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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

STRIPE ACQUIRES STABLECOIN PLATFORM BRIDGE FOR $1.1 BILLION IN CRYPTO'S LARGEST ACQUISITION

Payments company Stripe has acquired stablecoin platform Bridge for $1.1 billion in the largest acquisition in the crypto industry to date. Bridge was previously valued at $200 million. Stripe recently reinstated crypto payments for US businesses via USDC on Ethereum, Solana, and Polygon. It also inked a partnership with Coinbase that required Stripe to incorporate Coinbase's Base Layer 2 network into its crypto payment products and Coinbase to add Stripe as a way for its customers to buy crypto within its Coinbase Wallet.

UNLOCKING THE POWER OF JSON PATCH

JSON Patch is a standardized format for describing modifications to JSON documents that offers a simple and efficient method for applying partial updates (especially over HTTP). It works by applying a sequence of atomic operations, each specifying a type of change and a path within the JSON document. This allows for precise modifications, efficiency through transmitting only changes, atomicity for rollback, and idempotency for safe retries.

OPENAI, MICROSOFT REPORTEDLY HIRE BANKS TO RENEGOTIATE PARTNERSHIP TERMS

OpenAI and Microsoft have both hired investment banks to help revise the terms of their partnership as OpenAI plans to restructure to reincorporate its for-profit arm as a benefit corporation and remove caps that previously limited investors' returns. The negotiations are said to focus on how big of a stake Microsoft will receive in OpenAI following the restructuring. Microsoft has invested over $13 billion into OpenAI since 2019. The current terms of the partnership say that Microsoft will receive most of OpenAI's initial profits until it recoups its investment. OpenAI doesn't expect to become profitable until 2029.

IT'S TIME TO BUILD THE EXOPLANET TELESCOPE

Starship is designed to launch at least 150 metric tons to low Earth orbit at an exceptionally low cost with a launch cadence high enough to ultimately deliver over one million metric tons per year. This will transform human logistical capacity in space and allow for greatly reduced space development costs. It would enable humanity to develop a self-assembling and ever-growing telescope in space. This telescope would be able to resolve features on the surface of exoplanets and reveal continents, mountain ranges, river systems, seasonal variations in plants and animals, and more.

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