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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

TESLA SHAREHOLDERS APPROVE ELON MUSK'S $1 TRILLION PAY PACKAGE

Tesla shareholders have voted to approve a plan to motivate Elon Musk with a bonus of as much as $1 trillion in additional stock. Musk had threatened on social media to leave the company if the measure was rejected. He claimed he wanted a big enough ownership stake in Tesla so that he couldn't be fired, so the 'robot army' he is developing doesn't fall into the wrong hands. The new pay package includes 12 chunks of stock that could give Musk control of as much as 25% of Tesla if he hits a series of milestones in the next decade.

BUILD BETTER SOFTWARE TO BUILD SOFTWARE BETTER

Slack's engineering team reduced its build pipeline time from 60 minutes by applying classic software engineering principles to its build system using Bazel. They treated build performance optimization like code performance optimization by implementing caching (storing results of expensive build work), parallelization (spreading work across multiple compute resources), and better granularity (breaking work into smaller, more efficient units).

BALANCER BLAMES ROUNDING ERROR FOR $128M MULTI-CHAIN EXPLOIT

Balancer has identified a rounding flaw in its swap logic as the root cause of the November 3 exploit that drained over $128 million from its Composable Stable Pools (CSPs) across multiple chains, including Ethereum, Base, Arbitrum, Avalanche, and Polygon. The issue stemmed from a rounding error in the upscale function for EXACT_OUT swaps within the v2 vault's batchSwap feature, which attackers used to manipulate pool balances and siphon liquidity. Emergency response teams like Hypernative, SEAL 911, StakeWise DAO, and BitFinding helped recover portions of the stolen funds, with StakeWise DAO retrieving 73.5% of osETH losses. The exploit primarily affected v5 CSPs, while v6 pools were automatically paused, and Balancer v3 remains unaffected.

GOOGLE'S IRONWOOD TPUS REPRESENT A BIGGER THREAT THAN NVIDIA WOULD HAVE YOU BELIEVE

Google's latest generation of Ironwood accelerators will become generally available in the coming weeks. The TPU v7 accelerators are a major leap in performance over prior generations. They offer performance close to Nvidia's Blackwell GPUs, when normalizing floating point perf to the same precision. The TPUs can be scaled into truly enormous compute domains - Google is offering the chips in pods of 256 up to 9,216.

THE UAE IS WINNING THE RACE TO SEQUENCE AN ENTIRE COUNTRY'S DNA

The UAE's Emirate Genome Programme started six years ago with the goal of mapping the genetic code of all of the nation's around one million citizens. The country believes that gene sequencing is both a public-health project and a key part of the country's multitrillion-dollar effort to refashion itself from a petrostate into an AI powerhouse. The project has already collected DNA samples from more than 750,000 Emirates. Efforts to pair AI with genomic data have yet to yield profitable drugs, but many believe they will soon.

AI TURNS BRAIN SCANS INTO FULL SENTENCES AND IT'S EERIE TO SAY THE LEAST

'Mind captioning' is a method developed at NTT Communication Science Laboratories in Japan that uses a blend of brain images and AI to generate text descriptions of what people are seeing (or even visualizing) based only on their neural patterns. In tests, the system was able to correctly describe scenes viewed by participants about half the time, even when presented with a hundred possibilities - and even when participants were just visualizing the scenes in their mind. The technology is still far from being a mind-reading device, but it could have serious ethical implications when it becomes more capable.

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