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Innovation hubs were once the darlings of corporate strategy, promising to future-proof businesses and spark breakthrough ideas. But two decades in, the cracks are showing. Too many hubs have struggled to prove their worth, and some have quietly shut down altogether. In reality, these costly spaces never lived up to the hype—and the future lies elsewhere. Rather than investing in shiny new labs, organizations should be cultivating innovation communities: networks of people, inside and outside the company, who collaborate around shared challenges and opportunities. Looking Back: Proliferation Innovation hubs have proliferated through private enterprise over the…

When I first learned about Roth IRAs and Roth 401(k) plans—the tax-advantaged retirement plans that are funded with a taxpayer’s after-tax income—I remember thinking that it must be nice to have enough income that you could afford to contribute money to your retirement without an immediate tax break. But even though you fund Roth accounts with after-tax dollars, making them more expensive on the contribution side, they are ultimately a savvy way to save money in the long run. Unfortunately, if you don’t know what these accounts are or how they work, you will miss out on all of their benefits. Here’s everything you need to know to make the most of Roth retirement a…

In part three of How YouTube Ate TV, Fast Company’s oral history of YouTube, new parent Google confronts the messy issues standing in the way of the video streamer’s long-term viability. As Viacom sues over YouTube users’ unauthorized uploading of intellectual property, Google and YouTube engineers simultaneously build technology that will save the business. Called ContentID, it lets copyright holders remove their work—or, better yet, leave it up and benefit from its monetization. YouTube also sets viewership goals that are even more wildly audacious than the ones it’s already achieved. First, though, Google has to convince even its own employees that buying the video…

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. Not everything creative needs a prompt. The Web is increasingly flooded with AI-generated images and videos, much of it aimed at kids. Sometimes it’s nice to break free of that synthetic media. As a dad of 10 and 12-year-old daughters, I appreciate resources for kids and families that celebrate human imagination, curiosity, and hands-on exploration. I had a fruitful recent conversation about resources for kids with a fellow dad, Kevin Maguire, who writes the great newsletter The New Fatherhood. If you’re a dad looking…

Companies that endure beyond 15 years understand that innovation is not optional—it’s essential to fend off constant disruption, stay ahead of competitors, and sustain growth. The opportunities are endless, from modernizing entrenched processes to strengthening business continuity. Axon For helping law enforcement coordinate manhunts The proliferation of public cameras, vehicle sensors, and other data sources can greatly aid law enforcement in locating suspects, but only if the information is efficiently collected and analyzed. Axon Fusus provides a unified interface that integrates video feeds, alerts, analytics, and vehicle data from Axon devices, community cameras, …

Fast-food companies, beware: Gas stations and convenience stores are coming for your customers. Fireside Market, a Wisconsin convenience store chain, announced a new store concept in Slinger, Wisconsin, designed to sell more burgers and less gas. It has a drive-through, curbside pickup area, and gourmet menu items—and it’s a model of the convenience store of the future. Fireside Market’s burger and sandwich menu is several steps up from the outdated idea of day-old taquitos spinning on a rotating food warmer at the local convenience store. Instead, its menu has items like a burger topped with bacon, pastrami, and balsamic-onion jam, and a grilled-salmon sandwich. …