The Latest Breaking News from International Business Times

South Korean Semiconductor Shares Plunge As Rout Continues, Pressuring U.S. Chipmakers Further

South Korean semiconductor companies plunged on Tuesday, extending the rout chipmakers have been going through the past sessions.

International Business Times · Jul 28

Iran Is Holding Talks About The Future Of Hormuz With Oman And Saudi Arabia. Oil Keeps Dropping

Iranian Foreign Minister Abbas Araghchi held talks with Omani and Saudi counterparts about the future of navigation through the Strait of Hormuz.

International Business Times · Jul 28

Iran Wants To Charge Fees For Passage Through The Hormuz Strait. Some Gulf Countries Back a Voluntary Scheme

Gulf states have backed a proposal that would allow Iran to charge fees to vessels going through the Strait of Hormuz if the payments are made voluntarily.

International Business Times · Jul 28

The Federal Reserve Is Expected To Keep Rates On Hold. Here's Why Borrowing Costs May Stay High

The Federal Reserve is widely expected to leave interest rates unchanged at its July policy meeting, a move that would keep borrowing costs elevated for millions of Americans even as inflation has shown signs of easing.

International Business Times · Jul 28

Big Companies Are Hiring Again Despite AI Fears. They Say Human Involvement Is Still Essential

Executives say AI is changing how employees work, but many businesses are adding staff again after months of slowing recruitment.

International Business Times · Jul 28

AI Is Making Many People Richer. Economists Want More Americans To Get A Cut

The discussion over what the public receives from AI gained fresh attention after Sen. Bernie Sanders of Vermont floated the idea that the public should own half of the AI industry.

International Business Times · Jul 28

Samsung's Newest Foldable Could Help Decide If The iPhone Ultra Sinks Or Swims

Seven years and eight generations later, the Samsung Galaxy Z lineup is getting a new style of foldable that's more pocketable and handy, although at a steep cost.

International Business Times · Jul 28

AI Is Helping Cybersecurity Teams Better Address Threats. It Is Also Giving a Boost To Bad Actors

While AI models developed by companies such as Anthropic, OpenAI, and Google can help hackers identify vulnerabilities in computer systems faster than before, security teams are using similar models to detect and fix those same weaknesses.

International Business Times · Jul 27

AI Leaders Rarely Agree On The Future Of The Technology. Many Share The Same Fear About Bioweapons

The concerns are shaping debates around model testing, open-weight systems, and safeguards for increasingly capable AI models.

International Business Times · Jul 27

China's AI Companies Are Winning Users, But Losing Money

Chinese AI startups are winning over global developers with low-cost open-weight models, but soaring compute costs and heavy losses show that widespread adoption has not yet created a profitable business model.

International Business Times · Jul 27