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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

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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

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A women holds a protest sign reading "Defend Youngstown from corporate greed."

Ohio just poured onto its existing 125 data center moratoriums. Transparency pushes and grid safeguards could now ‘dominate policy agendas’ nationwide

By Sasha RogelbergNovember 4, 2026

Susan Collins’ Maine concession could leave New England without a Republican in Congress for the first time since the 1850s

Susan Collins’ Maine concession could leave New England without a Republican in Congress for the first time since the 1850s

By Catherina GioinoNovember 4, 2026

Trump personally chose several candidates who just got crushed — and he’s already blaming Republicans for a stunning midterm wipeout

Trump personally chose several candidates who just got crushed — and he’s already blaming Republicans for a stunning midterm wipeout

By Jason MaNovember 4, 2026

Asked about the cost of living, JD Vance joked about Jon Husted’s butt, then admitted Republicans fell short. Days later, Husted lost Ohio

Asked about the cost of living, JD Vance joked about Jon Husted’s butt, then admitted Republicans fell short. Days later, Husted lost Ohio

By Catherina GioinoNovember 4, 2026

Trump promised every adult $5,000 if Republicans kept control of Congress. Thanks to the Blue Tsunami, taxpayers won’t have to blow up the debt

Trump promised every adult $5,000 if Republicans kept control of Congress. Thanks to the Blue Tsunami, taxpayers won’t have to blow up the debt

By Catherina GioinoNovember 4, 2026

Stock futures plunge as blue tsunami sweeps red states and data center hot spots. Wall Street usually likes political gridlock—but maybe not this time

Stock futures plunge as blue tsunami sweeps red states and data center hot spots. Wall Street usually likes political gridlock—but maybe not this time

By Jason MaNovember 3, 2026

Billionaire Vivek Ramaswamy’s millions and Greg Abbott’s $106 million war chest couldn’t stop Democrats from flipping Texas and Ohio

Billionaire Vivek Ramaswamy’s millions and Greg Abbott’s $106 million war chest couldn’t stop Democrats from flipping Texas and Ohio

By Catherina GioinoNovember 3, 2026

North Carolina voters approve tax limits on income and property as cost of living tops voters’ worries

Personal Finance

North Carolina voters approve tax limits on income and property as cost of living tops voters’ worries

By Marco Quiroz-GutierrezNovember 3, 2026

James Talarico wasn’t born the last time a Democrat won a Texas Senate race. At 37, he won one despite $200 million from Elon Musk to stop him

James Talarico wasn’t born the last time a Democrat won a Texas Senate race. At 37, he won one despite $200 million from Elon Musk to stop him

By Catherina GioinoNovember 3, 2026

‘Lawyer up’: Democrats take the House, and warn Trump’s family businesses are first in line for subpoenas

‘Lawyer up’: Democrats take the House, and warn Trump’s family businesses are first in line for subpoenas

By Catherina GioinoNovember 3, 2026

In Democrats’ second Senate flip of the night, South Carolina rejects the senator Trump hand-picked

In Democrats’ second Senate flip of the night, South Carolina rejects the senator Trump hand-picked

By Catherina GioinoNovember 3, 2026

Meta says automation wrongly took down No Kings and a Senate candidate’s page. It’s automating more anyway

Meta says automation wrongly took down No Kings and a Senate candidate’s page. It’s automating more anyway

By Molly A. WallaceNovember 3, 2026

Dan Driscoll speaks at a desk with a microphone. The desk has two water bottles on it, and he is gesturing with both hands to his side.

OpenAI’s hiring of former Army Secretary just 2 months after Pentagon resignation is part of a ‘trend’ of it pivoting resources to defense projects

By Sasha RogelbergNovember 3, 2026

‘We were wrong’: From Dewey to Trump, the polling misses hanging over the 2026 midterm forecasts

‘We were wrong’: From Dewey to Trump, the polling misses hanging over the 2026 midterm forecasts

By Steven JohnNovember 3, 2026

Republicans pitch 3.5% income tax cap as an affordability fix in North Carolina—but Gov. Josh Stein says it won’t put ‘more money in anyone’s pockets’

Republicans pitch 3.5% income tax cap as an affordability fix in North Carolina—but Gov. Josh Stein says it won’t put ‘more money in anyone’s pockets’

By Marco Quiroz-GutierrezNovember 3, 2026

Billboard ads displaying US Senate midterm odds in Times Square.

Kalshi’s midterm trading tops $1.4 billion as traders bet on a Democratic sweep of Congress

By Camila Grigera NaónNovember 3, 2026

A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

By Jay GanglaniNovember 3, 2026

Close-up of a protest sign calling for the repeal of Citizens United

Montana voters take on Citizens United with a ballot initiative to strip corporations and nonprofits of their political spending power

By Mia OsmonbekovNovember 3, 2026

Wall Street is bracing for a fresh wave of tariffs, Iran action (and potentially a government shutdown) after the midterms

Wall Street is bracing for a fresh wave of tariffs, Iran action (and potentially a government shutdown) after the midterms

By Eleanor PringleNovember 3, 2026

How Trump’s trade policy is handing Asia to Beijing

How Trump’s trade policy is handing Asia to Beijing

By Ted OsiusNovember 2, 2026

Elon Musk (left) with Donald Trump

After topping 2024’s donor list, Elon Musk said he’d do ‘a lot less.’ Since then, he’s given more than George Soros has personally in his lifetime

By Catherina GioinoNovember 2, 2026

A prank meant to humiliate a Red Baron worker backfired—now strangers have given the dad of 4 more than $760,000

A prank meant to humiliate a Red Baron worker backfired—now strangers have given the dad of 4 more than $760,000

By Steven JohnNovember 2, 2026

Photo of Roger Marshall

Following a sudden GOP slide, a top data scientist’s model gives Democrats 90% odds of taking the Senate as Kansas trends blue in major shock

By Shawn TullyNovember 2, 2026

Palmer Luckey, founder of Anduril Industries

As Sergey Brin, Larry Page and the ultra-rich flee California, one 34-year-old tech billionaire is ‘not running’—he ‘wants to fight’ for the state

By Emma BurleighNovember 2, 2026

Senator Mark Warner gestures passionately in front of a "Broken Promises, Higher Costs" sign in a Senate hearing.

From Wall Street heirs to telecoms tycoons, at least half of major U.S. Senate candidates are millionaires—and some are worth upwards of $200 million

By Preston ForeNovember 2, 2026

Voters cast ballots at a polling station in Anchorage, Alaska

‘A major risk to the global economy’: BofA warns about the AI boom the day before a midterm vote framed around data-center backlash

By Nick LichtenbergNovember 2, 2026

Photo of Sergey Brin

Billionaire Sergey Brin is building political infrastructure that will last beyond his $102 million fight against Prop 40

By Joshua HongNovember 2, 2026

Voters usually decide one or two income or wealth tax measures a year. This midterm season, there are nine

Voters usually decide one or two income or wealth tax measures a year. This midterm season, there are nine

By Catherina GioinoNovember 1, 2026

China sees the yuan vs. dollar rivalry like Pepsi vs. Coke, expert says — ‘never the market leader, but serviceable in a pinch’

China sees the yuan vs. dollar rivalry like Pepsi vs. Coke, expert says — ‘never the market leader, but serviceable in a pinch’

By Jason MaOctober 31, 2026

If California undid its ‘original sin’ and matched Texas on taxing property, it would raise more revenue than the billionaire tax, economists say

If California undid its ‘original sin’ and matched Texas on taxing property, it would raise more revenue than the billionaire tax, economists say

By Jason MaOctober 31, 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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