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The Latest Breaking News from Fortune

Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison

Keith Snyder at CFRA can’t justify SpaceX’s $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn’t support.

Fortune

New Mexico is in a historic drought. Oracle and OpenAI designed their newest data center with that in mind

New Mexico lost 209,000 acres of forest to drought and insects last year. Now a data center may pull millions of gallons of water from the same area.

Fortune

Robert Smith, CEO of Vista Equity Partners, makes plea to businesses adopting AI: ‘Don’t destroy your intern program’

Robert F. Smith, who has made a career in technology, said young people must be part of companies’ workforces.

Fortune

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Silicon Valley legend Vinod Khosla tears into ‘idiotic, shortsighted, and very selfish’ Gen Z Stanford protests of Google CEO: ‘The stupidity’

When hundreds of Stanford graduates walked out on Google CEO Sundar Pichai, Vinod Khosla didn’t hold back about the students at his alma mater.

Fortune

BYD wants to become the world’s largest automaker. Stella Li is taking that pitch on the road

Stella Li has driven BYD’s rapid transformation into the world’s largest EV maker, spearheading its global expansion across Europe, Asia, and Latin America.

Fortune

This tech CEO fired 80% of his workforce over AI resistance

IgniteTech's CEO said the AI adoption is failing due to workforce reluctance to embrace the technology.

Fortune

Exclusive: The researchers who built AI-generated DNA just raised $50 million to reinvent biology

Radical Numerics is betting that the future of biodefense and AI drug discovery lies in understanding entire biological systems—not just individual molecules.

Fortune

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Trump says U.S.-Iran peace deal is done, but questions still loom

Also: All the news and watercooler chat from Fortune.

Fortune

A warning from Amazon led the White House to shut down Anthropic's Mythos model

Amazon's CEO raised the alarm about a jailbreak in Anthropic's Fable 5 model, triggering an unprecedented export control order and a fresh clash with the White House.

Fortune

AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits

Many don’t apply because they don’t believe they will be eligible for benefits.

Fortune

Kevin O’Leary says being liked has nothing to do with success—Steve Jobs taught him: 'You can't worry about whose feelings you bruise'

The multimillionaire investor told Fortune he learned from working with the late Apple CEO embracing a “founder’s mindset” involves tough love. “You're going to fail for sure” if you worry about being liked.

Fortune

Gen Z grad landed an internship by wearing her university baseball cap to her pizza joint job. Now she works at Cisco

“I decided to resort to unusual networking methods,” says Ayala Ossowski, who recited an elevator pitch to pizza restaurant customers.

Fortune

A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk's trillionaire SpaceX wealth

SpaceX's record IPO made Musk a trillionaire—and created a wealth-management challenge no advisor has ever faced.

Fortune

Middle-aged adults taking GLP-1s for obesity can save $192K+ on lifetime medical costs, more if they don’t have college degrees, new study finds

The National Bureau of Economic Research paper's lead author hopes putting a dollar value on the benefits of GLP-1s will lead to better access

Fortune

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Fortune

Melinda French Gates has some advice for new IPO billionaires

SpaceX, OpenAI, and Anthropic IPOs are about to mint a new generation of millionaires and billionaires—who will have to decide what to do with their money.

Fortune

The ‘AI superstar’ CEO behind a self-driving truck unicorn on why she’d rather hire Gen Z making the ‘AI-first’ transformation than industry veterans

Raquel Urtasun, founder of autonomous truck startup Waabi, talks to Fortune about unicorn hiring in the AI age: “Fear can paralyze your ability to embrace that change.”

Fortune

Inside the race to rebuild America’s fuel supply chain for a 'second nuclear age'

A ‘second nuclear age’ looms, but the industry faces a major uranium problem.

Fortune

AI shopping agents are coming. No one is ready for them

Lack of standards around fraud prevention, security, and returns hamper growth of AI agents, experts said at the Fortune Brainstorm Tech conference.

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Fortune

'Buy a ticket for 60 bucks and resell it for $6,000': NYC Mayor Mamdani criticized FIFA's resale market, but his jersey drop created the same thing

The New York City mayor has been very vocal about FIFA's resale market and how ordinary, working class New Yorkers were priced out of a limited supply.

Fortune

Why companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an 'AI hangover'

Building operational AI at scale requires more than just raw algorithmic power, business and tech experts said at Fortune Brainstorm Tech.

Fortune

Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI

The SpaceX CEO envisions a world where robots serve humans, and the output of goods and services will far exceed the supply of money, creating deflation.

Fortune

AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs

Speaking at Fortune Brainstorm Tech, the internet pioneer described himself as a “huge optimist” about AI's benefits but warned that the risks are real and predicted the backlash will play out in the 2028 U.S. elections.

Fortune

Astronaut costumes, teenage crypto millionaires, and a $300 million bet: Scenes from the SpaceX IPO

From a prop trader who bet “a car” to an early investor sitting on $300 million, the sidewalk outside the Nasdaq represented everyone in the AI market.

Fortune

The economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’

“The chamber of dispersion has been opened,” Owen Lamont says. “The beast of volatility has awakened, and the season of chaos is at hand.”

Fortune

Walmart has a message for its 2.1 million workers: AI is going to improve your job, not take it: ‘Technology will power our future’

Walmart is already using AI to design clothes and coordinate trucks—but the $967 billion grocery chain says humans “will lead” the transformation.

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