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MagazineMicrosoft lost its way in the AI race. Can Copilot get it back on course?

An early alliance with OpenAI hasn’t been enough to keep the software giant in first place. Here’s how Satya Nadella and his team are refueling for the long run.

By Jeremy KahnMay 21, 2026
Young worker looking tired in front of a screen
EconomyA Nobel economist figured out 60 years ago that people learn best on the job. The Atlanta Fed says AI is making that almost impossible
By Tristan BoveMay 21, 2026
The Midwest is leading America’s spring housing rebound because of ‘buyers who are actually showing up,’ Realtor.com says
Real EstateThe Midwest is leading America’s spring housing rebound because of ‘buyers who are actually showing up,’ Realtor.com says
By Sydney LakeMay 21, 2026
Girl doing backflip into the ocean.
Travel & LeisureYour ‘flexible hot girl summer’ is going to cost you
By Catherina GioinoMay 21, 2026
Latest
‘SpaceX is his new baby at the expense of Tesla’: Elon Musk’s IPO could be bad news for his EV maker, investors warns2 hours ago
Cloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete2 hours ago
Prakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will ‘bring the token cost down’2 hours ago
What is red light therapy?: Our experts break down the new wellness trend3 hours ago
Intuit CFO on why the company is simplifying its structure
NewslettersIntuit CFO on why the company is simplifying its structure
By Sheryl EstradaMay 21, 2026
Anu Madgavkar, a partner at the McKinsey Global Institute
AIMcKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
Jeff Bezos
SuccessJeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
trump
CommentaryTrump Accounts have a bigger problem than billionaire stock donations
By Jin Huang and Stephen RollMay 21, 2026
broker
InvestingAI is eating the market and Wall Street strategists have bubble brain as they debate: are we in 1997 or 1999?
By Nick LichtenbergMay 18, 2026
Women’s representation on boards of directors falls below 30%—but there’s one bright spot
NewslettersWomen’s representation on boards of directors falls below 30%—but there’s one bright spot
By Emma HinchliffeMay 18, 2026
trump
EconomyChina will remain an ‘incomplete superpower’ until it can catch up with U.S. financial might, market veteran says
By Jason MaMay 18, 2026
David Solomon
SuccessGoldman Sachs CEO David Solomon had 2 jobs as a teenager while also juggling 3 sports. Now, he’s telling Gen Z to stop wasting time
By Preston ForeMay 18, 2026
Newsletters
Eye on AIBy Beatrice Nolan
Anthropic lands in London as AI-powered coding—and the anxieties around it—go mainstream
MPW DailyBy Emma Hinchliffe
alt
Victoria’s Secret’s CEO is so confident in her strategy to bring back sexy that the company just changed its stock ticker to ‘VSXY’
CFO DailyBy Sheryl Estrada
alt
Intuit CFO on why the company is simplifying its structure
Term SheetBy Allie Garfinkle
alt
SpaceX’s IPO filing is full of surprises
Fortune TechBy Andrew Nusca
alt
Rollout complete: SpaceX files IPO prospectus
CEO DailyBy Diane Brady
alt
The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars
Fortune Workplace Innovation Summit
Anu Madgavkar, a partner at the McKinsey Global Institute
AIMcKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
Clinical Psychologist Daniel Wendler
ConferencesA ‘proudly autistic’ workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
By Tristan BoveMay 20, 2026
Pay transparency is exposing a bigger problem: Most companies can’t explain why they pay what they pay
Workplace CulturePay transparency is exposing a bigger problem: Most companies can’t explain why they pay what they pay
By Sydney LakeMay 20, 2026
Hiba Mona Anver, wearing a black and white striped dress, gestures with her hands as she speaks onstage.
North America80% of companies have an immigrant in a top leadership role—Trump’s visa crackdown is forcing them to make a ‘plan C,’ warns immigration expert
By Sasha RogelbergMay 20, 2026
AI
Elon Musk puts one hand to his chin and he looks up. He is in front of a blue "World Economic Forum" background.
Investing‘SpaceX is his new baby at the expense of Tesla’: Elon Musk’s IPO could be bad news for his EV maker, investors warns
By Sasha RogelbergMay 21, 2026
matthew prince
AICloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete
By Jake AngeloMay 21, 2026
Prakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will ‘bring the token cost down’
AIPrakash Arunkundrum, HP’s first-ever chief strategy and transformation officer, bets edge AI will ‘bring the token cost down’
By Angelica AngMay 21, 2026
Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
AIMeta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
By Marco Quiroz-GutierrezMay 21, 2026
Term Sheet podcast
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
Video ThumbnailPlay29:01
The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
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Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
Success
Anu Madgavkar, a partner at the McKinsey Global Institute
AIMcKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
Jeff Bezos
SuccessJeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
Photo of MacKenzie Scott
SuccessMacKenzie Scott gave away more than $7 billion last year—but her secretive style got her snubbed from a top donors list
By Sydney LakeMay 21, 2026
Ex-Facebook exec Sheryl Sandberg tells Gen Z the 10-year career plan is dead thanks to AI:  ‘Don’t script your career when the future is uncertain’
SuccessEx-Facebook exec Sheryl Sandberg tells Gen Z the 10-year career plan is dead thanks to AI:  ‘Don’t script your career when the future is uncertain’
By Orianna Rosa RoyleMay 21, 2026
Energy
Current price of oil as of May 21, 2026
Personal FinanceCurrent price of oil as of May 21, 2026
By Joseph HostetlerMay 21, 2026
Girl doing backflip into the ocean.
Travel & LeisureYour ‘flexible hot girl summer’ is going to cost you
By Catherina GioinoMay 21, 2026
electrical transmission lines hang over a housing development on March 24, 2026 in Sylmar, California.
Energy2025 was a turning point for your electricity bill and it’s just getting more expensive from here. It’s not just data centers
By Tristan BoveMay 20, 2026
Prices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins
EnergyPrices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins
By Jordan BlumMay 20, 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
matthew prince
AICloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete
By Jake AngeloMay 21, 2026
Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
AIMeta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
By Marco Quiroz-GutierrezMay 21, 2026
ro khanna
AIRo Khanna blames ‘clueless’ boomers for Gen Z booing AI: They handed over a ‘broken economy’
By Jake AngeloMay 21, 2026
Young worker looking tired in front of a screen
EconomyA Nobel economist figured out 60 years ago that people learn best on the job. The Atlanta Fed says AI is making that almost impossible
By Tristan BoveMay 21, 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
The AI Economy
MagazineHow EarthRanger uses AI to help protect endangered species—and boost the wildlife tourism industry

EarthRanger is an AI-integrated data visualization and analysis software platform that gives conservationists the real-time information they need to keep animals, habitats, and communities safe.

By Alexandra KirkmanMay 18, 2026
Photo montage of a person working on a laptop surrounded by tech imagery
AISolo founders are using AI to do the work of entire teams—but going it alone has limits
By Beatrice NolanMay 18, 2026
The smartphone’s days are numbered. Meet the device that could come next
AIThe smartphone’s days are numbered. Meet the device that could come next
By Alyson ShontellMay 18, 2026
Photo collage of people at work
AIAfter AI stole his clients, one Big Tech ghostwriter is using AI to get them back
By Sage LazzaroMay 18, 2026
Photo montage of machines that make up a car wash
AIHow a mom-and-pop car wash chain went from sticky notes to AI-powered operations that are upleveling every part of the company
By Sage LazzaroMay 18, 2026
Real Estate
The Midwest is leading America’s spring housing rebound because of ‘buyers who are actually showing up,’ Realtor.com says
Real EstateThe Midwest is leading America’s spring housing rebound because of ‘buyers who are actually showing up,’ Realtor.com says
By Sydney LakeMay 21, 2026
Current ARM mortgage rates report for May 21, 2026
Personal FinanceCurrent ARM mortgage rates report for May 21, 2026
By Glen Luke FlanaganMay 21, 2026
Current refi mortgage rates report for May 21, 2026
Personal FinanceCurrent refi mortgage rates report for May 21, 2026
By Glen Luke FlanaganMay 21, 2026
Mortgage rates today, May 21, 2026
Personal FinanceMortgage rates today, May 21, 2026
By Glen Luke FlanaganMay 21, 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
White HouseBy Jin Huang and Stephen Roll
Trump Accounts have a bigger problem than billionaire stock donations
RailroadsBy Brigham A. McCown
The U.S. freight network is broken by design. One merger could start fixing it
spaceBy Tejpaul Bhatia
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don’t squander it
SoftwareBy Martin Casado and Abhishek Nagaraj
The 50-year-old law that governed every software company just broke. Here’s what replaces it
HealthBy FJ Campbell
A doctor shortage is coming. AI could be the only realistic fix
CongressBy Karen Kornbluh and Libby Rodney
Milken-Harris Poll: 80% of Americans want AI workforce programs now — and Washington hasn’t delivered
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