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The Latest Breaking News from Fortune

CEOs at Davos were split on how bad the AI job wipeout will be

In over a dozen meetings with top executives, two main themes stood out.

Fortune

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it’s ruining democracy

“We actually do face a moment in which there is a fundamental choice between oligarchy and democracy,” Oxfam America senior director of economic justice Nabil Ahmed said.

Fortune

Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs

Who will take the reins of philanthropy with the Gates Foundation absent?

Fortune

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An AI ‘tsunami’ is coming for young workers, IMF chief warns

Kristalina Georgieva is worried about Gen Z and the middle class: “This is moving so fast, and yet we don’t know how to make it safe [and] inclusive.”

Fortune

Michelle Obama says friendships are ‘as important as the degree that you got in college,’ your job title, and your salary

The former first lady says it’s important to make new friends, but advises people to be picky about who they let stick around. Longtime duos, like Oprah Winfrey and Gayle King, prove that friendship is a powerful career tool.

Fortune

Inside Big Pharma and VC’s big bet on AI: You wouldn’t ‘want to fly an airplane designed by hand, but all of our drugs are designed like that’

Silicon Valley and Wall Street are pouring billions into AI drug discovery in a high-stakes bet to “solve” disease.

Fortune

Airbnb CEO says Steve Jobs taught him that obsessing over details isn’t about control—it’s about helping people think bigger and move faster. But Gen Z doesn’t agree

Airbnb CEO Brian Chesky says Steve Jobs proved being a micromanager is good for workers—in reality, it could actually be holding Gen Z’s careers back.

Fortune

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President George W. Bush used to call Bill Clinton for advice—and his message was consistently to get out of your own way

After succeeding Bill Clinton, George W. Bush still picked up the phone for advice—a reminder, echoed by Steve Jobs’ career, that leadership isn’t a solo sport.

Fortune

Walmart CEO started his career unloading trailers at the warehouse

Walmart’s CEO went from earning $6.50 an hour to about $26 million a year—here are his tips for climbing the corporate ladder.

Fortune

When AI meets healthcare, how should payers react?

It is not a stretch to imagine that the most important players in the payer industry in 2035 will be those who harness the power of AI fastest and best.

Fortune

Huntington is powering digital growth—by opening a branch almost every 2 weeks, says CFO

Zachary Wasserman talks about the bank's strategy and growth.

Fortune

Greenland deal doesn’t solve ‘mutual alienation’ between America and its allies, warns economists, and it puts the USD under threat

“That’s not a good place to be if you want to preserve the USD’s reserve-currency status. That status was built on the premise of U.S. leadership and protection,” Macquarie strategists say.

Fortune

Wall Street celebrates the end of Trump’s Greenland drama and is hoping the Supreme Court will kill the rest of his tariffs

It’s like the past few days never happened.

Fortune

Demis Hassabis, and how AI just might wrangle our molecular universe

This week, Fortune published a magazine feature looking inside Demis Hassabis’s Isomorphic Labs.

Fortune

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Scott Galloway says, but now 'the American brand is chaos, corruption, and coercion'

Also: All the news and watercooler chat from Fortune.

Fortune

No 'job apocalypse': Goldman Sachs CEO denies the AI hiring nightmare is real

"Technology has been disrupting jobs, changing the way people work, destroying jobs ... for decades," David Solomon says.

Fortune

CEOs are bullish but nervous: David Solomon’s Davos readout on deregulation and ‘shotgun’ policy

Ahead of his own flight to Davos, CEO David Solomon sat down with the Goldman Sachs Exchanges podcast for a temperature check.

Fortune

A Danish U.S. boycott app increased users 1,400% as Trump resurrected Greenland acquisition at Davos

The Made O’Meter app received 11,000 downloads in January across iOS and Android.

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Fortune

AI luminaries at Davos clash over how close human-level intelligence really is

Anthropic’s Dario Amodei says it’s coming soon. DeepMind’s Demis Hassabis and former Meta chief scientist Yann LeCun think it’s a more distant prospect.

Fortune

Meet the 36-year-old founder of Gen Z stationery brand Papier, who avoids stocks and shares: ‘A financial roller coaster I can’t control’

The 36-year-old Papier boss starts his day at 8 a.m., often in the back of a London taxi. But you won’t catch Taymoor Atighetchi checking his stocks on the way in to work.

Fortune

Trump has granted clemency to several high-profile white-collar fraudsters. Could Elizabeth Holmes be next?

The disgraced Theranos founder has filed a request to commute the six years remaining on her sentence.

Fortune

U.S. oil producers increasingly ‘slighted’ by Trump’s international focus on crude in Venezuela, Greenland, and beyond

Trump’s fixation on hiking oil volumes from OPEC and Venezuela to lower prices at the pump is leaving U.S. oil producers annoyed with weak domestic pricing and drilling activity.

Fortune

Elon Musk makes the case for why his $2.2 trillion tech empire is the only way to save humanity as the only intelligent life in the universe

“If anyone would know if there are aliens among us, it would be me,” Musk said during the World Economic Forum on Thursday.

Fortune

TradFi firms are increasingly warming to cryptocurrencies, says Bybit CEO Ben Zhou

“If they don't embrace it, they will be obsolete, especially with crypto wallet adoption growing 20 to 30% each year.”

Fortune

How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort saw the biggest decline.

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