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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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Current price of oil as of August 18, 2026

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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil
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How the UAE has emerged as a ‘leading light’ for tokenization  
How the UAE has emerged as a ‘leading light’ for tokenization  

Coinbase’s decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate’s bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.

By Melissa HancockAugust 19, 2026
Photo of Sam Altman
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 19, 2026
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips
Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips
By Catherina GioinoAugust 19, 2026
Yevgeny Dibrov crosses his arms while wearing a suit.
Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’
By Lily Mae LazarusAugust 19, 2026
Nelson Peltz might take Wendy’s private following six straight quarterly sales declines as customers flee its poor franchise models and bad marketing
Nelson Peltz might take Wendy’s private following six straight quarterly sales declines as customers flee its poor franchise models and bad marketing
By Tatiana SatauaAugust 19, 2026
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Princeton’s ‘AI Snake Oil’ author says the real fear isn’t thinking machines—it’s that AI exposes who already knows how to think
By Nick LichtenbergAugust 19, 2026
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Big Tech
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kopp
Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation. Its founder says he wants to give CFOs back their weekends

“Our message is not that we’re coming after jobs,” Rillet CEO Nicolas Kopp told Fortune. “That’s just not correct.”

By Nick LichtenbergAugust 18, 2026
Meet the venture capital and crypto billionaires quietly bankrolling the fight against California’s wealth tax

Campaign finance records show at least four billionaires quietly funding the opposition—and the fight is only growing stronger

By Mia OsmonbekovAugust 18, 2026
Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’

Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.

By Preston ForeAugust 18, 2026
OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips

Circular financing concerns revolve around the chip-maker’s investment into OpenAI’s data center lease.

By Joshua HongAugust 18, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
Man speaks into a microphobe
AI gets its own “boiler room” scandal

The SEC accuses a Long Island firm of running a $74 million boiler room that sold retirees marked-up shares in Anduril, Anthropic, Perplexity, and SpaceX.

By Allie GarfinkleAugust 18, 2026
A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he’s a billionaire who says the American Dream isn’t dead

Billionaire Palmer Luckey sold Oculus to Facebook for $2 billion by 21 years old—and says that kind of break “isn’t happening in China.”

By Orianna Rosa RoyleAugust 18, 2026
Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

James Dacombe, the 25-year-old behind AI chipmaker Olix and brain monitoring startup CoMind, says being young and “naive” was a career advantage.

By Emma BurleighAugust 17, 2026
Andreessen Horowitz focus of DOJ probe over board directors

Andreessen Horowitz has closely aligned itself with the second Trump administration.

By Josh Sisco, Natasha Mascarenhas and BloombergAugust 17, 2026
More in Startups & Venture
AI
More in AI
Anthropic CEO Dario Amodei.
David Sacks says Anthropic’s Dario Amodei wants a ‘DMV for AI.’ But plenty of industries thrive despite safety regulation

Amodei took to social media to defend his approach to regulation and his discussion of AI risks following criticism from investor Gavin Baker.

By Jeremy KahnAugust 18, 2026
OpenAI says it paused AI training for two weeks and announces new security protocols following Hugging Face hack

The AI company says its unreleased Astra model presents a “critical” cybersecurity risk and it has put its largest training runs on hold while it tests new safety procedures.

By Emily ForliniAugust 18, 2026
The finance skills that are becoming more and more critical in the AI age

Finance leads Heidrick & Struggles’ list of the 15 most in-demand skills amid the rapid rise of AI.

By Sheryl EstradaAugust 18, 2026
Meet OpenAI’s ChatGPT for Teens, which doesn’t talk about sex or suicide and gives you homework help instead

OpenAI doesn’t verify users’ ages, but it already uses age assurance to estimate if someone is under 18 based on factors such as their types of queries.

By Barbara Ortutay and The Associated PressAugust 18, 2026
More in AI
Innovation
More in Innovation
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

Last year, Japan began a push to reboot its innovation engine with a plan to channel $2.3 trillion in investments to 17 strategic sectors by 2040.

By Angelica AngAugust 18, 2026
Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind

Unitree may be smaller and younger compared to Shein. But in the eyes of investors, the robot maker is the more exciting bet.

By Nicholas GordonAugust 17, 2026
Billionaire founder agrees with Elon Musk, Sam Altman, and Jeff Bezos: We will live and work in space—and could be commuting to the moon by 2030

“We’ll have a moon base, people living and working on the moon,” says billionaire Voyager Technologies founder Dylan Taylor.

By Orianna Rosa RoyleAugust 17, 2026
Wispr talks its way to a $2 billion valuation. The company says dictation’s only the beginning

Wispr has raised $280 million in its Menlo Ventures-led Series B, as it looks beyond dictation.

By Allie GarfinkleAugust 17, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Data center gas plants to boost U.S. power emissions by 20%
Data center gas plants to boost U.S. power emissions by 20%

Ninety-nine proposed gas plants to power AI data centers could lift emissions by up to a third, with Amazon and Microsoft among the developers

By Matt Day, Mark Chediak and BloombergAugust 18, 2026
Meta heads to child safety trial facing financial damages as large as $1.4 trillion

Four states want penalties that approach Meta’s market value, but the lasting threat is a court-ordered overhaul of Facebook and Instagram for young users.

By Barbara Ortutay and The Associated PressAugust 17, 2026
Jimmy Wales: ‘AI can generate answers. It still can’t earn trust’

The leadership lesson of Wikipedia.

By Ioanna ThomaAugust 16, 2026
Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI

A KPMG audit appears to establish the legitimacy of Tether’s reserves. Meanwhile, the company’s ambitions are scaling far beyond crypto.

By Jeff John RobertsAugust 17, 2026
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Latest stories from Fortune
Coinbase establishes Abu Dhabi tokenization hub  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
A working businessman at a desk
Newsletters
For CEOs, retirement is the ultimate performance review—and 60% are failing it
By Phil WahbaAugust 19, 2026
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
Law
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
By Tatiana SatauaAugust 19, 2026
Mortgage rates today, Aug. 19, 2026
Personal Finance
Mortgage rates today, Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current refi mortgage rates report for Aug. 19, 2026
Personal Finance
Current refi mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current ARM mortgage rates report for Aug. 19, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans
Success
USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans
By Sydney LakeAugust 19, 2026
Home equity loan and HELOC rates: Aug. 19, 2026
Personal Finance
Today’s home equity loan and HELOC rates, August 19, 2026
By Joseph HostetlerAugust 19, 2026
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Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow
AI
Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow
By Angelica AngJuly 29, 2026
  • A Kirin 9000s chip fabricated in China by Semiconductor Manufacturing International Corp. (SMIC), taken from a Huawei Technologies Co. Mate 60 Pro smartphone, photographed on Sept. 3, 2023. (Photo: James Park/Bloomberg/Getty Images)
    Newsletters
    A Chinese firm has begun manufacturing chipmaking machines, putting ASML and the world on notice
    By Andrew NuscaJuly 28, 2026
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
Economy
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
By Nicholas GordonJuly 29, 2026
Trump, Sam Altman, and Demis Hassibis at the G7.
AI
More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington’s help building an AI slowdown plan
By Beatrice NolanJuly 29, 2026
sam altman looks down while reporters ask questions
Cybersecurity
Hugging Face drops in-depth hack report, while OpenAI gives us 7 bullets. Here’s what we know now, and what remains a mystery
By Emily ForliniJuly 29, 2026
Photo of humanoid robot waving Chinese national flags
Innovation
China’s robot makers shipped 25x more units than U.S. rivals in 2025, so America banned them
By The Associated Press and Chan Ho-HimJuly 29, 2026
sally
Innovation
An Upstate New York school district bought a $60K robot teacher that looks uncomfortably like a sex doll
By Philip Marcelo and The Associated PressJuly 29, 2026
  • No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
    Magazine
    No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue
    By Kristin StollerJuly 28, 2026
An iPhone showing a display of an events contract on Polymarket.
Startups & Venture
Exclusive: Polymarket launches institute to fund independent academic research on prediction markets
By Camila Grigera NaónJuly 29, 2026
Nnamdi Iregbulem is a partner at Lightspeed Venture Partners
Commentary
Button-mashing never worked in StarCraft. Tokenmaxxing won’t work in AI
By Nnamdi IregbulemJuly 29, 2026
Computer language, Token is the basic unit of AI large models
AI
CFOs are hitting a ‘cost wall’ on AI
By Sheryl EstradaJuly 29, 2026
Daniel Nadler wears a black shirt, smiles, and speaks into an earpiece microphone
AI
A new medical AI study found the same flaw in OpenEvidence, OpenAI, Anthropic, and Doximity
By Lily Mae LazarusJuly 29, 2026
Sam Altman walking
AI
The runaway OpenAI models that hacked Hugging Face also breached a customer at a second tech company during a weeklong spree
By Beatrice NolanJuly 29, 2026
  • Can a global car company survive today’s complicated world? Nissan hopes to find out
    Magazine
    Can a global car company survive today’s complicated world? Nissan hopes to find out
    By Andrew StaplesJuly 28, 2026
AI CEOs: Start your essays!
Newsletters
AI CEOs: Start your essays!
By Alexei OreskovicJuly 29, 2026
Current price of Ethereum for July 29, 2026
Personal Finance
Current price of Ethereum for July 29, 2026
By Joseph HostetlerJuly 29, 2026
Elon Musk
Big Tech
Elon Musk said money doesn’t matter. Then he rolled out X Money and admitted he’s a ‘former trillionaire’
By Catherina GioinoJuly 29, 2026
js
Success
‘We’re on top of every restock’: This 24-year-old has made over $4 million off his subscription-based reselling community
By Joshua HongJuly 29, 2026
henrik
Commentary
I was Spotify’s first analytics lead. Here is what VCs get wrong about data
By Henrik LandgrenJuly 29, 2026
FIFA’s plan to raise billions from investors is sparking a backlash: One insider says Europe is angry as it could change soccer’s balance of power
Startups & Venture
FIFA’s plan to raise billions from investors is sparking a backlash: One insider says Europe is angry as it could change soccer’s balance of power
By Allie GarfinkleJuly 28, 2026
TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom
Asia
TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom
By Angelica AngJuly 28, 2026
Nvidia’s Jensen Huang says AI is killing tasks not jobs—and the white-collar bloodbath narrative gets the future of work ‘exactly backwards’
Future of Work
Nvidia’s Jensen Huang says AI is killing tasks not jobs—and the white-collar bloodbath narrative gets the future of work ‘exactly backwards’
By Marco Quiroz-GutierrezJuly 28, 2026
Coinbase and Robinhood are in a heated battle rivalry—and this week’s Q2 earnings will show who has the edge
Crypto
Coinbase and Robinhood are in a heated battle rivalry—and this week’s Q2 earnings will show who has the edge
By Jeff John RobertsJuly 28, 2026
Photo of Trump and Xi Jinping
Politics
Trump administration weighs spending nearly half a billion to counter China’s global influence after DOGE cuts halted some initiatives
By The Associated Press and Matthew LeeJuly 28, 2026
Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2026 in New York.
Big Tech
‘A lot of panic around the AI investment’: How a chip slump is driving the Nasdaq toward correction 
By Eva RoytburgJuly 28, 2026
Top AI companies say they want Chinese models to stay available. Is it genuine?
Newsletters
Top AI companies say they want Chinese models to stay available. Is it genuine?
By Emily ForliniJuly 28, 2026
helen
Commentary
Helen Toner: the Hugging Face hack was just a matter of time and exposes a huge blind spot in AI policy
By Helen TonerJuly 28, 2026
Instagram cracks down on growing ‘pervert glasses’ problem with Meta Ray-Bans
Cybersecurity
Instagram cracks down on growing ‘pervert glasses’ problem with Meta Ray-Bans
By Tatiana SatauaJuly 28, 2026
Worker in a full cleanroom suit uses a wafer manufacturing tool.
Success
In South Korea, teenagers are skipping college for semiconductor school—they’re landing six-figure Samsung jobs at 17 and bonuses of up to $400,000
By Preston ForeJuly 28, 2026
The IPO hype cycle returns
Magazine
The IPO hype cycle returns
By Sam ForsdickJuly 28, 2026
arnault
C-Suite
Bernard Arnault is denying a family rift—and any kind of real-life Succession. LVMH earnings tell a stranger story
By Mia OsmonbekovJuly 28, 2026
A smartphone displaying the logo of The Bank of New York Mellon Corporation (BNY) in front of a BNY brand background.
AI
BNY skipped the ‘tokenmaxxing’ craze. Here’s what AI metrics it tracks instead
By Sheryl EstradaJuly 28, 2026
Greg Brockman on the week two OpenAI AI models went rogue
Newsletters
Greg Brockman on the week two OpenAI AI models went rogue
By Allie GarfinkleJuly 28, 2026
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