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The Latest Breaking News from Fortune

The University of Michigan wrote Sam Altman’s venture capital firm a $75M check earlier this year for a new fund

The university’s $17.9 billion endowment has also invested directly in OpenAI and in OpenAI’s corporate venture fund, documents show.

Fortune

A quiet cybersecurity revolution is touching every corner of the economy as U.S., allies ‘pull all the levers’ to face new threats

The government is pulling every regulatory lever available to quietly define and enforce mandatory cybersecurity minimums on the entire economy.

Fortune

After Adobe deal died, Figma summoned employees from company-wide PTO to town hall

Some employees were expecting payouts that would allow them to become homeowners.

Fortune

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Sam Altman quietly got $75M from the University of Michigan for a new venture capital fund earlier this year

Fortune discovered the investment into Hydrazine’s fourth fund via a Freedom of Information Act request.

Fortune

Slack undergoes more leadership changes as 3 executives leave, including the COO

Slack has had three CEOs in the past three years, since being acquired by Salesforce.

Fortune

WeWork’s co-working model was supposed to fix traditional commercial real estate–but both the new idea and the centuries-old industry are failing

While billed as an inventive means to insert energy into the workplace, WeWork is built on the foundation of the age-old model that it claims to transform.

Fortune

Americans are losing faith in the news media–but there is ample empirical proof that a free press is the secret to U.S. economic success

A map of press freedom correlates pretty well with places where you would actually want to be born.

Fortune

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The pandemic CEO: How executives who came to power forged the blueprint for a new kind of leader

The Fortune 500 companies that appointed new CEOs in the pandemic outperformed their peers. These 5 traits help explain why.

Fortune

4-day workweek trial threatened with funding cuts by U.K. lawmakers opposed ‘regardless of what the data is saying,’ local leader says

A local council has been threatened with legal action and financial consequences over its four-day week trial, but it's standing firm.

Fortune

The founder of OLIPOP has been dead set on remote work before it became popular, even after 'begrudgingly' considering a return to office

Early on, investors told Ben Goodwin that to succeed, OLIPOP “really, really needed” an office. He’s “thrilled” he didn’t cave.

Fortune

Olipop’s 38-year-old founder reveals his daily routine

Olipop founder Ben Goodwin spends his evenings mixing microbiome-friendly formulas for his next viral sensation.

Fortune

AI could be humanity’s last chance to meet climate goals. Here’s why

AI could mitigate 5 to 10% of global greenhouse gas emissions by 2030–the equivalent of the total annual emissions of the European Union.

Fortune

NY attorney general’s office touts Gemini and DCG lawsuit in renewed push for expanded crypto role

Letitia James is pushing for increased regulatory powers after the Department of Financial Services failed to prevent the collapse of Gemini Earn.

Fortune

Why the CEO of the 12th largest U.S. retailer is a proponent of self-checkout despite uptick in theft

Ahold Delhaize unloaded FreshDirect after less than three years as it became clear how tough e-commerce is for grocers.

Fortune

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Fortune

The University of Michigan’s $17.9B endowment has trimmed down its private fund investments

The endowment cut back its new investments in venture capital and private equity by more than 40% in the 12 months ending in June 2023, according to documents reviewed by Fortune.

Fortune

Stressed-out employees are multitasking to survive virtual meetings–and bosses hate it

'Our meeting culture needs an overhaul,' writes Dr. Gleb Tsipursky.

Fortune

Our condo went up so much in value we were able to cash in and buy our dream home—and we're happy to swallow a mortgage twice as big until rates come down

"Mortgage rates were not going to change our plans. We weren't going to base our lives on that."

Fortune

6 ways to avoid holiday travel stress, stay mindful on the go, and fly with ease

It’s time to meditate at the gate.

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Fortune

The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands

Declining mortgage rates are “breathing new life” into housing market, Redfin says.

Fortune

Everything we learned at Brainstorm AI this year

When Fortune hosted the event last year, ChatGPT had just been released. This year, as the seminal generative AI tool celebrates its one-year anniversary, attendees had loads of real-world experience to report and dig into.

Fortune

GM to 'rip off the Band Aid and significantly cut costs' by laying off 1,300 workers amid its transition to EVs

The layoffs will affect workers at two plants in Michigan as GM winds down production of its Chevrolet Bolt and Camaro models.

Fortune

An army of 100 million bots and deepfakes—buckle up for AI's crash landing in the 2024 election

With generative AI tools it's easier than ever to spread misinformation. And with a presidential election around the corner, a growing number of people are sounding the alarm.

Fortune

250 years after the Boston Tea Party, America still struggles to navigate its complex relationship with tax

There are more than 13,000 taxing jurisdictions in the U.S.–and over 900 tax types that a tea merchant can encounter selling domestically and abroad.

Fortune

Google's VP for Bard wants the chatbot to book her kids' summer camps

Google VP Sissie Hsiao oversees Google Assistant and Bard, the tech giant's ChatGPT competitor.

Fortune

IPO candidate Shein under fire by Temu—again—over alleged bullying, intimidating suppliers in new lawsuit

The lawsuit is the latest barrier to the fast fashion retailer as it seeks a public listing in the U.S.

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