News & Updates
The latest news and updates from companies in the WLTH portfolio.
OpenAI Launches GPT-5.5 in Enterprise Fight With Anthropic
OpenAI shipped GPT-5.5 on Thursday, its answer to Anthropic in what Axios calls a "code red" enterprise pivot. The new model handles messy agentic tasks without step-by-step prompting. But Anthropic's Claude Mythos still leads the coding benchmarks OpenAI declined to publish. The real fight isn't which model wins today. It's whether OpenAI's compute edge and Anthropic's recent stumbles on pricing, security, and capacity will decide the race before dueling IPO roadshows begin this fall. OpenAI shipped GPT-5.5 on Thursday. The company calls it the most capable model it has released so far. The pitch is blunt. Hand the thing an ambiguous task, skip the hand-holding prompts, and it plans its own path through the work. Codenamed "Spud," the model rolls out immediately to paid ChatGPT and Codex tiers. API access will follow once OpenAI bolts on extra cybersecurity guardrails. The timing tells its own story. GPT-5.5 lands one week after Anthropic pushed out Claude Opus 4.7. That much is the news. The question is what OpenAI is actually buying. Strip away the launch copy and GPT-5.5 looks less like a breakthrough than a bet. According to The New York Times, citing benchmark tests run by Vals AI, GPT-5.5 is not as powerful as Anthropic's Claude Mythos Preview. Anthropic's own system card put Mythos at 93.9% on SWE-bench Verified in April, the highest score any frontier model has logged on the industry's most-watched coding test. OpenAI did not publish a GPT-5.5 number on that benchmark in its Thursday announcement. That omission is its own data point. What OpenAI did ship behaves more like a colleague than a tool. Feed it a half-formed spreadsheet, a tangled research question, an inbox. The model plans, calls tools, checks its own work, keeps going. Greg Brockman, OpenAI's president, told reporters it is "a big step towards more agentic and intuitive computing," and said early-access teams saved up to 10 hours a week on grunt work. For a paying enterprise buyer, that pitch lands. It is also the same pitch Anthropic made six months ago. This is where the frame shifts. OpenAI is not trying to beat Anthropic on any single benchmark this week. It is trying to outlast Anthropic on every axis that will decide which lab walks into its IPO roadshow with leverage. Compute sits at the top of the list. OpenAI's own investor letter, reviewed by Axios, names compute capacity as the company's "key advantage." Nvidia's newer chips cut the cost of running GPT-5.5 by up to 35x per token, Axios reported Thursday. For a finance chief staring at the monthly AI bill, that number hits harder than any SWE-bench score. Anthropic CEO Dario Amodei has publicly warned that aggressively scaling compute is risky given uncertain demand, even as Anthropic announced on Monday an expanded Amazon partnership for up to five additional gigawatts of compute. One company is spending to grow users. The other is spending to protect margins. You can guess which posture IPO investors prefer in April 2026. Distribution is axis two. ChatGPT serves hundreds of millions of consumer users, all of whom now reach GPT-5.5 by default on paid tiers. Claude's base is smaller and tilts toward developers. OpenAI chief revenue officer Denise Dresser has activated consulting partners to deploy Codex inside large enterprises and told employees in a leaked memo that "the market is as competitive as I have ever seen it." Translation: the go-to-market spend is about to spike. Anthropic does not have the same channel muscle. It is building one in real time, under pressure. Then there is axis three, the one Anthropic gift-wrapped. Over the past two months, the company that looked untouchable in enterprise AI started looking cornered. Axios laid the cascade out on Thursday: perceived declines in Opus 4.6 that developers blamed on a quiet downgrade, a mixed reception for Opus 4.7 on pricing and bugs, a capacity crunch forcing tighter rate limits, a software update that exposed internal Claude Code files, and a Tuesday pricing shift that yanked Claude Code from some $20-a-month Pro plans before the company softened it as a "limited test." Anthropic looks blindsided by its own success. OpenAI senses the opening. So does OpenAI's chief executive. Sam Altman accused Anthropic this week of "fear-based marketing" over its tightly controlled Mythos rollout. Dresser's leaked memo branded Anthropic "elitist" and alleged it has overstated its revenue run rate by billions. OpenAI engineers, egged on by Altman, openly mocked Claude on social media during the Claude Code pricing backlash. Both CEOs used to signal that the AI race had room for multiple winners. That pretense is over. You can feel the tonal shift. Anthropic looks defensive now, guarding a lead that was, until recently, still expanding. OpenAI looks emboldened, releasing on a seven-week cadence that reads as confidence, not catch-up. This is not the pace of the company that shipped the GPT-5.2 point-release in December, scrambling after Gemini 3 humbled it. This one has found its second wind. The model does not need to dominate benchmarks for this strategy to work. It needs to be good enough that enterprise buyers currently hedging between labs can consolidate on OpenAI without feeling stupid. It needs to cut inference costs enough, through Nvidia's new silicon and OpenAI's own efficiency work, that CFOs stop auditing AI as a suspect line item each quarter. And it needs to keep shipping fast enough that Anthropic cannot rebuild narrative momentum between releases. Reports from Startup Fortune put the efficiency gains at roughly 15% latency reduction and 20% lower computational overhead against the GPT-5 base, though those are OpenAI's own figures and will need independent validation before anyone books them. If they hold up under production load, they matter more than the next leaderboard shuffle. Enterprise buyers now treat AI inference the way they treat any cloud line item. They want predictable, falling costs paired with stable or improving output quality. Nothing else. That is what attrition looks like in practice. Not a knockout. A slow squeeze. Both labs are now pricing themselves for public markets that expect monopoly economics out of a duopoly fight. Anthropic is reportedly eyeing an IPO valuation near $800 billion against $30 billion of 2026 revenue, per Axios. OpenAI's numbers will run larger. Neither company can afford for the other to pull ahead. Neither can absorb the customer churn that follows a botched release. Every week Anthropic spends firefighting a Claude Code outage is a week OpenAI's consulting partners pitch Codex as "the steady choice." Every week OpenAI trails on benchmarks is a week Anthropic's sales team flashes the SWE-bench chart at a Fortune 500 procurement officer. The winner of this fight will not be the lab with the best model at any single moment. It will be the one whose customers renew without wincing. Watch enterprise contract renewals through summer. That is where this gets decided, not on a blog post about Spud.
Anthropic's Shadow Trillion: How Secondary Markets Crown the New AI King Over OpenAI
Private shares in Anthropic now trade at a $1 trillion valuation on platforms like Forge Global. That's the mark as of April 23, 2026. OpenAI trails at $880 billion there, down from its March primary round at $852 billion. Desperate buyers chase dwindling supply. Forge Global CEO Kelly Rodriques confirmed the $1 trillion hover to Business Insider. One shareholder dangled shares at $1.15 trillion. A prominent growth fund bid $1.05 trillion. Rainmaker Securities CEO Glen Anderson calls it an "epic run." "Everybody wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position," he said. Shares vanish fast. "We get an offer, and then within a day someone else has already bought it. There are almost no sellers." Three months back, Anthropic closed Series G: $30 billion raised, $380 billion post-money, led by GIC and Coatue, per the company's announcement. Secondary prices have more than doubled since. Revenue fuels the fire. Run rate hit $30 billion by late March, up from $9 billion end-2025, according to posts from Lenny Rachitsky and others on X. But OpenAI? Tepid. "The sentiment has certainly shifted to Anthropic," Anderson noted. Its shares dip below primary valuations amid slumping demand. Anthropic's Claude models draw enterprise heat. Code generation shines. Buyers span venture firms, family offices. FOMO drives bids. Wisdom Ventures' Bradley Horowitz fields "daily offers from the ridiculous to the sublime." They hold: "We are playing a long game." OpenHome founder Jesse Leimgruber dubbed a $1.05 trillion offer "absolutely wild" on X. Secondary Surge Signals Broader AI Reordering These platforms -- Forge, Augment -- set private benchmarks. On Augment, Anthropic's Q1 trading volume tripled, share price up 59%, implying $613 billion by quarter-end, WSJ Pro reported April 17. U.S. venture secondaries hit $106 billion in 2025, per PitchBook, nearing IPO scale. Investors bet on IPOs. Anthropic whispers surface. VCs pitched up to $800 billion weeks ago, another Business Insider piece detailed. Amazon piled on: $5 billion fresh at around $350-380 billion base, up to $20 billion more tied to milestones, per Quartz April 22. Revenue tells why. $1 billion ARR December 2024. $9 billion December 2025. $19 billion February 2026. $30 billion April. Explosive. TechCrunch noted April 14 how this erodes OpenAI confidence, with shares discounted there too (link). Sellers scarce. Employees, early backers cash out little. Saints Capital's Ken Sawyer tracks it. Demand feverish. Anderson again: It's less returns, more bragging rights. "It's almost less about the return than being able to say they're an Anthropic investor." Rivals watch. Euronews pegged VC offers at $800 billion April 18, tying OpenAI then (link). Now flipped. X buzz confirms: StockStorm, Six Markets hailed the trillion cross April 17. Risks lurk. No profitability till 2027, some reports whisper. Compute crunches. But momentum rules secondaries. Anthropic overtook. OpenAI scrambles enterprise pivot. Trillion-dollar private club grows. SpaceX eyes $1.75 trillion IPO. OpenAI chased $852 billion primary. Anthropic leads shadow markets. Insiders race in. Sellers? Nowhere. Markets price belief. Claude's edge. Revenue rocket. IPO path clears. Anthropic sits pole position.
Elon Musk's SpaceX Teams Up With Cursor for AI Coding: How Rockets and AI Fit Together
Elon Musk's SpaceX announced on Wednesday that it is partnering with coding platform Cursor to build new AI models. As part of this deal, Cursor gave SpaceX the right to acquire the company later this year for $60 billion or to pay $10 billion for their work together. Cursor said in a blog post that its work has been "bottlenecked by compute," meaning it hasn't been able to develop more advanced models due to a lack of the necessary hardware and computing power. SpaceX's Colossus supercomputer, a data center-like complex in Memphis, Tennessee, is the solution, the two companies agreed. SpaceX said the supercomputer has the equivalent of a million H100 Nvidia chips, one of the most popular GPUs for AI development. The deal highlights the growing role of agentic coding tools beyond just software companies and developers. The potential acquisition also raises the possibility that Cursor could bring agentic coding abilities to xAI's Grok, a notable hole in its current offerings compared to popular competitors like Anthropic and OpenAI. Here's what you need to know about the deal. Cursor is an AI coding platform meant to help software engineers and vibe code enthusiasts alike. Composer's coding model, Cursor, is agentic. That means it can autonomously write code and run tasks. Nvidia CEO Jensen Huang called Cursor his "favorite enterprise AI service" in an October interview. The AI industry is fickle, and the opinion of a major leader like Huang isn't just free marketing -- it controls funding, directs research, shapes public opinion and ultimately determines whether a company is successful. The new partnership with SpaceX is likely to help solidify Cursor as a household name. These kinds of AI coding tools, like Anthropic's Claude Code and OpenAI's Codex, have been very popular this year due to their ability to create things with AI, compared to a chatbot giving an answer based on existing information. They've also sparked a lot of debate and concern about the future of the software business as AI agents become increasingly capable of helping real humans. The SpaceX and Cursor partnership is most immediately about getting the resources to create more advanced AI models, with the lofty goal of creating "the world's best coding and knowledge work AI." That could certainly be used in SpaceX's rocket launches, but the scale of its business means the AI could be used in a variety of ways. SpaceX and Cursor did not immediately respond to requests for additional comment. Elon Musk has talked at length about transforming X (formerly Twitter) into his dream super app, similar to China's WeChat, which does social media, payments, messaging and more. While X is still solidly a social media app, with a heavy dose of Grok AI, he's building out an mega-congolmerate of companies under the X name. In February, SpaceX merged with xAI. That deal brought SpaceX's rocket business, Starlink satellites, the X social media platform and xAI's Grok chatbot under one parent company. Tesla isn't included. The Grok AI chatbot is probably best known now for creating nonconsensual sexual AI images, which prompted outrage and investigative inquiries at the beginning of the year. Adding Cursor to SpaceX and, theoretically, xAI's business would bolster its appeal to enterprise customers who want coding tech for work. The merger would bolster SpaceX's anticipated summer IPO, which would take the company public and allow people to buy shares of stock. Initial estimates say SpaceX could have the largest IPO ever, valued at $1.75 trillion. Musk has a financial stake or executive title in each business, so a successful merger and IPO would make the world's richest person even richer. There's no guarantee that SpaceX will acquire Cursor at the end of its deal. Bloomberg reported that the structure of the Cursor deal is partly because an outright acquisition now could further complicate the planned IPO -- already a nightmare of filings and paperwork. Musk is also a notoriously mercurial businessman, changing his mind and direction many times before deals are officially sewn up. His acquisition of Twitter was a long, drawn-out saga, where he tried to back out of his purchase before ultimately taking over and immediately changing the platform.
Figma (FIG) Stock Plummets 9% as Anthropic's Claude Design Enters the Arena - Blockonomi
CEO Dylan Field offloaded 250,000 FIG at $30.80 in February; insiders collectively sold approximately 1.06M shares over 90 days Figma (FIG) shares tumbled 8.7% during Thursday's session, settling at $17.51. The design platform stock hit an intraday bottom of $17.70, finishing significantly beneath its prior close of $19.17. Figma, Inc., FIG Volume registered around 3.9 million shares -- representing a dramatic 73% decline from the typical daily average of 14.6 million. Such reduced liquidity often exaggerates price swings in both directions. The primary catalyst for recent selling pressure emerged last week when Anthropic unveiled Claude Design, an AI-driven design platform marketed as a direct challenger to Figma, Adobe, and Canva. Claude Design's arrival creates a challenging dynamic for Figma. AI-powered design solutions continue advancing rapidly, and investors are taking notice. That being said, Claude Design currently appears better suited for amateur creators and casual users rather than enterprise professionals. Figma's primary audience -- seasoned designers working within large corporations -- hasn't demonstrated any meaningful migration away from the platform. Figma boasts a user base exceeding 13 million. Approximately 95% of Fortune 500 enterprises rely on its tools. This established customer foundation doesn't typically shift platforms hastily. Nevertheless, the stock has surrendered nearly 80% of its value from post-IPO highs. Figma debuted publicly in mid-2025, recording the most substantial single-day percentage gain for a U.S. company of comparable size in thirty years. The trajectory has reversed dramatically since. Market capitalization currently hovers around $7.6 billion, representing a stark departure from the IPO-day optimism. Figma's latest quarterly report actually delivered impressive numbers. The company posted Q4 EPS of $0.08, surpassing consensus forecasts of -$0.20 by a substantial $0.28 margin. Revenue reached $303.8 million, marking a 40.1% year-over-year increase. As context, Figma crossed the $1 billion annual revenue threshold for the first time during 2025, with international sales expanding 45%. Gross margin stands at a robust 82.43% -- indicative of strong unit economics for a software enterprise. The challenge isn't revenue generation. It's achieving profitability. Figma operates with a negative net margin of 121.87% and a negative return on equity measuring 97.03%. Wall Street analysts project full-year EPS of -$0.69. The P/E ratio registers at -5.51, signaling that markets aren't yet valuing this as a profit-generating operation. Insider transactions have accelerated recently. CEO Dylan Field liquidated 250,000 FIG at $30.80 during late February, generating proceeds of $7.7 million. General Counsel Brendan Mulligan divested 4,817 FIG at $26.30 during March. Collectively, company insiders have sold approximately 1.06 million FIG valued at roughly $30.5 million throughout the preceding 90 days. Insider ownership remains substantial at 45.2% of outstanding shares. Regarding Wall Street sentiment, the consensus recommendation stands at Hold, with an average price objective of $43.25 -- representing a considerable premium to current trading levels. Among 15 analysts tracking the stock, four maintain Buy ratings, ten recommend Hold, and one advises Sell. The 50-day moving average sits at $23.84. The 200-day moving average stands at $34.23. FIG currently trades substantially below both technical benchmarks.
UK in talks with Anthropic over Mythos access for banks and business
Anthropic is in active talks with the UK government over rolling out its powerful Claude Mythos model to British businesses eager for access to technology that has raised alarm for its ability to expose cyber security vulnerabilities. Officials are discussing an expanded rollout of the powerful AI model by the San Francisco-based company to key UK-based organisations, according to people familiar with the matter. Banks and financial institutions are among those seeking to get expedited access to the technology to help strengthen their cyber security, but Anthropic told the FT it would not commit to a timeline on this. In light of the risks posed by the model, Anthropic has been rolling Mythos out gradually, first to a select group of 40 organisations that are almost exclusively American. This includes Amazon and Microsoft as well as large banks such as JPMorgan Chase and Morgan Stanley. One executive at a large UK company said they had been discussing the specific vulnerabilities that Mythos exposed with American companies that have access to the model. They added that groups were in discussions with Microsoft about securing "patches" -- technical fixes that close off vulnerabilities found by Mythos. This has allowed companies to begin bolstering their software before they have access to the technology. JPMorgan Chase chief Jamie Dimon has privately warned about the importance of Mythos for the banking sector and the risks that it raises. He cautioned a UK banking executive that organisations should tread carefully with Anthropic's new tool and advised it should be deployed in co-ordination with the government, according to people familiar with the conversation. Similar warnings have been made by regulators, central bankers and cyber security leaders around the world. On Tuesday, German central bank chief Joachim Nagel called for all institutions to have access to Mythos to ensure a level playing field and avoid misuse. The Bundesbank head said in a speech: "This AI model seems to be a double-edged sword, since it could be used not only to improve digital security systems, but also to leverage their vulnerabilities for malicious purposes." Anthropic unveiled its latest model earlier this month and touted its ability to detect cyber security flaws faster than humans, a feature that has stoked fears worldwide it will generate "exploits" that bad actors can use to take advantage of them. Earlier this week, Anthropic said it was investigating reports that a group of users gained unauthorised access to Mythos through third parties. The UK is the only known government outside the US to have accessed a preview of the model, via its AI Security Institute, a research body that tests frontier AI systems before release. The institute has said that Mythos represents a step up over previous AI capabilities and is able to exploit vulnerabilities "that would take human professionals days of work". Technology minister Liz Kendall and security minister Dan Jarvis warned in a joint public letter last week that "AI cyber capabilities are accelerating even faster than had been previously envisaged" in light of Mythos and urged businesses to fortify their cyber defences. UK lenders also raised the topic with chancellor Rachel Reeves at a roundtable catch-up on Wednesday. Leading British banks, insurers, exchanges and regulators met this week to discuss the cyber security risks of Mythos and AI models more generally. The cross-market operational resilience group, which is co-chaired by the Bank of England and the UK Finance banking trade association, said the meeting had "reflected on the challenges these models present from a cyber security perspective". It said companies had agreed to use AI "to strengthen cyber defence, for example through ongoing efforts to reduce the attack surface available; improving threat detection and investigation; and further exploration into automating mitigation and response measures". The Department for Science, Innovation and Technology did not immediately respond to requests for comment. Additional reporting by Martin Arnold in London
The Guardian view on Anthropic's Claude Mythos: when AI finds every flaw, who controls the internet? | Editorial
Tech can scale cyber-attacks and defences alike, raising questions about private power, public risk and the future of a shared internet Anthropic announced its latest AI model, Claude Mythos, this month but said it would not be released publicly, because it turns computers into crime scenes. The company claimed that it could find previously unknown "zero-day" flaws, exploit them and, in principle, link these weaknesses in order to take over major operating systems and web browsers. Mythos did so autonomously, writing code and obtaining privileges. The implications are significant. It's like a burglar being able to target any building, get inside, unlock every door and empty every safe. The Silicon Valley company has so far named 40 organisations as partners under Project Glasswing to help mount a defence - asking them to "patch" vulnerabilities before hackers get a chance to exploit them. All are American, sitting at the heart of the US-led digital system. Anthropic shared Mythos with only Britain outside the US, allowing the AI Security Institute to test frontier models. After seeing it up close, British ministers warned: AI is about to make cyber-attacks much easier and faster, and most businesses are not ready. Banks in Europe are likely to test it next. This may not be a moment too soon. Reports of unauthorised access surfaced this week - raising the question whether any private company can be trusted with a capability like this. Mythos doesn't necessarily create a new kind of cyber threat. It turns a latent weakness into a systemic risk. Hacking has traditionally been hard and time-consuming, requiring skills that few people have. But AI tools are spreading fast, putting system breaches within reach of many - not just experts. A poacher can also be turned into a gamekeeper. Mozilla tested Mythos on its Firefox browser: it found 10 times more flaws than before - and fixed them. Crucially, none were ones a human couldn't spot. What changes is that AI discovers "cyber vulnerabilities" quickly, cheaply and at scale. The US government's embrace of Anthropic marks a shift. In February, the Pentagon deemed the company a "security risk" and cut it off from lucrative deals after it refused to allow its technology to be used for mass surveillance or autonomous weapons. OpenAI got the contract instead. Anthropic, with its Claude chatbot, has long pitched itself as the ethical alternative among its competitors - though its image was dented by a $1.5bn piracy settlement last year. Mythos is powerful, but Anthropic's PR has shaped the narrative as much as the technology. There is also a question of how advanced Mythos really is. Researchers have shown that smaller, cheaper models deployed at scale can do similar feats. What seems a breakthrough may reflect a broader shift across the field. The White House thinks that Anthropic has strategic value - inviting it back into the fold and signalling a shift from treating AI firms as contractors to partners. That raises a deeper concern: whether private firms' control of critical infrastructure risk is wise - especially if less responsible actors gain technical leverage. Clearly, whoever - state or firm - creates the most powerful AI models will gain geopolitical advantages over friends and foes alike. Without a framework for international coordination over cybersecurity, however, there risks being not one secure internet, but a number of competing ones - each "patching" its own system and fully trusting none of the others. It would no longer be a global commons. Instead, the web would be carved into security alliances, guarded more closely, even as something wider slips quietly away.
SpaceX files confidentially for IPO, potential $2T valuation
The June 30 market moved up on news of SpaceX's potential $1.75-2 trillion valuation. The September 30 IPO market sits at 91.5%, and the December 31 market is at 92.5%. The spread between the April 30 and June 30 markets, a 70-point leap, suggests traders expect a catalyst within the next two months. SpaceX is filing alongside other large private companies like OpenAI and Anthropic that are also moving toward public listings. SpaceX's filing during the Iranian conflict doesn't suggest an escalation, pointing instead to a focus on macroeconomic stability. The size of SpaceX's expected valuation makes this one of the largest IPO candidates in history. What to watch Daily volume on the June 30 market is $1,155 in USDC, with $4,330 needed to shift the price by 5 percentage points. This is a moderately liquid market where a single large trade can move the price. The largest recent move was a 2-point spike at 1:50 PM after the filing news. Buying YES at pays if SpaceX goes public by June 30. That bet requires believing the IPO process accelerates in the coming weeks. Key signals: completion of the confidential filing process, a public S-1 filing, or IPO pricing announcements. Any of these would likely drive sharp movement in the market.
Microsoft reportedly explored buying Cursor as SpaceX secures rights to acquire the AI startup for $60 billion
Microsoft reportedly explored acquiring AI coding startup Cursor before SpaceX secured the rights to acquire the company in a deal valued at $60 billion. According to a CNBC report, people familiar with the matter claim that Microsoft considered making a move as part of its broader efforts to expand its position in the growing market for AI development tools. However, the company ultimately decided not to proceed with the bid.This move is happening at a time of stiff competition in the AI code-generation tool market, with all players focusing on developing software assistants for developers. Though Microsoft has been making good progress with its GitHub Copilot tool, Cursor has also made strides in this market segment. Microsoft has also positioned itself as an investor and cloud provider, supporting AI companies through its Azure platform.SpaceX confirmed earlier this week that it has agreed to acquire Cursor by the end of the year or pay the company $10 billion if the deal does not go through. In a post on X, the company said, "SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI." Cursor CEO Michael Truell added on X that he's "excited to partner with the SpaceX team to scale up Composer," referring to the company's AI model.The agreement comes near the end of Cursor's fundraising phase, with some potential investors reportedly caught off guard by the development. Cursor's venture capital firms first raised capital for it at a valuation of about $50 billion amid high demand for app-building tools. SpaceX had also offered Cursor access to compute resources in the weeks leading up to the announcement.The move follows Elon Musk's decision earlier this year to merge SpaceX with his AI startup xAI in a deal valued at $1.25 trillion as the combined entity prepares for a potential public listing.Meanwhile, Microsoft continues to expand its AI offerings. Earlier this year, Microsoft CEO Satya Nadella said that GitHub Copilot had 4.7 million paying subscribers, reflecting growth in adoption. At the same time, OpenAI's Codex has reached 4 million active users, while Anthropic's Claude Code service has seen increased usage, helping the company reach $30 billion in annualised revenue.
Anthropic Mythos Develops Into Insignificant Outcome * The Register
Anthropic's Mythos model is designed to discover software vulnerabilities, yet its release has stirred concern. Initially introduced under the Project Glasswing initiative, the model was restricted to select organizations for vulnerability assessment. Recent developments, however, reveal that unauthorized access to Mythos occurred, heightening cybersecurity concerns. Unauthorized Access Incident On a Wednesday, an Anthropic representative confirmed that individuals outside the Glasswing partners might have accessed the Mythos model. This access was not through Anthropic's authorized production API. The spokesperson stated, "We're investigating a report claiming unauthorized access to Claude Mythos Preview through one of our third-party vendor environments." The third-party vendor, linked to Anthropic's model development, has not been publicly identified. According to Bloomberg, a small group exploited their knowledge of the model's online location, derived from prior leaks, to gain access. Mercor Data Breach This unauthorized access coincided with a data breach at Mercor, an AI staffing firm that supplies contractors to major AI labs. Earlier in the month, Mercor acknowledged being affected by the LiteLLM supply-chain attack. Reports suggested that the intruders, identified as members of a private Discord channel, began accessing Mythos the same day Anthropic announced Project Glasswing. Mythos' Capabilities and Limitations Despite its marketing hype, early user feedback about Mythos indicates limitations. While organizations like AWS and Mozilla have praised its speed in identifying vulnerabilities, it has not outperformed elite human cybersecurity researchers. Mozilla's CTO, Bobby Holley, disclosed that Mythos found 271 vulnerabilities in Firefox but acknowledged that any vulnerabilities it discovered could also have been identified by skilled human researchers. Claims of Overhype Researchers have raised concerns about the veracity of the claims surrounding Mythos. While Anthropic touted its ability to discover "thousands of high- and critical-severity vulnerabilities," critics argue these numbers are exaggerated. For instance, VulnCheck researcher Patrick Garrity estimated the actual count at around 40, and no confirmed zero-day exploits were documented. Claims regarding 181 Firefox vulnerabilities were also scrutinized, revealing that most findings stemmed from environments without standard security measures. Concerns in the Cybersecurity Community Experts have mixed reactions about unauthorized access to Mythos. Snehal Antani, CEO of Horizon3.ai, stated the security community should not overreact. He emphasized that adversaries do not require Mytos for vulnerability research; existing open-source models already facilitate this process. * Unauthorized Access: Occurred via a third-party vendor. * Vulnerability Discovery: Mythos' findings are comparable to skilled human researchers. * Hype vs. Reality: Reports indicate exaggerated claims of Mythos' capabilities. The incident surrounding Anthropic's Mythos model illustrates the challenges of maintaining security and managing expectations in the rapidly evolving AI landscape. As the investigation continues, the cybersecurity community watches closely, evaluating the model's true potential and implications.
When will SpaceX and Anthropic IPO? SuRo CEO says quality drives decision
Investing.com -- The pipeline of highly anticipated potential initial public offerings represents a significant opportunity for public market investors, but the timing of landmark listings from companies like SpaceX, OpenAI and Anthropic will ultimately be driven by strategic conditions rather than necessity, according to SuRo Capital CEO Mark Klein. In an exclusive interview with Investing.com, Klein argued that the most consequential names approaching the public markets are under no pressure to list. "Companies like SpaceX, Anthropic, and OpenAI have demonstrated a sustained ability to raise significant capital in the private markets," he said, adding that they "will initiate IPOs when they determine the market environment optimally supports their valuation and strategic goals." With broader markets around all-time highs, Klein noted there is a "clear increase in market attention for these offerings." On concerns that a wave of large IPOs could drain market liquidity, Klein pointed to the scale of available capital. OpenAI's recent financing, he said, demonstrates that "substantial capital remains available and ready to be deployed into high-quality assets." "Given this demand for companies like those in our portfolio and the broader categories we invest in, we believe SuRo plays an important role in the current ecosystem," he added. "We offer an advantage by providing investors with pre-IPO exposure to these companies, combined with the liquidity of a publicly traded stock, allowing our shareholders to participate in value creation well before a public offering." Klein struck a notably different tone on the current IPO pipeline compared to the 2020-2021 boom. "While the 2020 and 2021 period was characterized by high valuations and subsequent market corrections, the current pipeline features companies with strong, demonstrable financial metrics." He cited Canva, with 265 million monthly active users and $4 billion in revenue, and Whoop, which is delivering 100% annual growth, as examples of companies with the structural scale to support their valuations. Both names are SuRo Capital portfolio companies. SuRo's own net asset value was expected to rise to between $14.00 and $14.50 per share as of March 31, 2026, driven in part by OpenAI's latest financing round and WHOOP's Series G at a $10.1 billion valuation. The company previously remarked that the developments "reinforce both the scale of demand we are seeing and the continued maturation of several notable pre-IPO businesses within our portfolio."
Anthropic just overtook OpenAI with $1 trillion valuation
Anthropic is now valued higher than its main competitor, OpenAI, according to share sales on secondary markets. The artificial intelligence firm hit a $1 trillion valuation on Forge Global, a financial platform that allows investors to acquire shares from private companies. The figure is considerably higher than the $380 billion that Anthropic was valued at during a funding round three months ago. ChatGPT creator OpenAI is currently trading at around $880 billion on Forge Global - roughly equivalent to its $852 billion valuation from its latest funding round. The inflated value of Anthropic, which owns the Claude chatbot, appears to come from a shortage of available shares, with shareholders reportedly being inundated with unsolicited offers for their stakes. "Just got offered a $1.05 trillion valuation on my Anthropic shares from a very well known growth fund," Anthropic investor Jesse Leimgruber wrote in a post to X. "Absolutely wild." Investor interest has been driven by Anthropic's revenue growth, which has risen rapidly amid mass adoption of its Claude Code tool among developers, as well as partnerships with tech giants like Amazon and Palantir. The firm's annualised run rate rose from $9 billion in late 2025 to $39 billion in March 2026, according to figures seen by Business Insider. "We receive daily offers, from the ridiculous to the sublime," Bradley Horowitz, a partner at Wisdom Ventures and an early investor in Anthropic, told the publication. "It's almost less about the return than being able to say they're an Anthropic investor." Rainmaker Securities CEO Glen Anderson, who received an offer to buy Anthropic shares at a $960 billion valuation, added: "It's been an epic run for Anthropic. Everybody wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position." Some people have even offered to exchange their property for Anthropic shares, according to a post on Linkedin. The Independent has reached out to Anthropic and OpenAI for comment.
FM Sitharaman Flags 'Unprecedented' Threat From Anthropic's Mythos AI Model
Amid the rising emerging issues linked to "Mythos" Finance Minister Nirmala Sitharaman on Thursday flagged the 'unprecedented' threats from Anthropic's AI model. She also advised the Indian Banks' Association (IBA) to develop mechanism to respond to threats. "Nature of the emerging threat from the latest AI Model is unprecedented and requires a very high degree of vigilance, preparedness and better coordination across financial institutions and banks," said Sitharaman. The Finance Minister also directed banks to engage in best available cybersecurity professionals and agencies to strengthen monitoring capabilities of banks. In addition she advised Banks to immediately report suspicious activities to authorities. Sitharaman urged banks to establish mechanism for real-time threat intelligence sharing with CERT-In and agencies. This comes after she chaired a high-level meeting with banks and key stakeholders to assess the potential impact of emerging issues linked to "Mythos" on India's fast-growing fintech ecosystem, according to sources familiar with the matter. ALSO READ: FM Sitharaman Chairs Meeting On Mythos Impact On Indian Fintech Ecosystem: Sources The meeting with PSBs on cybersecurity and AI was also attended by Ministry of Electronics and IT officials, DFS Secy and CERT-In officials. The meeting comes amid rising concerns within the financial sector over disruptions and risks associated with Mythos, prompting the government and regulators to step in for a closer evaluation. Officials indicated that the discussion focused on understanding the nature of the issue, its transmission channels within the banking and fintech landscape, and any possible systemic implications. Sources added that the finance minister emphasised the need for coordinated action between banks, fintech firms and regulatory bodies to maintain trust in the system. Ensuring consumer protection and safeguarding transaction integrity were key themes during the discussions. Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories -- On NDTV Profit.
A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located | Fortune
The AI model that Anthropic billed as too dangerous to release has reportedly been accessed by an unauthorized third party, and the incident raises concerns about the future of cybersecurity. The Mythos model was reportedly accessed by a handful of users in a private Discord chat on the day it was announced publicly, Bloomberg reported. Earlier this month, the group was able to access the program in part because one of the members of the group is a third party contractor for Anthropic, according to Bloomberg. Using this access, the group was able to guess where the model was located based on previously leaked knowledge by another group about Anthropic's past practices, that hackers obtained from AI training startup Mercor. Although the group that accessed it has not been using the model for cyberattacks, it has been using the program continuously since its release and still has access, the outlet reported. Anthropic did not immediately respond to Fortune's request for comment. A spokesperson from Anthropic told Bloomberg the company was "investigating a report claiming unauthorized access to Claude Mythos Preview through one of our third-party vendor environments." The fact that the model was leaked so quickly doesn't surprise David Lindner, the chief information security officer at Contrast Security and a 25-year industry veteran. Even though Anthropic intentionally limited the model to a small group of 40 companies -- including Microsoft, Apple, and Google -- to beef up their security ahead of a wider release, thousands of people likely had access to the program across these companies, which makes a leak nearly inevitable, he said. "It was bound to happen," Lindner said. "The more they add to this elite group, the more likely it was to get released to someone who shouldn't probably have access to it." Anthropic claims its Mythos model is more adept at finding cybersecurity vulnerabilities than previous versions. The company was able to use the program, which has not been widely released, to find a 27-year-old security vulnerability in OpenBSD, an operating system known for its security. Mozilla on Tuesday also said it used a preview of the model to identify and patch 271 vulnerabilities in its Firefox web browser. And yet, Mythos' release has been plagued by security breaches from the start. Fortune was the first to report on the model's existence thanks to a security lapse that exposed details about the large language model in a publicly accessible database. For Lindner, this most recent unauthorized access shows it's likely U.S. adversaries already have access to this tech which could put U.S. companies and other systems at risk of attacks. "If some group -- some random Discord online forum, got access to it. it's already been breached by China," Lindner told Fortune. Although Lindner is still unsure how much of Mythos' supposed danger is real or just marketing hype -- OpenAI's Sam Altman this week called Anthropic's promotion of Mythos "fear-based marketing" -- it's clear cybersecurity professionals, or defenders, need to be ready for a new world of AI attacks. "The real thing is there's a real compression of timelines here for defenders," he said. AI is unique in its abilities to execute cyberattacks because it never gets tired, said Lindner. It can relentlessly tackle a weak spot in a company's security system, whereas a human may eventually give up. It also empowers less experienced developers to commit cyberattacks partly by drawing on the myriad documentation available on the web about previous exploits and using it to inform an AI model and adjust its attacks for specific situations. "It's the folks that have some sort of [developer] background or some sort of technical background that may have had some limitations in the past of getting over things or taking too long to do stuff, it makes this stuff way easier now," he said. Lindner said the fact that the program was reportedly accessed by third-party contractors means that, even more than before, companies need to limit who has access to its most vital systems. The rapid rise of AI as a tool for cyberattacks could disproportionately affect smaller companies, who may not be able to keep up with the increasing complexity of AI-fueled attacks, said Lindner. Those that refuse to even touch AI and continue on as before are even more at risk, he said. "AI is not a golden ticket, but if you're not taking advantage of it on the defender side, there is no chance, none, that you are going to be able to keep up with the offensive side," he said.
When will SpaceX and Anthropic IPO? SuRo CEO says quality drives decision By Investing.com
Investing.com -- The pipeline of highly anticipated potential initial public offerings represents a significant opportunity for public market investors, but the timing of landmark listings from companies like SpaceX, OpenAI and Anthropic will ultimately be driven by strategic conditions rather than necessity, according to SuRo Capital CEO Mark Klein. In an exclusive interview with Investing.com, Klein argued that the most consequential names approaching the public markets are under no pressure to list. "Companies like SpaceX, Anthropic, and OpenAI have demonstrated a sustained ability to raise significant capital in the private markets," he said, adding that they "will initiate IPOs when they determine the market environment optimally supports their valuation and strategic goals." With broader markets around all-time highs, Klein noted there is a "clear increase in market attention for these offerings." On concerns that a wave of large IPOs could drain market liquidity, Klein pointed to the scale of available capital. OpenAI's recent financing, he said, demonstrates that "substantial capital remains available and ready to be deployed into high-quality assets." "Given this demand for companies like those in our portfolio and the broader categories we invest in, we believe SuRo plays an important role in the current ecosystem," he added. "We offer an advantage by providing investors with pre-IPO exposure to these companies, combined with the liquidity of a publicly traded stock, allowing our shareholders to participate in value creation well before a public offering." Klein struck a notably different tone on the current IPO pipeline compared to the 2020-2021 boom. "While the 2020 and 2021 period was characterized by high valuations and subsequent market corrections, the current pipeline features companies with strong, demonstrable financial metrics." He cited Canva, with 265 million monthly active users and $4 billion in revenue, and Whoop, which is delivering 100% annual growth, as examples of companies with the structural scale to support their valuations. Both names are SuRo Capital portfolio companies. SuRo's own net asset value was expected to rise to between $14.00 and $14.50 per share as of March 31, 2026, driven in part by OpenAI's latest financing round and WHOOP's Series G at a $10.1 billion valuation. The company previously remarked that the developments "reinforce both the scale of demand we are seeing and the continued maturation of several notable pre-IPO businesses within our portfolio." For investors holding pre-IPO companies, Klein explained that SuRo's general approach once portfolio companies go public is to begin monetizing holdings after lockup periods expire and share prices stabilize, at which point public investors can access those names directly.
SpaceX partners with Pakistan-born Sualeh Asif's AI startup Cursor
SAN FRANCISCO: SpaceX announced a partnership with AI coding company Cursor, an AI code-generation startup co-founded by Pakistan-born Sualeh Asif, and said the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk's rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire's artificial intelligence outfit xAI. Cursor, founded in 2022 and based in San Francisco, specialises in AI for creating software code, particularly for business uses. "SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI," the company said in a X post on Tuesday. Combining Cursor's software and product expertise with SpaceX's "Colossus" AI training supercomputer will enable the company "to build the world's most useful models," it said. The partnership comes as AI sector rivals vie to be the preferred option for software developers. Cursor competes with Microsoft's social coding platform GitHub, which has been a leading resource in the developer community. OpenAI announced on Tuesday that its coding tool, Codex, has grown to four million weekly users, up from three million just weeks ago. Meanwhile, Anthropic has put out word that revenue from its Claude Code tool for developers has surged. It is pertinent to mention here that Karachi-born Asif joined Nixor College before attending the Massachusetts Institute of Technology (MIT), and represented the country in the International Math Olympiad from 2016 to 2018. Meanwhile, he cofounded Anysphere, the maker of the popular AI code editing tool Cursor, with three of his friends from MIT. The company now has over $1bn in annualised revenue, making it one of the fastest-growing AI startups, says Forbes. Musk announced in February that SpaceX would acquire xAI, a step in his plan to launch solar-powered, satellite-based data centers to run future AI models. SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and itself owning the largest satellite constellation, Starlink. The company is set for a stock market listing this year widely expected to be the biggest in history, with media reports pointing to an initial public offering (IPO) as early as June. Musk called SpaceX's absorption of xAI "not just the next chapter, but the next book" for the companies. "Global electricity demand for AI simply cannot be met with terrestrial solutions... The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space," Musk wrote when his companies were merged. The project fits into Musk's long-term ambition to build colonies on the Moon and Mars and is "a first step towards becoming a Kardashev II-level civilization," he wrote. Coined in the 1960s by a Soviet astronomer, the futurist term refers to a civilization able to use all of the energy from its home system's star. SpaceX filed papers early this year with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP. The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources. Media reports have said the initial public offering could be valued at a whopping $75 billion or more, for a venture with stratospheric ambitions. If successful, SpaceX could arrive on Wall Street with a valuation exceeding $1.75 trillion, putting it among the world's ten biggest companies by market capitalization. Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs this year.
SpaceX targets in-house GPUs, warns of substantial capital expenditures
SpaceX might be tackling one of the biggest challenges in the chip business: manufacturing the keys to powering artificial intelligence (AI) called graphics processing units, or GPUs. Ahead of SpaceX's US$1.75 trillion initial public offering expected this summer, the company has warned prospective investors of its big spending plans to develop AI and other technologies. It lists "manufacturing our own GPUs" among the "substantial capital expenditures" it is undertaking, according to excerpts of its S-1 registration. Companies file this document to the US Securities and Exchange Commission to disclose their risks and finances before going public. SpaceX did not immediately respond to a request for comment, and the size of the expected expenditure could not be determined. The ambition follows work by SpaceX, its xAI unit and Tesla to jointly develop the Terafab, an advanced AI chip manufacturing complex that chief executive officer Elon Musk is planning in Austin, Texas. Although Musk has said the project would target chips for cars, humanoid robots and space-based data centers, many details -- including the types of AI chips, such as GPUs, it would produce -- have been unknown. There are a range of approaches for chips that power AI. For example, Nvidia largely makes GPUs, which are general purpose and good at performing a wide array of data crunching tasks. Alphabet's Google takes another approach with its tensor processing units (TPUs), which are tuned to perform specific functions, key to building AI models and running chatbots such as Anthropic's Claude. It was unclear when SpaceX plans to manufacture its own chip and which companies -- the Terafab developers or their partner Intel -- would handle the fabrication technologies inside the plant. Musk told Tesla analysts on Wednesday that by the time Terafab scales up, Intel's next-generation 14A manufacturing process "will be probably fairly mature or ready for prime time" and "seems like the right move." It was also unclear if SpaceX, in its filing, used the term GPU as shorthand for AI processors generally. Still, the previously unreported plans for GPU production come as SpaceX warned investors that it might not have enough chip supply to power its growth. "We do not have long-term contracts with many of our direct chip suppliers," SpaceX said in the S-1 registration. "We expect to continue sourcing a significant portion of our compute hardware from third-party suppliers, and there can be no assurance that we will be able to achieve our objectives with respect to TERAFAB within the expected timeframes, or at all," the company said. Manufacturing GPUs is not easy. Industry heavyweight Nvidia pioneered GPU design and, like much of the industry, outsources their manufacture to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電). TSMC has spent billions of dollars and years developing its most advanced manufacturing processes, which for cutting-edge chips require exotic materials and executing more than 1,000 steps with atomic precision. Its years of manufacturing billions of Apple's iPhone chips have afforded it an enormous amount of the required hands-on experience to produce cutting-edge processors. The chip industry, as it is organized, splits steps such as fabricating, packaging and testing among several discrete companies. Musk has said the Terafab would handle each step of chip production, including the design as well.
Pakistani-born founder's AI startup draws $60 billion buyout option from SpaceX in high-stakes tech bet - Profit by Pakistan Today
Aerospace giant secures acquisition rights or $10 billion partnership with fast-growing coding platform Cursor as it accelerates push into AI software ahead of a planned mega IPO. Pakistani-born tech entrepreneur Sualeh Asif has emerged at the centre of one of Silicon Valley's largest potential artificial intelligence deals after aerospace company SpaceX secured the right to acquire his startup, Cursor, for $60 billion later this year. Under the agreement, SpaceX can either proceed with the full acquisition or pay $10 billion to formalise a strategic partnership, signalling the company's deepening push into the rapidly expanding market for AI developer tools. The move comes as SpaceX prepares for a highly anticipated public debut in the coming months, with the company reportedly targeting a valuation of about $1.75 trillion and seeking to raise roughly $75 billion in what could become one of the largest initial public offerings in history. Industry observers say the arrangement is designed to strengthen the capabilities of xAI, the artificial intelligence venture behind the Grok chatbot, which was merged into SpaceX earlier this year. The partnership is expected to help the company compete more aggressively with rivals such as OpenAI and Anthropic, both of which have rapidly gained users by offering AI systems that automate software development tasks. In a statement posted on social media, SpaceX said combining Cursor's developer-focused platform with its large-scale computing infrastructure would accelerate the creation of more advanced AI models. The company pointed to its Colossus training system in Memphis, described as a supercomputer cluster with computing capacity equivalent to one million H100 graphics processing units, as a key asset supporting the collaboration. SpaceX and xAI have been investing billions of dollars to expand AI infrastructure in recent years. Cursor has experienced rapid commercial growth amid rising demand for automated coding solutions. The company reached a valuation of $29.3 billion in November 2025 after raising $2.3 billion from investors and reports annualised revenue exceeding $1 billion. Asif, originally from Karachi, co-founded the startup with three fellow students from the Massachusetts Institute of Technology. He represented Pakistan at the International Mathematical Olympiad from 2016 to 2018 and is estimated to have a net worth of approximately $1.3 billion. Commenting on the development, Bilal bin Saqib said the achievement highlights the global potential of Pakistani talent while underscoring the need to build stronger innovation ecosystems at home. Separately, two senior engineering leaders at Cursor, Andrew Milich and Jason Ginsberg, joined SpaceX earlier this year to contribute to the company's lunar technology and artificial intelligence programmes.
Anthropic just overtook OpenAI with $1 trillion valuation
Anthropic is now valued higher than its main competitor, OpenAI, according to share sales on secondary markets. The artificial intelligence firm hit a $1 trillion valuation on Forge Global, a financial platform that allows investors to acquire shares from private companies. The figure is considerably higher than the $380 billion that Anthropic was valued at during a funding round three months ago. ChatGPT creator OpenAI is currently trading at around $880 billion on Forge Global - roughly equivalent to its $852 billion valuation from its latest funding round. The inflated value of Anthropic, which owns the Claude chatbot, appears to come from a shortage of available shares, with shareholders reportedly being inundated with unsolicited offers for their stakes. "Just got offered a $1.05 trillion valuation on my Anthropic shares from a very well known growth fund," Anthropic investor Jesse Leimgruber wrote in a post to X. "Absolutely wild." Investor interest has been driven by Anthropic's revenue growth, which has risen rapidly amid mass adoption of its Claude Code tool among developers, as well as partnerships with tech giants like Amazon and Palantir. The firm's annualised run rate rose from $9 billion in late 2025 to $39 billion in March 2026, according to figures seen by Business Insider. "We receive daily offers, from the ridiculous to the sublime," Bradley Horowitz, a partner at Wisdom Ventures and an early investor in Anthropic, told the publication. "It's almost less about the return than being able to say they're an Anthropic investor." Rainmaker Securities CEO Glen Anderson, who received an offer to buy Anthropic shares at a $960 billion valuation, added: "It's been an epic run for Anthropic. Everybody wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position." Some people have even offered to exchange their property for Anthropic shares, according to a post on Linkedin.
FM Nirmala Sitharaman meets heads of banks on AI risks following concerns over Anthropic's Mythos
Finance Minister Nirmala Sitharaman met with bank leaders to address Artificial Intelligence risks. Concerns arose from Anthropic's Mythos AI model and its potential impact on financial system data security. Banks are urged to implement preemptive measures to safeguard systems and customer data. Officials are studying the extent of these risks. Finance Minister Nirmala Sitharaman on Thursday met heads of banks to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems. The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic, claiming that it has found vulnerabilities in many major operating systems. According to sources, risks and measures needed to deal with AI were discussed at the meeting. The meeting chaired by the Finance Minister deliberated on various risks that AI posed on the financial sector, sources said, adding that banks have been urged to take preemptive measures to secure their systems, data and money of customers. The meeting was attended by top officials of banks, officials from the Reserve Bank of India, and Ministry of Electronics and Information Technology. According to a senior finance ministry official, the ministry and the RBI are studying the extent of risks that the Indian financial sector faces from this breach. So far, Indian systems are secure and there is no need for unduly worrying, the official said, adding that the RBI is also doing due-diligence at its end to ensure India's financial sector is secure. As per the reports, Anthropic said Mythos can outperform humans at cyber-security tasks, finding and exploiting thousands of bugs, including 27-year-old vulnerabilities, in major operating systems and web browsers. Anthropic, an US-based artificial intelligence company, said unauthorised access was made on its new model Mythos, which is deemed too dangerous for public release. Announced on April 7, Mythos is being deployed as part of Anthropic's 'Project Glasswing', a controlled initiative under which select organisations are permitted to use the unreleased Claude Mythos Preview model for defensive cybersecurity. Mythos is a powerful AI model that has sparked concerns among regulators about its unprecedented ability to identify digital security vulnerabilities and potential for misuse. Anthropic chose not to release Mythos publicly, arguing that its capabilities pose unprecedented cybersecurity risks, as per reports. Earlier in the day, Financial Services Secretary speaking at an event said AI is both a threat as well as opportunity for the fintech industry.
AI Startup Mercor Faces Lawsuit Over Data Breach | PYMNTS.com
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. The $10 billion company, which has worked with the likes of Meta, has been served with at least seven class-action lawsuits in the wake of the breach, The Wall Street Journal (WSJ) reported Thursday (April 23). The suits allege the breach exposed Mercor contractor information that included job interview recordings, facial biometric data and screenshots of employees' computers. One suit, the report added, claims Mercor collected applicant-vetting data, such as background checks, which it shared with partners, in violation of federal regulations. According to plaintiffs, the company's practices include monitoring its contractors' computers and sharing that data with clients, using recorded candidate interviews to train AI models, and training client models on materials potentially owned by other companies. "We strongly dispute the speculative claims in these lawsuits and look forward to presenting the facts at the appropriate time and place," Mercor said in a statement to the WSJ. "We take the privacy of our customers, contractors, employees and those we interview very seriously, and we comply with all relevant laws and regulations," the statement added, noting that the startup acted quickly to remedy the breach, which affected several other companies. "We are conducting a thorough investigation with leading third-party forensics experts and are communicating directly with affected stakeholder groups as we have findings," it said. The WSJ report added a comment from a Meta spokesperson that the company has paused its work with Mercor and is investigating the breach. PYMNTS wrote earlier this week about the "new consensus" being formed around the "data problem" beneath the race to deploy agentic AI. "More autonomous AI systems will raise the stakes for how data is created, governed, accessed and protected," that report said. "Synthetic data needs clearer standards. Real-world data needs tighter minimization. And the systems tying it all together need a stronger foundation of trust, security and control." Also this week, PYMNTS examined the changing cybersecurity landscape, arguing that while few of this year's high-profile incidents can be called "AI attacks," it is still hard to ignore the corresponding uptick in AI-powered offensive capability. "Anthropic's Claude Mythos Preview, for example, has reportedly demonstrated the ability to autonomously discover and exploit vulnerabilities across major operating systems and web browsers, including decades-old bugs in widely trusted systems," PYMNTS wrote.
