PoliticsJuly 9 at 09:02 AM

Apple (AAPL) is said to be looking at shrinking powerful AI models to run on iPhones, potentially cutting cloud computing costs and enhance user privacy, the Information reports

StockNow breaking-news AI analysis

Apple is shrinking AI models for local iPhone execution to cut high cloud costs and bolster privacy, a strategy analysts view as a high-margin alternative to competitors' massive infrastructure spending.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

Apple (AAPL) is said to be looking at shrinking powerful AI models to run on iPhones, potentially cutting cloud computing costs and enhance user privacy, the Information reports

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What do investors think?

Today's market highlights

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera