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The Latest Breaking News from Fortune

The ‘dumb money’ steps in as traders lose $1 trillion on the realization that AI will eat tech companies first

The chaos is mostly a tech-stock phenomenon. The equal-weight S&P 500 is actually at a record high.

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Less than 10% of employees believe their bosses are demonstrating moral leadership

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Developer Hongkong Land launches a $6.4B Singapore real estate fund, the country's largest, as part of CEO Michael Smith's strategic pivot

The new fund has the Qatar Investment Authority as a key investor, as Hongkong Land focuses on commercial property and slims its residential business.

Fortune

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Lawhive, which started out selling tech to law firms but then became one, raises $60 million in new funding

The startup offers routine legal services using human lawyers assisted by AI software.

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Nevada legislator to push for independent audit of altered record in OSHA Boring Co. inspection

Because a forensic analysis conducted by the Governor’s Office was inconclusive, legislators are pushing for a third-party audit.

Fortune

Alphabet is confident about plans to double capex spending to a possible $185 billion—but it’s keeping CEO Sundar Pichai up at night

Alphabet revealed a staggering increase in infrastructure investments that will see it nearly double the $91.4 billion it spent last year, according to its fourth quarter earnings release.

Fortune

Quantum computing company IonQ misled investors about its dependence on backdoor earmarks, short-seller report says

Short-seller Wolfpack Research says IonQ misled investors about canceled government earmarks; it also points to suspicious insider stock sales.

Fortune

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Scott Galloway predicts OpenAI could pull its IPO amid AI ‘vibe shift’ as investors ‘gag’ on Trump proximity, questionable revenue

“Sustainable advantage is really, really thin,” the NYU professor said of the potential $830 billion IPO.

Fortune

Pinterest cracks down on dissent, fires engineers for an internal layoff tool as AI shake-ups keep employees on edge and in line

The incident shows how layoffs and AI investment have given employers more leverage over workers.

Fortune

Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation: He denies writing ‘Tariffs are inflationary’ in letter to hedge fund investors

In 2024 Bessent wrote: “Tariffs are inflationary and would strengthen the dollar.” He denied this before the House Financial Services Committee.

Fortune

Meta is quietly expanding its $10 billion Hyperion AI data center, now sprawling to four times the size of Manhattan’s Central Park

Meta’s latest 1,400-acre land deal in Louisiana signals plans for a vast, multiphase AI campus unlike anything the U.S. has seen.

Fortune

Peter Thiel warns the Antichrist and apocalypse are linked to the ‘end of modernity’ currently happening—and cites Greta Thunberg as a driving example

The Gen Z Swedish climate activist is a legionnaire of the Antichrist, Thiel claims, a “Luddite” who wants to halt technological progress in its tracks.

Fortune

Ray Dalio warns the world is ‘on the brink’ of a capital war of weaponizing money—and gold is the best way for people to protect themselves

“It would be very easy to go over the brink into a capital war, because there are mutual fears” between the U.S. and Europe, the Bridgewater Associates founder warned.

Fortune

The tech stock free fall doesn’t make any sense, BofA says in rebuke to investors while doubling down on the sector’s longevity

Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.

Fortune

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Bitcoin demand in Nancy Guthrie disappearance shows how crypto is becoming a more frequent feature of physical crimes

TMZ and an Arizona news outlet reported receiving the ransom letter.

Fortune

Having a college degree still matters for being one of the wealthier Americans, New York Fed says

The spending divide is visible in the past three years of data, the New York Fed says, and college degrees matter a lot.

Fortune

Why United Rentals’ CTO tried to break his own AI agent before giving it to thousands of employees

Tony Leopold stress tested his new AI agent before making it available to frontline employees across more than 1,500 branches that rent equipment.

Fortune

Palmer Luckey says AI will make hardware so cheap you’ll be able to buy a ‘Ford F-150 for $1,000’

The Anduril cofounder says he thinks AI will revolutionize the production chain, making seasonal car purchases a reality.

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Fortune

What Is the Best Sleeping Position?

We asked experts about the best sleeping positions for pain, discomfort, and more.

Fortune

The CEO of $11 billion Oura explains why customers must shell out for subscription fees after paying $349 or more for the ring

From smart rings to self-driving cars, tech firms aren’t ready to cancel subscriptions, even as consumers hit their limit.

Fortune

Kevin O'Leary blasts attacks on billionaire entrepreneurs as a 'huge mistake’—He says they don't get enough credit for the jobs they've created

'Shark Tank' star Kevin O’Leary says mega-billionaires like Michael Dell and Warren Buffett actually stimulate the labor market and 'give all their wealth back' after success.

Fortune

Disney’s new D’Amaro-land: a dream team succession saga comes to life

Bob Iger was a returning general to Disney in 2022, but he built a roster of top lieutenants helping with his succession plan.

Fortune

Gold and silver prices have soared in time for the 2026 Olympics—now winning-athlete's medals will be worth more money than ever with some fetching over $100K

With gold prices soaring, Olympic medals are now worth more money than ever—and some athletes, like swimming champion Ryan Lochte, are cashing in on six-figure offers.

Fortune

‘Let a thousand flowers bloom,’ Jensen Huang says. Demanding ROI from AI is like forcing a child to make a business plan for a hobby

You don’t ask your kids to prove to you how they’re going to make money for you, Huang said: “We never do that at home. But we do it at work.”

Fortune

Philippines’ first male Olympic gold medalist in history given a fully furnished $550,000 condo to go with his medals

The Filipino gymnast walked away from the Olympics with medals, a fully furnished $550,000 condo, over $300,000 in cash, and free colonoscopies for life.

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