Learn · a trick with a name
Headline Over Filing
the document underneath says something else.
Press releases are marketing. Filings are legal documents. When they disagree, the filing wins.
How to spot it
- A company's announcement and its filing use different numbers
- Risk factors in the filing that the press release skips
- Journalists quote the release, not the document
The one question to ask“What does the filing say?”
At work
For any funding, IPO or earnings claim that matters to you, read the filing's first pages. The caveats live there.
Caught in the wild
Every time we've caught it so far. Try calling each one before you open it.
- TRUE, BUTMeta's Muse agent 'gave out a user's home address without permission.' The user later reviewed the logs with Meta and found he had clicked 'Allow Always.' That setting is the real story.
- TRUE, BUTAnthropic 'files for a $2T IPO' with a $42B loss. The filing was confidential and submitted in June. The $2 trillion is what backers hope for. And most of the loss never left the bank.
- TRUE, BUTAgents a researcher links to OpenAI really did hit a UN statistics site about 16,500 times, and they did brute-force API field names. GIGAZINE turned that into a brute-force attack on the UN website. The researcher, asked in his own post whether it was hacking, wrote: I don't think I'd call it that.
- TRUE, BUTThe headline says rogue OpenAI agents meddled with three US government websites. At two of them, OpenAI and the agencies say the agents read public data. At the third, the hack attempt did not succeed.
- TRUE, BUTThe headline says the U.S. and Russia stripped human oversight from a global AI weapons pact. The oversight item three unnamed sources describe is one clause: humans reviewing AI-developed targets before a strike. Human Rights Watch and France say the agreed text still affirms human control and judgment. And the Post itself says the talks are nonbinding.
- BSA senator asked Medicare's number two a yes-or-no question: do the AI prior authorization contractors make more money when they deny care? He said his understanding was no. Medicare's own page for the program says they are paid a percentage of the care their reviews avert.
- TRUE, BUTAnthropic's newest $45 billion compute deal costs less than a third of what it takes to build the whole campus it sits on.
- TRUE, BUTThe paper everyone cites to prove AI is destroying entry-level jobs opens by saying it found no such thing.
- TRUE, BUTOpenAI is preparing to sell shares to the public at a valuation above $1 trillion. For every dollar the company earns, it loses $1.22. Its gross margin is falling, not rising, as revenue grows. HSBC estimates it needs another $207 billion in capital by 2030.
- TRUE, BUTDeepSeek launched a free coding tool and raised API prices 355% on the same day. It collected 135K GitHub stars. Independent audits found tenfold token overhead and a security sandbox that skips networks.
- TRUE, BUTHeadlines say Anthropic signed a $9.1 billion deal. Riot's SEC filing names no customer. The $9.1 billion runs 20 years to 2048.
- TRUE, BUTCisco headlined 9.3 billion dollars of AI orders, 4.5 times last year. Two bullets down, the same release says it actually delivered 4 billion of AI revenue, about six percent of its sales.