
Top stories today:
- OpenAI releases Operator, AI agent to automate web-based tasks
- Trump signs EO to promote crypto, potentially build national stockpile
- Perplexity launches AI-powered assistant to help with daily tasks
- Humanityās Last Exam, new super-hard AI benchmark, released
- Startup CEO ownership over time depends on founding team size
- U.S. equity risk premium falls below 0, last seen during dotcom era
0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. OpenAI releases Operator, AI agent to automate web-based tasks
Available as a āresearch previewā to ChatGPT Pro subscribers in the U.S.
Uses a native web browser for tasks such as booking āDining & eventsā, āDeliveryā, āLocal servicesā, āShoppingā, and āTravelā.
Based on a āComputer-Using Agentā (CUA) model, combining GPT-4oās vision capabilities with āadvanced reasoning through reinforcement learning.ā
Users can take control if it gets stuck or performs a task requiring login credentials.
CUA āprocesses raw pixel dataā to understand on-screen content and āuses a virtual mouse and keyboard to complete actionsā
DoorDash, Instacart, OpenTable, and Uber are among the initial companies supporting Operatorās access
Limited in browsing other websites and currently has problems with ācomplex interfaces like creating slideshows or managing calendars.ā
Rate limits on a daily and task-dependent basis also exist.
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3. Trump signs executive order to promote crypto, potentially develop national digital asset stockpile

David Sacks will lead the crypto working group to create the digital asset stockpile.
The stockpile will be āpotentially derived from cryptocurrencies lawfully seized by the Federal Government.ā
The order also protects stakeholders from āpersecution.ā
Developers and miners are free to ādevelop and deploy softwareā and āparticipate in mining and validating,ā the order said.











