Newsletters
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The crypto industry is obsessed with conferences. The vibe at them is changing
The never-ending cycle of crypto conferences continues this week with the latest installment of Consensus getting underway in Miami. You can argue the industry would be better off if its biggest players spent more time building and shipping than palavering on stage, but, if nothing else, the conference scene is useful as a vibe check.
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VC firm Ethereal has avoided the spotlight for 5 years—now it’s telling its story
Good morning, Jeff John Roberts here. Happy Star Wars Day to those who celebrate. The venture capital crowd, in my experience, is not shy when it comes to telling their story to the media. So it was a surprise to encounter Ethereal Ventures, a firm that has been around since 2021, but has chosen to
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Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks
Good morning. After 34 years in operation, Spirit Airlines is shutting down. Its parent company, Spirit Aviation Holdings, announced Saturday that it had begun an orderly wind-down and canceled all flights. The company said the decision followed unsuccessful efforts to restructure the business, raise capital, and pursue transactions that could strengthen its financial position. It
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How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears
In today’s CEO Daily: Twilio’s CEO on how he brought the company out of a ‘time of real peril’ The big leadership story: Why the U.S. cares about Panama, Gibraltar, and Malacca The markets: A stellar day on the markets as semiconductor and AI stocks surge Plus: All the news and watercooler chat from Fortune.
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The fruit fly cancer researcher who built his first prototype out of lollipop sticks and straws
By the time most of us notice fruit flies, something’s rotting. Or perhaps those fruit flies are crowding a fermenting sourdough starter, or swarming a banana that’s about to become an unwanted mush pile. But, for biomedical scientist Caíque Costa, fruit flies aren’t meant to be swatted—when studied, they’re where cancer breakthroughs may begin. “When
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Brian Niccol’s nascent Starbucks turnaround starts with treating workers better
In today’s CEO Daily: Fortune‘s Phil Wahba reports on the factors behind Starbucks’ budding revival. The big leadership story: Mohamed El-Erian raises recession worries. The markets: U.S. future are up after the S&P 500 hit another record high. Plus: All the news and watercooler chat from Fortune. Good morning. This week brought convincing proof that
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Big Tech will spend nearly $700 billion on AI this year. No one knows where the buildout ends
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition: SoftBank plans to list a new AI and robotics company in the US…AI model’s goblin habit, explained…Putting Google’s AI to the test as a trip planner. If Big Tech’s AI spending spree were like climbing Mount Everest, they would still be ascending
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The startup that wants to give surgeons X-ray vision
“Have you ever seen a spine surgery before?” Over Zoom, James Hu asks me this sincerely, standing in the middle of a large white room that reads between clinical and stylized. I consider the question, not because I have, but because it occurs to me: I’ve perhaps never thought much about it at all, and
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The $665 billion question: Will Big Tech’s AI gamble pay off?
In today’s CEO Daily: Diane Brady crunches the numbers from yesterday’s tech earnings bonanza. The big leadership story: Starbucks’ turnaround is starting to take hold. The markets: Down as oil hits a four-year high. Plus: All the news and watercooler chat from Fortune. Good morning. And you thought the dollar figures being tossed around by
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How JPMorgan’s CIO is reshaping work at the bank with a $19.8 billion annual tech and AI budget
Lori Beer, the global chief information officer at JPMorgan Chase & Co., has a long checklist of questions as she navigates the proliferation of AI agents working alongside the banking giant’s sprawling workforce of 319,000. AI agents, Beer says, will change the way one thinks about work, the tasks to complete that work, how to