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The IMF claims AI-powered cyberattacks pose a systemic risk to the global financial system, saying in a new report that extreme cyber incidents could "trigger funding strains, raise solvency concerns, and disrupt broader markets." The report argues the financial system's reliance on a small number of platforms and cloud providers means one exploited weakness could cascade across institutions and borders. The IMF says advanced AI models can "dramatically reduce" the time and cost of finding and exploiting vulnerabilities. The warning follows Anthropic's recent disclosure that its unreleased "Mythos" model proved extremely effective at discovering zero-day vulnerabilities that developers didn't know existed. The White House says it is running an "all-government" effort to test the model before release, and the U.S. government announced a new policy requiring access to tech companies' AI models for evaluation before they go public. The IMF also claims emerging and developing countries face disproportionate exposure because they lack the resources to defend against these attacks. IMF chief Kristalina Georgieva said last month the global financial system is "not ready" for the cybersecurity threats posed by AI.

Ten years ago when Elon Musk unveiled the Tesla Model 3 critics said it was impossible to make an EV profitably for $35,000. It wasn’t easy… but today you can buy a Model 3 that is way better than what was unveiled 10 years ago for just $27,000 in 2016 dollars and Tesla has been profitable for many years. The Tesla team didn’t just hit their goal. They smashed through it. Cheers to the mass market EV that started it all. Now, Tesla begins production of the Model 3 which will start at just $18,306 in 2016 dollars and have no steering wheel or pedals.