Tech
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‘The gains will be substantial’: The AI shock is looking a lot like the China shock, and a top economist says that’s actually good news
In 2001, China joined the World Trade Organization, sparking a manufacturing surge for the country. China became the “world’s factory,” and its export rate grew 30% each year from 2001 to 2006, more than double the growth rate from the previous five years. While the U.S. reaped the benefits of cheap imports from its new
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UFO files show Buzz Aldrin saw a ‘sizeable’ object close to the moon and a ‘fairly bright light source’ that the Apollo 11 crew felt could be a laser
Buzz Aldrin observing a “fairly bright light source” while aboard the Apollo 11. A mysterious object making “multiple 90-degree turns” at a speedy clip. A blaringly bright object doing corkscrew twists over the skies in Kazakhstan. Those are some of the details in a new batch of files on UFOs that the Pentagon began releasing
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Qualcomm’s CEO is working with ‘pretty much all’ major AI players on top-secret devices—and powering OpenAI’s first push into hardware
Cristiano Amon won’t tell you what’s coming, but he’ll tell you who’s building it. “There are some secret form factors that I cannot tell you about,” the Qualcomm CEO said in an interview with Fortune Editor in Chief Alyson Shontell on the Titans and Disruptors of Industry podcast. “But I think we’re working with pretty much
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Goldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
Goldman Sachs chief information officer Marco Argenti thinks monitoring every employees’ AI use is the wrong way to measure whether it’s actually making people more productive. As companies increasingly push employees to adopt the technology to try to spur productivity, Goldman’s Argenti is taking a different approach by measuring how quickly his engineering teams can
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Student hackers get revenge on final exams as ‘ShinyHunters’ takes down nearly 9,000 schools study software
A system that thousands of schools and universities use to support instruction was back online Friday after it went down during a cyberattack that created chaos as students tried to study for final exams. The hacking group named ShinyHunters claimed responsibility for the breach at Canvas, said Luke Connolly, a threat analyst at the cybersecurity
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Anthropic grew 80-fold in a single quarter. Now it’s renting Elon Musk’s data center to cope
Anthropic CEO Dario Amodei said the AI company had planned for 10x growth, but instead, its revenue and usage grew 80-fold in the first quarter on an annualized basis, a surge he called “just crazy” and “too hard to handle.” The company is growing so fast that its infrastructure has struggled to keep up, forcing
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Is quarterly reporting hurting investors or helping them? The SEC just weighed in—and the debate is far from over
Good morning. This week, the U.S. Securities and Exchange Commission addressed a long-running debate on Wall Street: Are quarterly earnings reports helping investors—or fueling short-term earnings management? On Tuesday, the agency announced a proposed rule and form amendments that would allow semiannual reports to satisfy interim obligations under federal securities laws. The proposal is not
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Why CEO Bill McDermott says ServiceNow’s 39% stock crash is Saaspocalypse ‘nonsense’ and why AI will make it a trillion-dollar company
Bill McDermott’s time at the helm of ServiceNow has been nothing if not eventful. Months after he became CEO at the end of 2019, the COVID pandemic shut down the global economy; then in late 2022, ChatGPT kicked off an AI revolution that continues to transform the business world. Throughout all the tumult, McDermott has
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$96 billion giant ServiceNow doesn’t see a ‘SaaSpocalypse.’ It sees the ‘hard lift, heavy lifting’ phase just beginning
For the past four years, enterprise software conferences have been defined by a kind of competitive breathlessness: which company could announce the most AI agents, the boldest automation claims, the most mind-bending demos. At ServiceNow’s Knowledge 2026, the company’s two top customer-facing executives are having very different conversations. The era of AI feature wars is
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Elon Musk called Anthropic ‘evil’ 3 months ago. Now he’s taking $4 billion to become its data landlord
Three months ago, Elon Musk wrote on X that Anthropic was “evil,” “misanthropic,” and that the AI lab hated Western civilization. On Wednesday, he leased Anthropic one of his most valuable assets: the world’s biggest supercomputer. But Anthropic-lovers shouldn’t bask too long in Musk’s newfound praise (even if he did decide that “nobody set off