US Largest Aircraft Carrier Returns to Port for Repairs

Apple Trains Custom AI Model For China With Alibaba's Help Apple has trained a custom large language model specifically for the Chinese market, utilizing technical support from Alibaba Group, according to Reuters.  Chinese flags hang from a lamp post in front of an Apple Inc. store in Shanghai. Photographer: Qilai Shen/Bloomberg This arrangement would make Apple the first foreign company cleared by Beijing to offer a proprietary AI model in China. The custom model is expected to power portions of Apple Intelligence when the AI suite rolls out to mainland China via an upcoming iOS...

The US military has used nearly all of its long-range, surface-to-surface missiles.  Two sources speaking with Reuters said that the Department of War has nearly depleted its stockpile of ATACMS and PrSM missiles. A separate source said that Central Command (CENTCOM) had used its entire stockpile of land-launched missiles and had to bring in supplies […]

Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, although the 3Y inflation forecast did dip notably, if not enough to move it by a significant digit.  Gas price growth expectations rebounded partially...