Business Innovation

Stop worrying about the bubble in AI—its growth is sustainable, three Wall Street analysts from Goldman Sachs, JPMorgan, and Wedbush argued this morning in notes seen by Fortune. Traders seem to agree, at least for now. Futures contracts for the...

The challenging U.S. labor market is entering a new normal, according to Goldman Sachs economists David Mericle and Pierfrancesco Mei, who tackled the phenomenon of “jobless growth” in an Oct. 13 note. It resonates with what Federal Reserve Chair...

Good morning. PepsiCo is overhauling its beverage portfolio—refueling interest in drinks like Gatorade—and named a new finance chief.On Thursday, the beverage giant (No. 45 on the Fortune 500) announced that Steve Schmitt will join as EVP and CFO effective Nov. 10. Schmitt, a Walmart veteran, currently serves as EVP and CFO for Walmart...

Good morning. When I was in Chicago earlier this week, talent and AI were on the agenda.At Fortune’s CFO Collaborative dinner on Wednesday night, sponsored by Deloitte, Ted Souder—CEO and co-founder of Quoin, a startup developing AI-powered infrastructure for...

Polymarket was once a niche crypto platform. Now, the startup is moving into the ranks of mainstream finance thanks to a $2 billion investment from trading giant Intercontinental Exchange. Under the terms of the deal, announced on Tuesday, the...

Hello and welcome to Eye on AI. In this edition: No AI Jobpocalypse, plus early signs of life for entry-level jobs…OpenAI launches Sora 2…Meta plans to use AI chatbot conversations to personalize ads…and more companies are disclosing AI-related risks.Hi,...

Especially alarming to many has been AI’s effect on entry-level jobs. A blockbuster Stanford study in August was especially rattling, as it claimed to find a “significant and disproportionate impact” on entry-level jobs most exposed to AI automation—like software...