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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

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

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 NewsPage 11 of 100

A Morehouse College student lines up before the school commencement, May 19, 2024, in Atlanta.

Trump administration wants schools to pay $70,000 fee for each international student in the OPT work program, as new foreign enrollment falls 17%

By Annie Ma, Heather Hollingsworth and The Associated PressOctober 7, 2026

Trump says the U.S. is in ‘very deep discussions’ and will with speak ‘very soon’ with Putin over a possible plague case in Russia

Trump says the U.S. is in ‘very deep discussions’ and will with speak ‘very soon’ with Putin over a possible plague case in Russia

By The Associated Press, Will Weissert and Michelle L. PriceOctober 7, 2026

Donald Trump holds a board with "Reciprocal Tariffs" printed on it, followed by a table.

Trump’s tariffs were meant to shrink the trade deficit—but the $106 billion gap just reached its widest since before ‘Liberation Day’

By Sasha RogelbergOctober 7, 2026

chris park

I led the Big 10’s $2.4 billion public-capital venture. Here’s what college sports needs next

By Chris ParkOctober 7, 2026

Rich people getting off of private jet

Billionaires have left the U.K. and taken $160 billion to the likes of Monaco, Switzerland, and the UAE—that’s more than those who stayed are worth

By Emma BurleighOctober 7, 2026

Republicans fear 2:1 cash advantage will lose to toxic Trump unpopularity: ‘A million dollars of advertising in October is a drop in the bucket’

Republicans fear 2:1 cash advantage will lose to toxic Trump unpopularity: ‘A million dollars of advertising in October is a drop in the bucket’

By Steven Sloan, Thomas Beaumont and The Associated PressOctober 7, 2026

A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax

Personal Finance

A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax

By Sydney LakeOctober 7, 2026

Gold bars

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

By Catherina GioinoOctober 6, 2026

Photo of Donald Trump in Dublin

OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’

By Emily ForliniOctober 6, 2026

ads

Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them

By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026

Patagonia CEO Ryan Gellert speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California.

Patagonia’s CEO is worried about political apathy—so the company offered 112,000 people $100 to help 3 friends plan to vote

By Tatiana SatauaOctober 6, 2026

Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026

After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans

After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans

By The Associated Press and TERESA MEDRANOOctober 6, 2026

Photo of a 1979 Pontiac Firebird Trans Am

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

By Catherina GioinoOctober 5, 2026

MAGAnomics is starting to look uncomfortably like Bidenomics

By Nick LichtenbergOctober 5, 2026

Photo of Donald Trump

Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work

By Joshua HongOctober 5, 2026

U.S. Army Maj. Stephen Ramsbottom, who was injured in an Iranian drone strike in Kuwait, poses for a portrait in Colorado Springs, Colo.

‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries

By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026

Primary school students during the first day of the school year, in Thessaloniki, Greece.

‘There are no children’: A Greek island has just 2 students left—and its last school is about to close

By LEFTERIS PITARAKIS, Derek Gatopoulos and The Associated PressOctober 5, 2026

Hungary hauls ex-foreign minister in to explain how he got a top job at BYD months after arranging government contracts

Hungary hauls ex-foreign minister in to explain how he got a top job at BYD months after arranging government contracts

By The Associated Press and Justin SpikeOctober 5, 2026

Photo of Trump

Trump won Nebraska by 20 points. Now he’s trying to rescue a GOP Senate seat after angering ranchers with his plan to import more beef

By The Associated Press and Seung Min KimOctober 5, 2026

Can Europe’s industrial legacy give it an AI advantage?

Can Europe’s industrial legacy give it an AI advantage?

By Sam ForsdickOctober 5, 2026

Air Force removes all bombers from British base and redeploys them to the U.S. after a planned terror attack linked to Iran was foiled

Air Force removes all bombers from British base and redeploys them to the U.S. after a planned terror attack linked to Iran was foiled

By Konstantin Toropin and The Associated PressOctober 4, 2026

Japan’s population is shrinking at an accelerating rate, but the nationalist prime minister is making it harder for foreigners to live there

Japan’s population is shrinking at an accelerating rate, but the nationalist prime minister is making it harder for foreigners to live there

By Jason MaOctober 4, 2026

Court tosses 10-year manslaughter sentence due to an AI-generated video of the victim ‘created from the imaginings’ of his sister

Court tosses 10-year manslaughter sentence due to an AI-generated video of the victim ‘created from the imaginings’ of his sister

By Jacques Billeaud and The Associated PressOctober 4, 2026

Trump’s Ohio rally gets quiet after he defends data centers — a toxic political issue with bipartisan opposition. ‘You can’t just turn them off’

Trump’s Ohio rally gets quiet after he defends data centers — a toxic political issue with bipartisan opposition. ‘You can’t just turn them off’

By Seung Min Kim and The Associated PressOctober 4, 2026

Diesel prices are so high that commercial fishermen sometimes can’t even afford to leave the dock. ‘It’s huge. It’s crazy. Thank you, Donald Trump’

Diesel prices are so high that commercial fishermen sometimes can’t even afford to leave the dock. ‘It’s huge. It’s crazy. Thank you, Donald Trump’

By Patrick Whittle and The Associated PressOctober 4, 2026

Sen. Mitch McConnell closed a loophole in a hemp law he championed. Now a $28 billion THC industry that gets people high is fighting for survival

Sen. Mitch McConnell closed a loophole in a hemp law he championed. Now a $28 billion THC industry that gets people high is fighting for survival

By Gene Johnson and The Associated PressOctober 4, 2026

Gen Z is poised to be wealthier than millennials but despair over economy — ‘they get spammed and scammed, and there are tons of fake jobs out there’

Gen Z is poised to be wealthier than millennials but despair over economy — ‘they get spammed and scammed, and there are tons of fake jobs out there’

By Jacqueline Ganun, Nicholas Riccardi and The Associated PressOctober 4, 2026

A woman in a yellow jacket in front of a "NO DATA CENTERS" sign, speaks with another woman with her hands on her hips.

Meet the ‘mini Erin Brockoviches’ fighting off eminent domain—and the shadow of Amazon—as a data center hands out $10,000 to their neighbors

By Sasha RogelbergOctober 4, 2026

gephardt

‘A Republic, if you can keep it’: We served presidents from both parties and have never been so concerned about election security

By Richard A. Gephardt, Timothy E. Wirth, Leon Panetta, Theodore Roosevelt V, Reid J. Ribble, Stephanie A. Grisham and Miles TaylorOctober 4, 2026

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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

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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