Newsletters
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The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks
In today’s CEO Daily: Diane Brady interviews ADP CEO Maria Black. The big leadership story: ‘AI is fantastic for old companies.’ The markets: A global selloff is underway, led by tech stocks. Plus: All the news and watercooler chat from Fortune. Good morning. While the jobs report tells you what happened last month, Maria Black…
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The executive assistant role isn’t dying. It’s getting promoted
Good morning! Despite layoffs hitting executive assistants at companies including PwC and McKinsey, the role may not be disappearing. It may be evolving into something more powerful. In the age of AI, the best executive assistants won’t just manage calendars and expenses, says Adnan Khan, cofounder and co-CEO of executive assistant staffing firm Viva Talent.…
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Why Temasek’s CFO is moving into a new power role
Good morning, CFO Daily readers! Angelica Ang here, reporting from Singapore and standing in for Sheryl today. Temasek—Singapore’s state-owned investment company—is reshaping its leadership team as it undertakes its largest restructuring in decades. CFO Png Chin Yee, a mainstay on the Fortune Most Powerful Women list, is moving into a newly created role at the…
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Crypto’s most controversial governance idea is making a comeback
Hi, Ben Weiss here! I’m filling in for Jeff for the next three weeks while he’s on vacation. Last week, crypto investors debated one of the wonkier terms in blockchain. In a discussion on X, Ali Yahya, general partner at Andreessen Horowitz’s crypto arm, mused about how previous iterations of DAOs, or decentralized autonomous organizations,…
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Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
Two established investors are feeling crypto FOMO. Index and Union Square Ventures have backed the crypto startup Fomo, named after the acronym for “fear of missing out,” the company announced on Monday. Index Ventures led the $75 million Series B fundraise, which valued Fomo at $550 million. Other participants include Zygna cofounder Mark Pincus, Discord…
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Veteran Middle East CEO says business in the region isn’t retreating—it’s resetting
In today’s CEO Daily: A CEO in the UAE has a message for Western peers. The big leadership story: The case for a SpaceX-Tesla merger. The markets: Mixed globally as investors await developments on an Iran peace deal. Plus: All the news and watercooler chat from Fortune. Good morning. What’s it like doing business in…
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AI’s free-for-all era may be coming to an end—as companies start counting the cost
Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Business leaders are confronting AI spending. ChatGPT’s market share falls below 50% Top Google Gemini executive leaves for OpenAI Americans want legal protection around AI interactions. I’m in Paris this week at one of Europe’s largest tech conferences, VivaTech, where concerns about “sovereign AI”…
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Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
The first orders on Whatnot, in 2020, were Funko Pops, sold live by cofounder Grant LaFontaine. For the uninitiated: “A Funko Pop is a vinyl bobblehead-like doll, generally built around various IP,” LaFontaine explained in a recent interview we did for a forthcoming Term Sheet podcast. “You can get a Star Wars Funko Pop, or…
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Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
In today’s CEO Daily: Questions about the Fed loom large. The big leadership story: Introducing Europe’s Most Innovative Companies The markets: Mixed globally with the KOSPI and Nikkei hitting fresh highs. Plus: All the news and watercooler chat from Fortune. Good morning from Detroit, where we hosted a reception yesterday at Gilly’s Clubhouse to bring…
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Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
When Chris Caldwell, the chief information officer at Brinker International, is asked about his artificial intelligence strategy, he first gently guides the conversation to a less glamorous, but crucial IT topic: reliable Wi-Fi. “Before we jump into AI use cases, we have to make sure a lot of the core technology is working well,” says…