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Tech companies are investing billions in Finland for data center development
1+ day, 2+ hour ago (234+ words) Barnes & Noble was once seen as another casualty of Amazon. Today, it’s expanded to over 700 stores nationwide. In this episode, Fortune’s Phil Wahba explores CEO James Daunt’s plan to save America’s biggest book chain by making it cool again. Hosted…...
Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers???the next morning, he founded his media empire
1+ day, 4+ hour ago (491+ words) Being involuntarily ousted from a job—whether that be from a layoff or firing—is a universal, career-altering experience that very few professionals are lucky enough to never go through. Many of the greats have gotten the boot: Steve Jobs…...
I run an organization dedicated to collective grieving. I recognize a familiar dynamic with AI in the workplace.
1+ day, 7+ hour ago (633+ words) I run an organization dedicated to collective grieving. I recognize a familiar dynamic with AI in the workplace Fortune I run an organization dedicated to collective grieving. I recognize a familiar dynamic with AI in the workplace Brad Wolfe is…...
One of X???s most notorious ragebaiters explains how the outrage business earned him $80,000
1+ day, 9+ hour ago (783+ words) In June 2024, Robby Lefkowitz was sitting at his desk, working for a protein company and “bored,” when he decided to have some fun online. Noticing that a bunch of X accounts were popping up, naming themselves after neighborhoods—East Village…...
Black Lake founder Yuxiang Zhou pitted an AI agent against his top sales coach. His most experienced salespeople chose the AI
1+ day, 8+ hour ago (594+ words) But he’s still waiting for the “Google moment” in AI When Yuxiang Zhou, founder of Black Lake Technologies, pitted an AI sales coach against his company’s most experienced sales leader, seven out of 10 of Black Lake’s most senior salespeople voted…...
One year after a bipolar episode put him in the hospital, Bonobos cofounder Andy Dunn sold his company to Walmart for $310 million
1+ day, 10+ hour ago (447+ words) Over the course of his two-decade career, entrepreneur Andy Dunn has launched several businesses and invested in dozens more. One of his biggest moves to date was selling his menswear brand Bonobos to Walmart in 2017 for a whopping $310 million. But…...
Boards were built for a vertical world. Risk has gone horizontal
1+ day, 22+ hour ago (726+ words) Corporate governance is being stress-tested, not at the margins, but at the level of its underlying architecture. The modern board model was shaped in the industrial era, when companies were hierarchical, risks were more contained, and change moved more slowly....
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
1+ day, 11+ hour ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
A flawed system and one man's hubris cost Meta shareholders $17 billion
1+ day, 22+ hour ago (209+ words) Meta has agreed to pay up to $17.1 billion to settle claims by 47 states and thousands of families making the case that Facebook and Instagram were engineered to addict children. In 2020, faith-based investors brought a sex-trafficking survivor before Meta’s annual meeting,…...
Anthropic's new research maps three wildly different futures for the AI economy
3+ day, 23+ hour ago (510+ words) Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Anthropic has three very different visions for the impact AI will have on the U.S. economy. In the third, AI outperforms humans at nearly every knowledge-work task, does almost…...