CHICAGO—IBM CEO Arvind Krishna said dire AI job warnings stem from a "reality distortion field" among industry leaders, arguing in an Axios interview that the employment picture is much more promising.
Why it matters: Anthropic CEO Dario Amodei sounded the alarm in May when he told Axios' Jim VandeHei and Mike Allen that AI could wipe out half of all entry-level white-collar jobs.
The Trump administration is pushing back on more media reports on his inclusion in a leather-bound album celebrating disgraced financier Jeffrey Epstein's 50th birthday.
The big picture: President Trump is suing the Wall Street Journal and owner Rupert Murdoch, challenging a report about a "bawdy" birthday letter bearing Trump's name in the book that Ghislaine Maxwell allegedly collated in 2003. Now, the WSJ has published a report naming other public figures it says were in the book.
Lyft plans to add U.S.-made Holon autonomous shuttles to its ride-hailing network as early as next year.
Why it matters: It's the latest development in Lyft's autonomous vehicle strategy, as it tries to keep pace with rival Uber's robotaxi rollout in places like Austin and Atlanta.
The trade deals keep coming, yet the dollar continues to weaken, down over 10% this year after the biggest first-half loss since 1973.
Why it matters: The greenback slump could be a sign that countries are now embracing de-dollarization: moving away from dollar-denominated assets as uncertainty about fiscal policy in the U.S. remains a headwind.
Investors are flocking to Europe, not for vacation, but for returns.
But without the market power of artificial intelligence companies, they may have to quickly come back to America.
Why it matters: Much of Europe's outperformance this year stems from a weakening dollar, not stronger fundamentals. Without the AI boom that is fueling the resurgence in U.S. stocks, the old world may struggle to keep up.
Meta on Friday said starting in October it will no longer accept political, election or social issue ads in the European Union, in response to new regulation that it says will cause "significant operational challenges and legal uncertainties."
Why it matters: Google already said it would pull ads in the EU for the same reason. Campaigns and cause and appeal organizations will have a significantly harder time placing ads online without the ability to run them on the EU's two biggest digital platforms.
A majority of Nevada swing voters in our latest Engagious/Sago focus groups who backed President Trump in November said they now disapprove of his administration's actions.
Why it matters: These swing voters' assessment of the administration were the most negative of any of our monthly panels this year besides March, when Michigan voters recoiled against Trump's tariff threats and antagonism toward neighbor Canada.
Ted Lasso, stealing a line he (and many others) wrongly attributed to Walt Whitman, nailed an antidote to the things driving us crazy: "Be curious, not judgmental."
Why it matters: Those four words can radically shift how you think and feel about politics, social media posts, your employer, and even friends and family, Axios CEO Jim VandeHei writes.
This year may turn out to be historic for investors, requiring high levels of discipline to avoid chasing unreasonable valuations, the CEO of Singapore's sovereign wealth fund GIC said Thursday.
Why it matters: GIC is one of the world's largest investors, with more than $800 billion under management, so its cautious view at a time of surging markets globally is noteworthy.
OpenAI is expected to release its next big model — GPT-5 — in August, Axios has learned.
Why it matters: The race to create the biggest and best AI models is accelerating as the Trump administration has said the U.S. must do "whatever it takes" to beat China.
Colorado is constructing what state transportation officials say will be the "world's largest" wildlife overpass crossing on Interstate 25 between Denver and Colorado Springs.
Why it matters: The $15 million project is a massive effort to keep both animals and drivers safer on one of the state's busiest stretches of highway. The crossing is expected to curb vehicle-animal collisions along the corridor by 90%, per the Colorado Department of Transportation.
Communication professionals are leveraging their expertise to help raise awareness for businesses in need or those impacted by natural disasters.
Driving the news: Following the recent wildfires in Los Angeles, several communication and PR firms united to form the LA Strong Comms Coalition to support small businesses that had been affected.
President Trump said on Thursday that he wanted to see Elon Musk's companies thrive, one day after the White House said he didn't want Musk's xAI to get government contracts.
Why it matters: Since the Trump-Musk relationship blew up last month, the rhetoric has run hot and cold in intermittent bursts, but Trump appears to be tamping the tension down again.
The rules of creativity and AI are being rewritten — but the ink isn't dry yet.
Generative AI is unlocking new ways to brainstorm, build and express ideas faster than ever. For creatives, that means more tools, more opportunity — and more reach.
A UN court's finding that countries face climate obligations under international law will find its way into climate litigation in multiple venues — as well as diplomatic and policy battles.
Why it matters: It's also a win for the nations most vulnerable to climate change, including the Pacific island nation Vanuatu, which spearheaded the push for a decision.
The stock market barely moved off the trade deal with Japan this week, as market sources said that's the new investor playbook for tariff headlines: Ignore them unless it's about China.
Why it matters: The stock market, which is up 27% since the April 8 lows, has already priced in trade deals.
ServiceNow isn't just selling AI-powered tools to customers. It's using the technology to shrink its own hiring plans, projecting $100 million in cost savings this year.
Why it matters: The automation software company is the latest tech player to show how AI can drive cost cuts, a boon for margins, but a potential red flag for future tech job seekers.
Meme stocks are back, with GoPro, Opendoor and Krispy Kreme rallying double digits this week thanks to retail investors and Reddit threads.
Why it matters: The retail resurgence is the latest signal that investors are willing to take on more risk, as stocks keep hitting record highs and it gets harder to beat the broader market.
Here's what's new on Netflix, Hulu, Paramount+, Apple TV+ and Prime Video.
What we're watching: The highly anticipated sequel to "Happy Gilmore," a new adventure series about a young "Black genius" and a documentary chronicling the history of hip-hop.
