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Daily Edition · Page 2

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR

TLDR

PERPLEXITY LAUNCHES SONAR, AN API FOR AI SEARCH

Perplexity's Sonar API allows developers to build generative AI search tools into their applications. There is a base version that is cheaper and faster and a pricier version that's better for tough questions. Developers will be able to customize the sources that the AI search engine pulls from. Perplexity claims to be offering the cheapest AI search API on the market. Its models reportedly outperform leading models on a benchmark that measures factual correctness.

links.tldrnewsletter.com · 3 min

TLDR

INSTAGRAM IS REPORTEDLY TRYING TO ATTRACT TIKTOK CREATORS WITH LARGE BONUSES

Instagram is offering creators $10,000 to $50,000 a month to exclusively post Reels. Meta has also launched the Breakthrough Bonus program, which lets TikTok creators earn up to $5,000 over three months for posting Reels to Facebook and Instagram. The company has extended the maximum length of Reels to three minutes. It is working on a new video editing and creation app designed to compete directly with ByteDance's CapCut.

theverge.com · 3 min

TLDR

STRIPE CUTS 300 JOBS IN PRODUCT, ENGINEERING, AND OPERATIONS

Stripe has cut about 3.5% of its workforce, mostly in product, engineering, and operations. Despite this, the company plans to continue hiring and increase its headcount by 17% by the end of the year. The payments company is currently valued at about $70 billion in private markets. Stripe's founders have intentionally steered clear of public markets and have given no indication of whether an offering is on the near-term horizon. Total payment volume at the company passed $1 trillion in 2023.

cnbc.com · 3 min

TLDR IndexPage 2