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CEOs are making the business case for AI—and dispelling talk of a bubble

Also: All the news and watercooler chat from Fortune.

yesterday 10

Fortune

Diane Brady

How Anthropic grew—and what the $183 billion giant faces next

In our latest Fortune cover story, AI editor Jeremy Kahn explores what's driving Anthropic's growth.

yesterday 10

Fortune

Allie Garfinkle

You don’t need to have fun at work—take it from NBA head coach Joe Mazzulla: ‘Fun is a cop-out sometimes when things aren’t going well’

The famously intense Mazzulla was fielding a question about "fun" from a child reporter: "I struggle with that, to be honest with you."

yesterday 10

Fortune

Dave Smith

How two leaders used design thinking and a focus on outcomes to transform two Fortune 500 giants

Phil Gilbert and Tony Bynum, speakers at Fortune's Brainstorm Design conference in Macau, worked to transform IBM and Northwestern Mutual...

yesterday 10

Fortune

Christina Pantin

Michael Saylor’s Strategy may have BlackRock to thank for the 11% rise in Bitcoin

BlackRock’s ETF now owns 3.9% of all existing Bitcoin, more than Strategy.

yesterday 8

Fortune

Jim Edwards

Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt

Tariffs will bring in $300 billion to $400 billion a year, which would help to pay a fraction of the interest payments of more than $1 trillion in...

yesterday 20

Fortune

Eleanor Pringle

Palantir CEO Alex Karp defends being an ‘arrogant prick’—and says more CEOs should be, too

Karp argues extreme confidence—checked by a “painfully flat” internal culture—is the only way to resist the "bailout culture" of modern corporate...

yesterday 10

Fortune

Eva Roytburg

Meet Luana Lopes Lara: The 29-year-old ballerina spent summers working for Ray Dalio—now she’s the youngest female self-made billionaire

Following in the footsteps of Taylor Swift and Scale AI's Lucy Guo, Luana Lopes Lara has just been crowned the world's youngest female self-made...

yesterday 1

Fortune

Orianna Rosa Royle

From Spotify Wrapped to YouTube Recap to Amazon Delivered, the holidays are becoming a time of year for our tech to tell us who we are

The end of 2025 is near. And the season of unwrapping our online lives — or at least a glimpse of what they looked like over the past year — is...

yesterday 1

Fortune

The Associated Press

White House tour is shorter this Christmas because the president has destroyed several of the historic rooms

“The tour was significantly longer last year,” said Amiah Henry, a student at Sulphur High School in Sulphur, Louisiana. “It got cut down a lot...

yesterday 0

Fortune

Darlene Superville

‘There’s this fake narrative that the Democrats talk about, affordability’: Trump keeps dismissing cost of living as his party struggles to hold seats

“The danger signs are there, and we shouldn’t have had to spend that kind of money to hold that kind of seat," said Republican strategist Jason Roe...

yesterday 1

Fortune

Meg Kinnard

Steve Cropper, legendary guitarist on Memphis classics from ‘Green Onions’ to ‘In the Midnight Hour,’ dies at 84

Comedy fans know him as a key part of the Blues Brothers band, but almost everyone knows his understated style from dozens of soul classics.

yesterday 1

Fortune

Adrian Sainz

Fed officials like the mystique of being seen as financial technocrats, but it’s time to demystify the central bank

As powerful as America’s central bank is, it’s still just one player in a globe-spanning ocean of financial markets.

yesterday 1

Fortune

Alexander William Salter

AI is reshaping the rhythm of the workweek–and leaders need to pay attention

The workweek is changing for AI-enabled teams, with meetings consolidating towards the middle of the week, and engagement levels climbing.

yesterday 1

Fortune

David Shim

Luxury hotels need to have ‘a point of view’ to attract visitors hungry for experiences, says designer André Fu

Fu and Swire Hotels deputy chairman Toby Smith discuss design and ‘quiet luxury’ at Fortune Brainstorm Design.

yesterday 0

Fortune

Nicholas Gordon

I built the first iPhone with Steve Jobs. The AI industry is at risk of repeating an early smartphone mistake

When I was at Apple, we didn’t just launch the smartphone era—we built an ecosystem.

yesterday 0

Fortune

Matt Rogers

AT&T promised the government it won’t pursue DEI. FCC commissioner warns it will be a ‘stain to their reputation long into the future’

AT&T rebranded its DEI programming in 2024 and made changes earlier this year, seemingly after pressure from conservative activist Robby Starbuck.

yesterday 6

Fortune

Kristen Parisi

For Wall Street, pandemic-level bad news for jobs is good news for stocks—it pushes the Fed further into cutting territory

Fed rate-cut odds surge toward 90% as weak labor data, ADP losses, and Challenger layoffs fuel Wall Street hopes for a December move despite a...

yesterday 3

Fortune

Eleanor Pringle

‘Have they given enough? No’: Melinda French Gates rips into billionaire class, saying Giving Pledge has fallen short

The billionaire philanthropist says there’s more work to be done to get the wealthy to donate.

yesterday 0

Fortune

Sydney Lake

This Khosla Ventures–backed startup is using AI to personalize cancer care

Radical Health just emerged from stealth, having raised $5 million in pre-seed funding led by Khosla Ventures.

yesterday 0

Fortune

Allie Garfinkle

Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the...

yesterday 1

Fortune

Nick Lichtenberg

‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida

Signed contracts for Manhattan homes over $4 million skyrocketed 25%; “the idea that people would flee New York was overblown,” said realtor Donna...

yesterday 1

Fortune

Sasha Rogelberg

Meta’s Zuckerberg plans deep cuts for metaverse efforts

Meta confirmed a reduction in resources for the metaverse, and said savings are expected to funnel toward other futuristic projects within Reality...

yesterday 6

Fortune

Kurt Wagner

Rich people are flooding dollar stores as Americans navigate a crushing affordability crisis

Dollar Tree says 60% of new customers in its most recent quarter earned $100,000 or more.

yesterday 2

Fortune

Dave Smith

America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity

The Harvard Youth Poll pulls back the curtain to reveal a generation defined by widespread distrust in the economy.

yesterday 0

Fortune

Nick Lichtenberg

Bari Weiss to moderate prime-time ‘town hall’ with Erika Kirk on CBS News

“Like so many people around the world, I will never forget the moment that Erika Kirk forgave her husband's killer,” Weiss said.

yesterday 0

Fortune

The Associated Press

Trump administration shows a pattern of firing Black leaders across government, former Transportation officials claim

“When you look at who has been removed without cause, and who has been left in place, the pattern is impossible to ignore," said Alvin Brown.

yesterday 0

Fortune

Josh Funk

Build-A-Bear stock falls 15% as it reveals the real hit from tariffs, at last

“We expect this elevated level of impact to continue through the fourth quarter and into the next fiscal year," CEO Voin Todorovic said.

yesterday 0

Fortune

Michelle Chapman

‘We fixed inflation, and we fixed almost everything’: Trump travels to Pennsylvania to talk affordability while denying it’s a problem

At Tuesday's Cabinet meeting, Trump called affordability “a hoax” that was “started by the Democrats who caused the problem of pricing.”

yesterday 0

Fortune

Josh Boak

Detroit’s bizarre romance with its very own RoboCop statue reaches happy ending, 15 years after love/hate crowdfunding campaign kicked it off

The statue campaign appears to have started around 2010 when Detroit Mayor Dave Bing was tagged in a tweet about Philadelphia's "Rocky" statue.

yesterday 0

Fortune

Corey Williams

Congress flatlines in attempt to regulate college sports with bill ‘not ready for prime time’

It’s only the latest delay for a bill that had appeared headed for passage over the summer before repeatedly hitting roadblocks.

yesterday 0

Fortune

Joey Cappelletti

Trump administration orders embassies, consulates to prioritize visas for sports fans traveling for World Cup, Olympics

In a series of cables to all U.S. diplomatic missions obtained by the AP, the State Department said certain applications should be at the top of...

yesterday 0

Fortune

Matthew Lee

Piling on Trump DOJ’s legitimacy issues, Letitia James challenges appointment of U.S. attorney suing her

The court hearing focusing on the role of John Sarcone, who is acting as U.S. attorney for northern New York.

yesterday 0

Fortune

Michael Hill

Spotify users lamented Wrapped in 2024. This year, the company brought back an old favorite and made it less about AI

Spotify received blowback in 2024 for going all-in on AI at the last minute.

yesterday 0

Fortune

Dave Lozo

Michael Dell, who’s donating $6.25 billion to ‘Trump Accounts’ for kids, says a childhood savings account changed his life

Also: All the news and watercooler chat from Fortune.

previous day 20

Fortune

Diane Brady

Trump’s pick for chairman isn’t enough to threaten Fed independence, says Bank of America—especially if Jerome Powell decides to stick around

"The question then becomes, will Powell leave as a governor?"

previous day 10

Fortune

Eleanor Pringle

Video games can teach designers deeper lessons than ‘high score streaks’ and gamification

Game design holds important lessons for education, said Lee Schuneman, the chief product officer at edtech firm Efekta Education Group.

previous day 7

Fortune

Angelica Ang

China does not need Nvidia chips in the AI war — export controls only pushed it to build its own AI machine

If the U.S. wants to lead in AI, chip controls are not the answer.

previous day 10

Fortune

Ramesh Kumar

IBM CEO warns there’s ‘no way’ hyperscalers like Google and Amazon will be able to turn a profit at the rate of their data center spending

The profits needed to justify massive data center spending don’t add up, said Arvind Krishna.

previous day 9

Fortune

Marco Quiroz-Gutierrez

Scott Bessent calls the Giving Pledge well-intentioned but ‘very amorphous,’ growing from ‘a panic among the billionaire class’

“When you see that people have a stake in the system, they don’t want to bring the system down,” the Treasury secretary argued at the DealBook...

previous day 9

Fortune

Nick Lichtenberg

Anthropic considers IPO despite warnings that excess liquidity is blowing a bubble in the markets

Senior central bank chiefs see excess liquidity in a range of asset markets. 

previous day 40

Fortune

Jim Edwards

L’Oreal CHRO cut her teeth at luxury brands Chanel and Kiehl’s—like Walmart’s CEO she says the secret to her success was always saying yes

Like Walmart’s CEO, L’Oreal exec says the the secret to her success was always saying yes—to grabbing coffee, taking notes, moving abroad

previous day 2

Fortune

Orianna Rosa Royle

Fund managers from diverse backgrounds are delivering standout returns and the smart money is slowly starting to pay attention

Since 2016, we’ve invested through diverse fund managers, seeing steady, market-rate performance. An entrenched "old-boy" network keeps us in the...

previous day 10

Fortune

Rochelle Witharana

Exclusive: Harvard grads raise $20 million for Ostium, a platform focused on a derivative popular with crypto traders

The marquee investors General Catalyst and Jump Crypto led the funding round.

previous day 4

Fortune

Ben Weiss

Boeing’s new CFO sees ‘performance culture’ driving a return to positive cash flow next year

Jay Malave joined the Fortune 500 company in August. 

previous day 2

Fortune

Sheryl Estrada

Exclusive: Former Citadel employees raise $17 million for Fin, a global stablecoin app ‘without all the complexity’

The startup aims to allow businesses to conduct big cross-border transactions in cheap and rapid fashion.

previous day 6

Fortune

Carlos Garcia

Melinda French Gates says the Gates Foundation’s commitment to spend its entire $200 billion on global health by 2045 is ‘fantastic’: ‘The vast majority of resources were to go back to society’

French Gates has played a pivotal role in global health since the turn of the century.

previous day 10

Fortune

Alexa Mikhail

Scott Galloway got mostly B’s and C’s in high school, never studied for the SAT, and had to try twice to get into UCLA. Now he’s worth $150 million

“It’s worked out for all of us,” Galloway said.

previous day 3

Fortune

Sydney Lake

Bank of America predicts an ‘air pocket,’ not an AI bubble, fueled by mountains of debt piling up from the data center rush

“Is this 2000? Are we in a bubble? No,” BofA’s strategy chief Savita Subramanian said. “Will AI continue in unfettered leadership? No.”

previous day 1

Fortune

Sasha Rogelberg

While Billie Eilish slams non-philanthropic billionaires, this CEO says telling people what to do with their cash is ‘invasive’ and to ‘butt out’

William Stone has an estimated net worth of $3.8 billion and has donated millions to his hometown—but he says billionaires have the right to donate...

previous day 20

Fortune

Jessica Coacci