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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

‘AIRPODS LITE’ TO DEBUT LATER THIS YEAR, NEW REPORT SAYS

Apple is expected to release multiple new models of its AirPods this year. A report says that a new lower-cost AirPods Lite, priced at $99, will be released sometime during the second half of 2024. There is little information about what to expect from the lower-cost earbuds. New AirPods Max are also coming later this year. The AirPods 4 will feature a new design and a USB-C charging case. The higher-end variant will feature noise cancellation.

HOW LEVELS.FYI BUILT SCALABLE SEARCH WITH POSTGRESQL

Levels.fyi developed a scalable fuzzy search solution using PostgreSQL to help users quickly find relevant salary information. Its team's initial approach used simple LIKE queries, but evolved to use materialized views for optimization and full-text search with tsvector for improved results. To further improve search accuracy, they implemented a custom relevance algorithm that used factors like exact matches, popularity, and similarity.

DEEP DIVE INTO BINANCE’S RECENT STRUGGLES

Binance is struggling with regulatory issues as multiple countries, including France, the Netherlands, Belgium, and Nigeria, have taken legal action against the exchange for operating without proper authorization. The Nigerian complaint, centered on allegations of money laundering and financial instability, escalated with the detention and escape of a Binance executive. This regulatory scrutiny highlights a pattern of Binance prioritizing expansion over adherence to security and compliance standards, which could lead to increased legal challenges and a push for tighter regulations on crypto exchanges.

GOOGLE AGREES TO DESTROY BROWSING DATA COLLECTED IN INCOGNITO MODE

Google has agreed to destroy or de-identify billions of web browsing data records collected from Incognito mode users as part of a proposed class action settlement. The settlement also mandates greater disclosure from the company about how it collects information in Incognito mode and puts limits on future data collection. The proposed settlement has been valued at around $5 billion, with plaintiffs receiving zero in damages unless they individually file claims.

TERRAFORM INDUSTRIES CONVERTS ELECTRICITY AND AIR INTO SYNTHETIC NATURAL GAS FOR THE FIRST TIME

Terraform Industries' Terraformer is a machine that uses electricity and air to create hydrocarbons. It consists of an electrolyzer, a direct air capture system, and a chemical reactor. Roughly the size of two shipping containers, the machine produces pipeline-grade synthetic natural gas using energy from a one-megawatt solar array. The system converts clean energy into hydrogen at less than $2.50 a kilogram of H2 and the direct air capture system filters CO2 for less than $250 per ton, a world record.

SMALL DATA, BIG COMPUTE

The typical business analyst query significantly underutilizes compute. Large language models use a lot more compute and may bring on another expansionary era of bloat. Most companies will not have the budget to operate large language models on big data - most business use cases will inevitably operate on less than a million rows of data. The shift to small data will mean that data egress will no longer be a moat and open up an opportunity for new GPU cloud competitors to emerge.

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