North Korea has test-fired a new type of torpedo in the East Sea, state media reported Tuesday, saying it plans to deploy the system with its Navy in early 2027. The Academy of Defense Sciences, the Missile Administration and the Torpedo Weapon Research Bureau "verified the combat effectiveness" of the new high-speed torpedo system Monday, the Korean Central News Agency (KCNA) said. The test was part of the "obligatory activities" of the defense research institutes to put weapons technology "on a highly-developed basis," it added. The North gave no further details on the torpedo's specifications. Pyongyang has been pushing to strengthen its naval capabilities with a string of weapons tests. Last month, it conducted an underwater test of a new high-speed, precision-guided torpedo that uses artificial intelligence (AI) technology, calling it a "significant" change in its naval capabilities. It also fired two types of strategic cruise missiles from what was presumed to be a 3,000-ton submarine in the East Sea. In June, it commissioned the 5,000-ton Choe Hyon destroyer in the West Sea, followe
Read full articleAustan Goolsbee, the president of the Federal Reserve Bank of Chicago, said Monday that the data center buildout is “overheating” the economy and putting upward pressure on prices. “Now this stuff with the AI data center buildout is, to my eye, starting to look more just like old-fashioned demand overheating,” Goolsbee told Subrina Hudson of...
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