James Altucher:

Wall Street CEOs Reportedly "Summoned" to D.C. by Scott Bessent and Jay Powell To Discuss AI Cyber Risks After Anthropic's Warning

The most powerful Americans in finance held an "urgent meeting" this week to discuss cybersecurity risks linked to new, powerful AI models – in particular, Anthropic's Mythos.

Bloomberg reports that U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell "summoned" the leaders of the biggest U.S. banks – all of which are considered systemically important – to D.C. on Tuesday "to make sure banks are aware of possible future risks" and ensure that they "are taking precautions to defend their systems," citing people familiar with the matter.

On Wednesday, Anthropic announced that it was releasing a version of its Mythos model to a select group of companies in an initiative called "Project Glasswing." The hope is that these firms will get a head start on shoring up their defenses before malicious actors have the chance to strike with these new tools.

"AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities," warned Anthropic, which said it's "found thousands of high-severity vulnerabilities, including some in every major operating system and web browser."

Separately, OpenAI is also reportedly concerned that an upcoming cybersecurity tool of its own is too dangerous to be released publicly, and has similarly allowed a small group of its partners to test it out.

⇒ Read More Here

Chris Campbell:

BitTensor AI Token Plunges as Top Builder Departs Over Decentralization Doubts

Tensions between the founder of BitTensor and a prominent firm building on the decentralized AI network have helped put TAO, the native BitTensor token, into a spiral, falling 18.5% in the last 24 hours amid the public drama. 

The plunge comes as Covenant AI, one of the best-known subnet operators on BitTensor's network, announced its intentions to leave the ecosystem altogether, alleging malfeasance by BitTensor founder Jacob Steeves, who it claims has acted out against the firm building on his network.

Dare alleged that Steeves suspended Covenant's subnet emissions, the method by which TAO distributes tokens to miners and validators for performance within subnets. He also alleged that Steeves exerted his control over Covenant's community spaces, hampering the firm's ability to communicate with its community. 

But Steeves denied the claims, alleging that it was Dare in fact who was deprecating community channels and deleting posts from within. 

TAO recently changed hands around $272.70. The token is down about 64% from its all-time high of $757 from May 2024.

⇒ Read More Here

Greg Guenthner:

Bitcoin Hits $73K As Cool U.S. CPI Data Shows 60-Year Record Gas Price Hike

Data from TradingView showed BTC price eyeing new multi-week highs as markets digested the March print of the Consumer Price Index (CPI).

This was the week's key macro data release, and the first CPI report to reflect the impact of the U.S. and Israel war in Iran.

Gasoline prices jumped over 21% month-on-month, the Bureau of Labor Statistics confirmed, but overall CPI finished 0.1% lower than markets' expectations.

"Over the last 12 months, the all items index increased 3.3% before seasonal adjustment," an official news release read.

Reacting, trading resource The Kobeissi Letter noted that the gas-price CPI jump was the largest monthly gain since 1967. The energy increase, it added in a further post on X, was the largest since 2005.

With the resulting mixed picture of inflationary forces, U.S. stocks were mostly flat at the open, while BTC price action also avoided major moves up or down.

⇒ Read More Here