AP Top Business News at 5:52 a.m. EDT

South Korea’s Kospi index jumps nearly 18% on a surge in chipmaking stocksAmazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsAnthropic says its AI models hacked 3 organizations during testingEU to crack down on AI deepfakes, illicit imagery and hacking with new team in BrusselsStrong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectationsUS economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly highMicrosoft beats Wall Street expectations with $90B in revenueAfrica's off-grid solar sector courts mainstream investors with landmark financing dealsAverage 30-year US mortgage rate rises to highest level in a year at 6.66%EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US an