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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

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Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

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U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

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Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

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Current price of oil as of August 17, 2026
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Reed Hastings
Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’

Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.

By Preston ForeAugust 18, 2026
Dropbox co-CEO Ashraf Alkarmi
Dropbox co-CEO has just shared the simple rule he follows for when to turn down a meeting
By Emma BurleighAugust 18, 2026
Data center gas plants to boost U.S. power emissions by 20%
Data center gas plants to boost U.S. power emissions by 20%
By Matt Day, Mark Chediak and BloombergAugust 18, 2026
The most important AI habit I have is making one phone call a day
The most important AI habit I have is making one phone call a day
By Maria ColacurcioAugust 18, 2026
s
Meet OpenAI’s ChatGPT for Teens, which doesn’t talk about sex or suicide and gives you homework help instead
By Barbara Ortutay and The Associated PressAugust 18, 2026
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The finance skills that are becoming more and more critical in the AI age
By Sheryl EstradaAugust 18, 2026
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Big Tech
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Alibaba’s $2 billion gaming exit signals where Beijing wants its money
Alibaba’s $2 billion gaming exit signals where Beijing wants its money

The e-commerce giant sells its gaming studio and pours $53 billion into AI as the US-China tech rivalry heats up

By Mia OsmonbekovAugust 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
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
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
More in Big Tech
Startups & Venture
More in Startups & Venture
Man speaks into a microphobe
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
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
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 Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe

James Dacombe, the 25-year-old behind AI chipmaker Olix and brain monitoring startup CoMind, says being young and “naive” was a career advantage.

By Emma BurleighAugust 17, 2026
More in Startups & Venture
AI
More in AI
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
Cava CFO on growth, AI and why price hikes aren’t on the agenda

Tricia Tolivar explains how Cava is scaling to new markets.

By Sheryl EstradaAugust 17, 2026
Dario Amodei admits AI suffers from a crisis of trust, saying people worry companies or governments are ‘cooking up some new way to screw them over’

“I think by far the most accurate criticism of AI companies including Anthropic is that we haven’t yet delivered on our big promises to benefit the world.”

By Jason MaAugust 16, 2026
Stripe clinches over $7 billion deal to buy AI firm OpenRouter

The deal comes just months after OpenRouter raised money at a reported $1.3 billion valuation.

By Yazhou Sun, Natasha Mascarenhas, Paige Smith and BloombergAugust 16, 2026
More in AI
Innovation
More in Innovation
Wispr talks its way to a $2 billion valuation. The company says dictation’s only the beginning
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
Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares

Nvidia also had stakes in Coherent Corp., Generate Biomedicines Inc., Nebius Group NV, Nokia Corp. and Synopsys Inc. as of June 30. 

By Lynn Doan and BloombergAugust 15, 2026
‘The great quantum migration’ is coming as more than $2 trillion in digital assets is at risk—nearly the entire value of the overall crypto market

According to Quantus CEO Christoper Smith, digital assets are secured by elliptic-curve cryptography that is vulnerable to quantum computing.

By Joshua HongAugust 15, 2026
Nobel laureate Daron Acemoglu says AI and liberal democracy share the same crisis: ‘there is a tendency to escalate everything’

“It’s become sort of radical to hold two apparently conflicting ideas in your head at the same time,” the MIT economist told Fortune.

By Nick LichtenbergAugust 15, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI
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
Jimmy Wales: ‘AI can generate answers. It still can’t earn trust’

The leadership lesson of Wikipedia.

By Ioanna ThomaAugust 16, 2026
People are going to extreme lengths to stop themselves from being filmed through Meta’s ‘pervert glasses’

Methods include singing copyrighted songs to downloading scanner apps, but an attorney said not all of these will be foolproof.

By Joshua HongAugust 14, 2026
The ‘manosphere’ is actually a multibillion-dollar industry that sells courses and supplements to insecure Gen Z men, report finds

“In the very real moment of confusion…there is an industry of platforms, influencers and advertisers who are making billions off of young men’s insecurities.”

By Sasha RogelbergAugust 15, 2026
More in Cybersecurity
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Dave Sunday gestures while speaking to the audience in the Forum Auditorium across the street from the Capitol after taking the oath of office to become Pennsylvania's next attorney general.
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Energy
U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oilplaceholder alt text
By Sasha RogelbergAugust 17, 2026
Success
Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europeplaceholder alt text
By Emma BurleighAugust 17, 2026
Personal Finance
Current price of oil as of August 17, 2026placeholder alt text
By Joseph HostetlerAugust 17, 2026
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