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C-SuiteBill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’

‘I’m in a bit of a unique position where I can say exactly what I think,’ Ackman tells Fortune.

By Fortune EditorsAugust 5, 2026
Photo: the Strait of Hormuz.
Newsletters
A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today
By Jim EdwardsAugust 5, 2026
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
Newsletters
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
By Alyson ShontellAugust 5, 2026
Noa Khamallah smiles in a white polo with his hands in his pockets
Newsletters
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
By Lily Mae LazarusAugust 5, 2026
Latest
Scott Bessent is ‘sick of hearing about’ the K-shaped economy and declares it’s over—but the data would beg to disagree1 hour ago
Ask your employees one question about AI. The silence will tell you everything1 hour ago
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 2 hours ago
A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today3 hours ago
Donald Trump, in the middle of speaking, holds up his hand with his pointer finger extended.
Economy
Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China
By Sasha RogelbergAugust 5, 2026
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
Politics
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
By Sydney LakeAugust 5, 2026
gen z
Personal Finance
Gen Z’s anti-capitalist brand says one thing. Its spending data says something more interesting
By Nick LichtenbergAugust 5, 2026
Man laughing in a black hat
Big Tech
Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings
By Amanda GerutAugust 4, 2026
SpaceX president Gwynne Shotwell during the company's initial public offering (IPO) in New York, on June 12, 2026. (Photo: Michael Nagle/Bloomberg/Getty Images)
Newsletters
What happened in SpaceX’s first earnings report as a public company
By Andrew NuscaAugust 5, 2026
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
Magazine
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
By Beatrice NolanAugust 5, 2026
Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a little league team’
AI
Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a little league team’
By Tatiana SatauaAugust 4, 2026
Cars on a highway in the Bronx, N.Y.
Personal Finance
How Zohran Mamdani’s pied-à-terre tax exposed an epidemic of ‘ghost cars’ instead
By Catherina GioinoAugust 4, 2026
Newsletters
MarketsBy Jim Edwards
alt
A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today
CEO DailyBy Alyson Shontell
alt
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
Term SheetBy Lily Mae Lazarus
alt
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
Fortune TechBy Andrew Nusca
alt
What happened in SpaceX’s first earnings report as a public company
Eye on AIBy Emily Forlini
OpenAI president Greg Brockman: We ‘contort’ ourselves around computers, clicking and typing is a ‘phase’
MPW DailyBy Emma Hinchliffe
alt
Fidji Simo had to leave OpenAI. But she’s still building a business that could find cures to chronic diseases that affect women like her
AI
OpenAI logo is seen displayed on a smartphone with code in the background.
C-Suite
What OpenAI’s finance team is becoming in the age of AI
By Sheryl EstradaAugust 5, 2026
Ask your employees one question about AI. The silence will tell you everything
Commentary
Ask your employees one question about AI. The silence will tell you everything
By Will DroverAugust 5, 2026
st. louis
Commentary
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 
By Ron KitchensAugust 5, 2026
Europe’s tech sovereignty is facing its biggest test yet
Magazine
Europe’s tech sovereignty is facing its biggest test yet
By Sam ForsdickAugust 5, 2026
Term Sheet podcast
Video ThumbnailPlay32:18
How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 24, 2026
Video ThumbnailPlay52:39
The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 11, 2026
Video ThumbnailPlay39:45
Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
Video ThumbnailPlay35:05
This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
Video ThumbnailPlay36:25
From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
Video ThumbnailPlay32:23
How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
Video ThumbnailPlay29:01
The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
Video ThumbnailPlay39:10
Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
Success
Ask your employees one question about AI. The silence will tell you everything
Commentary
Ask your employees one question about AI. The silence will tell you everything
By Will DroverAugust 5, 2026
Noa Khamallah smiles in a white polo with his hands in his pockets
Newsletters
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
By Lily Mae LazarusAugust 5, 2026
gen z
Personal Finance
Gen Z’s anti-capitalist brand says one thing. Its spending data says something more interesting
By Nick LichtenbergAugust 5, 2026
Photo of Tony Xu
Success
DoorDash CEO Tony Xu once thought his $87 billion company would only make $100 million. He tells founders to be ‘greedy’ and dream bigger
By Emma BurleighAugust 4, 2026
From the Magazine
MagazineNo. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

As Amazon pours $200 billion into AI this year, Bezos says the company’s next act will define the next decade.

By Kristin StollerJuly 28, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
The American Dream according to Bill Ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Energy
Current price of oil as of Aug. 5, 2026
Personal Finance
Current price of oil as of August 5, 2026
By Joseph HostetlerAugust 5, 2026
The remains of the German tugboat wreckage marked as UJ-106 in the Danube River.
Environment
Danube River’s shrinking water levels expose dozens of World War II ships
By The Associated Press and Marko DrobnjakovicAugust 4, 2026
Photo of a trader and a screen showing stocks rallying
Investing
Global shares rally, oil rebounds as Iran war de-escalation, yen intervention worries ease
By The Associated Press and Yuri KageyamaAugust 4, 2026
Could a UN-backed plan to reopen Hormuz break the deadlock? 
Newsletters
Could a UN-backed plan to reopen Hormuz break the deadlock? 
By Melissa HancockAugust 4, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
OpenAI logo is seen displayed on a smartphone with code in the background.
C-Suite
What OpenAI’s finance team is becoming in the age of AI
By Sheryl EstradaAugust 5, 2026
Ask your employees one question about AI. The silence will tell you everything
Commentary
Ask your employees one question about AI. The silence will tell you everything
By Will DroverAugust 5, 2026
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
Newsletters
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
By Alyson ShontellAugust 5, 2026
Noa Khamallah smiles in a white polo with his hands in his pockets
Newsletters
Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
By Lily Mae LazarusAugust 5, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Inside Ikea’s big bet on humans in the age of AI
Magazine
Inside Ikea’s big bet on humans in the age of AI
By Claire ZillmanJuly 30, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
Magazine
No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
By Kristin StollerJuly 28, 2026
Real Estate
st. louis
Commentary
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 
By Ron KitchensAugust 5, 2026
Today’s home equity loan and HELOC rates, Aug. 5, 2026
Personal Finance
Today’s home equity loan and HELOC rates, August 5, 2026
By Joseph HostetlerAugust 5, 2026
Current refi mortgage rates report for Aug. 5, 2026
Personal Finance
Current refi mortgage rates report for Aug. 5, 2026
By Glen Luke FlanaganAugust 5, 2026
Current ARM mortgage rates report for Aug. 5, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 5, 2026
By Glen Luke FlanaganAugust 5, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
disruptionBy Will Drover
Ask your employees one question about AI. The silence will tell you everything
Data centersBy Ron Kitchens
$25 billion in data centers shows St. Louis is serious about competing in the AI economy 
Open SourceBy Grace Shao and Alvin Wang Graylin
Has the AI race shifted from U.S. vs China to open vs closed?
U.S. Department of the TreasuryBy Steve H. Hanke and Roger Koppl
alt
Bessent’s Yen gamble is a warning sign — buckle up
MediaBy Paul Hardart
Why Paramount might win its case and still run out of time to acquire Warner Bros. Discovery
AI agentsBy Keith Ferrazzi and Wendy Smith
Your AI agent can be a teammate. But it still needs a boss
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