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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026

1

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026
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Justin Ma, cofounder of Vest, smiling.
Exclusive: Portal Ventures-backed Vest raises $13 million to build a proprietary trading firm that shares traders’ profits

Senior executives at Citadel Securities, BlackRock, and KKR also contributed to the round.

By Camila Grigera NaónOctober 7, 2026
Current price of Ethereum for Oct. 7, 2026
Current price of Ethereum for October 7, 2026
By Joseph HostetlerOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 2026
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
By Emily ForliniOctober 6, 2026
Pete Hegseth, US secretary of defense, during an address at Marine Corps Base Quantico in Quantico, Virginia, on Sept. 30, 2026. (Photo: Stefani Reynolds/Bloomberg/Getty Images)
What militaries could do with AI ‘keeps me up at night,’ OpenAI exec says
By Andrew NuscaOctober 7, 2026
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?
By Angelica AngOctober 7, 2026
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Big Tech
More in Big Tech
Elon Musk
Elon Musk is a trillionaire again—and he’d still be the richest person on the planet even if he gave everyone $90

Musk could buy everyone on the planet a pair of Apple AirPods, a three-course dinner, or a nice pair of Levi’s jeans, and he’d still be the world’s richest with $298 billion.

By Emma BurleighOctober 6, 2026
Brands are fleeing TV for social. The agency that landed more than 50B views for brands like Perplexity and Universal Music sold for at least $100M

Exclusive: Get Engaged becomes a part of SAMY, a global social-first marketing company.

By Sydney LakeOctober 6, 2026
The Future 120—How vital firms stay forever young

For the ranking, we analyzed more than 10 million data points and zeroed in on the 15 most predictive metrics, each robust and correlated with future revenue growth, to produce BCG’s Vitality Score.

By Ketil Gjerstad, Johann Harnoss, Viacheslav Romanov and Sophie ThorupOctober 6, 2026
A $443 million memecoin frenzy dissolves into nothing—Robinhood and Circle are latest to taste the memecoin boom-and-bust cycle

Robinhood Chain saw a brief surge in memecoin trading before volumes dropped 96%.

By Camila Grigera NaónOctober 6, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Why Sam Altman takes his hardest questions to Nikesh Arora
Why Sam Altman takes his hardest questions to Nikesh Arora

The Palo Alto Networks CEO doesn’t do sugarcoating. And it’s made him a go-to advisor.

By Allie GarfinkleOctober 6, 2026
Why Oura really pulled its IPO: Wall Street experts suspect valuation concerns, an insider cash-out, and an Apple-size threat

Oura blamed market “uncertainty,” but maybe investors just didn’t buy the story.

By Morgan ChittumOctober 6, 2026
OpenAI’s safety firings raise awkward questions

The firings show that, for now, AI labs alone decide what the public learns about their safety incidents.

By Beatrice NolanOctober 5, 2026
Nvidia backs startup Reactor as buzz grows for world models  

As world models find new uses in robot training and control, Reactor aims to supply the computing power and software needed to run them.

By Wen ShaoOctober 5, 2026
More in Startups & Venture
AI
More in AI
ads
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them

Don’t expect a disclaimer on that AI slop political ad you see this year.

By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
Finding value from AI in big companies comes down to people, not technology

Big companies need to overcome ‘learned helplessness’ and risk aversion to find ROI from AI, futurist Amy Webb says

By Jeremy KahnOctober 6, 2026
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine

Underneath the ads, TikTok campaigns, and virtual try-ons lies an increasingly complex infrastructure of data, technology, and AI. To succeed today, marketers need to understand the “pipes and plumbing,” says L’Oréal’s Asmita Dubey.

By Kirsty McGregor and Francesca CassidyOctober 6, 2026
‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years

Princeton’s Arvind Narayanan asked the Computation + Journalism conference to prepare for AI “not as it is today, but as it will be” in five to 10 years.

By Nick LichtenbergOctober 6, 2026
More in AI
Innovation
More in Innovation
Eva Olsson, Ellen Moons, and Mark Pearce sit in front of a screen displaying Francis Halzen as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 6, 2026. Belgian physicist Francis Halzen won the Nobel Prize in Physics for work on subatomic particles at the South Pole, the Nobel jury said.
Trillions of ‘ghost particles’ pass through your body every second. The scientist who hunts them just won the Nobel Prize

Francis Halzen turned Antarctic ice into a giant detector for elusive neutrinos, with sensors buried 8,200 feet below the surface.

By Kostya Manenkov, Adithi Ramakrishnan and Stefanie DazioOctober 6, 2026
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’

Former insiders warned the New York City Council about losing control of AI, while OpenAI, Anthropic, Meta, and Google couldn’t say how big the risk is.

By Catherina GioinoOctober 5, 2026
Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China?

The New York–based company already has deals with U.S. government agencies and billion-dollar compute agreements.

By Emily ForliniOctober 5, 2026
Sam Altman says the world should accept some ‘bad things’ happening with AI as the industry signs on to Trump’s voluntary safety pact

But Altman said “catastrophic risks” are unacceptable.

By Marco Quiroz-GutierrezOctober 5, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
sr
I wrote The Future of Truth and then found to my alarm it contained AI-hallucinated quotes. I’ve chosen to fight back

My book went through five editorial rounds and more than 4,000 tracked changes, but I later discovered it had 26 quotes that didn’t hold up under scrutiny.

By Steven RosenbaumOctober 6, 2026
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

Clayton Iley pitched a fake Defense Department loan program and used victims’ identities to fund 90-plus collector vehicles, prosecutors say.

By Catherina GioinoOctober 5, 2026
The AI industry ‘hates crypto people’—but they may need them all the same

Whatever you think of crypto people, blockchain technology may offer real solutions to the problem of rogue AI agents.

By Jeff John RobertsOctober 5, 2026
Norway floats temporary but total ban on AI glasses as it investigates ‘socially beneficial uses’

Officials want a temporary ban as smart glasses make it easier to photograph, film and record people without their knowledge.

By Jamey Keaten and The Associated PressOctober 5, 2026
More in Cybersecurity
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jasper
Commentary
I’ve spent a decade teaching AI to write. Here’s why your slop posts are ruining your LinkedIn
By Jasper PyeOctober 6, 2026
  • Meta is building one of the world’s biggest undersea cable networks. It’s just one piece of a growing seafloor empire spanning 6 continents
    Big Tech
    Meta is building one of the world’s biggest undersea cable networks. It’s just one piece of a growing seafloor empire spanning 6 continents
    By James LaForgeOctober 3, 2026
Reflection AI CEO Misha Laskin in San Jose, California on March 18, 2026. (Photo: David Paul Morris/Bloomberg/Getty Images)
Newsletters
The U.S. has a new horse in the race to build the best open-source AI model
By Andrew NuscaOctober 6, 2026
Inside Europe’s biggest companies—and the forces reshaping them
Magazine
Inside Europe’s biggest companies—and the forces reshaping them
By Sam ForsdickOctober 6, 2026
Exclusive: OpenAI is piloting a ‘mission interview’ for job candidates
AI
Exclusive: OpenAI is piloting a ‘mission interview’ for job candidates
By Emily ForliniOctober 5, 2026
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
Big Tech
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
By Mia OsmonbekovOctober 5, 2026
OKX logo with trading chart in the background
Crypto
NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading
By Camila Grigera NaónOctober 5, 2026
  • Tony Elumelu: Africa’s young entrepreneurs have great ideas. What they need is capital and business support
    Commentary
    Tony Elumelu: Africa’s young entrepreneurs have great ideas. What they need is capital and business support
    By Tony O. ElumeluOctober 3, 2026
Concerned young woman holding credit card while using laptop
Success
Despite being decades away from retirement, Gen Z is the most worried that AI will derail their financial future—51% fear it will cut their nest egg
By Preston ForeOctober 5, 2026
Young woman in job interview
Success
Despite fears AI will kill jobs, 72% of bosses say they’ll actually pay more for AI skills—with some roles offering a $100,000 premium
By Emma BurleighOctober 5, 2026
josh
Commentary
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
By Josh ParkerOctober 5, 2026
Ewout Steenbergen, EVP and CFO of Booking Holdings, speaks during the Fortune AIQ Summit on Oct. 1, 2026 at the New York Stock Exchange.
Travel & Leisure
Booking Holdings spends nearly $9 billion a year to reach travelers. Its CFO explains how AI is changing trip planning
By Sheryl EstradaOctober 5, 2026
The 2Africa submarine cable arrives in Barcelona, Spain on October 25, 2022. (Photo: David Oller/Europa Press/Getty Images)
Newsletters
A billion-dollar Meta project that isn’t a data center
By Andrew NuscaOctober 5, 2026
  • McKinsey: AI will create more jobs than it kills — after destroying 11 million
    AI
    McKinsey: AI will create more jobs than it kills — after destroying 11 million
    By Catherina GioinoOctober 3, 2026
A Geekom Mini PC sitting on a white table against a red background.
AI
While OpenAI and Anthropic battle over data privacy, more companies look to open models and ‘sovereign AI’
By Emily ForliniOctober 5, 2026
Woman at home looking at her laptop screen
Future of Work
Wharton researchers studied 760 employees—and found an inconvenient truth about remote work
By Bilin LinOctober 5, 2026
Photo of Adam Neumann
Startups & Venture
Adam Neumann says a half-hour car ride with Masayoshi Son is when his ego took over—and WeWork’s $47 billion collapse began
By Muskaan ArshadOctober 5, 2026
Can superintelligence ever be controlled? Sam Altman on AI safety, doomsday scenarios, and OpenAI’s delayed IPO
Magazine
Can superintelligence ever be controlled? Sam Altman on AI safety, doomsday scenarios, and OpenAI’s delayed IPO
By Alyson ShontellOctober 5, 2026
Can Europe’s industrial legacy give it an AI advantage?
Magazine
Can Europe’s industrial legacy give it an AI advantage?
By Sam ForsdickOctober 5, 2026
Trump names national intelligence director Jay Clayton to lead new ‘Super Intelligence Force’ on AI
AI
Trump names national intelligence director Jay Clayton to lead new ‘Super Intelligence Force’ on AI
By The Associated PressOctober 4, 2026
Photo of Daniela Amodei
Success
Anthropic’s Daniela Amodei says entrepreneurs should go on vacation to road test potential cofounders—if they’re a drain, they’re ‘the wrong choice’
By Emma BurleighOctober 4, 2026
Nvidia CEO Jensen Huang attends a meeting on artificial intelligence in the East Room of the White House.
AI
Nvidia CEO Jensen Huang has emerged as the biggest foil to AI doomerism about the existential risk to humanity
By Joshua HongOctober 4, 2026
gs
Commentary
Gary Shapiro: why trade shows matter and how to get them right
By Gary ShapiroOctober 4, 2026
A woman in a yellow jacket in front of a "NO DATA CENTERS" sign, speaks with another woman with her hands on her hips.
Big Tech
Meet the ‘mini Erin Brockoviches’ fighting off eminent domain—and the shadow of Amazon—as a data center hands out $10,000 to their neighbors
By Sasha RogelbergOctober 4, 2026
Former L’Oréal execs set out to build a $1.2 billion beauty empire. Now all that’s left is Milk Makeup, and its sales just fell 57%
Arts & Entertainment
Former L’Oréal execs set out to build a $1.2 billion beauty empire. Now all that’s left is Milk Makeup, and its sales just fell 57%
By Bilin LinOctober 4, 2026
Superhuman cofounder Rahul Vohra
Success
This founder made millions when LinkedIn bought his start-up—but the stress landed him in the hospital. Now he’s built another $825 million brand
By Emma BurleighOctober 4, 2026
fdr
Commentary
FDR’s lesson for AI regulation
By William R. GruverOctober 4, 2026
Tara’s Tarot, a practitioner on Divina, gives a tarot reading to an attendee at a Divina event.
Success
Gen Z can’t control the future, so they’re paying witches and tarot readers to make it feel more manageable
By Tatiana SatauaOctober 4, 2026
sb
Law
Private capital is transforming sports, challenging the press box to upskill into financial forensics
By Alex Volonte and The ConversationOctober 3, 2026
Customs and Border Protection tapped 80,000 Flock cameras last year — police weren’t kept in the loop
Cybersecurity
Customs and Border Protection tapped 80,000 Flock cameras last year — police weren’t kept in the loop
By Henry F. Fradella and The ConversationOctober 3, 2026
s
AI
The GPT Oracle: 1 in 10 Americans are reviving the pagan practice of prophecy
By Webb Keane, Ambuj Tewari and The ConversationOctober 3, 2026
Steve Wozniak
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeOctober 3, 2026
Gen Alpha won’t write emails when they join the workforce in 2030—research reveals they’ll sent voice notes to their boss instead
Success
Gen Alpha won’t write emails when they join the workforce in 2030—research reveals they’ll sent voice notes to their boss instead
By Orianna Rosa RoyleOctober 3, 2026
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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victimsplaceholder alt text
By Catherina GioinoOctober 5, 2026
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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
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Current price of oil as of October 6, 2026placeholder alt text
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