It is the
first time a major AI lab has publicly assigned its own
"Critical" cyber-risk label to a general-purpose model.
The announcement caps a month of escalating disclosures,
starting with an early-August acknowledgment that OpenAI could
not rule out the threshold being crossed, and ending
with confirmation, a benchmark result,
and a two-zero-day discovery that OpenAI says it
disclosed to the affected software maintainers.
What TechCrunch and Fortune Reported This Week:
The September 1 stories build on a trail of OpenAI
safety posts published over the prior four weeks:
- TechCrunch's reporting says Astra, in a
modified version of an internal evaluation, discovered
and exploited two zero-day vulnerabilities on its own, and
that the model achieved a perfect score on ExploitBench,
an external benchmark built to measure exploit-writing
ability step by step rather than as a single pass-or-fail test.
- Fortune's account focuses on the access side
of the story: rather than pulling Astra back entirely,
OpenAI is splitting the model into a
broadly-available version with its sharpest offensive
edges dulled, and a restricted version available only
to partners working on defense of critical systems.
- Bloomberg had flagged the risk almost a month earlier.
According to Bloomberg News, "The ChatGPT maker
said on August 7 that it 'cannot rule out' that the
unreleased Astra model would reach OpenAI's 'critical
cybersecurity threshold', meaning it's capable of
identifying and developing zero-day exploits without human
intervention." That August 7 story
described a slowdown in some of Astra's development while
OpenAI ran further testing - a decision that, per this
week's reporting, ultimately did not change the
outcome.
[What most agencies claimed as theoretical and very-unlikely,
JUST PROVED ITSELF TO BE REAL AND HIGHLY-CRITICAL
- which will compel military-intelligence agencies and various
corporations to prioritize its rapid development. WISDOM, where
are you when WE NEED YOU?]
NEW: The
Central Bank Saw a Ghost. (AI Secret;
July 8, 2026)
What's happening: Every bubble has a ghost story, and this week
the most sober voice in finance told one. The Bank for
International Settlements (the central bank of
central banks) warned the AI boom could end in a
prolonged bust. Five hyper-scalers will spend over
one trillion dollars through 2026. BIS named the
ghosts by name:
One of the U.S.'s biggest
pipeline companies, Energy Transfer, is ready to
capitalize on the frenzied expansion of energy-guzzling
data centers. In an industry conference interview
published on April 14, Energy Transfer CFO Dylan
Bramhall identified the biggest key growth opportunity
for the company: investments in gas infrastructure to
supply U.S. data centers. As the gas industry
leans into the energy demand from the data center boom,
it's increasingly clear that the AI bubble
isn't just overheating financial markets – it will
overheat the planet.
The fossil-fuel industry is at a crossroads:
- Renewables and battery storage have become cheap enough that they are driving out gas and coal.
- Many oil and gas sources are increasingly difficult to extract.
- Oil and gas are increasingly seen with skepticism as war and geopolitics exacerbate a global affordability crisis.
The extreme weather and cumulative impacts of emissions are harder to ignore every year. But Energy Transfer, like other oil and gas companies, sees data centers as a profitable new market opportunity in the face of such crises.
Data-center developers have been desperate to get proposed projects approved, constructed, and operating as quickly as possible, in hopes that new advanced tech (especially generative artificial intelligence) will turn big profits and establish a first-mover advantage. That means that developers are looking for the fastest and cheapest way to deploy the energy needed to feed the power-hungry complexes. Bramhall claimed reliability and speed to market as the motivator for data-center developers to partner with gas companies, despite:
- the well-established affordability and reliability of renewables and
- new evidence suggesting that on-site gas may be more expensive than connecting to the grid.
The outrageous and unjustified build-out of data centers has given pipeline gas, in particular, a jolt. Despite significant grassroots resistance nationwide, massive investments continue to pour into data centers while the world waits for real evidence that new generative-AI tools driving hyperscale build-out will actually prove useful and turn a profit. As ET executive chairman Kelcy Warren is reported to have said, "The pipeline business will overbuild until the end of time."
NEW: Jeran Wittenstein/Bloomberg: Big-Tech Stock-Buybacks Vanish As AI Spending-Spree Eats Up Cash. (6-min. podcast; SiliconValley.com; June 18, 2026)
The artificial-intelligence race is becoming so expensive that it's snuffing out one of the key forces that has helped keep Big-Tech stocks soaring for years: steady share buybacks.
Of the four biggest AI spenders - Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. - only Microsoft bought back shares in the first quarter. And its $3.4-Billion in repurchases was the lowest total among the group in nearly a decade, according to data compiled by Bloomberg.
"The amount of capex (capital expenditures) that's being spent is dramatically higher than even the high end of what anyone would have thought not just a year ago but three months ago", said Robert Schiffman, a senior credit analyst at Bloomberg Intelligence. "Buybacks are likely to continue to fall as capital is prioritized for capex."
Not only have share repurchases slowed to a trickle, but some companies are issuing more stock to finance their AI ambitions. Alphabet Inc. is planning to raise about $85-Billion in its first equity sale in 20 years, to help fund capital expenditures on data centers. And Facebook owner Meta Platforms Inc. is reportedly weighing an offering that could raise tens-of-billions of dollars.
The disappearance of buybacks and the issuance of new equity represent the latest shift in the way technology giants operate as a result of heavy spending to add AI computing capacity. For years, part of the companies' appeal was their capital-light businesses, but suddenly they're capital-intensive. With the four big AI spenders forecasting as much as $725-Billion in capital expenditures this year, and even more expected in 2027, the outlays are sucking up a larger proportion of free cash flow and prompting them to take on more debt.
The fossil-fuel industry is at a crossroads:
- Renewables and battery storage have become cheap enough that they are driving out gas and coal.
- Many oil and gas sources are increasingly difficult to extract.
- Oil and gas are increasingly seen with skepticism as war and geopolitics exacerbate a global affordability crisis.
The extreme weather and cumulative impacts of emissions are harder to ignore every year. But Energy Transfer, like other oil and gas companies, sees data centers as a profitable new market opportunity in the face of such crises.
Data-center developers have been desperate to get proposed projects approved, constructed, and operating as quickly as possible, in hopes that new advanced tech (especially generative artificial intelligence) will turn big profits and establish a first-mover advantage. That means that developers are looking for the fastest and cheapest way to deploy the energy needed to feed the power-hungry complexes. Bramhall claimed reliability and speed to market as the motivator for data-center developers to partner with gas companies, despite:
- the well-established affordability and reliability of renewables and
- new evidence suggesting that on-site gas may be more expensive than connecting to the grid.
The outrageous and unjustified build-out of data centers has given pipeline gas, in particular, a jolt. Despite significant grassroots resistance nationwide, massive investments continue to pour into data centers while the world waits for real evidence that new generative-AI tools driving hyperscale build-out will actually prove useful and turn a profit. As ET executive chairman Kelcy Warren is reported to have said, "The pipeline business will overbuild until the end of time."
NEW: Jeran Wittenstein/Bloomberg: Big-Tech Stock-Buybacks Vanish As AI Spending-Spree Eats Up Cash. (6-min. podcast; SiliconValley.com; June 18, 2026)
The artificial-intelligence race is becoming so expensive that it's snuffing out one of the key forces that has helped keep Big-Tech stocks soaring for years: steady share buybacks.
Of the four biggest AI spenders - Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. - only Microsoft bought back shares in the first quarter. And its $3.4-Billion in repurchases was the lowest total among the group in nearly a decade, according to data compiled by Bloomberg.
"The amount of capex (capital expenditures) that's being spent is dramatically higher than even the high end of what anyone would have thought not just a year ago but three months ago", said Robert Schiffman, a senior credit analyst at Bloomberg Intelligence. "Buybacks are likely to continue to fall as capital is prioritized for capex."
Not only have share repurchases slowed to a trickle, but some companies are issuing more stock to finance their AI ambitions. Alphabet Inc. is planning to raise about $85-Billion in its first equity sale in 20 years, to help fund capital expenditures on data centers. And Facebook owner Meta Platforms Inc. is reportedly weighing an offering that could raise tens-of-billions of dollars.
The disappearance of buybacks and the issuance of new equity represent the latest shift in the way technology giants operate as a result of heavy spending to add AI computing capacity. For years, part of the companies' appeal was their capital-light businesses, but suddenly they're capital-intensive. With the four big AI spenders forecasting as much as $725-Billion in capital expenditures this year, and even more expected in 2027, the outlays are sucking up a larger proportion of free cash flow and prompting them to take on more debt.