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Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
Asia’s boardrooms are full of AI ambition. Over the past three years, companies have launched pilots, tested AI assistants, and explored use cases...
Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
Bank of America told investors to “take profits” on June 5, and many of them did. Savita Subramanian’s strategy team flagged seven of...
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
It’s been widely reported that SpaceX will provide its underwriters a “gross spread” of just 0.75% or less for shepherding the biggest initial...
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
Hello and welcome to Eye on AI. In this edition…highlights from Fortune Brainstorm Tech…Anthropic walks back a controversial decision around its new Fable...
Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time...
Oil drilling rises in longest U.S. streak since 2022 on price bump
US oil drilling has expanded for six straight weeks, the longest uptrend in almost four years, after the Iran war pushed crude prices...
Trump says he supports salary cap for Major League Baseball
President Donald Trump sided with Major League Baseball owners who are proposing a hard salary cap as part of the next collective bargaining agreement, adding...
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
Talks to extend the ceasefire between the U.S. and Iran are dead in the water, but traffic through the Strait of Hormuz is...
Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix
Soaring U.S. debt and projections that put it at astronomical levels in the coming years have set off increasing panic, though the precise...
Illinois joins Ohio in ordering pause on data center tax credits
Governor JB Pritzker issued an order pausing state tax incentives for data centers in Illinois after the state legislature stalled his plan to keep data-center...
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