Mark Cuban and Other Founders Wade Into Wealth Tax Debate

ImageAndrew here.The president of OpenAI, Greg Brockman, is expected to publish an essay today about the increasing cybersecurity threats that artificial intelligence presents, describing a tipping point that may be underappreciated.

He says that OpenAI is improving its cyberdefenses as models get smarter and more dangerous, and he offers advice to others: “Over the coming months, every organization will need to begin significantly automating its security program to stay secure.”Keep an eye out for it later this morning.More below.

Cuban clashes with Khanna over the wealth taxCalifornia’s wealth tax proposal has become an expensive and closely watched political fight, as the issue of economic disparity looks set to dominate midterm elections in November and beyond.Now, more tech heavyweights have weighed in amid concern that Proposition 40 — which would impose a one-time 5 percent tax on California billionaires — could upend the state’s start-up ecosystem.The latest: On Saturday, Representative Ro Khanna, a Democrat who represents parts of Silicon Valley, posted on X that the measure was gaining traction.“California voters want a Democratic Party that will stand up for the working class over the billionaire class,” Khanna said, adding that the proposal has the backing of Senator Bernie Sanders, independent of Vermont, and California labor groups.The California Democratic Party supports the tax measure, but the effort has drawn opposition from figures like the state’s governor, Gavin Newsom.Still, Khanna wants to see a national tax on billionaires, he said last week at a Democratic National Convention meeting in Texas.

(While he’s against Proposition 40, Newsom has called for a national wealth tax, too.)The backlash was swift.Mark Cuban, the prominent entrepreneur and investor, warned Khanna that the California proposal would sock entrepreneurs who raise billions for their start-ups.We are having trouble retrieving the article content.Please e...