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Man in glasses talking
InnovationAnthropic needs to bring in Amazon-style earnings to justify its $2 trillion valuation—but it’s barely turned a profit

Investors are hoping for a $2 trillion listing in October backed by one of the fastest revenue ramps anyone has ever seen on a company that has yet to report an annual profit. That might bode well for OpenAI.

By Amanda GerutAugust 14, 2026
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
Europe
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
By Kamal AhmedAugust 14, 2026
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
Energy
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
By Jordan BlumAugust 14, 2026
Airbnb CEO Brian Chesky says AI writes 60% of its code—and sustaining ‘founder mode’ is the key to winning in the age of AI
AI
Airbnb CEO Brian Chesky says AI writes 60% of its code—and sustaining ‘founder mode’ is the key to winning in the age of AI
By Sarah GlodekAugust 14, 2026
Latest
E*TRADE CD rates 202641 minutes ago
Peter Navarro rips into China in White House report that is more about other countries aiding tariff avoidance43 minutes ago
The secret history of Ray Dalio and the creation of Chicken McNuggets—how a 1980s hedge strategy unlocked a whole new menu2 hours ago
v
Commentary
Philanthropy’s best-kept secret: the more you have, the less you’re required to give
By Vandana ArcotAugust 14, 2026
Serena Williams speaks on stage during the keynote conversation at Invest Fest 2026 at Georgia World Congress Center on August 09, 2026 in Atlanta, Georgia.
Newsletters
Serena Williams is finding new mentors in the VC chapter of her career—and is learning how to be one herself
By Diane BradyAugust 14, 2026
Dating apps are swiping left on the features that made them as Gen Z looks for love in real life 
C-Suite
Dating apps are swiping left on the features that made them as Gen Z looks for love in real life 
By Tatiana SatauaAugust 14, 2026
Billionaire Home Depot cofounder Bernie Marcus’ foundation donates nearly $30 million toward stem cell research for heart attacks
Success
Billionaire Home Depot cofounder Bernie Marcus’ foundation donates nearly $30 million toward stem cell research for heart attacks
By Sydney LakeAugust 14, 2026
Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
Personal Finance
Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
By Catherina GioinoAugust 14, 2026
Peter Morales with his hand on a white board
Newsletters
Code Metal lands $80 million Pentagon deal to modernize military wargaming
By Preston ForeAugust 14, 2026
Photo: Anthropic CEO Dario Amodei and his wife Cami Clark.
Newsletters
Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants
By Jim EdwardsAugust 14, 2026
Sam Altman stands in front of microphones in a suit
Newsletters
OpenAI swaps chief revenue officer amid executive departures
By Lily Mae LazarusAugust 14, 2026
Newsletters
Term SheetBy Preston Fore
alt
Code Metal lands $80 million Pentagon deal to modernize military wargaming
MarketsBy Jim Edwards
alt
Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants
Fortune TechBy Lily Mae Lazarus
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OpenAI swaps chief revenue officer amid executive departures
CEO DailyBy Diane Brady
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Serena Williams is finding new mentors in the VC chapter of her career—and is learning how to be one herself
Eye on AIBy Emily Forlini
Buried in OpenAI’s latest research: No correlation between AI use and revenue per employee
MPW DailyBy Emma Hinchliffe
alt
OpenAI hired a wave of powerful female executives. Two years later, almost all are gone
Fortune Daily Episodes
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Installing Tiny Data Centers at HomeAugust 13, 2026
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Has Business Got the Creator Economy All Wrong?August 12, 2026
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AOC, Defense Tech Bubbles, and the Future of WorkAugust 11, 2026
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Is Gen Z rewiring how we work?August 10, 2026
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Who Follows Jamie Dimon? The Future of JPMorganAugust 6, 2026
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Inside the Bill Ackman Interview: Power & RiskAugust 5, 2026
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How AI is Learning to Hack Itself | Fortune DailyAugust 4, 2026
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The Secret to Amazon’s No. 1 Fortune 500 Spot | Fortune DailyAugust 3, 2026
AI
White House Senior Advisor, Tesla, and SpaceX CEO Elon Musk speaks during a Town Hall event at KI Convention Center.
AI
‘It will inherit your thoughts’: Musk tells SpaceX employees they’ll be Grok’s ‘parents’ as AI trains on company data
By Joshua HongAugust 14, 2026
gina-mastantuono
Commentary
ServiceNow CFO: Trillions are being spent on AI initiatives. Are companies asking these 3 key questions?
By Gina MastantuonoAugust 14, 2026
r
Commentary
No, AI is not your employee 
By Ruba BornoAugust 14, 2026
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
Europe
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
By Kamal AhmedAugust 14, 2026
Fortune 500: Titans and Disruptors of Industry
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How Bill Ackman Built Success on Cold-Calling BillionairesAugust 5, 2026
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FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 15, 2026
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$4 Trillion Savings Gap: TIAA's CEO on The Retirement CrisisJune 17, 2026
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Qualcomm's AI takeover | Titans and DisruptorsMay 6, 2026
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Delta: Bankrupt to Billions | Titans and DisruptorsApril 1, 2026
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The end of work: Vinod Khosla's bold AI prediction | Titans and DisruptorsMarch 4, 2026
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Google's AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 11, 2026
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Pfizer CEO took on COVID. Now he wants to cure cancer | Titans and DisruptorsJanuary 27, 2026
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Kamala Harris says the 'Glass Cliff' Suggests Finality: "I'm Not Into That"October 15, 2025
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Jamie Dimon on What Kills Companies and the Key to Business LeadershipOctober 15, 2025
Success
Scott Kirby
Success
United CEO Scott Kirby tells Gen Z interns to ditch excuses—it’s a mantra he learned in Air Force training: ‘Figure out how to overcome it’
By Preston ForeAugust 14, 2026
Meet a 29-year-old influencer who calls herself a tradwife—but she’s really more of a homesteader
Success
Meet a 29-year-old influencer who calls herself a tradwife—but she’s really more of a homesteader
By Tatiana SatauaAugust 14, 2026
Tesla CEO Elon Musk
Success
Elon Musk’s $158 billion Tesla pay was 2.5 million times his workers’ salary last year—it’s ‘unlike anything we have seen before,’ exec pay watch says
By Emma BurleighAugust 14, 2026
Photo of woman in front of ringlight
Future of Work
Arizona State launches ‘content creation’ major for influencers — within its journalism school
By Kaitlyn Huamani and The Associated PressAugust 14, 2026
Term Sheet Podcast
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From 0 to 1 Billion Orders: Whatnot's Meteoric Rise | Term SheetJuly 29, 2026
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 24, 2026
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
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Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
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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
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The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
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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
From the Magazine
MagazineNo. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

As Amazon pours $200 billion into AI this year, Bezos says the company’s next act will define the next decade.

By Kristin StollerJuly 28, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Energy
Hunt for AI-proof trades turns convenience shops into hot stocks
Investing
Hunt for AI-proof trades turns convenience shops into hot stocks
By Norah Rami and BloombergAugust 14, 2026
broker
Commentary
A proposed clean-energy rule could shake up corporate America—and your portfolio
By Mike FeibusAugust 14, 2026
Current price of oil as of Aug. 14, 2026
Personal Finance
Current price of oil as of August 14, 2026
By Joseph HostetlerAugust 14, 2026
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
Energy
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
By Jordan BlumAugust 14, 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
Scott Kirby
Success
United CEO Scott Kirby tells Gen Z interns to ditch excuses—it’s a mantra he learned in Air Force training: ‘Figure out how to overcome it’
By Preston ForeAugust 14, 2026
Meet a 29-year-old influencer who calls herself a tradwife—but she’s really more of a homesteader
Success
Meet a 29-year-old influencer who calls herself a tradwife—but she’s really more of a homesteader
By Tatiana SatauaAugust 14, 2026
Tesla CEO Elon Musk
Success
Elon Musk’s $158 billion Tesla pay was 2.5 million times his workers’ salary last year—it’s ‘unlike anything we have seen before,’ exec pay watch says
By Emma BurleighAugust 14, 2026
The secret history of Ray Dalio and the creation of Chicken McNuggets—how a 1980s hedge strategy unlocked a whole new menu
C-Suite
The secret history of Ray Dalio and the creation of Chicken McNuggets—how a 1980s hedge strategy unlocked a whole new menu
By Sarah GlodekAugust 14, 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
Inside Ikea’s big bet on humans in the age of AI
Magazine
Inside Ikea’s big bet on humans in the age of AI
By Claire ZillmanJuly 30, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
Magazine
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
By Kristin StollerJuly 28, 2026
Real Estate
Current ARM mortgage rates report for Aug. 14, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 14, 2026
By Glen Luke FlanaganAugust 14, 2026
Current refi mortgage rates report for Aug. 14, 2026
Personal Finance
Current refi mortgage rates report for Aug. 14, 2026
By Glen Luke FlanaganAugust 14, 2026
Mortgage rates today, Aug. 14, 2026
Personal Finance
Mortgage rates today, Aug. 14, 2026
By Glen Luke FlanaganAugust 14, 2026
Home equity loan and HELOC rates: Aug. 14, 2026
Personal Finance
Today’s home equity loan and HELOC rates, August 14, 2026
By Joseph HostetlerAugust 14, 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
MarketsBy Gina Mastantuono
ServiceNow CFO: Trillions are being spent on AI initiatives. Are companies asking these 3 key questions?
Amazon Web ServicesBy Ruba Borno
No, AI is not your employee 
SustainabilityBy Mike Feibus
A proposed clean-energy rule could shake up corporate America—and your portfolio
MarketsBy Vitaliy Katsenelson
A value investor’s reluctant case for gold
HospitalityBy Roman Pedan
AI will make the biggest companies bigger and the smallest more powerful. Hotels show who gets squeezed
philanthropyBy Vandana Arcot
Philanthropy’s best-kept secret: the more you have, the less you’re required to give
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