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Risk Journal Podcast |
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The conflict between the U.S. and Iran could ultimately be reshaped by Yemen’s militant group, as it takes a vital port in the Red Sea. Also, artificial intelligence CEOs are urging a slowdown, but the practicality of doing so is questionable. | | |
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Compliance |
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Paul Atkins, chairman of the Securities and Exchange Commission. AL DRAGO/THE WASHINGTON POST/BLOOMBERG NEWS |
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Tokenized stocks get U.S. regulator’s green light to come ashore. |
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A top securities regulator cleared a path for trading venues to offer tokenized stocks in the U.S., a landmark decision that may overhaul traditional equity markets. |
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The Securities and Exchange Commission said it would exempt authorized trading venues from certain rules preventing trading in digital tokens that mimic shares of listed companies. |
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King Charles III urges AI chiefs to stop tech going rogue. |
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King Charles III waded into the AI debate on Thursday, gathering top tech executives in Scotland to urge them to hash out guidelines to keep the technology from spinning out of control. |
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The British monarch hosted executives from Nvidia, Anthropic, Google DeepMind and OpenAI, along with an AI adviser to the Vatican, and tasked them with building consensus to ensure the future of mankind is protected. |
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• India and China denounced a U.S. sanctions bill targeting the biggest importers of Russian oil and gas, arguing that the measures harm their economic interests, Risk Journal reports. |
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• Raiffeisen Bank International denied allegations made in a short-seller report about its business in Russia. In a report, short-seller Grizzly Research questioned the lender’s reliance on its Russian business and trade-sanction controls. |
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• It’s about to get a lot easier for brokers to have side gigs, so long as they aren’t investment-related. The Securities and Exchange Commission approved the relaxing of rules requiring brokers to report outside business activities. |
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• The U.S. Treasury sanctioned Bitbank, a cryptocurrency exchange the agency says is used to send funds to Iran’s regime from payments it charges commercial vessels to use the Strait of Hormuz, Risk Journal reports. |
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The amount software firm Air Space Intelligence won in a 12-year government contract as federal aviation officials prepare to launch an AI-powered air-traffic tool. |
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Risk |
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OpenAI CEO Sam Altman. BENJAMIN FANJOY/GETTY IMAGES |
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Hackers Used Anthropic’s Claude to Break Into OpenAI |
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Two weeks after a swarm of AI agents broke out of containment at OpenAI to hack the company Hugging Face, the ChatGPT maker learned about another AI-powered intrusion—and this time it was the target. |
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Independent security researchers had used Anthropic’s Claude software to gain access to an OpenAI employee’s ChatGPT account, giving them a way to read and suggest changes to the company’s private cache of software. |
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The team, who participated in an OpenAI bug-hunting program that offers a safe harbor for researchers to attempt to break into corporate systems, quickly reported their findings to the company. The team, to which OpenAI paid a $6,500 bounty, disclosed their work for the first time to The Wall Street Journal. |
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The new hack joins a long list of recent disclosures by leading technology companies and researchers alike of cyber intrusions aided by fast-evolving artificial-intelligence tools. Despite months of warnings about the capabilities of AI systems, the new intrusion shows how the complexity of today’s computer systems makes them difficult to defend. |
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Mastercard Joins Visa in letting AI bots do your shopping. |
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Big credit card companies that power the payments world see a time coming soon where AI bots do your shopping—even without checking with you before making purchases. |
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Executives across the payments world brace for AI-driven shopping, forcing them to reconsider risks, fraud and what to do about rogue AI agents |
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Mastercard rolled out an artificial-intelligence payment option Thursday for everyday purchases, through a partnership with the startup Alchemy, the companies said. The so-called agentic system would allow a virtual credit card to be
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