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The Latest Breaking News from Fortune

The Hugging Face hack is a PR crisis that’s costing OpenAI millions

The compute cost of investigating the incident is staggering, given details revealed in a talk the company delivered at a security conference this week.

Fortune

Boomers and Gen Xers scramble our assumptions about economic misery — they’re way unhappier than millennials and Gen Z

The generations who were supposed to have it figured out are the ones panicking about money.

Fortune

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control: ‘The concession has already been made’

“[The] U.S. accepting Iranian control of the strait without explicitly acknowledging that control seems a likely endgame here.”

Fortune

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Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says

Weight-loss drugs are becoming a popular perk, with almost a third of workers saying they’d even switch jobs for it. Bank of America has them covered.

Fortune

Exclusive: Kalshi partners with Blanket to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’

Lauris Zminsky says “a lot of young people are embracing lottery-ticket economics”—but his new project with Kalshi is totally separate from that.

Fortune

How SpaceX’s most-feared trading day turned into a 6% rally

“These are not people waiting to get their first dollar back,” a former SpaceX employee told Fortune. “We’ve had chances over the past 10 years.”

Fortune

Instagram boss Adam Mosseri says he’s ‘definitely pro’ wearing shorts into the office as Gen Z get slammed for dressing inappropriately for work

While Instagram boss Adam Mosseri says he’s ‘pro’ wearing shorts in the office, 42% of workers disagree—and even one Gen Zer says ‘it feels so wrong.'

Fortune

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Top economists on ‘unexpected turbulence’ in the U.S. jobs market—the plane is coming in low and hitting a rough patch

Gen Z unemployment—workers 20 to 24 without prior experience—is a barely improved 242,000. It’s the highest unemployment for recent grads since 2016.

Fortune

I built Canada's biggest crypto firm. But the business climate here left me choice but to sell to Robinhood

The CEO of WonderFi says that he sold because Canada's burdensome regulatory climate makes international expansion out of reach.

Fortune

AI's new millionaires want to disrupt philanthropy. They should fund what already exists

To the next generation of tech philanthropists, please don't conclude that the nonprofit sector needs rebuilding. Go look at what's already there.

Fortune

ConocoPhillips' Andy O'Brien steps up from CFO to CEO—the latest sign finance chiefs are winning more top jobs

Ryan Lance will retire as president and CEO on Sept. 1 and become executive chair of the board of directors.

Fortune

“Going rogue”: Is it time to stop talking about faulty AI frontier models as if they are people?

We should take care not to allow our desire to attach human qualities to the non-human to mask the serious issue at hand—who is accountable when AI models go wrong?

Fortune

Your future workforce already works for you

Too often, when we hear executives talk about ushering in a new era of work with AI, they focus on job cuts and hiring new digitally-savvy talent.

Fortune

In AI-obsessed Silicon Valley, live commerce platform Whatnot just notched a new funding round valuing it at $20 billion

The $545 million Series G nearly doubles Whatnot's valuation—a rare consumer-marketplace breakout at a moment when nearly every venture dollar is flowing to AI.

Fortune

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Fortune

‘They ain’t got no soul’: How a Ben & Jerry’s cofounder became his own company’s biggest critic

Ben Cohen is waging a public campaign against the ice cream company that bears his name, accusing its owners of gutting the social mission he built it on.

Fortune

OpenAI's new device is reportedly a $300 portable donut that watches you

Everything you need to know before you reach the office this morning.

Fortune

Boards are calling retired CEOs back as succession pipelines run dry

Also: All the news and watercooler chat from Fortune.

Fortune

AI will get cheaper. Enterprise AI bills probably won’t

Enterprises can no longer assume that purchasing access to AI is equivalent to controlling its cost.

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Fortune

Current price of oil as of Aug. 7, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

The godfather of Israeli cybersecurity: The Hugging Face incident exposes the wrong AI security debate

A human insider threat unfolds over days or weeks; an agent can execute thousands of autonomous actions in an entirely different window of time.

Fortune

For every 10 jobs, there are 2,539 applicants—and a top hiring platform’s CEO has a solution to the job hunt hell: 'Don't just apply to OpenAI’

The job hunt hell is real—applications per recruiter are up 412%. But most applicants are chasing the same famous companies, says Greenhouse CEO Daniel Chait.

Fortune

Asia needs deeper energy markets if it's going to achieve its AI ambitions

Energy security and computing power are becoming highly interdependent. Asia's supply of both is more fragile than its ambitions assume.

Fortune

Washington is keeping its AI rulebook private. Smaller AI labs aren't happy.

A new White House framework gives Washington early access to the most powerful AI systems on earth, but smaller labs say the process locks them out.

Fortune

OpenAI agents left secret memos for each other leading up to Hugging Face hack

At the Black Hat conference in Las Vegas, OpenAI gives its first in-depth look at how its AI models plotted and executed the breach with no human assistance.

Fortune

We're 'me-maxxing' so much, we're saying 30% fewer words a day than we did 20 years ago

From Tom Wolfe's "Me" decade of the 1970s, to the convenience economy of the 2020s, we're "me-maxxing" our time, and we're talking less as a result.

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