A shorter episode this week, recorded from the sidelines of Mind The Sec, soon to be Black Hat Latin America. The headline is distillation. Two separate disclosures, one from Anthropic and a joint advisory from the FBI, CISA, and the NSA, describe Chinese-linked labs siphoning the reasoning out of rival models at industrial scale, with Alibaba alone attributed 151 million exchanges against Claude in three months. Around that sit the usual escalations: AI-run exploit foundries, malware that rebuilds itself to dodge antivirus, model keys stolen through gateways, a covert attack that hides in plain English, and one runaway agent that burned $50,000 in a couple of hours.

Note: there is no episode next week. We will be back in a couple of weeks with a longer edition covering both weeks.

Key Discussion Points

• Two ...