Bank of America told investors to “take profits” on June 5, and many of them did.…
Category: Finance News
At Brainstorm Tech, executives say finding ROI from AI comes from first principles thinking
Hello and welcome to Eye on AI. In this edition…highlights from Fortune Brainstorm Tech…Anthropic walks back…
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
It’s been widely reported that SpaceX will provide its underwriters a “gross spread” of just 0.75%…
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
Asia’s boardrooms are full of AI ambition. Over the past three years, companies have launched pilots,…
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
To compete with China, the U.S. defense industry must leverage private venture capital and dual-use technologies…
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
When the Buffalo Bills open their $2.2 billion Highmark Stadium this September, they’ll be opening the…
As SpaceX goes public, a $100 billion shadow market faces a reckoning
A day ahead of the spectacle of SpaceX’s IPO, the much-anticipated trillion-plus valuation of the company—a…
The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months
The man who built the tool that’s rewriting how software gets made hasn’t touched a keyboard…
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
The specter of higher-than-2% inflation has loomed over the economy since the pandemic. But just as…
Meet the SpaceX employees who could become multimillionaires thanks to its IPO—even welders
As markets brace for what could become one of the most consequential public offerings in modern…
Brazil’s biggest soccer broadcaster Is now a guy who started on Twitch. He beat Globo
In Brazil, home of soccer-mad fans and the five-time world champions, the only way to watch all…
Gordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing
Gordon Ritter is Founder and General Partner at Emergence Capital, where he led the first major…
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
Hi, this is Amanda Gerut pinch writing for Allie Garfinkle from Aspen where we just wrapped…
What Anthropic’s Mythos-class Fable 5 means for CEOs governing AI: ‘Oh God, no! Not another thing:’
Good morning. I was speaking with a CEO in financial services this week when I noticed…
Meet the Fortune Crypto 100: A ranking of the very best companies in blockchain
In 2010, “crypto” consisted of the Bitcoin blockchain and a motley group of visionaries, builders, and…
South Korea fines Coupang record $409 million for data breach
A South Korean regulator fined the country’s largest e-commerce platform, owned by U.S.-listed Coupang Inc., a…
Trump’s H-1B shift is a bold reform that will power U.S. workers and immigrant dreamers alike
America just told the world’s governments: stop shipping us your best and brightest. Make your own…
The space economy’s next frontier is in ground infrastructure, Northwood Space CEO says
In the last six years, a surge of satellites in orbit has triggered what Northwood Space…