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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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Tom Hale, CEO of Oura
Why Oura delayed its IPO

Oura, the smart ring maker, cited “uncertainty” as its reason for delaying its much-anticipated public offering.

By Allie GarfinkleOctober 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
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
Futurist Amy Webb speaking at the Fortune AIQ Summit.
Finding value from AI in big companies comes down to people, not technology
By Jeremy KahnOctober 6, 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
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Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them
By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
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Big Tech
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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
a
‘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
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
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
I’ve spent a decade teaching AI to write. Here’s why your slop posts are ruining your LinkedIn

Ten years ago, it would have been inconceivable for a Fortune 500 firm and a mom-and-pop to share a ghostwriter. So why are they now?

By Jasper PyeOctober 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
Photo of a 1979 Pontiac Firebird Trans Am
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
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
While OpenAI and Anthropic battle over data privacy, more companies look to open models and ‘sovereign AI’

Reports of rogue agents and allegations of IP theft from top tech CEOs are fueling business paranoia about surrendering IP. Here are the options some are exploring to move fast without introducing significant risk.

By Emily ForliniOctober 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
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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
  • The Bank of America logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background.
    Banking
    Bank of America wants AI to do treasury’s grunt work
    By Sheryl EstradaSeptember 28, 2026
Geico turned a talking gecko into an advertising icon. Now its CMO wants that fame to sell more than car insurance
C-Suite
Geico turned a talking gecko into an advertising icon. Now its CMO wants that fame to sell more than car insurance
By Ruth UmohSeptember 29, 2026
President Donald Trump applauds on stage during the America.gov launch event at Andrew W. Mellon Auditorium on September 29, 2026 in Washington, DC. The website features an artificial intelligence tool to help Americans interact with the federal government.
Politics
Trump’s new AI website America.gov said Biden won 2020—then the White House made the chatbot stop answering
By Meg Kinnard, Chris Rugaber and Will WeissertSeptember 29, 2026
President Donald Trump gesturing as he speaks at the Andrew W. Mellon Auditorium.
AI
‘We can’t stifle it’: Trump says AI leaders ‘have to self-police’ AI technology that ‘will be bigger than the industrial revolution’
By The Associated Press, Christopher Rugaber, Will Weissert and Meg KinnardSeptember 29, 2026
After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents
Newsletters
After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents
By Emily ForliniSeptember 29, 2026
OpenAI dots graphic
AI
OpenAI unveils Dots as rival to Meta’s Muse, plus a $500 monthly plan
By Emily ForliniSeptember 29, 2026
  • Ethan Thornton views production of the Glide, a high-altitude glider.
    Newsletters
    How a Gen Zer built a $3.7 billion defense tech startup backed by Sequoia
    By Preston ForeSeptember 28, 2026
The FBI is looking into a new possible ransom note connected to the disappearance of Nancy Guthrie
Cybersecurity
The FBI is looking into a new possible ransom note connected to the disappearance of Nancy Guthrie
By The Associated PressSeptember 29, 2026
Construction workers build out the rooftop chillers and water lines feeding them atop Dallas TX4, which is under construction at the NTT Data center campus in Garland, Texas
Success
Google data center lead says ‘hundreds of thousands’ of skilled trade jobs are open across the U.S.—and they’re ‘just waiting to be filled’
By Preston ForeSeptember 29, 2026
pf
Commentary
The gut-check questions every leader needs to ask before building with AI
By Paul FippsSeptember 29, 2026
ADP: what 77 years of payroll taught us about AI
Commentary
ADP: what 77 years of payroll taught us about AI
By Joe DeSilvaSeptember 29, 2026
Exclusive: AI housing unicorn EliseAI hits $4 billion valuation in new funding round led by a16z and Bessemer
Startups & Venture
Exclusive: AI housing unicorn EliseAI hits $4 billion valuation in new funding round led by a16z and Bessemer
By Nick LichtenbergSeptember 29, 2026
  • Photo of Michael Hartnett
    Economy
    The economist who coined the phrase ‘Magnificent 7’ says the very thing that made them extraordinary is under threat
    By Eleanor PringleSeptember 28, 2026
sd
Commentary
Stop asking writers if they used AI. Just ask them how much
By Jack BrewsterSeptember 29, 2026
Jeremy Siegel, the Russell E. Palmer Professor of FInance at the Wharton School, prepares to address the Securities Industry Association during their annual meeting in Boca Raton, Florida, Thursday, November 10, 2005.
Economy
AI may prove disinflationary because agents can negotiate contracts and deals to make your life cheaper, says top economist
By Eleanor PringleSeptember 29, 2026
Photo of Dario Amodei
Big Tech
Anthropic’s leaked IPO prospectus details steep losses, rapid growth, and a fear that AI could end humanity
By Beatrice NolanSeptember 29, 2026
cc
Commentary
Georgia Attorney General: scams demand a new consumer protection strategy
By Chris CarrSeptember 29, 2026
OpenAI’s agents are still ransacking the web
Newsletters
OpenAI’s agents are still ransacking the web
By Emily ForliniSeptember 29, 2026
AMD snags AI’s ‘godmother’
Newsletters
AMD snags AI’s ‘godmother’
By Alexei OreskovicSeptember 29, 2026
Illustration featuring several employees at work, connected by a green arrow.
AI
From Pfizer to UPS, the newest members of the AIQ 75 share the secrets to upping their AI game
By John KellSeptember 29, 2026
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
AI
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
By Sage LazzaroSeptember 29, 2026
How Netflix is using AI to personalize streaming
AI
How Netflix is using AI to personalize streaming
By Sage LazzaroSeptember 29, 2026
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
AI
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
By Sage LazzaroSeptember 29, 2026
Illustration of three employees racing one another across the finish line
AI
How bottom-line-focused financial firms are finding ROI in AI
By John KellSeptember 29, 2026
NASA will try again with Boeing’s space capsule after an earlier mission was so botched it was reclassified as a crew-endangering ‘Type A mishap’
Innovation
NASA will try again with Boeing’s space capsule after an earlier mission was so botched it was reclassified as a crew-endangering ‘Type A mishap’
By Marcia Dunn and The Associated PressSeptember 28, 2026
AMD acquires startup cofounded by ‘godmother of AI’ Fei-Fei Li for $8.2 billion
AI
AMD acquires startup cofounded by ‘godmother of AI’ Fei-Fei Li for $8.2 billion
By Alexei OreskovicSeptember 28, 2026
AI companies must watch out for freeloaders burning tokens for free—and wrecking margins one sign-up at a time
AI
AI companies must watch out for freeloaders burning tokens for free—and wrecking margins one sign-up at a time
By Sarita SinghSeptember 28, 2026
SpaceX's mega rocket Starship lifts off for a test flight from Starbase, Texas.
Innovation
‘We’re being extremely cautious here’: Starship reaches orbit for first time, but SpaceX cut its planned 10-hour trip after 3 hours
By The Associated Press and Marcia DunnSeptember 28, 2026
Photo of David Rubenstein
Success
Billionaire David Rubenstein tells young workers to learn how to read and write in the AI era: ‘Learn how to speak effectively and persuasively’
By Emma BurleighSeptember 28, 2026
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Environment
What Virginia’s data-center backlash shows about how Americans feel right now — and it’s not just anger
By Fengxiu Zhang, Saba Siddiki and The ConversationSeptember 28, 2026
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AI
Frankenstein made Mary Shelley immortal. Her other visionary novel anticipated a world of climate change and pandemic
By Eileen Hunt and The ConversationSeptember 28, 2026
Elon Musk in the Oval Office
Success
Elon Musk says money might ‘not even matter’ in the future—but tells Gen Z to study arts, sciences, and engineering to know what to ask AI and robots
By Preston ForeSeptember 28, 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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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