The Latest Breaking News from Fortune

Leading AI labs only moat is access to capital, top tech analyst says

Benedict Evans told the audience at London's Brainstorm AI that two years into the so-called "model wars" between Big Tech companies, there still doesn't seem to be any "fundamental moat."

Fortune · May 7, 2025

Technological innovation has hinged on science and research funded by the U.S. government. That’s all at risk right now

With the National Science Foundation urging its employees to resign or retire, American innovation is on the line.

Fortune · May 7, 2025

DOGE cuts at IRS are ‘Christmas coming early’ for tax cheats, policy analyst says

Staff reductions have eliminated one-third of the of the IRS staff who collect tax money—with more on the way.

Fortune · May 7, 2025

‘Complete nonsense’ to choose between AI innovation and regulation, says U.K. lawmaker

Lord Chris Holmes of Richmond says AI regulation shouldn't be seen as a trade-off as the the U.K. crafts safety legislation.

Fortune · May 6, 2025

Exclusive: Statsig raises $100 million at $1.1 billion valuation after abandoned Datadog acquisition attempt

Statsig bet on itself. Datadog bought a competitor.

Fortune · May 6, 2025

Hollywood runs a trade surplus and Trump’s tariff idea could jeopardize it

Unlike other trades Trump has sought to protect, the U.S. film industry runs a $15.3 billion surplus—more than that generated by the telecommunications, transportation, healthcare and insurance sectors.

Fortune · May 6, 2025

Exclusive: Bustle Group's Nylon is launching a free, invite-only club for 'young tastemakers' that aims to reinvent media business models

Nylon, the magazine owned by Bryan Goldberg's Bustle Digital Group, is launching a new membership program in late 2025 around a community of tastemakers and influencers.

Fortune · May 6, 2025

Warren Buffett will leave his successor nearly $350 billion in cash—where the money is parked and how it could be used

"We have made a lot of money by not wanting to be fully invested at all times," says Buffett.

Fortune · May 6, 2025

Like Tim Cook and Gen Z, AEG’s top exec eats the same lunch most days and wears the same outfit

Here’s how the entertainment giant’s Gen X president of global partnerships spends his time and money outside of work

Fortune · May 6, 2025

Medical researchers baffled by Trump administration's stop work order on system that makes clinical trials more efficient

“We had taken 15 years to build what was destroyed with a single email, halting vital research across the country.”

Fortune · May 5, 2025