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Snapshot: 2026-09-16 · Today’s latest update
Daily snapshot
- 1.Current price of oil as of September 16, 2026Joseph Hostetler · When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
- 2.Arcee AI trained four models for $20 million. Now, it’s worth $1 billion.Allie Garfinkle · Arcee AI isn’t chasing OpenAI, it’s chasing China.
- 3.The Middle East’s female founders are on the rise. Why isn’t the funding following?Melissa Hancock · While progress has been made to address a lack of funding for MENA female-founded startups, structural hurdles in how capital is sourced and distributed still need to be overcome.
- 4.An energy crisis looms for Europe’s industrial giants. For GEA Group, it’s an opportunityKirsty McGregor · European companies are rethinking their climate ambitions amid high energy costs and geopolitical uncertainty. Germany’s GEA Group is bucking the trend.
- 5.Trump may insist war in Iran is ‘small potatoes’—but it’s costing $3 billion a month, with $38 billion already spent, reports budget watchdogEleanor Pringle · These funds reflect the cost of replacing expended munitions and equipment lost in battle, the CBO wrote, as well as increased flying hours, increased fuel costs, and "other operations."
- 6.The Gulf’s female startup ecosystem is flourishing. So, where’s the funding?Melissa Hancock · In this week’s Fortune Gulf Brief.
- 7.OpenAI IPO looks like a no-go: Sam Altman is discussing a new round of VC funding valuing the company at $1.2 trillionJim Edwards · Everything you need to know before you reach the office this morning.
- 8.CEOs are still betting on the leadership trait AI can’t replaceDiane Brady · Also: All the news and watercooler chat from Fortune.
- 9.I’ve visited school districts from Tennessee to NYC. American kids are not ready for the AI revolutionDora Palfi · Banning AI in schools drives students to use it unsupervised, widening the skills gap schools should help close.
- 10.‘The U.K. has a competitiveness deficit in its energy costs—that’s a real call to action,’ says EDF U.K. chairSam Forsdick · Rising energy prices and a restrictive regulatory environment are hampering the U.K.’s ability to grow, according to Alex Chisholm.