Bobby Healy is at peace with his drone delivery enterprise being unsexy. “Think of us like a low-cost airline,” the Manna CEO told Fortune. That pitch just landed him $50 million. Manna, the Irish drone delivery startup, closed a Series…
The problem with an increasing debt burden is that it costs more to maintain it: This is precisely the issue with which the U.S. Treasury is wrangling at present. As total U.S. national debt ticks over $39 trillion, the interest…
There was a moment, not long ago, when “shadow AI” felt like a good-news story. Workers were sneaking ChatGPT and Claude past the IT department, using personal accounts to do what used to take hours in minutes. An MIT study…
In a world of geopolitical tension, infrastructure vulnerabilities, rising cyber risk and increasingly concentrated global technology supply chains, that question has become even more critical. It goes to the heart of digital sovereignty, which is not only defined by where…
Corporate America has entered the era of the megamanager. For years now, employers have assigned more and more workers per boss in an effort to minimize the cost of managers and accelerate decision-making. But there’s one titan of industry bucking…
Delta Air Lines CEO Ed Bastian has never wavered in his commitment the same bet: that Americans will pay more for a better experience in the sky. Fifteen years in, the strategy is paying off. The airline now commands roughly…
American workers are up against a housing crisis so dire that many have written off their dream of homeownership altogether. Now, one Wall Street employer is stepping in to help their wish come true with thousand-dollar payouts. The oldest bank…
The quest to unmask Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, has been going on for more than a decade now, and resulted in some embarrassing misfires. The most notorious came in 2014 when Newsweek magazine dropped a bombshell cover…
Meta has unveiled Muse Spark, the first AI model produced by its Meta Superintelligence Labs, the new AI research unit it created last year and has spent billions of dollars to staff and equip. The model is, according to benchmark…
An advisory firm that counsels the largest institutional investors on how to vote at shareholder meetings is recommending investors support Warner Bros. Discovery’s $77.7 billion acquisition by Paramount Skydance but is against a golden-parachute proposal that would see executives collect…