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UNBELIEVABLE: 50 - Caught on Camera

Scott Strazik’s stunning turnaround at GE Vernova

Also: All the news and watercooler chat from Fortune.

Fortune · Aug 12

Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution.

Fortune · Aug 12

Forget the gala, these Silicon Valley schools run their own venture capital funds

A handful of elite Bay Area schools have enlisted parent-donors from Sequoia, Lightspeed, and Battery to steer small pools of donated capital into early-stage startups. With massive IPOs back en vogue, schools are lining up for what could come next.

Fortune · Aug 12

From analysis to the latest developments in health,
read the most diverse news in one place.

Meet ChatTJB, the 'AI' chatbot with no AI, no algorithm and no LLM. It's just one guy and the 10,000 people who volunteered to type back

There's no AI behind ChatTJB, just a former Google employee and soon, more than 10,000 volunteers answering strangers' questions in his place.

Fortune · Aug 12

Kalshi's CEO is racing to build a futures market for AI's most precious resource, which could be worth $100 trillion by 2030

Compute is the new oil—but building its futures market may be just as messy.

Fortune · Aug 12

Universities are buying and selling property for data centers, prompting concerns about an AI brain drain

The George Washington University recently sold its Virginia campus to Amazon, and The University of Michigan proposed a new $1.2 billion data center development.

Fortune · Aug 12

CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion

The neocloud provider said revenue more than doubled in the second quarter, while backlog rose 246% year-over-year to $104.2 billion.

Fortune · Aug 12

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When OpenAI employees hit a roadblock, they email this address to ask CEO Sam Altman to solve it immediately

From office parking issues to technical roadblocks, the [email protected] inbox is a way for senior leadership to get direct visibility into on-the-ground issues and eliminate 'big company bulls**t'

Fortune · Aug 11

It is time to remake the federal government with a new fiscal constitution

It is time to remake the federal government with a new fiscal constitution. Not anymore.

Fortune · Aug 11

Former deputy mayor and Mamdani nemesis sued to block the city's pied-à-terre tax. The city froze the judge's pause within hours

Randy Mastro has sued the Mamdani administration five times already since leaving office under Mamdani's predecessor Eric Adams.

Fortune · Aug 11

Anthropic plans to add an invisible mark to AI text—as the industry scrambles to police AI slop

New models will embed an invisible, machine-readable signal in AI-generated text, part of an industry-wide push to distinguish human writing from AI output.

Fortune · Aug 11

Trump's media and crypto firm just posted a $238 million quarterly loss—here's where those losses came from

The decline in Bitcoin’s price and merger-related legal costs hurt results, prompting a push into new businesses.

Fortune · Aug 11

Long-time OpenAI exec Brad Lightcap departs to 'start something new'

Lightcap ends his eight-year run at the company, a tenure unmatched by most remaining employees outside of CEO Sam Altman and president Greg Brockman, but says he's 'not going far.'

Fortune · Aug 11

Google co-founder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

The state’s ultrawealthy, including Larry Page and Peter Thiel, have similarly donated to efforts opposing the wealth tax.

Fortune · Aug 11

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Fortune · Aug 11

How a book that inspired Warren Buffett and a $14,000 side hustle helped billionaire Bill Ackman get started as an investor

Pershing Square Capital Management CEO Bill Ackman says he was inspired to become an investor after working at his dad’s real estate company.

Fortune · Aug 11

Jamie Dimon warns dollar dominance depends on the military: ‘If we're not the strongest military in 25 years…we won't be the reserve currency either’

The JPMorgan CEO said U.S. military might will be the only thing keeping the world from being "very dangerous for us."

Fortune · Aug 11

After donating $8 billion, Steve and Connie Ballmer create three regional philanthropies so people closest to the work can decide how the money is spent

Ballmer Group is spinning its three regional offices into independent nonprofits, and CEO Terri Ludwig says she’d rather run them like startups than spinoffs.

Fortune · Aug 11

The best time to start a business is in your 20s—not 30s—says cofounder of $2 billion toy giant Spin Master: ’No one sees you as competition’

While the average founder is 42 years old, Spin Master cofounder Ronnen Harary says your 20s is actually the best time to start a business.

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news in one place.

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Fortune · Aug 11

How Khloé Kardashian’s popcorn brand Khloud got ahead of the protein craze

Khloud is winning over consumers at Target, Starbucks, and Walmart. For Khloé Kardashian, the journey to this point has been "a lot of trial and error."

Fortune · Aug 11

Kalshi’s 30-year-old CEO says most business advice is ‘trash’—he doesn’t read management books or listen to podcasts: ‘I’m gonna make it up as I go’

Kalshi cofounder Tarek Mansour slams founders for being over-reliant on ‘mostly trash’ business advice—he founded his now-$22 billion prediction market as a college grad.

Fortune · Aug 11

Startup B3IQ has found a new AI niche: Supplying rent-to-own machines to privacy-conscious university researchers

The New York based firm's clients include Stanford and Dartmouth u

Fortune · Aug 11

Exclusive: River Markets announces $8.5 million seed round to build prediction market trading tools for institutions

The round was led by Haun Ventures alongside Y Combinator, Coinbase Ventures and others.

Fortune · Aug 11

The AI dividend in healthcare is real. Now the focus is extending its impact

Driven by the pressures on health systems, AI is moving from promise to practice. It's beginning to pay dividends.

Fortune · Aug 11

OpenAI’s CFO insists AI won’t replace judgment

Sarah Friar's five steps for building an AI-native finance team, from access to accountability.

Fortune · Aug 11

Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender

The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.

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