Physical AI robots will automate ‘large sections’ of factory work in the next decade, Arm CEO says

CoreWeave CEO Michael Intrator stated at the Fortune Brainstorm AI conference in San Francisco that the company's recent IPO was an 'incredibly successful' venture, despite fluctuations in stock performance and challenges related to tariff timing on Liberation Day. Intrator defended the company's strategy, which is heavily reliant on debt, asserting that Wall Street is still adapting to CoreWeave's innovative cloud model.

OpenAI's COO, Brad Lightcap, announced at the Fortune Brainstorm AI event that the company is entering a 'code red' phase, focusing on enhancing ChatGPT and accelerating its enterprise adoption. This strategic shift comes amid increasing competition from rivals like Google, which has launched its Gemini 3 AI model.

Corporates have laid off 1.1 million workers through November, marking the highest number of job cuts since 2020 and the most significant layoffs since 2009. This trend reflects a growing concern about economic stability and potential recession triggers in the market.

Predictions for 2026 indicate that AI doctors will excel in scientific capabilities but struggle with business acumen, potentially leading to increased drug prices due to ineffective management strategies. This outlook follows a period marked by public health turmoil and significant funding cuts in healthcare.

Cursor, a $29 billion AI coding-assistant startup, has developed an internal AI Help Desk that successfully manages 80% of its employees' support tickets, as stated by CEO Michael Truell at Fortune's Brainstorm AI conference. This initiative showcases the company's commitment to integrating AI into its operational framework.

Glean, an enterprise AI unicorn, has achieved $200 million in annual recurring revenue (ARR), a significant increase from $100 million just nine months ago, as announced by CEO Arvind Jain at Fortune's Brainstorm AI conference.

Robinhood has expanded its offerings by launching staking services for Ethereum and Solana, marking a significant step in its ongoing commitment to the cryptocurrency market. This move aligns with the platform's strategy to enhance its digital asset services both domestically and internationally.

The AICPA president has expressed strong opposition to the Education Department's recent decision to reclassify accounting degrees, emphasizing that accounting is a recognized profession. This reclassification, if finalized, could significantly impact the federal aid available to students pursuing accounting education.