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Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, is unwavering as he reflects on the most radical decision of his decades-long career. In early 2023, convinced that generative AI was an “existential” transformation, Vaughan looked at his team and saw a workforce not fully on board. His ultimate response: He ripped the company down to the…
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Investors are pouring money into initial public offerings like it’s 2021, with this season alone unleashing several new tickers, including FIG, BLSH, and soon, STUB. For some, the surge is a welcome sign of renewed optimism after tariff-related chaos in the spring threatened a promised IPO revival. But an analysis of recent IPO-related filings shows…
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The week of the Jackson Hole symposium usually offers many things the market can get excited about: Hints about where monetary policy may be going, the Fed’s outlook on the economy, and any significant changes to the decision-making process which may have longer-term impacts on rates. This week, stocks can’t quite muster the courage to…
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I’ve been thinking a lot lately about the tremors rippling across the startup hiring landscape. Spurred on by AI, the marketplace is reassessing what great talent is, as entry-level hiring precipitously declines across the ecosystem. And there’s one subplot that kept coming up as I was reporting a piece I wrote about the new rules…
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The most closely watched hiring contest in crypto has a winner. Former senior White House official Bo Hines, whose departure this month led to a flurry of private sector job offers, is joining the stablecoin firm Tether to help lead the company’s expansion into the U.S., a spokesperson confirmed. Tether, whose headquarters is in El…
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Wall Street analysts are confident the artificial intelligence boom still has room to run. Even if Sam Altman, the OpenAI chief executive at the center of it all, appears less confident. Speaking to reporters over dinner late last week, Altman drew a parallel between today’s AI frenzy and the 1990s dot-com bubble, when internet company…
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Good morning. Warding off cyberattacks and digital conflict has become central to economic and business strategy. Horizon3.ai, a cybersecurity startup that includes talent that worked for the CIA and U.S. Special Operations Command, has appointed a new finance chief. Holly Grey joins as its first CFO, bringing more than 30 years of experience in public…
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I never thought I’d attend Burning Man or Davos, let alone both within the span of a year. And I certainly didn’t expect to walk away from each with the same insight about leadership in this era of disruption. To be clear, neither of these environments felt like my scene. As someone who is usually…
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A sweeping new report from MIT’s Project NANDA, “State of AI in Business 2025,” has uncovered a dramatic split in the landscape of enterprise artificial intelligence: while official AI adoption in companies stalls, a robust “shadow AI economy” is flourishing under the radar, powered by employees using personal AI tools for day-to-day work. The main…
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OpenAI CEO Sam Altman said the word “bubble” three times in 15 seconds in a room full of reporters and then urged them not to write a story about it—thus ensuring that plenty of stories would be written. He was arguing that investors are “overexcited” by AI. Is he right? From the point of view…