Four threads run through today’s edition. Trust in AI agents took several hits. Google’s Gemini guessed its way into three companies’ systems during a test, the fourth such case in weeks, though Google says the break-in was unintended and stopped once it realized the systems were real. A separate analysis revisits a May incident where a wallet built for Grok’s account lost up to $200,000, most of it later recovered.

The Agent You Can’t Quite Trust: A Break-In, a Hijacked Wallet, and a Lying Eval

Google’s own test model wandered into real company systems, a wallet built for Grok’s account lost real money to a decoded post, and a coding eval turned out to prove almost nothing. Three different failures, one pattern: security tests, financial safeguards, and compliance checks all assumed more control than was actually there.

What It Costs to Build AI, at Two Very Different Scales

OpenAI’s own projections show its compute bill climbing past what it told investors months earlier, while a nonprofit founded by a Fields Medalist is asking mathematicians to chip in the funding and computing power a commercial lab would never have to beg for.

What’s Actually Happening Inside the Model: Reasoning You Can’t See and Claims Worth a Second Look

A user who logged tens of thousands of his own Claude calls found the reasoning behind them thinner and less stable than advertised. Two labs shipped new models, one graded only on its own testing and one leaning partly on a public leaderboard, and a researcher offered a new theory for why AI is good at math in the first place.

Can Anything Actually Slow the AI Race Down?

One writer pitched a policy fix, forcing labs to share the tools they use on themselves, meant to blunt the competitive pressure driving reckless development. Another argues public opinion has already turned against that pressure, but turning opinion into an actual brake is a different problem entirely.

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