Insiders knew advanced AI models would escape the lab and wreak havoc, former OpenAI board member confesses

Good morning. On Fortune’s radar today:

• Insiders knew that advanced AI models would escape the lab and wreak havoc.
• Chips get salty: SK Hynix profit up 557%—and the stock still tanked.
• Wall Street asks, what if hyperscaler capex is more of a problem than a solution?
• There’s a good chance that the Fed’s Warsh will deliver a massive surprise today.
• Late-stage leverage has arrived, per Pimco.
• The midterms are hurting stocks.
• Shopify CEO favors ending voting rights for people who don’t pay tax.

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This story was originally featured on Fortune.com