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The Latest Breaking News from Fortune

Key takeaways from Mark Zuckerberg's memo on Meta's new "Superintelligence" AI drive and big hires

The hiring spree and restructuring come as pressure mounts on Zuckerberg to justify Meta's massive capital spend on AI infrastructure

Fortune

Coinbase buys token manager Liquifi as crypto M&A heats up

The largest crypto exchange in the U.S. declined to disclose the cost of the acquisition.

Fortune

Abridge CEO Shiv Rao on raising $300 million, a prospective IPO, and the future of healthcare

Abridge recently raised a $300 million Series E led by Andreessen Horowitz, and with participation from Khosla Ventures.

Fortune

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Tesla’s sales recovery hinges on low-cost car running behind schedule—‘without a new model, things will only get worse’

Tesla may have to revise its full-year guidance lower after failing to meet repeated promises it would launch at least one new lower cost model in the first half.

Fortune

Boeing’s CFO change signals urgent focus on company’s recovery

Outgoing CFO Brian West operated in crisis mode, securing financing and managing Boeing’s credit, says a Morningstar analyst.

Fortune

Qantas shares fall after cyberattack hacks platform holding 6 million customer records, denting airline’s turnaround effort

Qantas is investigating whether the cybercriminal group Scattered Spider is responsible for the attack.

Fortune

Apple is suing a former senior employee, alleging he stole trade secrets about the $3,500 Vision Pro before taking a job at Snap

Apple said Di Liu waited nearly two weeks to notify the company that he was resigning—"and even then, he did not disclose he was leaving for Snap."

Fortune

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The markets seem to be betting the Fed is poised to deliver on the TACO trade

Why investors seem to be so confident that inflation risk will go away and the Fed will deliver more cheap money in the fall.

Fortune

Sweden reverses air travel tax, pushing against ‘flight shaming’ wave it created

Domestic travel dropped so significantly that the government intervened to save an eroding aviation industry.

Fortune

Sam Altman scoffs at Mark Zuckerberg’s AI recruitment drive and says Meta hasn’t even got their ‘top people’

Sam Altman is pushing back on Mark Zuckerberg's aggressive AI recruitment drive after the Big Tech company poached several key researchers from OpenAI.

Fortune

There's an epidemic of fake workers—and 1 in 343 job applicants is now from North Korea, this security company says

Also: All the news and watercooler chat from Fortune.

Fortune

Salomon’s Gen X exec starts his morning with 4 espresso shots and skiing, before heading to the office at noon: ‘It is a routine I’ve stuck to for over 25 years’

Despite driving innovation at a billion-dollar brand, Salomon’s chief brand officer’s day-to-day routine is surprisingly low-key: The Gen Xer tells Fortune he’s never worn a watch, and gets picked up and dropped off at work by his wife.

Fortune

Zillow CEO doubles down on remote-work model: ‘There is talent everywhere in this country’

The real estate company has seen a marked increase in recruitment because of its work-from-home policies.

Fortune

North Korean operative reveals the inner workings of the IT scam infiltrating the Fortune 500 — ‘They had no idea that we were from North Korea’

Thousands of IT workers are trapped inside a global operation that funds North Korea’s weapons program, but one managed to escape.

Fortune

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Trump's tariff pause expires next week. Here's how well Asian governments have been doing in negotiations with Washington

With just days to go until tariffs return, the Trump administration is still trying to negotiate new agreements with major trading partners.

Fortune

Figma files for IPO nearly two years after $20 billion Adobe buyout fell through

The design software startup, helmed by cofounder Dylan Field, moved closer toward one of the most anticipated public offerings of the year.

Fortune

Silicon Valley investor Vinod Khosla predicts AI will replace 80% of jobs by 2030

Tech entrepreneur and investor Vinod Khosla’s prediction of AI automating 80% of high-value jobs by 2030 coincides with a reckoning for Fortune 500 companies.

Fortune

Dow soars almost 400 points, as investors rotate out of tech and eye Europe

Investors in the U.S. continued the recent trend of shifting their portfolios to favor European stocks, as the dollar weakens and the euro rises.

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Fortune

Home Depot's $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

The home-improvement retailer has been deliberate in its efforts to win the pro contractor market.

Fortune

Why we should all pay attention to what lawyers, auditors, and accountants are doing with AI

Professionals report finding ROI from AI at a higher rate than those in other industries, but having a clear AI strategy makes a difference, Thomson Reuters survey finds

Fortune

Shark Tank’s Kevin O’Leary blasts ‘stupid’ Gen Z habit

The investor suggests putting your lunch money into an index fund for retirement.

Fortune

Home Depot made a key acquisition to corner the pro market—but some analysts say it overpaid at $4.3 billion

Home Depot continues to appeal to a contractor customer base.

Fortune

Why Boeing's new CFO Jay Malave is 'critical' to a turnaround

Malave was most recently CFO of Lockheed Martin.

Fortune

The anti-DEI movement has made corporate diversity stronger

C-suites and boardrooms have been forced to articulate why diversity is essential to financial performance.

Fortune

‘Shark Tank’ investor Kevin O’Leary says only a third of people can become successful entrepreneurs—and the rest will never be ‘free’

Serial investor Kevin O’Leary says great entrepreneurs like Steve Jobs and Elon Musk shared one quality: being able to drown out the noise of everyday life and stay focused on the job at hand.

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