Tech
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Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off
Alphabet, Meta Platforms, and Microsoft just broke the news to investors that they’ll be spending billions more on the AI race. But only some investors saw red in response. Meta’s stock dropped more than 6% after hours, while Microsoft was essentially flat. Conversely, the share price of Google parent Alphabet rose almost 7% in after-hours
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From encyclopedias to AI: How knowledge is changing the way we work
For most of human history, knowledge wasn’t something you could access instantly. It was scarce, slow to move, and often held by institutions built to store and interpret it. Universities, libraries, and professional guilds played that role for generations. If you wanted to learn something, you turned to a trusted source—such as a teacher, a
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Tariff-proof pay: How boardrooms quietly made sure Trump’s trade war stopped at the CEO’s door
Good morning. On Fortune’s radar today: Markets: Oil up (again), stocks all over the place. Exclusive: CEOs got millions after boards ‘neutralized’ the impact of tariffs on exec comp. Exclusive: Nvidia’s Jensen Huang heralds new era of productivity powered by AI. Exclusive: AWS chief Matt Garman sees “massive change” ahead. Musk in OpenAI case: AI
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AWS CEO Matt Garman sees huge business opportunity for Amazon in AI-powered software: ‘Everything is going to be remade’
AWS chief executive Matt Garman isn’t losing any sleep over talk of the “SaaSpocalypse.” In fact, he’s so confident companies will continue to buy software-as-a-service in the age of AI that he’s pushing Amazon Web Services into the SaaS business, and rolling out various products aimed directly at office workers and other professionals. On Tuesday
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The uncomfortable truth about AI and the American worker
Surveys consistently show that workers dread artificial intelligence. They worry it will render their skills obsolete, hollow out their roles, and eventually eliminate their paychecks altogether. That anxiety has shaped public discourse, union bargaining tables, and congressional hearings for the better part of three years. But a sweeping new analysis from Morgan Stanley Research offers
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Disneyland implements facial recognition to keep the lines moving, but guests say they didn’t know it was optional
If you want to visit the “Happiest Place on Earth,” you’ll go through a new gatekeeper first: facial recognition. The Anaheim resort has expanded facial-recognition technology at entrances to Disneyland Park and Disney California Adventure after months of limited testing, reads Disney’s privacy notice, in which the company states the intention is to make reentry easier
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A 160-year-old paradox explains why AI will create more lawyers and accountants—not fewer, top economist says
In 1865, English economist William Stanley Jevons observed that the invention of the Watt steam engine — which improved the efficiency of the coal-fired steam engine — made coal a more effective energy source. Jevons called it “a confusion of ideas” to assume the efficiency born from this invention would reduce coal consumption. That efficiency
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Tech is in turmoil—but the rest of corporate America isn’t. One Silicon Valley CEO knows why
Tech layoffs tied to AI are dominating headlines. Coders are being displaced by agents. Software headcount is shrinking. The message from Silicon Valley is that AI is restructuring the workforce in real time—and that the rest of corporate America should brace for the same. Box CEO Aaron Levie has a message back: not so fast.
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OpenAI’s bad week misses the point, says tech analyst Gene Munster: ‘I think this is a true story—it is an example of over-analyzing’
Sam Altman is having a pretty bad week, and it’s only Tuesday. On Monday, jurors were quickly seated in Oakland for his ‘hero,’ Elon Musk’s, $130 billion trial against him. Monday night, a fresh Wall Street Journal report knocked him down further, describing internal turmoil at OpenAI—slowing user growth, leading to missed revenue goals, leading
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Taylor Swift files to trademark her voice and image to save from potential AI misuse
Taylor Swift filed three new trademark applications with the U.S. Patent & Trademark Office, a move one legal expert theorizes it is to protect her voice and image from potential misuse through artificial intelligence. Two of the applications filed Friday are sound trademarks covering her voice, one of her saying “Hey, it’s Taylor Swift,” and