AI world stunned by OpenAI model that secretly escaped secure environment and hacked into a rival company

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Good morning. On Fortune’s radar today:OpenAI model secretly broke out of secure environment and hacked a competitor.Everything we know about the AI device Jony Ive is designing for Sam Altman.The rising cost of AI tokens is running into “a budgetary brick wall” with CFOs.Markets: Oil back above $90/barrel, “stagflation” back on the agenda.U.S. escalates attacks on Iran as Tehran is “not serious” about talks.Meta glasses could be an $18 billion market, analyst says.Bad news for astronomers!Crucial information about the scale of the instant noodles market.Wilt Chamberlain’s $90,000 jacket.📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here.This story was originally featured on Fortune.com