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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
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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
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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
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Current price of Bitcoin for Aug. 19, 2026
Personal Finance
Current price of Bitcoin for August 19, 2026
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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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McDonald’s CEO did a burger taste test that became a cautionary tale for execs. But there’s a silver lining
C-Suite
McDonald’s CEO did a burger taste test that became a cautionary tale for execs. But there’s a silver lining
By Rachel VentrescaMarch 6, 2026
  • Lenovo’s CIO says patience is a virtue in AI investing, but the clock is ticking
    Newsletters
    Lenovo’s CIO says patience is a virtue in AI investing, but the clock is ticking
    By John KellMarch 4, 2026
travis
Commentary
I help manage one of the world’s most constrained supply chains, up close to the defining energy bottleneck of the decade
By Travis EdmondsMarch 6, 2026
This VC backed CrowdStrike and Anduril. His due diligence starts with your parents
Big Tech
This VC backed CrowdStrike and Anduril. His due diligence starts with your parents
By Allie GarfinkleMarch 6, 2026
Venture dollars to female founders doubled to a record $73 billion last year—but Anthropic and Scale AI skewed the data
AI
Venture dollars to female founders doubled to a record $73 billion last year—but Anthropic and Scale AI skewed the data
By Lily Mae LazarusMarch 6, 2026
The Block Ink logo is displayed on a mobile phone with the company's bran
AI
Exclusive: Block’s CFO explains the AI leaps over 18 months that led to the decision to slash nearly half its workforce 
By Sheryl EstradaMarch 6, 2026
Anthropic’s investors could be the key to ending its Pentagon standoff—but some investors have opposite views
AI
Anthropic’s investors could be the key to ending its Pentagon standoff—but some investors have opposite views
By Jessica MathewsMarch 5, 2026
  • Dara Khosrowshahi, chief executive officer of Uber Technologies
    Success
    Uber CEO says his ‘really demanding’ work culture includes expecting employees to answer his emails over the weekend: ‘Don’t come here if you want to coast’
    By Emma BurleighMarch 4, 2026
Google’s AI chatbot convinced a man they were in love. It then allegedly told him to stage a ‘mass casualty attack’ in newly released lawsuit
AI
Google’s AI chatbot convinced a man they were in love. It then allegedly told him to stage a ‘mass casualty attack’ in newly released lawsuit
By Jake AngeloMarch 5, 2026
Silicon Valley legend Vinod Khosla has ‘no plans to leave California’ amid billionaire tax uproar—but he has another idea to fix the wealth loophole
Startups & Venture
Silicon Valley legend Vinod Khosla has ‘no plans to leave California’ amid billionaire tax uproar—but he has another idea to fix the wealth loophole
By Nick LichtenbergMarch 5, 2026
Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI
The Anthropic–OpenAI feud and their Pentagon dispute expose a deeper problem with AI safety
By Sharon GoldmanMarch 5, 2026
Sam Altman speaking.
AI
OpenAI launches GPT-5.4, its most powerful model for enterprise work—and a direct shot at Anthropic
By Beatrice NolanMarch 5, 2026
shlomo
Commentary
Tech billionaire Shlomo Kramer: the cyber selloff proved that Wall Street can’t price tech anymore
By Shlomo KramerMarch 5, 2026
  • three men pose for photo
    Crypto
    Exclusive: Cyclops raises $8 million to build stablecoin infrastructure for payments companies
    By Carlos GarciaMarch 4, 2026
Palantir CEO’s rant about the Anthropic-Pentagon feud threatening his company was about a lot more than a dirty word
AI
Palantir CEO’s rant about the Anthropic-Pentagon feud threatening his company was about a lot more than a dirty word
By Catherina GioinoMarch 5, 2026
zuckerberg
Law
Mark Zuckerberg, Adam Mosseri’s words used against them in never-before-seen videos airing in addiction trial
By Morgan Lee and The Associated PressMarch 5, 2026
gavalas
AI
Google Gemini was a deadly ‘AI wife’ for this 36-year-old who resisted its call for a ‘mass casualty’ event before his death, lawsuit says
By Matt O'Brien and The Associated PressMarch 5, 2026
dell
Commentary
Time on his side: Michael Dell the real business icon as Icahn the activist recedes from view
By Jeffrey Sonnenfeld and Steven TianMarch 5, 2026
The world’s largest tech gathering is talking about ‘accountability laundering’: Here’s why we should christen them Words of the Year
AI
The world’s largest tech gathering is talking about ‘accountability laundering’: Here’s why we should christen them Words of the Year
By Kamal AhmedMarch 5, 2026
Photo: Volunteers stand amid the debris of destroyed buildings at the site of an Israeli airstrike in the southern Lebanese city of Nabatieh on March 5, 2026. Israel launched on March 5 a fresh wave of strikes on Iran, which stepped up its attacks on Gulf nations Qatar and Bahrain, as the Middle East war spread throughout the region and beyond. (Photo by Mouhammad al-ZANATY / AFP)
Politics
In the Iran war, it’s not the oil that’s important—it’s the water
By Jim EdwardsMarch 5, 2026
Exclusive: NYSE parent company invests in crypto exchange OKX at $25 billion valuation as part of push into blockchain-based stocks
Newsletters
Exclusive: NYSE parent company invests in crypto exchange OKX at $25 billion valuation as part of push into blockchain-based stocks
By Ben WeissMarch 5, 2026
Exclusive: The Pentagon is committing $150M to a maritime-tech VC fund and appears to be ramping up venture deals
Startups & Venture
Exclusive: The Pentagon is committing $150M to a maritime-tech VC fund and appears to be ramping up venture deals
By Jessica MathewsMarch 5, 2026
office
Future of Work
‘The ideal number of human employees inside of any company is zero’: Why AI gives company owners what they think they want
By Nick LichtenbergMarch 5, 2026
Like OpenAI, Google’s AI chatbot is being accused of wrongful death in a tragic story
Newsletters
Like OpenAI, Google’s AI chatbot is being accused of wrongful death in a tragic story
By Alexei OreskovicMarch 5, 2026
vradenburg
Commentary
Poor brain health costs the world economy $5 trillion a year. The world is waking up to the crisis
By George VradenburgMarch 5, 2026
Korean startup Wrtn is on track to pass $100M in annual recurring revenue, riding a loneliness-epidemic-fueled boom in AI entertainment
Asia
Korean startup Wrtn is on track to pass $100M in annual recurring revenue, riding a loneliness-epidemic-fueled boom in AI entertainment
By Nicholas GordonMarch 5, 2026
SpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs combined
Investing
SpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs combined
By Shawn TullyMarch 5, 2026
Studio portrait of Leopold Aschenbrenner
Investing
Why Leopold Aschenbrenner’s AI hedge fund is betting big on power companies and Bitcoin miners to fuel the ‘superintelligence’ race
By Sharon GoldmanMarch 5, 2026
Current price of Ethereum for March 4, 2026
Personal Finance
Current price of Ethereum for March 4, 2026
By Joseph HostetlerMarch 4, 2026
erik
Future of Work
Top AI economist who found ‘significant and disproportionate impact’ on entry-level jobs finds link between robots and minimum wage hikes
By Nick LichtenbergMarch 4, 2026
Exclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say
Crypto
Exclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say
By Ben Weiss and Leo SchwartzMarch 4, 2026
Viral deepfake ad casts Musk, Bezos, and Altman as corpulent overlords powering AI on human sweat. Its creator says the best jokes tell the truth
AI
Viral deepfake ad casts Musk, Bezos, and Altman as corpulent overlords powering AI on human sweat. Its creator says the best jokes tell the truth
By Marco Quiroz-GutierrezMarch 4, 2026
OpenAI's head of Codex, Thibault Sottiaux
AI
OpenAI sees Codex users spike to 1.6 million, positions coding tool as gateway to AI agents for business
By Jeremy KahnMarch 4, 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
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