A.M. Edition for July 31. Earnings from AI hyperscalers this week showed <a href="https://www.wsj.com/tech/ai/amazon-earnings-q2-2026-amzn-stock-3daf95f7?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">rising demand</a> for their cloud services, with Amazon’s CEO forecasting corporate AI use was still in its ‘early stages.’ But as EY’s Dan Diasio tells us, <a href="https://www.wsj.com/business/china-us-ai-model-costs-53a12e96?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">rising token costs</a> are leading many businesses to question their broader AI approach. Plus, the U.S. says Hamas has agreed to <a href="https://www.wsj.com/world/middle-east/u-s-says-hamas-has-agreed-to-broad-plan-to-disarm-71a446c2?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">a broad plan to disarm</a> in exchange for an eventual Israeli withdrawal from Gaza. And WSJ reporter <a href="https://www.wsj.com/news/author/margherita-stancati?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Margherita Stancati </a>describes how the arrival of thousands of migrants into the <a href="https://www.wsj.com/world/europe/thousands-of-migrants-pour-across-border-into-a-tiny-spanish-territory-0af0d1a3?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Spanish territory of Ceuta</a> from neighboring Morocco is piling political pressure on the center-left government in Madrid. Luke Vargas hosts.

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