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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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With the national debt nearing $40 trillion, Bank of America has a warning for bond investors
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Larry Page and Sergey Brin smile in front of old Google servers.
Google’s founders didn’t market test Alphabet’s name before launching the now $1.9 trillion juggernaut. Here’s the advice Steve Jobs gave Larry Page

The anniversary of Google’s IPO is on Wednesday, and Fortune looked back at the philosophy behind the founders’ brainchild.

By Sasha RogelbergAugust 19, 2026
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
Amazon drones attack suburbs nationwide as delivery pilot expanded to nearly 500 cities
By Josh Funk and The Associated PressAugust 19, 2026
Jeff Dean
Ex-Google chief scientist tells Gen Z the trick is not to master AI—instead, just ‘skim papers’
By Preston ForeAugust 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
OpenAI CEO Sam Altman with Replit CEO Amjad Masad
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’
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
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Big Tech
More in Big Tech
A Home Depot store in Atlanta, Georgia.
Home Depot’s $730 million tariff refund was largely offset by rising costs

Home Depot, Amazon, and Walmart are taking very different approaches to the tariff refunds flowing back to retailers.

By Sheryl EstradaAugust 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

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
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
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
More in Big Tech
Startups & Venture
More in Startups & Venture
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

Thrive Capital founder Joshua Kushner’s $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.

By Jason MaAugust 19, 2026
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
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 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
Current price of Ethereum for Aug. 19, 2026
Current price of Ethereum for August 19, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerAugust 19, 2026
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
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
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 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
Latest stories from Fortune
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
Energy
UAE halts all trade with Iran after new missile fire in Gulf, cutting off a key export route for Tehran
By David Rising and The Associated PressAugust 19, 2026
s
Politics
From Pennsylvania to Ohio to Texas, the governors’ races are all coming down to data centers
By Marc Levy and The Associated PressAugust 19, 2026
Multimillionaire podcaster Mel Robbins
Success
Multimillionnaire podcaster Mel Robbins says she learned the secret to spotting the most influential person in the room when she was a waitress
By Emma BurleighAugust 19, 2026
Edward P. Lazear, left, congratulates Randall S. Kroszner, center and Kevin M. Warsh, right, at the conclusion of their confirmation hearing held by the Senate Banking, Housing and Urban Affairs Committee in Washington, DC, February 14, 2006.
Economy
Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him
By Eleanor PringleAugust 19, 2026
Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
Newsletters
Hayden Panettiere helped change how women talk about mental health. After her death, consumers aren’t ready to forgive the brand that failed her
By Emma HinchliffeAugust 19, 2026
Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse
Politics
Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse
By ABDUL QAHAR AFGHAN and The Associated PressAugust 19, 2026
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
More TechPage 84 of 100
Copilot logo on a phone.
AI
Microsoft launches Copilot Health, a dedicated space for personal health data and AI-driven insights
By Beatrice NolanMarch 12, 2026
  • Mastercard logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background.
    Banking
    Most small businesses can’t afford a full-time finance chief. So Mastercard is debuting a ‘virtual CFO’ built with AI
    By Sheryl EstradaMarch 10, 2026
ruba
Commentary
Most AI investments fail—here’s what the winners get right 
By Ruba BornoMarch 12, 2026
Steven Sinofsky speaks and gestures with his hands
Newsletters
a16z exec Steven Sinofsky had murky dealings with Jeffrey Epstein in his previous life working for Microsoft
By Lily Mae LazarusMarch 12, 2026
AI is capable of remarkable feats. And has the power to kill. Meet one woman warning about the dangers ahead
Magazine
AI is capable of remarkable feats. And has the power to kill. Meet one woman warning about the dangers ahead
By Kamal AhmedMarch 12, 2026
Exclusive: Accounting startup Cryptio raises $45 million to help big firms keep track of digital assets
Crypto
Exclusive: Accounting startup Cryptio raises $45 million to help big firms keep track of digital assets
By Ben WeissMarch 12, 2026
Uber ups robotaxi bet with steering-wheel free Zoox rides in Las Vegas
Newsletters
Uber ups robotaxi bet with steering-wheel free Zoox rides in Las Vegas
By Alexei OreskovicMarch 12, 2026
  • Anthropic’s Department of War lawsuit is even higher-stakes amid the AI boom
    Newsletters
    Anthropic’s Department of War lawsuit is even higher-stakes amid the AI boom
    By Allie GarfinkleMarch 10, 2026
Oro cofounders from left: Sudhir Bhojwani, Lalitha Rajagopalan, and Yuan Tung.
Startups & Venture
Exclusive: Oro Labs, which uses AI to streamline corporate procurement, raises $100 million
By Jeremy KahnMarch 12, 2026
Elon Musk looks down with one hand pressed to his mouth.
AI
‘Proceed with caution’: Elon Musk offers warning after Amazon reportedly had mandatory meeting to address ‘high blast radius’ and AI-related incidents
By Sasha RogelbergMarch 11, 2026
This startup is helping tech giants and real estate developers find land for data centers—and using its own GPU cluster to do it
AI
This startup is helping tech giants and real estate developers find land for data centers—and using its own GPU cluster to do it
By Jessica MathewsMarch 11, 2026
Why Levi’s turned a hackathon idea into an AI tool for store employees to make denim shopping easier
Newsletters
Why Levi’s turned a hackathon idea into an AI tool for store employees to make denim shopping easier
By John KellMarch 11, 2026
electrical engineer
Success
BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage
By Preston ForeMarch 11, 2026
  • tired
    Commentary
    AI can double output. Human biology can’t
    By Scott HutchesonMarch 10, 2026
Apple CEO Tim Cook
Success
Tim Cook says late Apple cofounder Steve Jobs gave him this unforgettable advice before handing over the reins as CEO: ‘Never ask what I would do’
By Emma BurleighMarch 11, 2026
data centers
Politics
Virginia’s starting to question whether its giant tax breaks for data centers are such a good idea
By Olivia Diaz, Marc Levy and The Associated PressMarch 11, 2026
moltbook
AI
Meta transformed social networking for humans, now it’s acquiring Moltbook, the chatroom for chatbots
By The Associated PressMarch 11, 2026
Current price of Ethereum as of Wednesday, March 11, 2026
Personal Finance
Current price of Ethereum for March 11, 2026
By Joseph HostetlerMarch 11, 2026
Exclusive: Translucent, an AI-native healthcare finance startup, raises $27 million Series A
Newsletters
Exclusive: Translucent, an AI-native healthcare finance startup, raises $27 million Series A
By Allie GarfinkleMarch 11, 2026
Meta’s ex AI boss is convinced his former employer is betting on the wrong technology and he just raised $1 billion to prove it
Newsletters
Meta’s ex AI boss is convinced his former employer is betting on the wrong technology and he just raised $1 billion to prove it
By Alexei OreskovicMarch 11, 2026
hyams
Commentary
AI is the most important civil and human rights issue of our time — HBCUs need to be in the driver’s seat
By Chris Hyams and Meme StylesMarch 11, 2026
Man in a suit and tie gesturing while talking.
Banking
Oracle blows investors away with 22% ‘hyper growth’—but cash flow crunches to negative $24.7 billion
By Amanda GerutMarch 10, 2026
Polymarket taps Palantir AI to police sports betting before it’s too late
Crypto
Polymarket taps Palantir AI to police sports betting before it’s too late
By Jacqueline MunisMarch 10, 2026
zuck
Big Tech
Big tech has defeated everything for 30 years, but for the first time faces something it can’t control: a jury
By Carolina Rossini and The ConversationMarch 10, 2026
Faceless humanoid robots working on some kind of assembly line.
AI
Will AI take your job? This chart in an economic study by Anthropic may give you a hint. But the answer is complicated
By Jeremy KahnMarch 10, 2026
Photo of Jeff Dean
AI
Google and OpenAI employees back Anthropic in a legal fight that could redefine military use of AI
By Beatrice NolanMarch 10, 2026
Palantir and Paypal co-founder Peter Thiel
AI
Peter Thiel dumped Nvidia and invested $45 million into Microsoft and Apple—sending a strong signal about who will win the AI race
By Tristan BoveMarch 10, 2026
A potrait of Pichai.
C-Suite
Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on the success of two Google moonshots that aren’t making any money
By Jacqueline MunisMarch 10, 2026
jensen huang
AI
Jensen Huang says the $700 billion AI buildout is just the beginning: ‘Trillions of dollars of infrastructure still need to be built’
By Jake AngeloMarch 10, 2026
tired
Future of Work
The AI productivity paradox: More work, not less
By Nick LichtenbergMarch 10, 2026
A woman in an orange shirt sits by a computer with her fingers rubbing her temples.
AI
‘AI brain fry’ is real — and it’s making workers more exhausted, not more productive, new study finds
By Sasha RogelbergMarch 10, 2026
altman
Law
OpenAI sued by parents of girl critically wounded in Canada school shooting
By The Associated PressMarch 10, 2026
Didi Gurfinkel, Datarails Co-Founder & CEO
AI
Financial software company Datarails aims to disrupt itself with AI before someone else does with launch of new FinanceOS product
By Jeremy KahnMarch 10, 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 deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
Personal Finance
Current price of oil as of August 18, 2026placeholder alt text
By Joseph HostetlerAugust 18, 2026
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With the national debt nearing $40 trillion, Bank of America has a warning for bond investorsplaceholder alt text
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