(opens original source in a new tab)AxiosKaroline Leavitt stepping down as White House press secretaryKaroline 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 (opens original source in a new tab)Herb Scribner·12 August 2026
(opens original source in a new tab)AxiosICE plans to put electric-shock gloves on officers' handsImmigration and Customs Enforcement plans to begin using electric shock gloves designed to cause pain and disrupt a person's ability to react.The big picture: The gloves could give ICE officers a new way to use force as their tactics face intense scrutiny after several de (opens original source in a new tab)Avery Lotz·12 August 2026
(opens original source in a new tab)AxiosQuantifying the AI boom crowding-out effectWhen 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 ex (opens original source in a new tab)Neil Irwin·12 August 2026
Industry News (opens original source in a new tab)African BusinessWorld Bank: Developing countries will be better off due to AI (opens original source in a new tab)12 August 2026
(opens original source in a new tab)AxiosDiesel desperation is mounting globallyThe 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.The average U.S. price is up 44 cents over the last month to $5.32 per gallon, compared to $3.71 a year ago, per AAA.However, during the Iran crisis, it hasn't hit (opens original source in a new tab)Ben Geman·12 August 2026
(opens original source in a new tab)AxiosSocialist fever breaks: Takeaways from Crowley's winMilwaukee County Executive David Crowley narrowly defeated socialist Francesca Hong by about 3,000 votes, dealing a blow to the progressive left's momentum Tuesday in Wisconsin's Democratic primary for governor, after his own polling indicated he was behin (opens original source in a new tab)Holly Otterbein·12 August 2026
(opens original source in a new tab)Rest of WorldWhy we should all be worried about AI in electionsDeepfakes dominate headlines, but the real danger lies in opaque AI systems that make up election infrastructure. (opens original source in a new tab)Lisa Poggiali and Samson Itodo·12 August 2026
(opens original source in a new tab)AxiosAI brings savings to clinical trials: studyArtificial 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 off time-consuming processes like recruiting and enrolling patien (opens original source in a new tab)Adriel Bettelheim·12 August 2026
(opens original source in a new tab)South China Morning PostTencent capex jumps 176% on AI push as revenue beats estimatesTencent Holdings nearly tripled its capital spending in the second quarter to supercharge its AI push, as accelerating investments in computing power and models helped drive better-than-expected revenue. Revenue for the quarter ending in June reached 204.8 billion yuan (US$30.4 billion), up 11 per cent year on year from 184.5 billion yuan, the Chinese tech giant reported on Wednesday. The figure beat average analyst estimates of 202.8 billion yuan compiled by Bloomberg. Adjusted net income... (opens original source in a new tab)Iris Deng·12 August 2026
(opens original source in a new tab)AxiosAnthropic's text watermarks signal new front in AI detectionAnthropic'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.How it works: For models la (opens original source in a new tab)Simon Hernandez-Arthur·12 August 2026
Industry News (opens original source in a new tab)African BusinessKenya to host new Continental Centre as AUDA-NEPAD moves to close Africa's human capital gap (opens original source in a new tab)12 August 2026