Eric Risberg / AP

On Facebook Live from a backyard BBQ Sunday, Mark Zuckerberg took a question on artificial intelligence challenged the views of fellow Silicon Valley billionaire Elon Musk, who has said AI is "a fundamental risk to the existence of human civilization," per CNBC.

"I think you can build things and the world gets better," said Zuckerberg. "With AI especially, I am really optimistic... I think people who are naysayers and try to drum up these doomsday scenarios — I just I don't understand it. It's really negative and in some ways I actually think it is pretty irresponsible...In the next five to 10 years, AI is going to deliver so many improvements in the quality of our lives."

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Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).

U.S. Chamber of Commerce warns of racial inequality for small businesses

Illustration: Aïda Amer/Axios

Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight the gaps in opportunity between white- and minority-owned businesses in the United States.

Driving the news: A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.

BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.