Neocloud provider CoreWeave’s revenue more than doubled in the second quarter, totaling $2.58 billion and topping analysts targets thanks to surging demand for its AI infrastructure services. “Our near-term capacity remains effectively sold out,” CEO Michael Intrator said on a call with analysts on Tuesday. Coreweave said its revenue backlog—deals that it has not billed
Operating at AI speed is not easy. At OpenAI, a special process—and a magic word—helps employees instantly cut through layers of bureaucracy and clear bottlenecks slowing things down. It’s called “friction.” And it has the power to supersede just about anything a team is doing, often carrying the force of CEO Sam Altman or President
Bill Ackman has spent roughly two decades and close to $1 billion on philanthropy. His verdict: Capitalism can often have a stronger societal impact. “I’ve spent a fair amount of time on philanthropy, and it’s vastly less efficient at solving problems than capitalism,” the Pershing Square Capital Management founder and CEO told Fortune editor-in-chief Alyson
Weight-loss drugs are becoming a popular employee perk, with almost a third of workers saying they’d switch jobs to get GLP-1 coverage. Now, Bank of America is spending $250 million or more yearly on the drugs for its staffers—and CEO Brian Moynihan says the upsides are well-worth the eye-watering cost. “What we see is a
You’re not imagining it. Getting a job right now really is harder than it used to be. That’s because Greenhouse CEO Daniel Chait has crunched the numbers on the job market, and they’re brutal: for every 10 open roles on his hiring platform alone, there are 2,539 applicants fighting over them. His advice for standing
Air India has appointed a new chief executive as the airline grapples with mounting challenges, including heavy financial losses and the fallout from last year’s crash that killed 260 people. Tewolde Gebremariam succeeds Campbell Wilson, who stepped down from the role in April. Gebremariam was earlier CEO at Ethiopian Airlines, where he worked for over