The Cyber Pandemic Is Here: AI Found a Hole in the Code Running Most of the Web | Rabbit Hole Recap 425

About this episode

AI 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 instr