The Cyber Pandemic Is Here: AI Found a Hole in the Code Running Most of the Web | Rabbit Hole Recap 425
Rabbit Hole RecapAI helped researchers find a hole in PHP, the code running most of the web. The details leaked, and Cloudflare saw exploit attempts hit the millions within a day.
Marty Bent and Thomas Pacchia are live to ask whether the cyber pandemic is finally here, what Amazon's AI spending says about the slowdown, and why a water heater that mines bitcoin might be the most decentralized miner yet.
On today's show:
🔁 Last week, revisited: the OCC drops its yield presumption in the final GENIUS rule, and Anthropic's prospectus lands after its revenue slowdown
🛡️ PHP2Shell: AI found a decade-old flaw, it leaked early, and 2026 has already produced 21.7% of every CVE ever published
🔥 Heatbit's Bitwater: a water heater element with 20 mining chips that screws into the tank you already have
🤖 Amazon's AI spending took it free cash flow negative, with GPUs sitting in warehouses waiting on power. Bitcoin miners lived this in 2021.
📊 SpaceX's AI revenue is real, Anthropic's $80.7B loss is mostly paper, and the real question is revenue quality
📉 Black Monday never showed up, but bond convexity and the diesel squeeze did
🔑 Your API key is a bearer instrument: OpenCode, LiteLLM, Railway and a security checklist for the weekend
🪪 Someone opened a Cash App in her name and she's the one facing prison
💼 Wall Street keeps building ways to own bitcoin without owning bitcoin: BlackRock's PBIT and MSCI's new rule
⚡️ Tokens get cheaper, compute gets scarcer, and miners sit on the power
Drop your questions in the chat. We'll get to as many as we can.
📰 Read the newsletters behind this episode:
AI Found the Bug. Then It Leaked: https://www.tftc.io/php2shell-ai-vulnerabilities-cve-surge/
No Hedge on Earth: https://www.tftc.io/ai-slowdown-amazon-gpus-warehouses-no-hedge-on-earth/
Real Revenue, Paper Losses: https://www.tftc.io/spacex-anthropic-ai-revenue-quality/
Black Monday Never Showed Up: https://www.tftc.io/ten31-timestamp-black-monday-ai-bonds-diesel/
🔥 Heatbit Bitwater: https://heatbit.com/pages/bitwater
Plug your AI agent into TFTC for free: https://www.tftc.io/ai
Follow Marty: https://x.com/MartyBent
Follow Thomas: https://x.com/tpacchia
TFTC: https://tftc.io