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The Latest Breaking News from Fortune

As OpenAI restructures, Microsoft locks in long-term gains

OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to research methods

Fortune

Elon Musk’s ‘polarizing and partisan actions’ may have cost Tesla more than 1 million U.S. EV sales, Yale study finds

“The easiest thing to say is, don’t antagonize your core customers,” Yale economist and study author Kenneth Gillingham said.

Fortune

International laws need to be updated for a ‘machine-governed economic system,’ says CEO of stablecoin giant Circle

Jeremy Allaire said at the Fortune Global Forum that the rise of technologies like AI and crypto will prompt governments to craft new legislation for corporations over the next 10 years.

Fortune

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Chegg's CEO once said he's the 'poster child' for AI shock. Now, the company is slashing 45% of staff

The edtech pioneer cuts 388 jobs and brings back Dan Rosensweig as CEO, underscoring how generative AI and shrinking Google traffic are reshaping student learning—and testing Chegg’s turnaround bet.

Fortune

How employee ownership can uplift Gen Z's labor force

The newest generation of American workers feels unheard in the places that depend most on their ideas and energy.

Fortune

AI stock valuations aren’t wrong—they’re just not right ... yet, says JPMorgan assets boss

“The question is, How fast will we grow into those multiples?” JPMorgan’s Mary Callahan Erdoes told an audience at the Fortune Global Forum.

Fortune

Google’s Ruth Porat: To unlock AI’s upside, rethink every process

"I think we are living in an extraordinary time," Porat said at the Fortune Global Forum.

Fortune

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Netflix and Amazon Prime are using AI algorithms that hide content from some users, media executive says

“The larger problem comes in distribution and the use of algo when content is being shown,” Reliance Industries media president Jyoti Deshpande said.

Fortune

Ray Dalio is guided by gratitude: Why CEOs need to find their codifying principles

Also: All the news and watercooler chat from Fortune.

Fortune

The world is about $4.5 trillion short of securing a sustainable food supply for the future, global food and ag business CEO says

Verghese estimated the world requires 593 million hectares of land—twice the size of India—every year for crop cultivation at current productivity growth rates.

Fortune

WTO director-general says calling the trade wars the greatest disruption since the 1930s is 'the understatement of the century'—but it's not a repeat

"I think that a lot of the criticisms made by the U.S. of the system are valid," Dr.  Ngozi Okonjo-Iweala said at the Fortune Global Forum.

Fortune

Ferrari is building the sleekest electric vehicle on Earth—but among those who can afford it, very few will have the opportunity to buy it

The Italian luxury carmaker's reputation for innovative design and technology prowess works hand-in-hand with a tight supply to elevate its mystique.

Fortune

Warren Buffett's Berkshire Hathaway and Zillow say mortgage rates can't fall enough for Americans to afford a home

Mortgage rates are more than 6%, but one Zillow analyst says even a 0% interest rate still wouldn't make a typical home affordable in some areas.

Fortune

Kendra Scott says she launched her billion-dollar business from her bedroom with just $500—when she was pregnant with her first son

Scott started at the bottom, but is now one of the few women in the U.S. to have founded a billion-dollar company.

Fortune

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Fortune

Nobel Prize winner says Venezuela has a ‘unique’ $1.7 trillion opportunity to privatize over 500 companies and reverse socialist ‘disaster’

Venezuela has the world’s largest oil reserves, but “our people don’t even have gas even to cook. That’s a disaster,” María Corina Machado told Fortune.

Fortune

Melinda French Gates says work is 'very broken' for women

Billionaire philanthropist Melinda French Gates launched a $60 million grant competition to discover bold, future-of-work ideas that remove barriers women face in the workplace.

Fortune

A decade into Saudi Arabia's Vision 2030, the non-oil sector makes up 56% of $1.3 trillion economy

Also: All the news and watercooler chat from Fortune.

Fortune

Delta CEO predicts Americans will soon be ready to travel to Riyadh as he launches first-ever direct flights from the U.S. to Saudi Arabia

Acknowledging that “Americans aren’t quite sure” about visiting, Delta CEO Ed Bastian told Fortune that the route will be popular—eventually.

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Fortune

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Fortune

Ray Dalio says America is developing a ‘dependency’ on its top 1% of workers, while the bottom 60% are struggling and unproductive

“I think the issue is very much that you can’t look at the U.S. as a whole nowadays,” the Bridgewater Associates founder said at the Fortune Global Forum in Riyadh on Monday.

Fortune

Barclays reenters Saudi Arabia 11 years after exiting business

Investment Minister Khalid Al-Falih said at the Fortune Global Forum: “People have seen that the kingdom is a long-term partner. We’re not transactional.”

Fortune

AI and tech are potentially the biggest equalizers Africa has ever seen, former Nvidia exec says

"Within the next five to 10 years, we're going to see African intelligence being exported in other countries across the Global South."

Fortune

Inside the $22 trillion world of private capital, an asset class so big it would be the world's second-largest economy

And a look inside the $1.5 trillion-$3 trillion private credit space that is emerging within it as the backbone of the great data-center buildout of 2025.

Fortune

'The Bermuda Triangle of Talent': 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

Simon van Teutem talked to Fortune about “the illusion of infinite choice, and the social status … You’re always looking for the next level, the Harvard after Harvard, the Oxford after Oxford.”

Fortune

Saudi Arabia's minister of investment on Vision 2030 and the world's search for reliable partners

In conversation with Fortune Editor-in-Chief Alyson Shontell, H.E. Khalid Al-Falih described a world where "everyone is concerned" about supply chains.

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