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The Latest Breaking News from Fortune

Nearly half of companies are turning to poor ‘peanut butter’ raises—following the same pattern of the 2008 recession, an expert says. And it could take years to recover

Even if you land a job in the current market, peanut butter raises mean you probably won’t get a sizable raise. One expert warns that pay budget increases were stuck at about 3% for a long time after the Great Recession.

Fortune

Steve Jobs adopted a no ‘bozos’ policy—here are his 3 best management tips

Hiring only for “professional management” doesn’t work, Steve Jobs said.

Fortune

Amazon CEO Andy Jassy says sucking up to your boss won’t earn their trust

Want to earn the trust of your boss and peers? Sucking up to them won’t do the trick, says Amazon CEO Andy Jassy.

Fortune

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Anthropic claims 3 Chinese companies ripped it off, using its AI tools to train their models: ‘How the turn tables’

Anthropic, which settled a copyright claim by thousands of authors for $1.5 billion months ago, claims the Chinese firms used “distillation” techniques.

Fortune

The AI leadership reckoning is here

Your CEO is in danger and generational change is afoot.

Fortune

‘It’s going to be painful for a lot of people’: Software engineers may not exist by year end, says creator of the AI program freaking out the market

Boris Cherny says Claude Code has been writing all of his code since November.

Fortune

How a $280 billion tobacco company plans to grow by getting smokers to quit cigarettes

Philip Morris International says its future is smoke free. Getting there requires turning cigarette smokers into new customers.

Fortune

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Exclusive: As AI threatens search, Profound raises $96 million to help brands stay visible

The Lightspeed-led round values the 18-month-old startup at $1 billion as marketers race to understand—and shape—how ChatGPT and other AI systems describe them.

Fortune

‘Students can’t reason’: Teachers warn AI is fueling a crisis in kids’ ability to think

The findings come from a major, yearlong “premortem” conducted by the Brookings Institution’s Center for Universal Education.

Fortune

Why having a chief accounting officer is a secret weapon for CFOs — extending their tenure and making it more likely they’ll become CEO

Research points to a lever for retaining CFOs.

Fortune

Why the exploding secondaries market is hard to pin down

New PitchBook data estimates that in 2025, somewhere between $62.5 billion to $120.9 billion were traded in U.S. direct secondaries.

Fortune

Jamie Dimon’s got some advice for investors riding high on asset prices: ‘Take a deep breath and watch out’

“If you read history books, there are a lot of examples where you could get surprised,” Dimon told analysts yesterday.

Fortune

With his tariff plan in tatters, Trump vows ‘to do absolutely terrible things to foreign countries … in a much more powerful and obnoxious way’

Foreign trade partners of the U.S. are losing their patience with the White House.

Fortune

The viral 'Ghost GDP' essay predicting a devastating AI doom loop is a warning to CEOs as they decide how much work to automate

Also: All the news and watercooler chat from Fortune.

Fortune

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Olympic runner Mo Farah has a message for struggling Gen Z: ‘I was child-trafficked … but I never gave up on myself’

From human-trafficking survivor to Olympic champion, Mo Farah has a message for Gen Z: Life will knock you down, but your success is your responsibility.

Fortune

Discord distances itself from Peter Thiel–backed verification software after its code was found on a U.S. government server

Discord used at least three separate age-verification vendors since October after a third-party vendor breach hit 70,000 users.

Fortune

Scientists are pushing back on warnings that microplastics damage your health, saying people are just obese and calling some studies 'a joke'

Some scientists are saying previous studies warning of the damage microplastics may cause are exaggerated and are false positives triggered by human fat.

Fortune

Singapore's Singtel partners with Nvidia to build a research lab for companies that care about data sovereignty

Singtel is leaning into its AI and data center business as its mobile services business faces more competition.

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Fortune

Sam Altman gets defensive about AI’s massive electricity usage: ‘It takes a lot of energy to train a human’

Altman said data centers have moved past water-intensive cooling, but 56% globally still use evaporative systems.

Fortune

Stablecoins could finally bring cross-border payments into the digital age, argues XTransfer CEO Bill Deng

Deng says digital tokens could modernize business payments still bogged down by PDFs and emails.

Fortune

U.S. debt concerns weigh on Trump's plan to supersize the Pentagon's budget to $1.5 trillion, highlighting this law about great-power status

“This will allow us to build the ‘Dream Military’ that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe,” Trump said.

Fortune

Crypto VC Framework Ventures to take $45 million stake in Better.com as mortgage issuer plans to launch ‘Home Token’

The tie-up comes as Better.com becomes the latest firm to dabble in the emerging field of tokenization.

Fortune

OpenAI has changed its mission statement 6 times in 9 years, most recently about AI that 'safely benefits humanity'

It’s still committed to creating something that will benefit humanity. It’s unclear why it doesn’t want to do so “safely” anymore.

Fortune

Trump’s tariffs: a lesson in economic and legal ignorance

Have tariffs created more jobs, or an economic boom? Not if you look at the data.

Fortune

In less than a year, Trump erased 12 years of solvency for the trust fund that pays for Medicare Part A

The CBO estimates that benefit reductions would start at 8% in 2040 and steadily climb to a 10% cut by 2056.

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