IT Weak Q1 📊, Dream11 Sponsor 🏆, AI Content Farms ⚠️

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to the NextBigWhat Daily News! Today's headlines include predictions of a weak Q1 for IT services, Dream11 succeeding Byju's as Team India's sponsor, and AI-generated content farms posing a challenge for brands. 🤖 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Midjourney Bans User for Creating Fake Images of Politicians Cheating 🤖 AI - Video editor Justin Brown was banned from the Midjourney platform after using it to create and distribute AI-generated images of politicians in infidelity scenarios to highlight potential blackmail risks. - The series included photos of various 2024 presidential candidates and gained attention on Reddit before being removed by moderators and leading to Brown’s platform ban. Rise in AI-Generated Low-Quality Content Farms Posing a Challenge for Brands and Google 🤖 AI - AI-generated content farms, earning through programmatic advertising, are growing rapidly with over 141 internationally recognized brands unknowingly supporting them. - These sites generate hundreds of articles daily using tools like OpenAI’s ChatGPT, often full of misinformation, potentially undermining the credibility of advertising brands. You 2 [NBW Newsletter Ad]( You 2: A High Velocity Formula for Multiplying Your Personal Effectiveness Short but so sweet. This book feels like you’ve had a highly concentrated dose of motivation for your elevation [Get it]( Valve Reportedly Blocks Games Incorporating AI-Generated Assets on Steam Over Legal Uncertainty 🤖 AI - Valve is allegedly refusing games with AI-generated arts on its Steam platform, according to an anonymous developer. - The rejection was based on the unclear legality of AI-generated works, with the possibility of infringing third-party copyrighted material. - Though Valve has not made a public statement, the decision may stem from recent lawsuits involving AI image generators using copyrighted material without permission. Snap plans to shut down Gfycat and delete all content by September 1st 🌎 GlobalTech - Snap, Gfycat’s parent company, has announced the discontinuation of the GIF database platform. - Users are urged to save or delete their Gfycat content before the set date. - Issues like the expiry of Gfycat’s security certificates and an unresponsive support team raised doubts about its continuity in recent months. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Apple Likely Developing iPad/Mac Smart Display with Standby Feature 🌎 GlobalTech - Apple is reportedly designing a larger screen equipped with an A-series chip and software stack, turning it into a smart display while not connected to a Mac. - The product may have a low-power mode that mirrors the iOS 17 StandBy feature, transforming the device into a vast smart display. - According to Bloomberg’s Mark Gurman, the product may possibly be unveiled next year. Apple May Enhance iPhones with Satellite-Powered Internet and Calling 🌎 GlobalTech - Apple is rumored to be working on expanding satellite-powered features for iPhones as per an FCC filing by Apple partner Globalstar. - The satellite features could extend beyond the current emergency SOS and Find My app, to include voice calls and internet use even when cellular or Wi-Fi coverage is unavailable. - T-Mobile and SpaceX’s plans for satellite internet services for T-Mobile smartphones have spurred speculation about Apple’s potential enhancements. Twitter’s Ex-CEO Dorsey Reveals Stress of Management Amid Musk’s Tweet Limits 🌎 GlobalTech - Jack Dorsey acknowledged the stress of managing Twitter after Elon Musk, current CEO, imposed controversial ‘rate limits’ - Musk claimed the ‘temporary’ limits were in response to ‘extreme levels’ of data scraping, leading to him adjusting the limits multiple times - After announcing the restrictions, Dorsey voiced support for Twitter building on ‘censorship-resistant open protocols’ such as Bitcoin. India’s IT services sector predicted weak Q1 performance amid economic slowdown 🇮🇳 IndiaTech - India’s IT Services industry expected to show down performance in Q1 of FY24, due to bleak economy and global tech spending. - Revenues of Tata Consultancy Services (TCS) and Infosys to grow by 0.2% and 0.8% respectively, while revenues of Wipro and Tech Mahindra are projected to fall. - Softness in consulting revenue and small deal sales might contribute to the dismal performance during the June quarter. Valve Bans Games Featuring Copyright-Infringing AI-Generated Assets 🤖 AI - Valve confirmed it is rejecting games using artificial intelligence (AI) to produce art and other content that infringes copyrights. - Valve spokesperson, Kaci Aitchison Boyle, clarified that the move does not discourage AI use on Steam, but is a part of reflecting the current copyright law in their review process. - The spokesperson added that Steam refunds submission credits to developers whose games have been refused due to use of AI-generated material, amidst ongoing concerns related to copyright infringement with AI technology. Indian startups experience funding crunch in H1 2023, no new unicorns 🇮🇳 IndiaTech - The funding included 96 late-stage deals worth $4.48 billion and 417 early-stage deals worth $1.54 billion, with no unicorns for the first six months of 2023. - The majority of the funding took place in Bengaluru, where startups raised nearly $3 billion; the top-funded sectors were fintech and e-commerce, with fintech startups raising over $2 billion in total. Indian Government Bars Use of Certain Remote Desktop Softwares Under New Cybersecurity Guidelines 🇮🇳 IndiaTech - Cybersecurity body CERT-In mandates government departments to substitute remote desktop softwares like Anydesk and Teamviewer with VPNs, and incorporate multi-factor authentication. - The guidelines aim to standardize cybersecurity measures across organizations, including controlling the content posted on official government social media accounts and barring their use on public devices. Dream11 succeeds Byju’s as Team India’s main sponsor 🇮🇳 IndiaTech - Dream11, a fantasy sports platform, is now the Indian cricket team’s leading sponsor, having replaced edtech firm Byju’s whose contract ended in March. - The three-year agreement means Dream11 will be displayed on Team India’s jerseys from the upcoming West Indies series, after paying Rs 358 crore for the sponsorship rights. - While Byju’s was paying Rs 5.5 crore per bilateral match and terminated its agreement due to cost-cutting, certain brands, like real-money gambling and cryptocurrency, were excluded from the BCCI’s bidding process. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](