Kickstarter’s CEO is championing human creativity in a flood of AI Also: All the news and watercooler chat from Fortune. Fortune · Nov 6
Europeans are living and working for longer. Principal’s CEO says companies aren’t ready for the change With average life expectancy across the EU now exceeding 81 years, Principal Financial chief executive Deanna Strable argues employers must rethink careers, training, and retirement. Fortune · Nov 6
Southeast Asia shouldn’t copy the U.S. healthcare model, says Walgreens Boots Alliance’s APAC head Southeast Asia is building out its systems of care amid rising healthcare costs and a shortage of specialist doctors. Fortune · Nov 6
Zillennials are ‘loud working ’: They're spending nearly 5 hours a week on self-promotion—and driving colleagues to quit One in four workers have considered quitting over colleagues who won’t stop shouting about their wins—and zillennials are the loudest. Fortune · Nov 6
In a contentious North Carolina House race, it was $59,000 against an incumbent's $3 million warchest—and the challenger won Democrats in several races overcame fundraising disadvantages to flip races in Republican strongholds. Fortune · Nov 6
'The nail that sticks out gets hammered first’: Elon Musk’s net worth falls $79.7B from Tesla and SpaceX drops while other Big Tech stocks rallied Tesla and SpaceX bucked the market rally as investors worried about political retaliation. Fortune · Nov 6
First-time buyers have ‘no low-rate mortgage to surrender’—and with rates back above 7%, one-quarter are leaning on family for the down payment For first-time buyers, saving for a down payment can take years, and a record share are now relying on inheritances. Fortune · Nov 6
Schools blocking AI from student computers will now lose access to Google’s search feature, leaving edtech experts scratching their heads “From a business angle, they're just doubling down as much as they can to try and force people to use AI,” one edtech critic said. “But from a pure learning angle, why?” Fortune · Nov 6
Southeast Asia needs more regulation and investments for its cultural industries to scale, says POPS Worldwide CEO Esther Nguyen While listeners today embrace music from different countries, there’s still a way to go before Southeast Asia’s music industry can scale globally. Fortune · Nov 6
The AI boom is the first platform shift where there are ‘real advantages’ of building from Asia, says Antler’s founder and CEO Magnus Grimeland A few factors make Asia an appealing home for startups: a rapidly growing electricity grid, and an abundance of advanced chips and engineering talent. Fortune · Nov 6
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. Fortune · Nov 6
The Iran war has cost U.S. households nearly $2,000 each. New strikes could keep the bill climbing Pentagon data puts U.S. war costs above $47 billion, and Moody’s estimates households have paid nearly $2,000 each. Oil’s post-election drop may not last. Fortune · Nov 6
Asia can't afford a 'cloudless' day. That means paying attention to undersea cables More than 99% of all international data is carried not by satellites but by a physical backbone of subsea cables. Fortune · Nov 5
Tech stocks are suffering their biggest selloff since Covid, as investors see premature end to AI datacenter boom Two days after voters overwhelmingly rejected data centers, the companies that make the chips, networking gear, and other tech for the facilities saw their stocks crushed. Fortune · Nov 5
Fortune · Nov 5 Wall Street’s best post-midterm rally in 44 years lasted just one day—then $3 trillion vanished as chip stocks plunged over AI fears Chip and AI stocks led a delayed selloff on fears new Democratic governors will pause data centers. Analysts split on how long.
Fortune · Nov 5 Apple and Home Depot join list of objectors to tokenized stock plan pushed by NYSE owner Boeing also joined the list of dozens of companies refusing to participate in the venture cochaired by former New York Gov. Andrew Cuomo.
Fortune · Nov 5 OpenAI’s Dots are coming up against the price of privacy, and the price of compute OpenAI took its Dev Day roadshow to London this week, attempting to sell the city’s developers on Dots, the company’s new, always-on AI assistant.
Fortune · Nov 5 A cruise ship sold as a forever home left 203 residents in Cambodia as Iran war fuel costs hit up to $8,000 a cabin Fuel for each cabin rose from $1,800 to as much as $8,000 a month, and founder Mikael Petterson says the Iran war broke the business.
Fortune · Nov 5 OpenAI debuts new cybersecurity-focused AI model amid growing alarm about AI-driven cyber attacks GPT-6 Cyber will initially be available to a small number of approved customers due to concerns that, in the wrong hands, it could supercharge cyberattacks.
Fortune · Nov 5 Elon Musk spent at least $225 million in Texas. The governor-elect who sued for Abbott emails and vowed a data center freeze won anyway Hinojosa has questioned a $1.66 billion tax break for Musk’s $16.8 billion Terafab chip plant, and Democrats now control the Texas House.
Fortune · Nov 5 Free Paristein! The young people in those streets did not come out of nowhere. The last 20 years did real damage.
Fortune · Nov 5 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.”
Fortune · Nov 5 Abdul El-Sayed’s commencement speech in 2007 was so good it led Bill Clinton to tell him to go into politics at just 22 years old Abdul El-Sayed’s University of Michigan speech impressed Bill Clinton so much that he encouraged the future senator-elect to go into politics.
Fortune · Nov 5 As Big Tech bets on nuclear power, startup Uranium Digital raises $16.5 million to modernize uranium trading Blockchain Capital led the Series A for the startup, which uses blockchain to track ownership of physical uranium.
Fortune · Nov 5 IBM CEO: rationing AI is a slow way to lose Running AI now costs more than training it.