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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

GOOGLE TO PAY SPACEX NEARLY $1 BILLION A MONTH IN CLOUD-COMPUTING DEAL

Google will pay SpaceX $920 million per month from October 2026 to June 2029 to rent data center capacity. Google has the right to cancel the agreement in October if SpaceX doesn't provide the promised 110,000 Nvidia chips. Either party can cancel the agreement starting next year with 90 days' notice. This is the second major deal SpaceX has made in recent months to rent out compute capacity to a competitor. SpaceX is expected to go public on June 12 in a public offering that values the company at $1.77 trillion.

THE PROBLEM WITH USEEFFECT

Almost every useEffect bug is the same problem in disguise: the effect runs more often than expected, either from a missing dependency array (which loops until the tab crashes) or from a dependency that's an object, array, or function getting a fresh reference each render, since React compares dependencies by reference rather than content. Fix it by stabilizing the reference with useMemo/useCallback or depending on primitive values, and catch it early with the react-hooks/exhaustive-deps ESLint rule.

INSIDE APPLE'S SECRET MEETING THAT LED IT TO FINALLY TAKE AI SERIOUSLY

Several top Apple employees held a meeting - without Tim Cook - centered around the company's AI strategy in early 2025. At the time, the company's rivals were rapidly advancing, and the executives were concerned about how much trouble the company was in if real changes weren't made immediately. The meeting's aim was to formulate a recommendation to Cook about how the company should respond. The team decided that fresh leadership was necessary and recommended that Cook give Siri to Mike Rockwell, the creator of the Vision Pro headset, who was passionate about AI and had long argued that Apple needed to take it more seriously.

SMALL MODULAR NUCLEAR REACTOR REACHES CRITICALITY IN FIRST TEST

A startup called Antares has successfully achieved criticality in one of its test reactors. Criticality means that the nuclear reaction inside the reactor had become self-sustaining. The system uses a new fuel system that takes some of the complexity and safety out of the reactor design and places them in the fuel design. An attempt to run an entire system that includes electrical generation is expected to happen next year.

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