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AXIOS (Dan Primack) - Apple could win the AI race without running

Apple isn't burning mountains of cash to buy GPUs for the sake of training AI models and processing prompts. - Nor is it investing huge sums in frontier labs like OpenAI or Anthropic, as are rivals like Amazon and Microsoft. Why it matters: Apple may reap the rewards of everyone else's spend. Success from the sidelines. Apple's playbook: Keep selling high-end consumer hardware that will become even more essential as AI becomes more ubiquitous. - AI advancements could lead to shorter upgrade cycles, while Apple's reputation for enhanced privacy could become an enhanced selling point. - All the while, "taxing" the frontier labs via the App Store. It doesn't matter to Apple which app gets used most, so long as it's being used. Behind the…

Apple isn't burning mountains of cash to buy GPUs for the sake of training AI models and processing prompts. - Nor is it investing huge sums in frontier labs like OpenAI or Anthropic, as are rivals like Amazon and Microsoft. Why it matters: Apple may reap the rewards of everyone else's spend. Success from the sidelines. Apple's playbook: Keep selling high-end consumer hardware that will become even more essential as AI becomes more ubiquitous. - AI advancements could lead to shorter upgrade cycles, while Apple's reputation for enhanced privacy could become an enhanced selling point. - All the while, "taxing" the frontier labs via the App Store. It doesn't matter to Apple which app gets used most, so long as it's being used. Behind the…Open

AXIOS (Andrew Solender) - Reps. Eric Swalwell and Tony Gonzales formally submit resignations from Congress

Reps. Eric Swalwell (D-Calif.) and Tony Gonzales (R-Texas) submitted their formal resignations from Congress on Tuesday following sexual misconduct scandals. State of play: Swalwell's resignation took effect at 2pm ET on Tuesday — meaning he has already resigned — while Gonzales' takes effect at 11:59 pm ET, according to the House clerk. - Swalwell has been accused by four women of sexual assault, harassment and rape, which he denies. - Gonzales admitted to an affair with a staffer who later died by suicide. Between the lines: Both men had been facing the threat of expulsion, which looked increasingly likely to pass if they chose to try to hang onto their seats.

Reps. Eric Swalwell (D-Calif.) and Tony Gonzales (R-Texas) submitted their formal resignations from Congress on Tuesday following sexual misconduct scandals. State of play: Swalwell's resignation took effect at 2pm ET on Tuesday — meaning he has already resigned — while Gonzales' takes effect at 11:59 pm ET, according to the House clerk. - Swalwell has been accused by four women of sexual assault, harassment and rape, which he denies. - Gonzales admitted to an affair with a staffer who later died by suicide. Between the lines: Both men had been facing the threat of expulsion, which looked increasingly likely to pass if they chose to try to hang onto their seats.Open