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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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Current price of silver as of Tuesday, August 18, 2026
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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
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
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
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
By Tatiana SatauaAugust 19, 2026
Photo of Sam Altman
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 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
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Big Tech
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kopp
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
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
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
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
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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
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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 AI
Innovation
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
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 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
Photo: President Trump.
Newsletters
The Iranians have Trump right where they want him and suggest 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
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  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
A working businessman at a desk
Newsletters
For CEOs, retirement is the ultimate performance review—and 60% are failing it
By Phil WahbaAugust 19, 2026
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After months of quiet, Perplexity’s CEO steps into the OpenClaw moment
AI
After months of quiet, Perplexity’s CEO steps into the OpenClaw moment
By Sharon GoldmanFebruary 26, 2026
  • cyber
    Cybersecurity
    Nearly two-thirds of companies have lost track of their data just as they’re letting AI in through the front door to wander around
    By Nick LichtenbergFebruary 25, 2026
Smiling female holding a laptop
Success
Despite the constant ‘job apocalypse’ warnings, computer science graduates are actually on track to earn $81,000 right out of college
By Preston ForeFebruary 26, 2026
By Tesla’s own math, it reveals that its robotaxis are 4x worse at driving than humans, with redactions hiding even more details
Innovation
By Tesla’s own math, it reveals that its robotaxis are 4x worse at driving than humans, with redactions hiding even more details
By Catherina GioinoFebruary 26, 2026
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game
Success
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game
By Matty Merritt and Morning BrewFebruary 26, 2026
shapiro
AI
Why Pennsylvania sits at the center of the big data-center power problem
By Shixiang (Woody) Zhu and The ConversationFebruary 26, 2026
The remote work fight isn’t over: Workers are willing to take a major pay cut, up to 25%, Harvard study shows
Future of Work
The remote work fight isn’t over: Workers are willing to take a major pay cut, up to 25%, Harvard study shows
By Sydney LakeFebruary 26, 2026
  • Exclusive: AI financial platform Rowspace raises $50 million led by Sequoia to help investment firms take on messy data
    Startups & Venture
    Exclusive: AI financial platform Rowspace raises $50 million led by Sequoia to help investment firms take on messy data
    By Leo SchwartzFebruary 25, 2026
celtics
Innovation
Harvard professor finally cracks the scientific secret of why sneakers squeak during basketball games
By Adithi Ramakrishnan and The Associated PressFebruary 26, 2026
wall street
Investing
Reality of Nvidia earnings beat wipes out Monday’s spooked stock swoon
By Stan Choe and The Associated PressFebruary 26, 2026
Two restaurant workers wearing black stand in front of a silver "Flippy" fry station.
AI
Meet your new robot fry cooks: Inside the $28 billion race to disrupt White Castle and Jack in the Box
By Sasha RogelbergFebruary 26, 2026
Exclusive: Crypto trading platform raises $30 million from CMT Digital and Kraken
Crypto
Exclusive: Crypto trading platform raises $30 million from CMT Digital and Kraken
By Ben WeissFebruary 26, 2026
Senator opens inquiry into Binance over allegations it fired investigators who flagged that more than $1 billion flowed to Iranian entities
Newsletters
Senator opens inquiry into Binance over allegations it fired investigators who flagged that more than $1 billion flowed to Iranian entities
By Ben WeissFebruary 26, 2026
  • Dwelly cofounders Dmitry Khanukov (Co-Founder, CTO), Dan Lifshits (Co-Founder), Ilya Drozdov (Co-Founder, CEO)
    Real Estate
    A startup buying up U.K. real estate brokers and streamlining their processes with AI gets $93 million in funding to fuel expansion
    By Jeremy KahnFebruary 25, 2026
huang
Economy
AI capex and the ‘wealth effect’ from tech stocks (like Nvidia) now drive one-third of U.S. GDP growth, top analysts say
By Jim EdwardsFebruary 26, 2026
Wall Street’s beef with Nvidia’s blowout earnings
Newsletters
Wall Street’s beef with Nvidia’s blowout earnings
By Alexei OreskovicFebruary 26, 2026
electrician
Economy
‘If I was 18 now, there is no way I would go to university only to leave with huge debts and poor job prospects,’ says analyst. He’d be an electrician
By Nick LichtenbergFebruary 26, 2026
Morgan Stanley predicts AI won’t let you retire early: Instead, you’ll have to train for jobs that don’t exist yet
AI
Morgan Stanley predicts AI won’t let you retire early: Instead, you’ll have to train for jobs that don’t exist yet
By Nick LichtenbergFebruary 26, 2026
Callosum cofounders (from left) Jascha Achterberg and Danyal Akarca.
AI
Exclusive: Startup aiming to break Nvidia’s stranglehold on AI data center workloads raises $10.25 million
By Jeremy KahnFebruary 26, 2026
Tech companies are spending an unprecedented $700 billion this year on AI data centers. Nvidia’s Jensen Huang says we’re not anywhere near the peak
AI
Tech companies are spending an unprecedented $700 billion this year on AI data centers. Nvidia’s Jensen Huang says we’re not anywhere near the peak
By Alexei OreskovicFebruary 25, 2026
Anthropic CEO Dario Amodei speaking in front of a microphone.
AI
In its fight with the Pentagon, Anthropic confronts one of the biggest crises of its five-year existence
By Jeremy KahnFebruary 25, 2026
Seated man in black jacket in front of a blue background
AI
What AI bubble? Nvidia posts record $68 billion quarterly revenue and $78 billion forecast, as Jensen Huang cites ‘skyrocketing’ adoption of agents
By Amanda GerutFebruary 25, 2026
Nvidia company logo
Investing
Jittery stock market’s lonely eyes turn to Nvidia earnings
By Stan Choe and The Associated PressFebruary 25, 2026
Amazon Ring’s founder is back with a hard pivot to AI. How Jamie Siminoff went from ‘Shark Tank’ reject to $1 billion brand
Success
Amazon Ring’s founder is back with a hard pivot to AI. How Jamie Siminoff went from ‘Shark Tank’ reject to $1 billion brand
By Sydney LakeFebruary 25, 2026
An MIT roboticist who cofounded bankrupt robot vacuum maker iRobot says Elon Musk’s vision of humanoid robot assistants is ‘pure fantasy thinking’
Innovation
An MIT roboticist who cofounded bankrupt robot vacuum maker iRobot says Elon Musk’s vision of humanoid robot assistants is ‘pure fantasy thinking’
By Marco Quiroz-GutierrezFebruary 25, 2026
pete hegseth
AI
Hegseth issues an ultimatum to ‘woke AI’ startup Anthropic: Get with military program by Friday or lose $200 million
By Jake AngeloFebruary 25, 2026
Jamie Dimon
AI
Jamie Dimon says society should start preparing for AI job displacement: ‘Now’s the time to start thinking about’ it
By Marco Quiroz-GutierrezFebruary 25, 2026
After stints at Nike and Kohl’s, Elevance Health’s CDIO pivots to using tech to bring more ‘delight’ to health care
Newsletters
After stints at Nike and Kohl’s, Elevance Health’s CDIO pivots to using tech to bring more ‘delight’ to health care
By John KellFebruary 25, 2026
robot
Cybersecurity
One man accidentally gained access to thousands of robot vacuums, exposing the AI cyber nightmare risk facing millions of Americans
By Nick LichtenbergFebruary 25, 2026
huang
Big Tech
With markets jittery after weeks of tech selloffs, Nvidia’s earnings are the next big test for AI sentiment
By Sharon GoldmanFebruary 25, 2026
Jenkins stands a podium in front of San Francisco City Hall
Law
Former San Francisco homeless charity CEO stole $1.2 million in public funds and spent it on luxury vehicles and Louis Vuitton, authorities say
By The Associated PressFebruary 25, 2026
Andrew Yang
Success
Ex–presidential candidate Andrew Yang warns that millions of white-collar workers will lose their jobs within 18 months: ‘The AI jobpocalypse is here’
By Preston ForeFebruary 25, 2026
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
Success
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
By Sydney LakeFebruary 25, 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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By Joseph HostetlerAugust 18, 2026
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