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The Latest Breaking News from Fortune

The future of AI is too important to be decided behind closed doors. There is a better way

IBM, Meta, and others are launching an AI alliance in the wake of OpenAI's drama.

Birkenstock’s shares have finally beaten its IPO price—but the class of 2023 is struggling to forge ahead despite market rally

Birkenstock’s shares have finally beaten its IPO price—but the class of 2023 is struggling to forge ahead despite market rally

Birkenstock's shares has crossed its IPO price of $46 just days after matching it.

Tech dominates the Fortune Future 50 list as ‘long-term growth potential of the sector is alive and well’

Tech dominates the Fortune Future 50 list as ‘long-term growth potential of the sector is alive and well’

Along with growth, the companies are on the road to providing outsize returns for shareholders in the long term.

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Nobel Prize-Winning Economist Says Generative AI Could Create A 4-Day Workweek

According to Christopher Pissarides, a shorter workweek will not necessarily result in a loss in pay.

International Business Times UK

IBM, Meta and more than 50 others launch alliance to challenge dominant AI players

The bullied are fighting back. Against whom? “You know who,” Darío Gil, an IBM executive, told Fortune.

Millennials are the most housing-obsessed generation, BofA survey shows—it's a sign the prosperity of the boomers has bypassed them

Almost 60% of millennials think homeownership is more important now than during their parents' generation.

Can billionaire VC Joshua Kushner mix kindness with capitalism?

The Thrive Capital founder has built his brand around unwavering support for founders—including the embattled Sam Altman of OpenAI.

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Booming eldercare industry, dizzying choices: 5 things to keep in mind when choosing a retirement home for Mom or Dad

Booming eldercare industry, dizzying choices: 5 things to keep in mind when choosing a retirement home for Mom or Dad

What’s the difference between a retirement home and a nursing home? If you're not really sure, you're not alone.

Older millennials are ‘feeling the hit’ in this housing market, BofA finds—and a lot of it has to do with student debt

Older millennials are ‘feeling the hit’ in this housing market, BofA finds—and a lot of it has to do with student debt

The housing market is uneven, according to the Bank of America Institute, and millennials 35 and older “face a bigger financial burden.”

Andreessen Horowitz is adding major California pension funds to its LP base for the first time, records show

Andreessen Horowitz is adding major California pension funds to its LP base for the first time, records show

A16z has raised $400 million from CalPERS for a new fund, and it is seeking at least one investment from CalSTRS.

Why residential conversions can’t save commercial real estate

Why residential conversions can’t save commercial real estate

Despite return-to-office mandates, occupancy still suffers from a high vacancy rate of 13.3%.

Why the League's founder sold to Match Group

Why the League's founder sold to Match Group

Amanda Bradford has found freedom in running her app like an employee, not an owner.

More than half of the world’s largest companies don’t have a chief sustainability officer. Here’s the proof they’re missing out

More than half of the world’s largest companies don’t have a chief sustainability officer. Here’s the proof they’re missing out

Research found that chief sustainability officers (CSOs)–or equivalent roles–do not exist at more than half of Fortune Global 500 companies.

How SLB is trying to reinvent itself for to weather climate change

How SLB is trying to reinvent itself for to weather climate change

The rebranding has been a way for SLB to navigate opposition to fossil fuels.

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Luxury property billionaire might have seen his fortune become completely worthless overnight after his firm filed for insolvency

Billionaire real estate mogul Benko has reportedly been trying to sell his yacht amid the collapse of his property empire.

Starbucks founder Howard Schultz: 'You can do right by your people and your shareholders at the same time'

The American Opportunity Index from the Schultz Family Foundation highlights exactly that.

The Future 50: Companies built for growth in uncertain times

Generative AI and the green-energy transition should boost these companies—and their investors—in the years ahead.

This Astronaut got rejected from NASA three times, but has a message for everyone about grit: ‘One in a million is not zero'

Mike Massimino set records in space travel, but his decade-journey to NASA taught him much more about how to live.

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These nine successful CEOs all played sports growing up

As it turns out, the very same skills which are valued on the pitch are also highly desirable on the c-suite.

Amazon’s big bet on Anthropic looks even more important after the OpenAI drama

Big Tech cloud providers are racing to arm themselves in the generative AI chatbot wars.

Nobel Prize-winning economist weighs in on how ChatGPT-like tools are transforming the future of work—1 year since its launch

Chris Pissarides cautions that it will require other factors including greater tech investment and supportive policies before society reaps AI's benefits in earnest.

Forget the ‘tripledemic.’ The U.S. is headed for a ‘syndemic’—and experts warn we’re not prepared

The U.S. health care system is a “sitting duck” in the face of a coming cluster of winter epidemics, one expert told Fortune.

Tiger Global markdowns include massive cuts to Bored Ape Yacht Club and OpenSea

The noted VC firm slashed its valuations of the crypto stalwarts even as the sector is seeing something of a resurgence.

Williams Sonoma CEO—who conceived of Pottery Barn Kids—hunts for more new revenue streams

Laura Alber, the Fortune 500's longest-serving female CEO, is confronting a slowdown in consumer spending.

FedEx’s boom and slump is partly just a COVID distortion, says CEO Raj Subramaniam

“If there was no pandemic, the trend [would] be kind of okay,” Subramaniam said at the Fortune Global Forum in Abu Dhabi.

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