Washington and Tokyo’s rare joint intervention to support the yen has put renewed focus on Japan, the largest foreign holder of US Treasurys. Early on Tuesday, the dollar-yen pair traded at around 157 against the dollar after rebounding from a nearly four-decade low of around 164, following intervention by US and Japanese authorities on Friday.
The global AI debate often fixates on models: Which ones are faster, which ones can do more, which ones are cheaper. The prominence of low-cost systems from China, like those from DeepSeek, z.ai, and Moonshot, has sharpened this focus, suggesting a narrowing gap with U.S. leaders. The rise of these brilliant, cheap AI models diverts
K-pop’s biggest stars, from BTS to Seventeen, have danced routines that Youngjun Choi choreographed. Now, the top choreographer is betting that AI can help anyone with an idea, a phone, and no dance training to create the next hit K-pop dance. It all started six years ago when Choi met Joon Jung, then a dancer
Doug Wood has spent 25 years building Tommy Bahama into a brand recognized well beyond golf courses and beach resorts. He also says he can tell, almost on sight, where a customer is from. “Typically, you can tell East Coast, West Coast really fast,” Wood told Fortune in a wide-ranging and rather hilarious conversation riddled
President Donald Trump promoted yet another product this week: “great grass” from the company he said replaced the White House lawn free of charge. Speaking to reporters in the Oval Office on Monday, Trump praised Scotts Miracle-Gro, a public company based in Ohio that sells lawn and garden products. Trump said the company would soon
When it was Alex Karp‘s turn to speak on Palantir’s second-quarter earnings call Monday evening, the CEO could barely contain his excitement. Grinning as he repeatedly pounded his pen on the table—and taking jabs at unnamed Silicon Valley AI competitors who “eat vegetables” and don’t support the U.S. military—a pugnacious Karp reveled in what he
