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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

OPENAI, AMAZON SIGN $38 BILLION CLOUD DEAL

OpenAI will pay Amazon $38 billion for computing power in a multiyear deal. Amazon expects all of the computing capacity negotiated as part of the agreement to be available by the end of the year. It wasn't able to sell its cloud services to OpenAI for years because OpenAI had an exclusive cloud-computing partnership with Microsoft. OpenAI is set to generate $13 billion in revenue this year. It will have to continue expanding sales at an exponential rate to pay for its computing needs. Sam Altman claims that OpenAI is facing severe computing shortages and that revenue will grow even faster as more capacity becomes available.

HOW PERPLEXITY BUILT AN AI GOOGLE

Perplexity built an “answer engine” by combining real-time web search with LLMs through a Retrieval-Augmented Generation (RAG) pipeline that searches the web, extracts relevant snippets, and generates cited answers. Its architecture uses Vespa AI to index 200+ billion URLs, intelligently routes queries between in-house “Sonar” models and third-party LLMs (GPT/Claude) based on complexity, and runs on a custom-built ROSE inference engine optimized for speed and cost.

POLAND HIT BY ANOTHER MAJOR CYBERATTACK AS HACKERS STEAL USERS' DATA FROM LOAN PLATFORM

Polish authorities are investigating a large-scale cyberattack that compromised personal data belonging to clients of the SuperGrosz online loan platform. Poland's Deputy Prime Minister Gawkowski reported that the attackers stole names, national identification numbers, ID card details, email and home addresses, phone numbers, nationality, bank account numbers, and other sensitive personal information. Affected users are advised to exercise caution, change passwords, enable 2FA, and use the government's mobile app to block their national identification number.

BALANCER HIT BY POTENTIAL $128M EXPLOIT ON ETHEREUM

Balancer, an Ethereum-based DEX and automated portfolio manager, appears to have been exploited for over $128.6 million, with large outflows detected from its vaults. Blockchain security firm PeckShield and analytics providers like Nansen flagged unusual transfers, including 6,587 WETH ($24.5M), 6,851 osETH ($26.9M), and 4,260 wstETH ($19.3M). Balancer confirmed it is “aware of a potential exploit” affecting V2 pools and is working with security teams to assess the damage. Early reports suggest the breach stemmed from a faulty smart contract check, possibly impacting older V2 forks across multiple chains.

A COMMERCIAL SPACE STATION STARTUP NOW HAS A FOOTHOLD IN SPACE

Vast's Haven Demo mission launched into orbit on Sunday on a SpaceX Falcon 9 rocket. After being released from the rocket, the Haven Demo spacecraft stabilized itself and extended its power-generating solar array. A link to a 4K video of the solar array deployment is available in the article. The Haven Demo will be followed by a single-module human-rated habitat called Haven-1, and then a multi-module space station complex named Haven-2.

ALPHABET IS INCREASINGLY LAUNCHING ‘MOONSHOT' PROJECTS AS INDEPENDENT COMPANIES — HERE'S WHY

Alphabet's X Moonshot factory is increasingly spinning out its ambitious technology projects to market as independent companies rather than keeping them within the Alphabet corporate structure, because while some moonshots benefit from Alphabet's resources and scale, others can go faster and won't really benefit from being part of the company because they're too different. It uses a dedicated venture fund called Series X Capital to invest in its spinouts. The moonshot factory has a culture that celebrates killing off promising ideas. It actively looks for reasons to shut down its projects, resulting in a brutal 2% hit rate - this makes it necessary to have a fund that deeply understands its goals.

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