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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

A FRUSTRATED ZUCKERBERG MAKES HIS BIGGEST AI BET AS META NEARS $14 BILLION STAKE IN SCALE AI, HIRES FOUNDER WANG

Meta is finalizing a deal to invest $14 billion into Scale AI, a company that helps AI startups prepare data to train cutting-edge AI models. Meta is one of Scale AI's biggest customers. The social media giant appears to be taking a similar strategy as other tech companies like Google and Microsoft which are taking large stakes in prominent leaders in AI rather than buying them outright - Meta is currently on trial for antitrust claims and it doesn't want to further upset regulators by acquiring Scale AI. It will take a 49% stake in Scale AI, and Scale AI's CEO will help lead a new AI research lab within Meta.

SOCIETE GÉNERALE BECOMES FIRST MAJOR BANK TO LAUNCH STABLECOIN

Societe Générale is the first major bank to launch a dollar-backed stablecoin on Ethereum and Solana, with public trading set to begin in July. These tokens are classified as e-money under the EU's MiCA framework, offering regulated dollar liquidity to corporates, financial institutions, and crypto exchanges. Reserves will be custodied by BNY Mellon, initially held in cash and later invested in yield-bearing assets, enabling use cases from trading and cross-border payments to collateral management. The coin will be called “USD CoinVertible.”

OPENAI RELEASES O3-PRO, A SOUPED-UP VERSION OF ITS O3 AI REASONING MODEL

OpenAI has launched o3-pro, an advanced reasoning model, to ChatGPT Pro and Team users, as well as on OpenAI's developer API. Enterprise and Edu users will get access to the model next week. o3-pro is priced at $20 per million input tokens and $80 per million output tokens on the API. The model has access to tools and can search the web, analyze files, reason about visual inputs, use Python, personalize its responses using memory, and more. It can not generate images or use Canvas and its responses typically take longer than o1-pro to complete.

IBM NOW DESCRIBING ITS FIRST ERROR-RESISTANT QUANTUM COMPUTE SYSTEM

IBM has released plans for a quantum compute system that can perform 100 million operations without errors on a collection of 200 logical qubits. The hardware, which will be called Starling, will be available for use in 2029. While the system will be able to handle some problems, it will not be enough to perform the complex algorithms needed to do things like break encryptions - that would require waiting for IBM's Blue Jay, a system with 2,000 logical qubits the company expects to build by 2033.

SNAP TO LAUNCH SMALLER, LIGHTER AUGMENTED REALITY SPECS SMARTGLASSES IN 2026

Snap plans to release a sixth generation of its augmented reality glasses in 2026. The next-generation glasses will be called Specs and use AR technology to let people see and interact with digital imagery overlaid over the physical world. It will run on Snap OS. Developers will be able to incorporate Google's Gemini AI models and OpenAI's GPT family of AI models into programs they develop for the smart glasses. The most recent version of Snap's augmented reality glass was released in September 2024 to developers who had to pay $99 a month for a full year under a leasing model.

ANDROID 16 IS HERE

Android 16 is now available on most supported Pixel devices. This release will be the only release in 2025 to include planned app-impacting behavior changes. There is another planned release for Q4 that will include new developer APIs, feature updates, optimizations, and bug fixes. The Android team plans to release updates quarterly. This post details some of the changes in Android 16, including changes to improve the consistency and visual appearance of apps, Android apps that adapt to any screen and window size, consistent progress notifications, and custom AGSL graphical effects.

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