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Startups & Venture

The ‘PayPal Mafia’ built a $1.5 billion fintech pioneer. The company they left behind is on life support

The ‘PayPal Mafia’ built a $1.5 billion fintech pioneer. The company they left behind is on life support

Fortune coined the term “PayPal Mafia” in 2007. Two decades later, the mafia is thriving, but PayPal isn’t.

By Eva RoytburgMay 6, 2026

Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while ‘hanging out with all the interns’—she quit and raised millions after

Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while ‘hanging out with all the interns’—she quit and raised millions after

By Orianna Rosa RoyleMay 6, 2026

goldman

‘FOMO has proven a stronger incentive than poor stock performance’: Goldman Sachs just issued a brutal verdict on the AI boom

By Nick LichtenbergMay 6, 2026

Americans are busy getting angry and throwing a fit about AI while the Chinese use it to book travel, order food and hail rides

By Chan Ho-Him and The Associated PressMay 6, 2026

How Wyndham scales AI to improve hospitality at 8,400 hotels

By John KellMay 6, 2026

donald trump

AI could solve America’s $39 trillion debt crisis—but only if Washington abandons displaced workers, Yale report warns

By Jake AngeloMay 6, 2026

More in Big Tech

The CEO behind Grand Theft Auto VI doesn’t play video games, but is staking $1.5 billion on the biggest game launch of the decade

The CEO behind Grand Theft Auto VI doesn’t play video games, but is staking $1.5 billion on the biggest game launch of the decade

“I don’t think being consumer-in-chief really helps a CEO be effective in this business,” said Take-Two Interactive Software CEO Strauss Zelnick.

By Marco Quiroz-GutierrezMay 6, 2026

The CEO of Trek Bicycle reads 52 books a year, hates smartphones, and thinks Milton Friedman was wrong

The bicycle company president talked to Fortune about a brutal post-boom market, why generational labels are overblown, and his obsession with reading.

By Nick LichtenbergMay 6, 2026

ServiceNow just unveiled an AI workforce that can run your entire company: ‘Enterprises need AI that senses, decides, and securely acts’

It’s already doing it at Honeywell, Docusign and the city of Raleigh.

By Nick LichtenbergMay 5, 2026

Supermicro CEO insists ‘no one’ beyond indicted employees were involved in alleged $2.5 billion smuggling scheme

CEO and Chairman Charles Liang said Supermicro’s relationship with vendors including Nvidia, AMD, Intel, and Broadcom was “strong” despite the accusations against a Supermicro cofounder. Supermicro stock rose 17% in after-hours trading.

By Amanda GerutMay 5, 2026

More in Big Tech

Startups & Venture

More in Startups & Venture

Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape

Gas crisis? Kelp could be the biofuel answer to high gas prices, but only if the government removes some red tape

Gas? Where we’re going, we don’t need gas. (We need increased supply and demand, and less red tape for kelp farmers).

By The Associated Press, Ana Georgescu and Zoe BeketovaMay 6, 2026

AI, robotics, climate tech: How VCaaS helps corporations enter deep tech safely

In AI, robotics, and climate tech, the path forward is not about avoiding risk, but something else.

By Anis UzzamanMay 6, 2026

Inside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup

The Pentagon is turning to Anduril for drones, missiles, and software. It’s the biggest sign yet that Silicon Valley is shaking up the military-industrial complex.

By Allie GarfinkleMay 6, 2026

District, founded by three Snapchat alumni, raises a $14.7 million seed round to help independent sellers build community-driven marketplaces

The a16z-backed AI startup wants to bring the corner store experience to online shopping.

By Allie GarfinkleMay 6, 2026

More in Startups & Venture

mcdermott

ServiceNow just told Wall Street it’s going to double again. Here’s why $30 billion of revenue isn’t crazy

The enterprise software company grew from $3.5 billion to nearly $16 billion in six years. Now it says $30 billion by 2030 is conservative.

By Nick LichtenbergMay 6, 2026

Your company’s AI could delete everything in 9 seconds. ServiceNow wants to be the kill switch

Enterprises are deploying AI agents without identities, audit trails, or guardrails. Bill McDermott is betting $30 billion on fixing it.

By Nick LichtenbergMay 6, 2026

The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed

The McKinsey Global Institute identified the 18 “arenas” driving tomorrow’s growth. Here’s where America stands — and what companies must do to stay ahead.

By Kevin Russell, Chris Bradley and Kweilin EllingrudMay 6, 2026

Inside Home Depot’s marketing playbook: weather signals, influencers, and an app to drive bigger baskets

Home Depot’s CMO doesn’t just want to sell products. She wants to rewire how shoppers buy them.

By Ruth UmohMay 6, 2026

More in Innovation

Current price of Ethereum for May 6, 2026

Current price of Ethereum for May 6, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerMay 6, 2026

Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change

Also: All the news and watercooler chat from Fortune.

By Alyson ShontellMay 6, 2026

China stopped issuing new robotaxi licenses over a glitch. America can’t stop them from rolling into active shooter situations

As robotaxis rack up incidents with zero federal consequences, new research finds more states are passing laws to get Americans to drive less.

By Catherina GioinoMay 4, 2026

Sequoia-backed Astrocade raises $56 million to let everyone build games

Astrocade, launched publicly less than a year ago, already has about five million monthly active users.

By Allie GarfinkleMay 5, 2026

More in Innovation

More in Cybersecurity

Gen Alpha is using makeup to pass age verification tech online. One mom caught her son using an eyebrow pencil

Gen Alpha is using makeup to pass age verification tech online. One mom caught her son using an eyebrow pencil

The youth are no longer wearing makeup to sneak into the newest bar: they’re drawing on mustaches to get into the next hottest club, the Internet.

By Catherina GioinoMay 5, 2026

Jamie Dimon and Dario Amodei sidestep question about whether the AI cyber ‘freakout’ is warranted

The two most powerful men in the AI-finance nexus, making their first onstage appearance together, were asked if a cybersecurity “freakout” is warranted. They didn’t say yes or no.

By Nick LichtenbergMay 5, 2026

Anthropic’s most powerful AI model just exposed a crisis in corporate governance. Here’s the framework every CEO needs.

Yale’s Jeffrey Sonnenfeld and colleagues argue that Claude Mythos will break enterprise deployment in ways that cannot be undone—without key fixes.

By Jeffrey Sonnenfeld, Stephen Henriques, Dan Kent and Holden LeeMay 2, 2026

Trump may seek to review AI models before launch

In today’s edition: Trump readies AI order, Musk’s SEC settlement, Palantir revenue soars. Plus: Anthropic, Cisco, Lattice, Meta, OpenAI, Panthalassa, Sierra.

By Andrew NuscaMay 5, 2026

More in Cybersecurity

Latest Stories

New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team

Newsletters New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team

By Emma HinchliffeMay 6, 2026

Ryanair CEO Michael O'Leary

Travel & Leisure It’s always happy hour at the airport bar, but Ryanair’s CEO is calling for a crackdown on 6am tipples: ‘Who needs to be drinking beer at that time?’

By Tristan BoveMay 6, 2026

Pantera Capital founder and managing partner Dan Morehead onstage at a conference in 2023

Crypto Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds

By Jack KubinecMay 6, 2026

At 75, Ted Turner told Fortune he gave himself 5 more years. He got 12—and spent them warning the world was ending

C-Suite At 75, Ted Turner told Fortune he gave himself 5 more years. He got 12—and spent them warning the world was ending

By Ashley LutzMay 6, 2026

Crypto Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes

By Jack KubinecMay 6, 2026

Young college graduate in city

Success Here are the best hiring hotspots for recent graduates—cities in the Midwest and South are even outpacing career hubs like New York City

By Emma BurleighMay 6, 2026

gosling

Arts & Entertainment Shane Black on cult success of ‘The Nice Guys,’ 10 years later: ‘There’s something to being the king of the midnight movie’

By Jake Coyle and The Associated PressMay 6, 2026

trump

Economy ‘That alone should win us the midterms’: Trump wants voters to ignore higher costs, giant pharma profits and focus on drug prices

By Josh Boak and The Associated PressMay 6, 2026

More TechPage 11 of 100

Dow COO Karen Carter wearing a white lab coat and sitting while smiling

C-Suite Dow’s CEO pick elevates a seasoned insider at a pivotal moment for the chemical giant

By Ruth UmohApril 14, 2026

Success These cofounders quit corporate jobs, took on $100K in credit card debt, and slept in a Denny’s—now their $1.2B company is backed by Serena Williams
By Emma BurleighApril 12, 2026

Anthropic’s Mythos reveals a growing security gap: AI finds flaws far faster than companies can patch them

AI Anthropic’s Mythos reveals a growing security gap: AI finds flaws far faster than companies can patch them

By Sharon GoldmanApril 14, 2026

After attacks on Sam Altman’s home, experts see parallels to the Industrial Revolution

AI After attacks on Sam Altman’s home, experts see parallels to the Industrial Revolution

By Marco Quiroz-GutierrezApril 14, 2026

Nava founders Brianna Montgomery and Vyas Krishnan pose for a photo

Crypto Nava raises $8.3 million in seed funding to keep AI financial agents from going off the rails

By Jack KubinecApril 14, 2026

AI ‘I don’t need help’: Meet some of the AI resisters who smell their own extinction

By Matt O'Brien, Linley Sanders and The Associated PressApril 14, 2026

Alex Karp gestures while holding a microphone

Success Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’

By Preston ForeApril 14, 2026

Success Born in Soviet Union, Grindr CEO was told he had two career options: Learn English or how to shoot a gun
By Orianna Rosa RoyleApril 12, 2026

doj

Law ‘If I am going to advocate for others to kill and commit crimes, then I must lead by example’: OpenAI suspect’s chilling manifesto

By Olga R. Rodriguez, Juan Lozano, Lekan Oyekanmi and The Associated PressApril 14, 2026

Exclusive: Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer

Crypto Exclusive: Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer

By Ben WeissApril 14, 2026

A robotic hand holds a credit card

AI American Express releases tools to build AI payments—and pledges to pay the price if agents go awry

By Jack KubinecApril 14, 2026

Photo: Sam Altman

Economy Man charged in arson attack on Sam Altman’s house had AI CEO kill list, prosecutors say

By Jim EdwardsApril 14, 2026

Exclusive: Chad Rigetti’s Sygaldry raises $139 million to bring quantum hardware to AI data centers

Newsletters Exclusive: Chad Rigetti’s Sygaldry raises $139 million to bring quantum hardware to AI data centers

By Allie GarfinkleApril 14, 2026

AI These startups are racing to make AI safe for the Pentagon’s most closely guarded secrets
By Erik GermanApril 11, 2026

OpenAI CEO Sam Altman (center) and Anthropic CEO Dario Amodei (right), not holding hands, in New Delhi on February 19, 2026. (Photo by Ludovic Marin/AFP/Getty Images)

Newsletters OpenAI revenue chief accuses rival Anthropic of goosing revenue projections

By Andrew NuscaApril 14, 2026

Dario Amodei

AI Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot

By Beatrice NolanApril 14, 2026

He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code

Success He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code

By Orianna Rosa RoyleApril 14, 2026

sam altman

Law Meet the man accused of throwing a Molotov cocktail at Sam Altman: a 20-year-old AI doomer

By Juan Lozano, Lekan Oyekanmi and The Associated PressApril 13, 2026

AI agents are acting like employees, but company structures still treat them like software

Commentary AI agents are acting like employees, but company structures still treat them like software

By Dan MountstephenApril 13, 2026

New drones are giving Ukraine a battlefield advantage and ravaging Russia’s oil industry

Innovation New drones are giving Ukraine a battlefield advantage and ravaging Russia’s oil industry

By Jason MaApril 13, 2026

Anthropic caused panic that Mythos will expose cybersecurity weak spots, but one industry veteran says the real problem is fixing, not finding, them

Cybersecurity Anthropic caused panic that Mythos will expose cybersecurity weak spots, but one industry veteran says the real problem is fixing, not finding, them

By Marco Quiroz-GutierrezApril 13, 2026

craig piggott

AI After growing up on a dairy farm, this Peter Thiel–backed founder is using AI to save cattle ranching

By Jake AngeloApril 13, 2026

Luis Von Ahn points.

Workplace Culture ‘I’m not going to force you’: Duolingo CEO backs off from evaluating employees on their AI usage

By Jacqueline MunisApril 13, 2026

Kara Swisher

Success ‘It tastes like a Twinkie’: Major tech podcaster Kara Swisher says AI is overhyped for one simple reason—humans don’t like it

By Preston ForeApril 13, 2026

When AI sells to AI, brands win on data and identity

Future of Work When AI sells to AI, brands win on data and identity

By Jarrod MartinApril 13, 2026

China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs

Newsletters China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs

By Nicholas GordonApril 13, 2026

Apple CEO Tim Cook in Davos on January 21, 2026. (Photo: Mandel Ngan/AFP/Getty Images)

Newsletters Apple smart glasses are coming into view

By Andrew NuscaApril 13, 2026

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

Asia Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

By Nicholas GordonApril 12, 2026

Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty

Investing Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty

By Geoff ColvinApril 12, 2026

Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV

Innovation Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV

By Marcia Dunn and The Associated PressApril 12, 2026

Why some leaders are betting on Gen Z for the next chapter

Success Why some leaders are betting on Gen Z for the next chapter

By Orianna Rosa RoyleApril 12, 2026

Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources

Investing Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources

By Nick LichtenbergApril 12, 2026

mueller

Commentary I grew up in a family of entrepreneurs. Here’s what I had to unlearn to build a $1 billion business

By Samuel MuellerApril 12, 2026

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A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began

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