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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
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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
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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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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
  • What AI slowdown? OpenAI, Anthropic release dueling models as price wars heat up
    Big Tech
    What AI slowdown? OpenAI, Anthropic release dueling models as price wars heat up
    By Emily Forlini and Beatrice NolanSeptember 22, 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
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
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
Commentary
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
By Ningrong LiuSeptember 24, 2026
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D.
AI
Meta plans to spend $145 billion this year, more than every military budget except the U.S., China and Russia
By Joshua HongSeptember 24, 2026
Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
Magazine
Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
By Jeff John RobertsSeptember 24, 2026
  • Photo: Dario Amodei
    Commentary
    The backwards AI pacing debate and how far business is from the frontier
    By Jeffrey Sonnenfeld, David Siegel and Stephen HenriquesSeptember 22, 2026
How much is Kalshi really worth? A detailed report says as much as $42 billion—if everything goes right
Startups & Venture
How much is Kalshi really worth? A detailed report says as much as $42 billion—if everything goes right
By Jeff John RobertsSeptember 24, 2026
OpenAI’s agent hacked Australia’s Medicare website—the latest rogue AI incident that the company didn’t know about for months
Cybersecurity
OpenAI’s agent hacked Australia’s Medicare website—the latest rogue AI incident that the company didn’t know about for months
By Emily ForliniSeptember 23, 2026
Meta announces new lightweight virtual reality glasses to one-up Apple’s Vision Pro
Big Tech
Meta announces new lightweight virtual reality glasses to one-up Apple’s Vision Pro
By Sebastian HerreraSeptember 23, 2026
Why ASEAN’s coming digital economy trade agreement deserves your attention
Commentary
Why ASEAN’s coming digital economy trade agreement deserves your attention
By Jon M. Huntsman, Jr.September 23, 2026
How Meta took the lead in the race for the post-smartphone world
Magazine
How Meta took the lead in the race for the post-smartphone world
By Sebastian HerreraSeptember 23, 2026
  • barry
    Commentary
    Barry Werth: the system that saved your life is being destroyed
    By Barry WerthSeptember 22, 2026
US President Donald Trump arrives to address the 81st United Nations General Assembly at United Nations headquarters in New York on September 22, 2026.
AI
Trump calls AI oversight a ‘globalist scheme’ as Amodei and Altman head to the UN to ask for it
By Eva RoytburgSeptember 23, 2026
How brokerage Compass sold its 83,000 real estate agents on the use of AI
Newsletters
How brokerage Compass sold its 83,000 real estate agents on the use of AI
By John KellSeptember 23, 2026
Current price of Ethereum for Sept. 23, 2026
Personal Finance
Current price of Ethereum for September 23, 2026
By Joseph HostetlerSeptember 23, 2026
Cambodia claims it has ‘completely dismantled all large-scale scam compounds in the kingdom’ without presenting evidence that it did
Asia
Cambodia claims it has ‘completely dismantled all large-scale scam compounds in the kingdom’ without presenting evidence that it did
By Huizhong Wu and The Associated PressSeptember 23, 2026
bs
AI
‘It doesn’t take a genius to say, ‘slow it down”: Bernie Sanders unveils bill to ban artificial superintelligence
By Joey Cappelletti and The Associated PressSeptember 23, 2026
MoonPay eyes tokenized securities push with $60 million acquisition of brokerage firm North Capital
Crypto
MoonPay eyes tokenized securities push with $60 million acquisition of brokerage firm North Capital
By Jeff John RobertsSeptember 23, 2026
Artificial Intelligence Data Analysis Concept with Digital AI Interface on Tablet and Laptop
AI
McKinsey: Cheaper AI models, bigger AI bills
By Sheryl EstradaSeptember 23, 2026
An accordion of files.
Personal Finance
7 signs your business has outgrown QuickBooks Free and it’s time to upgrade
By Joseph HostetlerSeptember 23, 2026
Climate tech VC fundraising is down almost 40%, but AI is driving deals
Newsletters
Climate tech VC fundraising is down almost 40%, but AI is driving deals
By Allie GarfinkleSeptember 23, 2026
How ‘Effective Altruism’ went from fringe philosophy to Trump’s AI villain
AI
How ‘Effective Altruism’ went from fringe philosophy to Trump’s AI villain
By Beatrice Nolan and Emily ForliniSeptember 23, 2026
Satellites, Security and Sovereign Cash: Inside the UAE’s Space Strategy
Middle East
Satellites, Security and Sovereign Cash: Inside the UAE’s Space Strategy
By Melissa HancockSeptember 23, 2026
Anthropic CEO Dario Amodei in San Francisco, California on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
Newsletters
Pace the profits, the AI companies seemed to say
By Andrew NuscaSeptember 23, 2026
s
Commentary
We’re the world’s largest satellite operator tracking greenhouse gases and we see the climate tech sector chasing the wrong breakthrough 
By Stéphane GermainSeptember 23, 2026
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
Success
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
By Sydney LakeSeptember 23, 2026
OpenAI’s search for a chief communications officer hits 9 months after a top candidate turned down the role
Big Tech
OpenAI’s search for a chief communications officer hits 9 months after a top candidate turned down the role
By Emily ForliniSeptember 23, 2026
In this photo illustration, a hand holds a smartphone displaying the App Store listing for Meta's Muse AI assistant in front of the Meta logo on a computer screen on September 22, 2026.
AI
Meta’s Muse AI is exploding in popularity—and already drawing heated backlash from another tech giant
By Sebastian HerreraSeptember 22, 2026
gagan
Startups & Venture
‘We believe in college’: inside Andreessen Horowitz’s $42m unaccredited academy that will charge Harvard prices without degrees
By Eva RoytburgSeptember 22, 2026
U.S. Treasury Secretary Scott Bessent.
Newsletters
Beijing and Washington talk about an AI hotline. But who will answer the call?
By Jeremy KahnSeptember 22, 2026
After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings
Personal Finance
After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings
By Marco Quiroz-GutierrezSeptember 22, 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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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
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