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Business Innovation

Samsung’s North America CEO says the smartphone is just an entry point to ambient AI of the home | Fortune

Good morning. With Apple likely to launch a foldable iPhone this fall, category pioneer Samsung will this morning try to cement its lead in the premium category. To get a sense of what’s at stake, I spoke with Yoonie...

FedEx’s CEO landed his first job by taking a roommate’s abandoned interview. Now he’s running a $75 billion shipping giant | Fortune

Workers may believe that they need the right connections or flashy credentials to launch their careers. But sometimes, simply saying yes—and leveraging a stroke of luck—can be the most effective way to get a foot in the door. Raj...

The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds | Fortune

It’s not just the Murdochs or the Arnaults. As family-owned companies change hands, new data shows more American businesses are now being inherited than purchased—part of the broader Great Wealth Transfer marking a shift in how the next generation...

Logistics company C.H. Robinson achieved a 45% productivity gain with AI agents. Here’s the secrets of its success. | Fortune

Hello and welcome to Eye on AI. In this edition:How Fortune 500 logistics firm C.H. Robinson became an AI success storyApple sues OpenAI for theft of trade secretsEconomists urge policymakers to take the threat of AI seriouslyA new method...

Goldman economist offers a reality check on AI adoption: it took 15 years for computers to really show up in the data | Fortune

Are you feeling a little underwhelmed by AI’s transformation of the economy? The so-called “fifth industrial revolution” is supposed to wipe out half or even all of white-collar work and yet adoption is kind of begrudging, even optional for...

‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI | Fortune

“We are driving in the fog, and it is extraordinarily difficult to anticipate what will happen next.”That alarmed voice is coming straight from the top of the economics profession. That’s Anton Korinek, a University of Virginia economics professor and...

Marketing’s new mandate: Why AI is forcing CMOs to think like ‘mini CEOs’  | Fortune

The chief marketing officer is no longer just responsible for building a brand. As artificial intelligence reshapes everything from creativity to search, CMOs are increasingly expected to drive commercial growth, lead technology adoption, and influence business strategy across the organization.  “The CMO is basically a mini CEO,” says Dara Treseder, chief marketing and commercial officer...

Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla | Fortune

Good morning. While sitting in the Rivian R2 electric SUV at the Aspen Ideas Festival this weekend, CEO RJ Scaringe opened a glove box and pointed to the felt lining. “That cost $11,” he said. Is that expensive or...

‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts | Fortune

Last August, a team led by Stanford economist Erik Brynjolfsson published a deep look at the impact of AI on jobs, boosted by a “large-scale, high-frequency administrative dataset from ADP,” the largest payroll software provider in the United States....

How marketers are balancing broader remits and tighter budgets | Fortune

A recurring theme on and off stage at Cannes Lions International Festival of Creativity this year was just how drastically the marketing job has changed. It’s no longer all about making great ads. Today’s marketing leaders are expected to understand AI, build communities, and shape organizational culture.  As marketing leaders have taken on broader responsibilities, budgets have remained flat....
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Africa’s camels are dying from extreme heat as temperatures soar

Camels are famously known as the ships of the desert, but even these hardy animals are not being spared...
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