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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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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
a
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
By Glen Luke FlanaganAugust 19, 2026
Current refi mortgage rates report for Aug. 19, 2026
Personal Finance
Current refi mortgage rates report for Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
Current ARM mortgage rates report for Aug. 19, 2026
Personal Finance
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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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
  • Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
    Big Tech
    Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
    By Marco Quiroz-GutierrezFebruary 21, 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
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
Sam Altman gets defensive about AI’s massive electricity usage: ‘It also takes a lot of energy to train a human’
AI
Sam Altman gets defensive about AI’s massive electricity usage: ‘It also takes a lot of energy to train a human’
By Marco Quiroz-GutierrezFebruary 24, 2026
Photo of Sam Altman
AI
OpenAI changed its mission statement 6 times in 9 years. It finally removed the word “safely” as a core value when it restructured into a for-profit
By Catherina GioinoFebruary 23, 2026
John Edward Kurtz, a former prison guard, is taken by state troopers to be arraigned in Milton, Pa., Dec. 18, 2017.
Law
Your Google search history can be used against you in court. Does that violate the Constitution?
By Mark Scolforo and The Associated PressFebruary 23, 2026
  • igor
    Commentary
    If the recent AI and crypto shocks upset you, you’re tracking the wrong cycle
    By Igor PejicFebruary 21, 2026
Drawing of a toddler writing on the wall while her mother hides her eyes
AI
AI agents that do your work while you sleep sound great. The reality is far messier—‘it’s like a toddler that needs to be overseen’
By Sharon GoldmanFebruary 23, 2026
Photo of Dara Khosrowshahi
AI
Uber CEO predicts most rides could be robot operated within 20 years
By Jake AngeloFebruary 23, 2026
broker
Investing
Morgan Stanley hails rare ‘reindustrialization renaissance’ of AI economy—but it’s better for computers than humans
By Nick LichtenbergFebruary 23, 2026
Photo: Inside a data center.
AI
Without AI spending, U.S. corporate investment in equipment would be negative, a decline that’s ‘worryingly broad-based,’ Pantheon analyst says 
By Jim EdwardsFebruary 23, 2026
Workers using AI on desktop
Success
 Last year, Accenture trained 550,000 workers in AI—now it’s warning senior staff to use it or don’t get promoted
By Emma BurleighFebruary 23, 2026
  • Trump team livid about Dario Amodei’s principled stand to keep the Defense Department from using his AI tools for warlike purposes
    AI
    Trump team livid about Dario Amodei’s principled stand to keep the Defense Department from using his AI tools for warlike purposes
    By Catherina GioinoFebruary 21, 2026
ghost
AI
‘Ghost GDP,’ a white-collar recession, and the death of friction: Substack’s top finance writer warns of the 2028 AI crisis nobody sees coming
By Nick LichtenbergFebruary 23, 2026
Jensen Huang
Success
While Nvidia CEO Jensen Huang enjoys an over $150 billion net worth, his fellow cofounder Curtis Priem sold out in 2006—and missed out on $600 billion
By Preston ForeFebruary 23, 2026
Crowds at the AI Impact Summit in India.
AI
India’s AI Impact Summit closes with the New Delhi Declaration and a $200 billion boost
By Beatrice NolanFebruary 23, 2026
taxi
Innovation
Self-driving taxis hit London, a city with such complex streets that it has a ‘Knowledge’ test that takes cabbies years to pass
By Kelvin Chan and The Associated PressFebruary 23, 2026
OpenAI CEO Sam Altman speaking in front of a microphone.
AI
OpenAI partners with McKinsey, BCG, Accenture, and Capgemini to push its Frontier AI agent platform
By Jeremy KahnFebruary 23, 2026
Tech leaders hold hands on stage at India's AI Impact Summit.
AI
Inside India’s AI Impact Summit: Robot fraud, gridlocked roads, and a no-show from Bill Gates
By Beatrice NolanFebruary 23, 2026
The 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a ‘cultural edge’
Newsletters
The 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a ‘cultural edge’
By Leo SchwartzFebruary 23, 2026
Microsoft’s gaming shake up touts Xbox resurgence—but ignites fears of incoming AI slop
Newsletters
Microsoft’s gaming shake up touts Xbox resurgence—but ignites fears of incoming AI slop
By Alexei OreskovicFebruary 23, 2026
DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital
Banking
DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital
By Angelica Ang and Andrew StaplesFebruary 22, 2026
daron acemoglu
AI
The Nobel laureate who cowrote ‘Why Nations Fail’ warns U.S. democracy won’t survive unless these two things change
By Jake AngeloFebruary 22, 2026
jesse
Commentary
A decade ago, I had a front row seat as Jesse Jackson held big tech firms accountable for being overwhelmingly white and male
By Brennan Nevada JohnsonFebruary 22, 2026
Man wearing a suit awkwardly takes a video call on a laptop
Future of Work
Recruiter reveals broken Zoom interview etiquette: bathrobes, yoga, and outsourcing thinking to AI
By Nick LichtenbergFebruary 22, 2026
Fortune Archives: Amazon on top
Newsletters
Fortune Archives: Amazon on top
By Indrani SenFebruary 22, 2026
werfel
Commentary
Former IRS Commissioner: Here’s how we used AI to create immediate value when taxpayers scrutinized every dollar
By Danny WerfelFebruary 22, 2026
DOJ probes Netflix’s power over filmmakers in Warner deal review
Law
DOJ probes Netflix’s power over filmmakers in Warner deal review
By Josh Sisco and BloombergFebruary 21, 2026
Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’
Big Tech
Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’
By Marco Quiroz-GutierrezFebruary 21, 2026
U.S. military airlifts small nuclear reactor for the first time, flying a minivan-sized microreactor nearly 700 miles on a C-17
Innovation
U.S. military airlifts small nuclear reactor for the first time, flying a minivan-sized microreactor nearly 700 miles on a C-17
By Matthew Daly and The Associated PressFebruary 21, 2026
taylor
Commentary
How fandom became culture’s power center — and a blueprint for Gen Z’s economic influence
By Reid LitmanFebruary 21, 2026
tanmai
AI
You have 18 months to figure out your office job, $1 billion CEO says. But it’s not going away
By Nick LichtenbergFebruary 21, 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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