ONE BIG THING<\/h3>\nThree guys using Anthropic\u2019s Claude hacked into OpenAI source code for $6,500 reward<\/b><\/h2>\n
Another day, another AI hack. OpenAI paid $6,500\u2014as part of its bug bounty program\u2014to reward a company that used Anthropic\u2019s Claude to hack into it, <\/span>the WSJ reported<\/span>.<\/span><\/p>\n The hackers were able to get into OpenAI\u2019s software repository on GitHub. There, they discovered a part of OpenAI\u2019s source code named \u201cMonorepo.\u201d Sources told the WSJ that Monorepo is the company\u2019s \u201csecret sauce\u201d that makes its models operate faster.<\/span><\/p>\n \u201cWe\u2019re just three guys with Claude and Codex subscriptions,\u201d Mohan Pedhapati of Hacktron AI told the paper.<\/span><\/p>\n Context:<\/b> This is the latest in a long series of hacks and security breaches perpetrated by, and targeting, OpenAI and Anthropic, which have been disclosed by both companies. And both companies have called for safety guardrails to allow AI to be developed at a pace that allows humans to review security threat capabilities before models are released to the public. AI models are finding cybersecurity holes faster than they can be patched, in essence.<\/span><\/p>\n The Barbie Effect: How Gap’s New CEO Is Trying to Fix A Retail Giant<\/span> | Fortune Daily<\/span><\/p>\n Kevin Warsh, an angry Trump and Jerome Powell D\u00e9j\u00e0 vu: how history is repeating itself<\/span> – Eva Roytburg<\/span><\/p>\n The same algorithm Gen Z fears is managing its portfolio<\/span> – Catherina Gioino<\/span><\/p>\n Data centers are swapping water for forever chemicals to keep AI cool<\/span> – Joshua Hong<\/span><\/p>\n I tried a 4-day workweek at my company and it failed \u2014 for some of my employees<\/span> – Bjorn Reynolds<\/span><\/p>\n Insilico Medicine\u2019s Alex Zhavoronkov bets China and AI can deliver the drug industry\u2019s next breakthrough<\/span> – Nicholas Gordon<\/span><\/p>\n Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments<\/span> – Marco Quiroz-Gutierrez<\/span><\/p>\n New unemployment claims are unusually low. In the week ended September 12, initial jobless claims fell by 10,000 to 196,000, below the <\/span>consensus expectation of 207,000<\/span>. Jefferies\u2019 Thomas Simons called it \u201cthe lowest numbers in years.\u201d<\/span><\/p>\n This chart from Grace Zwemmer at Oxford Economics shows the phenomenon: Layoffs this year are far below those of the prior three years.<\/span><\/p>\n <\/p>\n <\/span><\/p>\n U.S. futures were up this morning prior to the open in New York after the S&P 500 staged an impressive rise of 1.14% yesterday. The Fed\u2019s rate hike on Wednesday\u2014nominally bad for stocks because higher interest rates make new money harder to come by\u2014already feels like a distant memory.\u00a0<\/span><\/p>\n Stocks rose across the board in Asia despite the Bank of Japan raising rates by 0.25% to 1.25%. Traders were probably more focused on the price of oil, which slipped slightly to $102 per barrel.\u00a0<\/span><\/p>\n The only blot on the copybook was Europe, where stocks fell, probably in reaction to a Bloomberg survey which found that investors expect the European Central Bank to raise interest rates again before the end of the year, given that inflation in the euro area is still on the rise.<\/span><\/p>\n Normally, American stocks outperform the rest of the world but ever since the beginning of 2025, the reverse has been true, Peter Oppenheimer and his team at Goldman Sachs said in a recent note. During that time, \u201cThe U.S. equity market has been the weakest of the major regions, a turnaround from the dominant trend since the financial crisis and increasing investor returns from a more geographically diversified portfolio.\u201d<\/span><\/p>\n <\/p>\n <\/span><\/p>\n <\/p>\n <\/span><\/p>\n This chart demonstrates that the AI hyperscalers\u2019 debt is more expensive for them to issue because the market sees it as riskier than bank debt, according to Apollo Global Management\u2019s Torsten Sl\u00f8k. Credit default swaps (CDS) on corporate debt\u2014a type of insurance contract\u2014offer a yield above a standard risk-free rate from the Fed. The yields on bank CDS are 40 basis points above the risk-free rate, but the yield on hyperscaler debt is 100 bps above.\u00a0<\/span><\/p>\n \u201cWhat the market is repricing is hyperscaler credit fundamentals, namely a debt-financed AI capex cycle with rising leverage, negative free cash flow and uncertain payback on depreciating assets,\u201d <\/span>Sl\u00f8k argues<\/span>.<\/span><\/p>\n \u2014Liz Thomas, chief market strategist at SoFi, doing something analysts rarely do: Admitting their forecast was no good, on the record.<\/span><\/p>\n That\u2019s the number of basis points the Fed will now likely raise interest rates based on the historic correlation between the rate of inflation at the time of the first hike and the total number of hikes made before the central bank feels it has won its battle against rising prices. The correlation exists because, unsurprisingly, the higher inflation is, the more hikes the Fed must deliver to get it down.<\/span><\/p>\n As Deutsche Bank\u2019s Jim Reid said in an email, virtually no one is forecasting eight interest rate hikes in the foreseeable future. \u201cBut then when the Fed last started hiking in 2022, nobody was talking about over 400bps of hikes in the first year, with markets pricing just 200bps at the time. So, it serves as a reminder that markets have a tendency to underestimate the scale of Fed hiking cycles at the start,\u201d he said.<\/span><\/p>\n <\/p>\n <\/span><\/p>\n Trump Wants Putin to End the War. He May Offer Russia Business Deals First.<\/span> – NYT<\/span><\/p>\n Trump administration advances $24.3 billion fighter jet deal to Saudi Arabia as Houthis escalate attacks<\/span> – CNBC<\/span><\/p>\n Trump tells Axios he’s approaching major crossroads in Iran war<\/span> – Axios<\/span><\/p>\n Weeks Before the Midterms, Almost Everything Is Getting More Expensive<\/span> – WSJ<\/span><\/p>\n Venezuela nears deal to move $4bn gold reserve from London to New York<\/span> – FT<\/span><\/p>\n BOJ Hikes Rates in Split Decision After Bessent\u2019s Pressure<\/span> – Bloomberg<\/span><\/p>\n The majority of food is now bought through smartphones, according to new data from Visa Business and Economic Insights. The share of U.S. domestic spending online and in-app rose from 48% to 58% between 2019 and 2026, with similar jumps in the U.K., the U.A.E., Poland, Brazil, and Australia, <\/span>Fortune\u2019s<\/span><\/i> Catherina Gioino reports<\/span>. Streaming subscriptions now sit on more cards than cinema and concert spending in every market studied.<\/span><\/p>\n It\u2019s gotten so bad Americans are speaking roughly 28% fewer words a day than they did in 2007, a trend the researchers tied directly to the convenience economy. Regular contact with neighbors among young adults has fallen from 51% to about one in four in just over a decade.<\/span><\/p>\n \u201cUsing the self checkout is more efficient because \u2026 you don\u2019t have to waste time talking with the cashier,\u201d Valeria Pfeifer, one of the researchers behind the study, told <\/span>Fortune<\/span><\/i>.<\/span><\/p>\n And Americans now spend roughly 93% of their lives indoors, according to physician John La Puma, author of Indoor Epidemic. Part of that is driving brain fog, poor sleep, and chronic disease. \u201cYou\u2019re living like a zoo animal, no horizon, stale air, in a box,\u201d he told the Santa Barbara Independent. \u201cThat\u2019s not burnout. It\u2019s captivity biology.\u201d<\/span><\/p>\n \u00a0<\/p>\n<\/div>\n #guys #Anthropics #Claude #hacked #OpenAI #accessed #source #code #reward<\/p>\n","protected":false},"excerpt":{"rendered":" \u27a1\ufe0f Did someone forward this em… <\/p>\n","protected":false},"author":1,"featured_media":4646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7897,428,1638,1639,3622,515,516,7896,482,166,381,480,7898,7655],"class_list":["post-4842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-accessed","tag-anthropic","tag-anthropics","tag-claude","tag-code","tag-economics","tag-fortune-500-digest-weekday","tag-guys","tag-hacked","tag-markets","tag-news","tag-openai","tag-reward","tag-source"],"yoast_head":"\nMORE FROM FORTUNE<\/h3>\n
GOOD NEWS!\u00a0<\/h3>\n
Jobless claims hit \u2018the lowest numbers in years\u2019<\/b><\/h2>\n
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<\/div>\nTHE MARKETS<\/h3>\n
With the Fed in the rearview mirror, U.S. stocks are poised to resume rally<\/b><\/h2>\n
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U.S. stocks are well into their second year of meh<\/b><\/h2>\n
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<\/div>\nCHART OF THE DAY<\/h3>\n
Wall Street’s risk tax on AI hyperscalers\u00a0<\/b><\/h2>\n
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<\/div>\nQUOTE OF THE DAY<\/h3>\n
\u201cWell, I was wrong. I thought the Fed wouldn\u2019t hike interest rates. But I still believe a hiking cycle could do more harm than good.\u201d<\/b><\/h2>\n
NUMBER OF THE DAY<\/h3>\n
200 bps<\/b><\/h2>\n
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<\/div>\nTHE FRONT PAGES TODAY<\/h3>\n
ONE MORE THING<\/h3>\n
Your phone has isolated you like a \u2018zoo animal,\u2019 and your health is worse because of it, academics warn<\/b><\/h2>\n