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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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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

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

2

Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

3

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties
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Why the AI age calls for ‘founder mode’
Why the AI age calls for ‘founder mode’

The onset of the technology demands leaders who stay close to the work, move quickly, and rethink what their companies can become.

By Alyson ShontellOctober 7, 2026
Cofounders Nate Wilson and Eli Ben-Johnson sit on robobikes.
Meet the two cofounders who went on a 10-month-long trip before starting their $350 million business—they say you should too
By Joshua HongOctober 7, 2026
Justin Ma, cofounder of Vest, smiling.
Exclusive: Portal Ventures-backed Vest raises $13 million to build a proprietary trading firm that shares traders’ profits
By Camila Grigera NaónOctober 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
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
Fortune banner
Big Tech
More in Big Tech
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’

Sarah Yager joined OpenAI recently, and though she was initially skeptical that her position was merely a PR stunt, she says she’s had some early success influencing the safety of the technology.

By Emily ForliniOctober 6, 2026
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
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
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
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
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?

Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.

By Angelica AngOctober 7, 2026
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
‘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
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
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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Exclusive: AI startup Sapien raises at $180M valuation to help companies find what’s really driving profit
Startups & Venture
Exclusive: AI startup Sapien raises at $180M valuation to help companies find what’s really driving profit
By Sheryl EstradaSeptember 8, 2026
  • A man on the left evaluates trading charts on his laptop while a woman on his right does the same thing on her phone.
    Crypto
    Crypto exchange Gate enters prediction market space with white-label builder for businesses 
    By Camila Grigera NaónSeptember 3, 2026
Mariana Mazzucato
Commentary
The state is America’s biggest venture capitalist. Tesla and Solyndra prove it
By Mariana MazzucatoSeptember 8, 2026
The Boston Dynamics spinout building robots you’ll actually want to hug
Newsletters
The Boston Dynamics spinout building robots you’ll actually want to hug
By Allie GarfinkleSeptember 8, 2026
OpenAI logo on a black background.
AI
OpenAI details how AI is accelerating its own work—even as its chief scientist lays out growing dangers and says he hopes the industry slows down
By Jeremy KahnSeptember 8, 2026
A vehicle Tesla is using for robotaxi testing purposes in Austin, Texas, on June 22, 2025. (Photo: Tim Goessman/Bloomberg/Getty Images)
Newsletters
A speed bump for Tesla’s Cybercabs
By Andrew NuscaSeptember 8, 2026
es
Health
A $500,000 career, gone at 25: esports’ injury crisis is forcing teams to build sports-medicine staffs
By Erica D. Henn and The ConversationSeptember 7, 2026
  • Hugging Face cofounder and chief scientist Thomas Wolf.
    Newsletters
    Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition
    By Emily ForliniSeptember 3, 2026
OpenAI CEO Sam Altman
Cybersecurity
OpenAI’s AI agents secretly used a German wiki website as a message board. OpenAI stayed quiet about it for weeks.
By Beatrice NolanSeptember 7, 2026
c
Cybersecurity
‘Oh, my God! Bro, bro, I’m going to spaz out!’ The first Bitcoin RICO case comes for a DOJ that gutted its ability to build it
By Michael Kunzelman and The Associated PressSeptember 7, 2026
Two men on a stage
C-Suite
The typical tech leader’s pay rose $810k since 2021—more than COOs, CFOs, and CIOs combined
By Amanda GerutSeptember 7, 2026
Photo of the seven Ineffable Intelligence cofounders. Back row (standing): Alexandre Laterre and Junyhuk Oh;  Seated (from left): Lasse Espeholt, David Silver, Wojciech. Czarnecki, Chris Apps, and Heather Gorham.
AI
Exclusive: Ineffable Intelligence adds six ‘cofounders,’ hiring veterans from Google DeepMind, InstaDeep and venture firm Flying Fish
By Jeremy KahnSeptember 7, 2026
At least 5 dead after Amazon cargo plane barrels off runway at Miami airport, crashes into vehicles and bursts into flames
Big Tech
At least 5 dead after Amazon cargo plane barrels off runway at Miami airport, crashes into vehicles and bursts into flames
By The Associated PressSeptember 6, 2026
  • Google CEO Sundar Pichai
    AI
    Google shipped four Gemini Flash models in 106 days. But its flagship frontier model is still nowhere to be seen.
    By Wen ShaoSeptember 3, 2026
Fortune Archives: The final frontier of capitalism
Newsletters
Fortune Archives: The final frontier of capitalism
By Nicholas GordonSeptember 6, 2026
Restaurants have been serving up fake food ads for decades—AI slop is just the latest special
AI
Restaurants have been serving up fake food ads for decades—AI slop is just the latest special
By Tatiana SatauaSeptember 6, 2026
ASEAN can still hedge between America and China on AI. It needs to get its act together first
Commentary
ASEAN can still hedge between America and China on AI. It needs to get its act together first
By Brian Wong, Boris Babic and Nikola IlovskiSeptember 5, 2026
These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
Economy
These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
By Jason MaSeptember 5, 2026
Jordan Watkins #17 of the San Francisco 49ers signals first down after catching a pass against the Tennessee Titans in the first half at Levi's Stadium.
Arts & Entertainment
Men are larp-ing as NFL players to score dates and cash—one made $1.3 million before the FBI arrested him
By Joshua HongSeptember 5, 2026
Federal regulators are investigating Musk’s new steering-wheel-free Cybercabs a day after launch, unconvinced by Tesla’s self-certification process
Innovation
Federal regulators are investigating Musk’s new steering-wheel-free Cybercabs a day after launch, unconvinced by Tesla’s self-certification process
By Bernard Condon and The Associated PressSeptember 5, 2026
Tech CEOs want the world to embrace AI, but protestors outside their G20 gathering show the industry’s growing popularity problem
AI
Tech CEOs want the world to embrace AI, but protestors outside their G20 gathering show the industry’s growing popularity problem
By Marco Quiroz-GutierrezSeptember 5, 2026
OpenAI CEO Sam Altman.
AI
OpenAI quietly boosts some of Astra’s evaluation metrics, and continues to change others post-launch
By Emily ForliniSeptember 4, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California.
Big Tech
‘Feeding the beast’: Meta faces allegations of using its ‘perv glasses’ to train AI in new lawsuit
By Joshua HongSeptember 4, 2026
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 29-Sept. 4, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 29-Sept. 4, 2026
By Fortune EditorsSeptember 4, 2026
Josh Kushner says Thrive would have stayed away from FIFA’s $4.2 billion World Cup deal if it had known what was coming
Startups & Venture
Josh Kushner says Thrive would have stayed away from FIFA’s $4.2 billion World Cup deal if it had known what was coming
By Marco Quiroz-GutierrezSeptember 4, 2026
Swiss biotechnologist Pia Viviani (L) and Swiss science journalist Atlant Bieri pose ahead of the 2026 Ig Nobel Prize Ceremony in Zurich.
Innovation
Cockroach milk and underwear studies win Ig Nobels at first ceremony held outside U.S.
By The Associated Press and Adithi RamakrishnanSeptember 4, 2026
‘A Storm of Cybercabs’: Musk launches steering-wheel-free taxis even as 70% of Americans say they’re uncomfortable with driverless cars
Innovation
‘A Storm of Cybercabs’: Musk launches steering-wheel-free taxis even as 70% of Americans say they’re uncomfortable with driverless cars
By Bernard Condon and The Associated PressSeptember 4, 2026
Photo of data center in South Africa
Environment
Civil rights groups call to halt South Africa’s data center boom over water and power use
By The Associated Press, Mogomotsi Magome and MICHELLE GUMEDESeptember 4, 2026
Jensen Huang, chief executive officer of Nvidia Corp.
Big Tech
Nvidia’s $13 billion Hugging Face bet reveals Jensen Huang’s vision for the next AI battleground
By Sheryl EstradaSeptember 4, 2026
John Ternus takes the helm at Apple, as AI pressure hits
Newsletters
John Ternus takes the helm at Apple, as AI pressure hits
By Allie GarfinkleSeptember 4, 2026
The Hugging Face logo on a smartphone resting on a laptop keyboard.
Newsletters
It’s official: Nvidia will acquire Hugging Face for $12.9 billion
By Andrew NuscaSeptember 4, 2026
US Secretary of Treasury Scott Bessent speaks with US Federal Reserve Chair Kevin Warsh during the G20 Finance Ministers and Central Bank Governors' meeting in Asheville, North Carolina, on September 1, 2026.
AI
‘I don’t think there’s a floor’: Workers’ share of America’s income is at a record low before the AI boom even begins
By Eva RoytburgSeptember 4, 2026
Russia to shut German cultural centers as Moscow-Berlin tensions escalate over Ukraine
Cybersecurity
Russia to shut German cultural centers as Moscow-Berlin tensions escalate over Ukraine
By Claudia Ciobanu, Katie Marie Davies and The Associated PressSeptember 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
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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent showsplaceholder alt text
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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida propertiesplaceholder alt text
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