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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

SPACEX SETS PRICE FOR THE WORLD'S LARGEST IPO

SpaceX has set a price of $135 for its initial public offering, putting the company's value at $1.77 trillion. The company aims to raise $74.4 billion from the offering, which is set to be the largest IPO ever. Its stock is likely to begin trading on the NASDAQ next week under the ticker symbol SPCX. SpaceX plans to use the money it raises to fund various moonshots, including putting AI data centers into orbit, building a lunar factory, and sending humans to Mars.

AMAZON WILL SHOW AI PRODUCT IMAGES WHEN YOU SEARCH FOR SOME REASON

Amazon is adding AI-generated product images to shopping app search results, showing fake visual options under autocomplete suggestions to help users refine vague queries like dress styles or furniture materials. The feature is meant to guide shoppers toward more relevant results through visual search, but it risks misleading customers who may expect the pictured items to be real and available. It follows Amazon's broader push to add AI across shopping, including review summaries, AI audio product overviews, shoppable collages, Lens Live, and Alexa for Shopping.

META'S CTV PLAY: WHAT IT REALLY MEANS FOR ADVERTISERS

Meta's move into CTV could make TV advertising accessible to millions of smaller advertisers by bringing streaming inventory into the same self-serve platform, targeting system, and optimization workflow they already use on Meta. The strategic opportunity is not winning large TV budgets but unlocking a new pool of advertisers that have never bought TV before. Success depends on whether Meta's performance algorithms can deliver results on third party CTV inventory that costs far more than social placements, since CTV CPMs average $20 to $40 versus $6 to $9 on Meta. Early evidence suggests unified audience management across CTV can drive strong outcomes, including 51% overdelivery on reach targets and a 342% lift in product searches. As streaming reaches 20.8 million UK households and accounts for 38% of TV viewing, Meta's ability to connect demand, targeting, and measurement across channels could become a major advantage.

MARK ZUCKERBERG WANTS META'S NEW AI AGENTS TO RUN YOUR WHOLE BUSINESS

Meta has launched an AI agent for businesses on WhatsApp, Instagram, and Messenger. The agent can answer customer questions, book appointments, close sales, and perform other functions. Meta plans to expand its capabilities so that it can eventually help run whole businesses. The agent is free to use for now, but Meta will eventually shift it to being a paid subscription service with different tiers.

BLUE ORIGIN VOWS TO RESUME NEW GLENN FLIGHTS BY YEAR'S END

Blue Origin claims that it will be able to resume New Glenn rocket launches by the end of the year. The company says that the damage from the explosion last week was not as severe as initially feared. There is still no word on what might have caused the explosion. The company's plans to resume flights by the end of the year imply that the root cause of the explosion was not a major design flaw, as that would take months to correct and then test.

CHINA IS TRAINING A ROBOT FUTURE — ONE FOLDED SHIRT AT A TIME

China's low labor costs, government support, and public enthusiasm for robotics development are helping the industry mobilize large populations to work in robotics data collection. Robotics developers globally have ramped up data collection in real households since the beginning of the year. US companies face high labor costs and are outsourcing their data collection to workers in developing countries. Chinese companies are able to collect massive data sets locally, helping them build robots better adapted to domestic environments.

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