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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
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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The ‘death of SaaS’ could be the best thing to ever happen to SaaS M&A
Newsletters
The ‘death of SaaS’ could be the best thing to ever happen to SaaS M&A
By Allie GarfinkleMarch 31, 2026
  • I helped build Facebook and saw it go wrong. AI is headed the same way
    Commentary
    I helped build Facebook and saw it go wrong. AI is headed the same way
    By Justin RosensteinMarch 29, 2026
Peter Doyle (left) and Hussain Kader smile
AI
Exclusive: Treeline raises $25 million in  Andreessen Horowitz-led funding to streamline IT services with AI
By Lily Mae LazarusMarch 31, 2026
Varun Sivaram, chief executive officer of Emerald AI, at the CERAWeek by S&P Global conference in Houston, Texas, US, on Thursday, March 26, 2026. The event convenes more than 10,000 participants from over 2,350 companies across 89 countries for dialogue on the agenda ahead as the world enters a new era of energy transition. Photographer: Aaron M. Sprecher/Bloomberg via Getty Images
AI
Emerald AI and Nvidia aim to offer the fast pass for data center grid connects, partnering with power producers and raising new funds
By Jordan BlumMarch 31, 2026
Sycophantic AI tells users they’re right 49% more than humans do, and a Stanford study claims it’s making them worse people
AI
Sycophantic AI tells users they’re right 49% more than humans do, and a Stanford study claims it’s making them worse people
By Marco Quiroz-GutierrezMarch 31, 2026
Microsoft revamps Copilot—with Anthropic
Newsletters
Microsoft revamps Copilot—with Anthropic
By Alexei OreskovicMarch 31, 2026
America and Europe have taken different routes on trying to ‘control AI.’ The results are stark
Magazine
America and Europe have taken different routes on trying to ‘control AI.’ The results are stark
By Francesca CassidyMarch 31, 2026
  • boss
    Future of Work
    Top leadership experts sound the alarm on the AI doomsday: bosses are choosing tech over people
    By Nick LichtenbergMarch 29, 2026
Woman using smartphone and laptop at home
Personal Finance
Most Americans would rather ditch social media than their beloved banking apps, Wells Fargo survey says
By Jacqueline MunisMarch 30, 2026
Laura Swett, chairwoman of the Federal Energy Regulatory Commission (FERC), at the CERAWeek by S&P Global conference in Houston, Texas, US, on Thursday, March 26, 2026. The event convenes more than 10,000 participants from over 2,350 companies across 89 countries for dialogue on the agenda ahead as the world enters a new era of energy transition. Photographer: Aaron M. Sprecher/Bloomberg via Getty Images
Energy
Hyperscalers often lack the ‘aptitude’ on power as the political push picks up to expedite grid connections and pipelines
By Jordan BlumMarch 30, 2026
Several pints of Guinness lined up on a bar
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
By Jake AngeloMarch 30, 2026
Elon Musk is escalating his feud with a Delaware judge over a ‘heart’ on a LinkedIn post
Law
Elon Musk is escalating his feud with a Delaware judge over a ‘heart’ on a LinkedIn post
By Jacqueline MunisMarch 30, 2026
Chris Power
Success
A CEO trying to reindustrialize America says blue-collar pay is headed for ‘massive hyperinflation’ and kids should skip college to become welders
By Jake AngeloMarch 30, 2026
  • Jensen Huang looks to his right while onstage at Nvidia GTC.
    Investing
    One AI bubble has already burst. The next one—a ‘rare’ kind—is still growing, economist warns
    By Sasha RogelbergMarch 29, 2026
Photo of Mark Zuckerberg (left), Lauren Sánchez Bezos (center), and Jeff Bezos
Success
Even billionaires aren’t safe: This year’s market slump has wiped $75 billion from the wealth of Jeff Bezos and Mark Zuckerberg
By Preston ForeMarch 30, 2026
leagh
Commentary
I’m a CEO who oversees $9.5 trillion in spend data. AI’s winners are already decided
By Leagh TurnerMarch 30, 2026
Ex–Blackstone staffers raise $25 million for startup Valinor, which aims to put private credit on the blockchain
Crypto
Ex–Blackstone staffers raise $25 million for startup Valinor, which aims to put private credit on the blockchain
By Ben WeissMarch 30, 2026
Oliver Kharraz, CEO of Zocdoc, sits on a couch.
Newsletters
AI is reshaping the doctor visit—just not how you think
By Lily Mae LazarusMarch 30, 2026
War against Iran to escalate as we approach six-week ‘TACO’ timetable, analysts say
Economy
War against Iran to escalate as we approach six-week ‘TACO’ timetable, analysts say
By Jim EdwardsMarch 30, 2026
The humbling of Big Tech’s ‘Magnificent Seven’
Newsletters
The humbling of Big Tech’s ‘Magnificent Seven’
By Alexei OreskovicMarch 30, 2026
Dell’s CFO is using AI agents to run his finance team—and has helped the AI business go from $0 to $25 billion
AI
Dell’s CFO is using AI agents to run his finance team—and has helped the AI business go from $0 to $25 billion
By Sheryl EstradaMarch 30, 2026
This ex-Google CMO quit at 28 years old with a seven-figure equity package and says climbing the ladder was easy: ‘I just disregarded all the rules’
Success
This ex-Google CMO quit at 28 years old with a seven-figure equity package and says climbing the ladder was easy: ‘I just disregarded all the rules’
By Orianna Rosa RoyleMarch 30, 2026
Nvidia CEO Jensen Huang
AI
Nvidia’s Jensen Huang says ‘We’ve achieved AGI.’ But no one can agree on what that means. Why the most important term in tech remains hotly debated
By Jeremy KahnMarch 30, 2026
Private equity is eying Asia’s health care funding gap as countries get wealthier and older
Investing
Private equity is eying Asia’s health care funding gap as countries get wealthier and older
By Angelica AngMarch 29, 2026
Amazon buys Fauna Robotics, maker of the Sprout humanoid robot that can dance, pick up toys, and go on a stroll
AI
Amazon buys Fauna Robotics, maker of the Sprout humanoid robot that can dance, pick up toys, and go on a stroll
By The Associated PressMarch 29, 2026
iran
Cybersecurity
‘There are a lot more attacks happening that aren’t being reported’: Iran’s cyber response creeps across the globe
By David Klepper and The Associated PressMarch 29, 2026
lanzone
AI
Yahoo CEO Jim Lanzone on ‘the white whale of turnarounds’ and turning to AI—licensed from Anthropic
By Michael Liedtke and The Associated PressMarch 29, 2026
sony
Politics
Sony raises PlayStation price another $100, second price hike in under a year
By Matt Ott and The Associated PressMarch 29, 2026
big tech
Environment
Big tech was embracing clean energy and turning a corner on climate change. Then AI data centers arrived
By Tammy Webber and The Associated PressMarch 29, 2026
Traders work on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City.
Big Tech
The Iran war turned Mag 7 stocks into dip-buying bait. But no one is jumping in yet even though Wall Street expects U.S. tech to outperform
By Eva RoytburgMarch 29, 2026
AI
AI
AI is so sycophantic there’s a Reddit channel called ‘AITA’ documenting its sociopathic advice
By Matt O'Brien and The Associated PressMarch 29, 2026
Photo of Elon Musk
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergMarch 29, 2026
shamny
Commentary
AI agents are already driving 10% of revenue for some brands. Is yours invisible to them?
By Aviv ShamnyMarch 29, 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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 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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