Anthropic IPO is six times oversubscribed and on track to be the largest ever
Orders for Anthropic's IPO exceed available shares by six times, putting it on track to be the biggest public offering in history. Banks are rejecting buy orders from mainland China and Hong Kong, citing US export control rules.
Huge investor demand shows confidence in AI labs remains strong, which affects funding and competition across the industry.
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FBI says North Korean hackers stole over $400 million in crypto using deepfake video calls
The FBI says hackers tied to North Korea stole more than $400 million in cryptocurrency over 18 months in a social engineering scheme codenamed FaceStealer that used deepfake video calls. The finding was part of a coordinated set of US government actions.
Why it mattersA familiar face on a video call is no longer proof of identity, so crypto firms and finance teams need extra checks before moving money.
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OpenAI rolls out ChatGPT Wallet so AI agents can buy things without seeing your card number
OpenAI began rolling out ChatGPT Wallet, which lets its agents pay for purchases using a stand-in card number, so card details are not shared with the agent or the merchant. It was built with American Express, Mastercard and Visa, starts with US Pro subscribers, and requires biometric approval for each purchase.
Why it mattersLetting AI agents spend money for you is now a real product, so shoppers and merchants need to understand how approvals, tokenized cards and agent blocking will work.
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Nvidia board reportedly prepares to remove CEO Jensen Huang after second affair report
Nvidia's board is reportedly preparing to dismiss CEO Jensen Huang after a report of a second alleged affair, this time with an executive who reports to him. This comes days after he admitted an affair with a woman alleged to be a Chinese spy.
Why it mattersA leadership change at the company that supplies most AI chips could affect chip supply, AI investment and US-China tech tensions.
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Jensen Huang resigns as Nvidia CEO after spy and affair scandals; CFO Colette Kress named interim CEO
Nvidia's board accepted Jensen Huang's resignation as CEO, president and board member, effective immediately. It followed reports of two affairs, one with an alleged Chinese spy and one with an Nvidia executive who reported to him. CFO Colette Kress is now interim CEO.
Why it mattersThe world's most important AI chip company has lost its founder, which could affect AI hardware supply, markets and US-China tech security debates.
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Breach at AI provider Fireworks exposes some Notion AI chat transcripts
Notion disclosed that a security breach at its AI infrastructure provider, Fireworks AI, exposed Notion AI chat transcripts in fewer than 1% of workspaces. It is Fireworks' second data breach in two months.
Why it mattersWhat you type into AI features can sit with third-party providers, so companies must check the security of every vendor in their AI supply chain.
