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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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A man looks at several stock trading charts on four computer displays.
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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Two people in yellow safety vests look at a while trailer truck.
Cybersecurity
Thieves stole an Nvidia-branded truck filled with just 20,000 pounds of sand—and it points to Big Tech’s $150 million AI hardware theft headache
By Sasha RogelbergOctober 1, 2026
  • Jeff Bezos is giving $25 million to protect the Pacific—but his climate fund still has about $7 billion left to spend in four years
    Environment
    Jeff Bezos is giving $25 million to protect the Pacific—but his climate fund still has about $7 billion left to spend in four years
    By Sydney LakeSeptember 30, 2026
Billion-dollar tech company Starkey unveils its newest hearing aid—saying the most human AI innovation may be one you wear 
Innovation
Billion-dollar tech company Starkey unveils its newest hearing aid—saying the most human AI innovation may be one you wear 
By Sydney LakeOctober 1, 2026
Exclusive: Nine-person Halluminate raises $30 million, counts four top U.S. AI labs as customers
Startups & Venture
Exclusive: Nine-person Halluminate raises $30 million, counts four top U.S. AI labs as customers
By Wen ShaoOctober 1, 2026
Kylie Jenner, Selena Gomez, and Hailey Bieber’s brands dominate beauty’s creator economy. Fame is only part of the reason
Arts & Entertainment
Kylie Jenner, Selena Gomez, and Hailey Bieber’s brands dominate beauty’s creator economy. Fame is only part of the reason
By Fernanda TroncoOctober 1, 2026
Christian Ulbrich says working from the office is ‘core’. Just make sure it is a beautiful place to be as well 
Europe
Christian Ulbrich says working from the office is ‘core’. Just make sure it is a beautiful place to be as well 
By Kamal AhmedOctober 1, 2026
The Hewlett Packard Enterprise (HPE) logo is displayed on a smartphone screen with the company's website in the background.
Big Tech
HPE’s $1.2 billion order from Vultr puts its AI networking strategy to the test
By Sheryl EstradaOctober 1, 2026
  • Palo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI
    Magazine
    Palo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI
    By Allie GarfinkleSeptember 30, 2026
AI is consuming human knowledge. It should learn how to pay for it
Commentary
AI is consuming human knowledge. It should learn how to pay for it
By Shlomit WagmanOctober 1, 2026
There’s a pipeline of deals—for pipelines—that will help power the AI boom
Newsletters
There’s a pipeline of deals—for pipelines—that will help power the AI boom
By Jordan BlumOctober 1, 2026
Latina software developer reviewing code with colleague in office
Success
Gen Z is the most likely generation to use AI for learning—but 57% say they struggle to apply what they learn
By Tatiana SatauaOctober 1, 2026
dp
Commentary
McKinsey senior partner: Why AI’s easiest wins are misleading CEOs
By David PralongOctober 1, 2026
Micron keeps the memory party going
Newsletters
Micron keeps the memory party going
By Alexei OreskovicOctober 1, 2026
  • Robinhood agents image
    Investing
    Robinhood just rolled out trading agents to millions—and investing may never be the same
    By Jeff John RobertsSeptember 29, 2026
Fortune AIQ Summit
AI
Fortune AIQ Summit livestream (concluded)
By Fortune EditorsOctober 1, 2026
g
Commentary
Ken Griffin’s $3 billion gift exemplifies Florida’s new mindset: from attracting innovation to creating it
By Michael SimasOctober 1, 2026
DataSnipper CEO Vidya Peters
AI
The unicorn CEO betting her industry’s AI crisis isn’t the one you think
By Nick LichtenbergOctober 1, 2026
AI ‘godfather’ Yann LeCun has ‘zero concerns’ about human extinction, says Anthropic CEO Dario Amodei is ‘deluded’
AI
AI ‘godfather’ Yann LeCun has ‘zero concerns’ about human extinction, says Anthropic CEO Dario Amodei is ‘deluded’
By Emily ForliniOctober 1, 2026
Visa and Mastercard handle nearly half of Europe’s card payments. The digital euro aims to change that
Magazine
Visa and Mastercard handle nearly half of Europe’s card payments. The digital euro aims to change that
By Sam BirchallOctober 1, 2026
SpaceX CEO Elon Musk on a remote screen
Investing
Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
By Amanda GerutSeptember 30, 2026
f
Future of Work
Ford’s Jim Farley: many jobs ‘are definitely going to be changed and eliminated’ but blue-collar trades will use AI as a ‘companion’
By Nick LichtenbergSeptember 30, 2026
ds
Future of Work
‘This revolution is happening in years, not decades’: Verizon CEO Dan Schulman sees AGI within 18 months—and a century of progress in a decade
By Nick LichtenbergSeptember 30, 2026
Illustration of AI agents.
Crypto
Cloudflare just announced a tool that lets businesses charge AI agents in stablecoins
By Camila Grigera NaónSeptember 30, 2026
How AI is becoming Hollywood’s newest star, changing work on and off camera
Newsletters
How AI is becoming Hollywood’s newest star, changing work on and off camera
By John KellSeptember 30, 2026
bg
AI
‘A billion deaths’: Bill Gates warns about AI in the wrong hands, saying a kill switch and self-regulation won’t be enough
By Mia OsmonbekovSeptember 30, 2026
Current price of Ethereum for Sept. 30, 2026
Personal Finance
Current price of Ethereum for Sept. 30, 2026
By Joseph HostetlerSeptember 30, 2026
LinkedIn CEO Dan Shapero
Success
LinkedIn CEO says that job seekers are sending out 30% more applications than pre-pandemic—and it’s harder to ‘know who can actually do the job’
By Emma BurleighSeptember 30, 2026
Susan Gouijnstook is CEO, Girls Who Code.
Commentary
Girls Who Code CEO: the most discerning people in the AI debate aren’t in Silicon Valley. They’re teenage girls
By Susan GouijnstookSeptember 30, 2026
AI is redefining operating models. CFOs can lead the transformation
AI
AI is redefining operating models. CFOs can lead the transformation
By James Kavanaugh and Neil DharSeptember 30, 2026
Jim Kavanaugh, IBM’s CFO and SVP of finance and operations
C-Suite
AI is giving CFOs a bigger slice of the C-suite, new IBM data shows
By Sheryl EstradaSeptember 30, 2026
Big companies used to treat retail investors as an afterthought—now, they are at the IPO table
Newsletters
Big companies used to treat retail investors as an afterthought—now, they are at the IPO table
By Jeff John RobertsSeptember 30, 2026
(Photo by Heather Diehl/Getty Images)
Newsletters
OpenAI fights Muse with Dots
By Alexei OreskovicSeptember 30, 2026
Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
Startups & Venture
Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
By Marco Quiroz-GutierrezSeptember 30, 2026
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Law
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
Success
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
By Sydney LakeOctober 6, 2026
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Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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