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Here are 5 things you missed today. Because we get it, life is busy & who has the time to sit around and read the news - here are 5 things we think you need to know in the world today.

1 - 📈 Good News All Around: Inflation Eases, Consumer Outlook Improves

This week saw a wave of positive economic data, including cooler inflation reports and rising consumer optimism. While the Fed signaled a cautious approach with just one expected rate cut this year, strong disinflationary trends are fueling market expectations for a potential cut as soon as September. Economists predict continued good news with slowing inflation and suggest the Fed may need to reconsider its rate cut plans.

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2 -🍎 Apple and OpenAI: A Match Made in AI Heaven, or a Looming Power Struggle?

Apple announced a partnership with OpenAI to bring ChatGPT, a popular AI tool, to iPhones, iPads, and Macs later this year. However, Apple carefully downplayed OpenAI's role, likely due to concerns about AI technology and its potential downsides. This move comes as Apple seeks to revitalize iPhone sales and compete with rivals in the rapidly developing field of AI.

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3 -⏸️ McDonald's Pauses Drive-Thru AI Test After IBM Partnership Ends

McDonald's is ending its trial of AI drive-thru ordering with IBM. While the tech won't be taking orders any more, the company says it's still looking for a voice-ordering solution for the future. This isn't the only AI experiment McDonald's has tried - they've also tested robots, drones, and even an AI hiring tool.

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4 -🚀 Bezos' Blue Origin Wins Share of $5.6 Billion Pentagon Rocket Program Alongside SpaceX, ULA

The Pentagon awarded rocket launch contracts to Jeff Bezos' Blue Origin, Elon Musk's SpaceX, and United Launch Alliance (ULA) for its National Security Space Launch (NSSL) program. This is the first time Blue Origin has secured a win in this multi-billion dollar competition. The three companies will compete for contracts through mid-2029, with a total of 90 launches expected. This wider selection aims to increase competition and potentially drive down costs for the Space Force.

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5 -🚗 Dongfeng Motor Makes European Push With Launch of Three New Vehicles in Spain

Dongfeng Motor held a brand day in Madrid, Spain to showcase their commitment to the European market. They introduced three new high-end electric vehicles and a concept car, highlighting their focus on innovation and technology. Dongfeng also emphasized their 55 years of experience and future plans to invest more in research and development. This event marks a new chapter for Dongfeng Motor's expansion in Europe.

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Written by The Managers Bulletin team - Australia
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