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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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Current price of Ethereum for Oct. 7, 2026
Current price of Ethereum for October 7, 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 HostetlerOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
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
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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
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
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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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
Futurist Amy Webb speaking at the Fortune AIQ Summit.
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
‘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
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
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
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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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
  • Richmond Fed President and CEO Tom Barkin
    Banking
    Fed’s Tom Barkin, a former McKinsey CFO, says the ‘AI Apocalypse’ hasn’t arrived
    By Sheryl EstradaSeptember 25, 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
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
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
OpenAI hits pause again
Newsletters
OpenAI hits pause again
By Alexei OreskovicSeptember 28, 2026
Kaniskha Narayan, minister for artificial intelligence, speaks at the Good Growth Reception on the first day of the UK Labour Party annual conference in Liverpool
AI
U.K. government’s AI lead has a message on frontier risks—it’s time to ‘harden and build defenses’ 
By Kamal AhmedSeptember 28, 2026
  • Quantum won’t kill crypto—but it could accelerate Wall Street’s adoption of blockchain
    Crypto
    Quantum won’t kill crypto—but it could accelerate Wall Street’s adoption of blockchain
    By Chris PerkinsSeptember 25, 2026
Airbnb CEO Brian Chesky says he spends three hours a day on recruitment—and if his hiring managers don’t like his input, he tells them to leave
Success
Airbnb CEO Brian Chesky says he spends three hours a day on recruitment—and if his hiring managers don’t like his input, he tells them to leave
By Orianna Rosa RoyleSeptember 28, 2026
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
Magazine
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
By Allie GarfinkleSeptember 28, 2026
As AI giants warn of existential risk, they can also build a competitive moat via safety. ‘It’s genius and they’re all going to make a lot of money’
AI
As AI giants warn of existential risk, they can also build a competitive moat via safety. ‘It’s genius and they’re all going to make a lot of money’
By Garance Burke and The Associated PressSeptember 27, 2026
j
Commentary
EY Global Vice Chair: AI’s biggest paradox comes down to what AI can’t do
By Julie TeiglandSeptember 27, 2026
Photo of Navya Tuteja
Success
Her school blocked ChatGPT. Now this 17-year-old high school senior runs an AI startup with 1,000 users
By Nick LichtenbergSeptember 27, 2026
  • Microsoft unveils Copilot super app, targeting business users with AI agents
    AI
    Microsoft unveils Copilot super app, targeting business users with AI agents
    By Sebastian HerreraSeptember 25, 2026
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
Magazine
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
By Indrani SenSeptember 27, 2026
js
Commentary
Transformative innovation and shifting balance: How boards can track stakeholder momentum
By Jane SadowskySeptember 27, 2026
I left 2 corporate careers to find purpose in Silicon Valley. Instead, I found it solving the wrong things
Commentary
I left 2 corporate careers to find purpose in Silicon Valley. Instead, I found it solving the wrong things
By Alex StephanySeptember 27, 2026
Byron V. Garrett, the CEO of Genesys Works
Success
Gen Z aren’t ready for the workplace—and this youth job program CEO is giving them a crash course in emails and workplace etiquette to change that
By Emma BurleighSeptember 27, 2026
‘Godfather of AI’ explains how humanity could end: Even without a bad actor, AI ‘may derive subgoals that cause it to want to get rid of people’
AI
‘Godfather of AI’ explains how humanity could end: Even without a bad actor, AI ‘may derive subgoals that cause it to want to get rid of people’
By Jason MaSeptember 26, 2026
Photo of Sam Altman
Cybersecurity
OpenAI says its AI agents escaped a secure ‘sandbox’ again last weekend and it is pausing training for a second time
By Jeremy KahnSeptember 26, 2026
New Mexico jury finds Facebook liable for over 43 million violations of consumer protection law—and Meta could owe over $200 billion in penalties
Law
New Mexico jury finds Facebook liable for over 43 million violations of consumer protection law—and Meta could owe over $200 billion in penalties
By Mikella Schuettler and The Associated PressSeptember 26, 2026
Microsoft VP: SaaS isn’t dying. It’s becoming the operating system for AI agents—and that changes everything
Commentary
Microsoft VP: SaaS isn’t dying. It’s becoming the operating system for AI agents—and that changes everything
By Bryan GoodeSeptember 26, 2026
Man at a podium in a suit
Big Tech
Oracle gave Larry Ellison and his co-CEOs nearly $1 billion in stock options. By fiscal year end, all were underwater
By Amanda GerutSeptember 26, 2026
OpenAI rogue agents leaked 53 images from ChatGPT users and reportedly created nearly 1 million links packing encoded bits of info
AI
OpenAI rogue agents leaked 53 images from ChatGPT users and reportedly created nearly 1 million links packing encoded bits of info
By Alexei OreskovicSeptember 25, 2026
Bitget CEO Gracy Chen sits and looks off into the distance during a conference panel.
Crypto
North Korea accused of plundering Bitget for $387 million in year’s biggest crypto attack
By Camila Grigera NaónSeptember 25, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsSeptember 25, 2026
Picture of Pip White, head of EMEA North at Anthropic, during a Bloomberg Television interview in London, UK
Europe
‘Our industry sees the risks and is concerned’: European tech leaders join calls for AI slowdown
By Sam Birchall and Sam ForsdickSeptember 25, 2026
Brené Brown, author, researcher, and professor
Conferences
Brené Brown says the key to surviving AI is rejecting Jack Welch’s advice and embracing humanity. The problem is humans ‘can’t stand each other’
By Sydney LakeSeptember 25, 2026
ac
Commentary
Andrew Cuomo: America can’t afford to fall behind on the future of finance
By Andrew M. CuomoSeptember 25, 2026
Peter Thiel
Success
Peter Thiel says Germany has a ‘fear of success’ problem—and it explains why entrepreneurs don’t scale like Elon Musk or Mark Zuckerberg
By Preston ForeSeptember 25, 2026
Entry-level jobs were actually secret apprenticeships all along, and AI just cut the subsidy
Commentary
Entry-level jobs were actually secret apprenticeships all along, and AI just cut the subsidy
By Patrick T. HarkerSeptember 25, 2026
Federal cyber agency unveils midterm plan with 40 days to go: ‘For them to come in 5 weeks before the election, yeah, nice effort’
Cybersecurity
Federal cyber agency unveils midterm plan with 40 days to go: ‘For them to come in 5 weeks before the election, yeah, nice effort’
By Ali Swenson and The Associated PressSeptember 25, 2026
Pope Leo warns humanity risks losing itself in a ‘paradise of machines’
Politics
Pope Leo warns humanity risks losing itself in a ‘paradise of machines’
By Nicole Winfield, Sylvie Corbet and The Associated PressSeptember 25, 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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