What's on Your Mind?
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Twenty-five years ago, Google unveiled Adwords, which pledged to enable advertisers “to quickly design a flexible program that best fits [their] online marketing goals and budget,” Google cofounder Larry Page said at the time. The principle was simple. AdWords allowed advertisers to purchase individualized, affordable keyword-based advertising that appears alongside search results used by hundreds of millions of people every day. That decision was a game changer for Google. Advertising now accounts for around three in every four dollars of revenue the company has made so far this year, growing 10% in the last year alone. The product, since renamed Google Ads, has …
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In what is somehow a real-life event and not an overwrought metaphor for the state of American democracy, earlier this week, work crews began tearing down the East Wing of the White House in order to make room for President Donald The President’s planned 90,000-square-foot ballroom addition. Previously, The President had said that the project would not “interfere” with the existing building, which now appears to be accurate only in the sense that by sometime this weekend, the East Wing will no longer exist. The ballroom, which has an estimated cost of $250 million and a conspicuously uncertain completion date, will allow a president who feels most comfortable holding …
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Insincerity is the mother of deceit. Whenever we say something we don’t mean, we tell a lie. It may be a small misrepresentation, but it’s still a lie as we are being dishonest to hide what we truly think and feel. Repeated insincerity breaks down trust, communication, and understanding. So why do organizations, often without even knowing it, encourage insincerity in their employees? The answer lies a little with social media and a lot in narcissism. NARCISSISTS, NARCISSISTS, EVERYWHERE Since the early 1980s, psychologists have been tracking a steady rise in narcissism: a growing self-consciousness and preoccupation with our image and what other people say abou…
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The Washington, D.C., architectural firm that President Donald The President tapped to design his White House ballroom is known for its ornamental, classical architecture, but the firm’s work is not generally known, even by design aficionados. Crews are now demolishing the entirety of the East Wing for an expansive, $250 million new space designed by McCrery Architects, which compared to the detailed, hi-fi portfolios of today’s most prominent architectural firms, has a strikingly light online footprint. The firm’s site shows only contact information for new commission inquiries and a slideshow of work that includes artist renderings of the planned ballroom. There…
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In a company’s early days, culture is forged through proximity—shared desks, late nights, and the push-and-pull of turning ideas into reality. Decisions happen on the fly, and everyone knows each other by name. But as you scale—especially as a remote-first organization—that sense of connection can quietly fade. Suddenly, you realize you can’t attend every onboarding, celebrate every milestone, or even recognize every face on a Zoom call. That moment should give you pause. In fact, if it doesn’t, you’re missing a red flag. At Appfire, we’ve gone from a small crew to nearly 800 people across multiple continents. Our remote-first approach lets people “work where they…
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Research shows that an employee’s perception of what makes an authentic leader is the most significant predictor of job satisfaction and happiness at work. And I experienced this firsthand when my boss said three simple words that changed everything. You see, as a journalist, I was always accustomed to someone checking, editing, and approving every piece before publication. So when I asked my new boss yet another question about a piece of content I was working on, his response shocked me. He turned around and said, “I trust you.” I was blown away because it was a huge shift. For the first time, Someone is encouraging me to trust my own judgement instead of seeking…
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It’s been a wild 24 hours for the stock prices of America’s “big four” publicly traded quantum computing companies, which include D-Wave, IonQ, Quantum Computing Inc., and Rigetti. Yesterday, all four quantum firms saw their stock prices fall significantly along with a broader market selloff—mostly related to fears about a growing trade war with China and disappointing tech earnings. But today, shares of the Quantum Four are up on the rumors that the The President administration is interested in taking an equity stake in quantum computing firms. Here’s what you need to know. Commerce Department reportedly interested Last night, the Wall Street Journal repor…
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The government shutdown has reopened debate on what has been a central issue for both major political parties in the last 15 years: the future of health coverage under the Affordable Care Act. Tax credits for people who get health insurance through the marketplaces created by the Affordable Care Act, also known as Obamacare, expire at the end of the year. Democrats say they won’t vote to reopen the government until Republicans negotiate an extension of the expanded subsidies. Republicans say they won’t negotiate until Democrats vote to reopen the government. Lawmakers in both parties have been working on potential solutions behind the scenes, hoping that leaders will ev…
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In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year. The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances. Kent Smetters of the University of Pennsylvania’s Penn Wharton Budget Model, who served in President George W. Bush’s Treasury Department, told The Associated Press that a…
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It looks like I’m walking on Nerf darts. Twenty-two foam nubs protrude from the bottom of this shoe. When I slide it on, it almost feels like I’m walking on bubble tape—or like, with every step, an octopus tentacle is suctioning to my foot. Even through a thick cotton sock and all that foam, I can feel textures underfoot. I sense the individual blades of grass on a soccer pitch, and dragging my sole along a textured running track feels a bit akin to licking the roof of my mouth. Am I calmer? Perhaps. I’m certainly more mindful. But I also wonder if I’d notice this sensation in an hour. This is Nike Mind—the company’s first foray into apparel that puts your…
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Even in the age of electric cars and AI generated everything, we’re still using the same three technologies to insulate most of our clothing. And they work mostly the same way. Wool, down, and most recently, Primaloft (aka synthetic down) are all used to create “loft”—a fluffy substance that traps pockets of air. It’s that air that’s ultimately creating a barrier between you and the outside cold to keep you warm. But now, Nike is taking this premise to its ultimate conclusion, and launching its first coats that are insulated by nothing but air. And to tweak their warmth, you can even pump them up and deflate them as you like. The technology will debut in the T…
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Elliott Hill spent his entire career at Nike. But he spent a full year as its CEO before giving his first media interview in the role. In mid-October, the company invited a select group of global journalists to Beaverton, Oregon, to see the latest in Nike innovations. We tried a slew of ambitious products that will hit the market over the next year plus: mind-altering footwear, exoskeleton sneakers, and a jacket that inflates to keep you warm. And a few of us got to speak with Hill. Hill is the third Nike CEO I’ve interviewed for Fast Company. He’s not as introspective or soft-spoken as the design leader Mark Parker. He’s not as unapologetic or headstrong as the …
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I don’t know how Henri Cartier-Bresson would have reacted to Leica replacing the optical viewfinder on his camera with an artificial display. Perhaps the French photographer and cofounder of Magnum Photos wouldn’t have cared one bit about it. Or maybe he—a profound humanist—would have disliked the idea of it almost as much as I do. Cartier-Bresson once famously said that his Leica “became the extension of [his] eye, prowling the streets all day, feeling very strung up and ready to pounce, determined to ‘trap life’—to preserve life in the act of living.” That’s a little harder to accomplish with Leica’s new camera. Today, Leica is launching the M EV1. It’s the first M …
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On Wednesday, October 22, Tesla released its third-quarter earnings with a side of begging from CEO Elon Musk. The report and subsequent investors’ call was pretty standard. Tesla announced $28.1 billion in revenue, a 12% increase year-over-year (YOY) from $25.2 billion. A majority of Tesla’s revenue came, unsurprisingly, from automotive sales, which grew 6% YOY to $21.2 billion. Quarter three was the last push for U.S. customers to buy Tesla vehicles before the federal EV tax credit expired. However, it wasn’t enough. Tesla failed to meet Wall Street’s predicted $26.4 billion in total revenue, according to consensus estimates cited by CNBC. Its reported ear…
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There’s not a more fairy-tale story in business. Nike CEO Elliott Hill began as an intern. Worked about every job imaginable at the company. Was passed up as a fave for the CEO role in 2020 when John Donahoe was brought in from Bain. And then, finding himself retired, and charter member of a silver fox baseball league in Austin, the swoosh boomeranged in from the clouds and Hill hitched a ride back to Beaverton. Now, after a year at the helm, Hill’s still dealing with Nike’s COVID hangover, brought about (at least in part) by Donahoe, who bolstered profits by selling waves of retro sneakers to people at home, all while reorganizing the core innovation team structure t…
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David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in what could be the media industry’s biggest merger in years. Fresh off the Paramount-Skydance deal in August, the newly minted media mogul is eyeing one of Hollywood’s prized assets that is home to HBO, Warner Bros Studio and a streaming unit with more than 120 million subscribers. His $60 billion approach was rejected by Warner Bros Discovery on Tuesday, Reuters first reported. But the company has put a for-sale sign and attracted other potential suitors includ…
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Seth Todd was wearing an inflatable frog costume while protesting outside the U.S. Immigration and Customs Enforcement Building in Portland, Oregon, when a federal officer unleashed a torrent of chemical spray directly into the costume’s air vent. Video of the incident on Oct. 2 has spread, and puffed-out costumes — hippos in tutus, Mr. Potato Heads, dinosaurs — have quickly become a feature of protests against President Donald The President’s administration, including the massive “No Kings” marches across the U.S. last weekend. Todd, 24, said that while the attention has been overwhelming, he is nonetheless “honored to have inspired a movement like this.” “It’s helpin…
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President Donald The President’s administration announced Wednesday new “massive sanctions” against Russia’s oil industry that are aimed at moving Russian President Vladimir Putin to the negotiating table and bringing an end to Moscow’s brutal war on Ukraine. The sanctions against oil giants Rosneft and Lukoil followed months of calls from Ukrainian President Volodymyr Zelenskyy as well as bipartisan pressure on The President to hit Russia with harder sanctions on its oil industry, the economic engine that has allowed Russia to continue to execute the grinding conflict even as it finds itself largely internationally isolated. “Hopefully he’ll become reasonable,” T…
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Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. I’m Mark Sullivan, a senior writer at Fast Company, covering emerging tech, AI, and tech policy. This week, I’m focusing on the implications of OpenAI’s official entry into the browser game with its ChatGPT Atlas. I also talk to Stanford HAI’s James Landay about the AI industry’s UX design challenges, and examine “AI czar” David Sacks’s recent X skirmish with Democratic billionaire Reid Hoffman. Sign up to receive this newsletter every week via email here. And if you have comments on this issue and/or ideas for future ones, drop me a line at sulliva…
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Transparency comes up a lot with respect to the use of AI in journalism. There are obvious reasons for this—journalism is all about bringing transparency to what happens in the world, after all—and AI is a new thing that many people (rightly) view with skepticism. But that desire for transparency brings an opportunity to improve audience trust, something that’s in short supply lately. In fact, a recent report on the use of AI in news media from the Reuters Institute showed a pretty clear pattern of audiences’ trust declining the more AI was used in the journalistic process. Only 12% of people were comfortable with fully AI-generated content, increasing to 21% for most…
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President Donald The President has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time after failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking, and terrorism. Zhao had asked The President for a pardon previously. He has deep ties to World Liberty Financial, a crypto venture that the Republican president and his sons Eric and Donald Jr. launched in September. The President’s most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial, which has launched USD1, a stablecoin pegged…
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As weather disasters become more and more frequent, the home insurance system feels broken for Americans across the country. Now, the advocacy nonprofit Consumer Reports is trying to implement a “homeowners insurance bill of rights” to codify baseline protections across all 50 states. According to a survey from the group, homeowners have seen their insurance rates climb—like Sierra in North Carolina, whose insurance spiked 43% last year, with her provider citing the “increased regional weather risks” as well as Hurricane Helene’s impact specifically. They’ve been denied payouts, like Charmian in Illinois, who says their provider refused to pay for hail damage on t…
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China’s ruling Communist Party said Thursday it will focus on speeding up self-reliance in science and technology, a long-running push that has become more pronounced as the U.S. has imposed increasingly tight controls on access to semiconductors and other high-tech items. The announcement by state media came in a communique after a four-day meeting that approved a draft of the party’s next five-year development plan. China faces “profound and complex” changes and rising uncertainty, it said. The communique did not directly mention the trade war with U.S. President Donald The President. China’s leader Xi Jinping is expected to meet The President for talks in South…
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Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine. U.S. benchmark crude jumped 5.8%, to $61.91 per barrel midday Thursday, and analysts say if the situation remains static, U.S. consumers will soon be paying more at the pump. Patrick De Haan, head of petroleum analysis for GasBuddy, said while it was difficult to predict with certainty because of the number of moving parts, consumers will likely see a bump in prices as early as next week, if not sooner. “We’ll probably start to see motorists be i…
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Clippy, the animated paper clip that annoyed Microsoft Office users nearly three decades ago, might have just been ahead of its time. Microsoft introduced a new artificial intelligence character called Mico (pronounced MEE’koh) on Thursday, a floating cartoon face shaped like a blob or flame that will embody the software giant’s Copilot virtual assistant and marks the latest attempt by tech companies to imbue their AI chatbots with more of a personality. Copilot’s cute new emoji-like exterior comes as AI developers face a crossroads in how they present their increasingly capable chatbots to consumers without causing harm or backlash. Some have opted for faceless s…
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