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The Latest Breaking News from Fortune

Companies are trying to do too much with AI, says IT CEO

The key to extracting ROI from gen AI projects is to choose your lane—and stay there.

Fortune

Barry’s chairman unwinds at his own gym—but even he admits balance is elusive: ‘Many days I have to wake up and choose who I’m going to disappoint’

Barry’s chair went from joining the gym at 26 to running it—now, he still wears athletic wear to work, has the same lunch every day, and spends $2.70 a night for the best sleep of his life.

Fortune

Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg in the room: ‘If you’re a billionaire, why are you a billionaire?’

“No hate, but yeah, give your money away, shorties,” she said at the WSJ Magazine Innovator Awards.

Fortune

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The government shutdown won't be completely recouped—and it could cost the economy up to $14 billion, estimates say

The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.

Fortune

Since ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy

The relationship between job openings and stock market performance has been called “the scariest chart in the world.”

Fortune

CEOs who are also board chairs are the problem not the solution, says top governance expert

Also: All the news and watercooler chat from Fortune.

Fortune

The 'cybernetic teammate': How AI is rewriting the rules of business collaboration

An experiment at Procter & Gamble reveals that artificial intelligence isn't just a tool—it's becoming a teammate that can match human collaboration.

Fortune

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Why corporate executives are not concerned about an AI bubble

Corporate executives are more afraid of missing out on tomorrow's AI capabilities than they that AI won't deliver ROI

Fortune

Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come

Just under half of companies are for now using AI to boost productivity and revenue.

Fortune

Harvard professor calls out 'lie' of needing 8 hours of sleep a night, says it's Industrial Era 'nonsense'

How much sleep do you really need? Scientists emphasize a "U-shaped risk curve."

Fortune

Tom Brady calls out a problem with modern parenting: 'Every time they mess up, we send them to an easier place to succeed'

Denying kids opportunities for failure and disappointment will hamstring their chances of success, the NFL legend said.

Fortune

Being mean to ChatGPT can boost its accuracy, but scientists warn you may regret it in a new study exploring the consequences

The rudest prompt yielded accuracy four percentage points higher than the most polite prompt.

Fortune

Meet Timothy Mellon, the reclusive Wyoming billionaire revealed as the $130 million donor funding military pay during the federal shutdown

The great-great-grandson of Mellon Bank’s founder inherited around $23 million from the family business, before making his own fortune in the railroad. Now he’s donating millions of it to the Republican Party.

Fortune

The key to work-life balance is loving what you do, says the CEO of $140 million fitness brand: 'For me, work is not a punishment'

A former endurance impresario turned startup boss, HYROX CEO Christian Toetzke argues that loving your work is the only sustainable way to live.

Fortune

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Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’

Powell said the Fed is walking a tightrope as AI-fueled investment props up growth but erodes hiring.

Fortune

Saudi Arabia wants to woo leisure travelers to its shores: 'We have a lot to offer to the world,' says tourism minister Ahmed Al Khateeb

“We want travelers to come and experience the Saudi hospitality, enjoy our coffee and food, and learn about Arabian culture,” said H.E. Ahmed Al Khateeb.

Fortune

Crypto founders are getting very rich, very fast—again

Early-stage founders are collecting $10 million or so in secondary sale transactions—well before their firms have proven themselves.

Fortune

Airbnb CEO Brian Chesky says employers need to hire Gen Z even if 'AI can do the interns' work'—or one day, the bots will outnumber bosses

Airbnb cofounder and CEO Brian Chesky warns AI isn’t “magic,” and companies that skip out on hiring Gen Z risk losing future CEOs to automation.

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Fortune

The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed,’ ex-Wall Streeter and business coach says

“Obsession means that you’re thinking nonstop until your relentless action makes it unreasonable for you to not win,” she says.

Fortune

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out

“We’re not losing them to the competition. We’re losing them to grocery and food at home,” Scott Boatwright said.

Fortune

Reddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women's sports: ‘I tag them and thank them for the motivation’

The co-founder of Reddit who is married to tennis great Serena Williams, Alexis Ohanian, started investing in women’s sports in 2020 and was “savagely trolled” at the time—but he’s having the last laugh now.

Fortune

Sir Martin Sorrell says AI has already “missed the Oppenheimer moment”

When it comes to AI, it’s already too big for governments to regulate, says WPP founder Martin Sorrell.

Fortune

Adobe deepens Google Cloud partnership to advance AI and next-gen creativity, says CFO

Google brings crucial technical expertise, while Adobe leads in creative solutions, Dan Durn says.

Fortune

Vilnius is a nice, green place to live—and it’s turning that into a competitive advantage for its economy

Being a green and pleasant place to live certainly isn’t necessary or sufficient for economic competitiveness, but Vilnius’s experience shows that at the very least it helps.

Fortune

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a 'clear head'

“Ultimately it’s going to slow down the economy,” he says.

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