U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
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BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Slips as Weak U.S. Manufacturing Data Increases Pressure for Fed Rate Cuts 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
China’s PLA Researchers Tap Meta’s AI Model for Military Purposes
Top Chinese research institutions, including those linked to the People's Liberation Army (PLA), are reportedly adapting Meta’s Llama AI model for military applications, according to a June academic paper. Researchers from the PLA’s Academy of Military Science (AMS) and other Chinese institutions developed “ChatBIT,” an AI tool that harnesses Meta’s Llama 2 model to aid military decision-making, intelligence analysis, and operational planning.
Development of ChatBIT Using the Llama Model
ChatBIT was built on the Llama 2 13B model released by Meta in February 2023, with additional parameters focused on military applications. Optimized for dialogue and intelligence tasks, this tool reportedly outperformed several existing models, achieving about 90% of ChatGPT-4's performance. The researchers highlight ChatBIT’s potential use in intelligence, planning, and command strategies, though its exact capabilities and deployment remain unverified.
Meta’s Open-Source Policy Under Scrutiny
Meta allows open access to many of its AI models, though its usage policy restricts applications in warfare, espionage, and other sensitive areas. Meta’s public policy director, Molly Montgomery, reaffirmed that any military use by the PLA violates these terms, adding that the company actively enforces its acceptable use policy.
Security Implications of Open-Source AI in Military
China’s use of Llama for military purposes stirs security debates, especially as the U.S. implements measures to curb China’s access to advanced technologies. In 2023, the U.S. government proposed regulations to oversee AI and other tech investments in China, highlighting the complex balance between innovation and security.
