Axios

Apple isn't burning mountains of cash to buy GPUs for the sake of training AI models and processing prompts.

• Nor is it investing huge sums in frontier labs like OpenAI or Anthropic, as are rivals like Amazon and Microsoft.

Why it matters: Apple may reap the rewards of everyone else's spend. Success from the sidelines.

The Iran war brought global economic momentum to a halt, the International Monetary Fund said Tuesday, providing new projections for slower growth and higher inflation.

Why it matters: It is the latest major economic institution to warn about stagflation-like global economic fallout from the war. The conflict upended what was shaping up to be a solid year for the global economy.

Republicans are betting big on AI to defend their imperiled congressional majorities in the midterms — and not just to make cartoonish images of their opponents on TV and social media.

The big picture: GOP strategists are using AI to quickly simulate voters' attitudes toward events such as the Iran war — and to scan millions of social media sites for up-to-the-second trends in public opinion.