HISTORICAL FACTS: 89 - The Untold Story

Companies are shifting toward cheaper open‑source AI models to rein in costs, Amazon CTO says

Stories of runaway AI bills have been making some executives skittish about AI spending.

Fortune · Jul 10

Stitch Fix's CEO inherited a broken tech darling. He's fixing it like a traditional retail exec

CEO Matt Baer, a Walmart and Macy’s alum, is refocusing the online personal styling service on retail 101.

Fortune · Jul 10

Asia's founders are decamping to the U.S. as the region suffers a protracted venture funding slump

Venture slowdown, weak exits and fragmented markets are pushing some Asian startups to Silicon Valley.

Fortune · Jul 9

Meta releases latest update of AI model Muse Spark as tech giant accelerates AI push under Alexandr Wang

Meta says Muse Spark 1.1 surpasses models from OpenAI and Anthropic on certain benchmarks—but didn’t include comparisons to rival AI labs’ most recent releases.

Fortune · Jul 9

Amazon's CTO on how developers can ride out the AI-powered coding wave

Software engineering is going through its most dramatic transformation in years.

Fortune · Jul 9

‘Sony essentially destroys its own defense’: How its disc-free PS5 plan triggered a $457M lawsuit and undercut its antitrust defense

Sony’s move enraged thousands of gamers and brought on a lawsuit with the backdrop of rival Xbox’s restructuring amid video game industry challenges.

Fortune · Jul 9

Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on

A tariff petition on Chinese glyphosate, a key RoundUp ingredient, has turned Bayer's biggest legal allies into its loudest critics

Fortune · Jul 9

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

MacKenzie Scott, worth $35.8 billion, just donated a record-breaking gift to the U.S. nonprofit Active Minds to support a “new era of mental health.”

Fortune · Jul 9

Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high

“If you are rich in the U.S., you give money away, but I could name you 100 very rich Canadians who give no money away,” ex-finance CEO Bill Holland said.

Fortune · Jul 9

Companies still don’t know how to incorporate AI in a holistic way, says Wharton expert

The real bottleneck isn’t the models—it’s change management and whether leaders can bring people along to work with AI as a partner.

Fortune · Jul 9