Tech
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Tech leaders argue AI’s real future Is task augmentation, not mass layoffs
The long-held fear that AI and robotics will entirely replace human workers may be hitting a wall of practical reality. Today’s cutting-edge of automation isn’t replacing the whole human but absorbing their most mundane tasks. That is the consensus from Dave Bozeman, chief executive of third-party logistics giant C.H. Robinson, and Peggy Johnson, chief executive…
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After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns
Anthropic is changing course after facing criticism for quietly downgrading certain requests to its most capable AI model. On Tuesday, the $965 billion company released a version of its most capable model, Mythos. Anthropic revealed Mythos in April, but held back any Mythos-class models from the public partly because the company said it was extremely…
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Stranded on a Denver tarmac, Booking.com’s CEO envisions the AI that should have rerouted him to Aspen before takeoff
On his way to Fortune’s Brainstorm Tech conference this week, Booking.com’s CEO Glenn Fogel faced an all-too-familiar travel blunder. Fogel had flown from New York to Denver and was set toward Aspen, only to board his connecting flight, push back from the gate, sit on the tarmac, and then be taxied back to the gate.…
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Anthropic is worth $965 billion and just hired 1,000 coaches for nonprofits: ‘The fox can’t guard the henhouse’
Anthropic will donate $150 million to launch a fellowship program that places coaches with nonprofits around the country to help them use artificial intelligence more effectively in their work. Claude Corps, named for the company’s popular AI chatbot, will hire and embed 1,000 fellows trained in the use of Claude at a wide range of…
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Visa thinks it’s a great idea for AI agents to shop and pay for things without human approval
Betting that people will soon grow more comfortable having artificial intelligence agents shop for groceries, plane tickets or diapers on their behalf, payments giant Visa said Wednesday that it has embedded its payment network inside of ChatGPT, empowering the chatbot to independently shop and complete transactions. It means AI agents can not only recommend products…
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While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
Wall Street is salivating for SpaceX’s blockbuster IPO this week, but demand is so high that retail investors may not be able to buy shares at the offering price and will likely have to pay a steep premium once they trading begins. While SpaceX is the clear industry leader, there are already a number of…
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SpaceX is about to make history—and 80% of VCs won’t see a dime of it
Hi, this is Amanda Gerut pinch writing for Allie Garfinkle from Aspen where we just wrapped the 25th annual Fortune Brainstorm Tech conference. Lots of buzz about SpaceX’s IPO slated for Friday. Given the $1.5 trillion to $2 trillion valuation range that has been thrown around—and the prospect of a total $5 trillion in value…
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SpaceX’s record IPO has Wall Street torn between a Musk ‘holy grail’ and a $72-per-share leap of faith
SpaceX’s $1.77 trillion IPO is set to become the largest in history this week, and, analysts say, among the most controversial. The IPO, which aims to raise $75 billion by selling 555 million shares at a fixed price of $135 per share, starts trading on Friday, June 12, and will be listed on the NASDAQ…
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The space economy’s next frontier is in ground infrastructure, Northwood Space CEO says
In the last six years, a surge of satellites in orbit has triggered what Northwood Space Chief Executive Bridgit Mendler called the “infrastructure building era” of space. Speaking at the Fortune Brainstorm Tech conference in Aspen, Colorado on Tuesday, Mendler emphasized how massive leaps in launch capacity and spacecraft manufacturing are supercharging the space economy.…
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Anthropic accused of ‘secret sabotage’ as Claude Fable 5 silently limits capabilities for AI researchers and developers
When Anthropic made its first Mythos-tier model available to the general public yesterday, called Claude Fable 5, Fortune reported it was a “considerable step” for the lab, coming just over a week after the company confidentially filed for IPO paperwork. It had initially deemed Mythos-class models too dangerous to release, citing their significantly enhanced ability…