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A brief history of AI executives calling for regulation
The Verge chronicles the history of AI executives, from Samuel Butler and Turing-era warnings to Altman and Musk, publicly calling for AI regulation.
The article traces recurring calls for AI regulation, from Samuel Butler's 1863 warnings and Alan Turing's 1951 lecture to Bill Joy's 2000 essay and Microsoft's 2018 facial recognition stance. Modern examples include Elon Musk's 2017 remarks to US governors, the 2023 Future of Life Institute pause letter, and Sam Altman's 2023 Senate testimony. It argues such appeals from industry leaders who profit from AI warrant skepticism.
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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.
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25 Years of Mass Surveillance Is Enough
Bruce Schneier and Cindy Cohn argue post-9/11 mass surveillance expanded far beyond its counterterrorism justification and should be reevaluated for costs to rights.
An essay by Bruce Schneier and Cindy Cohn (originally in Lawfare) traces the post-9/11 shift from targeted surveillance to mass collection of telephone and internet metadata. It cites the Section 215 bulk phone records program, struck down in interpretation by the Second Circuit in 2015 and curtailed by the USA Freedom Act, and the NSA's Upstream program under Section 702 of the 2008 FISA Amendments Act, which ended content searches in 2017. The authors note mass surveillance now serves routine law enforcement and immigration actions, with FBI Director Kash Patel confirming purchases of Americans' data from brokers, and private systems like Flock license plate readers and venue facial recognition feeding government access.
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Revolut Data Breach Via Fake Government Requests – What We Know So Far
Revolut confirmed attackers extracted customer KYC records by sending fraudulent data requests from a spoofed or compromised government agency email domain.
Revolut confirmed a data breach in which an unauthorized party obtained sensitive customer records by submitting fraudulent information requests from an email account on a legitimate government agency domain with valid SPF/DKIM/DMARC authentication. Disclosed data could include full names, dates of birth, passport or driving-license copies, onboarding facial images, IBANs, account statements, withdrawal records, and complete transaction histories including Bitcoin activity. Crypto investigator ZachXBT assessed the operation targeted high-net-worth users, while a threat actor using the name 'IAmNotAVillain' claimed Italian law-enforcement departments were compromised over six months with 147 GB of material, claims that remain unverified. Revolut says only a limited number of customers were affected, blocked the email address, and notified regulators and affected customers, stating its systems and funds were not compromised.
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What we know about the Revolut data breach so far
Revolut confirmed an impersonation scheme exposed high-net-worth customers' identity documents, IBANs, and transaction histories to an attacker.
Revolut confirmed on September 12 that someone impersonating a government agency, using an email address on that agency's domain, obtained sensitive customer records. Exposed data includes birth dates, postal and email addresses, phone numbers, passport and driving licence copies, verification selfies, account statements, and transaction histories; ZachXBT added that IBANs, withdrawal records, occupations, and bitcoin transaction history were also included. Revolut says a limited number of customers were affected, the sender's address was blocked, and its systems and customer funds were untouched, with law enforcement and regulators notified.
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Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition, maker of Devin, raised $2 billion at a $48 billion valuation led by a16z, Accel, and Founders Fund, with revenue at $900M annualized.
Cognition raised $2 billion at a $48 billion valuation, four months after a $26 billion round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Its annualized run-rate revenue grew from $492 million to $900 million since May, with projected $4-5 billion by end of 2026, while compute costs could push 2026 burn to $800 million. The startup, founded by Scott Wu, counts Mercedes-Benz, NASA, Goldman Sachs, and Citi as customers and is training its own model to cut reliance on OpenAI and Anthropic.
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