Karoline Leavitt will be stepping down from her role as White House press secretary at the end of the month, President Trump announced Wednesday in a Truth Social post.
The big picture: Leavitt is leaving to spend more time with her family, the president said.A member of Trump's team who followed him from his presidential campaign to the White House, she's been a fiercely loyal face of the White House.
When investment on the scale of the current AI boom occurs, it inevitably has to come at the expense of something. All the resources devoted to building data centers and developing AI models would otherwise go to something else.
The big picture: This crowding out is smaller than you might expect, Goldman Sachs economists find in a new note.
But it does exist, they say, and takes the form of displacing other tech investment and construction, as well as raising corporate borrowing costs.
As Zoox begins charging passengers in Las Vegas this week, the Amazon-owned company is revealing how it decided it was ready to deploy a robotaxi with no human controls.
Why it matters: With no federal performance standards for autonomous vehicles, AV developers largely determine when their cars are safe enough to operate on their own.
Inflation was benign in July, a second month of relief for American consumers and economic policymakers contending with stubborn price pressures.
But the encouraging inflation picture may already be out of date, with the data largely capturing prices before renewed Middle East fighting sent energy costs notably higher.
Why it matters: The tame reading might give the Federal Reserve some breathing room to hold off raising interest rates in September. Still, the Iran war and the whiplash in energy prices it has unleashed leave lingering questions about the staying power of the inflation relief.
The state of the global diesel market is getting even more precarious as the Russia-Ukraine war and the Iran crisis squeeze supply from multiple angles.
Why it matters: Diesel prices ripple through economies here and abroad, affecting shipping costs, construction and plenty in between.
There's an effort underway to create a futures market for AI compute — the processing capacity needed to train and run AI models — akin to how investors buy and sell commodities like oil or grain.
Why it matters: A compute futures market would bring more transparency, new ways to manage volatility and even more investment into what's quickly becoming a critical part of the economy.
REDONDO BEACH, California — The bus departed Impulse Space and was hurtling down the highway, bound for an In-N-Out Burger somewhere southeast. Inside, JPMorgan Chase CEO Jamie Dimon and other executives were discussing defense tech: its ups, its downs, its risks, its opportunities.
How could they help? Where were the relevant watering holes? And what would it mean to get creative, to avoid the pitfalls of the past?
"The notion that this country is behind is frustrating, but I'm very uplifted by what they're doing," Dimon said. "You walk around companies like Impulse Space — they're doing amazing stuff."
The big picture: In October, JPMorgan Chase tossed $1.5 trillion into the national-security ring with its Security and Resiliency Initiative. At first a stateside push, it has since extended to include Canada, Europe and the U.K.
Artificial intelligence isn't just speeding up early-stage drug development, it's starting to unlock millions of dollars' worth of new efficiencies in clinical trials on cancer treatments, research shared first with Axios shows.
Why it matters: AI-powered tools could shave months offtime-consuming processes like recruiting and enrolling patients, monitoring results and interpreting data.
Robin Vince is CEO of America's oldest bank, BNY, which is also one of Wall Street's earliest AI adopters: It had over 100 "digital employees" in early 2025 before everyone else was using agents.
Why it matters: This is our first installment in a series on how executives use AI tools.
Anthropic's new models will add machine-readable "watermarks" to Claude-generated text and files to comply with new European Union transparency regulations.
Why it matters: Comms teams using Claude to simply clean up, translate, or format human-drafted press releases could stamp those documents with an AI signature.
America's biggest financial firms are lining up to unlock vast sums of private capital for infrastructure investment.
A new $250 billion effort from Bank of America is the latest in a week packed with jaw-dropping funding announcements.
Why it matters: Amid an AI buildout that is creating new strains on computing power, energy supplies and manufacturing capacity, major banks see opportunity for large-scale investment that could help satisfy those needs — and reward investors.
