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Axios Closer

Meta and Microsoft report ballooning AI expenses

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Microsoft tops estimates as Azure passes $100 billion annually

Exclusive: OpenAI offers 100,000 academics free ChatGPT access

Exclusive: OpenAI offers 100,000 academics free ChatGPT

Macro

Axios Macro

Why AI makes central banking tougher

Investors cool on red-hot chip stocks

A line chart that tracks Sandisk Corporationâs daily stock price from Jan. 2 to July 28, 2026. The shares rose from $275.24 on Jan. 2 to a peak of $2,335 on June 25, then fell to $1,096.10 by July 28. Prices climbed sharply through spring, then turned volatile and downward in July.

Sandisk stock price

Data: Financial Modeling Prep; Chart: Emily Peck/Axios

AeroVironment and Applied team up on drone swarms

Codebook

Axios Codebook

Scoop: Second OpenAI agent incident tied to cybersecurity testing benchmark

OpenAI's agents hacked second account during model testing

Tech Policy

Trump administration bans Chinese hardware with eye on AI race

Exclusive: Coursera investing $100 million in Andrew Ng's new startup

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From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

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