Business Innovation
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...
Business Innovation
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...
Business Innovation
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...
Business Innovation
‘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...
Business Innovation
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...
Business Innovation
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...
Business Innovation
‘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....
Business Innovation
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....
Business Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years | Fortune
Two-hundred and fifty years ago, America was a startup. And a fragile one at that.There was no guarantee that the American experiment would survive. But from the beginning, America distinguished itself by embracing risk-takers, innovators, and entrepreneurs who were...
Business Innovation
Meet Labour’s ‘King of the North,’ the 56-year-old representing Greater Manchester and challenging Keir Starmer | Fortune
Andy Burnham is a political insider turned outsider who aims to be Britain’s next prime minister.The 56-year-old politician presents himself as an amiable northern everyman who prefers T-shirts to a suit and tie and spends spare time playing soccer or...
Latest News
Kenyan court dismisses Rastafarians’ bid to legalise cannabis
Kenya's High Court has dismissed a bid by a Rastafarian group seeking to legalise the use of cannabis for...