Fortune

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

For decades, Giorgio Armani has been keen to keep a tight grip on his eponymous fashion firm. But now, the nearly 90-year-old Italian mogul is keeping his options open regarding the future of the brand he cofounded in 1975. Read more: https://lnkd.in/ekrDEp9c

Recent outcry over public debt suggests the U.S. could be turning a bit more frugal, and, possibly, a bit more European. In the U.S., major voices in finance from Jamie Dimon to Jerome Powell have sounded the alarm on outsize levels of public debt. The U.S. government has gone debt crazy since the onset of the COVID-19 pandemic, with Trump’s $2.2 trillion COVID stimulus and President Joe Biden’s Inflation Reduction Act elevating national debt levels to record highs. At the latest count, the U.S. was sitting on a debt-to-GDP ratio of 121%. The eye-watering $33.1 trillion figure means every American is in equivalent debt to the tune of $100,000. Read more: https://lnkd.in/g54u-FDJ

Drew Baglino is cashing out. The former senior vice president in charge of powertrain engineering at Tesla liquidated virtually his entire stake in the company—worth $181 million—days after leaving the company last week. In a regulatory disclosure, Tesla said Baglino has exercised the bulk of his vested stock options that converted into 1.14 million shares. He promptly dumped them onto the market on Wednesday, the day after Tesla filed its 10-Q statement, which was the earliest possible opportunity for a corporate insider. Read more: https://lnkd.in/eu2AZFQv

The advisory board being assembled by the government to focus on the secure use of artificial intelligence has landed some of the industry’s biggest names. OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, Alphabet Inc. CEO Sundar Pichai, and NVIDIA founder and CEO Jensen Huang have all joined the Artificial Intelligence Safety and Security Board, reports the Wall Street Journal. That group will work with the Department of Homeland Security on how to use AI within critical infrastructure in the U.S. Among its tasks will be coming up with recommendations for guarding everything from power-grid operators to the transportation and manufacturing sectors from AI-driven attacks. Read more: https://lnkd.in/dHT_JsUU

The Federal Trade Commission on Thursday asked a judge to force Amazon to reveal what it tells company leaders about using the encrypted messaging app Signal to discuss sensitive topics and about preserving documents related to antitrust matters, according to a new court filing. In its filing, the FTC said it seeks “to compel Amazon to produce documents related to the company’s failure to preserve Signal messages, namely Amazon’s document preservation notices and its instructions about the use of ephemeral messaging applications, including Signal.” The filing marks the latest salvo in what could be a yearslong antitrust battle between the regulatory agency and the Seattle-based tech giant. Read more: https://lnkd.in/dd3nPmAN

Tesla’s stock rebound has helped Elon Musk get an edge over mega billionaire rival Mark Zuckerberg to secure his place as the world’s third-richest billionaire. Thanks to on-paper gains from his EV maker, Musk’s net worth rose to $185 billion, a nearly 9% jump from earlier this week that put him ahead of Zuckerberg’s $157 billion, according to the Bloomberg Billionaires Index. At the same time, disappointing Meta earnings took a $14 billion toll on CEO Zuckerberg’s net worth. Friday’s billionaire list reversal comes after Zuckerberg surpassed the Tesla CEO earlier this month for the first time since 2020. Read more: https://lnkd.in/eUrJ-HSr

Employers can’t control the flow of employees, but they can control the flow of confidential information.

“It’s the best job in the world.” William Shakespeare famously dismissed the importance of names. But a more modern wordsmith has built a three-decades-long career on just that—names. Anthony Shore, 56, is a professional namer who has christened more than 250 companies and products—and one dog. The names whose creation he’s directed include Accenture, Adobe Lightroom, Yum! Brands, Dreyer’s Slow Churned ice cream, Tonal home gym, Starry internet services, Virgin Voyages, and FedEx Custom Critical. Shore is trained as a linguist, has worked as a copywriter and typesetter, and led naming projects at branding firms Lexicon Branding and Landor Associates. Since 2009, Shore has run his own naming and branding agency, Operative Words. What makes a great name? Shore points to three key characteristics—that it’s inspirational, differentiable, and, of course, legally available. bit.ly/3JCqHqI

This week, many pro-Palestinian student protesters were arrested on college campuses like Yale University, while Google fired more than 30 employees who protested its cloud deal with Israel. Google CEO Sundar Pichai told employees in a company blog post that the office is not a place “to fight over disruptive issues or debate politics.” Read more in the #raceAhead newsletter: