Business
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Bolt’s cofounder scrapped its HR department. This CEO says people management is key to thriving in the AI age
In today’s CEO Daily: The debate is raging over how to manage humans in the AI era. The big leadership story: Deep cuts at Meta The markets: In the black as investors remain upbeat about AI. Plus: All the news and watercooler chat from Fortune. Good morning. For companies leaning into AI, what’s the value…
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Intuit CFO on why the company is simplifying its structure
Intuit beat expectations across nearly every major metric in its third quarter. But the company also announced it was cutting roughly 17% of its workforce. For the quarter ended April 30, the maker of TurboTax, QuickBooks, Credit Karma and Mailchimp grew total revenue 10% to $8.6 billion and non-GAAP diluted earnings per share 10% to…
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The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars
In today’s CEO Daily: Unpacking SpaceX’s IPO prospectus. The big leadership story: Inside Microsoft’s plan to make up the ground it’s lost in the AI race. The markets: Mixed globally as investors digest Nvidia’s latest earnings. Plus: All the news and watercooler chat from Fortune. Good morning. How much faith do you put in Elon…
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How 8,000 robots are changing work inside logistics giant DHL Supply Chain
Sally Miller, the global chief information officer at DHL Supply Chain, has deployed more than 8,000 robotics systems across the logistics provider’s global sites, an investment in automation that has cut costs, lowered employee turnover, boosted workplace satisfaction, but also, fewer jobs. “Does it reduce our dependency on labor? Yes, it does,” says Miller. “If…
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Indeed chief economist says execs are ‘overestimating the speed’ of AI transformation in the labor market
Good morning. AI may be dominating boardroom conversations, but a handful of giant employers are driving AI hiring in the U.S. “I think we’re overestimating the speed at which we’re going to see this transformation,” Svenja Gudell, chief economist at Indeed, said on Tuesday to a room of executives during a panel session at the…
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CEOs are handing out AI tokens like paychecks—and figuring out how to justify the spend
In today’s CEO Daily: On the front lines of tokenomics The big leadership story: Performance reviews aren’t keeping up with technological change. The markets: Mixed globally as investors await Nvidia’s earnings. Plus: All the news and watercooler chat from Fortune. Good morning. Earlier this week, I got a message from a colleague in IT, who…
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Will the future of work for Gen Z include space? Tech leaders predict space work and travel could be just a decade away
As entry-level jobs disappear into thin air for Gen Z, the secret to finding an AI-proof job may lie in space. Billionaires Sam Altman, Elon Musk, and Jeff Bezos are all bullish that mainstream space travel is on its way—and college graduates could be headed to Mars within the next decade. In some regards, young…
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$30 billion Twilio CEO wakes at 4:30 a.m., works Sundays and runs laps around his house between meetings to blow off steam
EXCLUSIVE: Forget work-life balance. Twilio CEO Khozema Shipchandler starts checking his emails at 4:30 a.m, is on the job until 9 p.m. and runs laps around the house to blow off steam in between. “The gap that I allow for me to not think about work is six to eight hours on Saturdays,” the Gen…
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CFOs could cut agentic AI costs up to 60% by fixing this overlooked data problem
Good morning. In the race to deploy AI agents, many companies are overlooking a costly problem hiding in plain sight: data without context. Companies that prioritize semantics in their AI-ready data will improve agentic AI accuracy by up to 80% and cut costs by up to 60% by 2027, according to new research released at…
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ESG may be fading—but moral leadership isn’t
In today’s CEO Daily: Leaders rethink moral leadership for the AI age. The big leadership story: Elon Musk loses his OpenAI case. The markets: Mixed as Trump delays a strike on Iran. Plus: All the news and watercooler chat from Fortune. Good morning. I first met Dov Seidman in 2007 when he published a book…