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As the rise of artificial intelligence continues, companies operating in this space or relying on the technology are finding that they have two inextricable needs: data centers that can run and process the AI, and access to ample energy to power those vast data centers. One new company, Fermi America, aims to offer solutions for both these needs. And this week, Fermi announced its plans for an upcoming initial public offering and dual stock listings. Here’s what you need to know about Fermi America and its planned IPO. What is Fermi America? Fermi America is a very young company. It was only founded this year, just nine months ago in January 2025. The company i…

Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for artificial intelligence, saw its shares (Nasdaq: FRMI) close at $32.53 on their first day of trading Wednesday, up nearly 55% from their IPO price of $21 per share. Fermi’s stock price continued to rise through after-hours and into premarket trading on Thursday, reaching $36. It reached a high of $39 per share overnight, before dropping closer to $37 ahead of the market opening. What is Fermi? The company was cofounded by Rick Perry, former Texas governor, a GOP pr…

Market manipulation in the cryptocurrency world is rampant—and fewer than 500 people are responsible for as much as $250 million a year in profits and over $3.2 trillion in artificial trading, according to a new study published on Cornell University’s preprint server arXiv. Honglin Fu and colleagues at University College London have developed a tool that can track the coordination of pump-and-dump schemes, where crypto coin holders artificially inflate the price of a cryptocurrency by touting fake recommendations and generating nonexistent hype, making ordinary people intrigued enough to buy into a cryptocurrency before the owners then pull their stake and crash the p…

From return-to-office mandates, anxiety about AI taking (or reshaping) jobs, and a highly competitive atmosphere for recent graduates and other job seekers, 2025 has been a year of change. It’s also been a big year of change for women in the workplace, with a record number exiting the workforce. And, according to a new report, women are now also less inclined to seek promotions. LeanIn.Org and McKinsey & Co. just released their 2025 Women in the Workplace report based on a survey of 124 organizations employing around 3 million people. The survey research found that while companies overwhelmingly say that diversity (67%) and inclusion (84%) are top priorities, just…

For consumers heavy on savings and light on credit history, a new partnership in the world of credit scores could help you lock down a loan. FICO, the company basically synonymous with the credit score, is teaming up with Plaid to bring real-time data showing how much cash you have on hand to lenders. Plaid, a fintech company that links bank accounts with financial apps, has a lot of visibility into how its customers move cash between bank accounts, payments apps, investment platforms, and just about everything else. Plaid’s technology runs under the hood across a huge network of 12,000 financial institutions that partner with the fintech startup, which has grown into…

FIFA slashed the price of some World Cup tickets for teams’ most loyal fans following a global backlash and some will get $60 seats for the final instead of being asked to pay $4,185. FIFA said Tuesday that $60 tickets will be made available for every game at the tournament in North America, going to the national federations whose teams are playing. Those federations decide how to distribute them to loyal fans who have attended previous games at home and on the road. The number of $60 tickets for each game is likely to be in the hundreds, rather than thousands, in what FIFA is now calling a “Supporter Entry Tier” price category. FIFA did not specify exactly wh…

Not even half of the spots in the 48-team field have been claimed. The schedule of matches won’t be finalized until December. And other than host nations U.S., Canada and Mexico, nobody has any idea where or when they’ll be playing. Millions of soccer fans worldwide evidently don’t seem to mind any of those points. Tickets to next year’s FIFA World Cup officially go on sale Wednesday. The buyers will be those who were selected, out of 4.5 million applicants in a lottery that took place last month, to have the first formal chance to purchase tickets over the next few days. FIFA said lottery winners have been, or will soon be, informed by email. There are unique…

Fifth Third on Monday agreed to buy regional lender Comerica in an all-stock deal valued at $10.9 billion, creating the ninth-largest U.S. lender with a robust presence in the Midwest. Regional lenders are looking to diversify revenue streams, strengthen balance sheets and expand into faster-growing markets as they recover from an industry-wide crisis in 2023 that shook investor confidence and exposed the risks of bank runs and troubles in commercial real estate. Analysts have said consolidation is crucial for smaller lenders to compete with the nation’s largest banks, with several banks looking to take advantage of a potentially lighter regulatory environment und…

Recently, Figma CEO Dylan Field assembled employees from throughout the company for a demo of a new-ish tool for generating, refining, and editing synthetic images and videos. Rather than being built around one-off prompts, it allowed users to create visual workflows for comparing and manipulating options created by different AI models. It also facilitated putting imagery through multiple rounds of polishing and remixing, adding a large dose of human taste and quality control to the process. According to Field, they were “mesmerized” by what they saw. “We had it scheduled for 20 minutes,” he remembers. “And 20 minutes came, and everyone’s like, ‘No, no, please keep go…

Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States, more than a year after a $20 billion deal to be acquired by Adobe was shelved due to regulatory roadblocks. Figma had been widely considered as a candidate to go public after antitrust regulators in Europe and Britain blocked Adobe’s deal in December 2023 in what would have been one of the biggest acquisitions of a software startup. Last year, Figma was valued at $12.5 billion after it closed a deal to allow its employees and early investors to sell their stake to new and existing investors. The U.S. IPO market, which made a strong comeback …

Over the past decade, Figma has transformed how people within companies collaborate to turn software ideas into polished products. Now the company is itself being transformed by AI. The technology is beginning to show its potential to take on much of the detail work that has required human attention in design, coding, and other domains. But the end game involves far more than typing chatbot-style prompts and waiting for the results. I spoke with Figma’s head of AI, David Kossnick—one of Fast Company’s AI 20 honorees for 2025—about what the company has accomplished so far and where he’s trying to steer it. “We’re still in chapter one, maybe the start of chapter two,” he t…

Figma burst into the public eye in 2022 after Adobe was blocked from buying the design startup for $20 billion. This chapter set the stage for an even bigger milestone at Figma: a splashy IPO this summer at nearly double that valuation. Cofounder and CEO Dylan Field shares what distinguishes Figma from competitors, and why design is increasingly at the center of every industry in today’s software-driven economy. This is an abridged transcript of an interview from Rapid Response, hosted by Robert Safian, former editor-in-chief of Fast Company. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today’s top business lead…

As recently as 2021, Figma was a one-product company. That product was Figma Design, the dominant tool for creating app and web interfaces. The company’s subsequent addition of offerings such as FigJam (whiteboarding) and Figma Slides (presentations) was hardly a frenzied land grab. But the announcements Figma made this week at its Config conference in San Francisco cover so much ground that my impulse was to interpret them as a massive, sprawling new attempt to take on . . . well, almost everybody. Figma Make turns prompts into AI-generated code? Shades of GitHub Copilot, Cursor, and numerous other AI programming tools. Figma Sites provides features for construct…

Healthcare professionals tend to have many pairs of scrubs, and those scrubs can get worn out, especially with frequent washing. Or maybe some scrubs just aren’t the right fit, style, or comfort level anymore. Instead of tossing those in the trash, scrubs company Figs is launching a new recycling program to give old scrubs a second life. It’s the latest take-back program in partnership with SuperCircle, a recycling management company that has worked with J. Crew, Reformation, Parachute, and other brands to help keep textiles out of landfills. Called “Scrubs That Don’t Suck,” the circularity initiative will collect old, used, worn out, or simply uncomfortable scru…

Many of America’s top figure skaters will gather in Washington, D.C., for a live “Legacy on Ice” tribute show to support families impacted by the January 29 plane crash that killed young skaters returning home from a training camp. Cohosted by Olympic champion Brian Boitano, the March 2 event at Capital One Arena will feature current U.S. champions Ilia Malinin, Amber Glenn, Alysa Liu, Madison Chock and Evan Bates, plus retired U.S. gold medallists Tara Lipinski, Kristi Yamaguchi, Scott Hamilton and Johnny Weir. “As we begin to heal from this devastating loss, we look forward to honouring the enduring memories of these athletes, coaches and family members who repr…

The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling added pressure. “It’s an incredibly daunting and stressful experience for many of them,” said Miklos Ringbauer, a certified public accountant based California. Planning ahead, doing your research and talking with experts can help first-time filers feel better about their taxes, Ringbauer said. The deadline to file your 2024 taxes is April 15. If you run out of time, you can file for an extension until Oct. 15. The extension is only to file your taxes, not to pay them. If you think you will owe taxes, you should pay an estimated amount before the …

Fast Company is extending its application deadline for Best Workplaces for Innovators 2025 to Friday, April 4, at 11:59 p.m. Pacific Time. This marks the seventh year Fast Company will be recognizing companies and organizations from around the world that most effectively empower employees at all levels to improve processes, create new products, or invent whole new ways of doing business. In addition to honoring the world’s 100 Best Workplaces for Innovators, we will recognize companies in more than a dozen different categories. What differentiates Best Workplaces for Innovators from existing best-places-to-work lists is that it goes beyond benefits, competitiv…

Shares opened mixed in Europe on Tuesday after slipping in Asia as some regional markets wrapped up trading for the year. Crude oil prices edged higher and gold and silver resumed their ascent. U.S. futures were flat. In Tokyo, Japanese Prime Minister Sanae Takaichi rang out the final session for 2025 in a traditional year-end ceremony. “By realizing a Japanese economy that earns the trust of investors around the world, we will create a virtuous cycle in which global capital flows into Japan,” Takaichi said. The benchmark Nikkei 225 shed 0.4% to 50,339.48, its first year-end close above 50,000. It ended 2025 up nearly 25%. With just two trading days left before the y…

The cutting edge of zipper technology involves zippers that work remotely. Japanese zipper maker YKK says it has developed a prototype for a self-propelled zipper that zips up with just the push of a button. These self-propelled zippers aren’t meant for your jeans or jackets, but rather for industrial uses, like tall tents that can’t be zipped up without using a ladder. That’s the mostly likely place you’ve seen YKK’s logo (it has 40% global market share). The company says the tech will save time and be safer than putting workers high up in the air to zip and unzip in hard-to-reach use cases. YKK conducted experiments with the zippers in February. It says th…

Maybe I should begin this article by arguing that nothing spices up a mundane meeting like a creative, beautiful, or hilarious background for your Zoom calls. But the reality is that most of us just need to hide messy offices, guestroom beds, or dirty-dish-filled kitchens. These three websites offer up almost half a million free Zoom backgrounds for your perusal, so forget tidying up and get that scrolling finger ready. Pexels: Something for everyone The undisputed king of free Zoom backgrounds, Pexels houses more than 450,000 photos and more than 50,000 videos in its Zoom section. With that many options, you have . . . well, options. Whether you’re loo…

If real Easter eggs aren’t your thing this weekend, you may find hunting for digital ones more enjoyable. And there are some cool ones to find at your fingertips, provided you have an iPhone or Mac. Apple has packed the iOS and macOS operating systems with several fun little references, many harking back to the legacy of the company or other companies in the tech industry. Microsoft’s Blue Screen of Death This one’s been around for a while, and it’s a fan favorite. The Finder on your Mac can show other computers connected to the same network. These computers are represented by icons. If the connected computers are other Macs, you’ll see icons that accurate…