Daily Edition · Page 3

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR AI

BUILD VS BUY IN THE AGE OF AI

There are two ways to solve a problem: build a solution, or buy a solution. Thanks to generative AI, it's now much easier to build. However, that doesn't mean that everyone will build and no one will buy. Business software often contains thousands of complex business rules with millions of lines of business logic that capture constraints and processes around policy, compliance, security, legal, finance, pricing, and more. Many of these rules take considerable time and effort to discern and codify. The vast majority of people, technical or not, who wish to create apps have little to no idea about these business rules.

OPENAI WARNS AGAINST SPVS AND OTHER ‘UNAUTHORIZED' INVESTMENTS

OpenAI has warned investors against unauthorized opportunities to gain exposure to OpenAI, including special purpose vehicles (SPVs). While not every offer of OpenAI equity is problematic, some firms are attempting to circumvent the startup's transfer restrictions. These sales will not be recognized and will carry no economic value to buyers. Anthropic has also told investors to avoid using SPVs to invest in an upcoming round.

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