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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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Current price of silver as of Tuesday, August 18, 2026
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OpenAI CEO Sam Altman with Replit CEO Amjad Masad
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’

An 80% reduction in the cost of tokens for OpenAI’s Luna allowed Replit to roll out the new service, which despite its ‘free’ name, still requires a monthly subscription.

By Emily ForliniAugust 19, 2026
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
By Nicholas GordonAugust 19, 2026
a woman rides an ALSO autonomous bike
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
By Lily Mae LazarusAugust 19, 2026
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
By Jason MaAugust 19, 2026
A Home Depot store in Atlanta, Georgia.
Home Depot’s $730 million tariff refund was largely offset by rising costs
By Sheryl EstradaAugust 19, 2026
Current price of Ethereum for Aug. 19, 2026
Current price of Ethereum for August 19, 2026
By Joseph HostetlerAugust 19, 2026
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Big Tech
More in Big Tech
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

Peltz spent two decades helping shape Wendy’s into the burger conglomerate it is today. Now he’s considering buying the rest of the struggling chain.

By Tatiana SatauaAugust 19, 2026
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
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
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
More in Big Tech
Startups & Venture
More in Startups & Venture
Yevgeny Dibrov crosses his arms while wearing a suit.
Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’

The deal for Yevgeny Dibrov’s Armis was Israel’s second-largest tech startup exit ever.

By Lily Mae LazarusAugust 19, 2026
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
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
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
More in Startups & Venture
AI
More in AI
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

Nevada capped Tesla’s fleet at a fraction of its request and kept it away from Harry Reid airport.

By Catherina GioinoAugust 19, 2026
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

Princeton’s Arvind Narayanan says his students are “in a bind.” How much should they use AI versus resist it to build up their own skills?

By Nick LichtenbergAugust 19, 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
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
More in AI
Innovation
More in Innovation
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
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
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
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
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
More in Cybersecurity
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Current price of gold as of August 19, 2026
Personal Finance
Current price of gold as of August 19, 2026
By Danny BakstAugust 19, 2026
chips
Future of Work
Even potato-chip tasters are temporary in the economy of 2026 — there’s nearly 57 million of these ‘disposable workers’
By Paul Osterman and The ConversationAugust 19, 2026
Current price of silver as of Wednesday, Aug. 19, 2026
Personal Finance
Current price of silver as of Wednesday, August 19, 2026
By Joseph HostetlerAugust 19, 2026
Current price of oil as of Aug. 19, 2026
Personal Finance
Current price of oil as of August 19, 2026
By Joseph HostetlerAugust 19, 2026
Current price of Bitcoin for Aug. 19, 2026
Personal Finance
Current price of Bitcoin for August 19, 2026
By Joseph HostetlerAugust 19, 2026
Top CD rates from major banks Aug. 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 19, 2026
Photo: President Trump.
Newsletters
Iran has Trump right where it wants him and suggests he seek ‘a dignified exit’
By Jim EdwardsAugust 19, 2026
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 19, 2026
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Hugging Face CEO Clément Delangue (center) on Capitol Hill on September 13, 2023 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)
Newsletters
OpenAI: Our models accidentally compromised Hugging Face
By Andrew NuscaJuly 22, 2026
  • Artificial Intelligence technology and futuristic technology transformation
    C-Suite
    How CFOs can tell if AI is actually creating value
    By Sheryl EstradaJuly 20, 2026
Sam Altman and Jony Ive formed a dream team to reinvent hardware. Now it’s at the center of a battle for OpenAI’s future
Big Tech
Sam Altman and Jony Ive formed a dream team to reinvent hardware. Now it’s at the center of a battle for OpenAI’s future
By Emily Forlini and Sebastian HerreraJuly 22, 2026
After SpaceX’s $2 trillion debut, investors are eyeing Anthropic and OpenAI. Market experts share how to play the next trillion-dollar IPO
Magazine
After SpaceX’s $2 trillion debut, investors are eyeing Anthropic and OpenAI. Market experts share how to play the next trillion-dollar IPO
By Amanda GerutJuly 22, 2026
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment
C-Suite
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment
By Catherina GioinoJuly 22, 2026
t
AI
Billionaire Mike Bloomberg warns Trump’s AI ownership plan would make ‘George Orwell blush’
By Eva RoytburgJuly 21, 2026
U.N. reports Southeast Asia’s criminal networks are using tech to build a global illicit economy
Asia
U.N. reports Southeast Asia’s criminal networks are using tech to build a global illicit economy
By The Associated PressJuly 21, 2026
  • uk
    Politics
    France wants to ban social media for kids — but Brussels says the bill breaks EU law
    By Samuel Petrequin and The Associated PressJuly 20, 2026
Anthropic to pay authors $1.5 billion over pirated books used to train Claude in first major AI copyright settlement
Law
Anthropic to pay authors $1.5 billion over pirated books used to train Claude in first major AI copyright settlement
By The Associated PressJuly 21, 2026
kid lying down on phone
Politics
Lawmakers say they’re protecting kids—but their age checks are quietly building an ID requirement for the entire internet
By Catherina GioinoJuly 21, 2026
holland
Arts & Entertainment
‘The audience is telling the industry something’: even IMAX is stunned by Christopher Nolan’s runaway ‘Odyssey’
By Tatiana SatauaJuly 21, 2026
OpenAI CEO Sam Altman looking up.
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
Innovation
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
By Jeff John RobertsJuly 21, 2026
  • ryan
    Commentary
    I’ve interviewed 700 leaders. The ones outsourcing their thinking to AI lose their best people first
    By Ryan HawkJuly 20, 2026
Kid watching social media
Politics
France adopts bill to ban kids under 15 from using social media
By The Associated PressJuly 21, 2026
Christopher Nolan interacts with fans at Odyssey premier
Arts & Entertainment
‘He’s an analog man in a digital AI world’: Nolan’s ‘The Odyssey’ made back its $250M budget in 3 days without industrywide AI cost cutting
By Mia OsmonbekovJuly 21, 2026
Google DeepMind CEO Demis Hassabis
AI
A FINRA for AI? The idea from Google DeepMind CEO Demis Hassabis is gaining momentum. But is it any good?
By Jeremy KahnJuly 21, 2026
Two students stand next to each other and look at the papers they are holding.
AI
Study finds AI boosted homework scores 18%—then tanked exam results 20%
By Sasha RogelbergJuly 21, 2026
math
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
kalshi
Crypto
Kalshi’s ‘chronically online’ war room figured out World Cup virality — and realized AI might be bringing back the monoculture
By Nick LichtenbergJuly 21, 2026
fl
North America
Trump-backed hopeful to succeed DeSantis unveils plan to protect local water, electricity from data centers
By Matt Brown and The Associated PressJuly 21, 2026
Bolt CEO Ryan Breslow
Commentary
The CEO who fired HR was right. About the wrong thing.
By KeyAnna SchmiedlJuly 21, 2026
‘We all failed’: Former Disney CEO Michael Eisner on Hollywood, video games and the big question of IP
Arts & Entertainment
‘We all failed’: Former Disney CEO Michael Eisner on Hollywood, video games and the big question of IP
By Joshua HongJuly 21, 2026
Jersey Mike's Subs restaurant.
C-Suite
Jersey Mike’s tests how far investors will stretch on restaurant IPO valuations
By Sheryl EstradaJuly 21, 2026
all five founders of SkyPilot pose for a photo
Startups & Venture
SkyPilot, from Databricks’ cofounder, raises $20M to be the Switzerland of AI compute
By Lily Mae LazarusJuly 21, 2026
chad
AI
Exclusive: KPMG and OpenAI bet the future of software is ‘headless’ — and the future of work is mostly talking
By Nick LichtenbergJuly 21, 2026
Yang Zhilin, co-founder of Moonshot AI, in Beijing, China on March 25, 2026. (Photo: VCG/Getty Images)
Newsletters
What will the White House do about China’s new open weight AI models?
By Andrew NuscaJuly 21, 2026
$5 billion CEO says unemployed Gen Z should be out 3 days a week building their network: ‘Sometimes those jobs you want, they’re never published’
Success
$5 billion CEO says unemployed Gen Z should be out 3 days a week building their network: ‘Sometimes those jobs you want, they’re never published’
By Orianna Rosa RoyleJuly 21, 2026
A Jersey Mike's logo is displayed outside one of their stores in San Diego, California.
Investing
Jersey Mike’s IPO valuation could reach eight times Sweetgreen’s market cap
By Sheryl EstradaJuly 21, 2026
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
AI
LaLiga president says tech is already making the fan experience better, and it could solve football’s money problem too
By Catherina GioinoJuly 20, 2026
A 13-year-old teenage boy looks at an iPhone screen displaying various social media apps.
Politics
French President Macron backs effort to ban kids under 15 from social media before departing office next year
By The Associated Press and Samuel PetrequinJuly 20, 2026
Photo of Hugging Face cofounder and CEO Clement Delangue.
Cybersecurity
Hugging Face says it resorted to a Chinese AI model to battle a fully autonomous cyberattack because U.S. model guardrails stymied its defense
By Emily ForliniJuly 20, 2026
Sumeet Agrawal is VP of Product Management (Data, AI Governance & Context Engineering for Agentic Systems) at Salesforce.
Commentary
Salesforce VP on the leaky AI pipeline: why cheaper tokens won’t fix enterprise AI
By Sumeet AgrawalJuly 20, 2026
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