The Latest Breaking News from Fortune

AI is becoming a financial engineering business

As large language models become more interchangeable, balance sheets will matter as much as tech breakthroughs in the AI race.

Fortune · Aug 20

Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says

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

Fortune · Aug 20

AI won’t fix enterprise complexity. Rewiring will

Picture a railroad that spends billions on the fastest trains in the world, then runs them on the same aging rails. The tracks are the constraint.

Fortune · Aug 20

Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161

Local philanthropist Maja Kristin donated $1 million to fill the gap in teacher salaries.

Fortune · Aug 20

Companies are spending trillions on AI. The C-suite doesn’t know who is in charge of it.

Boards, CEOs, and the executives who report to them are sharply divided on who owns AI.

Fortune · Aug 20

In this economy, millennials and Gen Z would rather break up than date someone in debt: 'There's a pretty big divide'

Nearly half of Americans say a partner's debt is a dealbreaker, and younger generations are the pickiest of all.

Fortune · Aug 20

‘Buyers aren't yet opening their wallets’: AI-generated assets are flooding online marketplaces, but consumers are snubbing AI for human-made products

In 3D model marketplace CGTrader, AI-generated assets made up one-sixth of newly uploaded models, but just 2.6% of sales.

Fortune · Aug 20

Amazon isn't giving up on Jeff Bezos' drone deliveries dream—and after 13 years of turbulence, the momentum is finally shifting

The e-commerce giant announced it is expanding drone delivery to nearly 500 U.S. cities and towns by the end of this year, a sixfold increase from its current capabilities.

Fortune · Aug 19

Bitcoin posts surprise rally as currency nears $70,000 for the first time since June

The U.S. Treasury’s bond-buyback announcement helped send Bitcoin up nearly 6% with one analyst saying a broader recovery may be afoot.

Fortune · Aug 19

Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton

Eurasia Group counselor Dominic Barton says corporate leaders can no longer treat geopolitics as a boardroom sideshow amid tariffs and new restrictions.

Fortune · Aug 19