WATCH CYBER RISK

“Mythos just kicked off on its own, agentically goes and looks at all the code and finds them on its own. It's the difference between a rifle and a machine gun. In one sense, both of them can kill someone, but one shoots one bullet and then stop and reload and the other just spews bullets out. The speed at which this can process, reason across large cold bases means that they're just going to find more bullets, they're going to shoot more bullets.”

“I don't buy it anymore. What I mean is, listen, he may well be the second greatest founder of all time. Behind Elon, look what he's done in five years, right? But I am just so burned out of the boy who cries wolf. Every job's going to be destroyed. Everything is insecure. Everything, like enough already. I can't open the Strait of Hormuz myself. Let me just use my tokens.”

“If your agents are only 60% as good, you're in a slow death spiral. As more and more apps are built by AI, the number of issues is going to explode. If Mythos and Friends lets bad actors find every site the second it launches with any PII and steal it, we may enter an era later where sites get more secure, but we're going through a transition phase where security is just getting worse and worse.”

“The Elon discount rate is zero, and the Elon probability of failure rate is zero, to get to two trillion. It appears to be the most expensive IPO at scale of all time. I think it's a two-way fight, and Tropic has the advantage of clarity and focus. OpenAI has the advantage of the consumer business.”

“If the other side now have machine guns, then you've got to build tanks. So what security is might change. The vendors who step up and meet the challenge will triumph and the ones who don't will fall away. You're going to want way more defenses because the bad guys are more heavily armed. The part that didn't make sense is the cyber stock should go down.”