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What do you do when your AI agent hallucinates with your money? | Fortune Researchers from Google DeepMind, Microsoft, Columbia University, and t54 Labs want to build a financial safety net around autonomous AI.

We are talking about an entire “agentic economy” here, t54 founder Chandler Fang told Fortune in an emailed statement; “it is very different from simply using AI agents for financial tasks.” https://bit.ly/4tBpIfr

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Christina Koch just circled the moon—and made history | Fortune Already a record-breaking astronaut, Koch is now the first woman to travel around the moon.

Astronaut Christina Koch is the first woman to travel around the moon. It's not the first time she's made history. https://bit.ly/4civJa1

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‘You can never really catch up’: The Iran War is exacerbating already high grocery bills and it will only get worse if the war continues, experts say | Fortune Labor shortages, inflation, and energy costs were raising prices even before the war began, economists say.

A Fortune analysis of produce wholesale prices from USDA data found grocery-cart staples such as tomatoes, bananas, and yellow onions have experienced significant price spikes since the war began. https://bit.ly/48pbnKT

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One fan secretly recorded 10,000 concerts over 40 years. Now volunteers are racing to save the tapes before they disintegrate | Fortune From a hidden cassette recorder at Nirvana's Chicago debut to thousands of punk and indie shows, Aadam Jacobs built one of the most remarkable unofficial music archives in history

The growing Aadam Jacobs Collection is a treasure trove for music lovers, especially for fans of indie and punk rock. Now a group of volunteers is methodically cataloging, digitizing and uploading them one by one. https://bit.ly/4tzUzZI

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Gen Z workers are so fearful AI will take their job they’re intentionally sabotaging their company’s AI rollout | Fortune Many employees are refusing to use AI tools, with some even admitting to tampering with performance reviews to make AI appear less effective.

A significant share of employees are actively trying to sabotage their company’s AI rollout, according to a new report published from enterprise AI agent firm Writer and research firm Workplace Intelligence. https://bit.ly/4miD91v

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Housing is so expensive, even a $87 billion Wall Street bank is giving workers $6.5K in cash to get on the property ladder | Fortune U.S. staffers at Wall Street bank BNY earning $100,000 or less can qualify for a $6,500 down payment perk to buy their first home, in an effort to support the “financial security and economic prosperi...

The Bank of New York has just launched a new homeowner program for U.S. employees: those who earn $100,000 or less each year may qualify for $6,500 to be used towards buying their first home. https://bit.ly/3Qsgcgf

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Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we're already in one | Fortune The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Mark Zandi, the top economist at Moody’s Analytics, said the U.S. economy could already be in a recession, according to the Vicious Cycle Index, an economic indicator Zandi and his colleagues created. https://bit.ly/4dTJT3R

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China is going after fake expert influencers, and the FTC's new five-year plan seems to lay the same groundwork | Fortune China issued new regulation banning people without proper credentials from offering any tips related to health, finance or education online. The FTC just released a similar playbook.

Late last year, the Cyberspace Administration of China issued a sweeping regulation: any creator discussing medicine, health, law, finance, or education must prove verified professional credentials. In essence: no degree, no license, no post. https://bit.ly/47PtrOd

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Donald Trump Jr. says 'the biggest names' think Europe is a 'disaster' that needs to be fixed | Fortune “The biggest players, the biggest names in banking and finance, in tech and AI across the board” hold the same views, the president's oldest son said.

Donald Trump Jr. lashed out at the European Union on Tuesday, saying its liberal policies were discouraging investment and predicted a “major fracture” between the bloc’s eastern and western member states. https://bit.ly/4dAMeR4

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The ceasefire in Iran is already breaking, but markets don’t care | Fortune Iran’s parliament speaker Mohammad Bagher Ghalibaf said Wednesday that the Israeli strikes in Lebanon violated the agreement.

Iran’s parliament speaker Mohammad Bagher Ghalibaf said Wednesday that three clauses of the 10-point ceasefire framework with the United States had already been violated, despite negotiations not beginning. https://bit.ly/47QAFBp

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Fortune Tech: Anthropic’s bug zapper, Apple’s foldable iPhone, Kalshi’s Fox deal | Fortune Plus: ARR, CISA, Google, Hermeus, Intel, Iran.

“AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities,” Anthropic wrote. https://bit.ly/4tEP1gS

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U.S. had a national debt 'home run' in its grasp, says Jamie Dimon—the government did nothing with it, and now its best option is crisis management | Fortune "We haven't had the will yet to actually deal with it, and it's unfortunate because it can end up with a real problem, worse than it would otherwise have been. Good policy is free," Dimon said.

JPMorgan Chase CEO Jamie Dimon knows better than to predict when the national debt may come to a head—but he is certain that the nation’s fiscal trajectory cannot be ignored forever. https://bit.ly/4dzG6sf

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Supermicro launches probe after co-founder’s arrest on charges of $2.5 billion in chip smuggling | Fortune This is the Nvidia-allied server maker's third internal investigation since 2017.

Supermicro is launching an internal investigation following a federal indictment alleging one of the company’s cofounders orchestrated the routing of $2.5 billion in servers packed with Nvidia’s highly prized GPUs to China. https://bit.ly/4mfCH49

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Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive | Fortune Everything you need to know before you reach the office this morning.

Oil fell below $100 per barrel on the announcement of a two-week ceasefire between the U.S. and Iran, as the agreement hinges on a 10-point plan that includes reopening the Strait of Hormuz. https://bit.ly/4txREkj

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2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran | Fortune China’s “petroyuan” system is a player in a way that it wasn’t before.

U.S. and Israel’s war on Iran has put a spotlight on the strength of the “petrodollar,” which makes up the cornerstone of America’s dominance over global trade. https://bit.ly/41PU41U

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Meta unveils Muse Spark, its first new model since its botched Llama 4 debut. But will Muse Spark measure up to expectations? | Fortune Meta says the models' performance matches frontier AI models from rivals. But Muse Spark won't be easily accessible outside Meta's own product ecosystem.

Meta has unveiled Muse Spark, the first AI model produced by its Meta Superintelligence Labs, the new AI research unit it created last year and has spent billions of dollars to staff and equip. https://bit.ly/4c95i6l

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A councilmember backed a data center project. Then 13 bullets and a 'No Data Centers' note hit his home | Fortune As opposition to AI infrastructure spreads, an Indianapolis councilmember who backed a data center project was targeted in an apparent act of political violence at his home.

“Just steps from where those bullets struck is our dining room table... my son had been playing with his Legos the day before,” Indianapolis Councilmember Ron Gibson wrote. “That reality is deeply unsettling.” https://bit.ly/41UaSVu

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Will drama at OpenAI hurt its IPO chances? | Fortune OpenAI contends with scrutiny of CEO Sam Altman's honesty and reported tensions with CFO Sarah Friar, amid executive reshuffle and TBPN purchase

There are serious questions looming over OpenAI’s ability to go for an IPO this year. And, in the absence of an IPO, it’s unclear how much longer the company can continue to tap the private market. https://bit.ly/47S2ids

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Trump, the $39 trillion national debt, rosy growth assumptions and the question of 'a sustainable path' | Fortune The White House is betting 3% GDP growth will shrink the deficit—but faster growth would likely drive up interest costs on the $39 trillion national debt.

President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. economy can grow at 3% annually for the next decade. Experts are skeptical. https://bit.ly/4tBxLsJ

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$1.5 trillion relief rally erupts on Wall Street after Trump hits pause on Iran strikes | Fortune After weeks of tense brinkmanship, a tenuous truce was all traders needed.

Five weeks of held breath just exhaled from the U.S. stock market this morning, and it was worth about $1.5 trillion. https://bit.ly/41hLJE2

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Bill Ackman channels Warren Buffett with his $64 billion bid for Universal Music Group | Fortune Also: All the news and watercooler chat from Fortune.

Bill Ackman, CEO of Pershing Square Capital Management, cited a desire to unleash “long-term value” when making yesterday’s $64 billion bid to acquire Universal Music Group. https://bit.ly/4meJJpE

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Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans | Fortune The venture capitalist's proposal to eliminate income taxes for earners under $100,000 now has a powerful institutional ally—the most valuable AI company on the planet.

OpenAI's new policy paper proposes that AI systems approach superintelligence, the existing tax code, labor market, and social safety net are all dangerously unprepared for what’s coming. https://bit.ly/41nz6Hz

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Trump agrees 2-week ceasefire, says Iran has proposed a 'workable' 10-point peace plan | Fortune Since the war began on Feb. 28, Trump has repeatedly backed off of deadlines just before they expire.

U.S. President Donald Trump said late Tuesday he’s pulling back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or else a “whole civilization will die tonight.” https://bit.ly/4sR6bro

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a16z-backed Infinite Machine is building e-bikes that feel like mopeds. Cyclists may have qualms | Fortune The venture-backed bike maker is speeding past competitors with its newest 176-pound entrant.

Olto’s sleek and modern design—like a Cybertruck for the bike lane—tends to grab attention. But is it really a bike? https://bit.ly/4tFyFVf

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Asian stocks rally after Trump’s Iran ceasefire and ‘immediate’ Hormuz opening—even as it remains unclear how open the strait actually is | Fortune Asian markets surged on the possibility that much needed oil, gas and commodities can start flowing through the Strait of Hormuz again.

Asian markets surged Wednesday morning as investors welcomed a two-week ceasefire between the U.S. and Iran, even if details of what the temporary truce means for transit through the strategic Strait of Hormuz remain unclear. https://bit.ly/4dACQwK

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Southeast Asia's business leaders want wellness at work—as long as the programs get real results | Fortune Successful wellness benefits should avoid portraying the worker as the problem.

Southeast Asian companies with successful wellness programs have one thing in common: They treat it as a design challenge rather than a series of perks. https://bit.ly/4vhDWnf

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Who owns ideas in the AI age? | Fortune David Shelley, CEO of Hachette’s U.K. and U.S. operations, on taking on Big Tech, defending copyright, and why the future of human creativity is at stake.

Who owns ideas in the AI age?

Hachette Book Group CEO David Shelley is taking on Big Tech, defending copyright, and making the case for why the future of human creativity is at stake. bit.ly/41TdS4t

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A $400 million ballroom was just the beginning. Now, Trump plans to spend $174 million more on renovations | Fortune Nearly all of the funding comes from donors, the White House said.

The White House will spend $377 million for renovations and repairs for the presidential residence this year, according to the president’s budget released on Friday. https://bit.ly/3PQ5xfj

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Artemis II’s astronauts are on their way home—a six-figure salary but no overtime or hazard pay awaits them back on Earth | Fortune Despite making history for the entire human race, Artemis II astronauts are paid a humble salary of about $152,000—on par with mid-career desk jobs and skilled trades careers.

As the Artemis II crew heads back to Earth, there’s no financial windfall waiting for them. https://bit.ly/4v6ql26

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