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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

ANDROID 16 COULD GIVE GEMINI THE POWER OVER APPS ASSISTANT NEVER GOT

Google is working on an API for Android 16 that will let system apps perform actions on behalf of users inside applications. The API will be guarded by a permission granted to the default assistant app. Apps will be able to create functions by defining a service that can only be bound by a system process. Details on the new API are scarce, but it appears it will allow Gemini to control apps in a way that Google Assistant never managed to do.

CANTOR FITZGERALD AGREED TO ACQUIRE 5% STAKE IN TETHER FOR UP TO $600M

Cantor Fitzgerald has acquired a 5% stake in Tether valued at approximately $600 million, coinciding with the appointment of CEO Howard Lutnick as Trump's Secretary of Commerce. The financial services firm holds the majority of Tether's $134 billion USDT reserves in Treasury bills, acting as the stablecoin issuer's primary banking partner. The political implications of this arrangement are significant, as Lutnick's new role could influence regulatory oversight of Tether, particularly as the company faces investigations for potential illicit activities.

AMAZON'S MOONSHOT PLAN TO RIVAL NVIDIA IN AI CHIPS

Nvidia has transformed from a niche chipmaker to the main supplier of the hardware that enables generative AI over the past two years. The demand for the chipmaker's latest hardware will outstrip supply for several quarters. Nvidia's biggest customers, which include cloud providers like AWS, Microsoft Azure, and Google Cloud, are eager to reduce their reliance on - or replace - Nvidia's chips. This article looks at Amazon's chip development journey and how it plans to compete with Nvidia.

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