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US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
InvestingBill Ackman has been quietly buying Microsoft since February, when AI fears were dragging the stock

The Pershing Square founder is betting that investors are wrong about Microsoft’s Azure growth and $190 billion capex budget.

By Eva RoytburgMay 15, 2026
Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, is sworn in to testify during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC.
EconomyDominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh
By Eleanor PringleMay 15, 2026
larry
Startups & VentureMeet the California cheese mogul who turned to AI agents to save his iconic $50 million business
By Nick LichtenbergMay 15, 2026
Chuck Robbins, chief executive officer of Cisco
Investing‘Critical infrastructure for the AI era’: Cisco’s CEO on the earnings beat that sent shares to a record
By Sheryl EstradaMay 15, 2026
Latest
China dominates the minerals that power AI. But one company claims there’s enough supply on the ocean floor to last for hundreds of years34 minutes ago
Demand for longer-term U.S. debt gets weaker as one shock after another stokes fear that high inflation is here to stay1 hour ago
The new American Dream doesn’t live in a big city. It lives in Celina, Texas2 hours ago
Dominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh2 hours ago
texas
North AmericaThe new American Dream doesn’t live in a big city. It lives in Celina, Texas
By Nick LichtenbergMay 15, 2026
Harrison Ford wearing a bow tie
SuccessBefore ‘Star Wars’ made him a multimillionaire, Harrison Ford struggled to make ends meet—so he spent 15 years working a trades side-gig
By Preston ForeMay 15, 2026
chase
CommentarySan Francisco has $2 trillion in AI wealth and can’t fix its own city. That’s every city’s problem
By Chase GarbarinoMay 15, 2026
krishna
CommentaryThe U.S. has 1,200 AI bills and no good test for any of them
By Jeffrey Sonnenfeld, Gary Marcus and Stephen HenriquesMay 15, 2026
Under Armour CEO Kevin Plank says micromanagement is ‘underestimated.’ Steve Jobs and Elon Musk would agree
C-SuiteUnder Armour CEO Kevin Plank says micromanagement is ‘underestimated.’ Steve Jobs and Elon Musk would agree
By Sydney LakeMay 15, 2026
Americans would rather live near a nuclear power plant than a data center—by a lot
AIAmericans would rather live near a nuclear power plant than a data center—by a lot
By Catherina GioinoMay 15, 2026
lori
CommentaryI run Valvoline Instant Oil Change and work with young people every day. They’re in crisis—and we all have to try to help
By Lori FleesMay 15, 2026
michael
CommentaryAI is wiping out entry-level jobs. Here’s how colleges can fill the gap
By Michael HansenMay 15, 2026
Newsletters
MPW DailyBy Emma Hinchliffe
alt
Jenn Hyman reflects on the highs and lows of running Rent the Runway for almost two decades
Term SheetBy Allie Garfinkle
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Cerebras soars almost 70% by market close in a true blockbuster IPO
Fortune TechBy Andrew Nusca
alt
OpenAI may take legal action against Apple over Siri’s ChatGPT integration
CEO DailyBy Diane Brady
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State Farm CEO is betting big on AI—and contemplating the company’s future in California
Eye on AIBy Sharon Goldman
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The AI boom sidelined sustainability. Two researchers want to change that
MPW DailyBy Sydney Lake
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‘Be delusional enough to call yourself something the world hasn’t called you yet’: What powerful women told the class of 2026
AI
US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
InvestingBill Ackman has been quietly buying Microsoft since February, when AI fears were dragging the stock
By Eva RoytburgMay 15, 2026
leo
EuropePope Leo warns of ‘spiral of annihilation’ as AI warfare leads to symphony of destruction
By Nicole Winfield, Paolo Santalucia and The Associated PressMay 15, 2026
Americans would rather live near a nuclear power plant than a data center—by a lot
AIAmericans would rather live near a nuclear power plant than a data center—by a lot
By Catherina GioinoMay 15, 2026
Cisco’s AI orders forecast just hit $9 billion—and the stock surged
AICisco’s AI orders forecast just hit $9 billion—and the stock surged
By Sheryl EstradaMay 15, 2026
Term Sheet podcast
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The Startup Fighting to Save the American Farm with Modern Finance7 hours ago
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term Sheet21 days ago
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term Sheet49 days ago
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Chemistry cofounder: "more talented founders than ever" are moving into health care | Term Sheet63 days ago
Video ThumbnailPlay40:16
Exelon CEO on if our utilities can handle the AI boom | Term Sheet77 days ago
Success
Harrison Ford wearing a bow tie
SuccessBefore ‘Star Wars’ made him a multimillionaire, Harrison Ford struggled to make ends meet—so he spent 15 years working a trades side-gig
By Preston ForeMay 15, 2026
lori
CommentaryI run Valvoline Instant Oil Change and work with young people every day. They’re in crisis—and we all have to try to help
By Lori FleesMay 15, 2026
michael
CommentaryAI is wiping out entry-level jobs. Here’s how colleges can fill the gap
By Michael HansenMay 15, 2026
Jon Gray, Blackstone
SuccessBlackstone COO Jon Gray predicts ‘huge boom’ in blue-collar jobs—his own data center company is hiring 30,000 new roles
By Preston ForeMay 14, 2026
Energy
deep-sea mining equipment
EnvironmentChina dominates the minerals that power AI. But one company claims there’s enough supply on the ocean floor to last for hundreds of years
By Jake AngeloMay 15, 2026
Current price of oil as of May 15, 2026
Personal FinanceCurrent price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
North AmericaWall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
By Jim EdwardsMay 15, 2026
Peter Thiel, wearing a white shirt and in front of a red background, holds up a dollar bill.
EnergyPeter Thiel is leading investment in an ocean data center powered by waves—and the startup is reportedly worth $1 billion
By Sasha RogelbergMay 14, 2026
From the Magazine
MagazineKen Griffin wants to reshape Miami—and maybe American politics

The mega-donor Republican is betting the Sun Belt is the future of American enterprise, and breaking with the president on trade and immigration.

By Shawn TullyMarch 31, 2026
Who owns ideas in the AI age?
MagazineWho owns ideas in the AI age?
By Francesca CassidyApril 8, 2026
Anthropic’s research shows that AI can already do a huge portion of many jobs; its top economist talks about how that could shape the future of work
MagazineAnthropic’s research shows that AI can already do a huge portion of many jobs; its top economist talks about how that could shape the future of work
By Matthew Heimer and Nicolas RappApril 7, 2026
Fortune Archives: Who gets a seat at the table?
MagazineFortune Archives: Who gets a seat at the table?
By Indrani SenApril 5, 2026
The Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
MagazineThe Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
By Jessica MathewsApril 3, 2026
Fortune Rankings
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Fortune World's Most Admired Companies
World’s Most Admired Companies
By FortuneJanuary 21, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneOctober 29, 2025
Fortune 500
Fortune 500
By FortuneJune 2, 2025
Leadership
texas
North AmericaThe new American Dream doesn’t live in a big city. It lives in Celina, Texas
By Nick LichtenbergMay 15, 2026
Harrison Ford wearing a bow tie
SuccessBefore ‘Star Wars’ made him a multimillionaire, Harrison Ford struggled to make ends meet—so he spent 15 years working a trades side-gig
By Preston ForeMay 15, 2026
Under Armour CEO Kevin Plank says micromanagement is ‘underestimated.’ Steve Jobs and Elon Musk would agree
C-SuiteUnder Armour CEO Kevin Plank says micromanagement is ‘underestimated.’ Steve Jobs and Elon Musk would agree
By Sydney LakeMay 15, 2026
jensen
Travel & Leisure‘It’s so good’: Jensen Huang enjoys Beijing delicacies on trip with Trump
By The Associated PressMay 15, 2026
Fortune Crypto Playbook
Crypto is entering its ‘collared-shirt’ era says Andreessen Horowitz partner Guy Wuollet
CryptoCrypto is entering its ‘collared-shirt’ era says Andreessen Horowitz partner Guy Wuollet
By Jeff John RobertsMarch 27, 2026
Trump’s memecoin does have a purpose: Access to the White House
CryptoTrump’s memecoin does have a purpose: Access to the White House
By Fortune EditorsMarch 20, 2026
Kraken co-CEO Arjun Sethi on why the crypto exchange’s new Fed master account access and NASDAQ partnership isn’t designed to ‘disrupt the banking system’
CryptoKraken co-CEO Arjun Sethi on why the crypto exchange’s new Fed master account access and NASDAQ partnership isn’t designed to ‘disrupt the banking system’
By Leo SchwartzMarch 13, 2026
Crypto industry could get its long-awaited bill as soon as July, says longtime D.C. insider
CryptoCrypto industry could get its long-awaited bill as soon as July, says longtime D.C. insider
By Jeff John RobertsMarch 6, 2026
Features
Photo of Marc Benioff
MagazineSalesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
MagazineThe American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineA Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
Anduril CEO Brian Schimpf
MagazineInside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
One strategy, real AI results
AIHow to decide if gen AI is the right path for your product

“When we’re looking at all of the potential investment opportunities, sometimes generative AI is the best, and sometimes it’s not. Sometimes, our money is better spent elsewhere,” product management expert Kayla Doan told Fortune.

By Sage LazzaroMarch 17, 2026
How cutting out product management enabled Kilo to compete in the hyper-fast AI coding market
AIHow cutting out product management enabled Kilo to compete in the hyper-fast AI coding market
By Sage LazzaroMarch 17, 2026
Inside Bank of America’s ‘build once’ AI strategy
AIInside Bank of America’s ‘build once’ AI strategy
By Sage LazzaroMarch 17, 2026
Why Pinterest is going all in on open-source AI
AIWhy Pinterest is going all in on open-source AI
By Sage LazzaroMarch 17, 2026
How Seismic’s AI incubation team became its ultimate AI strategy
AIHow Seismic’s AI incubation team became its ultimate AI strategy
By Sage LazzaroMarch 17, 2026
Real Estate
texas
North AmericaThe new American Dream doesn’t live in a big city. It lives in Celina, Texas
By Nick LichtenbergMay 15, 2026
lebanon
EconomyLebanon’s economy minister on the ‘existential nature’ of the Iran War shock: companies closing, people losing jobs, no tourism
By Malak Harb, Kareem Chehayeb and The Associated PressMay 15, 2026
chase
CommentarySan Francisco has $2 trillion in AI wealth and can’t fix its own city. That’s every city’s problem
By Chase GarbarinoMay 15, 2026
Current ARM mortgage rates report for May 15, 2026
Personal FinanceCurrent ARM mortgage rates report for May 15, 2026
By Glen Luke FlanaganMay 15, 2026
Great Place to Work Rankings
Fortune 100 Best Companies to Work For Southeast Asia 2025 logo
Fortune 100 Best Companies To Work For – Southeast Asia
By Fortune and Great Place To WorkDecember 1, 2025
Best Large Workplaces for Parents
Best Large Workplaces for Parents
By Fortune and Great Place To WorkNovember 18, 2025
World’s 25 Best Workplaces
World’s 25 Best Workplaces
By FortuneNovember 13, 2025
100 Best Large Workplaces for Women
100 Best Large Workplaces for Women
By FortuneOctober 23, 2025
Commentary
CitiesBy Chase Garbarino
San Francisco has $2 trillion in AI wealth and can’t fix its own city. That’s every city’s problem
mental healthBy Lori Flees
I run Valvoline Instant Oil Change and work with young people every day. They’re in crisis—and we all have to try to help
EducationBy Michael Hansen
AI is wiping out entry-level jobs. Here’s how colleges can fill the gap
regulationBy Jeffrey Sonnenfeld, Gary Marcus and Stephen Henriques
The U.S. has 1,200 AI bills and no good test for any of them
philanthropyBy Alex Amouyel
Newman’s Own Foundation CEO on steward ownership: succession when you don’t want to sell
batteriesBy Gene Berdichevsky
I helped design the original Tesla battery. Here’s how America can lead the world again
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