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THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR AI

OPENAI IN $30 BILLION ROUND TALKS WITH UAE FUNDS, BLACKROCK

OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion round of financing. The UAE funds have discussed forming a syndicate to invest as much as $10 billion in the round. The University of California's endowment fund, BlackRock, Thrive Capital, and Andreessen Horowitz may also participate in the round alongside that syndicate. The fundraise is ongoing, and the details could change.

OPENAI'S B2B MARKETPLACE: THE HYPERSCALER OF AI APPS

The OpenAI B2B marketplace opened on September 29 with 32 partners. OpenAI wants to position itself as the platform that the wider AI ecosystem is built on and relies on for distribution. This will consolidate AI sprawl and make it easier for customers to budget. If the marketplace gains traction, we may see an evolution similar to the cloud ecosystem where labs and AI apps co-sell, apps get charged a listing fee, and buyers receive one invoice for their spend.

TWO ROOM-TEMPERATURE ANTIFERROMAGNETIC SEMICONDUCTOR CANDIDATES

Ferromagnets' atomic magnets all point the same way, adding their magnetic effects. Antiferromagnets have neighboring atomic magnets that point opposite ways and exactly cancel out magnetically. There is an intense drive in computer memory research to create materials in between these two extremes. This post details how a team of AI agents designed a candidate magnet for next-generation computer memory that has zero net magnetism yet still sorts electrons by spin.

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