Just 60 of the Fortune 500 of 1955 remain in the hallowed group. The rest (like American Motors, above, subsumed by Chrysler in 1987) have been largely the victims of changing times, tough competition or their own missteps.
What's happening: Tom Siebel, founder of C3.ai, an artificial intelligence firm that serves big corporations and the Army, says that this is an existential moment for current Fortune 500 companies that don't move quickly to adapt to the new age of AI and robotics.
The Trump administration is planning another meeting with tech leaders Monday, this time bringing together the heads of some of the country's biggest chipmakers to meet with White House economic adviser Larry Kudlow.
What's happening: A source tells Axios that the companies were told the meeting's agenda was simply "economic issues." However, given the invite list, the discussion is expected to focus on tariffs and China broadly, and the topic of Huawei and the administration's ban on its products is expected to be at the top of the list.
Netflix's ambition is to replace television — to be the thing you turn on out of force of habit as you sink into your couch, whether or not you really have any idea what you want to watch. With a large enough library, and detailed enough data about your viewing preferences, Netflix should always be able to find something to entertain you.
Driving the news: The company disappointed the market with its second-quarter earnings report this week. International subscribers grew more slowly than anticipated, while the number of U.S. subscribers actually fell.
The big picture: After decades in which media consumption was dominated by domestic TV, we're entering a much more fragmented and international world. Services like Netflix and TikTok (the mobile video clip app that aspires to be the next Netflix) are global in scope and ambition. That sets them apart from forthcoming rival subscription services being planned by Disney, Comcast and AT&T.
