Canva under the microscope, BHP cashes in on copper
Canva is facing AI token fraudsters who are exploiting loopholes to access AI credits beyond normal limits, with some later sold on grey markets. This comes as two of Canva’s earliest backers, Blackbird and Airtree, wrote down its valuation by 17% to USD34.9 billion. Meanwhile, BHP posted a blockbuster USD9.8 billion profit — and for the first time, copper contributes more than half of the miner's earnings as the AI data centre boom rewrites Australia's mining story.
We discuss:
How token fraud works and why Canva's AI product made it a target for organised scammers.
How this scam plays out…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.