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Zohran Mamdani, the 34-year-old mayor of New York City, who campaigned on making the city more affordable, is facing one of the hardest tests of leadership: delivering on ambitious promises despite facing a challenging landscape. After inheriting a $12 billion gap in the budget—the largest since the Great Recession—Mamdani just released his $124.7 billion budget proposal for the 2027 fiscal year. It includes important measures like funding for childcare, worker protections, and greater access to mental health care. It also includes some entirely new investments that focus on creating more affordable housing opportunities for low-income New Yorkers. In a video post…

We are facing our generation’s digital divide: the AI Acumen Gap. According to our latest Brand Expectations Index, trust in AI is not a baseline; it’s a spectrum defined by professional proximity and generational sentiment. On one side, you have knowledge workers and younger generations who use these tools daily and largely trust the trajectory of big tech and AI startups. Within the general population and older generations, however, only a small fraction trusts AI companies, while nearly half view the technology as a harbinger of a more dangerous future. This divide creates a communication paradox. If you speak to everyone, you resonate with no one. To survive this …

As Meta has poured hundreds of billions of dollars into outpacing its competition in the AI arms race, employees have been forced to get on board with its big bet. Meta employees have been asked to enthusiastically adopt AI and are now evaluated on their AI use in performance reviews. Recurring layoffs have reportedly stoked discontent: According to a recent New York Times report, employees have built websites to count down to another round of rumored job cuts next week. Now the company is also using mouse-tracking software to collect employee data that will help train Meta’s AI models—and employees are not having it. A Reuters report today revealed that an onli…

For high school senior Aliyah Pack, getting distracted during school is the norm. Kids in her Pennsylvania school district use iPads starting in kindergarten, switch to Chromebooks in second grade and get their own MacBooks in eighth grade. Aliyah has ADHD, and finds it difficult to concentrate when she’s learning from a screen. She’ll watch Netflix in class on her school laptop, hiding her earbuds behind her long, curly hair. “It’s very hard to get into the mindset of being in school,” Aliyah said. Aliyah’s mother saw her grades were falling and asked the school to take away her laptop. But she was told that wasn’t possible. Across the country, parents are voicing co…

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. A look at the AI landscape for small businesses So much of the conversation around the great AI transformation of business has centered on enterprises, meaning companies with more than 500 employees. That makes sense: For AI and cloud companies, landing a large enterprise customer can mean securing a significant stream of recurring revenue. But if we’re really talking about AI reinventing work and making everyone more productive, small and medium-sized businesses should be a m…

Ian Yang saw a business opportunity sitting on the table of a restaurant. In the darkness of the room, a small portable light meant to make it easier to read a menu jumped out to him as just the kind of product his lighting company, Gantri, should be making. The challenge was that these common restaurant lights are all wireless. “They’re very dim, they’re very small, they’re not really fully fledged, like residential full-power products,” Yang says. But, he thought, they could be. That instinct led to three new wireless lighting product lines being released this week by Gantri, alongside a new digital manufacturing platform that will make it easier for other d…

There’s an old joke among economists that goes like this: “You can see the computer age everywhere but in the productivity statistics.” I didn’t say it was a funny joke. But when labor economist Robert Solow originally wrote those words in 1987, they were certainly true. Personal computers, corporate mainframes, and the first vestiges of the modern internet were all anyone could talk about. Yet productivity wasn’t budging. These whizzy technologies, in short, weren’t earning anyone any money. The phenomenon became known as Solow’s Paradox. Of course, we all know how that story ended. By the mid-1990s, productivity was on a tear, and tech was making lo…

According to a new report from Realtor.com, buying a new home could save you a ton of money in your first decade of homeownership. But those savings depend on where you live. On average, U.S. buyers who choose a new home end up with $25,335 in savings over the course of 10 years. That chunk of change could offset the higher price tag of a newly built home, even if it doesn’t show up as up-front savings. The hidden savings tied to buying a newer home can mostly be attributed to two major factors: energy costs and new systems that don’t require maintenance or upgrades out of the gate. New homes might lack the aesthetic charm of their classic counterparts, but they …

Artificial intelligence isn’t just a headache for human resources. More and more, corporate legal teams are becoming entangled in the technology’s mistakes. Generative AI-related lawsuits in the United States grew 978% from 2021 to 2025, according to a report from the reinsurance broker Gallagher Re. But a growing number of insurance companies are removing AI liability coverage. Berkshire Hathaway, Chubb, and Travelers have all won approval to largely drop the protection in recent months. Technically, the companies have added “AI exclusion clauses” to their standard commercial liability policies. Those clauses cover a wide range of issues, including employees alle…

Michaels is expanding its party supply and celebration offerings. In September 2025, the arts and crafts retailer introduced The Party Shop at Michaels, an in-store shopping experience that brought party supplies, balloons, and other celebration essentials to its shelves. This year, its product selection will grow even further. In a May 13 press release, Michaels announced it is expanding its in-store party supply assortment and introducing new in-store experiences, with plans to add nearly 600 new products to its shelves throughout 2026. Michaels isn’t the only unexpected retailer with a party supply aisle. Last month, Staples announced it was getting …

Tor Myhren is going to kind of hate this article. Because it’s about him, not his entire team. Because I want to talk about his shift from agency chief creative officer to leading marketing for the most pristine marketer on the planet, not to mention one of the world’s most valuable companies. Because I want to talk about how he’s been doing it for 10 years in an industry where brands change senior marketing executives as frequently as their socks. And because I want to start with the worst moment of his decade at Apple. At the time, Myhren had a singular focus. In early 2024, Apple’s VP of marketing communications was sitting with his team, thinki…

“Who are your enemies?” I was asked this interview question throughout my entire career. And I’d always come up blank. Every time. No enemies. And when I failed to produce an impressive enemy list, the reaction was always the same: How can you claim to be competent if you haven’t made powerful enemies? I came to understand this enemy thing was rooted in the male idea of power. That men tend to see winning and power like this: For me to win, you need to lose. I came to realize that this advice to be powerful enough to have enemies was basically an invitation to turn into an aggressive bully to advance my career. But here’s the catch. I was bullied as a …

Dozens of brands are using the 2026 FIFA World Cup as a chance to cash in on themed ads, products, and brand collaborations. But the home goods giant Lowe’s is doing something unique: debuting a 10-foot-tall inflatable of Lionel Messi for fans to put in their front yards. Lowe’s is running a series of activations for the world’s biggest soccer moment, all of which center on its limited-edition, $99 Messi inflatable, made in collaboration with Messi himself. The inflatable, which will start to pop up in a 20-foot version around several U.S. host cities in mid-May, will be available online to Lowe’s rewards members starting on May 18, followed by a limited release in se…

Today is an important day in the 2026 IPO landscape: Cerebras Systems Inc. is making its much-anticipated market debut. While not a household name like Nvidia, Intel, or TSMC, Cerebras is a chipmaker that is rapidly becoming a critical player in the AI semiconductor space. And investors will be casting a keen eye on how its stock performs in the early days of trading, looking for hints about how other, even more anticipated AI-related listings may play out later this year. Here’s what you need to know about Cerebras and its initial public offering: What is Cerebras Systems? Cerebras Systems is an AI semiconductor company headquartered in Sunnyvale, C…

On Wednesday, Cisco Systems announced impressive quarterly earnings alongside nearly 4,000 job cuts. The dichotomy stemmed from the hardware and networking company’s embrace of a rapidly growing trend in tech: openly admitting that layoffs are due to AI adoption rather than poor performance. “The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest,” Cisco CEO Chuck Robbins told employees in a publicly shared email. “I’m confident Cisco will be one of those winners. This means making hard decisions—about where we invest,…

Layoffs used to be something that made a company’s stock tank. But after Block announced layoffs recently, its stock went up. And they weren’t the only ones: Snap did the same thing a few months earlier, as did Meta and Amazon. The common thread? They all cited AI as their reason for cuts. For CEOs staring down investor pressure, the playbook has become clear: invoke AI, slash headcount, and watch the ticker go up. I’m a CEO, and I’ve been laid off before. I now advise HR and benefits leaders at Fortune 500 companies as they plan, execute, and move forward after making workforce cuts. Here’s why I’m cautioning fellow executives against jumping on the “AI” layoffs …

Jensen Huang left Carnegie Mellon University’s class of 2026 with a message that pushed back against graduation-season anxiety: there’s no better time than now to be starting a career. During a commencement speech on Sunday, the Nvidia CEO told the new grads that “the timing could not be more perfect” to launch a career than right now. “Your career starts at the beginning of the AI revolution,” Huang told the crowd of 5,800 undergraduate and graduate students. This sentiment landed better with Carnegie Mellon grads—the university which is widely recognized as the birthplace of artificial intelligence and robotics—than it did with others. At the University of …

U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. The Labor Department’s consumer price index rose 3.8% from April 2025, the biggest jump in three years, and up from a 3.3% year-over-year gain in March. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4%, according to the data released Tuesday. The month-over-month gain was down from a 0.9% increase in overall prices from February to March, when the initial financial shock from the war hit the U.S. economy. Labor Department figures showed that gasoline prices are up more than 28% com…

A few years ago, I sat across from the CEO of a Fortune 500 company who told me, “We can’t find people who can solve problems.” When I asked him where he thought the issue began, he answered, “Somewhere in college, I guess.” That moment made something painfully clear: He was looking in the wrong place. The problem didn’t start in college. It started in kindergarten. CORPORATE AMERICA IS FIGHTING THE WRONG TALENT BATTLE American CEOs and HR leaders are losing sleep over talent shortages, skills gaps, and workforce readiness. They pour billions into recruitment, retention, and employee training. In 2025, U.S. corporations spent an estimated$102.8 billion annua…

More than three dozen snack products sold under numerous brand names are being recalled due to fears that one of their ingredients could be contaminated with the potentially deadly bacterium Salmonella. Here’s what you need to know about the snacks recall. What’s happened? Beginning last month, a company called California Dairies Inc. recalled buttermilk and bulk powdered milk distributed to manufacturers over fears that the ingredients could be contaminated with Salmonella, according to a safety alert posted by the U.S. Food and Drug Administration (FDA). Since that initial recall, numerous other brands have recalled their own products that used the recalled i…