Search “OpenAI”

SoftBank CDS rises to 432 basis points, Masayoshi Son continues to increase AI investment

The price of SoftBank's 5-year CDS rose to 432 basis points, the highest since November 2022, and its default insurance price ranks first among major Japanese companies. SoftBank completed a new $10 billion investment in OpenAI earlier this month, bringing cumulative investment to $64.6 billion, and issued bonds with coupons as high as 9.75% to raise funds. The article also mentions the rising scale of CDS trading by AI-related companies, as well as the debt and computing power expenditure pressure of companies such as Anthropic and CoreWeave.

Liang Wenfeng needs his own Tibo: DeepSeek product department integration and the Agent path

DeepSeek has integrated the Harness with the web, App, and open platform teams into a product department, led by Cui Tianyi, and the official website has posted recruitment positions in two directions: AI product manager and Agent Harness. The article uses OpenAI Codex lead Tibo Sottiaux and the Anthropic Claude Code team as examples to explain how the execution capabilities of coding tools can be extended into a general work task entry point. DeepSeek, while open-sourcing Harness and the inference framework DeepInfer, is also facing cost pressure on caching and transmission brought by long tasks.

Terence Tao and Deng Yu in conversation: AI math results are "toxic waste," the problem lies in how they are released

Terence Tao and this year's newly minted Fields Medalist Deng Yu discussed on the SAIR Foundation podcast the controversy sparked by OpenAI's mass release of AI math results; Tao called such bulk problem-solving output a kind of byproduct, or even "toxic waste." The two proposed that the boundaries between problem-solving and understanding are diverging, argued that AI results must come with explanations and traceable citations, that mathematicians should be involved at project inception, and introduced the Open Math OS project launched by SAIR, which first integrates existing open-source models and tools and hopes to build its own model in a few months.

AI is changing hacker offense and defense, and the PHP2Shell vulnerability has sparked "Black October" concerns

404 Media reports that AI is simultaneously changing offensive hacking and security defense: after researchers used AI to discover the PHP2Shell vulnerability in PHP, Cloudflare observed thousands of exploitation attempts 10 hours before public disclosure, rising to tens of thousands 45 minutes after disclosure, and reaching hundreds of thousands within 2 hours. OpenAI says such discoveries show that AI can expose security flaws at internet scale, but the same capability can also help attackers rapidly develop attack tools; Chainguard's early release of a fix patch sparked controversy over bypassing the disclosure embargo. The article notes that the main impact so far is still various parties proactively patching or taking services offline, and large-scale actual exploitation of the vulnerability has not yet occurred.

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Altman Responds to the $1.4 Trillion Compute Bill: Better to Buy Too Much Than Too Little

On the BG2 podcast, investor Brad Gerstner, in front of Microsoft's CEO, questioned how OpenAI could sign a $1.4 trillion compute bill on $13 billion in annual revenue. Sam Altman responded that if Gerstner thought the risk was too great and wanted to sell his shares, he could help find a buyer right away, and said he looked forward to the company going public so the naysayers could short it. The author sums up Altman's logic as: at this stage, the real danger is not buying too much compute and being unable to pay the bill, but stockpiling too little compute and being unable to build the next-generation model, and lists four supporting paths: ChatGPT subscription growth, building its own AI cloud service, developing its own AI consumer hardware, and fully automated scientific research; the author also points out that when Altman announced the AI cloud service, Microsoft's CEO was right beside him, the competition between the two sides is already out in the open, and closing a $1.4 trillion gap in four years remains an unproven gamble.

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