Former Cohere exec Sara Hooker has raised $50 million for her AI startup Adaption Labs—a bet on smaller, smarter models
Hooker says she wants to "eliminate prompt engineering" with AI models that intuitively adapt to varying tasks
Business
With PayPal stock down 80%, finance chief Jamie Miller steps in as interim CEO
PayPal turns to HP’s Enrique Lores as the next chief executive.
President Trump just missed a key legal deadline for his spending plans—stoking economists’ fears over the $38.5 trillion national debt
"We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates," Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB) said.
Palantir’s blockbuster earnings fired a starting gun on a global rally in stocks
Companies are reporting capex spending plans that suggest AI companies won't run out of money any time soon.
From Wall Street to Washington: The CEO who is overhauling the IRS and SSA
Frank Bisignano brings a corporate playbook to two of the federal government’s largest agencies.
30 years after the founding of ‘Silicon Alley,’ New York’s tech scene is so big it has no center
Also: All the news and watercooler chat from Fortune.
How Pfizer’s CEO wielded moral clarity to help his team do the impossible
The pharma company had to scale vaccine production from 200 million annually to 3 billion at the pandemic's peak.
Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season
Wall Street legend Frank Bisignano has become the most prominent businessperson to dive into government work.
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
Enlargement may look pretty on paper, but BRICS needs ground rules, enforcement, and even just a common message.
