Newsletters
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China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs
Nicholas Gordon, Fortune’s Asia editor, filling in for Allie Garfinkle. Hong Kong is back. IPOs in the Chinese city raised almost $14 billion in the first quarter of the year, a jump of almost 490% year-on-year. That number keeps Hong Kong at the top of the world’s IPO league tables, building on last year’s stellar…
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What the latest search for Satoshi means for the crypto industry
My heart sank last week when I woke up to discover that The New York Times had “identified” Satoshi Nakamoto. I was less worried about the impact on the market than I was about the flood of well-meaning “Hey, did you see they found the inventor of Bitcoin” texts and emails I would soon be…
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WeWork’s latest comeback bet fits inside a phone booth
In today’s CEO Daily: Diane Brady reports on a new product from a slimmed-down WeWork. The big leadership story: An AI push didn’t spare Intuit from the SaaSpocalypse. The markets: Mostly down as optimism for a Iran peace deal fades. Plus: All the news and watercooler chat from Fortune. Good morning. I’ve long been fascinated…
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26% of CEOs think the greatest threat to their job security is their own CFO
Good morning. CEOs depend on their CFOs more than ever. And fear them more than ever, too. Under mounting pressure from nearly every direction, many chief executives now view their closest strategic partner as a potential threat to their job security. That’s one of the key findings of the inaugural BCG CEO Insomnia Index, based…
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Defense executives worry Trump’s proposed military splurge could backfire
In today’s CEO Daily: Diane Brady checks in with defense leaders about the military spending hike Trump has requested. The big leadership story: The fallout from the Iran conflict is still taking shape. The markets: Up aside from U.S. futures as investors digest Strait of Hormuz uncertainty. Plus: All the news and watercooler chat from…
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What Anthropic’s too-dangerous-to-release AI model means for its upcoming IPO
Anthropic has a new product with a major catch—it’s too powerful to be released. For a company valued at around $380 billion and reportedly preparing for an IPO this year, it’s an unusual stance—but one that could pay off in the long run. The new AI model is called Claude Mythos, and it’s the first…
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Even Nvidia’s own research teams can’t get enough GPUs amid the race for AI computing power
Welcome to Eye on AI, with AI reporter Sharon Goldman. The pro-Iran meme machine trolling Trump with AI Lego cartoons…Amazon’s Andy Jassy defends Amazon’s $200 billion spending spree…OpenAI pauses Stargate U.K. data center, citing energy costs. It’s been another one of those wild weeks in AI, with Anthropic electing not to release its new Claude…
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ARK Invest is betting on underdog drone delivery company Manna to beat out Alphabet and Zipline
Bobby Healy is at peace with his drone delivery enterprise being unsexy. “Think of us like a low-cost airline,” the Manna CEO told Fortune. That pitch just landed him $50 million. Manna, the Irish drone delivery startup, closed a Series B this month backed by ARK Invest—Cathie Wood’s firm, known for early investments in OpenAI,…
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Why CEO Michelle Gass is thriving at Levi’s after stumbling at Kohl’s
In today’s CEO Daily: Fortune’s Phil Wahba interviews Levi’s CEO Michelle Gass. The big leadership story: Energy experts fret over the outcome of the Iran ceasefire. The markets: Down globally as Iran accuses the U.S. of violating the two-week truce. Plus: All the news and watercooler chat from Fortune. Good morning. Yesterday, I chatted with…
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Amid the ‘SaaSpocalypse,’ CIOs and CTOs take a harder line with their vendors
Allegra Driscoll, the chief technology officer of Bread Financial, has a few ground rules when engaging with software vendors about generative AI capabilities. No agreements beyond one year, given the rapid pace of change. There will be times when she’ll double-spend on two vendors with similar capabilities if the use case is a priority and…