Fortune

Around the world in 2024, voters chose change: in South Africa, France,?Britain, and Japan. But nowhere does the anti-incumbent trend matter more than in the United States. The global uncertainty created by an oscillation of power between left and right—from Barack Obama to Donald Trump to Joe Biden and back to Trump—in the world’s only military superpower has again left political and business leaders in every region of the world scrambling to spot opportunities and risk. Trump’s comeback victory comes in a dramatically more unstable—and dangerous—geopolitical environment. Trump must manage two wars and a U.S. relationship with China that has grown?much more confrontational. For business leaders navigating the next four years, there are critical questions that must be answered. Read the full magazine story here: https://lnkd.in/ezGa_JH7

?Nvidia, the world’s most valuable company by market cap, remains heavily dependent on a few anonymous customers that collectively contribute tens of billions of dollars in revenue. The AI chip darling once again warned investors in its quarterly 10-Q filing to the SEC that it has key accounts so crucial that their orders each crossed the threshold of 10% of Nvidia’s global consolidated turnover. An elite trio of particularly deep-pocketed customers, for example, individually purchased between $10 billion and $11 billion worth of goods and services across the first nine months that ended in late October. Read more: https://lnkd.in/eJZJtMTA

Technology with purpose. I love this phrase, because it captures the idea that technology is more than just the latest trend: it’s a meaningful tool that can be used for good. Last week, I joined leaders in finance, healthcare, and consulting at the Fortune Global Forum to talk about AI with purpose. We dug into what #AI means for large companies, how it’s being integrated into operations, and the benefits it creates. For Siemens, one of AI’s biggest advantages lies in the productivity it offers our customers. For example, thanks to generative AI, manufacturers can use digital twins to design and optimize products virtually. Meanwhile, a plant manager can collect and analyze millions of points of data, predicting when maintenance will be needed and planning for it in advance. This is AI with purpose, providing greater efficiency, durability, and performance. Or consider AI’s impact on workforce development. AI can translate everyday language into code, making jobs in industry and manufacturing more accessible. Instead of needing an advanced degree in engineering, workers of all backgrounds can be trained, retrained, or upskilled to work alongside AI. That too is technology with a real, tangible purpose: creating jobs and opportunities. I was glad to share this perspective with fellow panelists Tim Wennes, Rodney W. Zemmel, and Alex Zhavoronkov, and hear their thoughts on AI. And a big thank you to Andrew Nusca for keeping the conversation lively and insightful! #FortuneGlobalForum

Walmart?has overtaken?Target?as Gen Z and millennials’ go-to retailer for affordable but aspirational products. Target, which has long been regarded as the fancier version of its counterpart, had a lackluster quarter. It was so poor that as a result of missing Wall Street profit forecasts,?Target’s stock sank a whopping 22%?this week. Meanwhile,?Walmart, the world’s largest retailer, had a strong quarter. Sales came in just under $170 billion, in-store sales increased 5.3%, foot traffic jumped 3%—but the big difference was in e-commerce sales, which leapt 22%. Read more for what's behind Walmart's success: https://lnkd.in/dyznKZk8

Dealmaking is expected to pop next year under the Trump administration. One company that is seeking capital is Yieldstreet, which made its name offering alternative assets like art and fine wine. Lovell Minnick Partners is also looking for a minority investor for its platform company Fortis Payment Systems. #deals #fintech #payments #wine

Jersey Mike’s CEO Peter Cancro has entered the club supreme—the billionaire’s club, that is. https://lnkd.in/gfgwkN84 The sub sandwich chain and buyout firm Blackstone are nearing a deal valuing Jersey Mike’s at about $8 billion, Reuters reported, launching Cancro into the list of the richest people in the world. Jersey Mike’s Subs officially announced Tuesday it had reached an agreement in which private equity giant Blackstone would acquire majority ownership of the fast-casual sandwich chain, which has more than 3,000 locations. Read more here: https://lnkd.in/gfgwkN84

Donald’s Trump reelection has touched off a flurry of questions about what his presidency means for various policies, including immigration, taxes, reproductive rights, and healthcare. But HR leaders across the country are wondering how it will impact one issue in particular: DEI. Fortune spoke with professors, lawyers, and diversity leaders to get their take on what they’re expecting from the next four years when it comes to DEI under a Trump presidency. Read more: https://lnkd.in/dxxDrdpt

Nvidia, the world’s most valuable company by market cap, remains heavily dependent on a few anonymous customers that collectively contribute tens of billions of dollars in revenue.?https://lnkd.in/eJZJtMTA The company once again warned investors in its quarterly 10-Q filing to the SEC that it has key accounts so crucial that their orders each crossed the threshold of ten percent of Nvidia’s global consolidated turnover. An elite trio of particularly deep-pocketed customers for example individually purchased between $10-$11 billion worth of goods and services across the first nine months that ended in late October. Read more: https://lnkd.in/eJZJtMTA

We all witnessed artificial intelligence explode onto the scene in 2023. Businesses large and small scrambled to figure out how—not if—they should adopt AI-powered tools, and whether it made sense to build or buy. Fortune #BrainstormAI will bring together the top minds among startups, Fortune 500 companies, investors, policymakers, and academics to discuss how AI is supercharging business and how we can mitigate risks to create responsible technology. Thank you to our founding partner Accenture, our premier parter Salesforce, and our partners?AARP, Adtalem Global Education, Iberdrola, IDA Ireland, Okta, and Workday. Learn more and see our full list of speakers here ?? https://lnkd.in/dHAADaPV

"I think that the government has played a poor role in people’s nutrition,” Beyond Meat?founder and CEO Ethan Brown tells Fortune. “I mean, you go into the supermarket and it’s basically an assault on your health. So I don’t think we can wait for the government to do things that will propel this.” The Beyond Meat brand, founded in 2009 and entering the retail market in 2012, had a quick and early success—through big investors including?Bill Gates, high-profile partnerships with outlets from Dunkin’ to?KFC, and a?first day of trading?in 2019 that saw its shares soar by 163%. Plant-based eating, it seemed, was finally having an unbreakable mainstream streak of progress. But it would not last long. Read more: https://lnkd.in/gds8ER-8