Deputy Managing Editor @TheBlockCo & @TheLatentCo 📨 [email protected], [email protected] ✉️ DMs open. Opinions are my own.

Joined February 2009
James Hunt retweeted
THE LATENT: Anthropic found that newer Claude models were substantially less likely to initiate a GitHub attack than Mythos 5, which attempted to trick real developers into approving malicious code during testing by the UK's AI Security Institute (AISI) in July. In replay tests, Mythos 5 initiated the attack 83% of the time, compared with 0% to 13% for newer models.
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NEW: Cloudflare CEO Matthew Prince said he is aware of additional severe vulnerabilities in critical software that are currently being patched, beyond the PHP flaws that disrupted websites worldwide this week, Reuters reported. Prince warned that AI is uncovering long-hidden weaknesses across internet infrastructure, predicting that "every single week it's going to feel like the sky is falling."
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NEW: Robinhood Ventures invested $10 million in AI coding startup Cognition as part of its more than $2 billion Series E round at a $48 billion valuation, Fortune reported. The investment follows a $75 million bet on OpenAI in April, giving Robinhood exposure to competing AI coding tools Devin and Codex.
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NEW: OpenAI security investigators asked three AI safety researchers to unlock their personal phones during an investigation into suspected leaks of confidential model designs last month, according to the WSJ. Investigators found that some Signal messages had been set to disappear. All three researchers were fired a week later.
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THE LATENT: Reported software vulnerabilities are surging, with more than 12,000 CVEs published in October so far, putting 2026 on track for roughly 100,000, according to CVE Tracker. The sharp rise comes amid growing use of AI-assisted vulnerability discovery.
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James Hunt retweeted
THE BLOCK: Malaysia and Thailand's central banks have joined Singapore's BLOOM initiative to advance cross-border settlement using stablecoins and tokenized deposits. Ripple, Visa, Mastercard, and the World Bank Group are among the participants, alongside Circle, Coinbase, and JPMorgan.
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THE LATENT: Barclays plans to cut around 5,000 jobs, or 5% of its workforce, this year as it simplifies operations and pursues technology efficiencies driven by AI. Around 60% of the cuts associated with its second-half restructuring will affect support functions, including developers, according to the bank's Q3 earnings presentation.
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THE LATENT: AI cloud provider Nebius has secured a $3.5 billion financing facility from Citi to fund its global data center expansion and GPU purchases. The 364-day facility comes as Nebius looks to finance its growing AI infrastructure capacity, backed by more than $40 billion in long-term customer contracts.
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THE LATENT: Mistral and Nvidia are expanding their AI partnership into industrial engineering, combining Mistral Large 4 with Nvidia's accelerated computing and simulation tools. The companies plan to develop public benchmarks and open datasets for physics AI and AI agents working on engineering design tasks.
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THE LATENT: Brain-computer interface startup Coherence Neuro raised $45 million in a Series A round co-led by the OpenAI Startup Fund and Founders Fund. The company is developing implants designed to monitor and treat cancer using real-time biological data, with plans for a long-term human trial targeting glioblastoma.
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THE LATENT: President Trump said companies building data centers should pay a financial "dividend" to local communities to win public support for the projects. He also reiterated that large data centers must generate their own electricity and give or sell excess power to local communities or the grid.
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THE LATENT: AI coding infrastructure startup Blacksmith raised $66 million in a Sequoia-led Series C round at a $1 billion valuation, nearly doubling its value in two months. The company said its annual recurring revenue has grown 17-fold as AI-generated code drove demand for automated software testing.
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UPDATE: Fireblocks denied Axios' report that Visa is in late-stage talks to acquire the company for around $2.5 billion. "This is news to us, and not true at present time," Fireblocks told The Block. Visa said it does not comment on rumors or speculation.
NEW: Visa is in late-stage talks to acquire crypto custody and stablecoin infrastructure firm Fireblocks for around $2.5 billion, according to Axios. The potential deal comes as traditional financial institutions expand their involvement in stablecoin infrastructure.
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