Business
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The man behind Claude Code says you’re comparing AI costs to the wrong thing
Good morning. Five years after its founding, Anthropic is preparing for what could be one of the largest IPOs in history. Its coding agent, Claude Code, is already generating an annualized revenue run rate exceeding $2.5 billion. At the Fortune Brainstorm Tech conference in Aspen on Monday, Boris Cherny, the architect behind Claude Code, made…
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Jenn Landis rebuilt Citi’s Wall Street credibility. Her reward: CFO of a $22 billion business
Good morning. Jenn Landis always knew she’d want to return to a CFO role. After spending the past five years rebuilding investor confidence in Citigroup as head of investor and rating agency relations, Landis is getting that opportunity. Last week, Citi named her CFO of its Markets business that generated approximately $22 billion in revenue…
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AI disruption arrived 6 years early—now executives are drawing the line
Good morning! Three years ago, Cisco piloted an AI agent designed to analyze employee communications and diagnose the root causes of workplace conflict. It never made it out of the test phase. Why? “We believe that’s a conversation that a leader needs to have,” said Francine Katsoudas, Cisco’s chief people, policy, and purpose officer, at…
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The CEO question that stumped a room full of COOs
One of the more striking moments at this year’s Fortune COO Summit came when Dennis Woodside, the CEO of Freshworks and a former COO of Dropbox, asked the room a simple question: Who wants to be a CEO? Not many hands went up. Woodside found that surprising. His view, he told the crowd, is that…
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Snowflake CEO says there’s a big myth at the heart of every org chart
In today’s CEO Daily: Snowflake CEO Sridhar Ramaswamy on building a team in the AI era. The big leadership story: How to justify SpaceX’s expected market cap. The markets: Down big in Asia as the Iran ceasefire frays. Plus: All the news and watercooler chat from Fortune. Good morning. What does it mean to be…
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Serena Williams’ secret to success is about more than talent: You have to grind ‘every day’
It’s an old adage that practice makes perfect—something tennis star Serena Williams knows all too well. She echoes the sentiment that success requires constant dedication, and she reflects that philosophy in her athletic and business endeavors; persistence and determination are winning traits for sweeping a match, or leading an entrepreneurial venture. And she’s proving that the…
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Gen Z is ditching college for ‘more secure’ trade jobs—but boilermakers and welders actually rank among the worst entry-level jobs
Trade jobs are having a moment. Touted as the smarter, safer alternative to “irrelevant” overpriced degrees and entry-level white-collar jobs (which tech CEOs warn could soon be swallowed by AI), traditional manual work like welding, plumbing, and carpentry is experiencing a resurgence among Gen Z. Around 78% of Americans say they’ve noticed a spike in…
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OpenAI CFO: Not knowing AI tools like Codex is now a dealbreaker for finance hires
Good morning. OpenAI CFO Sarah Friar says AI tools like Codex are now becoming a baseline expectation in finance hiring, as the company works to secure enough computing power to meet rapidly rising demand. Speaking at the Liquidity Summit 2026 this week, Friar said the way OpenAI evaluates talent is changing alongside the technology it…
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Can unions power the AI economy? AFL-CIO’s Liz Shuler thinks so
In today’s CEO Daily: AFL-CIO president Liz Shuler on why business leaders must work with labor The big leadership story: Melinda French Gates hikes her total investment in women’s health to $600 million The markets: Asian markets drop as investors grow wary of tech Plus: All the news and watercooler chat from Fortune. Good morning.…
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Why SpaceX is breaking the IPO playbook with a $75 billion fixed-price offering
Good morning. Elon Musk is taking SpaceX public his way. Rather than following the Wall Street convention of setting a price range ahead of the IPO marketing process, SpaceX priced its offering at a single fixed price of $135 per share, a move that signals confidence in demand but is raising eyebrows among market watchers.…