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The Latest Breaking News from Fortune

AI’s free-for-all phase may be coming to an end—as companies start counting the cost

Executives at VivaTech say the rush to deploy AI is giving way to tighter controls, a shift to cheaper models, and a growing focus on what actually delivers returns.

Fortune

Michael Burry Skips SpaceX Short Bet Over Expensive Options Pricing

Michael Burry passed on betting against SpaceX stock, citing pricey options. Here is what the "Big Short" investor said about the company's near-$3 trillion valuation.

Barchart

Dario Amodei has only 1 direct report, his chief of staff—and everyone else reports to his sister: ‘It’s incredibly freeing’

As $965 billion Anthropic prepares for an IPO, the AI firm’s CEO, Dario Amodei, admits he’s been managing only one person—and passing the rest to his sister.

Fortune

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Google DeepMind has a plan to protect itself from its own rogue AI agents

For years, AI safety research focused on “alignment.” The Google DeepMind road map assumes some AI agents may go rogue, and focuses on monitoring and access control.

Fortune

Meet Steven Schwartz: The Gen Z founder who sold water bottles as a child and built a $1.6 billion company creating 650 millionaires

Whop has emerged as a fast-growing layered digital marketplace reshaping how creators monetise online audiences through courses, communities, tools and niche digital products. Unlike traditional platforms, it enables individuals to build multiple income streams by serving tightly defined micro-niches that scale through volume rather than celebrity influence. Founder Steven Schwartz,…

The Times of India

Kevin Warsh’s hawkish tone: What CEOs need to know about rates today

Also: All the news and watercooler chat from Fortune.

Fortune

Tech CEO Replaced 80% of Staff After Workers Refused to Embrace AI: 'Would I Do It Again? Absolutely'

IgniteTech's decision to replace 80% of its workforce for resisting AI adoption is changing how businesses innovate. Explore the challenges and benefits of workforce restructuring in the AI era.

International Business Times UK

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Meet the CEO of US Polo Assn: He grew up in one of America's poorest regions and now hosts Prince William and runs a $2.7 billion brand

The U.S. Polo Assn. CEO studied accounting when millennials and boomers were abandoning it—and it opened the door to a $2.7 billion career in luxury fashion.

Fortune

The G7 just pledged to break China's rare earth grip — there’s a lot of work to do

Seven of the world's largest economies want to cap China's rare earth dominance at 60% by 2030. Experts say "it's definitely a bold target."

Fortune

Vanguard's alarming state of retirement in 2026: The average American has $167,970 in their account—or they have $44,115

It depends on who you ask—and who you are.

Fortune

PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades

Roelof Botha, who spent more than two decades at VC firm Sequoia Capital, first worked with Elon Musk at PayPal.

Fortune

‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back

When fear of failure strikes, Aravind Srinivas, the CEO of AI giant Perplexity, reminds himself that just having a job was once the bar for success.

Fortune

Steven Schwartz, Whop founder who sold water on China's streets, created 650 millionaires. Meet the 26-year-old grabbing headlines

Steven Schwartz, a 26-year-old entrepreneur, co-founded Whop, a social commerce platform now valued at $1.6 billion. He once sold water on the streets of China and today, he is the head of one of the fastest-growing digital commerce platforms in the world. His idea is to make work more fun.

The Economic Times

Exclusive: A 21-year-old Stanford grad just raised $11 million to put a hormone lab on your wrist

As Oura and WHOOP expand into women's health, startup Clair Health has raised $11 million to build a wearable designed from the ground up to continuously model hormonal cycles.

Fortune

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Fortune

Michael Burry is ‘tempted’ to face Elon Musk’s wrath, but says SpaceX put options aren’t enticing enough for ‘fundamentally a small space company’

“I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

Fortune

TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up

Also: All the news and watercooler chat from Fortune.

Fortune

The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

Nuri Katz has spent 34 years moving the world’s ultrarich from one country to another, and now Americans top the list: “I’ve never seen that before.”

Fortune

The new problem for millennial parents in the Northeast: The million-dollar starter home

The first rung on the property ladder now costs seven figures in a record 242 cities, a new Zillow report shows.

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news in one place.

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Fortune

He fled Iran for the American Dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer

This health tech millionaire fled Iran with nothing. Now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.

International Business Times UK

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

Fortune

Citi, Ford, and Experian share their strategies for scaling AI agents

AI agents require trust. And building trust takes time. At Fortune Brainstorm Tech, business leaders discussed how they're making it work at their companies.

Fortune

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

'Making China the elephant in the room': The G7 confronts its reliance on U.S. AI and Chinese energy supply chains, experts say

With U.S. export controls on Anthropic boxing out allies and China controlling the minerals behind clean energy, the summit's AI and trade goals might be stymied.

International Business Times UK

Who Is Michael Truell? The 25-Year-Old Cursor CEO Behind Spacex's $60 Billion Deal Option

Cursor CEO sold his AI coding startup to SpaceX for $60bn. The MIT dropout became Silicon Valley's fastest-rising tech entrepreneur but tech community is divided over this record-breaking acquisition.

Fortune

Anthropic shutdown ignites calls for sovereign AI across Europe

Washington’s decision to cut off access to Anthropic’s newest frontier AI has forced Europe into a reckoning.

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