​

Got this newsletter from a friend? Subscribe for free →

Happy Monday! Last week’s official IPO filing from Anthropic seemed like it brought back AI optimism for a minute there, but simmering investor worries over debt, combined with a scary earnings call for Google, seem to have shifted the economic roller coaster back into “plunge” mode.

But the markets aren’t everything, and if you unwisely come to Gizmodo for investment advice, I’ve got bad news: most of today’s newsletter is about AI and hacking, AI and Apple gadgets, and AI and love. Sorry, finance folks!

— Mike Pearl

/ In today’s Brief
/ The Big Story

The news: The fallout from the $6.3 billion Binance hack overshadowed all tech news this weekend, but is it even an AI story? On one hand, common sense suggests AI was in the mix. “A.I. is undoubtedly turbocharging the ability of hackers to find and exploit subtle flaws in various parts of the crypto ecosystem,” Cornell economist and crypto expert Eswar Prasad told the New York Times in a story about the Binance hack. “The scale and scope of such attacks is likely to intensify.”

It speaks to an increasingly common type of AI prophecy of doom, preached by figures as prominent as Bill Gates. According to this thinking, the AI models that currently exist are the bringers of potential doom because too much power may already be in the hands of bad actors. 

The takeaway: As the dust slowly settles after this heist, we’re learning that AI may not have been central to pulling it off. AI may or may not have been used to find the core vulnerability by brute force, and may or may not have been part of the automation that helped quickly launder the funds. As Joshua Saxe, CTO of Abundant Security, told the Times, “North Korea had sophisticated threat actors that could have done this pre-A.I.” So let’s not get carried away. 

/ The Under-the-Radar Story

The news: We looked at two unsettling trend stories that both came out, fittingly, on Halloween. One in the Guardian is drawn from data showing that 39% of British singles—66% if they’re Gen Z—have used AI in their dating lives. Meanwhile, the New York Times explored the dating scene in the AI-saturated tech hothouse of San Francisco, where one matchmaker describes dealing with tech founders more used to using AI to make decisions than their own intuition. 

The takeaway: AI coding was already powering many of the most popular dating apps, and their core feature has always been search and discoverability driven by old-fashioned AI algorithms. Maybe whatever puts you in a chair across from another human being simply must be tolerated. It’s better than the alternative. 

/ The Apple Story

The news: According to Bloomberg’s Apple scoop-getter Mark Gurman, customers—notably scalpers looking to gouge people on the secondary market—are using AI-powered bots to camp out at the “Buy” button on the Apple website. According to PBS NewsHour, an illegal version of this newly AI-powered process is now happening with concert tickets. 

The takeaway: It’s almost impossible to find an iPhone Duo right now unless you pay an inflated price on a site like eBay, where scalpers are supposedly getting people to pay twice the retail price. And keep in mind as well that the AI-driven memory shortage is associated with product delays and price hikes at Apple. 

/ Chart of the Day
Quote of the Day

“We don't want to ship AI for AI's sake. When we're doing it right, people won’t have to think about whether it was AI that made this happen or more traditional software.”

— Apple CEO John Ternus

Ternus reflected on Apple’s shaky recent history with AI in an interview with Wired.

/ What We’re Reading

Wall St Week Ahead Midterm US elections, earnings, jobs data loom for AI-wary stock market

AI Investors Are Racing to Get Insurance on the Biggest Market Bet in History

AI Isn’t a Revolution—Yet

Is There Life After AI? Cory Doctorow Thinks So.

Apple Intelligence is finally coming to China with iOS 27.3

Anthropic’s potential $2 trillion IPO could turn staff into millionaires—but the AI firm is asking candidates what they’d do if stock fell to zero

How an obscure website became a force in America’s election information machine.

The biggest names in AI are backing a new way to opt out of scraping

Why AI is boosting Meta’s ad business while hurting Google search

/ The AI Trade

▼ Nasdaq

25,437.00

-2.86%

▼ S&P 500

7,580.07

-1.82%

▼ Nvidia

204.64

-4.22%

▼ Alphabet

279.84

-1.40%

▼ Microsoft

521.91

-1.55%

▼ SpaceX

134.72

-6.37%

▼ Meta

614.99

-1.53%

▼ Amazon

240.35

-1.41%

▼ Micron

884.74

-5.30%

*Stock data as of Friday’s market close. For informational purposes only, not investment advice.

What did you think of today's newsletter?

Your feedback shapes what we cover next. One click is all it takes.

Login or Subscribe to participate

That’s it for today, folks! Have a good one.

​
Want to reach AI enthusiasts? Advertise with us.
Tech, culture, gadgets? Join the Gizmodo newsletter.
Sci-fi and mind-bending science? Join the io9 newsletter.