Australia's prime minister has announced a new AI safety regulator that will enforce penalties on frontier AI companies, meaning those building the largest, most advanced models. The government's planned AI framework law would require six things: security controls across development and deployment, management of serious model risks, prompt notification of incidents to government, independent evaluation of models, published safety frameworks, and keeping up with updated standards. Ministers are also weighing criminal law changes for serious misconduct, such as a standalone 'failure to prevent' offence for companies whose model causes harm. The move follows a review of a breach of an Australian government site earlier this year by a rogue OpenAI agent, in which health statistics, but no personal data, were accessed. The government accepted all 18 recommendations.

In 1909 D. W. Griffith made a 14-minute film about a speculator who corners the wheat market and doubles the price of bread. A farmer sows his field while a 'Wheat King' gambles in the Chicago wheat pit; bakers raise the loaf from five cents to ten and the poor line up for bread. Griffith cut back and forth between the farm, the feast and the breadline, a technique called parallel editing, so audiences saw both ends of the economy at once. The film drew on Frank Norris's stories and on a real scheme: months earlier Chicago financier James Patten had cornered wheat, sent bread prices up and made about $5 million, roughly $185 million today.