Axios

Meta on Thursday began removing advertisements from attorneys who were seeking clients that claim to have been harmed by social media while under the age of 18.

Why it matters: This comes just two weeks after Meta and YouTube were found negligent in a landmark California case about social media addiction.

Nextdoor is opening early access to local journalist accounts, executives exclusively tell Axios.

Why it matters: The initiative seeks to provide tips and sources for journalists and boost distribution for stories as some local newsrooms shrink.

OpenAI expects to generate $2.5 billion in ad revenue this year and $100 billion by 2030, according to a source familiar with recent presentations to investors.

Why it matters: It's the clearest sign yet that OpenAI sees advertising as a core part of its future business.

A federal appeals court in D.C. on Wednesday denied Anthropic's request to pause enforcement of the Pentagon's designation of the company as a supply chain risk.

Driving the news: Anthropic sought the stay to fend off financial and reputational harm. The ruling comes after a federal judge in a San Francisco court last month granted the company a preliminary injunction keeping the administration from banning the use of Claude.

Meta on Wednesday debuted Muse Spark, a homegrown AI model it says significantly narrows the performance gap with models from OpenAI, Anthropic and others.

Why it matters: The model — code-named Avocado and built over the past nine months by a team led by Alexandr Wang — is a major upgrade over its Llama 4 models, Meta tells Axios.

Visa is rolling out a new platform for a future where AI agents do the shopping for consumers.

Why it matters: Visa is racing to stay embedded in transactions as AI platforms take over checkout.

Iran agreed to reopen the Strait of Hormuz. But the economic fallout from five weeks of effective closure is just beginning.

Why it matters: Supply chains don't unsnarl overnight. The gloomiest forecasts for the U.S. economy from the war may not come to pass, but shortages and price shocks will continue to pinch the world for months.

• Moreover, there's no certainty that the two-week ceasefire will turn into lasting peace.

President Trump pulled back from the brink last night, after having threatened to destroy Iran's "civilization," agreeing to a two-week ceasefire.

• In so doing, he also may have saved the next generation of defense-tech companies.

Cummings Aerospace successfully tested an anti-armor warhead for its Hellhound S3, a 3D-printed weapon that blurs the line between drone and missile.

Why it matters: The Pentagon is hungry for cheap, smart munitions.

• This internally funded trial sets the Huntsville-based company up for future military demonstrations and exercises.

Anthropic published the capabilities of Claude Mythos Preview, its latest model that the company will allow a select group of tech and cybersecurity companies to test before releasing similar models to the public.

Why it matters: The detailed safety evaluation reads like a thriller about an AI that has learned some of humanity's most devious behaviors.