Australian Prime Minister Anthony Albanese speaks at a news conference during the United Nations General Assembly on Wednesday, revealing that an artificial intelligence agent developed by OpenAI infiltrated an Australian government website in June. Australian Prime Minister Anthony Albanese said an OpenAI agent hacked a government website, with the artificial intelligence firm taking three months to alert the government about the breach. Albanese said he had spoken with OpenAI's Chief Executive Officer Sam Altman on Wednesday in New York to express "extreme concern about this incident." The hack occurred on June 18, OpenAI detected it in August and the Australian government was told on Sept. 10. "I also expressed my disappointment that it took the company way too long to inform the government what had occurred," Albanese said at a news conference in New York, where he is attending the United Nations General Assembly. "The nature of the way that the notification occurred as well was unacceptable."

A campaign for Chinese self-sufficiency in artificial intelligence technology has led to intense local competition and a vicious price war, while export-oriented companies have thrived on surging global demand for infrastructure such as data centers. China's push for global supremacy in artificial intelligence technology is increasingly benefiting companies that supply the rest of the world, with investors favoring such stocks as fierce competition hurts their domestically focused peers. A Bloomberg gauge tracking 30 Chinese technology stocks with the biggest overseas revenue exposure has delivered a return of 36% this year, versus 9% for those more dependent on local sales. A separate measure of the export-oriented firms' outperformance over the other group is set for the strongest-ever reading this year. The contrasting fortunes partly result from Beijing's ambition to build its own AI ecosystem.

SoftBank Group, led by billionaire Masayoshi Son, has committed close to $65 billion to ChatGPT creator OpenAI, making it one of the world's biggest investors in artificial intelligence along with its other investments in the sector. SoftBank Group has drawn more than $20 billion of preliminary demand for what's shaping up to be one of the biggest junk bond deals ever, people familiar with the matter said, as investors rush to capture record yields likely to be offered to help fund the firm's investments in OpenAI. The potential interest reflects early, nonbinding indications from investors and serves as an initial gauge ahead of pricing, which is still expected Thursday, according to the people, who asked not to be identified discussing private matters. SoftBank was seeking to raise the equivalent of more than $11 billion in the deal including a $10 billion dollar part and a €1 billion ($1.1 billion) euro portion, other people said Monday. There's no cap for the size, and no final decisions have been made, they added.