HISTORICAL FACTS: 20 | History Defined

Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies

After years of experiments and setbacks, some of America’s biggest delivery companies are racing to make drones mainstream.

Fortune · Aug 21

Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

Fortune · Aug 21

Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO

In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion

Fortune · Aug 20

'Game-changer' GLP-1s could fix America's obesity crisis—but 2 inequalities stand in the way

Wells Fargo Industry Insights' Robin Wenzel says the drugs are rewriting healthcare economics, but the math doesn't "pencil out" too often.

Fortune · Aug 20

MacKenzie Scott has given away nearly half her fortune, but Elon Musk says she is ‘making the world a worse place’

Billionaire MacKenzie Scott has faced backlash from conservative circles over her extensive philanthropic efforts. Notable individuals, including Elon Musk and Katie Miller, have expressed reservations regarding her hefty donations, which predominantly support progressive initiatives and organizations. Since 2020, Scott has contributed an astonishing twenty-six billion dollars to various causes, sparking…

The Economic Times · Aug 20

Portfolio review takes on a new urgency for VCs as AI makes 2024's great deals look like 2026's clear mistakes

In venture capital, the half-life of a thesis has never been shorter.

Fortune · Aug 20

Zynga founder Mark Pincus: AI can get you to a B-plus, but it won't get you to an A

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Fortune · Aug 20

Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’

The $1.4 trillion figure may be unlikely, but the case could give states a new way to challenge how social media platforms are designed.

Fortune · Aug 20

‘Buyers aren't yet opening their wallets’: AI-generated assets are flooding online marketplaces, but consumers are snubbing AI for human-made products

In 3D model marketplace CGTrader, AI-generated assets made up one-sixth of newly uploaded models, but just 2.6% of sales.

Fortune · Aug 20

MacKenzie Scott got $1,000 from her roommate to stay in college. Years later, she donated $26 billion to charity

MacKenzie Scott is now known for giving billions of dollars to charities, but her own experience of needing financial help began much earlier. While studying at Princeton, Scott faced a difficult period when money was tight and remaining at university was uncertain. Her roommate, Jeannie Ringo Tarkenton, noticed her struggle…

The Times of India · Aug 19