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The Latest Breaking News from Fortune

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

The next wave of the migration story is already underway, and it’s moving the innovation economy into unexpected territory.

Fortune

AI is making promises your brand never made. Hotels are paying the price

When algorithms and recommendation engines set guest expectations, the brand gets the blame when reality falls short.

Fortune

The ‘AI superstar’ CEO behind a self-driving truck unicorn on why she’d rather hire Gen Z making the ‘AI-first’ transformation than industry veterans

Raquel Urtasun, founder of autonomous truck startup Waabi, talks to Fortune about unicorn hiring in the AI age: “Fear can paralyze your ability to embrace that change.”

Fortune

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SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire

Johnsen, SpaceX’s longest-tenured and only CFO, is now worth about $1.4 billion.

Fortune

Inside the race to rebuild America’s fuel supply chain for a 'second nuclear age'

A ‘second nuclear age’ looms, but the industry faces a major uranium problem.

Fortune

Our budgeted $180 million year ended in the red after the Ukraine war. Here’s how we survived

A 30% sales crash on a ski trip was the first sign we were in trouble. Four years later, I'm in a new business in a new country.

Fortune

How Elon Musk rewrote SpaceX's story—and turned it into the greatest IPO debut in history

By convincing investors that AI will power his moonshot, SpaceX broke records in its trading debut.

Fortune

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Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access

The directive would even bar Anthropic's own foreign employees from using Fable and Mythos. Anthropic called the government position "a misunderstanding".

Fortune

AI shopping agents are coming. No one is ready for them

Lack of standards around fraud prevention, security, and returns hamper growth of AI agents, experts said at the Fortune Brainstorm Tech conference.

Fortune

AI can be a business's 'secret sauce' or a way of ‘democratizing mediocrity’

AI tools can be the most effective and well-designed in the world, but two people can use the same tool and get to vastly different results.

Fortune

'Buy a ticket for 60 bucks and resell it for $6,000': NYC Mayor Mamdani criticized FIFA's resale market, but his jersey drop created the same thing

The New York City mayor has been very vocal about FIFA's resale market and how ordinary, working class New Yorkers were priced out of a limited supply.

Fortune

Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO

SpaceX’s IPO will crown a few select VC winners. But it’s only the beginning of Hot IPO Summer.

Fortune

Why companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an 'AI hangover'

Building operational AI at scale requires more than just raw algorithmic power, business and tech experts said at Fortune Brainstorm Tech.

Fortune

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

Fortune

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Fortune

'Soccernomics' co-author: FIFA's ticket strategy isn't price discovery, it's a wealth filter

Standard pricing theory says tickets should reflect marginal cost — which is near zero for each additional seat. FIFA offers "what the market will bear."

Fortune

Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI

The SpaceX CEO envisions a world where robots serve humans, and the output of goods and services will far exceed the supply of money, creating deflation.

Fortune

AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs

Speaking at Fortune Brainstorm Tech, the internet pioneer described himself as a “huge optimist” about AI's benefits but warned that the risks are real and predicted the backlash will play out in the 2028 U.S. elections.

Fortune

Astronaut costumes, teenage crypto millionaires, and a $300 million bet: Scenes from the SpaceX IPO

From a prop trader who bet “a car” to an early investor sitting on $300 million, the sidewalk outside the Nasdaq represented everyone in the AI market.

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Fortune

On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’

A combined SpaceX-Tesla could be worth more than $3 trillion.

Fortune

The economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’

“The chamber of dispersion has been opened,” Owen Lamont says. “The beast of volatility has awakened, and the season of chaos is at hand.”

Fortune

With SpaceX IPO, Elon Musk is the world’s first trillionaire—but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’

SpaceX raised $75 billion on Thursday in the largest IPO ever after offering more than 555 million shares at $135 a piece, valuing the company at over $1.7 trillion.

Fortune

Walmart has a message for its 2.1 million workers: AI is going to improve your job, not take it: ‘Technology will power our future’

Walmart is already using AI to design clothes and coordinate trucks—but the $967 billion grocery chain says humans “will lead” the transformation.

Fortune

Ex-Disney star Bridgit Mendler reveals she was rejected hundreds of times by Hollywood—but it primed her for her current job as a space start-up CEO

Bridgit Mendler says her success is fueled by a “very high tolerance for risk”—thanks, in part, to her experience as a Disney Channel star.

Fortune

Live updates from SpaceX IPO debut: SpaceX valuation at over $2 trillion as stock closes at $161.11 following record first day of trading

After 24 years of anticipation, the SpaceX IPO finally debuted at just over $150 a share, turning Elon Musk into the world’s first trillionaire.

Fortune

Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls

The proposed 10 million person limit could ruin Switzerland’s reputation as a business hub and risks harming one of Europe’s strongest economies, business leaders warn.

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