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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

3

‘Pick another protein’: A cattle rancher senator’s answer on beef prices could give Democrats their first Mississippi Senate win since 1982

1

Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

2

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

3

‘Pick another protein’: A cattle rancher senator’s answer on beef prices could give Democrats their first Mississippi Senate win since 1982

News

News

The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up

The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up

Two days after voters rejected data centers almost everywhere, OpenAI pledged to cover its own power bills and post financial guarantees.

By Catherina GioinoNovember 6, 2026

Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted

Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted

By Emily Jones and GristNovember 6, 2026

‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives

‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives

By Javed Ali and The ConversationNovember 6, 2026

Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues

Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues

By Sara Suzuki and The ConversationNovember 6, 2026

Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began

Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began

By Michael A. Mische and The ConversationNovember 6, 2026

People walk amid stands selling merchandise supporting Brazil President Luiz Inácio Lula da Silva.

A WhatsApp channel called Lula’s Army grew from 50,000 to more than 10 million subscribers as Brazil’s president staged a historic comeback

By Anthony W. Pereira and The ConversationNovember 6, 2026

Delaware Chancery CourtP

Cloudflare’s appeal won’t fix what’s broken in Delaware’s Chancery Court

A vice chancellor, Travis Laster, sent his own ruling to the state Supreme Court. Boards shouldn’t read that as reassurance.

By Jeffrey Sonnenfeld and Steven TianNovember 5, 2026

Republicans made Hasan Piker their midterm villain. Now he’s suing Scott Jennings for $72.5 million

The Twitch streamer is seeking $72.5 million from CNN’s Scott Jennings over a spliced clip. His lawyer says Ted Cruz and others should “buckle up.”

By Emma WitmanNovember 5, 2026

Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over notices

The decision reverses a Staten Island judgment that ordered the city to redo its notices. Other legal challenges continue.

By Catherina GioinoNovember 4, 2026

States agreed to ‘fully, finally, and forever’ release Meta from claims they didn’t know existed — with $459 million for Cambridge Analytica claims

The judge also concluded the company failed to notify users about thousands of applications associated with data misuse.

By Emma L. Briant and The ConversationNovember 4, 2026

More in Politics

Voters cast their ballots at Ronald Wilson Reagan Elementary School in Omaha.

Nebraska voters block measures to legalize online sports betting, rejecting a campaign’s promise of $166 million in property tax relief

Nebraska voters narrowly rejected to legalize mobile sports betting in the state.

By Joshua HongNovember 6, 2026

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

“A ‘no’ vote doesn’t mean similar measures won’t ever be implemented.”

By Jason MaNovember 6, 2026

Trump admitted the Iran war and gas prices hurt Republicans. It was his version of the identity politics that cost Democrats 2024

Trump admitted on election night the war hurt Republicans. Gas is up 40% since it began, and tariffs cost families $1,000 a year.

By Catherina GioinoNovember 6, 2026

Prediction markets had a great election night: Now bettors are turning to which Trump officials could leave first

Pete Hegseth leads Polymarket’s odds for the next Cabinet departure, followed by Susie Wiles and Marco Rubio.

By Camila Grigera NaónNovember 6, 2026

More in Politics

Latest stories from Fortune

More News

‘Pick another protein’: A cattle rancher senator’s answer on beef prices could give Democrats their first Mississippi Senate win since 1982

‘Pick another protein’: A cattle rancher senator’s answer on beef prices could give Democrats their first Mississippi Senate win since 1982

By Catherina GioinoNovember 6, 2026

In a contentious North Carolina House race, it was $59,000 against an incumbent’s $3 million warchest—and the challenger won

In a contentious North Carolina House race, it was $59,000 against an incumbent’s $3 million warchest—and the challenger won

By Marco Quiroz-GutierrezNovember 6, 2026

The Iran war has cost U.S. households nearly $2,000 each. New strikes could keep the bill climbing

The Iran war has cost U.S. households nearly $2,000 each. New strikes could keep the bill climbing

By Steven JohnNovember 5, 2026

Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway

Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway

By Fernanda TroncoNovember 5, 2026

Abdul El-Sayed behind an American flag

Abdul El-Sayed’s commencement speech in 2007 was so good it led Bill Clinton to tell him to go into politics at just 22 years old

By Preston ForeNovember 5, 2026

Americans hate data centers. Tech needs them

Americans hate data centers. Tech needs them

By Allie GarfinkleNovember 5, 2026

U.S. President Donald Trump watches as the last piece of steel is hoisted for construction of the White House ballroom during an event on November 04, 2026 in Washington, DC.

Congress’s first task post-midterms is to figure out how to keep funding America—and that’s before it addresses the $40 trillion national debt

By Eleanor PringleNovember 5, 2026

Ken Griffin and Jeff Bezos helped make Miami a billionaire magnet—but Florida’s new $250,000 homestead exemption barely makes a dent for them

Personal Finance

Ken Griffin and Jeff Bezos helped make Miami a billionaire magnet—but Florida’s new $250,000 homestead exemption barely makes a dent for them

By Sydney LakeNovember 5, 2026

Attendees cheer during an election night event with Adam Hamilton, Democratic Senate candidate for Kansas, in Overland Park, Kansas, US.

How the Democratic party flipped the House and Senate, in 12 charts

By Joshua HongNovember 5, 2026

How Abdul El-Sayed would build Medicare for All, from a wealth tax to a Fed-style governing board

How Abdul El-Sayed would build Medicare for All, from a wealth tax to a Fed-style governing board

By James LaForgeNovember 4, 2026

‘Seismic’ blue wave triggers the sinking of oil prices, energy stocks, and the chances of power permitting reform

‘Seismic’ blue wave triggers the sinking of oil prices, energy stocks, and the chances of power permitting reform

By Jordan BlumNovember 4, 2026

After the midterms, Big Tech’s AI data center problem is only getting bigger

After the midterms, Big Tech’s AI data center problem is only getting bigger

By Sebastian HerreraNovember 4, 2026

Elon Musk holds a medal that Donald Trump is handing to him.

‘He basically gets to steer a political party’: Elon Musk is $474 million poorer post-election, but it may not have deterred his influence on 2028

By Sasha RogelbergNovember 4, 2026

Democrat wins will slow data center construction and force tech to the negotiating table after even Republican stronghold of Texas flips

Democrat wins will slow data center construction and force tech to the negotiating table after even Republican stronghold of Texas flips

By Marco Quiroz-GutierrezNovember 4, 2026

Trump approved nearly 90% of disaster aid requests from all-Republican states and only 23% from all-Democratic ones

By Daniel P. Aldrich and The ConversationNovember 4, 2026

The U.S. Capitol at sunrise the day after the 2026 midterm elections.

House Democrats are eyeing Trump’s pardons and his family’s crypto deals — the last time they ran oversight, his administration ignored subpoenas

By Drew Kurlowski, Gibbs Knotts and The ConversationNovember 4, 2026

DoorDash is buying Instacart for $17 billion. Its employees can’t add Instacart staff on LinkedIn

DoorDash is buying Instacart for $17 billion. Its employees can’t add Instacart staff on LinkedIn

By Bilin LinNovember 4, 2026

The sun sets on the U.S. Capitol on Election Day evening on November 03, 2026 in Washington, DC. Americans go to the polls in consequential midterm elections, where control of the House and the Senate is at stake for the remainder of President Donald Trump's second term in office.

Here’s how the candidates backed by AI super PACs fared

By Tatiana SatauaNovember 4, 2026

Sherrod Brown hugs his wife while delivering a speech onstage.

Crypto PACs spent $170 million on the midterms—and came up nearly dry

By Camila Grigera NaónNovember 4, 2026

Michael Rubin wants Fanatics to be No. 1 in betting. Tuesday’s results in Nebraska and Congress made that climb steeper

Michael Rubin wants Fanatics to be No. 1 in betting. Tuesday’s results in Nebraska and Congress made that climb steeper

By Heather OcchinoNovember 4, 2026

James Talarico

James Talarico was a 23-year-old middle school teacher when an 11-year-old inspired him to run for office—now he’s making history in Texas as Senator

By Emma BurleighNovember 4, 2026

Helena Buonanno Foulkes speaks into a radio/podcast microphone

Rhode Island’s new Governor Helena Foulkes spent 25 years at CVS and lost her first election—she says failure and bad bosses made her a better leader

By Preston ForeNovember 4, 2026

Photo: Elon Musk

‘A massive rebuke of the last two years of the Trump administration’: elections expert stunned by Elon Musk lighting half a billion dollars on fire

By Charlie Hunt and The ConversationNovember 4, 2026

Ray Dalio: why I recommend being a catalytic leader

By Ray DalioNovember 4, 2026

Weil Gotshal is a canary in the legal coal mine

By Will HausbergNovember 4, 2026

A general view shows the US Capitol during the 2026 midterm elections on Nov. 3, 2026 in Washington, DC.

The midterms won’t ease borrowing costs. Here’s what CFOs should do now

By Sheryl EstradaNovember 4, 2026

U.S. President Donald Trump leaves the stage after speaking at a campaign rally at Salina Regional Airport on November 01, 2026 in Salina, Kansas.

Wall Street seeks shelter in Treasuries as midterms threaten to throw Washington into a fiscal gridlock

By Eleanor PringleNovember 4, 2026

‘People really effing hate data centers’: How the AI buildout became the midterms’ affordability issue

‘People really effing hate data centers’: How the AI buildout became the midterms’ affordability issue

By Catherina GioinoNovember 4, 2026

‘This might just be the biggest defeat for big money in politics’: Billionaires poured hundreds of millions into Tuesday’s races and still lost

‘This might just be the biggest defeat for big money in politics’: Billionaires poured hundreds of millions into Tuesday’s races and still lost

By Catherina GioinoNovember 4, 2026

Voters were sick of incumbents. Tuesday was only the third time in 50 years a party lost control of both chambers of Congress at once

Voters were sick of incumbents. Tuesday was only the third time in 50 years a party lost control of both chambers of Congress at once

By Catherina GioinoNovember 4, 2026

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Most Popular

Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

placeholder alt text

By Eleanor PringleNovember 6, 2026

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

placeholder alt text

By Jason MaNovember 6, 2026

‘Pick another protein’: A cattle rancher senator’s answer on beef prices could give Democrats their first Mississippi Senate win since 1982

placeholder alt text

By Catherina GioinoNovember 6, 2026

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