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The Latest Breaking News from Fortune

OpenAI CFO: Not knowing AI tools like Codex is now a dealbreaker for finance hires

AI fluency is becoming the new baseline for finance talent.

Fortune

‘Human creativity is under fire’ says WPP's Rob Reilly

At Cannes Lions, creativity is now seen as a key driver of growth, but leaders are struggling to protect it as idea production becomes cheaper and more automated

Fortune

Businesses are declaring war on AI slop. They are fighting a losing battle

Efforts to wipe the web of AI slop has sparked a new technological arms race between the tools generating fake content and the tools trying to catch it

Fortune

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Can unions power the AI economy? AFL-CIO’s Liz Shuler thinks so

Also: All the news and watercooler chat from Fortune.

Fortune

The S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway

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

Fortune

Anduril’s Trae Stephens says defense tech is headed for a shakeout

The Anduril co-founder warns that sky-high valuations, too much venture capital, and unrealistic expectations could drive much of the industry into collapse.

Fortune

Sam Altman, Mark Cuban and Elizabeth Warren are wrong: the tax code doesn't need an apocalypse clause

AI-specific taxes on tokens and compute — and billionaire-backed worker displacement funds — would break the resilience of the tax code through history.

Fortune

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‘Big Tech is desperate’: Amazon engineers are calling out the tech giant for its $200 billion in data center spending after slashing 30,000 workers

A group of Amazon employees spoke out against unfettered AI infrastructure expansion at a Seattle Land Use and Sustainability Committee hearing this week.

Fortune

Amsterdam’s ad crackdown is part of a much bigger European shift

As cities across Europe take a closer look at the influence advertising has on consumer behavior, brands are having to rethink how they connect with audiences.

Fortune

AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

The signatories want Congress to mandate screening for synthetic DNA sales as AI makes creating a bioweapon easier.

Fortune

Trump promised deportations would protect American jobs. Brookings said ICE raids have cost the economy over 668,000 of them

A recent study from Brookings found that ICE arrests shocked local economies and drove unemployment.

Fortune

Taylor Swift, the economics of hype, and what the World Cup gets wrong

Swift's fans pay with wallets. World Cup hosts pay with budgets.

Fortune

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.

Fortune

MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing

Scott signed the Giving Pledge in 2019 and has since given away 46% of her net worth.

Fortune

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Fortune

‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.

Fortune

BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home

"Affordability is a key voter issue, but proposals to fix structural supply shortages are politically unpopular and lack short-term payoffs."

Fortune

Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.

Fortune

World’s largest sovereign wealth fund backs push for Google oversight use of its cloud, AI tech

A coalition of investors managing $1.15 trillion is pressing Alphabet to explain how it monitors government use of its cloud and AI services.

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Fortune

AI anxiety is mostly a blue state problem. Democrats have 5 months to figure out how to use that to their advantage

AI-exposed workers are concentrated in Democratic strongholds and swing states. That's either the party's biggest opening in the midterms—or its biggest vulnerability.

Fortune

SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in

The dot-com guardrails are being dismantled just as SpaceX and Anthropic go public, experts warn. Your retirement account could feel it.

Fortune

Suno is now worth $5.4 billion. But is AI music really becoming a mass-market behavior?

From birthday songs to hospice tributes, Suno is finding real-world uses for AI-generated music. Whether that translates into a sustainable multibillion-dollar business is less clear.

Fortune

Walmart CEO John Furner worked his way up from the garden center. After 30 years, he’s sharing the one trait that matters most in his job

After rising from hourly associate to CEO, Walmart’s John Furner says embracing change was key—a view shared by execs at Macy’s, Xerox, and Informatica.

Fortune

What Christie's $1.45 billion blockbuster art auction tells us about the 'Great Wealth Transfer'

Some $1 trillion worth of art will change hands over the next decade.

Fortune

A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500's best shareholder return

“They've been the best company I've ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX.

Fortune

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

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