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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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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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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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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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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
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
Yevgeny Dibrov crosses his arms while wearing a suit.
Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’
By Lily Mae LazarusAugust 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
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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
By Nick LichtenbergAugust 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
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
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
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
More in Startups & Venture
AI
More in AI
Anthropic CEO Dario Amodei.
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
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
The finance skills that are becoming more and more critical in the AI age

Finance leads Heidrick & Struggles’ list of the 15 most in-demand skills amid the rapid rise of AI.

By Sheryl EstradaAugust 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
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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
Latest stories from Fortune
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
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
Law
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
By Tatiana SatauaAugust 19, 2026
Mortgage rates today, Aug. 19, 2026
Personal Finance
Mortgage rates today, Aug. 19, 2026
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Current refi mortgage rates report for Aug. 19, 2026
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Current refi mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current ARM mortgage rates report for Aug. 19, 2026
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Current ARM mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans
Success
USC just shattered its fundraising record by nearly $100 million—thanks partly to the billionaire family behind the Houston Texans
By Sydney LakeAugust 19, 2026
Home equity loan and HELOC rates: Aug. 19, 2026
Personal Finance
Today’s home equity loan and HELOC rates, August 19, 2026
By Joseph HostetlerAugust 19, 2026
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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
  • Photo of Peter Thiel
    Cybersecurity
    Discord distances itself from Peter Thiel–backed verification software after its code was found on a Google Cloud endpoint
    By Catherina GioinoFebruary 24, 2026
Photo: New York Stock Exchange.
Investing
Traders are on edge for Nvidia earnings: ‘We will … be able to hear a pin drop on Street trading desks’ tonight, one analyst says
By Jim EdwardsFebruary 25, 2026
Exclusive: SolveAI, at eight months old, raises $50 million to take on the AI coding tool race
Newsletters
Exclusive: SolveAI, at eight months old, raises $50 million to take on the AI coding tool race
By Allie GarfinkleFebruary 25, 2026
On the eve of Nvidia earnings, AMD wows Wall Street with Meta chip deal
Newsletters
On the eve of Nvidia earnings, AMD wows Wall Street with Meta chip deal
By Alexei OreskovicFebruary 25, 2026
McDonald’s CEO is a ‘supersubscriber’ of AI tools—and even used it to photoshop all his kids into a Christmas card
AI
McDonald’s CEO is a ‘supersubscriber’ of AI tools—and even used it to photoshop all his kids into a Christmas card
By Sydney LakeFebruary 25, 2026
students work on computers
AI
More than half of teens are using AI for schoolwork—and many parents don’t know it
By Jake AngeloFebruary 25, 2026
  • Photo of fragments of plastic on fingers
    Health
    Scientists are pushing back on warnings that microplastics damage your health, saying people are just obese and calling some studies ‘a joke’
    By Catherina GioinoFebruary 24, 2026
data center
AI
Moody’s flags $662 billion risk at the heart of the data center build-out by just 5 companies
By Nick LichtenbergFebruary 25, 2026
Some Waymo riders are so lazy that gig workers are getting paid $24 to close the door for them
Innovation
Some Waymo riders are so lazy that gig workers are getting paid $24 to close the door for them
By Catherina GioinoFebruary 25, 2026
gen z
AI
We studied chatbots and language and saw a huge problem: They mean 80% when they say ‘likely’ but humans hear 65%
By Mayank Kejriwal and The ConversationFebruary 25, 2026
Traders stand at the New York Stock Exchange
Investing
The AI love-hate trade roars as Meta-AMD $100 billion deal cheers traders’ spirits after doom spiral
By Stan Choe and The Associated PressFebruary 24, 2026
warner
Big Tech
Warner Bros. is still recommending Netflix’s takeover bid, but it’s reviewing a fresh Paramount offer
By Wyatte Grantham-Philips and The Associated PressFebruary 24, 2026
  • Singapore’s Singtel partners with Nvidia to build a research lab for companies that care about data sovereignty
    AI
    Singapore’s Singtel partners with Nvidia to build a research lab for companies that care about data sovereignty
    By Angelica AngFebruary 24, 2026
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Investing
Meta signs AI chips deal that could go up to $100 billion, option for 10% stake in AMD
By Michelle Chapman and The Associated PressFebruary 24, 2026
Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents
Commentary
Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents
By Luba KassovaFebruary 24, 2026
Multicolored shipping containers stacked up at a port in China.
AI
How one AI company is helping businesses navigate Trump’s new tariff chaos following the Supreme Court ruling
By Jeremy KahnFebruary 24, 2026
Photo of Stephan Winkelmann
Energy
Lamborghini CEO axes $300,000 luxury EV, chalking it up to an ‘expensive hobby’ with ‘close to zero’ demand
By Sasha RogelbergFebruary 24, 2026
dario amodei
AI
Anthropic CEO Dario Amodei expresses deep discomfort with the ‘overnight’ and accidental concentration of power in the AI industry
By Jake AngeloFebruary 24, 2026
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Economy
People are getting fake news on their phones and that’s increasing the risk of a market crash
By Nick LichtenbergFebruary 24, 2026
Moody's Mark Zandi pictured during a Senate hearing.
Economy
Top economist says stock market has gotten ‘increasingly disconnected from the economy’
By Tristan BoveFebruary 24, 2026
Amazon CEO Andy Jassy says sucking up to your boss won’t earn their trust
Success
Amazon CEO Andy Jassy says sucking up to your boss won’t earn their trust
By Orianna Rosa RoyleFebruary 24, 2026
dario
AI
Anthropic claims 3 Chinese companies ripped it off, using its AI tools to train their models: ‘How the turn tables’
By Nick LichtenbergFebruary 24, 2026
may
Commentary
The AI leadership reckoning is here
By May HabibFebruary 24, 2026
Photo of Dario Amodei
AI
‘It’s going to be painful for a lot of people’: Software engineers could go extinct this year, says Claude Code creator
By Jacqueline MunisFebruary 24, 2026
An open case of Zyn nicotine pouches
C-Suite
Inside a $280 billion tobacco giant’s push to turn smokers into smoke-free customers
By Ruth UmohFebruary 24, 2026
mueller
Politics
‘Trust in government is at an all-time low,’: even South Bend’s award-winning AI-friendly mayor admits the truth
By Glenn Gamboa and The Associated PressFebruary 24, 2026
James Cadwallader (left) and Dylan Babb (right)
AI
Exclusive: As AI threatens search, Profound raises $96 million to help brands stay visible
By Lily Mae LazarusFebruary 24, 2026
Young girl uses AI virtual assistant to do schoolwork.Concept of Artificial Intelligence and Futuristic technology
AI
‘Students can’t reason’: Teachers warn AI is fueling a crisis in kids’ ability to think
By Eva RoytburgFebruary 24, 2026
hegseth
AI
Hegseth to meet with Anthropic CEO as safe AI principles collide with military contracting
By David Klepper, Matt Ott, Konstantin Toropin and The Associated PressFebruary 24, 2026
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Newsletters
Why the exploding secondaries market is hard to pin down
By Allie GarfinkleFebruary 24, 2026
JPMorgan Chase chairman and CEO Jamie Dimon
Economy
Jamie Dimon’s got some advice for investors riding high on asset prices: ‘Take a deep breath and watch out’
By Eleanor PringleFebruary 24, 2026
IBM gets a taste of the Anthropic treatment (or, vibe coding panic comes for the Cobol cowboys)
Newsletters
IBM gets a taste of the Anthropic treatment (or, vibe coding panic comes for the Cobol cowboys)
By Alexei OreskovicFebruary 24, 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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