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The Latest Breaking News from Fortune

Little-known underground salt caverns could slow the AI boom and its thirst for power

Power demand, gas production, and pipeline and power plant construction are soaring, but the storage space for natural gas is running out.

Fortune

‘It’s a cage match’: Beleaguered iRobot founder says the biggest reason why the Roomba-maker failed was because of growing Chinese competition

“The marketplace was not a level playing field,” Colin Angle said, noting China has incentives and discounts for consumers who buy domestic products.

Fortune

Chaos, cheap money, and a collapse in crypto send gold to new record high

With two live armed conflicts over oil, weakness in the dollar, and Bitcoin off the menu for anxious investors, gold is the beneficiary, analysts said in emails sent to Fortune.

Fortune

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Mark Cuban says AI allows 'creators to become exponentially more creative,' but his advice didn’t land well with people working in the industry

“All you can see is dollar signs and ‘value’ instead of theft, exploitation, and job displacement,” one creative said in response.

Fortune

Meet the Chanel chief who hires for personality over talent or skills—those with ‘big egos, want to work solo or are mercenaries’ don’t pass go

Exclusive: As Gen Z fights to stand out in one of the most competitive job markets in decades, Chanel says it’s looking for personality hires.

Fortune

An Iowa company that builds wood chippers doesn't care about your AI buzzwords: 2 Silicon Valley CEOs get real about the hype-slop-cycle

"I don't think they come to us looking for AI other than, 'please, for God's sake tell us what it means for us.'"

Fortune

Avatar: Fire and Ash's $88M Opening Raises Doubts Over Cameron's Plans for Next Movies

Third instalment earns $345 million globally, but domestic performance lags behind predecessors, threatening Cameron's ambitious five-film saga

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How the OpenAI vs Google battle looks through the lens of Michael Porter's '5 Forces' analysis

Also: All the news and watercooler chat from Fortune.

Fortune

A top global design alliance is embracing AI to 'let designers focus more on empathy and creativity'

Many designers are increasingly warming to the idea of incorporating AI in design, says Cecilia Brenner, the managing director of Design for Good, a global design charity.

Fortune

Will.i.am grinds from 5-to-9 after his 9-to-5—because work-life balance is for people 'working on someone else’s dream' and not for visionaries

When Will.i.am’s not writing hit songs like “OMG” for Usher, he’s looking for the next big pop star on The Voice U.K. or running his new AI company, FYI. He tells Fortune he balances it all by ditching work-life balance: ”Those words don’t compute for the materializers.”

Fortune

Tom Freston, the beat-poet exec who made MTV cool for 20 years, sees ‘really nothing in it for the consumer’ from Netflix, Warner, or his old company

The ex–Viacom and Paramount chief is as proud of his new book as he is aghast at MTV leadership: “They’ve run it into the ground over the last 15 years.”

Fortune

Is AI really killing finance and banking jobs? Experts say Wall Street’s layoffs may be more hype than takeover—for now

“I think there’s a little bit of smoke and mirrors there,” said NYU Stern’s Robert Seamans.

Fortune

Shield AI’s new CEO says the $5.6B defense tech startup is at an inflection point

After eight months spent tweaking its surveillance drone in Ukraine, demand for Shield AI’s V-BAT is ramping up in Europe and Asia.

Fortune

'They'll lose their humanity': Dartmouth professor says he's surprised just how scared his Gen Z students are of AI

A lot of Scott Anthony's students are excited to use AI, he told Fortune, but a meaningful portion are "scared full stop." They have "hesitation and fear."

Fortune

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Fortune

Gen Z is open minded about blue-collar work and the Fords of the economy need them — but both sides are missing each other

Clinton Crawford, an automotive technician, said college was pushed on his kids. “That’s good, if that’s for you, but I don’t think it’s for everyone.”

Fortune

Sam Altman says he's '0%' excited to be CEO of a public company as OpenAI drops hints about an IPO: 'In some ways I think it'd be really annoying'

Reports of OpenAI’s plans to go public coincide with Altman declaring a “code red” for the company, something he said he plans to do multiple times in the foreseeable future.

Fortune

Roblox CEO David Baszucki went from window cleaner to billionaire tech leader. He says a secret to success has been trusting his gut

Well-meaning advice nearly derailed David Baszucki’s career. The billionaire video game founder learned the hard way that following your gut is the best path to success.

Fortune

Exclusive: Cursor acquires code review startup Graphite as AI coding competition heats up

The deal gives Cursor, currently valued at $29 billion, more code review and debugging capabilities.

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Fortune

BP's C-suite milestone: Women in both the CEO and CFO seats

Woodside Energy leader Meg O’Neill will join BP as CEO, alongside finance chief Kate Thomson.

Fortune

Inside OpenAI’s ‘code red’

Fortune’s tech team recently dove into what’s going on behind the scenes at OpenAI.

Fortune

The CEO behind the world’s top sleep and meditation app says most leaders are operating at ‘about 20%’ without a ‘fully recharged’ battery

David Ko noted most executives will say they’re good when you ask how they are. Some additional interrogation suggests the opposite is true.

Fortune

BBDO International CEO: The biggest risks are the ones not taken

Also: All the news and watercooler chat from Fortune.

Fortune

The new American Dream has parents easing up on college expectations for their kids: 35% are now open to trade school instead

“Parents are waking up,” one career strategist says. “College doesn’t carry the same [return on investment] it once did.”

Fortune

Walmart’s women truckers surge thanks to $115,000 starting pay and other perks bringing in nontraditional candidates

Women make up an estimated 18% of Walmart’s truck drivers, compared to 9.5% in the industry generally.

Fortune

How Salient, an AI loan processing startup valued at $500 million, grew ARR to $25 million in two years

Salient cofounder Ari Malik built AI to automate loan servicing, turning collections calls into a high-growth business now valued around $500 million.

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