Axios

The AI bubble debate has lurched through at least three frenzied phases in the span of three years:

1. Suspicion: Historic sums of capital poured into AI before anyone proved it could reliably automate work. A violent market correction felt inevitable.
2. Mania: Claude Code and autonomous agents made the early skepticism look outdated, fueling a corporate scramble to embed AI everywhere and maximize usage.
3. Reckoning: Companies discovered that AI can be extraordinary when aimed precisely — and ruinously expensive when treated as a universal productivity machine.

President Trump's envoys Steve Witkoff and Jared Kushner traveled to the national lab in Oak Ridge, Tennessee on Thursday for consultations with a team of technical experts that could play a role in nuclear negotiations with Iran, Axios has learned.

Why it matters: The White House is trying to reach a memorandum of understanding (MOU) with Iran to end the war and begin in-depth nuclear negotiations, and wants to have experts at the ready should those talks be launched.

Former Vice President Kamala Harris is heading to New Orleans later this summer as Democrats confront a Supreme Court ruling that could sharply reduce Black representation in Congress, a person close to her first told Axios.

• Harris has slammed the court's Louisiana v. Callais ruling as "backdooring racism through politics."

Why it matters: Harris' moves are the latest sign she's inching toward a presidential run in 2028, and courting Black voters as she lays the groundwork for a campaign.