Mumbai Data Centre 💻, Neeva Shuts Down 🔌, FAME Subsidy Cut ⚠️

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to this edition of the NextBigWhat Daily News! Today's headlines include Mumbai's ranking for data centres, Neeva shutting down, FAME II subsidy cuts, and more. 🗞 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( 🇮🇳 IndiaTech: Latest tech and startup news. Mumbai Ranks Third in Asia-Pacific Data Centre Market - Mumbai reaches 2,337 MW capacity, ranking third in Asia-Pacific data centre market. - City sees over 40% of current live capacity absorbed throughout 2022. - Significant capacity expansions in Bangkok and Kuala Lumpur observed in 2023. Privacy-focused search engine Neeva to shut down on June 2 - Neeva, founded by ex-Google executives, will shut down on June 2 due to difficulty in acquiring users. - Co-founders Ramaswamy and Raghunathan admitted difficulties in building a sustainable business in consumer search. - Neeva Premium users will receive refunds and all user data will be deleted. Indian government cuts FAME II subsidy, increasing EV prices - Electric Vehicles to become more expensive by Rs 25,000 to 30,000 due to subsidy cut. - Ministry of Heavy Industries reduces FAME II subsidy for electric two-wheelers to Rs 10,000 per kWh. - Investment in public charging infrastructure expected to support country’s EV ambitions. PolicyBazaar’s revenue soars to Rs 2,558 Cr in FY23, losses reduce by 41% - Revenue from operations jumps 79.5% in FY23 to Rs 2,558 crore. - Collections from insurance web aggregator services rise 60.6% to Rs 1,268 crore. - Losses cut to Rs 488 crore in FY23 compared to Rs 833 crore in FY22. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( 🌎 GlobalTech: Trending global tech news. Deleted tweets reemerging on Twitter due to bug - Users experiencing deleted tweets and retweets reappearing on their feed. - Primarily affecting those who used third-party services like Redact or TweetDelete. - Bug raises questions about Twitter’s handling of private data and its network architecture. Leak suggests iPhone 16 may feature vertical camera alignment - Anonymous Twitter user leaks possible iPhone 16 camera layout. - Apple may revert to vertical camera alignment, similar to iPhone 12. - Early prototypes suggest larger displays and improved lens capabilities. Anthemis Group seeks $200M for third fintech fund amid layoffs and scrapped SPAC - Anthemis submitted SEC filing targeting $200M for third fund, currently secured $36.4M. - The fund raising comes after laying off 28% of staff and canceling plans for a SPAC. - Anthemis already has $1.5 billion in assets under management and focuses on fintech investments. Global outsourced smartwatch shipments grow 15% YoY in H2 2022 - Outsourced manufacturers account for 69% of global smartwatch shipments. - Luxshare, Foxconn, and Compal lead in outsourcing; Indian brands drive growth. - Outsourced production share projected to increase to 70% in 2023. 🤖 AI: Latest in AI and ML. Elon Musk Denies AI Winter, Says Boom Is Just Starting - Musk disagrees with Quora’s CEO, believes AI has no ‘winter’ or downturn. - Recent advancements include AI chatbots, such as OpenAI’s ChatGPT and Quora’s Poe. - Musk’s own AI plans include a new company, X.AI, to compete with OpenAI. Meta’s AI can recognize over 4,000 spoken languages and encourages language preservation - Massively Multilingual Speech (MMS) project recognizes 4,000+ languages and produces speech in 1,100+ languages. - Data collected from religious text translations avoids biases due to a connectionist temporal classification (CTC) approach. - MMS outperforms OpenAI’s Whisper, covering 11 times more languages and half the word error rate. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](