Attempts to provide upgraded software for F-35 jets have “stagnated” and no new combat capability was delivered last year, according to the annual report by the Pentagon’s testing office, even as the fighter jets fly missions over Iran.

Also: Inside Apple’s smart home delays.

The prospect of a prolonged Iran war and elevated oil prices is prompting stock investors to reassess a broader array of industries, including less obvious targets from food delivery firms to cosmetics makers as supply disruption intensifies.

The latest jobs data is pointing to a softer US labor market, even as overall economic conditions have remained relatively solid. Steven Rattner of Willett Advisers unpacks what is driving that disconnect, why tariffs may be adding pressure on employers, how AI is already influencing hiring decisions, and why the combination of forces could create a challenge for the Fed and for investors. (Source: Bloomberg)

Having recently updated the regular iPhone with a raft of meaningful upgrades, Apple Inc. set a high bar for its entry-level “e” series.

Moonshot AI is seeking to raise as much as $1 billion in an expanded funding round that would value the startup at about $18 billion, more than quadrupling its valuation in just three months and underscoring growing interest in Chinese AI developers racing to rival Silicon Valley leaders.

The US Commerce Department has pulled a draft regulation that would have restricted exports of artificial intelligence chips to anywhere in the world without US approval, according to an electronic notification posted on a government website.

Elon Musk’s use of the drug ketamine will be off limits to attorneys for OpenAI Inc. and its chief executive officer Sam Altman during an upcoming jury trial over claims that the generative AI company defrauded Musk by abandoning its nonprofit roots.