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Rhino Resources extends discovery offshore Namibia

Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia. The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, […]

Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia.

The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, 2026, with the Saipem 12000 drillship, in 1,285 m of water. It reached 4,818 m MD on June 11, 2026. 

The well intersected a gross reservoir interval of 46 m. A representative core of the main reservoir section was acquired, and a full suite of wireline logging and formation evaluation data was collected.

Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure communication with the reservoir fairway discovered by the Capricornus-1X well. The results provide further evidence of reservoir continuity across the Capricornus accumulation and represent an important data point in the ongoing appraisal of the discovery, the company said.

The core, pressure, and wireline datasets acquired from Capricornus-1A will be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities.

Rhino is operator of the license joint venture with 42.5% interest. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%). bp plc and Eni SPA each hold a 50% interest in Azule Energy, which entered the block in 2024.

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Bharat Petroleum awards contract for Bina refinery expansion

Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to Duncan Engineering Ltd. (DEL) for supply of valves as part of the operator’s project to expand production of petrochemicals at its 7.8-million tonne/year (tpy) refinery at Bina, Madya Pradesh. As part the late-June contract award, DEL will deliver its critical

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Neste plans 9-week turnaround at Porvoo refinery

Neste Corp. will undertake a major turnaround beginning in August at its 10-million tonne/year (tpy) refinery in the Kilpilahti industrial area of Porvoo, Finland, about 20 miles east of Helsinki. Budgeted at an overall investment of more than €400-million ($457 million) and scheduled to run through October, the 9-week turnaround

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San Mateo Midstream expands Delaware basin footprint with $752-million acquisition

San Mateo said the assets complement its existing gathering and processing system and will improve natural gas flow across the northern Delaware basin in southeast New Mexico and West Texas. The acquisition is expected to increase San Mateo’s designed processing capacity to more than 1 bcfd and expand its gathering network to more than 800 miles. Integration of the systems is expected to provide immediate operating synergies, including the ability to move volumes between Cardinal’s Loving County plant and San Mateo’s Marlan and Black River plants in Eddy County. “With this acquisition, San Mateo not only gains more processing capacity, a larger pipeline system and a more diverse customer base but also improves its positioning for strategic transactions in the future,” said Brian J. Willey, San Mateo chairman and executive vice-president of midstream for Matador. Willey added that connecting the systems will “complete the circle” of San Mateo’s Delaware basin infrastructure, enhancing flow assurance for Matador and third‑party customers and improving flexibility to move natural gas throughout the northern Delaware basin north to south or south to north. The transaction is expected to close on or before July 31, 2026, subject to customary conditions. Cardinal’s field employees are expected to join San Mateo upon closing.

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QatarEnergy signs commercial declaration for offshore Cyprus

QatarEnergy has signed a commercial discovery declaration for the Glaucus and Pegasus fields in Cyprus, partnering with Cyprus and ExxonMobil to progress development plans and regulatory approvals for offshore gas production. <!–> June 30, 2026 –> Key Highlights QatarEnergy signed a commercial discovery declaration for offshore Cyprus. QatarEnergy, the government of Cyprus, and ExxonMobil will support the next phase of Block 10 development.

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Neste charts course for renewable fuels amidst industry retreat

Another technology that could provide massive potential to help meet rising energy demand and contribute to global climate goals is renewable hydrogen. Renewable hydrogen—or green hydrogen—is produced by electrolysis, where hydrogen is processed from water using renewable electricity (e.g., wind, solar) by splitting water molecules. Currently, around 95% of all hydrogen is made using fossil-derived natural gas, resulting in high GHG emissions. Since renewable hydrogen is nearly free of GHG emissions, the transition to a renewable hydrogen economy hold potential to transform the energy landscape. Just as with Neste’s the pilot program in Rotterdam, renewable fuel producers could benefit by evaluating options for replacing fossil-based hydrogen with renewable hydrogen in their production processes. In the renewable fuels production process, supply chain optimization is critical to ensure stable flows of both raw materials and end products. For Neste, this means an extensive global network for sourcing renewable raw materials and a market-centric distribution network to ensure renewable fuels reach customers and key markets quickly and efficiently. In the US, Neste made a major strategic move to enhance its supply network with the acquisition of Mahoney Environmental in 2020. This integration provides Neste with access to used cooking oil from over 100,000 locations across the country. To ensure efficient product delivery, Neste has also been fostering partnerships with infrastructure providers to lease terminals that are strategically located near key markets. These terminals are often well-connected to fuel logistics via vessels, barges, trucks, and pipelines. Having terminal capacities close to key markets can notably increase the availability and accessibility of Neste’s renewable fuels to customers. For example, the streamlined logistics system enabled a major expansion of Neste’s SAF supply in 2025, when Neste and United Airlines Inc. extended their partnership, making United the first commercial airline to purchase SAF for use on flights

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Talos Energy, Ridgewood sign deal to acquire Gulf of Mexico assets from Shell Offshore

Talos would acquire a 25% non-operated working interest in the bp plc-operated (50%) Na Kika platform and the Kepler, Ariel, Fourier, and Herschel fields, along with a 50% working interest and operatorship in the Coulomb field, the company said in a separate release. The Na Kika interests are subject to a 30-day preferential purchase right held by affiliates of bp. According to bp’s website, Na Kika is one of bp’s “most prolific producers in the Gulf,” as a hub for 8 subsea fields with more than 100 miles of infield flowlines which make up the gathering system. Na Kika, which lies 140 miles southeast of New Orleans in 6,340 ft of water, is designed to process up to 130,000 b/d of oil and 550 MMcfd of natural gas. If exercised, Talos would acquire only the 50% working interest and operatorship in Coulomb field, Talos said. Shell’s entitlement production from the assets is expected to average 37,000 boe/d in 2025. The company reported proved reserves at year-end 2025 of 4.3 MMboe for Na Kika and 7.2 MMboe for Coulomb. Based on its internal modeling, Na Kika and Coulomb “will not be meaningful contributors to production by 2030,” Shell said. Average first-quarter 2026 production attributable to the interests Talos expects to acquire was about 16,000 boe/d, of which about 77% was oil, Talos said. What Shell retains The agreement includes a 50% upside-sharing arrangement with Shell from closing through year-end 2027, subject to commodity price thresholds and certain other contingencies. The arrangement applies if realized oil prices exceed $60/bbl, Talos said. According to Shell, it will receive uncapped upside-linked payments through 2027 and overriding royalty interests on production from future Na Kika tiebacks, subject to specified conditions. Shell Trading US Co. will retain rights to offtake production from Na Kika and Coulomb

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Equinor and Vår Energi swap NCS interests to advance Peon, strengthen Gjøa positions

@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Equinor Energy AS and Vår Energi ASA agreed to exchange interests across several Norwegian Continental Shelf (NCS) licenses in a transaction aimed at advancing the Peon gas discovery and consolidating each company’s position in core areas. “This transaction enables us to speed up progress of one of the largest undeveloped gas discoveries on the NCS, Peon, while strengthening our position in the Troll-Fram area,” said Kjetil Hove, executive vice-president for exploration and production Norway. Vår Energi’s chief executive officer, Nick Walker, said the agreement “strengthens our position in the Gjøa area, one of our key operated hubs,” adding that operatorship and increased ownership of Peon “position Vår Energi to deliver long-term value from existing infrastructure.” <!–> –><!–> –> June 25, 2026 Øyvind Gravås / © Vår Energi <!–> ]–> <!–> June 18, 2026 ]–> Jan Arne Wold and Elisabeth Sahl / ©Equinor <!–> ]–> <!–> May 21, 2026 –><!–> [–> Map from Norwegian Offshore Directorate <!–> ]–> <!–> March 16, 2026 ]–> <!–> Under the agreement, Equinor will transfer 32.5% interest in Peon and operatorship to Vår Energi. In return, Equinor receives interests in producing assets and development licenses, including a 5% interest in Fram field

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Rhino Resources extends discovery offshore Namibia

Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia. The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, 2026, with the Saipem 12000 drillship, in 1,285 m of water. It reached 4,818 m MD on June 11, 2026.  The well intersected a gross reservoir interval of 46 m. A representative core of the main reservoir section was acquired, and a full suite of wireline logging and formation evaluation data was collected. Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure communication with the reservoir fairway discovered by the Capricornus-1X well. The results provide further evidence of reservoir continuity across the Capricornus accumulation and represent an important data point in the ongoing appraisal of the discovery, the company said. The core, pressure, and wireline datasets acquired from Capricornus-1A will be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities. Rhino is operator of the license joint venture with 42.5% interest. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%). bp plc and Eni SPA each hold a 50% interest in Azule Energy, which entered the block in 2024.

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Cloud sovereignty: First four providers sign up to CISPE certification program

“Public bodies, hospitals and industrial operators are today seeking concrete guarantees of digital sovereignty. The CISPE Sovereignty Badge provides that guarantee. It is a natural complement to European standards such as Gaia-X Level 3, strengthening transparency, compliance and digital trust. It is this ability to provide concrete proof, beyond rhetoric, that underpins genuine European digital autonomy.” said Antoine Fournier, CEO of Thésée Datacenter The EU is keen to guard against ‘sovereignty washing’ — claims by foreign-owned cloud providers that they meet local control criteria. Last month, CISPE warned about Broadcom’s claim it complied with EU conditions. It probably won’t be the last to make such claims.

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What Meta, Oracle moves say about data center economics

Meta, meanwhile, is continuing its spending spree on AI infrastructure, anonymous sources told Bloomberg. The company is purportedly developing plans for new cloud infrastructure business lines that would sell access to AI computing power and models, putting it in competition with other data center giants. One potential scenario would have Meta selling access to models, including its new Muse Spark, hosted on its own AI infrastructure, as well as running the underlying data centers. This model is similar to AWS’ Bedrock offering. Another possibility is Meta selling access to “raw” computing capacity, as do neocloud businesses such as CoreWeave. This move is part of the company’s internal Meta Compute initiative, the sources said. Like Oracle, Meta has been investing hundreds of billions of dollars in data centers and expensive AI chips. And, according to its latest 10-K: “We plan to continue to significantly expand the size of our infrastructure primarily through data centers, subsea and terrestrial fiber optic cable systems, and other projects.”

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Executive Roundtable: The Rise of Integrated Infrastructure

Steve Altizer, Compu Dynamics: Integration has to be foundational. It has to start at the first planning conversation, not after the equipment is selected or once the building is already designed. In previous generations of data center development, mechanical, electrical, IT, and operations teams could often work in parallel and bring the pieces together later. That worked when the load profile was more predictable and the facility had more room to absorb change. Before the introduction of ChatGPT, there was very little change to absorb. AI removes that tolerance. A change in rack density can affect electrical distribution, structural requirements, thermal strategy, commissioning, service access, and the way the site is operated. These are no longer independent decisions. They are all part of one performance system. As AI systems move toward POD-scale platforms, the boundary between IT and facility infrastructure becomes much harder to separate. The challenge is that AI workloads are too varied for a one-size-fits-all approach. Training clusters, inference nodes, enterprise AI environments, and edge sites can all have different requirements for density, cooling architecture, network connectivity, security, site conditions, and serviceability. That is why many companies are adopting a modular approach, while others are embracing hybrid models where turnkey modular AI capacity is integrated into larger campus environments.  At the campus level, that means standardizing the backbone infrastructure that serves the site (utility power feeds, central cooling capacity, and network pathways), while allowing the IT environment and the integrated critical infrastructure components to evolve as workload requirements change. The goal is not modularity for its own sake. The goal is to support the next generation of AI deployments without forcing every hardware change to become a major redesign. AI infrastructure cannot be planned as a collection of disparate systems. It has to be designed as one coordinated

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Data Center Insights 2026 Brings Industry Leaders Together for a Two-Day Look at the AI Infrastructure Era

The data center industry has never been more visible, more vital, or more challenged. Support for AI and its overall industry impact has pushed digital infrastructure into the public conversation. It has become clear that the sector is confronting unprecedented demands for everything from power to basic infrastructure. That convergence is the focus of Data Center Insights 2026, a two-day virtual event taking place July 15–16, 2026, produced by Endeavor B2B’s Data Center Frontier, Cabling Installation & Maintenance, ISE, Lightwave, and SecurityInfoWatch. Designed for data center owners, operators, engineers, IT leaders, and the people supporting the next generation of data center development, the event offers a concentrated look at the technologies and strategies shaping the future of digital infrastructure. The program arrives at a crucial moment. AI workloads are changing almost every assumption behind data center design. Rack densities are rising, liquid cooling is becoming mainstream, and fiber networks are being rethought for 400G and beyond. Power constraints are now central to site selection. Security is becoming highlighted and operators are being asked to build faster, scale larger, be more resource efficient and maintain resilience in an environment where downtime carries higher consequences than ever. Data Center Insights 2026 is structured to help attendees make sense of this moment. Rather than treating data center infrastructure as a set of separate disciplines, the event brings together experts across cooling, cabling, fiber, power distribution, modular design, AI infrastructure, and operational strategy. The result is a practical, cross-functional program built around the real-world questions now facing the industry. What will I learn at this event? The event opens with “Expert Roundup: The State of the Data Center Industry,” featuring perspectives from Steven Carlini of Schneider Electric.This session sets the stage by examining the forces driving change across the data center landscape in 2026.

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Executive Roundtable: Scaling Beyond the Prototype Phase

Steve Altizer, Compu Dynamics: The defining challenge is keeping pace with the rate of change in the IT environment. It takes time to design, permit, build, and commission a data center. AI hardware operates on a completely different timeline. New GPU families are being introduced every 12 to 18 months, and from one generation to the next, rack power densities can double or even triple. At prototype scale, you can design around a single cluster or a specific density profile. At production scale, that approach becomes a real liability. The facility has to support today’s deployment while remaining adaptable for the next compute profile. We are not just talking about adding more power. We are preparing for major architectural shifts, including the move toward DC power delivery or cooling systems that may rely on two-phase liquid to remove heat at scale. That is what becomes materially harder. You are no longer solving for a single, static deployment. You are solving for a moving target inside a live operating environment. This is where strategic modularity proves its value. It helps decouple the lifecycle of the building from the lifecycle of the IT hardware. Instead of treating the data center as one monolithic design, modularity creates a more agile framework that can absorb new power and cooling architectures without requiring a full facility retrofit every time the IT roadmap shifts. At Compu Dynamics Modular, we are seeing this play out in real time. The value of a turnkey modular approach is not simply speed. It is the agility owners need to keep pace with ever-evolving rack densities, power delivery requirements, and cooling architectures.

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Q2 Executive Roundtable Recap

Matt Vincent is Editor in Chief of Data Center Frontier, where he leads editorial strategy and coverage focused on the infrastructure powering cloud computing, artificial intelligence, and the digital economy. A veteran B2B technology journalist with more than two decades of experience, Vincent specializes in the intersection of data centers, power, cooling, and emerging AI-era infrastructure. Since assuming the EIC role in 2023, he has helped guide Data Center Frontier’s coverage of the industry’s transition into the gigawatt-scale AI era, with a focus on hyperscale development, behind-the-meter power strategies, liquid cooling architectures, and the evolving energy demands of high-density compute, while working closely with the Digital Infrastructure Group at Endeavor Business Media to expand the brand’s analytical and multimedia footprint. Vincent also hosts The Data Center Frontier Show podcast, where he interviews industry leaders across hyperscale, colocation, utilities, and the data center supply chain to examine the technologies and business models reshaping digital infrastructure. Since its inception he serves as Head of Content for the Data Center Frontier Trends Summit. Before becoming Editor in Chief, he served in multiple senior editorial roles across Endeavor Business Media’s digital infrastructure portfolio, with coverage spanning data centers and hyperscale infrastructure, structured cabling and networking, telecom and datacom, IP physical security, and wireless and Pro AV markets. He began his career in 2005 within PennWell’s Advanced Technology Division and later held senior editorial positions supporting brands such as Cabling Installation & Maintenance, Lightwave Online, Broadband Technology Report, and Smart Buildings Technology. Vincent is a frequent moderator, interviewer, and keynote speaker at industry events including the HPC Forum, where he delivers forward-looking analysis on how AI and high-performance computing are reshaping digital infrastructure. He graduated with honors from Indiana University Bloomington with a B.A. in English Literature and Creative Writing and lives in southern New Hampshire with

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Microsoft will invest $80B in AI data centers in fiscal 2025

And Microsoft isn’t the only one that is ramping up its investments into AI-enabled data centers. Rival cloud service providers are all investing in either upgrading or opening new data centers to capture a larger chunk of business from developers and users of large language models (LLMs).  In a report published in October 2024, Bloomberg Intelligence estimated that demand for generative AI would push Microsoft, AWS, Google, Oracle, Meta, and Apple would between them devote $200 billion to capex in 2025, up from $110 billion in 2023. Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025. Both figures, though, are way higher than Microsoft’s 2020 capital expenditure of “just” $17.6 billion. The majority of the increased spending is tied to cloud services and the expansion of AI infrastructure needed to provide compute capacity for OpenAI workloads. Separately, last October Amazon CEO Andy Jassy said his company planned total capex spend of $75 billion in 2024 and even more in 2025, with much of it going to AWS, its cloud computing division.

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John Deere unveils more autonomous farm machines to address skill labor shortage

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Self-driving tractors might be the path to self-driving cars. John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping. The Moline, Illinois-based John Deere has been in business for 187 years, yet it’s been a regular as a non-tech company showing off technology at the big tech trade show in Las Vegas and is back at CES 2025 with more autonomous tractors and other vehicles. This is not something we usually cover, but John Deere has a lot of data that is interesting in the big picture of tech. The message from the company is that there aren’t enough skilled farm laborers to do the work that its customers need. It’s been a challenge for most of the last two decades, said Jahmy Hindman, CTO at John Deere, in a briefing. Much of the tech will come this fall and after that. He noted that the average farmer in the U.S. is over 58 and works 12 to 18 hours a day to grow food for us. And he said the American Farm Bureau Federation estimates there are roughly 2.4 million farm jobs that need to be filled annually; and the agricultural work force continues to shrink. (This is my hint to the anti-immigration crowd). John Deere’s autonomous 9RX Tractor. Farmers can oversee it using an app. While each of these industries experiences their own set of challenges, a commonality across all is skilled labor availability. In construction, about 80% percent of contractors struggle to find skilled labor. And in commercial landscaping, 86% of landscaping business owners can’t find labor to fill open positions, he said. “They have to figure out how to do

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2025 playbook for enterprise AI success, from agents to evals

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More 2025 is poised to be a pivotal year for enterprise AI. The past year has seen rapid innovation, and this year will see the same. This has made it more critical than ever to revisit your AI strategy to stay competitive and create value for your customers. From scaling AI agents to optimizing costs, here are the five critical areas enterprises should prioritize for their AI strategy this year. 1. Agents: the next generation of automation AI agents are no longer theoretical. In 2025, they’re indispensable tools for enterprises looking to streamline operations and enhance customer interactions. Unlike traditional software, agents powered by large language models (LLMs) can make nuanced decisions, navigate complex multi-step tasks, and integrate seamlessly with tools and APIs. At the start of 2024, agents were not ready for prime time, making frustrating mistakes like hallucinating URLs. They started getting better as frontier large language models themselves improved. “Let me put it this way,” said Sam Witteveen, cofounder of Red Dragon, a company that develops agents for companies, and that recently reviewed the 48 agents it built last year. “Interestingly, the ones that we built at the start of the year, a lot of those worked way better at the end of the year just because the models got better.” Witteveen shared this in the video podcast we filmed to discuss these five big trends in detail. Models are getting better and hallucinating less, and they’re also being trained to do agentic tasks. Another feature that the model providers are researching is a way to use the LLM as a judge, and as models get cheaper (something we’ll cover below), companies can use three or more models to

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OpenAI’s red teaming innovations define new essentials for security leaders in the AI era

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI has taken a more aggressive approach to red teaming than its AI competitors, demonstrating its security teams’ advanced capabilities in two areas: multi-step reinforcement and external red teaming. OpenAI recently released two papers that set a new competitive standard for improving the quality, reliability and safety of AI models in these two techniques and more. The first paper, “OpenAI’s Approach to External Red Teaming for AI Models and Systems,” reports that specialized teams outside the company have proven effective in uncovering vulnerabilities that might otherwise have made it into a released model because in-house testing techniques may have missed them. In the second paper, “Diverse and Effective Red Teaming with Auto-Generated Rewards and Multi-Step Reinforcement Learning,” OpenAI introduces an automated framework that relies on iterative reinforcement learning to generate a broad spectrum of novel, wide-ranging attacks. Going all-in on red teaming pays practical, competitive dividends It’s encouraging to see competitive intensity in red teaming growing among AI companies. When Anthropic released its AI red team guidelines in June of last year, it joined AI providers including Google, Microsoft, Nvidia, OpenAI, and even the U.S.’s National Institute of Standards and Technology (NIST), which all had released red teaming frameworks. Investing heavily in red teaming yields tangible benefits for security leaders in any organization. OpenAI’s paper on external red teaming provides a detailed analysis of how the company strives to create specialized external teams that include cybersecurity and subject matter experts. The goal is to see if knowledgeable external teams can defeat models’ security perimeters and find gaps in their security, biases and controls that prompt-based testing couldn’t find. What makes OpenAI’s recent papers noteworthy is how well they define using human-in-the-middle

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