Private AI: Meta announced its release of Muse Glimmer, an open-source, smaller AI model designed to run locally on consumer laptops without an internet connection. It can handle multistep tasks like organizing files, summarizing documents and creating charts, making it potentially useful for businesses handling sensitive information. However, it requires substantial RAM, is less powerful than leading cloud models and has an outdated knowledge cutoff, limiting its ability to access current information without an internet connection. Inc. has the full story.
Traffic tumbles: Truth Social’s traffic has dropped sharply, with monthly visitors down about 36% year over year this summer despite President Trump’s heavy use of the platform. The decline comes as parent company Trump Media faces steep losses while trying to generate revenue by selling traders early access to Trump’s market-moving posts. The company is betting on this new business model and a planned fusion-energy merger to revive its fortunes, even as critics raise concerns about conflicts of interest and market fairness. The New York Times has the full story.
Move upsets shipbuilders: President Trump extended his Jones Act waiver for another 90 days to ease energy supply disruptions and fuel costs caused by the war in Iran, but narrowed the exemption to energy-related commodities and now requires case-by-case reviews. The move pleased oil industry stakeholders but upset shipbuilders and their congressional allies, including House Speaker Mike Johnson and Majority Leader Steve Scalise, who had urged Trump to stop the waivers and protect the U.S. maritime industry. Bloomberg has the full story.
Future hiring
