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The Latest Breaking News from Fortune

Klook cofounder Ethan Lin thinks the U.S. can help grow one of Asia's largest travel platforms

"The U.S. is actually one of our largest markets, especially as Americans are taking a growing interest in APAC destinations."

Fortune

IBM shares plunge 25% after CEO admits company fell behind

The impact on IBM is double,” Constellation Research’s Holger Mueller told Fortune, saying that IBM’s data really “shows the AI pull.

Fortune

LAPD was one of Flock Safety's biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’

The department recently announced it would not renew its contract due to how Flock collects and shares data.

Fortune

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Chipotle Is trying to take over Mexico through its softest border town

Dominos was “an affront to Italian culture, bastardizing pizza beyond belief,” Jeffrey Pilcher told Fortune about Domino’s, but not Chipotle in Mexico. “I don't think that's quite the same thing.”

Fortune

It's now cheaper to buy a new home than a used one, thanks to builder incentives and baby boomers who don't want to sell on the low

There are deals to be had in the housing market right now as home builders offer incentives to move more inventory.

Fortune

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP…

Fortune

Is your AI really working? Why productivity isn't the same as progress

One question I hear repeatedly from Fortune 500 executives is: "If AI is making our teams more productive, why doesn't the business feel any faster?"

Fortune

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Kleiner Perkins, John Doerr, and UCSF Health think healthcare AI has been built all wrong

UCSF Health is teaming up with Kleiner Perkins and Doerr Capital on a new accelerator that puts founders inside one of America's leading health systems before they build.

Fortune

He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis

Monumental founder Salar al Khafaji is bringing his fleet of autonomous bricklaying robots to the U.S. this year, backed by a new Khosla Ventures-led round.

Fortune

A year after Fred Smith's death, FedEx's CEO charts his own path

Also: All the news and watercooler chat from Fortune.

Fortune

Billionaire Richard Branson says copying his 5 a.m. morning routine won’t make you successful—and will just cause ‘more burnouts than breakthroughs’

Billionaire Virgin boss Richard Branson wakes up at 5 a.m. and drinks 20 cups of tea. And now he's 'worried' people think it’s the secret to success.

Fortune

Meet Apurva Shrivastava: How this MIT graduate turned missed calls into billion-dollar AI business worth over Rs 8,300 crore

Apurva Shrivastava's childhood experiences inspired him to co-found the AI startup Avoca, which answers customer calls for home service businesses. Its AI voice agents can book appointments, manage schedules and follow up on pending quotations. The startup is now valued at $1 billion, with its success rooted in solving a…

The Economic Times

An SEC email address mix-up is causing confusion and threatening to disrupt its proposal to scrap quarterly reporting requirements

The SEC has received more than 66,000 comment submissions on the controversial rule, and now, claims that there may have been a typo in the email address published in the Federal Register, could cause big headaches.

Fortune

A new FCC proposal could spell the end of the burner phone

Burner phones may be a thing of the past as a new FCC proposal will require carriers to collect a customer's name, address, ID number, and alternate phone.

Fortune

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Fortune

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

Buffett is directing his fortune to charitable organizations run by his family instead of the Gates Foundation.

Fortune

Ramp's billionaire CEO ignores résumés and Ivy League degrees—he's more interested in engineers who built Minecraft servers as teens

Eric Glyman looks for "proof of work" over pedigree, an approach that echoes how Elon Musk staffs SpaceX and Tesla.

Fortune

Goldman economist offers a reality check on AI adoption: it took 15 years for computers to really show up in the data

Elsie Peng's research draws an uncomfortable parallel to the PC revolution: productivity gains took 15 years to materialize last time.

Fortune

JPMorgan CEO Jamie Dimon says he’s eyeing up book deals and teaching gigs when he steps away from his decades-long career at the banking giant

JPMorgan’s Jamie Dimon has revealed he could become a teacher after he steps down, following in the footsteps of Microsoft’s Steve Ballmer.

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news in one place.

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Fortune

SpaceX and Amazon look like tech twins—but their financials tell a very different story

A new Fortune report examines why investors are giving SpaceX an Amazon-style valuation.

Fortune

MassMutual CEO says Americans' share of the U.S. debt is going up $10 a day

Also: All the news and watercooler chat from Fortune.

The Economic Times

He learned one lesson at his family's Michigan business. Now it's a $1 billion AI startup

Apurva Shrivastava, an Indian-origin entrepreneur who studied in MIT, founded Avoca after observing missed customer calls. This AI startup now helps home service businesses avoid lost sales and revenue. Apurva Shrivastava grew up in Michigan and helped his parents in their business, from where he originated the idea of Avoca.…

Fortune

'We are driving in the fog': Hundreds of economists admit they're flying blind on AI

Will AI take your job, or is it a bunch of hype? We must act now to understand what's out there, over 200 economists and 16 Nobel laureates say.

The Independent UK

Rupert Murdoch’s estranged son could make nearly $7.5 billion from investing in Musk’s SpaceX: report

James Murdoch bought three tranches of shares in SpaceX, according to one report

Fortune

TIAA’s CEO shares her advice for separating personal identity from professional title

"I rent my title. I own my character," TIAA CEO Thasunda Brown Duckett recently told Fortune

Fortune

The escalating U.S.–Iran war is rewriting the CEO playbook again

Also: All the news and watercooler chat from Fortune.

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