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22.10.26 - 20:01
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Meta Doubles Down on AI Spending, Plans New Class C Shares (Bloomberg)
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Bloomberg's Ed Ludlow breaks down Meta's plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk's AI, robotaxi and robotics goals for the company as it weighs a potential merger with SpaceX. And OpenAI's models helped find a potentially catastrophic software vulnerability. OpenAI President Greg Brockman and Cloudflare CEO Matthew Prince explain how AI is enabling both defenders and hackers. (Source: Bloomberg)...
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22.10.26 - 19:18
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The AI Spending Profit Test, Blackstone′s Gray sees "Parabolic" Demand (Bloomberg)
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Get a jump start on the US trading day on "Bloomberg Open Interest." Meta tops Wall Street targets, but its AI spending surge raises fresh concerns. Tesla pulls back on spending, while Blackstone President Jonathan Gray pushes back on AI bubble fears. Plus, JPMorgan's Gabriela Santos and Goldman Sachs' Ben Snider break down whether the AI boom can deliver profits and where investors find the next winners. (Source: Bloomberg)...
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22.10.26 - 18:57
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AI Discovers Critical Security Flaw Affecting Technology Behind 70% Of All Websites (ZeroHedge)
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AI Discovers Critical Security Flaw Affecting Technology Behind 70% Of All Websites
Artificial intelligence has uncovered a potentially catastrophic security flaw in one of the internet's most widely used technologies, setting off a scramble among cybersecurity researchers, software developers, and website operators to prevent hackers from exploiting the discovery, according to the Wall Street Journal.
The vulnerability affects PHP, a programming technology that underpins as much as 70% of the world's websites. Researchers discovered that weaknesses in the way PHP handles computer memory could allow attackers to execute malicious code on vulnerable servers, potentially gaining control of websites, accessing sensitive information, and compromising visitors.
What makes the discovery particularly troubling is that the same AI technology used to identify the problem could also make it substantially easier for criminals to exploit it.
WSJ writes that the flaw, dubbed PHP2Shell, was uncovered in A...
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