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The Latest Breaking News from Fortune

The Anthropic–OpenAI feud and their Pentagon dispute expose a deeper problem with AI safety

The clash between the two leading AI labs shows how the safety of powerful AI systems may depend less on rules than on the competition and personalities shaping the industry.

Warren Buffett's successor is all-in on the company: He will spend his entire after-tax salary of $15M buying Berkshire Hathaway stock

Warren Buffett's successor is all-in on the company: He will spend his entire after-tax salary of $15M buying Berkshire Hathaway stock

Berkshire is also resuming share buybacks, despite Buffett’s previous aversion.

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

An international tax policy expert told Fortune any form of tariff fails to “move the needle one way or the other.”

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OpenAI launches GPT-5.4, its most powerful model for enterprise work

OpenAI's new flagship model takes aim at the enterprise market—and at Anthropic.

Tech billionaire Shlomo Kramer: the cyber selloff proved that Wall Street can't price tech anymore

The market reaction to Claude Code Security only makes sense if you assume that "AI" and "cybersecurity" are interchangeable labels.

Fed survey reveals Trump’s tariff gut punch to the backbone of the U.S. economy: small business

Small businesses employ almost 40% of working Americans and drive the vast majority of hiring. Their hiring budget was chewed up by a new tax last year.

Most Americans are woefully short on saving for retirement—Warren Buffett’s investing advice could help

The Oracle of Omaha says relying on this one strategy helped him grow his wealth.

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Even most six-figure earners say buying a house is unattainable—half of Americans can’t afford to dine out or vacation in a cost of living crisis

Even most six-figure earners say buying a house is unattainable—half of Americans can’t afford to dine out or vacation in a cost of living crisis

Many U.S. adults say essentials like healthcare, energy, groceries are out of their budgets in a cost of living crisis—now, many are forced to delay the American Dream of homeownership.

'Usually everybody loves money': Trump's FDA chief to start giving bonuses for faster drug reviews

'Usually everybody loves money': Trump's FDA chief to start giving bonuses for faster drug reviews

The FDA lost about 20% of its workforce after Trump took office last year. Now it wants to shrink approvals from as long as 29 months to as low as six.

Palantir CEO’s rant about the Anthropic-Pentagon feud threatening his company was about a lot more than a dirty word

Palantir CEO’s rant about the Anthropic-Pentagon feud threatening his company was about a lot more than a dirty word

Although he could have used other language, Palantir CEO Alex Karp’s comments reflected a growing concern over who can dictate the terms of use for AI.

Trump's loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects

Trump's loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects

The Supreme Court's invalidation of the president's sweeping import levies has blown a bigger hole in federal finances.

Why women’s earnings plateau in their 30s while men’s just keep growing through their 40s: It's not just motherhood

Why women’s earnings plateau in their 30s while men’s just keep growing through their 40s: It's not just motherhood

She enters the workforce at a disadvantage. By the time she turns 35, it's something structural and the numbers make it impossible to look away.

Time on his side: Michael Dell the real business icon as Icahn the activist recedes from view

Time on his side: Michael Dell the real business icon as Icahn the activist recedes from view

In retrospect, the titanic battle between Dell and Icahn likely marked a turning point in activist investing.

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

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The world’s largest tech gathering is talking about ‘accountability laundering’: Here’s why we should christen them Words of the Year

A Meta executive’s AI inbox mishap sparked debate at Mobile World Congress about responsibility in the age of autonomous agents.

Can Anthropic’s CFO sell Wall Street on an AI firm Washington calls a ‘risk’?

Anthropic’s clash with the Pentagon and its “supply chain risk” designation may create headwinds for the company, Wedbush’s Dan Ives says.

Gen Z women are the new face of unemployment—and it’s not because they’re too choosy. Low grades and bad health are to blame, new research warns

Young women are falling out of the workforce, even as male unemployment figures fall. The NEET crisis has a new face—and she’s a young woman.

In the Iran war, it’s not the oil that’s important—it’s the water

Today’s Fortune 500 Digest.

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NYSE parent company invests in crypto exchange OKX at $25 billion valuation as part of push into blockchain-based stocks

Intercontinental Exchange said in January that it planned to build a blockchain-based platform for tokenized equities.

A shiny new Fed chair will be keen to make an entrance with a base rate cut—yet the committee is only growing more hawkish due to Iran

“Clearly there’s growing skepticism that a new chair can start cutting straight away, particularly with the data as strong as it is right now,” noted Deutsche Bank’s Jim Reid.

The Pentagon is committing $150M to a maritime-tech VC fund and appears to be ramping up venture deals

The Department of Defense, which has now backed more than 23 funds, hadn’t announced any new commitments over the past year.

‘The ideal number of human employees inside of any company is zero’: Why AI gives company owners what they think they want

“The major transition here is they don’t want to be paying those humans,” Daniel Miessler said. “They actually never did.”

The Iran war is giving rise to a centuries-old economic theory—and laying waste to the WTO-based world order

Also: All the news and watercooler chat from Fortune.

The housing paradox: why banning institutional investors could make affordability worse

The U.S. housing market is in the midst of a generational transition and single-family rentals are hugely important to young people looking for shelter.

Vinod Khosla thinks future presidential candidates should run on removing income tax for those making less than $100,000

The venture capitalist also wants to get rid of capital gains and treat all income as ordinary income to make up for the deficit.

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