European Stocks Tumble as Iran-Strait of Hormuz Crisis Rattles Global Markets 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
Gold Prices Fall for Tenth Straight Session Amid Iran Uncertainty and Rate Concerns 
Gold Prices Surge on U.S.-Iran Ceasefire Reports 
Australia's Inflation Eases in February but Core Pressures Persist 
U.S. Futures Slide as Iran Denies Nuclear Talks with Washington 
Gold Prices Drop Amid Inflation Fears and U.S.-Iran Escalation 
UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs 
Asian Stocks Gain Amid Iran Conflict Uncertainty 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
U.S. Dollar Weakens as Trump Signals Iran Deal Possibility 
Australia-EU Free Trade Deal Signed After Years of Negotiations 
Global Markets Reel as Middle East Tensions Escalate Energy Fears 
Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
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.
