News
How a Spanish startup pivoted to video AI and built a $230 million ARR business with no VC funding
53+ min ago (1127+ words) Greetings, Tech Editor Alexei Oreskovic guest-writing your Term Sheet today. Silicon Valley likes to think of itself as the center of the tech universe, and San Francisco's heavy concentration of AI companies is only reinforcing that habit. But innovation, creativity,…...
From three-person startups hitting $500 K ARR to Meta's CEO avatar project, AI agents are reshaping what a "team" looks like.
4+ hour, 30+ min ago (352+ words) Mukund Jha is the Co-founder and CEO of Emergent, an AI app building platform backed by Khosla Ventures, Soft Bank, Google and Y Combinator. Mark Zuckerberg is building an AI version of himself that can sit in meetings in his…...
Microsoft researchers have revealed the 40 jobs most exposed to AI'and even teachers make the list
1+ hour, 52+ min ago (638+ words) As companies like Amazon, Meta, and Microsoft publicly announce workforce reductions amid heavy AI investment, workers are scrambling to understand which careers might soon disappear and be outsourced to technology. A report from Microsoft researchers studying the occupational implications of…...
Fortune Tech: Musk v. Altman, Google staff vs. Pentagon, Microsoft-Open AI deal changes
1+ hour, 41+ min ago (768+ words) Good morning. We're just six weeks out from Fortune Brainstorm Tech in Aspen. I'm so excited for our 25th anniversary gathering. If you're on the fence about coming, please drop me a line. As they say: I know a guy. Today's…...
Open AI CFO reportedly at odds with Sam Altman over missed revenue target'even as AI capex is set to hit $660 billion
2+ hour, 2+ min ago (692+ words) No wonder the market is defying the uncertainty of the war. By yesterday morning, 140 companies in the S&P 500 had reported Q1 earnings (about one-third of "em) and of those, 73% beat analysts" expectations on earnings per share, according to Bank of…...
What the NSA's former director wants CEOs to know about navigating a dangerous world
2+ hour, 19+ min ago (392+ words) More budget airlines ask for help More budget airlines are turning to the Trump administration for help as jet fuel prices remain high. A group of low-cost airline executives, including those from Frontier and Avelo, met with administration officials last…...
The cost of compute is far beyond the costs of the employees: Nvidia exec says right now AI is more expensive than paying human workers
5+ hour, 19+ min ago (421+ words) The recent tech layoffs would initially appear to indicate the great labor shift from human workers to AI may already be happening." Other tech headers, however, suggest that right now, AI isn't saving companies money on labor; it's actually costing…...
China's decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI
5+ hour, 30+ min ago (678+ words) The move is a headache for Meta, for whom the Manus acquisition, reportedly valued at around $2 billion, was a key element of its new AI strategy. It's also not clear how Meta can "unwind" the deal: Manus employees had already…...
Musk vs. Altman: Burning Man, a 'diary,' and a trial almost no one thinks Musk can win
16+ hour, 35+ min ago (605+ words) The most expensive frenemy fall-out in tech history began Monday, in a federal courtroom in Oakland, Calif. Musk, who donated about $38 million of Open AI's earliest funding, wants the judge to unwind the for-profit conversion, force Altman and Brockman out…...
Reed Hastings says AI will drive a return back to humanities: 'I'd be doubling down on emotional skills"
19+ hour, 35+ min ago (404+ words) Reed Hastings, the cofounder, former CEO, and now chairman of the board at Netflix, studied AI and computer science back in the 1980s. Decades later, he thinks today's AI revolution could bring back an emphasis on the humanities as a field…...