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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

2

Current price of oil as of August 18, 2026

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Current price of silver as of Tuesday, August 18, 2026

Tech

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Startups & Venture

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

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

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 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

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

Latest stories from Fortune

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

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.

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

More TechPage 17 of 100

Artificial Intelligence technology and futuristic technology transformation

How CFOs can tell if AI is actually creating value

By Sheryl EstradaJuly 20, 2026

Workplace Culture
Esther Perel has a warning for executives: your workforce is suffering from social atrophy and AI is making it worse
By Sam BirchallJuly 17, 2026

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

ryan

I’ve interviewed 700 leaders. The ones outsourcing their thinking to AI lose their best people first

By Ryan HawkJuly 20, 2026

Pharmacy technician Brandy Leroy fills a TPN bag using the ExactaMix Pro Automated Compounding System

Startups & Venture

The FDA’s peptide vote could create telehealth’s next multibillion-dollar market

By Lily Mae LazarusJuly 20, 2026

Tarek Mansour, co-founder of Kalshi, in Washington, D.C. on Sept. 29, 2025. (Photo: Kent Nishimura/Bloomberg/Getty Images)

Thanks to $5.7 billion in Kalshi and Polymarket bets, FIFA’s World Cup final may be ‘the largest gambling event in history’

By Andrew NuscaJuly 20, 2026

Backed by Daymond John and Post Malone, this Afghan-born founder built a $150M brand. Her real mission: the women back home

By Sydney LakeJuly 20, 2026

Commentary
Former Obama official on AI anxiety and the depression nobody remembers — and the training model that gives him hope
By Jim SheltonJuly 17, 2026

Prediction markets Swell to 27% of sports bets during World Cup

Prediction markets Swell to 27% of sports bets during World Cup

By Nathaniel Popper, Chloe Cresswell and BloombergJuly 19, 2026

Korea’s AI-heavy market now sets the tone for global stocks

Korea’s AI-heavy market now sets the tone for global stocks

By Winnie Hsu, Momoka Yokoyama, Masaki Kondo and BloombergJuly 19, 2026

Andrew McAfee

MIT AI expert warns automating Gen Z entry-level jobs could backfire—and cost companies their future workforce

By Preston ForeJuly 19, 2026

A decade after the ‘Godfather of AI’ said radiologists were obsolete, their salaries are up to $571K and demand is growing fast

A decade after the ‘Godfather of AI’ said radiologists were obsolete, their salaries are up to $571K and demand is growing fast

By Marco Quiroz-GutierrezJuly 19, 2026

America’s math and reading scores tanked after schools ditched textbooks for screens—and AI could worsen the brain rot

America’s math and reading scores tanked after schools ditched textbooks for screens—and AI could worsen the brain rot

By Sasha RogelbergJuly 19, 2026

Startups & Venture
The VC betting $5.4 billion that Suno is the future of music
By Lily Mae LazarusJuly 17, 2026

Looking back at the World Cup: Fans drank Boston dry, got permanent tattoos, sold out famous BBQ joints, and drove up small business revenue

Looking back at the World Cup: Fans drank Boston dry, got permanent tattoos, sold out famous BBQ joints, and drove up small business revenue

By Catherina GioinoJuly 19, 2026

Beyond rockets and satellites, SpaceX is quietly building an AI compute business that may become key to its eye-popping valuation

Beyond rockets and satellites, SpaceX is quietly building an AI compute business that may become key to its eye-popping valuation

By Marco Quiroz-GutierrezJuly 19, 2026

data

Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

By Aaron Walayat and The ConversationJuly 19, 2026

‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic

‘Dr. Doom’ Nouriel Roubini says we’re headed for universal basic income or ‘some form of socialism’ as AI revolutionizes work—He calls that optimistic

By Jason MaJuly 18, 2026

A massive margin call and ‘push-button liquidity’ have torched stocks, but they’re now poised to rebound, top Wall Street forecaster says

A massive margin call and ‘push-button liquidity’ have torched stocks, but they’re now poised to rebound, top Wall Street forecaster says

By Jason MaJuly 18, 2026

A Chinese Pink Floyd fan is giving Claude and Chat their own DeepSeek moment — an AI model just as good and half the price

By Matt O'Brien and The Associated PressJuly 18, 2026

ives

‘I’m an example of what I’ve preached’: Dan Ives knows AI has a ‘PR problem’ but it led to his massive career change after 25 years on Wall Street

By Nick LichtenbergJuly 18, 2026

Peter Thiel just gave the public its closest look yet at his ‘Antichrist’ theory—and it’s a tech and climate regulator

By Nick LichtenbergJuly 18, 2026

Svenja Gudell, Chief Economist, Indeed

Indeed chief economist: Aging Baby Boomers are America’s real labor problem, not AI

By Svenja GudellJuly 18, 2026

SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’

SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’

By Shawn TullyJuly 18, 2026

Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts

Cybercriminals are cashing in on the World Cup by selling stolen streaming accounts

By Tatiana SatauaJuly 18, 2026

Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders

Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders

By Sydney LakeJuly 17, 2026

Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

By Tatiana SatauaJuly 17, 2026

Sarah Friar, CFO of OpenAI

OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off

By Sheryl EstradaJuly 17, 2026

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

By Nicholas GordonJuly 17, 2026

The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz

The AI boom is increasingly built on debt, but investor demand is plunging just as hyperscalers ramp up their bond blitz

By Jason MaJuly 17, 2026

Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’

By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026

Alex Karp gestures

With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises

By Preston ForeJuly 17, 2026

Netflix stock hits a 52-week low after earnings—but analysts say investors are missing the bigger picture

By Sheryl EstradaJuly 17, 2026

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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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By Orianna Rosa RoyleAugust 18, 2026

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