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The Latest Breaking News from Fortune

UBS took a sweeping look at the AI revolution and concluded the 'visible' impact is at least 3 years away for consumer firms

The use of AI will separate winners and losers in the consumer space. It's just so early.

Fortune

Make up to $370K working for Walmart—as AI steals jobs, the retail giant is handing out six figures for roles far from the shop floor

As unemployment climbs and AI wipes out white-collar jobs, Walmart is dangling six-figure salaries for new tech hires.

Fortune

Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb

Central bank economists find generative AI “at the crossroads,” debating if it could be as revolutionary as the electric dynamo or the microscope.

Fortune

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Subzero Labs raises $20 million to build a blockchain for the ‘real world’

Pantera Capital led the fundraise, with participation from Variant, Coinbase Ventures, and Susquehanna Crypto.

Fortune

Six-figure salaries aren’t cutting it: Even high-earners are feeling the pinch right now and shopping at budget grocery stores

Workers making over $100,000 aren’t choosing to fly economy over first-class—they are cutting back on dining out, buying clothes, and even delaying getting married.

Fortune

Nintendo's Switch 2 is on pace to outsell the Switch, the best-selling console in its 136-year history

Nintendo has sold 5.82 million Switch 2s in just 7 weeks, well on target to reaching its 15 million sales goal by next March.

Fortune

OpenAI’s latest funding round was so popular early investors were reportedly miffed about being pushed aside to make room for new partners

OpenAI just scored another $8.3 billion thanks to new investors, including a $2.8 billion check from Marc Stad’s Dragoneer Investment Group.

Fortune

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Bill Gates says AI is moving at a speed that "surprises" even him—and he says the experts can't tell if it'll replace humans in one year or ten

Billionaire Microsoft founder Bill Gates says Gen Z should learn to be productive with AI now, as experts can’t predict when it’ll replace their jobs.

Fortune

Miller Lite is giving away 50,000 free beers today. Here's how to get one

It is, in fact, Miller Time somewhere.

Fortune

Global 500 hits a record high for female CEOs

Thirty-three Global 500 companies have female CEOs.

Fortune

Shockingly bad jobs report reveals a monthslong stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’

“September is a lock for a rate cut, and it might even be a 50-basis-point move to make up the lost time.”

Fortune

Dow tumbles more than 500 points as job numbers shock Wall Street and tariff 'panic' sets in

Trump, meanwhile, continues to beat the drum against Fed chair Jerome Powell.

Fortune

Apple's blowout earnings marred by tariff fears, a slow AI rollout, and the stock barely moves

On tariffs, "We estimate the impact to add about $1.1 billion to our costs," CEO Tim Cook said.

Fortune

10 finance companies that made the biggest leaps on the 2025 Fortune Global 500 list

CFOs of Prudential Financial and BNY weigh in on their companies' momentum on the list.

Fortune

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Fortune

'Artificial stupidity' made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals

AI bots told to act as trading agents in simulated markets engaged in pervasive collusion, raising new questions about how financial regulators have previously addressed this tech.

Fortune

Why Index’s Danny Rimer bet on Figma and Dylan Field at the seed stage

Index Ventures’s Danny Rimer—whose investments also include Etsy, Dropbox, Discord, and Dream Games—led Figma’s 2013 seed round.

Fortune

Jamie Dimon doubles down on backing Powell despite Trump criticism, saying an independent Fed means lower rates

"Independence keeps interest rates lower, if you actually look through the history of interest rates a little bit," Dimon says.

Fortune

Stocks slide globally as investors digest Trump’s new tariffs—and analysts warn the worst is yet to come

"These taxes do not show up in consumer baskets with full force until January next year," UBS says.

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Fortune

Anthropic CEO Dario Amodei escalates war of words with Jensen Huang, calling out 'outrageous lie' and getting emotional about father's death

Amodei’s impassioned defense was rooted in a personal revelation about his father's death, which he says fuels his urgent pursuit of beneficial AI while also driving his warnings about its risks.

Fortune

We're about to see a $1 trillion 'super-cycle' of investment in batteries to power the grid for AI

Large-scale battery storage is critical to meeting surging power demands.

Fortune

Global warming and CEO leadership (but make it funny!)

Also: All the news and watercooler chat from Fortune.

Fortune

AI keeps getting more powerful, making it harder to judge how smart models actually are

Stanford’s Russell Wald shared a few highlights of this year’s AI Index at Fortune Brainstorm AI Singapore.

Fortune

HPE's merger with Juniper Networks was approved by the White House for national security reasons: source

The feeling was that a combined HPE-Juniper offering would act as a “bulwark” against Huawei in markets where the Chinese company might otherwise be more dominant.

Fortune

Amazon CEO Andy Jassy unleashed a meticulous 8-minute defense of AWS’ standing in the AI arms race amid investor stock freakout

AWS is the clear cloud leader in Big Tech. But fast-growing rivals, and the AI boom, have investors spooked.

Fortune

Andy Jassy says Amazon has chosen to 'embrace' AI, promising it 'will make all our teammates' jobs more enjoyable'

Jassy told analysts that companies have two choices, to embrace and shape the change that's coming, or "wish it away and have it shape you."

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