"Criminals are defrauding AI firms by signing up for new accounts in order to steal tokens used to buy computing power, according to Stripe CEO Patrick Collison. Token thieves now account for one in every six new customer signups, he says. Thieves steal the tokens to resell them or use them for criminal ventures."
""Token pilfering" is so widespread it's becoming too expensive for some AI startups to offer free trials to prospective customers. "I think token theft is the most under-discussed topic in AI," Emily Sands, Stripe's Head of Data and AI, told 's Jeff John Roberts . "One of the things that's really scary about that is that these attackers can burn inference costs, can rack up massive usage"
"S&P 500 futures were up 0.5% this morning. The index fell 0.38% yesterday. In Europe, the Stoxx 600 was down 0.67% in early trading and the U.K.'s FTSE 100 was down 0.24% before lunch. Asia: South Korea's KOSPI rose 0.11%. Japan's Nikkei 225 was down 0.19%. India's Nifty 50 was down 0.39%. China's CSI 300 was down 0.58%."
"Something like 85% of companies beat expectations, way above the historic average. (Not all companies have reported yet.) "This represents arguably the strongest earnings growth in two decades," Jim Reid and his colleagues Binky Chadha and Parag Thatte say."
S&P 500 futures rose 0.5% while the index fell 0.38% the prior day. European markets were lower early, with the Stoxx 600 down 0.67% and the FTSE 100 down 0.24%. In Asia, South Korea’s KOSPI rose 0.11%, while Japan’s Nikkei 225 fell 0.19%, India’s Nifty 50 fell 0.39%, and China’s CSI 300 fell 0.58%. Brent crude traded at $100, up from $96 the day before. Despite international chaos, corporate earnings were strong, with about 85% of companies beating expectations, indicating the strongest earnings growth in two decades. Token thieves now account for one in six new AI customer signups, stealing tokens to resell or use for criminal ventures and driving up costs for some startups’ free trials.
Read at Fortune
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