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OpenAI CEO Sam Altman says he is ‘envious’ of Gen Z college dropouts

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Sam Altman, one of the most powerful leaders in Silicon Valley, is jealous of Gen Z college dropouts. 

“I’m envious of the current generation of 20-year-old dropouts,” the OpenAI CEO told Rowan Cheung during an interview at the DevDay conference. “Because the amount of stuff you can build… the opportunity space is so incredibly wide.”

Altman said in the past couple of years he has not had a “real chunk of free mental space” to think about what he’d build now. “But I know that there would be a lot of cool stuff to build,” he said.

Altman dropped out of Stanford University in 2005 after two years of studying computer science. An “unexpected opportunity arose” for 19-year-old Altman, who left Stanford to cofound the location-sharing app Loopt.

As CEO of the company, Altman helped bring in more than $30 million in funding including from notable VC firms like Sequoia Capital. Loopt went through startup accelerator Y Combinator, and after the app was acquired, he became the president of YC. He later cofounded OpenAI in December 2015 with a slew of people, including the world’s richest man, Elon Musk.

Despite his rise to success with tech startups, Altman said he longs to brainstorm other businesses.

“The degree to which OpenAI is, like, taking over all of my mental space, and I don’t get to go think about how to build a new startup, is a little bit sad,” Altman said.

Altman joins a list of college dropouts that have become tech leaders in Silicon Valley, including Bill Gates, Larry Ellison, Steve Jobs, Jack Dorsey, and Mark Zuckerberg.

The tech billionaire also said in August he’s envious of young people because current early-career jobs will look “boring” by comparison to jobs in 10 years’ time. 

As Gen Z is in the midst of a job crisis, higher education is being scrutinized even more as the right path for tech entrepreneurs and startup hopefuls.

In September, GV CEO David Krane—and employee No. 84 at Googlesaid his son spent the entire summer break between college semesters working in AI, and was questioning if higher education was a “scam.”

Only 41% of junior U.S. professionals say a college degree is necessary for career success, according to a new LinkedIn Workforce Confidence survey. And CEOs of big tech companies are echoing similar sentiments. 

“There’s going to have to be a reckoning,” Meta CEO Mark Zuckerberg told Theo Von in a “This Past Weekend” episode in April. “Maybe not everyone needs to go to college,” because there are a lot of jobs that don’t require it, he added.

“People are probably coming around to that opinion a little more now than maybe, like, 10 years ago,” Zuckerberg said.

A version of this story published on Fortune.com on October 8, 2025.

More on Gen Z careers:

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Florida congresswoman accused of stealing $5 million in COVID funds insists she’s innocent

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U.S. Rep. Sheila Cherfilus-McCormick reiterated her innocence Monday outside a Miami federal courthouse, where she faces charges of conspiring to steal $5 million in federal COVID-19 disaster funds.

Cherfilus-McCormick was scheduled to be arraigned, but her attorney requested the proceeding be rescheduled to Jan. 20 so that she could finalize her legal team. Prosecutors didn’t object, and Judge Lisette Reid agreed to the new date. The hearing lasted less than five minutes.

“I just want to make it very clear that I am innocent,” Cherfilus-McCormick said immediately after leaving court. “In no way did I steal any kind of funds. I’m committed to the people of Florida and my district.”

Cherfilus-McCormick, a Democrat, has pleaded not guilty. She is facing 15 federal counts that accuse her of stealing funds that had been overpaid to her family’s health care company, Trinity Healthcare Services, in 2021. The company had a contract to register people for COVID-19 vaccinations.

Cherfilus-McCormick’s attorney, David Oscar Markus, said the case involves mistakes that generally aren’t even misdemeanors, let alone felonies. He said he believes the case is politically motivated.

Cherfilus-McCormick was arrested in November and then freed on a $60,000 bond. In addition to bail, the judge said Cherfilus-McCormick must surrender her personal passport, and is allowed to travel only between Florida, Washington, D.C., Maryland and the Eastern District of Virginia.

She has been allowed to retain her congressional passport so she can perform certain duties for her job.

According to the federal indictment, prosecutors said that within two months of receiving the funds in 2021, more than $100,000 had been spent on a 3-carat yellow diamond ring for the congresswoman.

The health care company owned by Cherfilus-McCormick’s family had received payments through a COVID-19 vaccination staffing contract, the indictment said. Her brother, Edwin Cherfilus, requested $50,000, but they mistakenly received $5 million and didn’t return the difference.

Prosecutors said the funds received by Trinity Healthcare were distributed to various accounts, including to friends and relatives who then donated to Cherfilus-McCormick’s campaign for Congress.

Cherfilus-McCormick won a special election in January 2022 to represent Florida’s 20th District, which includes parts of Broward and Palm Beach counties, after Rep. Alcee Hastings died in 2021.

The charges she faces include theft of government funds; making and receiving straw donor contributions; aiding and assisting a false and fraudulent statement on a tax return; money laundering, as well as conspiracy charges associated with each of those counts.

According to a previous statement provided by Cherfilus-McCormick’s chief of staff, she doesn’t plan to resign from office. She said she has cooperated with “every lawful request” and will continue to do so until the matter is resolved.



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Trump says he still might fire Powell as Fed chair pick looms

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President Donald Trump teased that he has a preferred candidate to be the next chair of the Federal Reserve, but is in no hurry to make an announcement — while also musing that he might fire the central bank’s current leader, Jerome Powell.

“I do, still do — hasn’t changed,” Trump said at a press conference Monday, when asked if he has a favorite candidate. “I’ll announce him at the right time. There’s plenty of time.”

Trump added the Powell should resign and that he’d “love to fire him.”

“Maybe I still might,” Trump told reporters at his Mar-a-Lago resort in Florida.

Trump did not specify who is his leading chair candidate and said an announcement would be made in “January sometime.” 

National Economic Council Director Kevin Hassett has been seen as the frontrunner, though Trump has also expressed interest in former Fed governor Kevin Warsh. Other finalists in the process have included current Fed governors Christopher Waller and Michelle Bowman and BlackRock’s Rick Rieder. 

Earlier: Bessent Sees Room for a Future Revamp of the Fed’s 2% Target

Trump has made numerous cryptic — and sometimes contradictory — remarks about his decision-making process regarding the new central bank chief. The president earlier in December said he’d narrowed the pool of contenders down to one, but subsequently said he was considering multiple candidates and has heaped praise on several of the names on the short list.

Trump has long been a critic of Powell, who he picked to lead the central bank during his first term. The president has indicated he wants the next chair to more aggressively cut interest rates as the White House looks to lower mortgage costs.

He said Monday he was considering a “gross incompetence” lawsuit against Powell related to an ongoing renovation project at the Fed. Powell’s term as chair is set to end in May of 2026, but his term on the Fed’s Board of Governors doesn’t expire until 2028.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.



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Trump claims victory in drug-smuggling crackdown, but key details remain a mystery

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President Donald Trump has indicated that the U.S. has “hit” a dock facility along a shore as he wages a pressure campaign on Venezuela, but the U.S. offered few details.

Trump initially seemed to confirm a strike in what appeared to be an impromptu radio interview Friday, and when questioned Monday by reporters about “an explosion in Venezuela,” he said the U.S. struck a facility where boats accused of carrying drugs “load up.”

“There was a major explosion in the dock area where they load the boats up with drugs,” Trump said as he met in Florida with Israeli Prime Minister Benjamin Netanyahu. “They load the boats up with drugs, so we hit all the boats and now we hit the area. It’s the implementation area. There’s where they implement. And that is no longer around.”

It is part of an escalating effort to target what the Trump administration says are boats smuggling drugs bound for the United States. It moves closer to shore strikes that so far have been carried out by the military in international waters in the Caribbean Sea and eastern Pacific Ocean.

Trump declined to say if the U.S. military or the CIA carried out the latest strike or where it occurred. He did not confirm it happened in Venezuela.

“I know exactly who it was, but I don’t want to say who it was. But you know it was along the shore,” Trump said.

Trump first referenced the strike on Friday, when he called radio host John Catsimatidis during a program on WABC radio and discussed the U.S. strikes on alleged drug-carrying boats. The attacks have killed at least 105 people in 29 known strikes since early September.

“I don’t know if you read or saw, they have a big plant or a big facility where they send the, you know, where the ships come from,” Trump said. “Two nights ago, we knocked that out. So, we hit them very hard.”

Trump did not offer any additional details in the interview.

Defense Secretary Pete Hegseth or one of the U.S. military’s social media accounts has in the past typically announced every boat strike in a post on X, but there has been no post of any strike on a facility.

The Pentagon on Monday referred questions to the White House, which did not immediately respond to a message seeking more details. The press office of Venezuela’s government did not immediately respond to a request for comment on Trump’s statement.

Trump for months has suggested he may conduct land strikes in South America, in Venezuela or possibly another country, and in recent weeks has been saying the U.S. would move beyond striking boats and would strike on land “soon.”

In October, Trump confirmed he had authorized the CIA to conduct covert operations in Venezuela. The agency did not immediately respond to a message seeking comment Monday.

Along with the strikes, the U.S. has sent warships, built up military forces in the region, seized two oil tankers and pursued a third.

The Trump administration has said it is in “armed conflict” with drug cartels and seeking to stop the flow of narcotics into the United States.

Venezuelan President Nicolás Maduro has insisted the real purpose of the U.S. military operations is to force him from power.

White House chief of staff Susie Wiles said in an interview with Vanity Fairpublished this month that Trump “wants to keep on blowing boats up until Maduro ‘cries uncle.’”



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