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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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The most reassuring argument about AI and jobs quietly explains why Gen Z can’t get one

It’s not just the Jevons Paradox — it’s also the lump of labor fallacy. But there’s no God-given right for entry-level work to exist.

By Nick LichtenbergJune 29, 2026
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
By Tristan BoveJune 29, 2026
Photo of Jim Farley
Ford realized AI wasn’t capable of taking human jobs years ago—and hired 350 ‘gray beard’ engineers to steer its program
By Sasha RogelbergJune 29, 2026
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns 
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns 
By Jason MaJune 29, 2026
‘Cop on your wrist’—Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
‘Cop on your wrist’—Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
By Amanda GerutJune 29, 2026
Strategy cofounder Michael Saylor sits during a conference and looks out into the crowd.
Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
By Camila Grigera NaónJune 29, 2026
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‘Podcasts are the NBA’: Scott Galloway on Kara Swisher’s big success — ‘there’s a small amount of people making a lot of money’

Five staff, $20 million in revenue and every Democratic presidential hopeful in her inbox. Not bad for a tech and business podcast.

By Steven Sloan and The Associated PressJune 29, 2026
Comcast stock jumps 24% for agreeing to break up with itself

The cable giant is separating NBCUniversal and Sky into an independent media company, ending a conglomerate structure investors have discounted for years.

By Michelle Chapman and The Associated PressJune 29, 2026
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 29, 2026
The CEO behind Grand Theft Auto VI doesn’t play video games, but analysts say he has put $1.5 billion behind the biggest game launch of the decade

“I don’t think being consumer-in-chief really helps a CEO be effective in this business,” said Take-Two Interactive Software CEO Strauss Zelnick.

By Marco Quiroz-GutierrezJune 29, 2026
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Startups & Venture
More in Startups & Venture
Quantinuum rings the IPO bell at the Nasdaq
Why BlackRock, Nvidia, and Temasek are betting billions on quantum computing

Geopolitical competition and meaningful exits are convincing Wall Street the technology may finally be nearing its moment.

By Lily Mae LazarusJune 29, 2026
NASA plans daring robotic rescue mission to prevent an aging space telescope from falling back to Earth, and the legendary Hubble could be next

“I have to be honest. No one thought it was going to be possible. No one thought we would get as far as we’ve already gotten today.”

By Marcia Dunn and The Associated PressJune 28, 2026
Anthropic’s Alibaba fight raises a trillion-dollar question for IPO: How defensible is a frontier AI moat against China with Washington’s toolbox?

The clash over Claude could test Anthropic’s valuation by exposing how hard it is to protect frontier AI models after extraction.

By Mia OsmonbekovJune 28, 2026
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it’s the lesson he swears by as a $7.2 billion AI CEO

$7.2 billion AI founder Arvind Jain ‘observed’ Sundar Pichai at Google for years before he became CEO—he learned you need to ‘think crazy’ to be successful

By Orianna Rosa RoyleJune 28, 2026
More in Startups & Venture
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Internet technology and people's networks use AI to help with work, AI Learning or artificial intelligence in business and modern technology, AI technology in everyday life.
AI spending boom accelerates as Big Tech pours trillions into infrastructure

JPMorgan raised its AI capital spending forecast through 2030 as companies continue to expand AI infrastructure.

By Sheryl EstradaJune 29, 2026
Mozilla President: meet the open source ‘rebel alliance’ that could break Big Tech’s grip on AI

Middle powers like Canada and the EU are quietly building an alternative AI future — one that’s open, accountable, and not controlled by a handful of labs.

By Mark SurmanJune 29, 2026
Samsung, SK reportedly to invest $1.3 trillion over 10 years

Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area.

By Shinhye Kang, Seyoon Kim and BloombergJune 28, 2026
Ray Dalio was a ‘below average’ student who got into investing by caddying for Wall Street traders: Now he hires talent who have experienced hardship

“What I find quite often is the case is that that student who did really, really well—and in remembering all the things that they’ve learned and so on—hadn’t gone through anything like that, [and] may not be the most inventive, may not be the most determined.”

By Eleanor PringleJune 29, 2026
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Innovation
More in Innovation
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Wendy Schmidt: Three centuries of science is something to celebrate

George Washington Died Not Knowing Dinosaurs Existed. Three Centuries Later, Science Has Never Needed More Defense.

By Wendy SchmidtJune 29, 2026
France wearing green for the Statue of Liberty: inside the unusual interpretation of ‘national pride’ that makes World Cup jerseys

Nike’s Liberté away kit uses its mint hue to reframe a 140-year-old diplomatic gift as a statement of national identity on American soil.

By Claire Rush and The Associated PressJune 28, 2026
Greece tackles climate change wildfire risk with satellite network that can spot a blaze the size of a parking space

The 2018 Athens wildfire forced a total rethink. Now four shoebox satellites, AI triage, and a €550M EU commitment are making Greece the model.

By Derek Gatopoulos and The Associated PressJune 26, 2026
SpaceX, Charter discussed mobile phone partnership in U.S.

Charter, the largest home internet provider in the US, could run some of SpaceX’s phone traffic through its ground-based internet infrastructure.

By Kelcee Griffis and BloombergJune 27, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
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Australia’s under-16 social media ban is failing, so the government is (literally) doubling down

“We can all agree we would like the scheme to work better than it is currently, but that is on Big Tech taking the Mickey,” Minister Anika Wells said.

By Rod McGuirk and The Associated PressJune 29, 2026
Australia to strengthen enforcement of under-16 social media ban

“It’s clear big tech are not doing enough to comply with the law — there are still too many children on social media.”

By Ainslie Chandler and BloombergJune 27, 2026
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI

With Google’s AI models losing leaderboard places and its pace of model releases lagging, some are questioning if the internet giant can stay at AI’s cutting edge.

By Jeremy KahnJune 23, 2026
Job scams are getting more sophisticated, and they’re costing Americans millions

Nearly all scammers are using AI to track targets. It’s making the usual red flags harder to decipher.

By Jacqueline MunisJune 27, 2026
More in Cybersecurity
Latest Stories
Lisa Cook and E. Jean Carroll win against Trump at the Supreme Court
NewslettersLisa Cook and E. Jean Carroll win against Trump at the Supreme Court
By Emma HinchliffeJune 29, 2026
The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
EconomyThe Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
By Jason MaJune 29, 2026
alan
LawSupreme Court to Alan Dershowitz: take a hike with your $300 million defamation suit against CNN
By Lindsay Whitehurst and The Associated PressJune 29, 2026
acb
PoliticsOne of Trump’s Supreme Court appointees just saved the late mail ballots he hates so much
By Mark Sherman and The Associated PressJune 29, 2026
Target worker stocks shelves
SuccessTarget is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired
By Emma BurleighJune 29, 2026
b
Law2 more NBA players indicted who ‘turned professional basketball into a criminal betting operation’
By The Associated PressJune 29, 2026
lc
PoliticsSupreme Court rules against Donald Trump in his quest to fire Fed Governor Lisa Cook — for now
By Mark Sherman and The Associated PressJune 29, 2026
MacKenzie Scott (left); Elon Musk (right)
SuccessElon Musk on MacKenzie Scott giving away $26 billion of her fortune: ‘Sadly,’ it makes the world a worse place
By Sydney LakeJune 29, 2026
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SpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs combined
InvestingSpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs combined
By Shawn TullyMarch 5, 2026
  • Woman wearing headphones working at a computer
    AI$15 billion of the insurance industry is at risk from AI, BofA says
    By Nick LichtenbergMarch 3, 2026
Studio portrait of Leopold Aschenbrenner
InvestingWhy Leopold Aschenbrenner’s AI hedge fund is betting big on power companies and Bitcoin miners to fuel the ‘superintelligence’ race
By Sharon GoldmanMarch 5, 2026
Current price of Ethereum for March 4, 2026
Personal FinanceCurrent price of Ethereum for March 4, 2026
By Joseph HostetlerMarch 4, 2026
erik
Future of WorkTop AI economist who found ‘significant and disproportionate impact’ on entry-level jobs finds link between robots and minimum wage hikes
By Nick LichtenbergMarch 4, 2026
Exclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say
CryptoExclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say
By Ben Weiss and Leo SchwartzMarch 4, 2026
Viral deepfake ad casts Musk, Bezos, and Altman as corpulent overlords powering AI on human sweat. Its creator says the best jokes tell the truth
AIViral deepfake ad casts Musk, Bezos, and Altman as corpulent overlords powering AI on human sweat. Its creator says the best jokes tell the truth
By Marco Quiroz-GutierrezMarch 4, 2026
  • howard
    AILegendary investor Howard Marks was skeptical about AI. What it said to him about Warren Buffett and Charlie Munger has left him shaken
    By Nick LichtenbergMarch 3, 2026
OpenAI's head of Codex, Thibault Sottiaux
AIOpenAI sees Codex users spike to 1.6 million, positions coding tool as gateway to AI agents for business
By Jeremy KahnMarch 4, 2026
Lenovo’s CIO says patience is a virtue in AI investing, but the clock is ticking
NewslettersLenovo’s CIO says patience is a virtue in AI investing, but the clock is ticking
By John KellMarch 4, 2026
Dara Khosrowshahi, chief executive officer of Uber Technologies
SuccessUber CEO says his ‘really demanding’ work culture includes expecting employees to answer his emails over the weekend: ‘Don’t come here if you want to coast’
By Emma BurleighMarch 4, 2026
three men pose for photo
CryptoExclusive: Cyclops raises $8 million to build stablecoin infrastructure for payments companies
By Carlos GarciaMarch 4, 2026
altman
AISam Altman turned down a documentary’s requests to talk. So the director cast a ‘Sam Bot’ as its protagonist
By Michael Liedtke and The Associated PressMarch 4, 2026
  • As Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’
    Startups & VentureAs Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’
    By Marco Quiroz-GutierrezMarch 3, 2026
The French AI startup gunning for Workday, Oracle, and SAP
NewslettersThe French AI startup gunning for Workday, Oracle, and SAP
By Lily Mae LazarusMarch 4, 2026
Fortune Editor-in-Chief Alyson Shontell and Khosla Ventures Founder Vinod Khosla: Graphic for Fortune 500 Titans and Disruptors of Industry podcast. Episode title: "AI and the end of work?"
NewslettersFamed investor Vinod Khosla predicts free AI labor will lead to an era of few jobs and great abundance
By Alyson ShontellMarch 4, 2026
The curious case of Nvidia’s employee stock compensation change-up
NewslettersThe curious case of Nvidia’s employee stock compensation change-up
By Alexei OreskovicMarch 4, 2026
altman
CommentarySam Altman, Jensen Huang and the other AI kingpins only have themselves to blame for the scare rippling through the economy right now
By Kevin ManeyMarch 4, 2026
3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block
C-Suite3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block
By Diane BradyMarch 4, 2026
Vinod Khosla, wearing a black suit jacket, looks forward.
AIOpenAI investor Vinod Khosla predicts today’s 5-year-olds won’t ever need to get jobs thanks to AI
By Sasha RogelbergMarch 4, 2026
Sea doubles annual earnings, yet profitability worries drag shares down in worst drop in 2 years
RetailSea doubles annual earnings, yet profitability worries drag shares down in worst drop in 2 years
By Angelica AngMarch 4, 2026
wong
CommentaryLegal AI is splitting in two—and most people miss the difference
By David WongMarch 4, 2026
gen z
CommentaryMillennials invented the experience economy and Gen Z is reinventing travel itself
By Nick FilatovMarch 4, 2026
A woman sits in front of a laptop with her hands on her face.
AIGen Zers are paying the price for lack of experience as AI takes their jobs. Older workers are safe—for now, Dallas Fed warns
By Jacqueline MunisMarch 4, 2026
Palantir and other tech companies are stocking offices with nicotine products to increase worker productivity
HealthPalantir and other tech companies are stocking offices with nicotine products to increase worker productivity
By Catherina GioinoMarch 4, 2026
Man in a black leather jacket gesturing with his hands.
Big TechWarren Buffett complained for decades that boosting profits by excluding exec stock comp was ‘cynical.’ Nvidia just surprised Wall Street and agreed
By Amanda GerutMarch 4, 2026
iran
PoliticsIran’s revenge: drones damage data centers for Amazon Web Services, reveal west’s Achilles Heel
By Kelvin Chan and The Associated PressMarch 3, 2026
Photo of Jamie Siminoff
LawRing CEO Jamie Siminoff believes if people had more cameras, we may have already ‘solved’ the Nancy Guthrie case
By Catherina Gioino and Marco Quiroz-GutierrezMarch 3, 2026
Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
AITrump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
By Jake AngeloMarch 3, 2026
Illustration of ships on fire
EconomyTop economist says companies are close to a ‘Cortés moment’ on AI, referencing the conquistador who burned his boats and then invaded Mexico
By Nick LichtenbergMarch 3, 2026
snow
North AmericaAI that you can get behind: Syracuse claims snow complaints have dropped 30% since it partnered with the right GPS tech firm
By Jeff McMurray and The Associated PressMarch 3, 2026
A Boston police officer uses radar to track speeding vehicles
CybersecurityCities join Amazon in cutting ties with license-plate reader Flock following Ring’s Super Bowl ad—that Flock ‘didn’t have anything to do with’
By Catherina GioinoMarch 3, 2026
U.S. Secretary of War Pete Hegseth standing in front of a podium with a Pentagon sign behind him, gesturing with his hands outstretched and looking angry.
AIThe Pentagon’s fight with Anthropic was the first real test for how we will control powerful AI. The bad news: we all failed
By Jeremy KahnMarch 3, 2026
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away fasterplaceholder alt text
By Preston ForeJune 27, 2026
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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse placeplaceholder alt text
By Sydney LakeJune 29, 2026
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