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The Latest Breaking News from Fortune

Big Finance is taking over Big Sports. From Josh Harris to Steve Cohen to David Blitzer, here are the 120 ‘alt’ power players entering the field of play

An analysis by Fortune shows that roughly 120 private equity, VC, and hedge fund execs have amassed stakes in big-time sports franchises.

Fortune

Most people believe they don’t see color–but only empirically proven ‘blinding’ policies can reduce discrimination in the labor market and criminal justice system

Blinding is an effective technique based on a common-sense principle: decision-makers cannot be biased by information they do not have.

Fortune

Top labor economist says the Fed may have just won its inflation fight, batting aside the ‘sticky’ thesis

“Many economists argue that the last mile of inflation reduction will be the hardest, but that isn’t necessarily the case,” ZipRecruiter’s Julia Pollak told Fortune.

Fortune

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Harvard '21 grad says Gen Z just uses A.I. to do their homework, they 'aren't necessarily interested in using ChatGPT for learning'

At Fortune’s Brainstorm Tech, Nadya Okamoto, Harvard class of ‘21, confronted the CEO of Chegg, saying, "“I was a Chegg user but not because I gave a f*** about learning.”

Fortune

A.I. can kill your business in an instant. Just ask the CEO of Chegg

"I’m the poster child for getting your ass kicked in the public markets by A.I.," Chegg’s CEO said at Fortune Brainstorm Tech. He lost 48% in one day.

Fortune

‘There is nothing not to like’ in June’s ultra-soft inflation report, top strategist says—and Wall Street is starting to cheer the Fed’s firefighting

“It’s too early to pop the champagne,” Ronald Temple, chief market strategist at Lazard, told Fortune, “but it’s not too early to start chilling the bottle.”

Fortune

Many CEOs don't know what their employees need. 'Engagement' surveys can make the problem even worse

CEOs and managers are increasingly out of touch with their workers, and employee surveys may be doing more harm than good.

Fortune

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‘ChatGPT is down’ is the new ‘dog ate my homework’—outages of the popular A.I. leave students and professionals alike scrambling

“If ChatGPT goes on break, I go on break,” tweeted one outraged user, who said it makes her “four times faster” at her work.

Fortune

Canada may have just created the first efficient building retrofit market. The U.S. should take note

Homes and buildings account for 40% of U.S. energy consumption and at least 30% of U.S. greenhouse gas emissions–more than any other sector of the economy.

Fortune

Sound wants to be the next iTunes, and it just raised $20 million from the likes of a16z and Snoop Dogg

“We need new ways to experiment with how we value and monetize music,” said cofounder and CEO David Greenstein.

Fortune

Infant formula startup Bobbie acquires Nature's One

The 2022 infant formula shortage inspired Bobbie's CEO to look for ways to expand.

Fortune

Jack Ma, once Asia’s richest person, has seen more than half of his $61 billion fortune wiped out in the past 3 years

Beijing cracked down on the companies Ma founded after he publicly criticized Chinese regulators.

Fortune

Great Place To Work CEO: ‘It’s time to acknowledge why diversity makes us uncomfortable’

The word 'diversity' is being hijacked and weaponized, warns Great Place To Work CEO Michael Bush.

Fortune

Meta's metaverse chief admits the 'hype is dead'

Meta metaverse chief Vishal Shah has new priorities amid the metaverse bust.

Fortune

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Fortune

Wildfire smoke could increase your pneumonia risk, experts say. Here's what you need to know to stay healthy

Pneumonia is a persistent threat. Can wildfire smoke increase one’s chances of contracting it?

Fortune

Bing search chatbot users are still clicking links, Microsoft says

Bing’s chatbot is increasing traffic to websites and giving publisher websites clicks, not detracting from their viewership as some feared.

Fortune

Tom Holland's struggle with alcohol highlights a driving force behind dependence: "I just felt so much pressure"

Holland opens up about his sobriety journey in a recent podcast interview

Fortune

Inside the searing $350 million lawsuit against Brad Pitt for 'looting' the French vineyard he owned with Angelina Jolie

“Following a script that may play in Hollywood but not in a court of law, Pitt and his co-conspirators have engaged in increasingly outrageous actions.”

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Fortune

Adam Neumann shares 2 key lessons he learned from WeWork's crash

"Surround yourself not only with the best people and the smartest people, but also the ones that are going to tell you what they think," said Neumann, who is now the founder of Flow.

Fortune

Scale AI co-founder says FIRE movement inspired her to live ‘very cheaply’

The $360 million engineering wunderkind doesn’t need fancy food—just a fancy watch.

Fortune

Stop brainstorming at work. There's a better way to come up with ideas

How the "rules" of brainstorming throttle real innovation.

Fortune

Al Gore thinks there's an ugly wart on Biden's landmark climate law

The one-year-old law's climate and energy provisions are the most comprehensive and effective that any nation has passed, except for one glaring problem, says former VP Al Gore.

Fortune

A.I. and crypto hybrid Giza raises $3 million to bring machine learning to the blockchain

The startup is among the latest to fuse two of the buzziest trends in tech.

Fortune

Alluvial raises $12 million to build out Liquid Collective, an Ethereum staking protocol for institutions

Backers for Liquid Collective developer's Series A include Ethereal Ventures, Variant, Brevan Howard Digital, Coinbase Ventures, and Kraken.

Fortune

What Nike got right and Anheuser-Busch got wrong in Dylan Mulvaney controversies

Sarah Kate Ellis analyzes the fallout of a "battleground" Pride Month.

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