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The Latest Breaking News from Fortune

‘Doubts around the AI revolution are emerging,’ BofA says, as the market sees a ‘double-edged sword’ that could ‘cannibalize’ profits

Instead of boosting corporate revenues, AI might actually destroy them, as AI infrastructure projects look dangerously stretched.

Fortune

Nobel economist warns a dearth of blue-collar jobs is among the biggest threats to the U.S. economy—and they fell by more than 100,000 last year

Joseph Stiglitz said President Donald Trump’s efforts to reshore manufacturing jobs through tariffs was not successful.

Fortune

3 Reasons Disney World Has Become Unaffordable for the Middle Class

When did it become so expensive to visit the most magical place on earth? Here are three reasons Disney World has become unaffordable for the middle class.

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Amazon dethrones Walmart as No. 1 on the Fortune 500. There's a big upside to their rivalry

Also: All the news and watercooler chat from Fortune.

Fortune

Royal Caribbean's CEO is using AI to predict how many hamburgers you'll eat—and to compete with Orlando, Vegas and Taylor Swift

"We're massive users of AI in a non-creepy way," Royal Caribbean CEO Jason Liberty told Fortune.

Fortune

Sam Altman and Dario Amodei refused to hold hands at an AI summit weeks after OpenAI and Anthropic clashed in a tense Super Bowl ad war

An uncomfortable photo op exposed how a one-time partnership has transformed into one of Silicon Valley’s most consequential AI feuds.

Fortune

‘I’m deeply uncomfortable’: Anthropic CEO warns that a cadre of AI leaders, including himself, should not be in charge of the technology’s future

Dario Amodei, who left OpenAI before founding Anthropic, has been outspoken about the need for greater AI regulation.

Fortune

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Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.

Fortune

Bill Gates is shrinking his $132 million Xanadu compound amid sudden public withdrawal and Epstein revelations

Melinda French Gates told Fortune in 2008 that parts of the property were “a bachelor’s dream and a bride’s nightmare.”

Fortune

Walmart exec says it’s ‘unfortunate’ that other companies are slashing workforces in the name of AI—it’s offering training to 1.6 million workers instead

Trillion-dollar retail giant Walmart says it’s not using AI to slash headcount. Instead, it’s providing workers with free access to Google AI training.

Fortune

MacKenzie Scott’s historic $20 million donation to a community college is now mired in controversy amid ongoing investigation

Santa Barbara City College’s board of trustees has launched an internal investigation over an unauthorized use of Scott’s donation.

Fortune

Trump’s tariffs are a ‘dirty tax’ that will make the $38.6 trillion national debt crisis even worse over the long term, top analyst says

“The idea that this is pro-American is actually just the opposite,” Wharton’s Kent Smetters told Fortune. “It hurts American manufacturers.”

Fortune

From mom-and-pops to Goldman Sachs, Jesse Jackson’s vision for American business sparked a revolution

The civil rights leader, whose dealmaking skills pushed Wall Street to invest in minority-owned businesses, died on Tuesday.

Fortune

Exclusive: Just 5% of workers have this skill, according to Google, and they’re 4.5 times as likely to have a higher salary

The C-suite is pushing for AI productivity gains, but less than half of all workers are using the technology—or getting the proper training, according to a new Google report.

Fortune

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Fortune

More CFOs are getting the top job—but can they keep it?

AI is now the wildcard for both reaching the CEO role and staying there.

Fortune

Exclusive: Badge raises $17 million to chase the next era of digital wallets

Badge has raised $17.1 million in funding, Fortune has exclusively learned. The company’s backers include Stripe.

Fortune

This Fortune 500 CEO says 'lean manufacturing'—Toyota's famous management philosophy—is a prerequisite for leveraging AI

Also: All the news and watercooler chat from Fortune.

Fortune

Bill Gates has pulled out of India’s AI summit amid questions over his ties to Jeffrey Epstein

The Microsoft founder’s abrupt withdrawal, amid renewed scrutiny over his ties to Jeffrey Epstein, capped a chaotic few days for an event already dogged by cancellations, a robot scandal, and traffic gridlock.

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Fortune

Deutsche Bank asked AI how it was planning to destroy jobs. And the robot answered

It’s like looking into a crystal ball, or being told by your predator exactly how you’ll be consumed.

Fortune

Buffalo Wild Wings wins legal debate after a customer discovered his boneless wings contained no real wing meat at all

A judge ruled in favor of Buffalo Wild Wings for a March 2023 case, saying the customer’s argument “has no meat on its bones.”

Fortune

Shocked Zillow CEO says even senior hires don’t do their homework for interviews: ‘They’re asking pretty basic questions that you could answer in 10 minutes on Google’

Zillow CEO Jeremy Wacksman says it “still surprises” him when executive-level candidates haven’t done their homework.

Fortune

OpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history

The AI talent war is pushing ChatGPT creator OpenAI to give out millions in equity compensation to its 4,000 employees. Meanwhile, its boss, Sam Altman, has zero equity and just a $76K salary.

Fortune

Exclusive: Bain and Greylock bet $42 million that AI agents can finally fix cybersecurity’s messiest bottleneck

Cogent Security boasts an all-star AI team—and is promising to close the gap between finding software flaws and actually fixing them.

Fortune

Exclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund

Frist Cressey Ventures has raised its $425 million fourth fund, Fortune has exclusively learned.

Fortune

Trump is ‘dumb as a fox,’ master of ‘the wall of sound,’ and never above ‘the last resort of scoundrels’: Yale scholar breaks it down in new book

“We know from mythology and science across centuries and cultures that even foxes can get outfoxed on occasion,” Yale’s Jeffrey Sonnenfeld told Fortune.

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