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Cybercrime is a serious threat to the global economy, destroying livelihoods, sowing distrust, and undermining growth. One forecast has it costing more than $15 trillion annually by the end of the decade. If so, only the GDPs of the U.S. and China are bigger. There’s cause for hope, though. As cyberthreats evolve, innovation is meeting the challenge. New solutions are leveraging AI, real-time threat intelligence, collaborative networks, and advanced authentication technologies. A GROWING PROBLEM Consider the figures. Malicious bots may now account for a third of internet traffic. AI-generated phishing attacks have multiplied tenfold in just a year, and a quarte…

Artificial intelligence company Anthropic announced a $50 billion investment in computing infrastructure on Wednesday that will include new data centers in Texas and New York. Microsoft also on Wednesday announced a new data center under construction in Atlanta, Georgia, describing it as connected to another in Wisconsin to form a “massive supercomputer” running on hundreds of thousands of Nvidia chips to power AI technology. The latest deals show that the tech industry is moving forward on huge spending to build energy-hungry AI infrastructure, despite lingering financial concerns about a bubble, environmental considerations, and the political effects of fast-ris…

Last week, Fast Company reported that regional banking giant TD Bank is planning to close more than 50 U.S. locations by the end of January. But TD Bank isn’t the only regional bank closing branches. In October, Citizens Bank disclosed that at least 14 branches throughout the United States will shutter, according to public filings. Here’s what to know and where they were located. Why is Citizens Bank closing branches? Reached for comment by Fast Company, a Citizens Bank spokesperson said its retail footprint is constantly changing along with people’s banking habits. “We regularly review customer banking patterns and make thoughtful adjustments, opening ne…

Oscar-winning actors Michael Caine and Matthew McConaughey have made deals with voice-cloning company ElevenLabs that will allow its artificial intelligence technology to replicate their voices. Caine said in a statement that ElevenLabs is “using innovation not to replace humanity, but to celebrate it.” “It’s not about replacing voices; it’s about amplifying them, opening doors for new storytellers everywhere,” said the 92-year-old British actor in a written statement. McConaughey also said he is investing in the New York-based startup and has had a relationship with it for several years. Financial terms of the deals were not disclosed. McConaughey said the de…

Just a week after self-described democratic socialist Zohran Mamdani made history as New York City’s first Muslim to be elected mayor, fellow Democrat Jack Schlossberg—President John F. Kennedy’s (JFK’s) grandson—announced he is also running for office in New York City, in the Empire State’s 12th Congressional district. If elected, he would represent New York in the U.S. House of Representatives. Both men are among a wave of young, progressive, charismatic candidates calling for change, amid a backlash to not only Donald The President’s second-term agenda, but also a historically unpopular Democratic Party that many feel are doing too little, too late. That list of pr…

Six hundred employees just packed up their desks and quit their jobs at Paramount Skydance. The mass exodus happened after the company, formed by Skydance Media’s takeover of Paramount Global, told employees that they were instating a five-day back-to-office mandate, set to begin on January 5. The company, led by new CEO David Ellison, let staffers know that if they didn’t plan to come back to the office, they could take a buyout deal starting on September 15. However, the media giant likely didn’t expect to be handing out quite so many severance packages. According to company disclosures filed on Monday, around 600 employees in the Los Angeles and New York …

America’s aviation system is straining under the weight of the longest government shutdown on record: thousands of flight cancellations, long delays at major airports, and frustrated travelers nationwide. In an unprecedented move, the Federal Aviation Administration last week ordered airlines to scale back domestic flight schedules, saying the cuts are meant to ease pressure on an overstretched system and help manage air traffic control staffing. Unpaid for more than a month, some air traffic controllers have begun calling out of work, citing stress and the need to take on second jobs—leaving more control towers and facilities short-staffed. The numbers show t…

If you’ve ever been hit with a sketchy text warning you of an overdue toll road payment or mysterious U.S. Postal Service fees, you’ve likely been targeted by one of the largest cyber scams sweeping the globe. Now, Google is suing an international cybercrime group it believes is responsible for the ubiquitous text-based phishing scheme, which may have raked in as much as $1 billion over the last three years. In the lawsuit filed Wednesday, Google alleges that 25 people are part of a sprawling scam operation that is known as “Lighthouse” and was designed to swipe the logins and passwords of victims caught in its web. The Lighthouse scam hinges on tricking people w…

World Labs, the AI model developer cofounded by AI pioneer Fei-Fei Li, has released its 3D-space generating model, “Marble.” At the Marble Labs website, creators can now input text prompts, images, or videos of pieces of a real-world environment. Marble uses them to create full 3D environments, which can include interior spaces or expansive exterior ones. Marble can reconstruct, generate, and simulate 3D worlds—think of it as a type of “world model.” In an interview with Fast Company, Li describes world models as a “significant” evolution of the generative AI era. “The large world model is really a significant step towards unlocking AI’s capability,” a category she ca…

What makes some people instantly likable? How can you make people want to be around you, to work with you, and follow your leadership? You may think it comes down to charisma that some people have and others don’t. In fact, there’s a simple habit that will make you instantly more likable. It’s the secret behind “magnetism,” according to Emma Seppälä, lecturer at the Yale School of Management and author of The Happiness Track. In a piece for Psychology Today, she cites research showing that “positive practices“—small moments of gratitude and caring toward other people—can turn you into one of those magnetic people others find irresistible. Showing genuine interest in o…

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already struggling economy. About 1.25 million federal workers haven’t been paid since October 1. Thousands of flights have been canceled, a trend that is expected to continue this week even as Congress moves toward reopening the government. Government contract awards have slowed and some food aid recipients have seen their benefits interrupted. Most of the lost economic activity will be recovered when the government reopens, as federal workers will receive back pay. But some canceled flights won’t be retaken, missed restaurant meals won’t be made u…

Amazon ushered in a new era for television advertising when it converted Prime Video into an ad-supported experience by default in 2024. By the middle of this year, some 130 million U.S. viewers were on Prime Video’s ad tier, watching between four and six minutes of ads per hour, according to an Adweek report. The move is part of the company’s long-term plan to dominate television advertising as viewership shifts from traditional broadcast and cable TV to streaming platforms. “The digital advertising landscape is rapidly evolving with streaming TV becoming mainstream,” says Kelly MacLean, VP of Amazon DSP, the company’s ad-buying platform. Under MacLean, Amazon’s…

Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based SoftBank Group Corp. said it sold the stake in Silicon Vally-based Nvidia in October, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence chatbot ChatGPT. SoftBank reported its profit in April-September soared to about 2.5 trillion yen (about $13 billion). Its sales for the six month period rose 7.7% year-on-year to 3.7 trillion yen ($24 billion), it said. The company’s fortunes tend to flu…

After enough Democrats caved this week and agreed to fund the federal government without guarantees for extending healthcare subsidies for tens of millions of Americans, a big question on the minds of many is “Will my health insurance premiums go up?” Unfortunately, the answer is likely to be a resounding yes, according to data compiled by the Kaiser Family Foundation (KFF), the nonprofit health research institute. Here’s how much more individuals and families of four can expect to pay for their healthcare premiums in 2026, unless Republicans decide to extend Affordable Care Act (ACA) enhanced premium tax credits—something the majority of GOP congresspeople have …

To the uninitiated, the term Scope 3 might sound like an obscure technical label. However, for those managing corporate carbon emissions, the term can inspire a range of emotions, from dread to dismay. Scope 3 emissions are generated by indirect upstream and downstream operations, and typically account for the largest share of a company’s carbon footprint. They also lie outside the organization’s direct control. Although one of the sustainability agenda’s most daunting items, technology can provide solutions to the Scope 3 challenge. There’s mounting pressure to tackle these emissions, as institutional investors such as pension funds pay close attention to the cli…

Major League Baseball said its authorized gaming operators will cap bets on individual pitches at $200 and exclude them from parlays, a day after two Cleveland Guardians were indicted and accused of rigging pitches at the behest of gamblers. MLB said Monday the limits were agreed to by sportsbook operators representing more than 98% of the U.S. betting market. The league said in a statement that pitch-level bets on outcomes of pitch velocity and of balls and strikes “present heightened integrity risks because they focus on one-off events that can be determined by a single player and can be inconsequential to the outcome of the game.” “The risk on these pitch-level marke…

Retirement saving requires key decisions: when to start, how much to save, and where to invest. The investing decision has drawn more attention as government regulators work to open 401(k) plans to alternative assets such as private market investments. Below, we compare the paths of two hypothetical retirement savers and their outcomes. A tale of two retirement savers Laura and JR are two 25-year-olds newly employed at the same company, in the same role. Step 1: Deciding to Save On her first day at work, Laura committed 10% of her $75,000 salary to her 401(k). That earned her company’s 3% annual match (it matches 50% up to 6%), and 13% in total savings. She…

Young people early in their careers are understandably alarmed by reports that their jobs are most at risk from AI automation. Some are even reconsidering their career choices due to what’s been dubbed AI anxiety. But job seekers shouldn’t give up. People whose jobs are threatened by AI must look for ways to play to their strengths and their human qualities. They should focus on the many areas where humans outshine AI—things like relationship building, resourcefulness, emotional intelligence, teamwork, and leadership. For much of the labor force, of course, it won’t be possible to avoid AI completely. Many occupations will involve working with AI not just as an as…

ByHeart Whole Nutrition Infant Formula is being recalled in 12 states due to concerns it may be contaminated with Clostridium botulinum, as the U.S. Food and Drug Administration (FDA) and Centers for Disease Control and Prevention continue to investigate a multi-state outbreak of infant botulism. As of November 10, 15 infants who were either fed the formula or exposed to it have developed infant botulism in 12 different states. Those states are: Arizona, California, Illinois, Kentucky, Minnesota, North Carolina, New Jersey, Oregon, Pennsylvania, Rhode Island, Texas, and Washington. The investigation remains ongoing. All 15 infants were hospitalized, and no deaths …