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The senator is introducing a bill that would give Americans 50% ownership of the country’s biggest AI companies if they become profitable.
Lux Capital led the investment, which values the Stanford graduate’s exchange at $300 million.
"Employers are changing what they ask for in entry-level roles," Dan Priest, PwC's U.S. chief AI officer, told Fortune.
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.
As $965 billion Anthropic prepares to IPO, the AI firm’s CEO Dario Amodei admits he’s only been managing one person—and passing the rest to his sister.
Sen. Ruben Gallego sent letters outlining his concerns on Thursday to the Department of Labor and Federal Trade Commission.
Six months into his mayoralty he's already toppling incumbents, defying Hakeem Jeffries, and giving the GOP a lot to think about.
"Instead of tanks and fighters and air defenses, the focus has been on gender equity and climate change and defense austerity," he said, inaccurately.
The EU is fast-tracking IMEC, undersea power cables and Gulf pipeline deals — but all options run through an Israel-Saudi normalization that may not come.
Challenger, Gray & Christmas projects record-low teen hiring this summer as inflation, cautious employers, and AI squeeze out entry-level jobs.
The self-described “Austinpreneur” founded the venture capital firm Capital Factory. He died when a small jet crashed on a Texas highway.
For years, AI safety research focused on 'alignment.' The Google DeepMind roadmap assumes some AI agents may go rogue, and focuses on monitoring and access control.
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Maverick Capital's co-CIOs Ben Silver and David Tykocinski have spent four years quietly outperforming their peers.
Everything you need to know before you reach the office this morning.
Legora’s AI is shaking up the legal profession, while its Jude Law-fronted ad campaign has made law a dinner-party topic.
Also: All the news and watercooler chat from Fortune.
Whatnot—which in October raised a $225 million Series F, with an $11.5 billion valuation—has been in the midst of a serious growth spurt.
Jennifer Biry was named AT&T's next CFO, bringing a blend of telecom, tech, and operational experience.
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.
Anne Hathaway received the same AI-written thank you note from every candidate—and Meryl Streep said what every boss is thinking: "That's just tragic."
From semiconductors powering the AI boom to 360-year-old manufacturers adapting to the green economy, here are the organizations driving the European economy forward.
"That was hawkish Kevin talking," according to the "Fed whisperer," Jon Hilsenrath.
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."
In his inaugural meeting as Federal Reserve Chairman, Kevin Warsh announced that interest rates will remain unchanged at 3.5% to 3.75%. Acknowledging ongoing economic challenges, including inflation and geopolitical tensions, Warsh emphasized the Fed's commitment to maintaining price stability while navigating political pressures. ## BODY: In a pivotal moment for the U.S. economy, **Kevin Warsh** delivered his first statement as Chairman of the Federal Reserve, confirming that the base interes
The number of frozen yogurt servings sold in the year leading up to March rose 26%, according to Circana.