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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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Current price of oil as of October 6, 2026

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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

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

Current price of oil as of October 6, 2026

3

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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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
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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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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
  • Public cofounder Leif Abraham (left) stands smiling at camera while Jannick Malling (right) does the same while sitting on a high stool.
    Crypto
    Public brings AI trading agents to prediction markets with Kalshi tie-up
    By Camila Grigera NaónSeptember 24, 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
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
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
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
  • A hacker wearing a hoodie sitting at a laptop.
    AI
    AI could make more companies worth hacking, Anthropic report suggests
    By Wen ShaoSeptember 24, 2026
Russia’s invasion of Ukraine changed the European energy equation—now efficiency is just as important as sustainability 
Europe
Russia’s invasion of Ukraine changed the European energy equation—now efficiency is just as important as sustainability 
By Kirsty McGregorSeptember 25, 2026
When the machine should stop and call a human
Commentary
When the machine should stop and call a human
By Tae E. BollingSeptember 25, 2026
seated man and microphone
Newsletters
AJ Scaramucci’s Solari Capital emerges from stealth with $350 million deployed and a case that companies stay private too long
By Amanda GerutSeptember 25, 2026
OpenAI CEO Sam Altman
Newsletters
OpenAI’s rogue AI agent issue isn’t going away
By Andrew NuscaSeptember 25, 2026
Washington still hasn’t passed an AI safety law. New York City, where AI giants are expanding fastest, is writing its own
AI
Washington still hasn’t passed an AI safety law. New York City, where AI giants are expanding fastest, is writing its own
By Catherina GioinoSeptember 25, 2026
  • Meta CEO Mark Zuckerberg in Menlo Park, California, on Sept. 23, 2026. (Photo: Minh Connors/Bloomberg/Getty Images)
    Newsletters
    Meta steals the ‘not first, but best’ page from Apple’s playbook
    By Andrew NuscaSeptember 24, 2026
A man in a blue short points to the display screen on a Samsung refrigerator.
Retail
‘I can’t believe it’s already broken’: Samsung customers are complaining to the company over spoiled food after an update bricked AI smart fridges
By Sasha RogelbergSeptember 25, 2026
Temu axed its $1 billion network of fake influencer accounts on Meta
Big Tech
Temu axed its $1 billion network of fake influencer accounts on Meta
By Jim EdwardsSeptember 25, 2026
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
Success
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
By Orianna Rosa RoyleSeptember 25, 2026
OpenAI to unveil GPT-6 Cyber model, plus a first-of-its-kind product to help deploy it
AI
OpenAI to unveil GPT-6 Cyber model, plus a first-of-its-kind product to help deploy it
By Emily ForliniSeptember 24, 2026
The U.S. and China are quietly talking AI guardrails—even as Trump publicly rejects them
AI
The U.S. and China are quietly talking AI guardrails—even as Trump publicly rejects them
By Eva RoytburgSeptember 24, 2026
Photo: Josh Payne
Newsletters
Nscale wants a $35 billion valuation. Nvidia is helping foot the bill
By Beatrice NolanSeptember 24, 2026
OpenAI CEO Sam Altman
Cybersecurity
Report reveals yet more cases of OpenAI’s ‘rogue AI’ agents hacking websites—and suggests they may still have been active in recent weeks
By Jeremy Kahn and Beatrice NolanSeptember 24, 2026
Ali Ghodsi
Success
Like Jamie Dimon, Databricks CEO hates days with too many meetings. He says it means he gets nothing done and he’s just got ‘monkeys on his back’
By Preston ForeSeptember 24, 2026
The Energy Department to spend nearly $2 billion to squeeze more power from the aging U.S. grid
Energy
The Energy Department to spend nearly $2 billion to squeeze more power from the aging U.S. grid
By The Associated Press, Marc Levy and Matthew DalySeptember 24, 2026
‘Expressed my disappointment’: Australian Prime Minister Anthony Albanese says OpenAI took too long to reveal breach
Cybersecurity
‘Expressed my disappointment’: Australian Prime Minister Anthony Albanese says OpenAI took too long to reveal breach
By Rod McGuirk and The Associated PressSeptember 24, 2026
Cisco CEO Chuck Robbins
Success
Cisco CEO warns workers who worry about change that ‘nothing’s going to feel good right now’ with AI
By Emma BurleighSeptember 24, 2026
Antony Jenkins ran one of the world’s biggest banks. He knows how to solve those legacy tech nightmares (and launched a start-up to prove it)  
Europe
Antony Jenkins ran one of the world’s biggest banks. He knows how to solve those legacy tech nightmares (and launched a start-up to prove it)  
By Kamal AhmedSeptember 24, 2026
Google CEO Sundar Pichai
Success
Google CEO Sundar Pichai says this one uncomfortable habit gets young workers ahead—and helped build his $1.6 billion fortune
By Sydney LakeSeptember 24, 2026
A McDonald's logo is displayed on a sign outside a restaurant in San Diego, CA.
Future of Work
McDonald’s bets $8.5 billion on a productivity makeover across more than 46,000 restaurants
By Sheryl EstradaSeptember 24, 2026
Ledger Stax
Crypto
Payward and device maker Ledger announce tie-up to let investors hold stocks offline
By Jeff John RobertsSeptember 24, 2026
aj
Big Tech
Exclusive: AJ Scaramucci comes out of stealth with a $350 million bet on ‘Programmable Reality’
By Nick LichtenbergSeptember 24, 2026
A VC hired his kids’ nanny to run the back office. The SEC says she took $1.3 million
Newsletters
A VC hired his kids’ nanny to run the back office. The SEC says she took $1.3 million
By Amanda GerutSeptember 24, 2026
Fervo brings the first, next-gen geothermal power to the grid to satiate the AI boom
Energy
Fervo brings the first, next-gen geothermal power to the grid to satiate the AI boom
By Jordan BlumSeptember 24, 2026
Photo of people protesting data centers in Texas
Future of Work
Gen Z’s religious turn, the data center backlash and a ‘lack of consent’: how the youngest adults are winning battles the millennials lost
By Nick LichtenbergSeptember 24, 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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