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The Latest Breaking News from Fortune

Big Tech execs playing ‘Russian roulette’ in the AI arms race could risk human extinction, warns top researcher

Allowing companies free rein on AI is bringing on a new level of existential risk, Stuart Russell argues.

Fortune

Buffalo Wild Wings wins legal debate after a customer discovered his boneless wings contained no real wing meat at all

A judge ruled in favor of Buffalo Wild Wings for a March 2023 case, saying the customer’s argument “has no meat on its bones.”

Fortune

Amazon exec says the most important lessons from Jeff Bezos were the 16 leadership principles he once dismissed as cultlike

“Jeff [Bezos] didn’t come down from the mountaintop with these leadership principles carved in stone,” said longtime employee Doug Herrington.

Fortune

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Shocked Zillow CEO says even senior hires don’t do their homework for interviews: ‘They’re asking pretty basic questions that you could answer in 10 minutes on Google’

Zillow CEO Jeremy Wacksman says it “still surprises” him when executive-level candidates haven’t done their homework.

Fortune

OpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history

The AI talent war is pushing ChatGPT creator OpenAI to give out millions in equity compensation to its 4,000 employees. Meanwhile, its boss, Sam Altman, has zero equity and just a $76K salary.

Fortune

Kraken acquires token manager Magna as crypto exchange prepares for IPO

Over the past year, Kraken has struck deals for five other companies, including a blockbuster $1.5 billion deal for futures platform NinjaTrader.

Fortune

Exclusive: Bain and Greylock bet $42 million that AI agents can finally fix cybersecurity’s messiest bottleneck

Cogent Security boasts an all-star AI team—and is promising to close the gap between finding software flaws and actually fixing them.

Fortune

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Zillow's CTO says AI is reinventing every step of the home buying process

Zillow’s CTO David Beitel has led technology for the real estate website since its inception, with his north star focused on infusing technology across all stages of the home buying process.

Fortune

Hyperliquid launches DeFi-focused policy shop led by prominent crypto lawyer Jake Chervinsky

The Hyperliquid Policy Center, backed by a $28 million donation, will focus on creating legal pathways for perpetual derivatives.

Fortune

Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket

Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner.

Fortune

Citi’s new CFO is the latest sign the 'operator' era has arrived

From running U.S. Personal Banking to steering the balance sheet, Gonzalo Luchetti embodies the new CFO profile.

Fortune

Exclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund

Frist Cressey Ventures has raised its $425 million fourth fund, Fortune has exclusively learned.

Fortune

Job hopping isn’t really worth it anymore, finds new data from ADP—unless you’re a miner or builder

In some roles, it actually pays to stick with the same employer: In leisure and hospitality and IT, workers who stayed in their roles actually saw their salaries fare better than those who left.

Fortune

Inside Dragonfly Capital’s $650 million fourth fund and its early bets on Polymarket and Rain

Why the crypto VC has thrived despite a new bear market.

Fortune

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Fortune

Trump is ‘dumb as a fox,’ master of ‘the wall of sound,’ and never above ‘the last resort of scoundrels’: Yale scholar breaks it down in new book

“We know from mythology and science across centuries and cultures that even foxes can get outfoxed on occasion,” Yale’s Jeffrey Sonnenfeld told Fortune.

Fortune

There’s an incoming $150 billion ‘YOLO’ trade that will boost stocks by the end of March, Wells Fargo says

The S&P 500 “rose 100% of the time, by 13% on average over the next six months” after a buy signal like this, analysts note.

Fortune

Goldman Sachs scraps DEI criteria for its board as the business case for boardroom diversity only grows more compelling

Also: All the news and watercooler chat from Fortune.

Fortune

Your competition for the CEO role might be on your board

Internal candidates are increasingly up against their own directors in the CEO succession race.

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Fortune

Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says

Net immigration averaged approximately 1 million people per year during the 2010s. Not anymore.

Fortune

Billionaire Trump supporter blocks sale of Texas warehouse for use as ICE jail

Majestic Realty is one of several companies to say no DHS after community backlash.

Fortune

Why your boss loves AI and you hate it: Corporate profits are capturing your extra productivity, and your salary isn’t

As happened with the first factories of the Industrial Revolution, today’s AI boom is boosting output, but most of the gains are flowing to capital, not workers.

Fortune

GoFund Me campaign seeks to buy Bitcoin to help spur Nancy Guthrie’s release

The fundraising effort comes after a new letter was sent to TMZ demanding Bitcoin in exchange for information about Guthrie’s captors.

Fortune

Corporate America is betting on rookie CEOs

The year of the rookie CEO has arrived.

Fortune

Anthropic was supposed to be a 'safe' alternative to OpenAI, but CEO Dario Amodei admits his company struggles to balance safety with profits

Anthropic’s CEO says intense commercial pressure is testing the company’s safety-first AI mission.

Fortune

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago

In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”

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