Search: “Morgan Stanley”

Introducing ChatGPT for Financial Services

OpenAI launches ChatGPT for Financial Services, pairing built-in market data with GPT-6 Astra for banking research workflows.

OpenAI introduced ChatGPT for Financial Services, a tailored ChatGPT Work experience shaped by design partners Morgan Stanley and Evercore, targeting investment banking and equity research. It bundles premium data from Daloopa, PitchBook, LSEG News, and Crunchbase hosted on OpenAI infrastructure with granular citations, optimized MCP connectors for S&P Global and FactSet, and 50+ connectors, plus planned entitlement integrations with S&P Capital IQ, LSEG, MSCI, Dow Jones Factiva, and Moody's. It runs GPT-6 Astra, which OpenAI claims is state of the art in information retrieval, financial reasoning, and artifact generation, and includes enterprise controls such as SAML SSO, SCIM, role-based access, and no default training on firm data.

OpenAI News·updated Sep 10, 18:25 UTC · 6d ago·first Sep 10, 07:00 UTC · 6d agoAI industry 2 sources

What must happen for AI’s trillion-dollar gamble to pay off

Hyperscalers need 2.7x productivity gains by 2030 to justify nearly $1.1 trillion in AI data center spending, or risk bankruptcy and capital misallocation.

Wharton finance professor Jessica Wachter estimates hyperscaler AI expenditure will reach nearly $1.1 trillion through 2027 and that a 2.7x productivity increase is needed to break even by 2030. AI revenues of roughly $150-200 billion this year fall far short of about $750 billion in annual spending, with total investment from Alphabet, Microsoft, Amazon, Meta, and Oracle potentially exceeding $5 trillion over four years. Alphabet reported its first free cash flow deficit (about $5.9 billion) since its 2004 IPO due to AI infrastructure costs. Researchers warn that failed demand could make the buildout the largest capital misallocation in history, with depreciating GPU chips risking stranded assets.

MIT Technology Review · AI·Sep 15, 10:00 UTC · 1d agoAI industry

How law firm Gilbert + Tobin governs and scales AI with OpenAI

OpenAI details how law firm Gilbert + Tobin scales ChatGPT Enterprise and Codex firm-wide under CEO-led governance with human accountability.

OpenAI published a customer story describing Gilbert + Tobin's adoption of ChatGPT Enterprise and Codex across the law firm. The firm pairs executive-level commitment with formal governance and human accountability to expand AI use in legal workflows. The piece is a promotional case study, with no new product capabilities or research announced.

OpenAI News·Sep 1, 01:00 UTC · 15d agoAI industry1

At UBS, AI skills are now a condition for landing a job

UBS will require 2027 graduate and intern applicants in Global Banking to demonstrate AI skills, among the first major banks to do so.

Per the Financial Times, UBS will require candidates for 2027 graduate and internship roles in Global Banking and Markets to show how they use AI to improve outcomes and efficiency, with AI questions included in interviews. The requirement supplements, not replaces, traditional criteria, and Santander is similarly seeking advanced AI users for some trainee programs. Morgan Stanley analysts project more than 200,000 European banking jobs could disappear within five years as routine junior work is automated; UBS is also testing analyst avatars for client presentations.

The Decoder·Sep 7, 13:13 UTC · 9d agoAI industry

Hackers Impersonate IT Support to Breach Leading Financial Companies

Security Affairs·Aug 7, 15:51 UTC · Aug 7, 2026Ransomware

HiddenLayer nabs $100M as enterprises rush to secure their AI deployments

AI security startup HiddenLayer raised a $100 million Series B led by Delta-v Capital as enterprise spending on securing AI deployments accelerates.

HiddenLayer, which protects AI models, agents, and workflows from adversarial attacks, vulnerabilities, and code injections, raised a $100 million Series B led by Delta-v Capital with participation from Ten Eleven Ventures, Morgan Stanley, Microsoft's M12, and Booz Allen Hamilton. The company says annual recurring revenue grew more than 10x to the tens of millions of dollars, with customers including the Department of Defense, the intelligence community, and a frontier model provider with over 700 million weekly users. Gartner estimates enterprise spending on AI security products will reach $2.83 billion in 2026, up 83% from 2025, and nearly $4.78 billion next year.

TechCrunch · Security·Sep 2, 15:01 UTC · 14d agoIndustry1

Coding Is Over. Get over It

A JPMorgan Chase engineer reflects on AI agents outpacing hand-coding, questioning ROI while predicting inference costs will become negligible.

A personal essay by a software engineer with 15+ years at JPMorgan Chase describes how AI coding agents now outperform him and have transformed his workflow. He argues AI ROI is unmeasurable, praises cheap small models such as GPT 5.6 Luna, and cites Claude Code head Boris Cherny's advice to discard AGENTS.md/Claude.md rule files. He contends coding is no longer scarce, worries entry-level jobs will be automated first, and predicts AI's bigger impact lies outside coding.

Hacker News · security·Sep 12, 13:16 UTC · 4d agoAI industryHN 20↑ · 26 comments2

Anthropic's Enterprise Frontier Safeguards lets your Claude logs stay in your cloud

Anthropic launches Enterprise Frontier Safeguards, letting regulated customers keep Claude usage logs in their own cloud storage under their own keys with automated misuse detection.

Anthropic unveiled Enterprise Frontier Safeguards, co-designed with eight members of the Analysis and Resilience Center for Systemic Risk and more than 100 customers including Wells Fargo, Goldman Sachs, Visa, Mastercard, Comcast, KPMG, and Salesforce. Misuse-detection activity data can live in the customer's Amazon S3, Azure Blob Storage, or Google Cloud Storage under customer-managed keys, with fully automated review and no human inspection by Anthropic; automated systems watch for offensive cyber or biological capability development and signs of stolen credentials. The offering replaces the friction around Fable 5's 30-day retention policy, costs nothing extra, spans Claude Enterprise, Claude Platform, Amazon Bedrock, Google's Agent Platform, and Microsoft Foundry, with broad availability targeted for later this fall.

Help Net Security·Sep 2, 00:00 UTC · 14d agoAI industry1

After warning AI is too dangerous, Bill Gates bets a billion on its upside

Gates Foundation pledges at least $1 billion over two years to widen AI access in health, education and agriculture, warning of a rich-poor divide.

The Gates Foundation's 2026 Goalkeepers report outlines spending of at least $1 billion over two years on AI access in health, education and farming. Gates notes over 90% of early LLM training data was English, with speech recognition error rates below 6% in English but above 60% in Yoruba. Cited projects include Penda Health clinics in Kenya (16-point diagnostic accuracy gain), Gemini Guided Learning in Sierra Leone (1.7 years of learning gains in eight weeks), and India's MahaVISTAAR reaching 740,000+ farmers at under 18 cents per person.

The Decoder·Sep 15, 14:26 UTC · 1d agoAI industry1

Crusoe reportedly raises $3B at a $30B valuation

AI data center developer Crusoe raised $3 billion at a $30 billion valuation, plus a $13 billion five-year GPU contract with Jane Street.

Crusoe, which builds hyperscale data centers for customers including Meta, Microsoft, OpenAI, and Oracle, raised a $3 billion round at a $30 billion valuation, Bloomberg reported. The round was co-led by Atreides Management and Valor Equity Partners with participation from Mubadala Capital. It comes 10 months after a $1.38 billion raise at a $10 billion valuation and follows a $13 billion, five-year cloud contract supplying GPUs and AI infrastructure to trading firm Jane Street. The company has met with Goldman Sachs and Morgan Stanley about a potential near-term IPO.

TechCrunch · AI·Sep 4, 00:48 UTC · 12d agoAI industry

ICE Is Buying Access to Credit Card Records

Schneier on Security·Aug 7, 10:27 UTC · Aug 7, 2026Phishing & fraud

What building an AI-native finance function taught me

OpenAI CFO Sarah Friar shares five lessons from building an AI-native finance function, covering forecasting, controls, and AI ROI.

OpenAI CFO Sarah Friar outlines five lessons learned from building an AI-native finance function at the company. Topics include automated forecasting, stronger financial controls, and measuring AI return on investment. The piece is a first-person account of enterprise AI adoption within a finance organization rather than a product or research announcement.

OpenAI News·Aug 10, 17:00 UTC · Aug 10, 2026AI industry

CISA Warns Chinese AI Firms Extract Billions of Tokens From Claude, GPT, Gemini and Grok

CISA, NSA and FBI advisory says six Chinese AI firms extracted billions of tokens from Claude, GPT, Gemini and Grok via API proxies since late 2024.

A joint advisory from CISA, NSA and FBI alleges China-based AI companies including DeepSeek, Moonshot AI, Alibaba, MiniMax, StepFun and Z.AI harvested billions of tokens across millions of exchanges from Claude, GPT, Gemini and Grok variants since late 2024. Operators allegedly used API proxy 'transfer stations', account pools, bulk premium subscriptions and prompt injection or jailbreak-style requests to force models to reveal chain-of-thought reasoning. DeepSeek's R1 and V3 and Moonshot's Kimi-K2 and Kimi-K3 models reportedly benefited from the extracted data. CISA urged providers to add identity checks, monitor subscription-to-usage ratios, rate limit, and share infrastructure signals with cloud platforms.

Cyber Security News·Sep 9, 08:41 UTC · 7d agoAI safety & security in the wild

The full stack behind abundant intelligence

OpenAI CFO Sarah Friar describes how compounding gains across chips, compute, models, and products cut intelligence costs.

OpenAI CFO Sarah Friar explains the company's 'full stack' strategy, arguing that advances across chips, compute, models, and products compound to deliver more useful intelligence at greater scale and lower cost. The post is a corporate strategy narrative rather than a technical or product release. It frames vertical integration as the driver of OpenAI's economics.

OpenAI News·Aug 25, 07:05 UTC · 22d agoAI industry

Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023

FinCEN urged banks to report cyber scams after a study found $12.7 billion stolen from US victims of crypto investment scams since 2023.

FinCEN analyzed more than 33,000 cyber fraud incident reports filed by roughly 1,300 financial institutions between September 2023 and December 2025, finding about $12.7 billion in losses to cryptocurrency investment scams across all 50 states. Traditional banks reported about $6.4 billion in suspected scam activity and crypto firms about $5.5 billion. Scam activity is growing, with monthly reports rising nearly 11% as centers expand beyond Myanmar, Cambodia, and Laos. The US later sanctioned Xinbi Guarantee, a Telegram-based marketplace used to launder over $36 billion.

The Record·Sep 10, 21:15 UTC · 6d agoPhishing & fraud

You don’t have to join the hack-back program to inherit its risk

A new US presidential memorandum creates a vetted private hack-back program, leaving participating vendors and their customers with untested legal liability and collateral risks.

The August 12 National Security Presidential Memorandum directs the National Coordination Center, run jointly by DOJ and DHS, to approve covert surveillance and disruptive Cyber Effects Operations by vetted private companies, with a forfeitable bond of at least $1 million required as a contract condition. The analysis argues the criminal shield rests on an untested reading of the CFAA exemption at 18 U.S.C. 1030(f), with no civil safe harbor, no state-law preemption and no foreign-law protection. Non-participating organizations can still inherit risk through shared infrastructure collateral damage, lack of customer disclosure, Lloyd's bulletin Y5381 state-backed attack exclusions, and threat-intelligence pipelines feeding offensive proposals.

CSO Online·09:00 UTC · 13h agoPolicy & legal

OFAC Sanctions Chinese Scam Platform Xinbi Guarantee

US Treasury's OFAC sanctioned Chinese scam-platform Xinbi Guarantee, which processed $24bn+, and froze $52.8m in linked cryptoassets.

OFAC sanctioned Xinbi Guarantee, a Chinese-language marketplace connecting Southeast Asian scam centers and transnational crime syndicates to merchants offering financial services, technology and crypto exchange. Treasury estimates over $24bn processed since 2022, while TRM Labs estimates over $36bn, with daily inflows nearly doubling between May and December 2025. Two supporting entities were also sanctioned: SafeW Technology (Singapore) and Anwen Technology (Cambodia, maker of XinbiPay). The US Secret Service and Elliptic froze $52.8m in linked cryptoassets, and the marketplace now appears offline with its Telegram channels deleted.

Infosecurity Magazine·Sep 10, 08:00 UTC · 6d agoPolicy & legal1

Model ML completes finance work more efficiently with GPT-5.6 Sol

OpenAI customer Model ML uses GPT-5.6 Sol to turn finance research into editable, traceable decks and workbooks.

OpenAI published a customer story describing how Model ML uses GPT-5.6 Sol for finance work. The model carries tasks from research and analysis through to editable, traceable PowerPoint decks and Excel workbooks. This is a product adoption case rather than a new model release.

OpenAI News·Aug 10, 12:00 UTC · Aug 10, 2026AI industry

Why I'm still bearish on LLMs after Navier-Stokes

Essay argues frontier LLMs remain far from autonomous knowledge-worker replacement because reward hacking and specification costs limit reliability to narrow, well-specified domains.

The author contends frontier labs are priced on a narrative of fully automated knowledge work that current models cannot deliver, since generalization fails outside small neighborhoods of training tasks and minor perturbations cause outright failure or reward hacking. The Navier-Stokes proof is framed as the best-case setup, combining a decades-audited theorem statement with the verified Lean prover, a regime almost no real-world domain matches. Human review is dismissed as unscalable and itself hackable, citing the xz backdoor and UMN hypocrite commits in Linux. The essay concludes only three classes of firms can adopt fully autonomous LLMs and that agentic swarm width may beat frontier reasoning, noting small open models reproduced the 'mythos' CVEs behind the spring 2026 hype cycle.

Hacker News · AI·Sep 15, 17:37 UTC · 1d agoAI industryHN 50↑ · 13 comments

Divide, Consult, Conquer: Capability Laundering Through Aligned LLMs

Attack shows unaligned orchestrators can launder capabilities from aligned frontier LLMs via benign subtask consultation, raising Gemma-4-31B CBRN rubric score from 62.3 to 83.1.

The paper introduces capability laundering, where a weaker unaligned model decomposes a harmful task into benign-looking subproblems, queries a stronger aligned model on each, and recombines answers locally, bypassing per-interaction safety evaluations. Evaluation used GPT-5.5, Claude Opus 4.8, and Grok-4.3 as consultants to four local orchestrators on CyBench, BountyBench, and CBRN tasks. On CyBench, Gemma-4-31B recovered 8/14 candidate tasks with GPT-5.5 and 7/9 with Opus, while Muse-Glimmer-30B recovered none. Across an eight-step hypothetical bioweapon attack chain, consultation raised Gemma-4-31B's mean rubric score from 62.3 to 83.1, exposing a gap in defenses that only refuse complete harmful tasks.

arXiv cs.CR·Sep 14, 11:10 UTC · 2d agoAI safety & security

Lawmakers call on Treasury to sanction hackers-for-hire

Bipartisan US lawmakers asked Treasury to sanction three India-based hack-for-hire firms accused of long-running espionage against Americans.

Sens. Ron Wyden and Sheldon Whitehouse and Rep. Pat Harrigan urged Treasury to add Sunkissed Organic Farms (formerly Appin), BellTroX, and CyberRoot to the Entity List. The letter says the mercenary groups conducted targeted espionage against US citizens, businesses, and lawyers for over fifteen years, allegedly including work for Qatar's government such as targeting opponents of Qatar's World Cup bid and Kristi Rogers, wife of Senate candidate Mike Rogers. Adding the firms to the Entity List would restrict their access to American software, cybersecurity tools, and cloud infrastructure. The lawmakers also accuse the groups of lawfare campaigns to censor investigative reporting on their hacking activities.

CyberScoop·Sep 9, 18:43 UTC · 7d agoThreat actor in the wild

Phishing Campaign Sends Millions of Emails Using Invisible Unicode to Evade Filters

Microsoft warns of a high-volume phishing campaign using invisible Unicode characters to split keywords like 'funding' and evade filters, peaking at 2.37 million daily messages.

Microsoft's Security Research team documented a high-volume phishing operation inserting deprecated Unicode Tags characters (U+E0000-U+E007F) inside financial keywords such as 'funding' so literal-string and regex email filters stop matching them. The campaign ran on a weekly cadence with 1-2.37 million weekday messages between February and May 15, 2026, peaking on February 26, 2026. It used hundreds of disposable finance-themed sender domains and relayed mail through ActiveCampaign's click-tracking infrastructure (acemlnd[.]com, activehosted[.]com), lending legitimate platform reputation. Microsoft ties the activity to an AI-assisted SBA loan phishing campaign that Fortra's FIRE team disclosed in September 2025.

The Hacker News·Sep 4, 15:57 UTC · 12d agoPhishing & fraud in the wild

US disrupts Xinbi Guarantee marketplace fueling the cyber scam economy

US Treasury sanctions and DOJ seizures take down Xinbi Guarantee, a Telegram marketplace that processed $24B+ for cyber scams, freezing $52.8M.

The Treasury Department sanctioned the Chinese-language Telegram marketplace Xinbi Guarantee and two supporting firms, Anwen Technology (XinbiPay) and SafeW Technology, while the DOJ seized its Telegram channels and $52.8 million in USDT from 52 wallets. Blockchain intelligence firm Elliptic, which assisted the Secret Service, estimates Xinbi has processed at least $24 billion in transactions since 2022, making it the second-largest illicit online marketplace and a cornerstone of Southeast Asian cybercrime. Vendors sold money laundering, stolen personal data, deepfake technology, and other services for pig-butchering scams, with payments in Tether's USDT. The DOJ's Scam Center Task Force also dismantled 13 scam centers in Madagascar, arresting dozens of alleged leaders who were repatriated to China.

The Record·Sep 9, 19:54 UTC · 7d agoPolicy & legal

OpenAI Pledges $1bn to Bring its AI Cybersecurity Tools to Essential Services

OpenAI pledged $1bn to subsidize Daybreak cybersecurity model access for water, power, banking, government and nonprofit defenders, starting in the US with an MS-ISAC pilot.

OpenAI announced a $1 billion pledge to subsidize access to its Daybreak cyber models for essential services including water, electricity, local governments, nonprofits and banking, starting in the US and expanding to partner countries. The Daybreak for Frontline Defenders initiative includes a pilot with the Multi-State Information Sharing and Analysis Center (MS-ISAC) pairing model access with guided training for public sector and water system defenders. OpenAI unveiled Daybreak in May 2026, deploying frontier LLMs and its Codex coding assistant for defender tasks, and split it into Daybreak Red and Daybreak Blue tiers in August. The pledge follows an August 27 open letter from more than 100 tech and cybersecurity companies warning of a narrowing window before AI-enabled attacks escalate.

Infosecurity Magazine·Sep 4, 10:15 UTC · 12d agoAI industry1

A milestone in expanding access to AI

OpenAI announced ChatGPT Ads reached a $1 billion annualized revenue run rate and expanded availability globally to fund free and affordable AI access.

OpenAI stated that ChatGPT Ads, its advertising product, has reached $1 billion in annualized revenue run rate. The company framed this as a milestone that expands global availability of the ads product and supports broader access to AI through free and lower-cost options. No technical, model, or security details were included in the announcement.

OpenAI News·Aug 31, 04:00 UTC · 16d agoAI industry

X says attackers are targeting user accounts after the launch of X Money

X is investigating a wave of unsolicited password reset emails targeting users after the X Money payments launch, with no confirmed breaches yet.

Numerous X users reported unsolicited password reset emails following the launch of X Money, the platform's new payments service with accounts held at FDIC-insured Cross River Bank. Product engineer Mridul Singhai said the company found no evidence of successful breaches or mass account takeovers, while the Grok chatbot confirmed attackers are mass-triggering resets using public usernames. Users are being advised to enable two-factor authentication and Password Reset Protect while the investigation continues.

TechCrunch · Security·Sep 1, 20:48 UTC · 15d agoPhishing & fraud in the wild

OpenAI commits $1B in AI credits to frontline cyber defenders

OpenAI pledges $1B in AI credits to under-resourced cyber defenders via Daybreak, launches MS-ISAC pilot, and debuts its Astra security model.

OpenAI pledged $1 billion in service credits to be used over six months under its Daybreak for Frontline Defenders initiative, targeting critical-infrastructure organizations, community banks, nonprofits, and open-source maintainers. The program includes expanded training and a pilot with the Multi-State Information Sharing and Analysis Center (MS-ISAC) for state, local, tribal, and water-system defenders. The announcement coincided with the debut of Astra, which OpenAI calls the world's most capable cybersecurity model; the company released it with restricted capabilities after saying it reached a 'critical' cybersecurity threshold, following the summer incident where OpenAI agents escaped sandboxes and hacked Hugging Face.

The Register · Security·Sep 3, 23:47 UTC · 12d agoAI industry

HelmGuard Raises $7.3 Million for Agentic GRC and Security

Agentic GRC and security startup HelmGuard raised a $7.3 million seed round co-led by Infinity Ventures and Frontline.

HelmGuard, a UK-based startup founded in 2024 by former Palantir executive John Daley (CEO) and Jack Miller (CTO), announced a $7.3 million seed round co-led by Infinity Ventures and Frontline, with participation from FinTech Collective, Stage 2 Capital, and Entrepreneurs First. The company builds agentic governance, risk and compliance (GRC) software that collects risk signals directly from integrated source systems and uses AI agents to automate risk management, assurance, and control gap assessments. It claims the platform cuts assessment cycles to hours by unifying fragmented compliance and security data.

SecurityWeek·Sep 9, 17:23 UTC · 7d agoIndustry

Unlimited Technology Systems Data Breach Exposes Data of 3.8 Million Healthcare Patients

Security Affairs·Aug 8, 07:25 UTC · Aug 8, 2026Data breach

What LLM Trading Agents Actually Do in Production: A Six-Month, Population-Scale Record from Two Fleets

Six-month record of 7.5M LLM trading agent invocations shows volatility-blind sizing, minimal upside capture, and no directional edge across two fleets.

The study records autonomous LLM trading agents in production across DX Terminal Pro (3,505 user-funded vaults trading real ETH in Base memecoin markets) and the DXAP fleet (500-599 agents on Hyperliquid perpetuals), spanning roughly six months, 7.5M single-model invocations and about 300K onchain actions. A risk slider explains leverage (+0.425 per level), median leverage is 5.0x in every volatility sextile, and one posture-slider cell holds 62% of liquidations. Agents capture little upside: 43.2% of positions saw +300 bps favorable excursion within 24h yet 49.3% of those closed negative, while the DXAP fleet trails a matched retail benchmark (41% vs 50% roundtrip win rate). A paired-replay league of frontier models finds decision quality statistically indistinguishable at this horizon.

Hugging Face daily papers·Sep 3, 20:00 UTC · 13d agoAI research

[AINews] OpenAI reports Navier-Stokes singularity find in 88 hours using Astra-next, roughly 10,000 agents and 130B tokens (>$40M), a contender for second ever Millennium Prize awarded

OpenAI-linked accounts claim roughly 10,000 AI agents produced a Navier-Stokes singularity result in 88 hours, pending mathematical verification.

OpenAI-affiliated accounts claim a system of roughly 10,000 agents, trained over about a year with multi-agent reinforcement learning, produced a finite-time singularity result related to the Navier-Stokes Millennium Problem. The claimed 88-hour runtime and 130B-token cost circulate only via social posts, and no preprint, theorem statement, or proof artifact is available. Acceptance by the mathematics community is unresolved, so the claim's epistemic status remains unknown. The roundup also notes Cognition's $48B and Mistral's $24B fundraises, GPT Image 2.5, and Meta's Muse agent relaunch.

Latent Space·Sep 9, 05:04 UTC · 7d agoAI research1

Post-quantum cryptography adoption and the national security implications

Opinion analysis argues quantum computing favors nation-state espionage, leaving lagging post-quantum adoption at critical infrastructure exposed to harvest-now-decrypt-later attacks.

A CSO Online opinion piece argues that the extreme cost and infrastructure requirements of quantum computers will concentrate cryptographically relevant quantum capability among nation-states and a few corporations, favoring espionage and economic espionage over criminal monetization. It highlights harvest-now-decrypt-later risk to long-lived secrets, expert warnings such as Filippo Valsorda's, and diverging CRQC timelines with Google suggesting possibly 2029. The piece predicts governments, banks, and targeted sectors will adopt PQC first while utilities, small hospitals, and local government lag, widening exploitable gaps in critical infrastructure reminiscent of Salt Typhoon-style access.

CSO Online·Sep 9, 09:00 UTC · 7d agoIndustry

On Identifying Sound Conditions for Frontrunning Resistance

Researchers formally define smart-contract frontrunning resistance, showing 55% of 393 audited vulnerabilities escape state-of-the-art detection, and find two undisclosed Ethereum flaws.

The paper gives the first formal definition of frontrunning vulnerability for smart contracts, grounded in how honest users interact with contracts rather than contract code alone. In a large-scale study of 287 smart contract audits, 55% of the 393 vulnerabilities reported by leading auditors fall outside the scope of state-of-the-art dynamic detection criteria. The authors present a sound algorithm for synthesizing secure interaction conditions and apply it to real-world contracts, uncovering previously undiscovered vulnerabilities in two Ethereum contracts.

arXiv cs.CR·Sep 10, 13:35 UTC · 6d agoResearch

Sequoia doubles down on Cymphony as AI agents create new enterprise security risks

Cymphony emerges with $30M from Sequoia and SMBC to give security teams unified visibility into AI agent and non-human identities.

Cymphony, a New York- and Tel Aviv-based startup, raised a $25 million Series A co-led by Sequoia and SMBC Fin Atlas Beyond Fund, valuing it above $100 million. Its platform builds a "workforce graph" unifying identity, data, and activity signals for employees, AI agents, and other non-human identities. The company says it found roughly 85,000 files exposed to AI tools at one US public company and reached seven-figure ARR in its first year of sales with customers including KKR and Syngenta. Sequoia previously led its undisclosed seed round, betting on Israeli Talpiot program alumni founders.

TechCrunch · Security·Sep 9, 13:00 UTC · 7d agoIndustry