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Axios Closer

Meta and Microsoft report ballooning AI expenses

Axios AI+

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

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

Exclusive: Americans say large tech companies have too much power

Codebook

Axios Codebook

Scoop: Second OpenAI agent incident tied to cybersecurity testing benchmark

OpenAI's agents hacked second account during model testing

Media Trends

Axios Media Trends

Media Deals

Internet enters its low effort era

Media Trends Executive

OpenAI's Hugging Face hack is a cybersecurity warning shot

Markets

Axios Markets

Apple reclaims the title of the most valuable U.S. company

A line chart that tracks Apple and Nvidia market capitalization daily from July 25, 2025, to July 27, 2026. Apple rises from $3.18 trillion to $4.95 trillion, its peak. Nvidia starts at $4.23 trillion, peaks at $5.71 trillion and ends at $4.76 trillion. Nvidia leads most of the period.

Apple and Nvidia's market capitalization

Data: FactSet; Chart: Matt Phillips/Axios

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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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