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Sequoia partner Julien Bek sitting on a stool and holding a microphone while speaking to an audience. Behind him is a stage that looks like a forest.
Are services the new software? This venture capitalist thinks the future is in selling AI-delivered outcomes, not AI-powered products

Sequoia partner Julien Bek penned a viral essay arguing there’s a gold mine in AI-native service firms

By Jeremy KahnApril 21, 2026
Emma Grede’s blunt advice: ‘Nobody’s coming to hand you power—you have to take it’
Emma Grede’s blunt advice: ‘Nobody’s coming to hand you power—you have to take it’
By Emma HinchliffeApril 21, 2026
In this photo illustration, the Fermi America logo is seen displayed on a smartphone screen.
Fermi’s CFO resigns—just two days after the CEO stepped down
By Sheryl EstradaApril 21, 2026
Tim Cook’s exit is part of a CEO reckoning sweeping Corporate America
Tim Cook’s exit is part of a CEO reckoning sweeping Corporate America
By Diane BradyApril 21, 2026
Humble Hauler docks in a transport hub
Exclusive: Startup Humble debuts cabless autonomous truck targeting $900 billion U.S. freight industry
By Lily Mae LazarusApril 21, 2026
Newly appointed Apple CEO John Ternus (left) with outgoing CEO Tim Cook in Cupertino, Calif. (Photo courtesy Apple)
John Ternus becomes Apple CEO
By Andrew NuscaApril 21, 2026
Latest Stories
U.S. President Donald Trump speaks in the Oval Office after signing an Executive Order April 18, 2026 in Washington, DC.
PoliticsTrump extends Iran ceasefire after insisting he wouldn’t hours earlier, citing a ‘seriously fractured’ Iran
By Eva RoytburgApril 21, 2026
How the Iran energy crisis is supercharging Southeast Asia’s EV transition
EnergyHow the Iran energy crisis is supercharging Southeast Asia’s EV transition
By Angelica AngApril 21, 2026
Chip Roy introduces the Mamdani Act to punish immigrants for ideology—including socialism and Marxism
PoliticsChip Roy introduces the Mamdani Act to punish immigrants for ideology—including socialism and Marxism
By Catherina GioinoApril 21, 2026
Two Halliburton employees, clad in red coveralls, work at a pressure pumping, or fracking, operation in the Permian Basin.
EnergyHalliburton CEO: U.S. oil is in the ‘early innings’ of a rebound—and a drilling ramp-up is coming
By Jordan BlumApril 21, 2026
James Uthmeier
LawFlorida launches criminal probe into OpenAI to see if ChatGPT is responsible for fatal Florida State shooting
By Mike Schneider and The Associated PressApril 21, 2026
Polymarket CEO Shayne Coplan shakes someone's hand at the opening of Polymarket's temporary free grocery store in Manhattan
CryptoInvestors are valuing Polymarket $7 billion less than archrival Kalshi—and crypto could be one reason why
By Jack KubinecApril 21, 2026
Double exposure photograph of a portrait of Mark Zuckerberg and a telephone displaying the Meta group s artificial intelligence logo at Kerlouan in Brittany in France on April 11 2025. (Photo by Vincent Feuray / Hans Lucas / Hans Lucas via AFP) (Photo by VINCENT FEURAY/Hans Lucas/AFP via Getty Images)
AIMeta will start tracking employees’ screens and keystrokes to train AI tools
By Eva RoytburgApril 21, 2026
Photo of Jeff Bezos (left) and Pete Hegseth before a sign that reads Freedom
Politics‘Something sinister could be happening’: FBI looks into dead or missing nuclear and space defense scientists tied to NASA, Blue Origin, and SpaceX
By Catherina GioinoApril 21, 2026
More Newsletters
I joined a founder lobbying Congress. This is the ‘winnable’ battle she’s fighting for women’s health
NewslettersI joined a founder lobbying Congress. This is the ‘winnable’ battle she’s fighting for women’s health
By Lily Mae LazarusApril 20, 2026
  • Trump’s war and rhetoric are drowning out the IMF’s growth agenda
    NewslettersTrump’s war and rhetoric are drowning out the IMF’s growth agenda
    By Diane BradyApril 14, 2026
Businessman being fired by company downsizing carrying a box of personal items
NewslettersThe AI layoff trap: How cutting headcount could backfire on corporate America
By Kristin StollerApril 20, 2026
Warren Buffett
NewslettersWarren Buffett’s favorite market indicator is flashing a warning
By Sheryl EstradaApril 20, 2026
The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
NewslettersThe crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
By Jeff John RobertsApril 20, 2026
How Carvana survived a 99% stock plunge: ‘We’re very comfortable being the underdog’
C-SuiteHow Carvana survived a 99% stock plunge: ‘We’re very comfortable being the underdog’
By Ruth UmohApril 20, 2026
elon musk
NewslettersPrivate markets have soared to $10 trillion in AUM. But why have they underperformed public markets?
By Allie GarfinkleApril 20, 2026
  • OpenAI CEO Sam Altman (center) and Anthropic CEO Dario Amodei (right), not holding hands, in New Delhi on February 19, 2026. (Photo by Ludovic Marin/AFP/Getty Images)
    NewslettersOpenAI revenue chief accuses rival Anthropic of goosing revenue projections
    By Andrew NuscaApril 14, 2026
Apple's Siri assistant on a MacBook Pro in San Francisco on Feb. 11, 2026. (Photo: Jason Henry/Bloomberg/Getty Images)
NewslettersWhat to expect at Apple’s WWDC
By Andrew NuscaApril 20, 2026
Cisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate
NewslettersCisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate
By Diane BradyApril 20, 2026
Fortune Archives: What work will be left for people to do?
NewslettersFortune Archives: What work will be left for people to do?
By Geoff ColvinApril 19, 2026
She learned accounting before she was a teenager. Now she’s bringing Wall Street to the blockchain
NewslettersShe learned accounting before she was a teenager. Now she’s bringing Wall Street to the blockchain
By Sheryl EstradaApril 17, 2026
Meet the crypto guru to the Fortune 500
NewslettersMeet the crypto guru to the Fortune 500
By Sheryl EstradaApril 17, 2026
  • Julie’s new AI chatbot aims to fix a major gap in women’s health information
    NewslettersJulie’s new AI chatbot aims to fix a major gap in women’s health information
    By Emma HinchliffeApril 13, 2026
The startup Blackstone just backed to turn any exec’s data question into instant answers
NewslettersThe startup Blackstone just backed to turn any exec’s data question into instant answers
By Allie GarfinkleApril 17, 2026
The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
NewslettersThe first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
By Diane BradyApril 17, 2026
Netflix cofounder and chairman Reed Hastings on July 10, 2025 in Sun Valley, Idaho. (Photo: Kevin Dietsch/Getty Images)
NewslettersEnd of an era: Reed Hastings steps down from Netflix
By Andrew NuscaApril 17, 2026
An AI protest
NewslettersAnti-AI sentiment is on the rise—and it’s starting to turn violent
By Beatrice NolanApril 16, 2026
What Lena Dunham’s memoir tells us about TV’s double standard
NewslettersWhat Lena Dunham’s memoir tells us about TV’s double standard
By Ellie AustinApril 16, 2026
In this photo illustration, the American multinational investment bank and financial services company, The Bank of America (NYSE: BAC) logo is seen displayed on a smartphone with an economic stock exchange index graph in the background.
NewslettersBank of America’s 18,000 financial advisors just got a new AI tool as the company posts a record quarter
By Sheryl EstradaApril 16, 2026
Exclusive: Top crypto VCs like Paradigm and a16z see portfolio values shrink amid market downturn and distributions to investors
NewslettersExclusive: Top crypto VCs like Paradigm and a16z see portfolio values shrink amid market downturn and distributions to investors
By Ben WeissApril 16, 2026
Michael Rapino, president and CEO of Live Nation Entertainment, arrives at federal court on March 19, 2026 in New York City. (Photo: Michael M. Santiago/Getty Images)
NewslettersLive Nation and Ticketmaster are monopolists, jury says
By Andrew NuscaApril 16, 2026
Forget the chatbot wars. Google DeepMind CEO Demis Hassabis is thinking about something far bigger
NewslettersForget the chatbot wars. Google DeepMind CEO Demis Hassabis is thinking about something far bigger
By Kamal AhmedApril 16, 2026
Dow COO Karen Carter wearing a white lab coat and sitting while smiling
NewslettersWhat to know about Dow’s next CEO, the Fortune 500’s third Black female chief today who started at the $40 billion chemical maker as an intern
By Emma HinchliffeApril 15, 2026
Why insurance giant Travelers’ CTO is placing fewer, bigger bets on AI
NewslettersWhy insurance giant Travelers’ CTO is placing fewer, bigger bets on AI
By John KellApril 15, 2026
In this photo illustration, the American multinational investment bank, Citibank or Citi (NYSE: C), logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background.
NewslettersCiti’s new CFO touts AI gains as bank posts record $24.6 billion revenue quarter: ‘This is not the spell-checker working better’
By Sheryl EstradaApril 15, 2026
Dow’s next chapter depends on whether new CEO Karen Carter gets room to lead—and how fast Jim Fitterling steps back
NewslettersDow’s next chapter depends on whether new CEO Karen Carter gets room to lead—and how fast Jim Fitterling steps back
By Diane BradyApril 15, 2026
Mike Horton poses with his arms crossed.
NewslettersExclusive: Hyfix raises $15 million to build a U.S. alternative to DJI’s drone dominance
By Lily Mae LazarusApril 15, 2026
A ULA Atlas V-551 rocket lifts off with 27 new Amazon Leo satellites from Cape Canaveral Space Force Station in Florida on December 14, 2025. (Photo: Manuel Mazzanti/NurPhoto/Getty Images)
NewslettersWhy Amazon bought Globalstar for $11.6 billion
By Andrew NuscaApril 15, 2026
Anthropic’s Mythos reveals a growing security gap: AI finds flaws far faster than companies can patch them
AIAnthropic’s Mythos reveals a growing security gap: AI finds flaws far faster than companies can patch them
By Sharon GoldmanApril 14, 2026
Ally Bank reached 50/50 spend on men’s and women’s sports. Now its CMO is taking on ‘fanflation’
NewslettersAlly Bank reached 50/50 spend on men’s and women’s sports. Now its CMO is taking on ‘fanflation’
By Emma HinchliffeApril 14, 2026
Exclusive: AlphaSense names new CFO as revenue tops $500 million
NewslettersExclusive: AlphaSense names new CFO as revenue tops $500 million
By Sheryl EstradaApril 14, 2026
Exclusive: Chad Rigetti’s Sygaldry raises $139 million to bring quantum hardware to AI data centers
NewslettersExclusive: Chad Rigetti’s Sygaldry raises $139 million to bring quantum hardware to AI data centers
By Allie GarfinkleApril 14, 2026
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Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantageplaceholder alt text
By Sasha RogelbergApril 20, 2026
Success
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give backplaceholder alt text
By Orianna Rosa RoyleApril 21, 2026
Big Tech
Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEOplaceholder alt text
By Dave Smith and Fortune EditorsApril 20, 2026
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