What CEOs learned about AI, work, and legacy from their own Gen Z kids

Although this was a global group, it was not meant to be representative of a generation. Many of these young adults, much like my own, have grown up with opportunities and exposure to their parents’ industries that others don’t have. But they also have the shared experience of growing up in an era of AI, climate change, social media, geopolitical instability and opportunities our parents could never imagine.

The conversation was under the Chatham House rule, so I’ll share some takeaways but not specific names or companies. There was a diversity of perspectives at the table, with some expressing deep concern about AI while others saw it as a tool. Their career choices ranged from working in a startup to managing workers on a construction site; from being the third generation to work in an industry to choosing a very different realm. We talked about legacy and values, the impact of rapid change and corrosive politics. The lessons were personal: respect for other people, giving back, humor, grit, humility. 

Here are some takeaways from Hansen, who oversees a $1.6 billion-a-year global education technology company that provides content, platforms and services for learning from K-12 to higher education and workforce training. “I was struck by the level‑headedness and thoughtfulness of the younger generation when it comes to topics like is AI going to change the world. They were less panicked and more thoughtful than the older generation,” said Hansen, who brought his two sons. “I do think that the conversation between the older generations and the CEOs became, in a way, more human and more real and less sort of this typical management jargon and lingo,” he said. 

I agree and look forward to having more of these dialogues, intergenerational or otherwise, through the Fortune CEO Initiative. These co-hosted dinners are just part of the editorial offerings in this fast-growing network. I love partnering on creative ideas. This month, we welcome new CEOI members: Steve Lucas of Boomi, Ecolab’s Christophe Beck, Skyscanner’s Bryan Batista, Mihir Shukla of Automation Anywhere, Rob Fauber of Moody’s, Weber Shandwick’s Karen Pugliese, Sunrun’s Mary Powell, Bob Segert of athenahealth, Bianca Anghelina of Aily Labs, Gaurav Lohiya of Walker Architects, and Nicholas Hamilton-Archer of the Ross School of Business. Thank you to the leaders of NYSE, Edward Jones, HPE, PMI, Laurel Strategies and more for renewing their membership in what’s going to be an exciting year. Reach out if you’re interested to find out more.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

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Nasdaq nears a correction

A memory-chip panic sent South Korea’s KOSPI down nearly 11% on Tuesday, and the U.S. semiconductor index slid for a fourth straight session, pulling the Nasdaq-100 to within a hair of a correction. “There’s a lot of panic around the AI investment,” DA Davidson analyst Gil Luria told Fortune, “and the panic appears to be indiscriminate.”

The markets

S&P 500 futures are up 0.20% this morning. The last session closed up 0.21%. The STOXX Europe 600 was down 0.25% in early trading. The U.K.’s FTSE 100 was up 0.03% in early trading. Japan’s Nikkei 225 was down 1.49%. South Korea’s KOSPI was down 5.98%. China’s CSI 300 was up 0.67%. Hong Kong’s Hang Seng was up 1.96%. India’s NIFTY 50 was up 1.17%. Bitcoin was at $64K.

Around the watercooler

Helen Toner: the Hugging Face hack was just a matter of time and exposes a huge blind spot in AI policy by Helen Toner

TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom by Angelica Ang

The Erling Haaland boom: Norway’s ‘pop-up economy’ during the World Cup revealed in Visa data by Catherina Gioino

Bernard Arnault is denying a family rift—and any kind of real-life Succession. LVMH earnings tell a stranger story by Mia Osmonbekov

CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.