed As a Result

Stocks rose on Tuesday after inflation dropped in the U.S. and traders reduced their expectations of a rate hike by the Federal Reserve in its next meeting.

International Business Times

Britain Is Changing How It Taxes Crypto. DeFi Users Will No Longer Face Immediate Capital Gains Bills.

The United Kingdom is overhauling the way it taxes certain cryptocurrency transactions, becoming one of the first major economies to formally recognize that lending digital assets and participating in decentralized finance liquidity pools do not always represent a meaningful change in ownership.

International Business Times

From Robotaxi Fleets to Simulation Labs: One Engineer's Journey

Akshat Gattani has spent most of his career inside that hidden layer. First at a major robotaxi operator, and now as a technical program management leader at a Sunnyvale-based company powering physical AI across automotive, defense, trucking, mining, construction, and agriculture.

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International Business Times

Kinect Real Estate Partners Launches Opportunity Zone Fund Around Shovel-Ready Gresham Site

Fund is a single-project vehicle: investors know the site, the entitlement status, and the submarket before they commit, rather than betting on a pipeline that will be assembled over several years.

International Business Times

Speechify's Simba 3.2 Reaches No. 1 on Global AI Voice Leaderboard

Speechify, the company behind the consumer products used by more than 60 million people, is now positioning its developer arm, SpeechifyAI, as a third path built for scale rather than the benchmark leaderboard alone.

International Business Times

Trump Appealed The Ruling in The Sexual Assault Lawsuit Started By E. Jean Carroll. Now He Has Paid Her Millions

Writer E. Jean Carroll has received more than $5.6 million from President Donald Trump, bringing to a close one chapter of the years-long legal battle stemming from a jury's 2023 finding that Trump sexually abused and defamed her.

International Business Times

Aeras Aviation President Maurizio Pozzi on Financial Discipline in the Engine Aftermarket

Maurizio Pozzi, President and Co-Founder of Aeras Aviation, is focused primarily on financial strategy, asset development, corporate growth and the financial structure of the business.

International Business Times

We Do Not Have Life, We Are Life, and That Changes Everything About How We Heal, Grow, and Truly Live

Every profile asks us to summarize ourselves. Every conversation invites us to identify with another category. Eventually, we stop asking whether those identities describe us or simply describe experiences we have had.

International Business Times

Mitch McConnell's Photo Meant To Quiet Health Rumors. It Sparked A New Wave Of Online Scrutiny.

A photograph released by Sen. Mitch McConnell's office to address weeks of speculation about his health has instead become the center of a new debate over misinformation, digital trust and the ease with which authentic images can be questioned online.

International Business Times

The World Cup's Biggest Spending Boom Didn't Happen at Kickoff. It's Happening Now

After weeks of uncertainty over bookings, economists and travel analysts say the World Cup is now producing the kind of spending surge many local businesses had anticipated before kickoff.

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