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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

OPENAI MISSES KEY REVENUE, USER TARGETS IN HIGH-STAKES SPRINT TOWARD IPO

OpenAI missed its own targets for new users and revenue, raising concern among company leaders about whether it will be able to support its massive spending on data centers. The company's Chief Financial Officer has said that she is worried that OpenAI may not be able to pay for future computing contracts if revenue doesn't grow fast enough. Board directors have been questioning CEO Sam Altman's efforts to secure even more computing power despite the business slowdown. Company executives are now seeking to control costs and instill more discipline in the business.

OPENAI'S NEW IMAGE MODEL REASONS BEFORE IT DRAWS

OpenAI's new Images 2.0 model integrates reasoning capabilities that enable it to research prompts, plan compositions, and search the web before generating images with 99% text-rendering accuracy across multiple languages. The model topped the Image Arena leaderboard within 12 hours, with the largest margin ever recorded, and can generate up to 8 coherent images from a single prompt while maintaining visual consistency. This represents a significant leap from previous AI image generators, transforming from impressive demos to professional production tools that integrate directly into OpenAI's broader platform.

APPLE PLANNING TO LAUNCH TWO NEW 'ULTRA' PRODUCTS IN THE NEXT YEAR

Apple plans to release the iPhone Ultra and the MacBook Ultra in the next year. The iPhone Ultra will be a foldable iPhone that will likely be released alongside the iPhone 17 Pro, despite not being part of the iPhone 18 lineup. The MacBook Ultra will feature an OLED panel and a touch screen. Its release may be pushed back by several months due to memory supply chain shortages. An AirPods Ultra could also be on the way.

THE WORLD'S MOST COMPLEX MACHINE

Advanced semiconductors are the most important technology in the world. However, everyone who hopes to manufacture semiconductors is dependent on ASML, a relatively obscure Dutch company. ASML makes the only machines in the world capable of stenciling the transistors onto a chip with the precision necessary to fit billions on a 30-centimeter wafer. This article tells the story of how ASML overtook its competition to become the sole supplier of these machines.

TESLA FILES TO DELIVER ELON MUSK'S $56 BILLION PAY PACKAGE – ENDING THE SAGA

Tesla has filed an S-8 registration statement with the SEC to register 303,960,630 shares of common stock for CEO Elon Musk under his 2018 pay package. The award was contingent on Tesla hitting 12 escalating market cap and operational milestones. It granted Musk options to buy 304 million shares (split-adjusted) at $23.34 per share. Musk must remain CEO or a product development executive at Tesla through to at least 2028 for the shares to vest, and he's required to hold them for five years.

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