Good morning. On Fortune’s radar today:

  • Exclusive: The inside story of how Demis Hassabis lost the CEO role at DeepMind.
  • OpenAI’s revenues are plateauing.
  • Profits are not showing up at AI labs.
  • Iran and the U.S. wait each other out over the Strait of Hormuz.
  • U.S. unemployment would be 5% if people weren’t giving up on work.
  • The Fed’s Warsh won a round vs. his critics.
  • President Trump’s love of grass.

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This story was originally featured on Fortune.com

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