Byju's Board Resigns 🔎, Google Fintech Centre 💸, YouTube Guidelines 🚨

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 Byju's board resignations, Google's fintech operations centre, and YouTube's fan account guidelines. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( OceanGate Submersible Tragedy Reveals Lack of Basic Safety Measures 🌎 GlobalTech - OceanGate submersible disaster claims five lives, including CEO Stockton Rush. - Expert claims the submersible lacked basic location technology like an acoustic pinger and radio beacon, making recovery difficult. - OceanGate had previously dismissed an employee in 2018 who warned of potential extreme danger in their submersible. Microsoft’s Xbox Cloud Gaming Plans Shelved Amid Regulatory Concerns 🌎 GlobalTech - Microsoft considered a dedicated xCloud SKU product for cloud gaming. - The ‘dedicated’ version would have resembled Google Stadia, enabling users to stream games they owned. - Regulatory scrutiny led Microsoft to position cloud gaming as a ‘feature’ of Game Pass instead. #RecommendedBook [NBW Newsletter Ad]( A recommended book for leaders. A pioneering book, Unfiltered: The CEO and the Coach, for the first time, opens the doors that normally shield the confidential world of coaching conversations. [Apply now]( YouTube tightens guidelines on fan accounts to curb impersonation 🌎 GlobalTech - Fan accounts must clearly indicate they don’t represent the company or artist. - Impersonation channels, even stating they’re fan accounts, will be disallowed. - New policy aims to protect original creators and prevent viewer confusion. Byju’s board members from Prosus and Peak XV Partners resign 🇮🇳 IndiaTech - Prosus and Peak XV Partners representatives resign from Byju’s board. - Byju’s statutory auditor, Deloitte Haskin & Sells, resigns amid delays in filing financial statements. - Byju’s replaces Deloitte with BDO as its statutory auditors for the next five years. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Google announces global fintech operations centre in GIFT City 🇮🇳 IndiaTech - Google CEO Sundar Pichai reveals plans after meeting PM Modi in the US. - Centre to be established in Gujarat, building on India’s fintech foundation and expand globally. - Pichai emphasized ongoing investments in Digital India, AI, and collaboration with academic institutions. Supreme Court Supports Coinbase in Arbitration Dispute 🌎 GlobalTech - U.S. Supreme Court rules 5-4 to halt customer lawsuits. - Coinbase argues disputes belong in arbitration based on user agreement. - Decision prevents potential loss of arbitration benefits such as efficiency and cost savings. Zerodha’s Nithin Kamath warns of courier company scam 🇮🇳 IndiaTech - Scammers impersonate FedEx, Blue Dart, and police to demand funds for parcel release. - Victims receive calls with fake notices and police IDs, prey on panic and instinctive reactions. - Kamath advises involving a lawyer and slowing down before reacting in such situations. Tech CEOs meet India’s PM Modi at White House, discuss investment opportunities 🇮🇳 IndiaTech - India’s Prime Minister Narendra Modi met with CEOs of Apple, Alphabet, Microsoft, Tesla, and OpenAI at the White House. - Apple CEO Tim Cook sees India as a ‘huge opportunity’, cites recent openings of retail stores in the country. - Google partners with Indian Institute of Science on AI speech data open sourcing, other tech firms announce plans to invest in India. US forms public working group to tackle generative AI challenges and opportunities 🤖 AI - National Institute of Standards and Technology seeks volunteer experts from private and public sectors. - Group to help develop guidance for organizations to address risks and harness potentials of generative AI. - US government aims to explore AI applications in health, climate change, and environment issues. Generative AI enhances ‘collective intelligence’: Genpact COO 🤖 AI - Shibu Nambiar discusses the integration of AI in business solutions. - Generative AI could improve product launch processes and online user experiences. - Despite AI taking over jobs, void created will lead to different job opportunities. Lawyer fined $5,000 for using ChatGPT in court brief with fake case citations 🤖 AI - Steven Schwartz from Levidow, Levidow & Oberman used ChatGPT for legal research. - This resulted in court brief containing fake cases and opinions that seemed authentic. - Law firm fined $5,000, ordered to send letters to judges falsely identified as fake opinion authors. Apple CEO Tim Cook joins Biden and Modi in AI-focused meeting 🤖 AI - Discussion includes AI, manufacturing, and innovation. - Other tech executives attending: Microsoft’s Nadella, Google’s Pichai, AMD’s Su, and OpenAI’s Altman. - Meeting follows Biden’s consultations with AI leaders in San Francisco. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](