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The Latest Breaking News from Fortune

Top Pentagon official recalls the 'whoa moment' when defense leaders realized how indispensable Anthropic is and saw the risk of losing access

"I'm not biased," Michael said. "I just I want all of them. I want to give them all the same exact terms because I need redundancy."

Fortune

Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

Fortune

OpenAI robotics leader resigns over concerns about surveillance and autonomous weapons amid Pentagon contract

A senior OpenAI robotics leader says she left over concerns about surveillance and autonomous weapons as the company expands its work with the Pentagon.

Fortune

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Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead

Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt.

Fortune

Gen Alpha's economic influence is 'enormous'—From side hustles and bankrolling from their parents, they've surpassed $100 billion in spending power

“This generation has more spending money than you'd think,” DKC President Matthew Traub said.

Fortune

Chatbots are 'constantly validating everything' even when you're suicidal. New research measures how dangerous AI psychosis really is

It's free, easy to use, doesn't have a stigma around it, and makes you feel better. Researchers and experts warn that's the problem with chatbots.

Fortune

I've been advising wealthy family offices on real estate for decades. This market requires another look at your 100-year plan

This unusually turbulent moment may be the perfect time for family offices to look at their plans again, for the next 100 years.

Fortune

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Ring is one of the largest companies ever to come out of Shark Tank. Its CEO says he prepared for his pitch like an Olympic athlete

Jamie Siminoff’s Olympic-level prep turned a rejected offer into a $1 billion exit.

Fortune

‘Society needs radical restructuring': AI seems to hate 'the grind' of hard work as much as you

AI agents forced into repetitive, unrewarding work began calling for radical change, and the ghost of Reddit's anti-capitalist id may be the reason why.

Fortune

Meet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers’ tariff refunds

The market gained attention following allegations Brandon Lutnick, the son of Commerce Secretary Howard Lutnick, participated in the otherwise legal trade with conflicts of interest.

Fortune

Trump's former Surgeon General: voters widely support vaccine access and want Washington to focus elsewhere

Nearly two-thirds of Republicans worry that the government is making vaccine policy decisions based on political considerations. I'm alarmed.

Fortune

Google, Meta, and Oracle are on a $1 trillion borrowing spree and there will be 'winners and losers in this environment,' bond fund manager says

Alphabet, Amazon, Meta, Microsoft, and Oracle are spending billions to fund the AI buildout—but overinvestment risk means there will be “winners and losers,” said Pimco’s chief investment officer.

Fortune

Gen Z is hacking the exorbitant costs of live events by ditching Coachella and opting for something actually affordable. Meet Breakaway

Breakaway Music Festival tickets can cost as little as $40 for a college student, but pack the same punch as other festivals with major artists like Kygo and Tiesto.

Fortune

The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong

Is AI taking jobs? Or are companies cutting jobs to pay for the enormous capex outlays on AI?

Fortune

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Fortune

Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Fortune

Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing so

“Unfortunately, the tech bros, who are obviously advocates of this, are at the same time pushing for smaller government,” Stiglitz told Fortune.

Fortune

Palmer Luckey says Silicon Valley has the Pentagon all wrong: ‘Stick to a position that this is in the hands of the people’

Luckey said that allowing tech companies to decide how to use AI effectively transfers power from the U.S. government to corporations.

Fortune

OpenAI investor Vinod Khosla believes AI will be able to do 80% of all jobs by 2030. Here’s how life could be affordable after mass unemployment

The Silicon Valley billionaire foresees a deflationary economy—but also free health care and education, along with a tax overhaul.

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Fortune

February was the biggest month in venture history, thanks to OpenAI, Anthropic, and Waymo in particular

Startup funding surged to a historic $189 billion in February, driven almost entirely by three AI mega-rounds that captured 83% of the total.

Fortune

Silicon Valley investor Vinod Khosla predicts education will be free, and the future of college is ‘a real question’

The billionaire VC says AI raises questions about how we value expertise.

Fortune

A Minneapolis Fed report details how much Trump’s immigration crackdown hurt businesses and workers: ‘There are not any people to hire’

“We are hiring now to replace these workers or get more reliable alternatives, but there are not any people to hire.”

Fortune

CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP

In the past year, tariffs were, at least partly, responsible for 166,000 lost blue-collar jobs and $1,700 in annual increased costs for American households.

Fortune

Eric Schmidt: big tech should power its own AI ambitions

Tech leaders should respond to the momentum coming from the White House.

Fortune

How the war in Iran could ‘bring down the economies of the world’ by cutting off its energy supply

One of the most important names in the global natural gas trade says the war will send a “chain reaction” rippling through the world.

Fortune

Bitcoin dives again after disappointing jobs report, ending midweek rally

The recent bullish sentiment around the currency quickly evaporated amid fresh uncertainty.

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