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Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’ | Fortune
Today is like Christmas morning for markets: Will they be granted their wish for December, and have a final interest rate cut for the year delivered by Santa Jerome Powell? So far, the signs are pointing to yes.Investors priced...
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Coupang CEO resigns over historic South Korean data breach | Fortune
Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer.The company said in a statement on Wednesday that...
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New contract shows Palantir is working on a tech platform for another federal agency that works with ICE | Fortune
Palantir, the artificial intelligence and data analytics company, has quietly started working on a tech platform for a federal immigration agency that has referred dozens of individuals to U.S. Immigration and Customs Enforcement for potential enforcement since September.The U.S....
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Databricks CEO Ali Ghodsi says his company will be worth $1 trillion by doing these three things | Fortune
Ali Ghodsi, the CEO and cofounder of data intelligence company Databricks, is betting his privately held startup can be the latest addition to the trillion-dollar valuation club.In August, Ghodsi told the Wall Street Journalthat he believed Databricks, which is reportedly...
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Physical AI will automate ‘large sections’ of factory work in the next decade, Arm CEO says | Fortune
AI-powered humanoid robots could take over large sections of factory work within the next five to 10 years, transforming the manufacturing industry, predicts Arm CEO Rene Haas.One of the key forces pushing humanoid robots into factories is their advantage...
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‘Customers don’t care about AI’ — they just want to boost cash flow and make ends meet, Intuit CEO says | Fortune
Jason Ma -
While Wall Street and Silicon Valley are obsessed with artificial intelligence, many businesses don’t have the luxury to fixate on AI because they’re too busy trying to grind out more revenue.At the Fortune Brainstorm AI conference in San Francisco...
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‘But is that real work? It’s not’ Business leaders still don’t trust AI agents, Harvard survey shows | Fortune
Businesses are increasingly testing the waters with AI agents, but trust issues persist.A survey by integration platform Workato and Harvard Business Review of more than 600 tech leaders found that most respondents find agents more trustworthy outside of core...
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You care about fairness at work – so why do you feel like a fake?
Most people care about fairness at work and want to support colleagues who face marginalization – for example, people of color, women and people with disabilities. Our research has found that 76% of employees want...
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Key questions to stay grounded in the AI frenzy | Fortune
Pop quiz: How do you know if you’re witnessing a real wave of technology transformation, and not just a tech flash in the pan? Answer: Look at the stack. In a true technology wave, the whole stack changes, not just...
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International partnerships are racing forward to end China’s chokehold on critical minerals because the U.S. knows it can’t go at it alone | Fortune
Pini Althaus saw the signs. In 2023, he left the company he founded, USA Rare Earth, to develop critical minerals mining and processing projects in central Asia, after realizing that the U.S. will need all the international help it...
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Taliban warn Afghans who wore ‘un-Islamic’ Peaky Blinders outfits
Four Afghan men were ordered to report to the Taliban government's department of vice and virtue for dressing in...