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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

OPENAI COMPLETES FOR-PROFIT TRANSITION, PUSHING MICROSOFT ABOVE $4 TRILLION VALUATION

OpenAI has successfully converted to a more traditional corporate structure. It has turned its for-profit subsidiary into a public-benefit corporation. The new structure will make it easier for the company to raise money and attract talent, and could clear the path for an initial public offering. OpenAI continues to face litigation over its corporate status. Microsoft owns a 27% stake in the new public-benefit corporation.

OPENAI COMPLETES RESTRUCTURE, SOLIDIFYING MICROSOFT AS A MAJOR SHAREHOLDER

OpenAI has restructured into a non-profit with a controlling stake in its for-profit business. The nonprofit is called the OpenAI Foundation. It holds a 26% stake in the for-profit arm. The for-profit arm is now a public benefit corporation called OpenAI Group PBC. Microsoft holds an investment in the PBC that is roughly 27% of the company. Microsoft can now pursue AGI independently or in collaboration with third parties, and OpenAI can now jointly develop some products with third parties.

'CHATGPT TAINTED MEMORIES' EXPLOIT ENABLES COMMAND INJECTION IN ATLAS BROWSER

LayerX Security uncovered a flaw in OpenAI's ChatGPT Atlas browser that allows attackers to inject malicious commands, leading to remote code execution and persistent access. The exploit manipulates the browser's AI functions to process hidden malicious instructions, as Atlas provides 90% less phishing protection than Chrome or Edge. Security teams should restrict Atlas for sensitive accounts, monitor endpoints, and await OpenAI patches, treating AI browsers as higher risk with heightened security.

SECURITIZE TO GO PUBLIC VIA $1.25B SPAC DEAL WITH CANTOR FITZGERALD

Securitize, a leader in real-world asset tokenization, will go public through a $1.25 billion SPAC merger with a Cantor Fitzgerald–sponsored company, listing on Nasdaq under the ticker SECZ. The firm will also tokenize its own shares, advancing its mission to bring capital markets onchain. Founded in 2017, Securitize has become the go-to tokenization partner for traditional institutions like Apollo, VanEck, and BlackRock.

TESLA EYES INTERNAL CEO CANDIDATES IF MUSK LEAVES OVER $1 TRILLION PAY VOTE

Tesla is prepared to name a new Chief Executive Officer from inside the company if shareholders reject Elon Musk's proposed $1 trillion pay package and he steps down. The unprecedented pay package will be voted on at the company's annual meeting on November 6. It is designed to incentivize Musk and ensure that development around AI and other new products happens within Tesla rather than with one of Musk's multiple other ventures. Shareholders will also vote on whether to invest in xAI at the annual meeting.

NVIDIA AND UBER SAY THEY'RE BUILDING A 100,000-VEHICLE ROBOTAXI NETWORK

Nvidia and Uber plan to start rolling out a fleet of robotaxis in 2027. The companies are aiming for 100,000 vehicles, but there is no timeline yet for when they will reach that level of scale. The robotaxis will use Nvidia's latest in-vehicle computer, the Drive AGX Hyperion 10, which Nvidia claims makes cars ready for level-4 automation. It will enable vehicles to drive completely autonomously within designated areas.

HOW AGENTIC PAYMENTS ARE REINVENTING A 90S INTERNET STANDARD

HTTP's placeholder status code, 402: Payment Required, was meant to make payments as seamless as loading an image or video. It has been left undefined for years. Instead of protocol-native micropayments, the web economy was forced down the path of advertising, walled gardens, and awkward credit card forms. HTTP 402 has recently resurfaced as the foundation of an emerging agent-driven economy. New standards like x402 and h402 may finally make payments as native and invisible as information itself.

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