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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.

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This story was originally featured on Fortune.com