A day ahead of the spectacle of SpaceX’s IPO, the much anticipated trillion-plus valuation of the company—a Frankensteined creature of Elon Musk’s dreams and realities—is emerging as an investor Rorschach test. Some will see cosmic potential, while others will see…
U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing…
Bank of America told investors to “take profits” on June 5, and many of them did. Savita Subramanian’s strategy team flagged seven of the firm’s 10 bear-market signposts—five already triggered by April, plus two more in May—and told clients to…
Hello and welcome to Eye on AI. In this edition…highlights from Fortune Brainstorm Tech…Anthropic walks back a controversial decision around its new Fable model…OpenAI considers slashing prices…Meta looks to boost subscription revenue…and Anthropic’s Dario Amodei has a new AI policy…
It’s been widely reported that SpaceX will provide its underwriters a “gross spread” of just 0.75% or less for shepherding the biggest initial public offering of all time. According to Jay Ritter, a professor at the University of Florida who’s…
Asia’s boardrooms are full of AI ambition. Over the past three years, companies have launched pilots, tested AI assistants, and explored use cases across nearly every function. Business leaders are no longer asking whether AI works, but instead whether it’s…
To compete with China, the U.S. defense industry must leverage private venture capital and dual-use technologies to overhaul the defense playbook in the age of AI. That is a point that leading technology executives and venture capitalists drove home in…
When the Buffalo Bills open their $2.2 billion Highmark Stadium this September, they’ll be opening the NFL’s smallest venue: 60,108 seats, down from the 71,608 the old stadium held. And to make that happen, New York State and Erie County…
On Thursday morning in New York City, Dr. Shiv Rao stood before a room of health system executives and made a case that ambient AI—a technology that began largely as a transcription tool—was ready to do something far more consequential…
Anthropic is changing course after facing criticism for quietly downgrading certain requests to its most capable AI model. On Tuesday, the $965 billion company released a version of its most capable model, Mythos. Anthropic revealed Mythos in April, but held…