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The Latest Breaking News from 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.

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

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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

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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.

Fortune

Goldman Sachs scraps DEI criteria for its board as the business case for boardroom diversity only grows more compelling

Also: All the news and watercooler chat from Fortune.

Fortune

Unicorn CEO on the disaster of $1.3 trillion of credit card debt, an all-time high: His fintech wouldn't exist if 'banks had done a better job'

Still, despite everything, the French-American CEO Renaud Laplanche told Fortune, there's a certain unkillable "optimism" to the American consumer.

Fortune

YouTuber Logan Paul cashes in $16.5 million for his rare Pokémon card—more than even he expected. And it proves his point about 'armchair quarterbacks yelling from the sidelines

Social media mogul Logan Paul just set a world record for the most expensive trading card ever sold. He earned a 200% return on his initial investment.

Fortune

As boomer and Gen X bosses retire, working from home will make a major comeback, new research predicts

A new study of 8,000 workers confirms that Gen Z CEOs are set to bring back working from home as they take over—turning today’s office mandates into a temporary blip.

Fortune

Exclusive: Crypto venture firm Dragonfly closes $650 million fourth fund—even as blockchain VCs face ‘mass extinction’

An inside look at the fast-rising firm, from its early Polymarket bet to its mysterious founding partner.

Fortune

Big Tech approaches ‘red flag’ moment: AI capex is so great hyperscalers could go cash flow negative, Evercore warns

“Capex too hot right now,” Bank of America tells clients.

Fortune

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Fortune

New U.S. legislation could upend credit card loyalty programs. The Points Guy founder calls the reckoning un-American

Also: All the news and watercooler chat from Fortune.

Fortune

As baby boomers are forced to 'unretire' because they've not saved enough, 6-year-olds in Germany could soon have retirement accounts

Millions of baby boomers can’t afford to retire. It’s a fate that Gen Alpha in Germany may never have to face under new plans.

Fortune

Blackstone mogul warned of 'urgent need' for AI preparedness—Now he’s turning his $48 billion fortune into a top philanthropic foundation

Stephen Schwarzman is committing his wealth to his foundation, which could become one of the largest in the world.

Fortune

Confronting Asia's growing rate of chronic conditions means tackling cultural issues as much as medical ones

Across the region, health is being defined less by clinical advice and more by social expectations about “what healthy is supposed to look like.”

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news in one place.

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Fortune

The punk rock economist: why the founder of Vans Warped Tour refuses to gouge fans

Kevin Lyman founded Vans Warped Tour 31 years ago and he told Fortune he's thrilled it's back, but "ticket prices have gotten so out of hand."

Fortune

Meet the American spies who helped mammograms save more lives

To help fight breast cancer, a public-health expert recruited the spies whose top-secret work helped find hidden Russian missile bases.

Fortune

Elites are the villains we love to hate. It's American culture's most paradoxical obsession

If you hate the elite so much, why are you so desperate to be seen that way yourself?

Fortune

Meet the grandmother living out of a 400-ft ‘granny pod’ to save money and help with child care—it’s become an American ‘economic necessity’

65-year-old Denise Martin is part of a growing movement of Americans buying affordable tiny homes to live close to family and cut costs—and the trend helps out working parents.

Fortune

Fox News’ Dana Perino’s advice for Gen Z graduates: Stop waiting for the perfect job and just start working

The former press secretary and “The Five” co-host urges Gen Z graduates to stop holding out for perfect roles and start building connections now.

Fortune

Meet Florida Man 2.0: the executive working to replace retirees and Disney tourists with Fortune 500 HQs

"There's a huge gap in what people think about Florida and what actually exists in Florida," Michael Simas, CEO of Florida's Council of 100, told Fortune.

Fortune

Asia's next generation, globally-educated and financially-literate, are taking control of their fortunes

Rich young Asians want to "call the shots" when it comes to their finances, says Maybank's head of wealth management Alice Tan.

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