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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MISCELLANEOUS

TLDR

GENERATIVE AI'S ACT O1

Research in AI is progressing from 'thinking fast' to 'thinking slow', unlocking a new cohort of agentic applications. The focus is now shifting to the development and scaling of the reasoning layer, which could endow AI systems with deliberate reasoning, problem-solving, and cognitive operations at inference time that go beyond rapid pattern matching. This essay explores how the consolidation of the foundational LLM layer has set the stage for the race to scale higher-order reasoning and agentic capabilities, and discusses a new generation of killer apps with novel cognitive architectures and user interfaces.

THE FBI SECRETLY CREATED A COIN TO INVESTIGATE CRYPTO PUMP-AND-DUMP SCHEMES

The FBI created an Ethereum-based token called NexFundAI as part of an investigation into price manipulation in crypto markets. The investigation resulted in the SEC charging three market makers and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets and the DOJ charging 18 people and entities for widespread fraud and manipulation in crypto markets. The DOJ reportedly secured $25 million from fraudulent proceeds that will be returned to investors.

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