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THE DAILY INDEX

Technology, AI, software, security, crypto and business

PROGRAMMING, DESIGN & DATA SCIENCE

TLDR

DOUBLE-ENTRY LEDGERS: THE MISSING PRIMITIVE IN MODERN SOFTWARE

Double-entry ledger modeling is a better fit for a lot of systems compared to the ad-hoc ledger-ish things they currently use. A double-entry ledger records the current amount or balance of a thing, a historical record of how the amount got to that amount, and where that amount came from at each step. Apps with ledger models built-in can have many things built on top of them without a lot of extra work or complexity. While there is an initial cost to introducing a ledger, that value is recouped over time.

SAM ALTMAN SAYS META TRIED AND FAILED TO POACH OPENAI'S TALENT WITH $100M OFFERS

Meta seems to be on a hiring spree lately to staff up its new superintelligence team. It has reportedly offered employees from OpenAI and Google DeepMind compensation packages worth upwards of $100 million. OpenAI CEO Sam Altman says that those efforts have largely been unsuccessful. Altman believes that Meta's focus on high compensation rather than a mission of delivering AGI would likely not create a great culture.

AMAZON CEO SAYS AI AGENTS WILL SOON REDUCE COMPANY'S CORPORATE WORKFORCE

Amazon's CEO Andy Jassy issued a memo to employees on Tuesday saying that he expects the company to reduce its corporate workforce in the next few years as it leans more heavily on generative AI tools to help fulfill workplace duties. Generative AI and agents are expected to change the way the company does its work. Amazon will need fewer people doing the same jobs done today, and more people doing other types of jobs. The hard pivot into AI has received negative feedback from some white-collar employees at the company.

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