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When JPMorgan Chase told fintechs last month that it planned to charge them for accessing its customer banking account data, it sent shockwaves through corners of the financial industry. According to four industry executives, the move is a blow to the fintech sector and could prove devastating to early-stage startups, including those in the crypto … Read more
A growing number of executives are opting out of tropical beach vacations and spending their PTO in places that promise to help optimize their health and longevity. Wellness tourism is one of the fastest-growing areas within the travel sector, surpassing $1 trillion last year, and projected to have an annual growth rate of over 16%, … Read more
On Friday morning, Elon Musk declared, “We have improved @Grok significantly. You should notice a difference when you ask Grok questions.” While Musk didn’t say exactly what improvements to look for, he’d previously declared that xAI (which built Grok) would retrain the chatbot after it had been trained on “far too much garbage,” and he … Read more
It was first publicly reported in April that the activist investor group Elliott Management had taken a $1.5 billion stake in Hewlett Packard Enterprise (HPE), and since then there has been nothing but complete silence on the issue from both companies. The investment—known to be a long position as opposed to a short bet against … Read more
Starbucks is sweetening the pot for executives to expedite the company’s turnaround efforts, even as workers protest the company’s wages for baristas. The coffee chain will give its executives up to $6 million in stock grants should they expeditiously deliver on cost-saving goals, according to documents filed Wednesday. The entirely performance-based incentive is in an … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia insiders have sold more than $1bn of the company’s stock over the past 12 months including a recent surge in trading as executives cash in on investors’ enthusiasm for artificial intelligence. More than $500mn … Read more
Apple Inc. executives have held internal discussions about potentially bidding for artificial intelligence startup Perplexity AI, seeking to address the need for more AI talent and technology. Adrian Perica, the company’s head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers, according to people with knowledge of … Read more
Despite the Vatican’s lack of regulatory power, Pope Leo XIV is increasingly advocating for ethical AI oversight on the part of governments and companies, just a month into his papacy. The pontiff, who was elected in May following the death of Pope Francis, sent a message dated Tuesday to Silicon Valley executives and Vatican officials … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Dozens of executives from some of the world’s biggest companies will travel to Washington this week to push back against a plan to raise taxes on foreign investments in the US, warning it … Read more
The Middle East gaming industry is in growth mode, but it’s still lacking female developers and gamers, industry experts said during Fortune’s Most Powerful Women International conference in Riyadh, Saudi Arabia, on Wednesday. By not having enough women in these positions, games can become toxic and unethical. The gaming industry in the Middle East is … Read more
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