What's on Your Mind?

In early 2000, with their company on the brink of failure, Netflix founders Reed Hastings and Marc Randolph flew to Dallas to meet with Blockbuster executives. As the story is told, they offered to sell their company for $50 million and got laughed out of the room. Humiliated, but determined, they built a business that toppled the industry giant. That version is almost certainly not true, but it remains popular with pundits who like to tell it at fancy conferences. It gets told and retold because it reinforces how we like to imagine things. Everybody loves a good “David vs. Goliath” story, and the idea of wily young entrepreneurs outsmarting big corporate fat cats fi…

Multiple reports this week revealed that General Motors is cutting hundreds of jobs in its IT department—but not with the intent to replace them outright with AI. The layoffs are reportedly impacting about 600 employees, or about 10% of the IT team, and the job cuts are partly designed to allow the company to bring on new employees with specific AI skills. General Motors has confirmed the layoffs and suggested they were part of a broader change to its IT operations. “GM is transforming its Information Technology organization to better position the company for the future,” a company spokesperson said in a statement. “As part of that work, we have made the difficult de…

Does the high price of gas have you considering a hybrid for your next vehicle? We don’t blame you, especially if you drive a lot. Fortunately, there are lots of hybrids to choose from, and many don’t cost much more than their non-hybrid counterparts. But to recoup the extra cost of a hybrid the quickest and start saving money, we don’t recommend purchasing just any hybrid. The car experts at Edmunds outline four tips that will give you the tools you need to find a hybrid that will maximize your savings. Aim for hybrids with the shortest payback periods New hybrids typically cost more than similar gas-only vehicles, so aim for a hybrid that doesn’t cost much more t…

Anthropic on Wednesday launched Claude for Small Business, a new package of agentic workflows, skills, and connectors designed to automate business tasks common to smaller companies. Claude for Small Business includes workflows for payroll planning, month-end close, business performance monitoring, and marketing campaign management. It also includes skills, or reusable capability packages for AI agents, focused on cash-flow forecasting, invoice chasing, contract review, lead triage, content strategy, and more, Anthropic says. Users get connectors, or integrations, to commonly used platforms including QuickBooks, PayPal, HubSpot, Canva, DocuSign, Google Workspace, …

The country that gave the world ABBA punches far above its weight in global pop music. In early April, Zara Larsson was the fourth-biggest female artist on Spotify, behind Taylor Swift, Olivia Dean, and Raye. The month prior, Larsson had become the first Swedish artist to top the Billboard Global 200. Her fans were delighted. So were Swedes. Sweden’s music industry is a clear example of soft power. An army of Swedish songwriters and producers appear in the credits of pop hits. Max Martin has written more chart-toppers than anyone except Paul McCartney. The Swedish House Mafia, Avicii, and Robyn are household names. With a population of just 10.6 million people, Sw…

Yeti’s logo is simple: just its name written in an all-caps sans-serif font, placed within a rounded rectangle. But to speak to new consumers, they’re getting rid of the one element that gives it brand recognition. In a new campaign created in collaboration with Wieden+Kennedy Portland, Yeti deleted the “Yeti” in its logo to make room for other four-letter words, like “Hike,” “Surf,” Golf,” “Fish,” “Hunt,” and “Snow.” They’re all written in the Yeti brand font, which closely resembles the bold grotesque sans serif Archivo Black. For the company, which was founded in 2006 and marks its 20th anniversary this year, it’s about broadening its reach. The word variat…

Anthropic has just announced Claude Design, a tool that lets teams generate and iterate visual design outputs through natural-language prompts. On the surface, it’s hard not to like the proposition: competent layout and typography on demand, fewer blank-page moments and faster shipping for everything from landing pages to pitch decks. When it comes to typography, it will make design faster, easier and cheaper. The problem is that it also makes design more likely to converge, because it defaults to what works: what’s legible, familiar and proven. In other words: safe, usable, generic. That genericness isn’t just an aesthetic issue. It reduces recognition, makes bra…

Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023. Prices at restaurants, fast-food chains and other places to get prepared meals also increased, putting overall food prices up 3.2% in the last year, the Labor Department’s consumer price index showed. Fuel prices have soared while the Iran war prevents cargo ships from passing through the Strait of Hormuz, a…

The Wendy’s Company could go private if billionaire Nelson Peltz has anything to say about it. The Trian Fund Management cofounder is looking for outside investors to help with a takeover of Wendy’s, the Financial Times reports. The news isn’t exactly surprising—in February, Trian used its regulatory filing to announce it might sell its stake or attempt a takeover of Wendy’s. Peltz and Trian currently own a 16% stake in Wendy’s, along with the Peltz family’s minority stake in a New York-area Wendy’s franchise owner. Peltz’s son, Bradley Peltz, and Trian cofounder and president Peter May are also on the board of Wendy’s. Fast Company reached out to Trian and W…

When Luis von Ahn, Duolingo’s CEO, sent an internal memo about AI last year, he didn’t expect it to go viral—or to ignite a firestorm about the future of work. Now he unpacks what he got right, what he got wrong, and what the backlash taught him about the real limitations of AI. It’s a candid reckoning with hype, growth, and the surprisingly complicated promise of technology in education. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company, Bob Safian. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today’s top business leaders navigating real-time…

While a lot of folks embrace the futuristic vibe of autonomous cars, two veteran mobility entrepreneurs quickly spotted a looming chokepoint in their scaling efforts. The robotaxi industry desperately needs a faster, more streamlined way to service its fleets if it hopes to become profitable. George Kalligeros, a Greek car enthusiast and former Tesla engineer, and the British business strategist Dan Keene were all too aware of new mobility infrastructure. They’d navigated similar logistics with their London startup Pushme Bikes, a massive battery-swapping network for shared e-scooters & e-bikes that raised $600 million before selling to Germany’s Tier Mobility in 2020…

Retail giant Walmart Inc has confirmed that it will eliminate some jobs. However, the affected positions will not impact the company’s retail staff, which makes up the overwhelming majority of its 1.6 million-strong U.S. workforce. Here’s what you need to know about Walmart’s latest round of layoffs. What’s happened? On Tuesday, the Wall Street Journal reported that Walmart would lay off or relocate around 1,000 members of its corporate workforce, citing people familiar with the situation. Walmart has now confirmed to Fast Company that it is eliminating some roles, without specifying the exact number of positions to be cut. A company spokesperson provided …

At my latest networking “meeting” with my bro Alex — also known as a free lunch with a marketing executive who still has a job and a corporate card — we talked about freelance opportunities that might be coming up. We talked about who was hiring, who claimed they were hiring, and which companies were pretending that “lean teams” were somehow a point of pride instead of a warning sign. As we were wrapping up, Alex asked about my runway. “How much longer do you have on unemployment?” he asked, while signing the check. “I never filed for unemployment,” I said. Alex looked at me the way people look at you when you say you’re Team Aubrey. “What do you mean…

Since 1946, the Festival de Cannes (a.k.a. the Cannes Film Festival) in France has been a beacon of cinematic excellence and cultural exchange. For those who love the Academy Awards, films such as Parasite and Anora debuted here first before taking home an Oscar. This year promises to continue this worthy legacy despite fewer American entries than normal. Here’s everything you need to know as the festivities kick off this week. How did the Cannes Film Festival begin? In July 1938, a Nazi propaganda film helped inspire Philippe Erlanger to create a new film festival. He was one of many who were displeased that Leni Riefenstahl’s Olympia and Goffredo Alessandrin…

It’s time to stop calling Gen Z the youngest generation in the workforce. Gen Alpha has entered the chat. Although the oldest Gen Alphas have only just hit their teen years, they are deeply financially motivated and ready to be put to work. If you happen to be living with a Gen Alpha who seems strangely fixated on earning their own money—or who is obsessed with brands and products—you know that we’re raising a generation of hustlers (even if they’re just hustling us). But new data from public relations and marketing firm DKC is shedding even more light on the financial intrigue behind Gen Alpha. The firm surveyed 1,000 parents of 8- to 15-year-olds about their chi…

Whether it’s giving you workout plans or summarizing your sleep, AI has hit fitness apps hard. In the race to add artificial intelligence features to everything from your music playlists to your weather app, the fitness world has also become flooded with new AI-powered services promising to take your workouts to the next level. Earlier this year, Strava launched Athlete Intelligence, which uses generative AI to create summaries of users’ activities, offering neat little roundups of things like heart rate and pace during runs, bike rides, or walks. Whoop AI, powered by none other than Sam Altman’s OpenAI, leverages biometric data to offer recommendations meant to …

The closest thing to the idealized mall you recall either from personal memory or from cultural lore exists on a block in the Soho neighborhood of New York City, New York Magazine aptly dubbed “Tween Row.” On a recent spring afternoon, tween girls outfitted in cable knit cardigans, pink camis, hoodies, and lowrise jeans, chatted with each other (or their willing parents) as they popped into favorite shops: Brandy Melville, Edikted, Princess Polly. As of May 14, Tween Row will get a new tenant jockeying for their attention: Victoria’s Secret’s Pink. The store, the first designed by creative director Adam Selman, points to the retail experiences Gen Z and Gen Alph…

When SpaceX filed an FCC application earlier this year proposing to launch a million satellite data centers into orbit, the company argued the project would have no meaningful environmental impact. On SpaceX’s website, Elon Musk made the case for space-based AI infrastructure in simpler terms: “It’s always sunny in space,” he wrote, arguing that orbital data centers are “obviously the only way to scale.” When SpaceX filed an FCC application earlier this year to launch a million satellite data centers into space, the company said that the plan wouldn’t have any environmental impact. But researchers say the climate calculus is far more complicated than that. Yes…

Inside Ikea’s movie studio-size marketing and production facility at the company’s headquarters in Älmhult, Sweden, a corner of a vast soundstage is piled with a multicolored array of what look like props from some fantastical children’s show. There’s a bench that rocks from side to side, a bright blue lamp that hides two transformative elbows in its skinny post, a glass vase with jug ears sticking out from its sides, and a clock on the end of a curvaceous red tube that looks like a worm wiggling its way out of the dirt. These whimsical items are all part of Ikea’s new PS collection, a once-in-a-while recurring product drop that the company uses to stretch its exp…

I mowed a lot of lawns and cleaned a lot of gutters as a kid, but my first consistent job was delivering newspapers. Today that sounds quaint, but it was a rite of passage back in the day. I grew up in Chevy Chase, Maryland, just outside Washington, D.C., raised primarily by my mom and in the most modest house of anyone I knew. She used to say we were never poor– we just didn’t have a lot of money. So at age 15 when I heard that a Washington Post delivery route paid $100/month, I jumped at the chance. This was the Post in its prime, not long after its reporting on the Watergate scandal made the paper famous. Every home in the area had a subscription. Politicians, …

Oops, it happened again. A celebrity was asked what they think about artificial intelligence and, after sharing their reflections, received intense blowback on social media. The latest such case is Demi Moore, who is currently serving on the jury for the Cannes Film Festival. At a May 12 press conference meant to introduce the broader film event, Moore was asked by a journalist about AI, its impact on Hollywood, and potential regulation. “I always feel ‘againstness’ breeds ‘againstness.’ AI is here,” Moore responded, clearly thinking on the spot. Rather than fight a “losing” battle, Moore suggested that artists figure out how to “work with” the technology. This, s…