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Man in a polo shirt gives a thumbs up
Big TechAmazon and Microsoft are spending $400 billion on AI—and investors are low on patience

Days after Wall Street punished Alphabet for its unbridled spending on AI infrastructure, the world’s two leading cloud giants are set to provide the latest update on their long-running rivalry.

By Amanda GerutJuly 27, 2026
Photo: President Trump
Newsletters
Stocks rise globally on hopes of peace talks with Iran—but the Fed may deliver a shock on Wednesday
By Jim EdwardsJuly 27, 2026
StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform
Newsletters
StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform
By Diane BradyJuly 27, 2026
New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
Latest
Trump can’t stop shooting himself in the foot, as the stage looks set once again for Warsh to hold—if not hike—interest rates22 minutes ago
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough26 minutes ago
Europe’s employers face a new challenge—keeping workers safe during heatwaves38 minutes ago
Top CD rates from major banks on July 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more51 minutes ago
seattle
Real Estate
One-third of Seattle’s downtown is empty: Here’s how America’s boomtown turned into one of the toughest places to find a job
By Nick LichtenbergJuly 27, 2026
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
Success
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
By Orianna Rosa RoyleJuly 27, 2026
xi
AI
China is using the steel playbook on AI — and America’s tech billionaires are standing in the blast zone
By Nick LichtenbergJuly 27, 2026
Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans
Politics
Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans
By Sydney LakeJuly 27, 2026
the world
Economy
McKinsey: Global households got $40 trillion richer in 2025 as the paper wealth economy swelled to $1.8 quadrillion
By Nick LichtenbergJuly 27, 2026
arvind
Future of Work
AI and the ‘skinny hamburger, fat bun’ problem — why the future of work needs to look more like a pizza
By Nick LichtenbergJuly 27, 2026
China’s Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost
Magazine
China’s Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost
By Nicholas GordonJuly 26, 2026
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
Middle East
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
By Jason MaJuly 26, 2026
Newsletters
Next to LeadBy Ruth Umoh
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough
Term SheetBy Sebastian Herrera
alt
How an ex-AWS scientist plans to take on OpenAI and Meta in voice AI models
Fortune TechBy Andrew Nusca
alt
Amazon and Microsoft walk an investor tightrope
MarketsBy Jim Edwards
alt
Stocks rise globally on hopes of peace talks with Iran—but the Fed may deliver a shock on Wednesday
CEO DailyBy Diane Brady
alt
StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform
MPW DailyBy Emma Hinchliffe
alt
Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
AI
How an ex-AWS scientist plans to take on OpenAI and Meta in voice AI models
Startups & Venture
How an ex-AWS scientist plans to take on OpenAI and Meta in voice AI models
By Sebastian HerreraJuly 27, 2026
Man in a polo shirt gives a thumbs up
Big Tech
Amazon and Microsoft are spending $400 billion on AI—and investors are low on patience
By Amanda GerutJuly 27, 2026
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
Success
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
By Orianna Rosa RoyleJuly 27, 2026
xi
AI
China is using the steel playbook on AI — and America’s tech billionaires are standing in the blast zone
By Nick LichtenbergJuly 27, 2026
Term Sheet podcast
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 24, 2026
Video ThumbnailPlay52:39
The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
Video ThumbnailPlay39:45
Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
Video ThumbnailPlay35:05
This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
Video ThumbnailPlay36:25
From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
Video ThumbnailPlay32:23
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
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
Video ThumbnailPlay39:10
Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
Success
New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
Success
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
By Orianna Rosa RoyleJuly 27, 2026
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
Success
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
By Sydney LakeJuly 26, 2026
Stressed out Gen X woman
Success
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
By Emma BurleighJuly 26, 2026
From the Magazine
MagazineThe American Dream according to Bill Ackman

The billionaire investor on reviving Americans’ faith in capitalism—and the family crisis reshaping his legacy.

By Jeff John RobertsJuly 20, 2026
Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis
Magazine
Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis
By Eleanor PringleJuly 3, 2026
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
Magazine
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
Citi’s 5-year comeback: How CEO Jane Fraser turned the bank’s chronic underperformance into decade-high revenue
Magazine
Citi’s 5-year comeback: How CEO Jane Fraser turned the bank’s chronic underperformance into decade-high revenue
By Claire ZillmanMay 27, 2026
Why the AI field’s biggest names are betting billions on ‘world models’
Magazine
Why the AI field’s biggest names are betting billions on ‘world models’
By Sharon GoldmanMay 20, 2026
Energy
Current price of oil as of July 27, 2026
Personal Finance
Current price of oil as of July 27, 2026
By Joseph HostetlerJuly 27, 2026
Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting
Economy
Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting
By Jason MaJuly 26, 2026
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
Middle East
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
By Jason MaJuly 26, 2026
The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over Hormuz
Energy
The U.S. and Iran pause attacks on each other for a second straight day while Tehran continues talks with Oman over Hormuz
By Samy Magdy, Cara Anna and The Associated PressJuly 26, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough
C-Suite
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough
By Ruth UmohJuly 27, 2026
StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform
Newsletters
StubHub CEO Eric Baker is under scrutiny for enabling mass scalpers on his ticket reselling platform
By Diane BradyJuly 27, 2026
New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
Success
Greenhouse CEO says job seekers are paying $20 to apply for every job on the hiring platform and spamming bosses—he calls it the AI doom loop
By Orianna Rosa RoyleJuly 27, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
Success
A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
By Orianna Rosa RoyleJuly 26, 2026
The American Dream according to Bill Ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Photo: Asha Sharma
Big Tech
Exclusive: Xbox’s CEO on 3,200 layoffs, four studios cut, and her blunt warning that ‘we spread ourselves too thin’
By Sebastian HerreraJuly 6, 2026
David Senra poses in a black shirt in front of bookshelves
Startups & Venture
How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to
By Lily Mae LazarusJuly 5, 2026
Real Estate
seattle
Real Estate
One-third of Seattle’s downtown is empty: Here’s how America’s boomtown turned into one of the toughest places to find a job
By Nick LichtenbergJuly 27, 2026
Mortgage rates today, July 27, 2026
Personal Finance
Mortgage rates today, July 27, 2026
By Glen Luke FlanaganJuly 27, 2026
Current refi mortgage rates report for July 27, 2026
Personal Finance
Current refi mortgage rates report for July 27, 2026
By Glen Luke FlanaganJuly 27, 2026
Current ARM mortgage rates report for July 27, 2026
Personal Finance
Current ARM mortgage rates report for July 27, 2026
By Glen Luke FlanaganJuly 27, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
MicrosoftBy Jeff Raikes
Jeff Raikes: The talent debt I warned about is now showing up in the data
LeadershipBy Jeff DeGraff
George Martin never out-wrote the Beatles. That’s exactly why he’s the AI leadership lesson we need now
EducationBy Austin Sarat
I’ve been teaching college students for decades. Most of them can no longer finish a book
LeadershipBy Katty Kay
Katty Kay: confidence is the skill that turns thoughts into action—and companies need to start teaching it
CommunityBy Frederick J. Ryan, Jr.
Ronald Reagan center director: How to talk politics with family, friends and neighbors, without losing them
250 Years of InnovationBy Roderick Wong
When 10,000 doctors stood up and cheered for a cancer drug — America’s innovation machine made it possible
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