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The Latest Breaking News from Fortune

Experts say Amazon is playing the long game with its potential $10 billion OpenAI deal: ‘ChatGPT is still seen as the Kleenex of AI’

“If OpenAI wins the lottery, then they’d have the money to pay for this,” analyst Charles Fitzgerald said.

Fortune

Gen Z’s reality check: Birkin resale prices slump as aspirational luxury takes a hit

Once touted as a better investment than gold, the prized Birken bag no longer has the same COVID-era appeal at auction, Bernstein data shows.

Fortune

Netflix co-CEO faces the $100 billion question: ‘Why are you doing this deal?’

“Hey, you know, it’s probably irresponsible for us not to actually bid on this and bid on it in a disciplined way,” Greg Peters told CNBC.

Fortune

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Exclusive: Hudson stores operator Avolta becomes first foreign company to open duty-free shops in Mainland China in 26 years

The Chinese government has been courting foreign retail companies in recent years.

Fortune

Sheryl Sandberg says Silicon Valley’s hypermasculine rhetoric is ‘terrible’—contributing to ‘one of the worst’ corporate climates she’s ever seen

“We’ve seen this backsliding before, and that is not an excuse for companies not to do the right thing,” Meta’s former COO said.

Fortune

Tariffs take a bite out of mom-and-pop stores as small business profit growth turns negative for first time in 18 months, BofA says

The NFIB survey never saw such a big jump in small businesses raising prices as it did between October and November.

Fortune

The Trump administration says it could go after Spotify if Europe doesn’t back off American tech companies

The Trump administration is threatening the EU over rules targeting tech companies, warning it would use “every tool at its disposal” to counter them.

Fortune

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How Amazon’s CSO defends against efforts by North Korean IT workers to infiltrate his company

Amazon has seen an increase in North Korean IT workers attempting to get jobs at the tech giant, schemes motivated by lucrative salaries in AI.

Fortune

The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says

Welcome to "the new norm": interest payments over $1 trillion every year from here on out, to service the large and growing national debt.

Fortune

Britain’s defense chief calls on Gen Z grads leaving university to skip corporate jobs and join the military as war with Russia becomes a growing risk

The U.K. Chief of the Defense Staff Sir Richard Knighton urged college-degree holders to enter the arms industry. The government’s $66.7 million investment in speciality defense tech schools could help the growing cohort of jobless Gen Z find employment.

Fortune

Red Lobster CEO Damola Adamolekun says the key to being a better leader is being a better person: ‘Leadership is self-improvement’

“The problem is most people are sensitive, and they don’t want to be criticized,” he said.

Fortune

James Cameron is now a billionaire. The boomer college dropout worked odd jobs like truck driving before making his big break with films like Avatar

Avatar director James Cameron turned to odd jobs to pay the bills while training to be a filmmaker. Now he joins Steven Spielberg and just three other filmmakers in the billionaires club.

Fortune

In a frozen luxury housing market, buyers are asking to ‘try before they buy’ and having sleepovers in multimillion-dollar mansions

Sellers are trying new tactics to get the most money for their homes.

Fortune

Klarna CEO says he feels ‘gloomy’ because AI is developing so quickly it’ll soon be able to do his entire job

“My work to me is a super important part of who I am,” Sebastian Siemiatkowski said.

Fortune

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Fortune

The AI layoff wave is just beginning — and it’s by design

Conventional wisdom would tell you a booming stock market should create more jobs, not fewer. But it’s hard to ignore that there are larger forces at play.

Fortune

Amazon’s ride-hailing exec wants to move people around in robotaxis: ‘If you’re with friends it’s dramatically more social’

According to Zoox cofounder Jesse Levinson, Amazon’s robotaxi subsidiary could have a “profoundly huge” market of people simply wanting to travel around cities.

Fortune

Warner Bros. shareholders were ‘consistently misled’ by Paramount, board says in rejection letter: There’s no Ellison family backstop, and never was

Jilted Paramount CEO David Ellison painted a picture of no engagement from WBD. That’s simply not true, according to the Warner Bros. board.

Fortune

CFO confidence rebounds, but delivering AI’s value is the next test in 2026

Deloitte’s Q4 survey finds finance chiefs are making strides in navigating uncertainty.

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Fortune

Silicon Valley millionaire Bryan Johnson says he'll make humans immortal by 2039—he just needs to sort out ‘buggy’ issues like ‘mistakenly causing cancer’ first

Silicon Valley millionaire Bryan Johnson says immortality in less than 15 years is a “reasonable target” thanks to AI, scientific breakthroughs and his own Blueprint routine

Fortune

Databricks CEO Ali Ghodsi on where AI is most bubbly and how the company settled on its $134 billion valuation

On Tuesday, Databricks announced it had raised more than $4 billion at a $134 billion valuation for its Series L.

Fortune

Enough red flags are emerging in U.S. data to justify ‘insurance’ rate cuts next year, says UBS

“There are probably enough concerns about the health of the labor market to justify an insurance rate cut by the Federal Reserve next year,” UBS’s Paul Donovan said.

Fortune

Quantum computing could be a $198 billion industry in the next 15 years, Jefferies analyst says

The downside is that the physics and engineering needed to make quantum computers work have only just moved out of the theoretical realm and into reality.

Fortune

Why more boards are taking a chance on outsider CEOs

Also: All the news and watercooler chat from Fortune.

Fortune

Factory 2030 runs on more than code. As a CEO, I see the power of agentic AI—and the trust gap that we must close

Autonomous systems often make headlines. But on the factory floor, the real goal is reliability. And that means keeping humans involved.

Fortune

'Robots are going to be amongst us': Qualcomm exec says buckle up for the next 5 years. Your car is going to be the first shoe to drop

Driver-assisted technology demand is growing for AI features like hands-free highway assist.

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