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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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Female Founders Fund is changing its strategy to get a bigger stake in the AI boom
Female Founders Fund is changing its strategy to get a bigger stake in the AI boom

The early-stage VC firm is loosening its ownership targets to “get access to category-defining female founders” in AI.

By Emma HinchliffeOctober 7, 2026
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
By John KellOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 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
Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks
By Jim EdwardsOctober 7, 2026
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Victoria’s Secret’s CEO is so confident in her strategy to bring back sexy that the company just changed its stock ticker to ‘VSXY’
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Victoria’s Secret’s CEO is so confident in her strategy to bring back sexy that the company just changed its stock ticker to ‘VSXY’
By Emma HinchliffeMay 21, 2026
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    Companies want battle-tested CFOs. There aren’t enough of them
    By Sheryl EstradaMay 14, 2026
Intuit CFO on why the company is simplifying its structure
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Intuit CFO on why the company is simplifying its structure
By Sheryl EstradaMay 21, 2026
Elon Musk sits with his fists together, looking up.
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SpaceX’s IPO filing is full of surprises
By Allie GarfinkleMay 21, 2026
SpaceX CEO Elon Musk unveiling the company's new manned spacecraft in Hawthorne, Calif. on May 29, 2014. (Photo: Kevork Djansezian/Getty Images)
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Rollout complete: SpaceX files IPO prospectus
By Andrew NuscaMay 21, 2026
The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars
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The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars
By Diane BradyMay 21, 2026
Dr. Bernice A. King
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What the DEI rollback says about corporate values, according to Dr. Bernice King
By Emma HinchliffeMay 20, 2026
  • Cisco CEO Chuck Robbins, interviewed by Fortune’s Andrew Nusca, at Fortune Brainstorm Tech 2016 in Aspen, Colo. (Photo: Stuart Isett/Fortune)
    Newsletters
    Cisco shares soar almost 20% as AI infrastructure orders jump
    By Andrew NuscaMay 14, 2026
How 8,000 robots are changing work inside logistics giant DHL Supply Chain
Newsletters
How 8,000 robots are changing work inside logistics giant DHL Supply Chain
By John KellMay 20, 2026
Indeed chief economist says execs are ‘overestimating the speed’ of AI transformation in the labor market
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Indeed chief economist says execs are ‘overestimating the speed’ of AI transformation in the labor market
By Sheryl EstradaMay 20, 2026
CEOs are handing out AI tokens like paychecks—and figuring out how to justify the spend
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CEOs are handing out AI tokens like paychecks—and figuring out how to justify the spend
By Diane BradyMay 20, 2026
Alphabet CEO Sundar Pichai in Mountain View, California on May 19, 2026. (Photo: David Paul Morris/Bloomberg/Getty Images)
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At Google I/O 2026, it’s AI, AI, and more AI
By Andrew NuscaMay 20, 2026
U.S. President Donald Trump speaking at a podium flanked by signs that say "Winning the AI Race."
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The times they are a-changin’: Washington suddenly warms to regulating AI
By Jeremy KahnMay 19, 2026
  • Boeing could be the biggest winner on Trump’s trip to China
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    Boeing could be the biggest winner on Trump’s trip to China
    By Diane BradyMay 14, 2026
How Coach earned 800,000 new Gen Z customers and became responsible for 89% of sales at Tapestry
Newsletters
How Coach earned 800,000 new Gen Z customers and became responsible for 89% of sales at Tapestry
By Emma HinchliffeMay 19, 2026
Professional businesswoman working at a desk while interacting with an AI assistant on a tablet screen. The scene shows a modern office environment with notebook, laptop, and digital tools, representing productivity, smart technology, and digital transformation in business. Ideal for concepts related to artificial intelligence, remote work, automation, business innovation, and modern office lifestyle.
Newsletters
CFOs could cut agentic AI costs up to 60% by fixing this overlooked data problem
By Sheryl EstradaMay 19, 2026
OpenAI CEO Sam Altman in Oakland, California, on May 12, 2026. (Photo: Josh Edelson/AFP/Getty Images)
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Musk v. Altman: That’s all, folks
By Andrew NuscaMay 19, 2026
ESG may be fading—but moral leadership isn’t
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ESG may be fading—but moral leadership isn’t
By Diane BradyMay 19, 2026
Women’s representation on boards of directors falls below 30%—but there’s one bright spot
Newsletters
Women’s representation on boards of directors falls below 30%—but there’s one bright spot
By Emma HinchliffeMay 18, 2026
US President Donald Trump speaks before signing an executive order in the Oval Office at the White House in Washington, DC, as Commerce Secretary Howard Lutnick looks on.
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Trump’s new corporate playbook: Why the administration is taking equity stakes in companies like Intel
By Sheryl EstradaMay 18, 2026
A panel on Gen Z workers sit alongside Fortune's Kristin Stoller at the Fortune Workplace Innovation Summit.
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AI in the workplace is stumbling. Fortune’s Workplace Innovation Summit will dive in to why
By Kristin StollerMay 18, 2026
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
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Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
By Jeff John RobertsMay 18, 2026
Trump’s leadership model has a succession problem
C-Suite
Trump’s leadership model has a succession problem
By Ruth UmohMay 18, 2026
Inside Trump’s vision of America as a shareholder in U.S. companies: ‘I should have asked for more’
Newsletters
Inside Trump’s vision of America as a shareholder in U.S. companies: ‘I should have asked for more’
By Diane BradyMay 18, 2026
SpaceX COO Gwynne Shotwell in Barcelona, Spain on March 2, 2026. (Photo: Angel Garcia/Bloomberg/Getty Images)
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What to expect from a SpaceX IPO
By Andrew NuscaMay 18, 2026
Fortune Archives: The man who wrote today’s business language
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Fortune Archives: The man who wrote today’s business language
By Geoff ColvinMay 17, 2026
Jenn Hyman reflects on the highs and lows of running Rent the Runway for almost two decades
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Jenn Hyman reflects on the highs and lows of running Rent the Runway for almost two decades
By Emma HinchliffeMay 15, 2026
Andrew Feldman, co-founder of Cerebras
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Cerebras soars almost 70% by market close in a true blockbuster IPO
By Allie GarfinkleMay 15, 2026
OpenAI CEO Sam Altman (left) and Apple CEO Tim Cook in Washington, D.C., on Sept. 4, 2025. (Photo: Will Oliver/EPA/Bloomberg/Getty Images)
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OpenAI may take legal action against Apple over Siri’s ChatGPT integration
By Andrew NuscaMay 15, 2026
Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
North America
Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
By Jim EdwardsMay 15, 2026
State Farm CEO is betting big on AI—and contemplating the company’s future in California
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State Farm CEO is betting big on AI—and contemplating the company’s future in California
By Diane BradyMay 15, 2026
The AI boom sidelined sustainability. Two researchers want to change that
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The AI boom sidelined sustainability. Two researchers want to change that
By Sharon GoldmanMay 14, 2026
‘Be delusional enough to call yourself something the world hasn’t called you yet’: What powerful women told the class of 2026
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‘Be delusional enough to call yourself something the world hasn’t called you yet’: What powerful women told the class of 2026
By Sydney LakeMay 14, 2026
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