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Tech Policy

Trump's AI export strategy runs into Trump's export controls

Codebook

Axios Codebook

Trump's Anthropic crackdown rattles cyber defenders

Axios AI+

Microsoft weighs DeepSeek for Copilot Cowork

Pro Rata

Axios Pro Rata

SpaceX will buy Cursor for $60 billion

Disney puts Adobe's AI to work in its parks

Markets

Axios Markets

Anthropic export ban sounds alarms for AI industry

Exclusive: Databricks rolls out AI spend controls

AI debt boom ramps up with Nvidia bond sale

A line chart that tracks quarterly net debt for a select AI giant from Q1 2011 to Q2 2026. Net debt moves from -$109.3 billion in late 2011 to a low of -$192.2 billion in late 2017, then reverses, turning positive in Q2 2022 and reaching $157.7 billion by Q1 2026.

Net debt position of select AI giants 

Data: FactSet; Note: Net debt is defined as total debt minus cash and cash equivalents. The AI giants here are Amazon.com, Alphabet, Nvidia, Oracle, Meta and Microsoft. Chart: Matt Phillips/Axios

An explosion of AI deepfakes is redefining American elections

Axios AM

Microsoft's Brad Smith on AI-era jobs: "Let's not panic"

Microsoft’s president says AI leaders overestimated the jobs apocalypse

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