Fortune is launching a custom trained LLM built on data from our #Fortune1000 and #Global500 lists. Fortune Analytics, in partnership with Accenture, combines over 20 years of financial data with our business journalism into one, easy-to-use AI tool. “It's for anyone who wants to analyze companies, industries, trends and the world of business,” incoming Fortune CEO Anastasia Nyrkovskaya told Fortune Brainstorm AI London. It’s a “big deal,” Accenture Chief AI Officer Lan Guan said at #FortuneAI, because it combines decades of journalism, including articles behind paywalls, audio transcriptions, data archives. https://lnkd.in/eSubj8Qy
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FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.
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Employees at Fortune
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Victoria Slivkoff
Extreme Tech Challenge | Walden Catalyst Ventures
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Mallun Yen
Founder of Operator Collective, a venture firm and community of founders and operator LPs
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Chris Morris
Contributing Writer at Fortune Magazine (and Fortune.com), Nasdaq.com, Fast Company, AARP and more.
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Updates
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Three months since the Vision Pro mixed reality headset went on sale, Apple’s first new hardware device in years may already be running into headwinds. Ming-Chi Kuo, an Apple analyst with connections into its Asian supply chain, wrote on Tuesday that his channel checks with component manufacturers reveal that the tech giant is grealty tempering its expectations and now expects to sell between 400,000 and 450,000 units this year. “Demand in the U.S. market has fallen sharply beyond expectations,” he posted to Medium, adding the market consensus had been between 700,000 and 800,000. Since Apple doesn’t publish a forecast for Vision Pro sales, and did not respond to a Fortune request for comment, it’s difficult to verify his claims. However, the viral excitement surrounding Vision Pro’s launch in early February and its claim of launching a “new era of spatial computing” have tempered considerably. Read more: https://lnkd.in/eYB8C-Mz
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Big city living officially includes offices again. Demand for office space in New York City and Los Angeles has reached the outer edges of the pre-pandemic rate of demand, according to the latest quarterly Office Demand Index from real estate software firm VTS. Read more: https://lnkd.in/eTs5AUSj
Demand for office space is skyrocketing, especially in New York City and Los Angeles
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“It’s that unique confluence of strong demand, no supply because there’s no resale inventory, and large public builders with a meaningful advantage through those rate buydowns." Read more: https://lnkd.in/ePYDM_EN
It’s still a golden age of homebuilding, according to one top real estate CEO. Here’s why
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A parent’s bundle of joy is said to be priceless, but an economy marked by inflation might challenge that notion as people shell out thousands to raise their children. Even as the high cost of living ebbs a bit, the cost of everything between fancy strollers and formula has hiked for the current generation of parents. It all means three out of four people with a child report having and raising their kid was “far more expensive than expected,” according to a LendingTree survey of more than 2,000 adult consumers from the U.S. Read more: https://lnkd.in/eGkfM5az
The surging price of parenthood: Most Americans say raising a child was more expensive than they thought it would be
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“London’s position as the most desirable city, a position it has retained for many years, is both a promise and a challenge." London has long been continental Europe’s financial hub, with its vibrant Square Mile and the range of banks it’s home to. Clearly, even Brexit couldn’t dull its charm because the city is still a talent magnet unlike any other. For years, the British capital has ranked as the top destination among those looking for work—and this year was no different, according to a survey by Boston Consulting Group (BCG) on the global workforce published Wednesday. bit.ly/3QkmETY
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Workers are back in the office and business is carrying on as usual, but many employers are secretly struggling with a tired and disengaged workforce. Around 82% of employees are at risk for burnout this year, and HR teams across the country are worried about keeping their top talent as workers feel increasingly disconnected. Companies are searching for different solutions to the problem, but Hilton CHRO Laura Fuentes, who oversees a staff of over 178,000 corporate employees and 466,000 franchise “team members,” tells Fortune that they’ve found a formula that seems to be working for them. It includes a strong ERG culture, coupled with several in-demand employee benefits. That combo, she says, has led to an employee engagement rate of 93%, and a turnover rate that clocks in at about half of the food and accommodation industry average. Read more:
Hilton’s CHRO says a ‘virtuous cycle’ of benefits helped boost record employee engagement
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As a Department of Justice investigation of Archer-Daniels-Midland continues, the agricultural giant and its CFO have agreed to part ways.
ADM’s CFO agrees to resign amid DOJ investigation. What’s the board’s next move?
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David Beckham is taking on Mark Wahlberg—but not on the soccer pitch. The soccer icon is suing F45 Training, a fitness company co-owned by the actor, claiming it owes him millions of dollars for an endorsement deal. According to court filings, Beckham entered a five-year agreement in 2020 to be a brand ambassador for F45. The company said it would pay Beckham $1.5 million per year, the filings said, in addition to shares of the company six months and 12 months after it went public. Read more: https://lnkd.in/ei3FkX-j
Why David Beckham is suing Mark Wahlberg's fitness company
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Meta's strengths include digital advertising, according to Wedbush's Scott Devitt.
Over 4 in 5 Americans report using a Meta app daily—and those figures could soar if TikTok gets booted
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