Author: Henry Kanapi

The managing director at the International Monetary Fund warns that global financial systems may be exposed to AI-driven risks that are growing faster than defenses. In a new Face the Nation interview, Kristalina Georgieva says AI cybersecurity threats are increasing rapidly, raising concerns about large-scale attacks on the financial system. She highlights that the international system lacks the tools needed to defend against AI-driven cyber attacks. “Well, because we get into cybersecurity and the risks have been growing exponentially. Yes, we are concerned. We are very keen to see more attention to the guardrails that are necessary to protect financial…

Hundreds of millions of dollars in crypto shorts were taken out in the past day as BTC posted its strongest daily surge in over a month. Data from the crypto analytics firm Coinglass shows that traders who shorted crypto were liquidated to the tune of $426.64 million over the last 24 hours. Traders who were betting against the top crypto asset by market cap suffered $226.62 million in losses as BTC exploded more than 5% to $74,895 on Monday, its biggest daily rally since March 4th. Short positions in Ethereum were also taken out amid the marketwide surge, as traders…

The CEO of the $16.6 billion tech-focused firm Altimeter believes that OpenAI’s next model will change its fortune in a big way. In a new episode of the All-In Podcast, Brad Gerstner says people have become ultra-bearish on OpenAI as rivals Anthropic and Google grab headlines with their latest frontier models. According to Gerstner, there’s a lot of fear, uncertainty and doubt for OpenAI, which he notes could mark the turning point for the ChatGPT creator as it gears up for the release of the AI model Spud. “But I think you would be seriously foolish to count out OpenAI.…

Elon Musk says xAI’s frontier model, Grok, will make significant gains in intelligence as the AI startup rebuilds its foundations from the ground up. In a new post on X, Musk says he sees the next couple of months as a critical window for Grok. “It will take until May to be close to Opus 4.6 and June to match and maybe exceed. Short time by normal standards, but a long time in the AI arena.” Anthropic’s Claude Opus 4.6 is considered the most intelligent publicly available frontier model to date. The model can support up to one million input…

A former managing director at Morgan Stanley says Bitcoin (BTC) and Ethereum (ETH) are being positioned as store-of-value assets amid global uncertainty. In a new interview with Anthony Pompliano, Wall Street veteran Jordi Visser says the world is facing greater uncertainty today than at the beginning of the Middle East conflict, despite the fragile ceasefire between the US and Iran. According to Visser, he’s specifically keeping a close watch on the price action of Bitcoin and Ethereum, saying that his bullish stance on the two largest crypto assets by market cap will be validated if they shatter key levels. “The…

OpenAI says it was impacted by a broad software supply chain attack carried out by a hacking group linked to North Korea. In a security update, the ChatGPT creator says it had downloaded a malicious version of a widely used library called Axios, as part of a larger industry attack. OpenAI says that at the time, a GitHub Actions workflow had access to a special certificate used to prove that macOS apps like ChatGPT Desktop are real and safe. In a worst-case scenario, hackers could use the opening to create fake OpenAI apps that look real. “In the event that…

The former AI Czar says Anthropic’s staggering growth over the last three years is nothing compared to what’s coming. Recently, the Claude creator revealed that its revenue rate exploded from just $9 billion at the end of 2025 to more than $30 billion this month. David Sacks says Anthropic’s soaring revenue is a clear sign that the AI bubble narrative is bursting. “And I want to just underline it. Consider where we were at the beginning of the year. And what everybody was saying is that AI was a big bubble. And the evidence they would point to was the…

US financial regulators are escalating concerns that a new class of AI models could introduce systemic cyber risks. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell have called an urgent meeting with top Wall Street executives in Washington to discuss potential threats emerging from Anthropic’s Mythos model, Bloomberg reports. The meeting, arranged on short notice, focused on ensuring major banks are preparing for a new generation of AI-driven cyberattacks. In a statement to Fox News, National Economic Council Director Kevin Hassett says the government understands that powerful AI models pose a significant risk to the financial industry. “We’re…

IBM is sounding the alarm about Anthropic’s latest AI model, highlighting its capabilities in combining small weaknesses to launch full-system compromises. Earlier this week, Anthropic launched Project Glasswing, a project centered on the AI model Claude Mythos Preview, which had previously shown advanced offensive capabilities. Dave McGinis, vice president of Global Managed Security Services at IBM, says he took note of Claude Mythos Preview’s capabilities and found that “vulnerability chaining” sets the model apart from others. According to McGinis, vulnerability chaining is the ability to spot multiple minor flaws and link them together into a single, effective exploit. “This is…

Claude AI agents built to trade S&P 500 names just bought one stock that Wall Street believes will be destroyed by AI itself. In a new post on X, The Claude Portfolio says it is a public project that gave AI agents $50,000 for a stock-picking experiment to see how well Claude performs in trading over the long haul. The owner highlights that neither the account nor the experiment is affiliated with Anthropic in any way, but the experiment has so far outperformed the S&P 500. According to The Claude Portfolio, its AI agents just bought ServiceNow (NOW) with a…