Meet the executive behind AT&T’s $250 billion bid to become essential AI infrastructure
For generations, AT&T has occupied a familiar place in American business: the phone company, the network operator, the connective tissue behind much of daily communication. But in COO Jeff McElfresh’s…
Flagship Dubai crypto conference Token2049, in sudden reversal, cancels due to Iran war
The conference said that it made the decision due to “ongoing uncertainty in the region and its impact on safety, international travel and logistics”, according to the statement. After the U.S.…
The harder you work, the worse off you are—a CEO is sounding the alarm on a ‘competence hangover’ hitting top performers
“Wanting to make sure everything gets done to a high standard is great, but it can also take a toll over time, leading to unnecessary stress,” Duris warns. “If you…
Most AI investments fail—here’s what the winners get right
Generative AI stands apart from previous technological shifts: it’s fundamentally reinventing how businesses operate at breathtaking speed. What took farming mechanization decades—reducing agricultural workers from one-third of the U.S. workforce to 1%—AI is accomplishing in months. Yet despite billions…
The pay premium for job-hopping is disappearing—switching roles nearly has nearly the same payoff as staying loyal to an employer
And the financial incentive for workers to take the leap to a new job has been steadily declining for years, as employees cling to their roles and hiring stagnates. “This softening…
Amazon puts humans further back in the loop as its retail website crashes from ‘inaccurate advice’ that an AI agent took from an old wiki
Four high-severity incidents hit its retail website in a single week, including a six-hour meltdown last Thursday that locked shoppers out of checkout, account information and product pricing. The meeting,…
Adobe CEO Shantanu Narayen is stepping down after 18 years—as pressure on the company mounts to deliver on AI
Narayen announced that he will step down once a successor is appointed. He will remain chair of the board.“Over the coming months, I will be working with Frank Calderoni, our…
The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?
The U.S. Mint unveiled new designs for the country’s 250th anniversary and it left out one key detail: the olive branch from the newly designed dime. The new reverse shows…
Ripple valued at $50 billion after $750 million share buyback
Correction: This article was corrected on March 12. A previous version of the article said that Ripple’s November funding round was backed by Citadel Securities and Fortress Investment Group, but…
Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price
The average price of a gallon of regular unleaded gasoline is above $3.60 and rising in the U.S.—up 32% since its January low—but that’s nothing compared to the Asian nations…
