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The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. In just a few short years, generative artificial intelligence has begun demonstrating its tremendous business potential. Stanford University’s latest AI Index report reveals that global corporate investment in AI grew nearly 45% in 2024 to reach $252.3 billion. With private investment in generative AI up 8.5 times over 2022 levels, forecasts suggest that AI could soon contribute trillions of dol…

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. “Every accumulation becomes the means of new accumulation.” This is what Karl Marx has to say about capital. He does not get enough credit for being one of the more accurate predictors of capitalism because people understandably do not like his solution. But the truth is, most philosophers do not even present a solution and he understood the problem as well as anyone. We saw more bankruptcie…

Just beyond a fenced-off access road in fields of tall grass on public land in Pennsylvania’s northwest sits a natural gas well pad that sat idle for close to a decade. The old fracking site suddenly roared back to life in 2022, spewing noise and pollution and rattling residents who were used to hunting pheasant on the quiet, bucolic terrain. Diversified Energy turned on the well pad, known as Longhorn Pad A, to funnel the natural gas into on-site generators powering cryptocurrency-mining supercomputers that churn away at numbers at all hours. The company set up and started the mine without securing a required air quality permit from state regulators, Capital & Ma…

Haliey Welch, better known as the “Hawk Tuah Girl,” is ready for a rebrand. After being thrust into the spotlight in 2024, thanks to her now-iconic “hawk tuah” catchphrase—featured in a video interview uploaded by the Tim & Dee TV YouTube channel—Welch experienced a crash course in the highs and lows of viral fame. In early December, she announced the launch of her own cryptocurrency meme coin, $HAWK. The coin quickly tanked, leaving fans upset and prompting an investigation by the U.S. Securities and Exchange Commission (SEC). “Anyhoo, I’m gonna go bed,” Welch said as she ended a livestream on X on December 4. She wasn’t heard from again until three month…

Daniel George, the founder and CEO of AI company TwinMind, has quite the resume. He was a part of a Nobel Prize-winning team that worked on using artificial intelligence (AI) to detect gravitational waves and black holes. He also worked on AI projects at companies like Wolfram and Google X. Perhaps most notably, he created an AI tool that automated his own job as a VP at JPMorgan, allowing him to spend a few years traveling the globe. And now, George counts himself as a startup founder, and he’s bringing his latest project to the masses: TwinMind, an AI platform that “listens to everything you do, say, and browse, and it’s all stored locally and encrypted,” he sa…

A book festival took place over the weekend in Baltimore, but even if you’re local, you likely didn’t hear about it until after the fact. The event, called “A Millions Lives Book Festival,” is now trending on social media, but for all the wrong reasons—it’s being called “The Fyre Festival” of book festivals, if that’s any indication of just how disappointing it seems to have been. A Million Lives, organized by author Grace Willows and Archer Management company, came to Baltimore’s Convention Center on May 2 and 3. While the event was allegedly described to authors as an extravagant fantasy-themed ball where they could promote their books to hundreds to thousands of atten…

Anthropic is turning to a Biden administration alum to run its new Beneficial Deployments team, which is tasked with helping extend the benefits of its AI to organizations focused on social good—particularly in areas like health research and education—that may lack market-driven incentives. The new team will be led by Elizabeth Kelly, who in 2024 was tapped by the Biden administration to lead the U.S. AI Safety Institute within the National Institute of Standards and Technology (NIST). Kelly helped form agreements with OpenAI and Anthropic that let NIST safety-test the companies’ new models prior to their deployment. She left the government in early March, and in mid-…

Less than a year after Rite Aid finally wrapped up its first bankruptcy proceedings, it’s now reportedly planning to file for Chapter 11 protection a second time. Based on a new report from Bloomberg, Rite Aid employees received a letter today from CEO Matthew Schroeder stating that the company’s negotiations with lenders for more capital have failed. He went on to explain that the pharmacy chain can no longer sustain itself and intends to file for Chapter 11 bankruptcy. Per the letter, the company will start by cutting jobs at its corporate offices in Pennsylvania, a move Schroeder attributed to “the dramatic downturn in the economy.” An apparent copy of the lett…

Warren Buffett’s announcement Saturday that he would be retiring as CEO of Berkshire Hathaway came as a surprise to lots of people, including the person who was elected to succeed him the next day. Greg Abel has been Buffett’s right-hand man for many years and the public heir apparent for the past five, but Buffett, in making his announcement, said he hadn’t told Abel the moment was coming. Buffett, 94, will stay on as chairman at Berkshire, but by the end of this year, Abel will be in the driver’s seat – and will have a big legacy to follow. Buffett took over Berkshire Hathaway in 1965. Things began to take off in 1978, when he convinced his friend Charlie Munger to …

When the email came from the Metropolitan Museum of Art, Jacques Agbobly at first didn’t quite believe it. The Brooklyn-based fashion designer had only been in the business for five years. Now, one of the world’s top museums was asking for two of his designs to be shown in “Superfine: Tailoring Black Style,” the exhibit launched by the starry Met Gala. “I was just floored with excitement,” Agbobly said in an interview. “I had to check to make sure it was from an official email. And then the excitement came, and I was like . . . am I allowed to say anything to anyone about it?” Agbobly grew up in Togo, watching seamstresses and tailors create beautiful garments…

Is a side hustle really the only thing separating you from the life you desire? Listening to some influencers on social media could certainly have you thinking so. Side hustles encompass a range of self-directed entrepreneurial activities undertaken while also working a job. For young people with limited access to capital, they’re the most accessible opportunity to engage in entrepreneurship. Yet, we still know very little about who takes them on and why, and what kind of impact they have on working life in economies like Australia. Our new report, Side Hustles: How Young People Are Redefining Work, presents the first wave of findings from an ongoing three-yea…

A teenager who admitted being “addicted to speed” behind the wheel had totaled two other cars in the year before he slammed into a minivan at 112 mph (180 kph) in a Seattle suburb, killing the driver and three of the five children she was transporting for a homeschool co-op. After sentencing Chase Daniel Jones last month to more than 17 years in prison, the judge tacked on a novel condition should he drive again: His vehicle must be equipped with a device that prevents accelerating far beyond the speed limit. Virginia this year became the first state to give its judges such a tool to deal with the most dangerous drivers on the road. Washington, D.C., already is using it…

Skywatchers, you’re in for a treat. You’re going to want to look up into the night late Monday, May 5 into the early hours of Tuesday, May 6, to see the debris of Halley’s comet as it lights up the sky with a meteor shower called the Eta Aquarids. Here’s everything you need to know about the Eta Aquarids and the chance to see debris from Halley’s comet in 2025. What are Halley’s comet and the Eta Aquarids meteor shower, anyway? While Halley’s comet itself only travels around the sun every 75 or so years, each time it returns to the inner solar system, it sprays debris (ice and rock) into space, which results in two meteor showers each year: the Eta Aquarids in …

Most F1 cars can reach speeds of well over 200 mph, but the newest automobiles in the F1 stable go much much slow. Built from 400,000 Lego pieces, the life-size Lego cars can drive 12 mph—not bad for a bunch of plastic bricks. To mark the start of a multiyear partnership, the Danish toy maker created 10 drivable, full-scale Formula 1 cars that debuted at the Miami Grand Prix. The racing series’ 20 competitors, including speed demons Max Verstappen and Charles Leclerc, drove the Lego cars at Sunday’s prerace Drivers’ Parade for millions of fans watching from the grandstands and on television. The “big build” cars took Lego builders a collective 22,000 hours ove…

The death of Joann fabrics is turning out to be a big gain for at least one other retailer. Following the beloved craft chain’s bankruptcy and subsequent plan to wind down its operations, discount retailer Burlington Stores—formerly known as Burlington Coat Factory—is moving to scoop up dozens of leases from former Joann locations across more than 20 states, court documents reveal. The 45 locations, some of which have been home to Joann’s stores for decades, were listed as being taken over by various Burlington subsidiaries on a bankruptcy court filing last week, with the company expected to assume control of most of the leases on June 1. In January, Joann fi…

Pharrell Williams has high hopes for the Met Gala, the first to focus exclusively on Black designers, and the first in more than 20 years to have a menswear theme. “I want it to feel like the most epic night of power, a reflection of Black resiliency in a world that continues to be colonized, by which I mean policies and legislation that are nothing short of that,” he recently told Vogue. “It’s our turn.” Indeed. And welcome to the first Monday in May. How to watch the 2025 Met Gala Vogue will livestream the gala starting at 6 p.m. Eastern on Vogue.com, its YouTube channel and across its other digital platforms. Teyana Taylor, La La Anthony and Ego Nwodim will h…

You’ve probably heard of Charles and Ray Eames, the designers behind the iconic Eames chair and ottoman, and Georgia O’Keefe, the trailblazing artist. But you might not know about how these artists were connected during their careers—or the art that came from their camaraderie. Herman Miller, in collaboration with the Georgia O’Keeffe Museum, is bringing that history to light with a new limited-run furniture line. The New Mexico Collection, set to be released on May 20, celebrates the Eameses, O’Keeffe, and designer Alexander Girard, the founding director of Herman Miller’s textile division. Included in the launch are 300 special Eames Wire Chairs, retailing for $1,9…