Nvidia sustainability lead Josh Parker argues renewables alone can't keep pace with AI's growing electricity demand, positioning nuclear power as the company's preferred long-term fix for the industry's energy crunch.
Top Stories
Treasury says Banque Misr's UAE branches moved $1.8 billion tied to Iran's shadow banking network, prompting the US to cut off dollar clearing and the UAE to launch its own investigation, according to Bloomberg.
Casey's, the Fortune 500 convenience store chain, has built a $28 billion business on small-town gas stations and pizza, and Gen Z is discovering it on TikTok, according to Fortune.
Bill Gates wants to tax robots and AI tokens to offset job losses, while Jensen Huang argues AI will be a net job creator, though both say wealthy Americans should be taxed more, according to Fortune.
Nvidia posted $96.2 billion in Q2 revenue and, for the first time, guided a full year ahead, projecting 70% growth in fiscal 2028 that would put revenue over $100 billion above Wall Street's forecast, according to Fortune.
Mark Zuckerberg and Priscilla Chan have acquired Strancally Castle in Waterford, Ireland, an 11-bedroom Gothic Revival estate on 440 acres, joining a wave of American buyers in European luxury real estate, according to Fortune.
Flock Safety raised $500 million at an $8.3 billion valuation as its automated license plate cameras spread to 5,000 communities, even as privacy concerns and contract cancellations mount, according to Fortune.
Money Standard Newsroom
Money Standard Newsroom
Business
A Pearl Meyer survey finds just 34% of C-suite executives are clear on who owns AI decisions, even as global AI spending is set to hit $2.5 trillion this year, according to Fortune.
TIAA's Sastry Durvasula and Accenture's Manish Sharma argue most companies are layering AI onto broken systems instead of fixing the underlying data and workflows first, according to Fortune.
As large language models grow interchangeable, IMD's Amit Joshi argues the real edge in AI now belongs to whoever can finance and run infrastructure most cheaply, according to Fortune.
Business
ActivTrak CEO Heidi Farris says data from over 120,000 workers shows productivity peaks before AI becomes fully embedded in a job, arguing companies should stop chasing maximum adoption, according to Fortune.
Money Standard Newsroom
Money Standard Newsroom
Money Standard Newsroom
Money Standard Newsroom
Economy
Extreme June heat and drought pushed Champagne's 2026 harvest a month earlier than normal, with one producer calling the shift historic for the region, according to Fortune.
Executives like Jamie Dimon and Bill Gates are predicting AI will finally shrink the workweek, but a century of technological progress has barely moved the needle, according to Fortune.
Phoebe Gates leaned on a secretive Stanford class to launch her startup Phia, which has since raised $35 million, but internal Slack messages show she and her co-founder knew about alleged cookie stuffing months before disclosing it, according to Fortune.
Business
Morgan Stanley warns that local opposition, not capital, is becoming the real constraint on data center buildout, even as hyperscalers approach $1 trillion in annual spending, according to Fortune.
Economist Steve Hanke, who has guided currency reforms on four continents, is pushing Venezuela to fully dollarize as it battles roughly 400 percent inflation, according to Fortune.
Wistron chair Simon Lin has turned decades in manufacturing into a 298-spot climb on the Fortune Global 500, as the company's Nvidia server business more than doubled its revenue, according to Fortune.
4 min read
4 min read
4 min read
4 min read
4 min read
Get our newsletter for the inside track on today's big stories in global markets.
4 min read
4 min read
