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The Latest Breaking News from Fortune

Meet the $100m AI startup that wants to kill the billable hour: 'Most legal departments have lost control of their budgets and their knowledge'

“We have been heads down the last few years," CEO Omar Haroun told Fortune. Now he’s onstage with a “priest” reading out last rites for Big Law billing.

Fortune

What leading a global architecture firm has taught me about AI’s power to transform business

At Gensler, from Shanghai to San Francisco, London to LA, our studios, designers, strategists and storytellers are embracing AI with curiosity and purpose.

Fortune

WhistlePig unveils a unique 30-year aged single malt—if you can afford it

The BigShǝBàng follows the release of last year's Badönkådonk

Fortune

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Trump-backed crypto firm American Bitcoin notches $5 billion valuation in Nasdaq debut

The company trades under the ticker ABTC.

Fortune

2 MIT professors offer a case study to consider for AI adoption: GM versus Toyota in the 1980s

GM's decline and Toyota's rise offers a case study in AI adoption. Two MIT Sloan academics offer advice on how to avoid repeating GM's strategic mistakes.

Fortune

Federal appeals court tariff ruling signals CFOs to 'plan for turbulence'

The decision on tariffs introduces fresh uncertainty, says Gregory Daco, EY-Parthenon chief economist.

Fortune

Exclusive: Etherealize raises $40 million to expand Wall Street’s use of Ethereum

Electric Capital and Paradigm led the round, which builds on an earlier grant from Ethereum founder Vitalik Buterin and the Ethereum Foundation.

Fortune

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Is another 'AI winter' coming? Here's what past AI slumps can tell us about what the future might hold

Academic skepticism and business frustration have triggered past AI winters. This time, both factors are present. But there are key differences too.

Fortune

Nvidia’s massive market cap is a ‘bubble risk,’ Deutsche Bank says: ‘We appear to be in uncharted territory’

“Nvidia’s market cap is now larger than every country’s entire listed stock exchange apart from the U.S., China, Japan, and India,” the bank said.

Fortune

From US Open 'hat thief' to Coldplay affair: CEOs keep going viral for bad behavior

Smartphones are turning CEO scandals into viral spectacles, and boards are scrambling to respond to the changing environment.

Fortune

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Global bond yields surge toward multi-decade highs as U.S., U.K., and French debt concerns mount, while gold hits a record $3,537 amid investor flight.

Fortune

Thrive Capital’s Philip Clark is promoted to partner

Philip Clark has been promoted to partner at Thrive Capital, Fortune has exclusively learned.

Fortune

Inside IKEA’s CEO succession plan: a lengthy listening tour and a handover that will take months

Also: All the news and watercooler chat from Fortune.

Fortune

The professions trying to get ahead thanks to AI are the ones most likely to lose their jobs to it, finds St. Louis Fed

AI job losses may be starting to show up in U.S. data, with a St. Louis Fed study linking rising unemployment to industries adopting generative AI.

Fortune

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Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says

High-profile executives usually get a “golden parachute,” even after serious misconduct violations.

Fortune

Federal judge orders Google to end exclusive search distribution deals, but won't force Google to sell Chrome

In a 230-page ruling, U.S. District Court Judge Amit Mehta wrote that "the emergence of generative AI has changed the course of this case."

Fortune

3 reasons why Klarna’s valuation has fallen by nearly 70% from its peak just a few years ago

Once Europe's most valuable startup and the second-highest fintech at $45.6 billion, it's going public at a $14 billion valuation.

Fortune

Millionaire CEO who went viral for snatching hat from boy at tennis match says he made a 'huge mistake' after 'first come, first served' comment

The CEO’s company, Drogbruk, was flooded with negative reviews after last week’s incident at the U.S. Open.

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Fortune

Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

Fortune

Paris Hilton took out a mortgage on the $63 million mansion she bought from Mark Wahlberg. Here’s why that’s actually a smart financial decision

The reality star made a savvy move in financing her megamansion.

Fortune

OpenEvidence is one of the hottest AI startups out there. But the CEO of Corti argues there's plenty of value 'down the AI stack'

Corti started out selling AI software to support emergency services and doctors. Now it is mostly offering AI models, tools, and data center capacity to other AI companies focused on healthcare

Fortune

Researchers used persuasion techniques to manipulate ChatGPT into breaking its own rules—from calling users ‘jerks’ to giving recipes for lidocaine

AI mirrors human responses and appears to be susceptible to the same psychology, the researchers concluded.

Fortune

Peter Thiel is delivering 4 private sold-out lectures at a club in San Francisco—about the Antichrist

The Palantir cofounder will explore how Christian theology intersects with modern technology in four private lectures merging faith and business.

Fortune

As EV sales continue to plummet, Elon Musk says Optimus robots will make up 80% of Tesla’s value, despite production delays

Part four of Tesla’s “Master Plan” de-emphasizes its EV business, which is on pace for its second consecutive year of declining global sales.

Fortune

The Trump family’s wealth grows by $5 billion as its crypto token World Liberty begins trading

WLFI quickly became one of the top 30 cryptocurrencies by market cap after trading began on Monday.

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