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AI & Enterprise

AI hacking spurs shift in corporate security spending priorities

As AI hacking spreads, companies are not only increasing cybersecurity budgets but also changing spending priorities, benefiting some newer security technologies while sidelining parts of the traditional stack. Large firms are raising outlays for tools to monitor employee AI use, find vulnerabilities ahead of hackers and speed patching. Some are cutting spending on traditional vulnerability management, log collection and penetration testing. Gartner forecasts strong growth in the AI security market through 2028.

AI & Enterprise

ElevenLabs appoints former OpenAI executive Ashley Kramer as CRO

AI audio company ElevenLabs said on Tuesday it has appointed Ashley Kramer (애슐리 크레이머), a former OpenAI executive, as chief revenue officer. Kramer led enterprise sales at OpenAI, handling AI adoption and sales for Fortune 100 companies. She previously held leadership roles in sales, marketing and product and technology at GitLab, Alteryx and Tableau. ElevenLabs said its annual recurring revenue this year doubled from a year earlier to $600 million, with enterprise customers accounting for about 55 percent of revenue.

Crypto

U.S. September rate hike odds at 55.5 percent; bitcoin holds $78,000 level

Odds of a U.S. Federal Reserve rate increase in September overtook expectations for a hold, with Polymarket pricing a 0.25 percentage point hike at 55.5 percent. Treasury yields rose and broader markets reacted, while bitcoin held the $78,000 range and ether stayed above $2,470. Investors are watching U.S. inflation and jobs signals ahead of the Aug. CPI report due Sept. 11 and the Sept. FOMC meeting.