Token Costs Have Execs Rethinking AI Rollouts
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Is Hamas ready to lay down arms? Washington says yes. We'll get the latest. Plus, Spain deploys its military after thousands of migrants pour into its territory from neighboring Morocco. And as their employees burn through tokens, executives rethink their AI rollouts.
82%. of corporations are now concerned about the token costs that they're seeing inside their business. For many corporations, the era of unlimited AI access is ending.
It's Friday, July 31st. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. U.S. officials say that Hamas and other Palestinian militant groups have agreed to a plan that would see them disarm and cede power in Gaza if Israel withdraws from the enclave and allows in humanitarian aid. The announcement is the culmination of months of diplomacy between the U.S., Israel, Hamas, and Middle East mediators, as well as the Board of Peace created by President Trump to oversee Gaza's transition.
What is the U.S. claim about Hamas agreeing to a disarmament plan?
However, Journal Middle East reporter Feliz Solomon says that neither Hamas nor Israel has explicitly agreed to the plan.
A member of Hamas's negotiating team told The Wall Street Journal that the group had agreed to place its weapons in a storage facility overseen by the National Committee for the Administration of Gaza, which is a Palestinian technocratic group that ultimately will be charged with taking over the administration of the Gaza Strip. They didn't say that they had agreed to fully disarm. This is a sticking point because Israel has said that they demand the full disarmament of Hamas before they would withdraw from the Gaza Strip. A lot of the details still need to be worked out, such as when and how the disarmament would take place, how long it would take, what exactly would be handed over and what would happen to those weapons.
The Palestinian police force that is meant to actually collect and decommission the weapons from Hamas has not been fully formed. The International Stabilization Force, which is a new peacekeeping force that was established by Trump's Board of Peace, is also still in its very early stages. There are very few members of the ISF members. so far, and none of them have been deployed to Gaza. And it could actually take many months to stand up the peacekeeping force and the police force that will actually provide the personnel to make this really happen.
Still, officials said the agreement could mark a new era for Gaza.
If Hamas does disarm, it would be a huge development. This has long been a sticking point. They have resisted this from the very beginning because its resistance is the entire ethos and identity of Hamas. disarmament would clear the way for the rest of Trump's peace plan to be rolled out. As long as Hamas is still present as a political and military force in the Gaza Strip, the new Palestinian technocratic committee that is supposed to come in and govern Gaza cannot come in and begin its work. And as long as that doesn't happen, reconstruction cannot fully begin.
Mediators say that Israel has yet to approve the agreement and that talks with Hamas will continue today in Egypt. Spain is deploying the military to its North African territory, Ceuta, after thousands of migrants poured across the border from neighboring Morocco yesterday. Footage showed large crowds of mostly young men climbing over fences and swimming around breakwaters. Authorities say that at least 10 people died trying to reach the tiny enclave by sea.
The crisis didn't actually start on Thursday. It started a bit earlier in recent days, following a ruling by Spain's Supreme Court. It basically made it harder for migrants who reach the territory of Ceuta or another similar territory called Melilla to be returned to Moroccan territory.
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