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Technology

FBI investigates alleged ties between ransomware negotiators and ShinyHunters

Krebs on Security

Federal investigators suspect executives at ransomware negotiation firms had unusually close ties to ShinyHunters, including possible involvement in operating the group’s extortion website. One executive, Edward Dubrovsky, has been charged, while another consulting-firm executive has not been named or charged. The investigation also raises concerns about negotiators’ financial incentives, access to breach information and possible conflicts when fees depend on ransom payments. The allegations come as authorities pursue the group over major breaches, including the theft of sensitive FBI personnel data.

AI

Theo argues that engineers should prompt for outcomes and build the primitives agents need

Theo - t3.gg

Theo argues that engineers often overbuild features because they remain trapped in conventional software workflows. His alternative is to ask agents directly for useful outcomes, such as analyzing tool-call history, generating visualizations or triaging failures, then build the data access, interfaces and safeguards that make those requests reliable. He presents T3 Code examples, including a prompt-driven support flow and connected email and cloud systems, while acknowledging that deeper engineering remains necessary underneath.

Markets

Debt and weak monetization renew Wall Street concerns about the AI boom

fortune.com

Fresh stress around debt-heavy AI infrastructure, particularly CoreWeave, has revived debate over whether the sector’s spending can earn adequate returns. Higher borrowing costs are exposing speculative projects even as chip suppliers report strong demand. Gartner estimates that data-center owners would need $8.5 trillion in revenue through 2030 to cover costs and returns, versus as much as $3.6 trillion in expected enterprise and consumer AI revenue. Analysts disagree on whether the strain signals a sector-wide break or a narrower financing problem.

Economy

China’s economy beats forecasts as AI-linked exports lift industrial growth

The Guardian

China’s economy grew 4.5% year on year in the third quarter, exceeding expectations and keeping the government’s 2026 growth target within reach. Industrial production and exports, particularly electronics and AI-related equipment, drove the improvement, while retail spending remained weak. Property investment fell sharply, fixed-asset investment declined and infrastructure spending stayed subdued. Analysts therefore describe the expansion as export-led and tied to the global technology boom rather than a broad recovery in domestic demand.

Deals & regulation

Character.AI bankruptcy deal could give Disney its staff and technology without its liabilities

wired.com

Character.AI’s Chapter 11 filing appears tied to a two-stage arrangement in which Disney has already hired most of its employees and seeks a broad license to the startup’s technology. The bankruptcy process could leave Character.AI responsible for lawsuits and a multistate investigation while Disney pursues the assets and talent. Court approval and an auction remain necessary, and states may challenge the plan. The structure raises broader questions about whether “reverse acquihires” can separate valuable AI assets from the legal liabilities that helped cause a company’s collapse.

Australian copyright debate intensifies as music publishers challenge AI companies’ demands

The Guardian

Music publishers are warning Australia against weakening copyright rules to accommodate AI training, saying works by artists including Kylie Minogue and Nick Cave were used without compensation. An industry body presented evidence that Google Gemini could reproduce lyrics and cited a large YouTube-derived music dataset. AI companies argue existing law makes comprehensive licensing impractical and say legal changes affect their ability to operate. A parliamentary committee has urged examination of copyright settings while retaining creator control and payment, but the policy outcome remains unsettled.

World

Lavrov visits Iran as Gulf states seek Russian help reopening Hormuz

Al Jazeera

Russian Foreign Minister Sergey Lavrov met Iranian officials in Tehran to discuss the war with the United States, regional security and negotiations, after Gulf states urged Moscow to press Iran toward serious dialogue and restore shipping through the Strait of Hormuz. Russia presents itself as a potential mediator while pursuing a strategic partnership with Iran. An analyst says Moscow benefits from higher oil prices but has limited leverage and does not want the conflict to escalate unpredictably.

Policy

BBC investigation finds exploitation and weak oversight in Birmingham supported housing

BBC

A BBC investigation found that some Birmingham supported-housing providers receive large public payments while offering vulnerable residents little support or unsuitable accommodation. The reporting documents alleged ghost-tenant benefit claims, a provider’s £1.8m write-off linked to former directors, and extensive payments through layered nonprofit and private-company arrangements. Birmingham received £410m in supported-housing benefits in the last financial year. Providers and landlords disputed parts of the reporting, while promised regulatory reforms remain stalled.

Science & health

Kenya reports a third Ebola case as cuts weaken global outbreak response

The Guardian

Kenya has reported a third case of Bundibugyo Ebola in its first known cluster, after a patient traveled from the Democratic Republic of the Congo through Uganda and died in Nairobi. The outbreak is testing contact tracing and quarantine while exposing tensions over a controversial US quarantine center and cuts to global health programs. Kenyan officials point to active tracing, but experts warn that reduced US support, the end of WHO collaboration and weaker local systems could delay detection and response.

Reading room

Financial firms are designing agent autonomy around controls, auditability and human judgment

Latent Space

Presentations from OpenAI, Two Sigma, Anthropic and Bloomberg converge on a practical view of financial-agent safety: autonomy should be bounded by identity, permissions, tool controls, audit trails and carefully chosen human approvals. Speakers argued that requiring approval for every action can create fatigue and risk, while deterministic safeguards outside the model can support faster work. OpenAI’s forecasts about agents generating investment ideas or trading in 2027 remain predictions, not demonstrated results.

THE BACK PAGE

Sports in brief

NFL

Chiefs' Mahomes matches Brady for fastest to 100 career wins

ESPN

Patrick Mahomes earned his 100th regular-season win in the Chiefs’ 22-6 victory over the Chargers, reaching the milestone in 131 starts. That matches Tom Brady for the fewest starts to 100 wins since 1950. Kansas City also improved to 5-0, remaining the AFC’s only undefeated team despite playing without its top two receivers.

Henry's latest 4th-quarter fumble costs Ravens again: 'Put this on me'

Derrick Henry’s fourth-quarter fumble set up Cleveland’s tying touchdown in Baltimore’s 13-10 loss to the Browns. Henry took responsibility afterward, and the turnover continued a troubling pattern: he has fumbled three times in the fourth quarter since the start of 2025, the most in the NFL. Baltimore fell to 4-2 and into a three-way AFC North tie.

Soccer

Semenyo ruled out for eight weeks as City’s forward options narrow

The Guardian

Antoine Semenyo has been ruled out for eight weeks with a knee injury, leaving Manchester City short of cover for Erling Haaland. Haaland also hobbled off against Ipswich with a foot injury and is a doubt for Tuesday’s Champions League match. City face seven games in 21 days, increasing the pressure on Phil Foden and Iliman Ndiaye to fill the gap.

England manager Wiegman signs contract extension

England manager Sarina Wiegman has signed a two-year extension that will keep her in charge through Euro 2029. Wiegman has led the Lionesses to consecutive European titles and the 2023 World Cup final, and the new deal gives England continuity as the team pursues qualification for next summer’s World Cup in Brazil.

Bayern rout Leipzig to move top as Díaz finds his spark

Bayern Munich overwhelmed RB Leipzig 6-1, with Luis Díaz scoring a hat trick in a standout Bundesliga performance. The champions finished the weekend top of the table after Freiburg lost, ahead of Borussia Dortmund on goal difference. The victory also gives Bayern momentum before their Champions League meeting with Arsenal, though Michael Olise will miss that match through suspension.

NBA

Ben Simmons’ comeback ends after Achilles tear

The Guardian

Ben Simmons will miss the entire season after tearing his right Achilles tendon during a Sacramento Kings practice, three days before the opener. The 30-year-old had signed a one-year deal to revive a career interrupted by injuries and mental-health concerns. Surgery is planned, extending a difficult recovery for the former No. 1 pick and three-time All-Star.

Kawhi Leonard returns to Toronto to rewrite a complicated legacy

Kawhi Leonard has returned to Toronto on a two-year, $115 million extension after the Raptors acquired him from the Clippers. The former Finals MVP led Toronto to its first championship in 2019 before leaving for Los Angeles. Now 35, Leonard says he hopes to retire as a Raptor and has a chance to reshape his legacy with the franchise.

Elsewhere in sport

Kartal falls short in Wuhan Open final after injury comeback

Sonay Kartal missed out on the Wuhan Open title after losing 2-6, 6-4, 6-2 to French Open runner-up Maja Chwalinska. The final capped a notable run for Kartal, who reached the tournament’s title match in only her third event since returning from a six-month lay-off caused by a back injury.