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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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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

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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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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows
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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
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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OpenAI CEO Sam Altman in San Francisco on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
Newsletters
‘Be transparent only if asked’: Inside OpenAI’s rogue AI transcripts
By Allie GarfinkleSeptember 21, 2026
  • Spiegel, Co-Founder & CEO, Snap Inc, speaks onstage during the SPECS Launch Keynote.
    Big Tech
    Snap is betting $3.5 billion on AR glasses that businesses can use as CEO Evan Spiegel sees a post-smartphone era
    By Joshua HongSeptember 18, 2026
(L-R) Maye Musk and Elon Musk attend The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City.
Big Tech
Elon Musk’s mom isn’t fussy about where she sleeps either—Maye Musk stays in a garage when she visits the Tesla CEO in Texas
By Eleanor PringleSeptember 21, 2026
Please see attached for an image of the three authors. From left, to right: Daniel Aminetzah, Paul Jenkins, Jorge Grieve.
Commentary
McKinsey partners: you need to protect successful new ventures from the core business
By Daniel Aminetzah, Paul Jenkins and Jorge GrieveSeptember 21, 2026
un
Commentary
We co-led the UN’s dialogue on safe and secure AI. Here’s what needs to happen now
By Paula Bogantes Zamora and Rebecca FinlaySeptember 21, 2026
Large rolls of cable at an electrical substation that is under construction at the site of a new QTS Eagle Mountain data center in Eagle Mountain, Utah, on Aug. 28, 2026. (Photo: George Frey/Bloomberg/Getty Images)
Newsletters
The outlook for AI spending
By Andrew NuscaSeptember 21, 2026
Moderna’s Bob Langer and AI pioneer Yann LeCun join board of Cellular Intelligence, bringing AI into medicine via a Parkinson’s drug
AI
Moderna’s Bob Langer and AI pioneer Yann LeCun join board of Cellular Intelligence, bringing AI into medicine via a Parkinson’s drug
By Catherina GioinoSeptember 21, 2026
  • Billboard image of Sydney Sweeney Novig ad where she poses naked with a football covering her chest.
    Crypto
    Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them
    By Camila Grigera NaónSeptember 18, 2026
U.S. economy hits pivotal milestone: Spending on data centers and other information-processing hardware now exceeds housing investment
Real Estate
U.S. economy hits pivotal milestone: Spending on data centers and other information-processing hardware now exceeds housing investment
By Jason MaSeptember 20, 2026
da
Commentary
AI agents are agreeing and acting: machines are now smarter than humans. Their principals merely agree 
By Bhaskar ChakravortiSeptember 20, 2026
Zoom CEO Eric Yuan
Success
Zoom’s CEO agrees with Bill Gates, Jensen Huang, and Jamie Dimon: A 3-day workweek is coming soon thanks to AI
By Emma BurleighSeptember 20, 2026
Dating apps are trying to cure swiping fatigue with pickleball, trivia nights, and fewer chats
Startups & Venture
Dating apps are trying to cure swiping fatigue with pickleball, trivia nights, and fewer chats
By Marco Quiroz-GutierrezSeptember 20, 2026
Young worker in job interview
Success
Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive
By Emma BurleighSeptember 20, 2026
  • Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 12-18, 2026
    C-Suite
    Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 12-18, 2026
    By Fortune EditorsSeptember 18, 2026
Fortune Archive: Valley of the dollars
Newsletters
Fortune Archive: Valley of the dollars
By Nick LichtenbergSeptember 20, 2026
v
AI
The Axios founders on how AI ruined your inbox, why the ’90s really were different and how to succeed through ‘Simplify’
By Nick LichtenbergSeptember 20, 2026
Logan Brown, the founder of AI-powered law firm Soxton
Commentary
My first law firm billed clients $600 per hour for me to use my Harvard degree on data entry. Thank God AI is changing the industry
By Logan BrownSeptember 20, 2026
Richard Brown headshot
Success
Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’
By Preston ForeSeptember 20, 2026
Nebraska Cornhuskers quarterback Anthony Colandrea (10) celebrates after throwing a touchdown pass during the first quarter of the game between Bowling Green and Nebraska.
Arts & Entertainment
Even in the era of NIL, college sports are stacked against student athletes—now lack of transparency is holding them back from a ‘fair market’
By Joshua HongSeptember 20, 2026
A group of young people stand together, each with the flag of Nepal draped around their shoulders.
Economy
Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy
By Sasha RogelbergSeptember 20, 2026
Trump vows to create an ‘AI Force’ and nods to justice system after rejecting calls to slow down industry. ‘Rather, we will cherish it’
AI
Trump vows to create an ‘AI Force’ and nods to justice system after rejecting calls to slow down industry. ‘Rather, we will cherish it’
By Jason MaSeptember 19, 2026
Arbitrator says Uber was ‘vicariously liable’ for a driver’s negligence in a fatal accident, rejecting argument that the company is a tech platform
Big Tech
Arbitrator says Uber was ‘vicariously liable’ for a driver’s negligence in a fatal accident, rejecting argument that the company is a tech platform
By Hannah Fingerhut and The Associated PressSeptember 19, 2026
Lawsuit claims Anthropic, OpenAI, SpaceXAI and Google violated antitrust laws when they coordinated AI slowdown, reducing value of subscriptions
AI
Lawsuit claims Anthropic, OpenAI, SpaceXAI and Google violated antitrust laws when they coordinated AI slowdown, reducing value of subscriptions
By Kaitlyn Huamani and The Associated PressSeptember 19, 2026
California’s billionaire tax will ‘kickstart a movement’ that spreads to more states, the federal government and other countries, Nobel laureates say
Big Tech
California’s billionaire tax will ‘kickstart a movement’ that spreads to more states, the federal government and other countries, Nobel laureates say
By Jason MaSeptember 19, 2026
As AI companies get closer to ‘recursive self-improvement,’ this physics professor calls full autonomy ‘the worst idea in the history of humanity’
AI
As AI companies get closer to ‘recursive self-improvement,’ this physics professor calls full autonomy ‘the worst idea in the history of humanity’
By Kaitlyn Huamani, Barbara Ortutay and The Associated PressSeptember 19, 2026
‘Stealth wealth’ is reshaping luxury real estate: How the ultrarich buy multimillion-dollar mansions off the books
Real Estate
‘Stealth wealth’ is reshaping luxury real estate: How the ultrarich buy multimillion-dollar mansions off the books
By Sydney LakeSeptember 19, 2026
Anthropic billionaire cofounder Jack Clark studied literature, not code—and says liberal arts degrees will win in the AI age
Success
Anthropic billionaire cofounder Jack Clark studied literature, not code—and says liberal arts degrees will win in the AI age
By Marco Quiroz-GutierrezSeptember 19, 2026
Man in a suit and glasses
Startups & Venture
From BFFs to open war: Better.com’s founder vs. the investor who replaced him
By Amanda GerutSeptember 19, 2026
Pat Gelsinger and Naveen Rao: we’ve seen Silicon Valley move fast and break things, but consider the math of where we’re headed
Commentary
Pat Gelsinger and Naveen Rao: we’ve seen Silicon Valley move fast and break things, but consider the math of where we’re headed
By Pat Gelsinger and Naveen RaoSeptember 19, 2026
Blackstone bet on ZO Skin Health, a brand you won’t find at Sephora. Now it could be worth $2 billion
Retail
Blackstone bet on ZO Skin Health, a brand you won’t find at Sephora. Now it could be worth $2 billion
By Bilin LinSeptember 19, 2026
t
AI
The Gates Foundation is spending $400 million on AI in schools. Teachers warn it could ‘end up widening’ the divide it’s meant to close
By Sydney LakeSeptember 19, 2026
Scale AI and Passes founder Lucy Guo says AI is making people work harder, not less: ‘I worked a 26-hour day’
AI
Scale AI and Passes founder Lucy Guo says AI is making people work harder, not less: ‘I worked a 26-hour day’
By Marco Quiroz-GutierrezSeptember 19, 2026
‘Know your agent’: Banks face a new compliance challenge as AI agents shop and pay on their own
Asia
‘Know your agent’: Banks face a new compliance challenge as AI agents shop and pay on their own
By Nicholas GordonSeptember 19, 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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