Airbnb Inc. Chief Executive Officer Brian Chesky is starting a new artificial intelligence lab, according to several people familiar with the matter, marking his first foray into the global AI race. Chesky plans to create an AI venture to develop…
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity official.…
When Joe Ngai, McKinsey’s Greater China chair, first began to test-drive his point that “the next China is still China” on social media, the world’s second-largest economy was in a post-COVID slump. Sluggish consumption and a property market crash were…
American homebuyers have found plenty of villains for today’s brutal housing market: the Federal Reserve, Wall Street landlords, even their baby boomer parents who refuse to move. But Bank of America Research argues the real culprit is hiding in plain…
Union Pacific CEO Jim Vena said he’s not interested in the federal government acquiring a stake in UP’s massive, $71.5 billion acquisition of Norfolk Southern—after President Trump expressed his interest to Fortune in owning a part of what could be…
Alphabet shareholders are set to vote on Friday on a resolution that calls for greater transparency over the risks posed by government use of Google’s cloud and AI technology. The vote has gained momentum after Norges Bank Investment Management (NBIM),…
Anxiety about AI is real, and it feels like it’s everywhere. Proclamations of AI-driven job losses and grassroots movements opposing data center construction make AI fears sound as if they’re universal, but there is a geography underlying the backlash against…
For the past 13 years, Walmart sat atop the Fortune 500 as America’s revenue king. But this year, Amazon pulled off what once seemed unthinkable: overtaking the $930 billion market cap retail giant and ushering in a new phase in…
Mention of Brazil’s ‘market reserve policy’ is still capable of sending a chill through technology enthusiasts of a certain age. Introduced in the 1970s, when the country labored under a military dictatorship, the policy sought to impose a ‘Brazil-first’ approach to new developments in computing and data-processing. Imports of…
Anthropic, most recently valued at $965 billion, has confidentially filed for an IPO—gearing up for what could be one of the largest public offerings in history. Details on the share count and price range won’t be officially disclosed until the…