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The Latest Breaking News from Fortune

$15 billion of the insurance industry is at risk from AI, BofA says

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a “snowball effect” about to start happening.

Fortune

Legendary investor Howard Marks was skeptical about AI. What it said to him about Warren Buffett and Charlie Munger has left him shaken

The Oaktree cofounder asked Anthropic’s Claude to give him a tutorial. “I want to try to communicate [my] level of awe,” he wrote to clients.

Fortune

Why the stock market thinks the Iran war will last 4 weeks, according to Goldman's head of oil research

The market is pricing in about a month of action in the Middle East, but experts warn triple-digit oil prices could become reality if war lasts even longer.

Fortune

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Gen Alpha may still years away from deciding whether to pursue a college degree, but one 10-year-old in California is already getting a head start

While her classmates may prefer YouTube, fourth grader Honey Cooper picks up physical books—and just enrolled at San Bernardino Valley College.

Fortune

Kickstarter’s CEO stands by a 4-day workweek with a fully remote team, but admits it sometimes backfires

“It’s not all good,” Everett Taylor said. “You have to trust people to be responsible.”

Fortune

Tech investor Bill Gurley says workers who went through the ‘college conveyor belt’ and chased safe jobs are at high risk of AI automation

Prolific tech investor Bill Gurley says college has turned into a “pressure cooker.” The workers most likely to weather AI disruption are not just tech-savvy but passionate.

Fortune

Goldman finds ‘no meaningful relationship between AI and productivity at the economy-wide level,’ but a 30% boost for 2 specific use cases

Have you got “AI-nxiety?” Goldman took a closer look at the last earnings season and found a mismatch between hype and reality.

Fortune

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Sam Altman says OpenAI renegotiating ‘opportunistic and sloppy’ deal with the Pentagon

The renegotiated terms come after OpenAI faced a wave of backlash from inside and outside the company.

Fortune

Exclusive: CrowdStrike and SentinelOne veterans raise $34M to tackle enterprise AI's governance gap

As companies deploy AI at scale, JetStream wants to give enterprises a way to see, control, and stop it.

Fortune

Qualcomm CEO: “Resistance is futile” as 6G mobile revolution approaches

At Mobile World Congress, Qualcomm unveils a 6G future powered by AI agents and an always-on digital economy.

Fortune

Why investing in cybersecurity just became a 'must-have' for CFOs

As geopolitical risks escalate, finance chiefs are increasingly treating security like any other material balance-sheet exposure.

Fortune

Jamie Dimon has a feeling inflation will be the 'skunk at the party'—and the Iran conflict may already be enough to scare off the Fed for good

“We look at risk, at the broad range of outcomes, and there are negative outcomes. One of them would be inflation. I call it the skunk at the party,” Dimon said.

Fortune

Making sense of Anthropic's fight with the Pentagon—and OpenAI's opportunity

Anthropic—valued at $380 billion—faces what my colleague Jeremy Kahn calls “the biggest crisis in its five-year existence.”

Fortune

Visa to expand card partnership with Stripe’s Bridge to over 100 countries

The two firms previously launched stablecoin-backed cards for 18 countries in April.

Fortune

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The Iran war could accelerate the rise of the 'poly-national' company

Also: All the news and watercooler chat from Fortune.

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Europe doesn’t lack tech talent. Its leaders lack execution

The continent’s biggest obstacle isn't Silicon Valley. It is its own inability to get things done.

Fortune

Boards aren't ready for the AI age: What happens when your CEO gets deepfaked?

Deepfake attacks have moved from cyber briefings to boardroom emergencies with every CEO likeness a potential vulnerability. Most companies have no plan.

Fortune

Want to live forever? Meta patented an AI model that would keep your profile active after you die

Meta’s new AI patent means your dead uncle could still comment fire emojis on your posts, but experts say this could undermine grief and closure.

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Fortune

JPMorgan CEO Jamie Dimon reveals the career goal he adopted when he was just a 28-year-old assistant: Do not speak unless you can add value

Before Jamie Dimon became the billionaire boss of JPMorgan, he set himself a modest rule: Don’t talk. It propelled him to a CFO role by age 30.

Fortune

Asia's founders are spending more money on AI tools, with use of some coding tools rising by more than four times

Spending on AI tools by founders rose 20% last year, according to Aspire, a Singapore-based fintech firm.

Fortune

Goldman Sachs vice chair on the hidden trap of senior management: ‘Pretty soon the bosses are no longer watching you’

Before returning as vice chair, Rob Kaplan served on the faculty of Harvard Business School and as president of the Dallas Federal Reserve.

Fortune

Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid

Here’s when Medicare falls below interest costs, according to CBO projections.

Fortune

Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says

“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” Kent Smetters of the Penn Wharton Budget Model told Fortune.

Fortune

'Could it kill someone?' A Seoul woman allegedly used ChatGPT to carry out two murders in South Korean motels

After a South Korean woman allegedly used ChatGPT to plan two murders, questions arise into what guardrails are in place to stop people with homicidal or dangerous thoughts from using chatbots.

Fortune

Energy markets offer ‘relatively small reaction’ to Iran war, but prices could spike if oil and gas aren’t flowing by the end of the week

Crude prices jumped 6% March 2, but they have risen 25% since the beginning of the year as tensions with Iran have escalated.

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