College Demands CTC 🤔, iPhones Surge 📱, BlackCat Threats 🤭

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to today's edition of the NextBigWhat Daily News! Today's top stories include college demanding CTC, India's iPhone exports surge, and ransomware group BlackCat threats. 🔥 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Ransomware group BlackCat demands payment from Reddit, threatens data leak 🌎 GlobalTech - BlackCat claims to have stolen 80GB of compressed data during February’s cyberattack. - Demands include $4.5 million ransom and reversal of API price increases. - Reddit confirms February’s incident but has not disclosed further information or plans. Generative AI adoption increases despite low risk awareness 🤖 AI - 51% consumers aware of generative AI trends, Capgemini Research Institute reports. - 53% trust AI for financial planning, while 67% see benefits in medical diagnoses. - Consumer awareness of ethical concerns and misuse remains low with only 33% worried about copyright issues. frAIday: The best of AI innovation from India! [NBW Newsletter Ad] Attend frAIday. The AI community that moves you forward. 3 AI product demos. 30 minutes. Grab some CHAI and join the community. It's fun and free ! [Apply now]( Engineering students claim college demands percentage of CTC as placement fee 🇮🇳 IndiaTech - Student alleges college demands 2.1% of CTC as ‘Placement Cell Fee’. - Certificates withheld until fee payment, no official documentation provided. - Other Reddit users share similar experiences and concerns about ‘money laundering schemes’. Apple’s Vision Pro headset may revolutionize surgery 🌎 GlobalTech - US surgeon Dr. Rafael Grossmann says Apple’s ‘Vision Pro’ mixed-reality headset could provide doctors ‘superpowers’. - The device would enable data and information accessibility in real-time during operations. - The $3,499 headset, integrating digital and real worlds, will be available early next year in the US. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Microsoft unveils Orca, an open source AI model in partnership with OpenAI 🤖 AI - Orca imitates large language models like GPT-4 to overcome limitations of smaller models. - Smaller size requires fewer computing resources, can be optimized for specific tasks. - 13 billion parameter-powered Orca will learn explanations, step-by-step thought processes, and complex instructions from GPT-4. Wharton Professor Encourages Companies to Gain from Employees’ AI Productivity Hacks 🤖 AI - Employees privately use AI tools to increase productivity but hesitate to share due to fear. - Ethan Mollick suggests companies offer incentives for workers to share their AI discoveries. - AI could impact 300 million jobs and boost global labor productivity, according to Goldman Sachs. AI-driven stock-market boom increases wealth of top billionaires by $150B 🤖 AI - AI-related stocks surge in 2023 after ChatGPT’s debut, boosting fortunes of wealthy individuals. - Meta founder Mark Zuckerberg and Oracle boss Larry Ellison saw their wealth grow over $40 billion each. - Big Tech giants like Meta Platforms, Nvidia, Microsoft, Alphabet, and Oracle experienced significant gains. India’s May Smartphone Exports Soar, Dominated by iPhones 🇮🇳 IndiaTech - India shipped smartphones worth $1.6 billion in May; 80% were iPhones. - Apple’s iPhone exports from India in first two months of FY24 reached $2.4 billion. - The increase aligns with Apple’s plan to diversify its supply chain, shifting away from China. SVB to sell investment banking division to Leerink-led group 🌎 GlobalTech - SVB Financial Group sells SVB Securities to Jeff Leerink-led group, backed by funds managed by The Baupost Group. - Sale comes after FDIC took over Silicon Valley Bank in March due to bank run, triggering banking crisis. - Research business MoffettNathanson not included, while strategic alternatives for SVB Capital evaluated. India’s Apple iPhone exports surge to ₹10,000 crore in May 🇮🇳 IndiaTech - Exports more than doubled in April and May 2023 from last year. - Local production of Apple devices accelerated, reaching $5 billion in FY2023. - Apple’s manufacturing capacity in India expected to produce 25% of all iPhones by 2025. WhatsApp introduces community entry point shortcut for iOS users 🌎 GlobalTech - New feature allows users to view all linked groups in a community easily. - Community admins can add new groups without accessing community info. - Platform also testing a screen-sharing feature for video calls on iOS. Nothing Phone (2) Set for July 11 Debut: Specs, Features and More 🇮🇳 IndiaTech - Nothing Phone (2) to feature 6.7-inch FHD+ display, 4,700mAH battery, and Snapdragon 8 series chipset. - Rumored design includes curved edges, LED lights covering more area on the back panel, and two color variants – Black and White. - CEO Carl Pei hints at premium upgrades and confirms US launch; to be manufactured in Tamil Nadu, India. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](