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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

OPENAI, BROADCOM FORGE MULTIBILLION-DOLLAR CHIP-DEVELOPMENT DEAL

OpenAI and Broadcom will develop and deploy 10 gigawatts of custom AI chips and computing systems over the next four years. The new agreement, worth multiple billions of dollars, brings the total scale of computing capacity OpenAI has agreed to buy to 26 gigawatts. OpenAI plans to deploy custom GPUs starting in the second half of next year. It is aiming to build 250 gigawatts of new computing capacity by 2033.

FROM MILLIONS TO BILLIONS

Geocodio needed to scale its request logging from millions to billions of requests monthly for billing and customer support, but its deprecated MariaDB setup with TokuDB was struggling. Its initial attempt to replace MariaDB with ClickHouse directly resulted in "TOO_MANY_PARTS" errors due to small, frequent inserts, and a subsequent attempt using ClickHouse buffer tables led to "TOO_MANY_LINKS" errors. The solution involved introducing Kafka for durable storage and high throughput and Vector to efficiently batch and load data from Kafka into ClickHouse.

CENTRALIZED EXCHANGES FACE CLAIMS OF LIQUIDATION UNDERCOUNTS

Hyperliquid CEO Jeff Yan and crypto data platform CoinGlass alleged that centralized exchanges like Binance significantly undercount liquidations due to their reporting methodology, which only captures one liquidation per second in order snapshot streams despite processing over 100 liquidations per pair per second during mass events. The claims emerged after Friday's market crash produced the largest liquidation event in crypto history at $16.7 billion in long liquidations, though Yan suggested actual figures could be 100x higher. Binance faced multiple technical issues during the crash, including module lags, depegging events requiring over $280 million in user compensation, and display anomalies showing $0 prices for some trading pairs, while the platform's CEO acknowledged "brief lags" in some functional modules. In contrast, DeFi platforms demonstrated greater resilience, with Hyperliquid reporting zero downtime and Ethena's USDe stablecoin maintaining its peg on Curve while depegging severely to under $0.70 on Binance.

GOOGLE UNVEILS SUBSTANTIAL UPDATES TO ITS STITCH AI DESIGN TOOL FOR UI/UX DESIGNERS

Google has introduced major updates to its Stitch AI design tool, including an "Annotate" feature that lets users add visual notes processed by Gemini AI for context-aware changes, a "Theme" feature for managing design systems, and "Interactive" capabilities for prototyping user flows. The updates enable direct exports to Firebase Studio, aiming to streamline workflows for UI/UX designers and product teams working on rapid prototyping. These enhancements position Stitch as a potential competitor to established platforms like Figma, particularly for teams already using Google's ecosystem.

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