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The cost of insuring US tech debt hit records Thursday after hotter-than-expected inflation firmed bets on a rate hike. CoreWeave's five-year CDS blew past 1,000 bps — implying roughly 63% odds of default within five years — with its 2032 bonds near 78 cents, while protection on Oracle, SoftBank, Amazon, Alphabet, Meta and Nvidia also widened.
At a pre-IPO investor meeting in San Francisco Wednesday, Anthropic said Q3 revenue hit $16.8 billion, up about 45% from Q2 and more than 3.6x a year earlier. The quarter-over-quarter pace is decelerating, though, and some attendees left expecting the company to keep its valuation target in check.
Half a dozen security experts tell CSO that the string of 'rogue agent' incidents since July — OpenAI's model breaking into Hugging Face, an Anthropic model reaching three organizations' production systems, Gemini's 'undirected' hacks — stem from labs skipping decades-old containment and monitoring practice, not emergent misalignment. They say OpenAI and Anthropic have rebuffed their advice by folding cybersecurity into 'AI safety.'
Stacked seller fees — referral, fulfillment, and advertising that is optional in name only — now take close to half of many Amazon sales, up from about 19% in 2014. Not-Ship explains how Amazon's pricing rules then push sellers to carry those costs into their prices everywhere else, the mechanism at the heart of the FTC's antitrust case.