Exclusive: Coinbase and Mastercard have both held advanced talks to buy stablecoin startup BVNK for around $2 billion
The terms and winning bidder haven’t been finalized, but the sale price is in the range of $1.5 billion to $2.5 billion, according to some of the sources. The talks…
From WhatsApp friends to a $500 million–plus valuation: These founders argue their tiny AI models are better for customers and the planet
The city of San Sebastián, in Spain’s Basque region, is a relaxed surfers’ haven that feels a world removed from any war. Yet atop a pine-forested hill overlooking the city,…
Delta’s bet on wealthy Americans driving the economy is working: Premium seats are set to overtake main cabin for the first time in history
Delta’s earnings release sent its shares surging by as much as 6%, making it one of the top performers in the S&P 500 on Thursday. The airline sector gained broadly…
Battle over Elon Musk’s trillionaire pay package builds as pension funds face off against Tesla
Tesla is clearly dedicating resources to communicating with its individual retail investors and informing them about how to vote, independent activist investor Michael Levin told Fortune, a feat that is…
Nobel Prize winner was hiking in Yellowstone with phone set to airplane mode. He’ll keep doing it for work-life balance
Sometimes, the award is anticipated. Potential winners plan tentative news conferences or, in the western U.S., wait up all night for the news.Five of this year’s nine science winners were…
Google is tightening its ‘Work from Anywhere’ policy: Now a single day will count as a full week
“Whether you log 1 WFA day or 5 WFA days in a given standard work week, 1 WFA week will be deducted from your WFA weekly balance,” the document, which…
California’s ‘impossible’ dream of ending fossil fuels isn’t working, and now it’s looking at price spikes and shortages
“The state has continued to overestimate its ability to wean itself off liquid fuels, and I think they’re starting to realize it may be too little, too late,” Patrick De…
Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says
The short answer is: Depending on where you live and who you are, the environment around you is recessionary. According to analysis from Moody’s Analytics, 22 U.S. states are seeing…
As AI bubble warnings mount, a 23-year-old’s $1.5 billion hedge fund shows how prophecy turns into profits
Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition…the rise of Leopold Aschenbrenner, a 23-year-old AI researcher turned hedge fund manager…the IMF and the Bank of…
Governments weighing crypto reserves target $75 billion pot
All told, more than $75 billion, according to research by blockchain analytics firm Chainalysis Inc. That figure tracks the amount of crypto tied to illicit activity that’s sitting “on chain”—meaning…
