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The Latest Breaking News from Fortune

AMD’s billionaire CEO says AI is overwhelming right now—but she disagrees with former Google exec who predicts the tech will be a job-killer

As AI wipes the job market for Gen Z, AMD CEO Lisa Su insists she’s still hiring at the $300 billion semiconductor company—and believes humanity will not be outpaced by AI.

Fortune

Harvard study reveals airlines padding schedules as long flight delays quadruple since 1990

“It’s kind of a pessimistic story,” Maxwell Tabarrok said.

Fortune

Memecoins are fusing with popular culture, and their influence will grow, says crypto pioneer Olaf Carlson-Wee

Crypto is going mainstream: What the next five years will look like.

Fortune

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Exclusive: Former Goldman Sachs exec heads to crypto startup founded by former Meta engineers

Mustafa Al Niama was head of the Americas division of Goldman Sachs’ digital assets desk.

Fortune

U.S.-China chip war: How Trump’s Nvidia-AMD deal has redefined Washington’s export control policy

One dismayed Democratic lawmaker said the move signals to China “that American national security principles are negotiable for the right fee.”

Fortune

New Cisco CFO takes helm amid $2 billion in AI orders

Mark Patterson shares his top priorities as Cisco's finance chief.

Fortune

AI spending added 0.5% to GDP growth, and the Magnificent 7 stocks are driving the market

The S&P 500 is up 10% this year, driven largely by tech companies that are spending heavily on AI.

Fortune

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Startup down rounds are at a ten-year high, according to PitchBook data

PitchBook data revealed that 15.9% of venture-backed deals in 2025 to date have been down rounds, marking a decade high.

Fortune

BlackRock exec Rick Rieder says this is the ‘best investing environment ever.’ He’s conveniently in the running for next Fed chairman

While Rieder’s dovish stance aligns with President Trump’s, the BlackRock exec’s acknowledgment of tariff-driven inflation may test his appeal at the White House.

Fortune

There’s one small problem with Trump’s export deal with Nvidia and AMD: The Constitution says it’s illegal

Also: All the news and watercooler chat from Fortune.

Fortune

Singapore transport operator ComfortDelGro now generates more revenue from overseas than its home base

Revenue from operations in the U.K., Europe, Australia, New Zealand, and China now makes up more than 50% of the Singapore transport operator’s total revenue.

Fortune

Elon Musk broadens his long-running feud with OpenAI’s Sam Altman by bringing in a third party: Apple

Musk is unhappy with how Apple is promoting ChatGPT, a rival to his own Grok.

Fortune

Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs

“We stand by the results of this study,” Goldman economist David Mericle told CNBC’s Squawk on the Street on Wednesday.

Fortune

Bessent says unusual Nvidia, AMD revenue-sharing deal could be a ‘model’ for other industries

Bessent called the deal “unique,” before suggesting that it could be a lot less unique soon. Scholars have another word: unprecedented.

Fortune

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Perfect storm to hit Obamacare: Millions of Americans could see insurance premiums surge 75% in 2026

Surging medical costs, pricey new drugs, and the looming end of enhanced subsidies could push ACA Marketplace premiums to their highest levels in years.

Fortune

Is Perplexity the next Google?

Perplexity's AI web browser, Comet, is mighty impressive, but the company also made an audacious $34.5 billion unsolicited bid to buy Chrome off Google.

Fortune

Ray Dalio was so broke early in his career he had to borrow $4,000 from his dad—and learned 2 key lessons that set him on the road to billionaire status

“Nobody does everything perfectly, not even Warren Buffett,” Dalio told David Rubenstein in conversation at the 92nd Street Y.

Fortune

The gap between higher- and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says

Coming out of the pandemic, Bank of America Institute’s David Tinsley tells Fortune, “there was a narrowing of wealth inequality, and now it’s widening.”

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Fortune

Even a 1% mortgage rate drop could be enough to 'unlock' the frozen housing market, Oxford Economics says

A lower rate should be “enough of an incentive” for some homeowners to sell their homes and trade up, opening up inventory.

Fortune

Switzerland warns its companies that no, they can't dodge Trump's tariffs by routing goods through the tiny neighboring country of Liechtenstein

The two neighbors have had a century-long treaty allowing Liechtenstein to share Switzerland’s economic area and engage in free trade.

Fortune

As degrees get branded worthless, LinkedIn’s just revealed the universities that give Gen Z the best shot at corner office jobs

Move over Harvard and Columbia, Princeton and Duke are the schools most likely to fast-track Gen Z to the C-suite.

Fortune

Applebee's and IHOP's CIO places AI bets that can boost traffic and improve the dining experience

Dine Brands CIO Justin Skelton says generative AI bets must boost traffic, improve the guest experience, or make workers more productive.

Fortune

How Binance’s Yi He became ‘the most powerful woman in crypto’—and steered the company past its biggest ordeal

In 2023, Yi He had to face down an enormous business challenge at Binance—one that was very personal as well.

Fortune

AMD CEO won’t offer $100 million salaries to poach talent like Mark Zuckerberg. She says it’s more important staff don’t feel like ‘a cog in the wheel’

Lisa Su, CEO of $284 billion semiconductor titan AMD, is in agreement with Anthropic leader Dario Amodei that nine-figure pay packages can’t buy innovation or loyalty.

Fortune

Hand soap recalled for bacterial infection that could cause sepsis

Serious news, but also incredibly ironic.

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