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The Latest Breaking News from Fortune

The Philippines needs ‘power of all sorts’ to build energy security following a nationwide crisis, says Prime Infra CEO Guillaume Lucci

“What we need is more energy of all sorts, not only more renewable energy,” Lucci tells Fortune at the firm’s headquarters in Pasay City, Manila.

Fortune

AI was supposed to power Canva's next act. It also exposed software's most expensive problem

An analyst said AI is breaking SaaS’s “secret sauce”, and Canva and its competitor, Figma, just became the latest proof.

Fortune

Nearly a dozen firms are already paying up to $100,000 per month for early access to Trump’s Truth Social posts

The release of Truth API has raised concerns about insider trading among economists and legal experts.

Fortune

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Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground?

Economists point out that the U.S.-Japan intervention—as significant as it may be—doesn’t tackle the underlying reasons behind the yen’s weakness.

Fortune

Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 25% in just the 14 months since Mark Walter bought them

The pair are buying the team from Mark Walter, who paid $10 billion for it just over a year ago, and someone who Magic Johnson once said would own the team for decades.

Fortune

CIOs and CTOs spent years lauding AI. Now, with costs rising, they're putting limits on how it's used

After making AI tools widely accessible for employees, leaders are putting caps on usage and retraining staff to understand small and cheaper models can often do the job.

Fortune

Nvidia found a new way to keep the AI boom funded: your retirement money

A $500 billion Wall Street push could route insurance and pension capital into GPU-backed infrastructure as Big Tech leans harder on debt.

Fortune

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Gates Foundation's $540 million gift to science comes as the federal government pulls back on funding

The historic gift to a University of Washington research institute lands as the federal government retreats from funding science.

Fortune

The majority of U.S. employers say they plan to increase hiring this year—these are the top roles they're looking to fill

After years of job market hell, around two-thirds of U.S. employers are now planning to hire again—they’re looking for marketers, HR and tech workers.

Fortune

Sam Altman thinks working at Goldman Sachs ‘sounds unbelievably terrible now’ and admits he was ‘peer pressured’ into accepting an internship there

Two decades after his application to the bank, OpenAI is recruiting Wall Street veterans and teaching AI to do the work of junior bankers.

Fortune

Elon Musk says AI will make money disappear. But crypto billionaire Michael Saylor says he’s wrong for one key reason: ‘We're status-oriented animals’

The billionaire Bitcoin mogul Michael Saylor says technology has already made luxuries once reserved for kings commonplace.

Fortune

Inflation came in perfectly on forecast. Almost everything underneath it is a ‘mess’

July CPI offered some welcome relief, but the report masks stubborn rent increases and wages that can barely keep up.

Fortune

She detasseled corn for $1 an hour at 14. Now she's Google DeepMind's chief AI exec—and says being an immigrant's daughter made her a natural 'first'

Google DeepMind’s Lila Ibrahim had no AI pedigree—she started out with a $1 cornfield job, immigrant parents, and a habit of taking risks others missed.

Fortune

87.5% of venture dollars went to AI. The rest fought over scraps

PitchBook's Q2 valuations data shows a market split in two.

Fortune

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Fortune

Current price of oil as of Aug. 12, 2026

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

Fortune

‘An unattractive deal with Iran is the best of limited bad options’ if the U.S. wants to get oil flowing again

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

Fortune

The Gulf wants to break free from the world’s data chokepoints

In this week’s Fortune Gulf Brief.

Fortune

Scott Strazik’s stunning turnaround at GE Vernova

Also: All the news and watercooler chat from Fortune.

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Fortune

Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution.

Fortune

Forget the gala, these Silicon Valley schools run their own venture capital funds

A handful of elite Bay Area schools have enlisted parent-donors from Sequoia, Lightspeed, and Battery to steer small pools of donated capital into early-stage startups. With massive IPOs back en vogue, schools are lining up for what could come next.

Fortune

Kalshi's CEO is racing to build a futures market for AI's most precious resource, which could be worth $100 trillion by 2030

Compute is the new oil—but building its futures market may be just as messy.

Fortune

Universities are buying and selling property for data centers, prompting concerns about an AI brain drain

The George Washington University recently sold its Virginia campus to Amazon, and The University of Michigan proposed a new $1.2 billion data center development.

Fortune

Meet ChatTJB, the 'AI' chatbot with no AI, no algorithm and no LLM. It's just one guy and the 10,000 people who volunteered to type back

There's no AI behind ChatTJB, just a former Google employee and soon, more than 10,000 volunteers answering strangers' questions in his place.

Fortune

CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion

The neocloud provider said revenue more than doubled in the second quarter, while backlog rose 246% year-over-year to $104.2 billion.

Fortune

When OpenAI employees hit a roadblock, they email this address to ask CEO Sam Altman to solve it immediately

From office parking issues to technical roadblocks, the friction@openai.com inbox is a way for senior leadership to get direct visibility into on-the-ground issues and eliminate 'big company bulls**t'

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