Good morning. On Fortune’s radar today: Anthropic’s Amodei targeted in smear memo ahead of White House dinner. Prize crude: $600 million of seized Iranian oil heads for the U.S. U.S. factories are shrinking, except for tech. Markets: Oil up, stocks down. Why the stock market is ignoring the bond market. Solar gets cheap and takes…
Hi, it’s Preston Fore, in for Allie. Earlier this month, defense tech firm Mach Industries raised $600 million in a Series C extension at a $3.7 billion valuation. That’s more than double the $1.8 billion valuation Mach reached just three months earlier when it raised its initial $300 million Series C led by Ribbit Capital,…
It was May 2023 when Bank of America’s Michael Hartnett took inspiration from the Wild West, coining the phrase “Magnificent 7” for a group of American companies that have proved to be the main driver of the stock market during an AI boom. And while the Mag 7—Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—remain…
The U.K. government’s minister for artificial intelligence has warned that nations will need to “harden their defenses” against AI risk after a former Anthropic employee said that a human extinction-level event could happen in the next decade. Answering a question from Fortune on the claim by former Anthropic worker, Jacob Coxon, Kanishka Narayan said he took the warnings seriously. Coxon warned in a post…
Streamsong’s new Bone Valley course designed by David McLay Kidd opens with smaller greens, a fossil-inspired name and a strategic test that rewards precision over power.
Dispatches from Ukraine. Day 1676.
ALPHA DRIVE ONE talks about their U.S. takeover, KCON LA, meeting international fans, their latest EP Unbreakable: Fragile Beast, and bringing music to the American fans.
Bruno Fernandes has suffered an injury that could be extremely damaging to Manchester United’s chances of improving.
The Toronto Blue Jays’ former catcher and World Series champion offered a blunt response on the team’s special treatment of the slugger.
On Saturday, Dylan Raiola came off the bench and helped Oregon defeat USC 41-27 on the road. Raiola went 19-25 for 289 yards, two touchdowns and no interceptions.