“The more I learn about people, the more I like my dog”… Scammers are targeting owners of lost pets with AI-altered images, exemplifying how AI enables more personalized, emotionally manipulative scams.
Waywardness: to behave in an unpredictable, difficult, or rebellious way… SEC Chairman Atkins: “Over the years, the SEC’s rules have multiplied faster than the problems that they were intended, or purported, to solve …. it is time for the SEC to end its waywardness.”
This wasn’t even on my agentic assistant’s business card… Agentic AI startups raised $24 billion last year across roughly 1,300 VC deals, increasingly displacing traditional SaaS investment as capital shifts toward autonomous software models.
All hat and no art or gold??? A Texas man was sentenced to 23 years in prison by a federal judge for stealing over $20 million from investors in a cryptocurrency scheme in which he falsely claimed his coins were backed by $1 billion in fine art and $44 billion in gold.
In other words, our AI does not provide any intelligence!!! Florida’s Attorney General is investigating whether OpenAI aided the Florida State University shooting, alleging ChatGPT offered significant advice to the shooter. OpenAI management’s response: “ChatGPT provided factual responses to questions with information that could be found broadly across public sources on the internet.”
“Let’s go surfin’ now, everybody’s learnin’ how”… PE firm Thoma Bravo acquired Medallia, which provides software for capturing and analyzing customer feedback, for $6.4 billion in 2021 – now mounting financial strain and lender negotiations suggest a restructuring with a likely equity wipeout.
This is NOT a repeat of the story in my post last week – entirely NEW hack!!! In the KelpDAO exploit, hackers stole $290 million of rsETH and posted it as collateral on Aave (the largest DeFi lending platform) to borrow liquid crypto, triggering a run as depositors withdrew funds amid fears of bad debt and potential insolvency.
“And the last known survivor stalks his prey in the night”… Giancarlo Lelli won Project Eleven’s Q-Day Prize with the largest real-hardware quantum attack on elliptic-curve cryptography (15-bit) – Bitcoin remains secure today, but the result underscores accelerating long-term risk.
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