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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

GOOGLE CEO SAYS MORE JOB CUTS ARE NEEDED IN 2024 IN ORDER TO REACH ‘AMBITIOUS GOALS’

Google CEO Sundar Pichai has warned employees that more job cuts are coming this year. The company leadership is preparing its AI goals for the year and will publish its 2024 objectives and key results this week. Pichai says that the layoffs won't be at the scale of last year's reductions and will not touch every team. Alphabet shares jumped 55% last year and its revenue in the third quarter returned to double-digit growth alongside a rebound in the digital ad market.

COINBASE AND THE SEC ARGUE CRYPTO'S KEY LEGAL QUESTION IN COURT

Coinbase is currently in its long-awaited court showdown with the SEC over whether most crypto assets should be considered securities in the US. The SEC has been arguing that people buy these assets expecting prices to go up based on the success of the creators, which could classify the assets as securities. However, Coinbase is arguing that buyers do not have the right to take action against issuers if the digital assets perform poorly, so there's no investment contract. They are also arguing that the SEC’s stance is overly broad and would even include assets like baseball cards and other collectibles.

EVERYTHING SAMSUNG ANNOUNCED AT ITS GALAXY S24 EVENT TODAY

Samsung just held its Galaxy Unpacked event, announcing three new smartphones to start the new year. It also introduced an artificial intelligence platform. The Galaxy S24 Ultra has a 6.8-inch QHD+ Dynamic AMOLED 2X display with a 1-120Hz refresh rate. The Samsung Galaxy S24 boasts a 6.2-inch FHD+ Dynamic AMOLED 2X display that supports a 1-120Hz refresh rate, and the Galaxy S24 Plus features a 6.7-inch QHD+ display. All phones come with Samsung's new Vision booster, which enhances outdoor visibility with its 2,600-nit peak brightness. Galaxy AI includes five key features: Live Translate, Interpreter, Chat Assist, Note Assist, and Transcript Assist.

MEET HELIOS, A NEW CLASS OF SPACE TUG WITH SOME REAL MUSCLE

Space tugs are miniature spacecraft that ferry small satellites to designated orbits. They are particularly useful for satellites that launch as part of a rideshare mission that seek to reach a different altitude or inclination than that of the primary payload. Impulse Space has built an in-space tug that can haul bigger satellites to more distant orbits. Helios is sized to fit within a Falcon 9 fairing and designed to fly on any medium- or heavy-lift vehicle to boost its capability. It will allow satellites to reach geostationary orbit within a day at a much lower cost than current alternatives.

ALPHAGEOMETRY: AN OLYMPIAD-LEVEL AI SYSTEM FOR GEOMETRY

AlphaGeometry is an AI system that solves complex geometry problems at a level approaching a human Olympiad gold medalist. It can solve 25 out of 30 Olympiad geometry problems within the standard Olympiad time limit - the average human gold medalist solves 25.9 problems in the same time. AlphaGeometry uses a neural language model with a rule-bound deduction engine to find solutions. Its output is both verifiable and clean and it uses classical geometry rules with angles and similar triangles just as students do.

BEWARE OF MISLEADING GPU VS CPU BENCHMARKS

Nvidia's RAPIDS project claims that cuDF, a GPU-based Pandas replacement, is up to 80 times faster than Pandas. While these speed-ups are impressive, they're also misleading. The benchmarks compare against Pandas running on a single CPU core - while the Pandas library is single-threaded, fixing this doesn't require using a GPU. It also ignores costs - switching to a GPU may make things faster, but they are significantly more expensive. GPUs may still be an appropriate solution for some tasks, but it will require careful experimentation to determine if they are right for the use case and budget.

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