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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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Startups & Venture

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

Current price of Ethereum for Aug. 19, 2026

Current price of Ethereum for August 19, 2026

By Joseph HostetlerAugust 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

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

How the UAE has emerged as a ‘leading light’ for tokenization

How the UAE has emerged as a ‘leading light’ for tokenization

By Melissa HancockAugust 19, 2026

Photo of Sam Altman

OpenAI hits pause on training in Hugging Face aftermath

By Lily Mae LazarusAugust 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

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

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

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

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

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

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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Personal Finance

Current price of silver as of Wednesday, August 19, 2026

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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

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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.

Iran has Trump right where it wants him and suggests he seek ‘a dignified exit’

By Jim EdwardsAugust 19, 2026

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Personal Finance

Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%

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Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026

Personal Finance

Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026

By Glen Luke FlanaganAugust 19, 2026

Coinbase establishes Abu Dhabi tokenization hub

Coinbase establishes Abu Dhabi tokenization hub

By Melissa HancockAugust 19, 2026

More TechPage 88 of 100

altman

Sam Altman turned down a documentary’s requests to talk. So the director cast a ‘Sam Bot’ as its protagonist

By Michael Liedtke and The Associated PressMarch 4, 2026

Commentary
Europe doesn’t lack tech talent. Its leaders lack execution
By Wolfgang OelsMarch 3, 2026

The French AI startup gunning for Workday, Oracle, and SAP

The French AI startup gunning for Workday, Oracle, and SAP

By Lily Mae LazarusMarch 4, 2026

Fortune Editor-in-Chief Alyson Shontell and Khosla Ventures Founder Vinod Khosla: Graphic for Fortune 500 Titans and Disruptors of Industry podcast. Episode title: "AI and the end of work?"

Famed investor Vinod Khosla predicts free AI labor will lead to an era of few jobs and great abundance

By Alyson ShontellMarch 4, 2026

The curious case of Nvidia’s employee stock compensation change-up

The curious case of Nvidia’s employee stock compensation change-up

By Alexei OreskovicMarch 4, 2026

altman

Sam Altman, Jensen Huang and the other AI kingpins only have themselves to blame for the scare rippling through the economy right now

By Kevin ManeyMarch 4, 2026

3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

By Diane BradyMarch 4, 2026

Newsletters
After Pentagon contract, OpenAI shifts to damage control mode
By Alexei OreskovicMarch 3, 2026

Vinod Khosla, wearing a black suit jacket, looks forward.

OpenAI investor Vinod Khosla predicts today’s 5-year-olds won’t ever need to get jobs thanks to AI

By Sasha RogelbergMarch 4, 2026

Sea doubles annual earnings, yet profitability worries drag shares down in worst drop in 2 years

Sea doubles annual earnings, yet profitability worries drag shares down in worst drop in 2 years

By Angelica AngMarch 4, 2026

wong

Legal AI is splitting in two—and most people miss the difference

By David WongMarch 4, 2026

gen z

Millennials invented the experience economy and Gen Z is reinventing travel itself

By Nick FilatovMarch 4, 2026

A woman sits in front of a laptop with her hands on her face.

Gen Zers are paying the price for lack of experience as AI takes their jobs. Older workers are safe—for now, Dallas Fed warns

By Jacqueline MunisMarch 4, 2026

Commentary
Boards aren’t ready for the AI age: What happens when your CEO gets deepfaked?
By James RichardsonMarch 3, 2026

Palantir and other tech companies are stocking offices with nicotine products to increase worker productivity

Palantir and other tech companies are stocking offices with nicotine products to increase worker productivity

By Catherina GioinoMarch 4, 2026

Man in a black leather jacket gesturing with his hands.

Warren Buffett complained for decades that boosting profits by excluding exec stock comp was ‘cynical.’ Nvidia just surprised Wall Street and agreed

By Amanda GerutMarch 4, 2026

iran

Iran’s revenge: drones damage data centers for Amazon Web Services, reveal west’s Achilles Heel

By Kelvin Chan and The Associated PressMarch 3, 2026

Photo of Jamie Siminoff

Ring CEO Jamie Siminoff believes if people had more cameras, we may have already ‘solved’ the Nancy Guthrie case

By Catherina Gioino and Marco Quiroz-GutierrezMarch 3, 2026

Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought

Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought

By Jake AngeloMarch 3, 2026

Illustration of ships on fire

Top economist says companies are close to a ‘Cortés moment’ on AI, referencing the conquistador who burned his boats and then invaded Mexico

By Nick LichtenbergMarch 3, 2026

snow

AI that you can get behind: Syracuse claims snow complaints have dropped 30% since it partnered with the right GPS tech firm

By Jeff McMurray and The Associated PressMarch 3, 2026

A Boston police officer uses radar to track speeding vehicles

Cities join Amazon in cutting ties with license-plate reader Flock following Ring’s Super Bowl ad—that Flock ‘didn’t have anything to do with’

By Catherina GioinoMarch 3, 2026

U.S. Secretary of War Pete Hegseth standing in front of a podium with a Pentagon sign behind him, gesturing with his hands outstretched and looking angry.

The Pentagon’s fight with Anthropic was the first real test for how we will control powerful AI. The bad news: we all failed

By Jeremy KahnMarch 3, 2026

Woman wearing headphones working at a computer

$15 billion of the insurance industry is at risk from AI, BofA says

By Nick LichtenbergMarch 3, 2026

howard

Legendary investor Howard Marks was skeptical about AI. What it said to him about Warren Buffett and Charlie Munger has left him shaken

By Nick LichtenbergMarch 3, 2026

As Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’

Startups & Venture

As Gen Z swaps dating apps for run clubs, Strava’s CEO says the $2 billion unicorn plans to go public ‘at some point’

By Marco Quiroz-GutierrezMarch 3, 2026

Photo of Bill Gurley

Tech investor Bill Gurley says workers who went through the ‘college conveyor belt’ and chased safe jobs are at high risk of AI automation

By Emma BurleighMarch 3, 2026

broker

Goldman finds ‘no meaningful relationship between AI and productivity at the economy-wide level,’ but a 30% boost for 2 specific use cases

By Nick LichtenbergMarch 3, 2026

Photo of Sam Altman

Sam Altman says OpenAI is renegotiating with the Pentagon after an ‘opportunistic and sloppy’ deal

By Beatrice NolanMarch 3, 2026

Exclusive: CrowdStrike and SentinelOne veterans raise $34M to tackle enterprise AI’s governance gap

Exclusive: CrowdStrike and SentinelOne veterans raise $34M to tackle enterprise AI’s governance gap

By Beatrice NolanMarch 3, 2026

Qualcomm CEO: ‘Resistance is futile’ as 6G mobile revolution approaches

Qualcomm CEO: ‘Resistance is futile’ as 6G mobile revolution approaches

By Kamal AhmedMarch 3, 2026

Making sense of Anthropic’s fight with the Pentagon—and OpenAI’s opportunity

Making sense of Anthropic’s fight with the Pentagon—and OpenAI’s opportunity

By Allie GarfinkleMarch 3, 2026

View of Visa’s office in San Francisco

Exclusive: Visa to expand card partnership with Stripe’s Bridge to over 100 countries

By Ben WeissMarch 3, 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

Personal Finance

Current price of oil as of August 18, 2026

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By Joseph HostetlerAugust 18, 2026

Personal Finance

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

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By Joseph HostetlerAugust 18, 2026

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