![The AI Hangover- For thirty-five years, Fortune has been tracking the world's largest companies in our Global 500 ranking. The AI Hangover- For thirty-five years, Fortune has been tracking the world's largest companies in our Global 500 ranking.](https://cdn.magzter.com/1452683312/1722600034/articles/gbl-ZQXA41724240605083/Sequoia-Nvidia-AI-Artificial-Intelligence-Open-AI-ChatGPT-worlds-largest-companies-global-business-Energy-prices-tech-companiestech-giants-Microsoft-Apple-Millennials-new-technologies-Sequoia-Capital-Roelof-Botha-Tech-conference.jpg)
For thirty-five years, Fortune has been tracking the world's largest companies in our Global 500 ranking. It's a strong barometer of global business, and last year a couple of trends collided to shake it up: Energy prices cooled, knocking down revenue for companies such as Saudi Aramco and Exxon Mobil; and AI got red-hot, fueling a boom for tech giants like Nvidia and Microsoft.
Which companies being built today will grow to be the world's biggest? It's the job of a venture capitalist to figure that out.
No VC firm has picked winners better than Sequoia Capital. In 1978 it gave Steve Jobs $150,000 to create Apple-now worth $3.6 trillion. Sequoia was also first to back Nvidia in 1993. It cut early checks for Google, Cisco, YouTube, and Airbnb.
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Denne historien er fra August - September 2024-utgaven av Fortune US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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![The Blackstone Edge The Blackstone Edge](https://reseuro.magzter.com/100x125/articles/12425/1976972/b6jaaMITn1738571004754/THE-BLACKSTONE-EDGE.jpg)
The Blackstone Edge
90 DAYS. DOZENS OF INTERVIEWS. BILLIONS ON THE LINE. HOW BLACKSTONE'S CEO-MAKER GETS THE JOB DONE.
![When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same. When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same.](https://reseuro.magzter.com/100x125/articles/12425/1976972/5Uk1faMc31738567446428/WHEN-ELON-MUSK-HAS-A-REALLY-TOUGH-JOB-HE-TURNS-TO-STEVE-DAVIS-DOGE-MIGHT-DO-THE-SAME.jpg)
When Elon Musk has a really tough job, he turns to Steve Davis. DOGE might do the same.
IT WAS THE FALL OF 2022 when employees at Elon Musk's Boring Company began to notice Steve Davis wasn't around.
![ASK ANDY - SHOULD MY STARTUP RAISE MONEY FROM VCS? IF SO, WHICH ONES DO I CHOOSE? ASK ANDY - SHOULD MY STARTUP RAISE MONEY FROM VCS? IF SO, WHICH ONES DO I CHOOSE?](https://reseuro.magzter.com/100x125/articles/12425/1976972/v1yeYd1Wg1738566694920/ASK-ANDY-SHOULD-MY-STARTUP-RAISE-MONEY-FROM-VCS-IF-SO-WHICH-ONES-DO-I-CHOOSE.jpg)
ASK ANDY - SHOULD MY STARTUP RAISE MONEY FROM VCS? IF SO, WHICH ONES DO I CHOOSE?
A FRIEND—I’ll call him Allen—spent years bootstrapping his real estate enterprise software company. After a long struggle to get to $1 million in sales, his business recently surged to $10 million, and revenue is now growing 100% year on year.
![ELLIOTT HILL - JUST DOING IT ELLIOTT HILL - JUST DOING IT](https://reseuro.magzter.com/100x125/articles/12425/1976972/dx6RYGqkQ1738569275882/ELLIOTT-HILL-JUST-DOING-IT.jpg)
ELLIOTT HILL - JUST DOING IT
Staffers and brand loyalists cheered when Nike's new CEO came out of retirement to lead the company he has had an “irrational love” for since he began there as an intern. Turning it around will take more than good vibes.
![HOW TO PLAN YOUR NEXT $100,000 VACATION HOW TO PLAN YOUR NEXT $100,000 VACATION](https://reseuro.magzter.com/100x125/articles/12425/1976972/ua58YqfkE1738566954391/HOW-TO-PLAN-YOUR-NEXT-100000-VACATION.jpg)
HOW TO PLAN YOUR NEXT $100,000 VACATION
ON AN EXCURSION to the ancient city of Petra, Jordan, clients helicoptered in after-hours so they could tour the ruins alone.
![THE BATTLE OVER AG1 THE BATTLE OVER AG1](https://reseuro.magzter.com/100x125/articles/12425/1976972/z2ruduh3Z1738570142908/THE-BATTLE-OVER-AG1.jpg)
THE BATTLE OVER AG1
Influencers are fighting over it. Scientists scoff at it. But the $100-a-month powder once known as Athletic Greens is only getting more popular.
![THE WORKPLACE - GEN ZERS WANT TO BE THEIR OWN BOSS.CAN THE CORPORATE WORLD WOO THEM BACK? THE WORKPLACE - GEN ZERS WANT TO BE THEIR OWN BOSS.CAN THE CORPORATE WORLD WOO THEM BACK?](https://reseuro.magzter.com/100x125/articles/12425/1976972/_gd3ABUfc1738565742220/THE-WORKPLACE-GEN-ZERS-WANT-TO-BE-THEIR-OWN-BOSSCAN-THE-CORPORATE-WORLD-WOO-THEM-BACK.jpg)
THE WORKPLACE - GEN ZERS WANT TO BE THEIR OWN BOSS.CAN THE CORPORATE WORLD WOO THEM BACK?
CHASE GALLAGHER WAS 12 years old when he started mowing his neighbors' lawns in Chester County, Pa., for $35 a pop in the summer of 2013. At first the Gen Zer had only two customers, but thanks to some aggressive leafleting, he had 10 clients by the following year.
![How much can DOGE do? How much can DOGE do?](https://reseuro.magzter.com/100x125/articles/12425/1976972/YfNPCl8S71738567259193/HOW-MUCH-CAN-DOGE-DO.jpg)
How much can DOGE do?
Elon Musk and Donald Trump aim to cut as much as $2 trillion in federal spending. It'll be even harder than it sounds.
![YOUNG PEOPLE ARE DRINKING LESS ALCOHOL. CAN CEO MICHEL DOUKERIS PERSUADE THEM TO KEEP DRINKING AB INBEV'S BEERS? YOUNG PEOPLE ARE DRINKING LESS ALCOHOL. CAN CEO MICHEL DOUKERIS PERSUADE THEM TO KEEP DRINKING AB INBEV'S BEERS?](https://reseuro.magzter.com/100x125/articles/12425/1976972/vCDctTv661738566109319/YOUNG-PEOPLE-ARE-DRINKING-LESS-ALCOHOL-CAN-CEO-MICHEL-DOUKERIS-PERSUADE-THEM-TO-KEEP-DRINKING-AB-INBEVS-BEERS.jpg)
YOUNG PEOPLE ARE DRINKING LESS ALCOHOL. CAN CEO MICHEL DOUKERIS PERSUADE THEM TO KEEP DRINKING AB INBEV'S BEERS?
SOME TIME AGO, top CEOs at an invitation-only seminar at Harvard Business School were asked to imagine the four crises they would likely confront during their tenure at the top: a health emergency, a geopolitical conflict, an economic downturn, and a trade war.
![America's drug middlemen are now a $557 billion industry. Can Trump and his allies 'knock out' PBMs? America's drug middlemen are now a $557 billion industry. Can Trump and his allies 'knock out' PBMs?](https://reseuro.magzter.com/100x125/articles/12425/1976972/CpfEVbZVO1738567567904/AMERICAS-DRUG-MIDDLEMEN-ARE-NOW-A-557-BILLION-INDUSTRY-CAN-TRUMP-AND-HIS-ALLIES-KNOCK-OUT-PBMS.jpg)
America's drug middlemen are now a $557 billion industry. Can Trump and his allies 'knock out' PBMs?
IN LATE DECEMBER, President-elect Donald Trump put pharmacy benefit managers, or PBMs, on notice.