Swiggy Credit Card 💳, Byju Sales 📈, Google Policy 🔎

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 Swiggy's credit card plans, Byju's secondary share sales, Google's new policy head and more. 🤖 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( EU Court Rules Meta Needs Consent for Personalized Ads 🌎 GlobalTech - The European Union Court of Justice has ruled that Meta must obtain consent before delivering personalized ads in the EU. - This decision is part of a broader court finding that antitrust investigations can factor in compliance with other laws, such as the GDPR. - Impact on Meta’s bottom line is unclear; while this might improve privacy, it could also negatively affect ad revenues, particularly in the EU. Swiggy is readying a co-branded credit card with HDFC Bank 🇮🇳 IndiaTech - The co-branded credit card trend has recently attracted Swiggy. Swiggy and HDFC Bank are collaborating on this. The service will be powered by Mastercard. - Swiggy will serve as an onboarding partner for HDFC Bank. This will be yet another loyalty benefits for Swiggy. Additionally, it will profit from interchange fees associated with card swipes. How to build a cult-like brand [NBW Newsletter Ad]( BigIdeas from Lenny Rachitsky's podcast - summarized for a quick read. "momentum above all else" - Laura Modi, CEO and co-founder of Bobbie, the first woman-owned, organic infant formula in the U.S. [Read]( BYJU’s Promoters Reinvest Funds Raised from Secondary Share Sales 🇮🇳 IndiaTech - Edtech giant BYJU’s announced its promoters, Byju Raveendran, Divya Gokulnath and Riju Ravindran, have reinvested all funds raised through secondary share sales. - The trio sold shares worth around $408.53 million with multiple transactions since 2015; these sales were often executed at a discount compared to the company’s primary valuation. - Promoters’ stakes in the company have dropped since 2016 but continue to remain the largest investor in the company. WeRide Given Green Light to Test Autonomous Vehicles in UAE 🌎 GlobalTech - UAE grants China’s WeRide the first national license, allowing the company to test Level 4 autonomous vehicles across the country. - This step supports UAE’s aim of having 25% of its transportation fully autonomous by 2030 and complements national policies to stimulate related industries and reduce emissions. - WeRide aims to test various autonomous vehicles in the market, enhancing its presence in UAE and expanding into other Middle Eastern countries like Saudi Arabia. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Google to appoint former Apple executive as India policy head 🇮🇳 IndiaTech - To address legal issues and bring more hardware assembly to India, Google will recruit a manufacturing and policy veteran as its senior government affairs executive in the country. - Currently a senior engineering executive at Microsoft, Sreenivasa Reddy is most likely to join Google towards the end of this year. At Apple Inc.’s India regulatory division, he had previously held senior roles. Meesho teams up with IISc’s lab to innovate in generative AI 🇮🇳 IndiaTech - Meesho enters a one year partnership with the Vision & AI Lab of the Indian Institute of Science. - The partnership intends to foster innovation in generative AI and multimodal large language models for the e-commerce sector. - This collaboration aims to improve user experience and create solutions benefiting both customers and sellers, according to Meesho’s Data Science Director. Twitter’s Unannounced Rate Limiting Targets Bots, Impacts Users and Advertisers 🌎 GlobalTech - Twitter has imposed unstated limits on the number of tweets users can read daily to detect and eliminate harmful bots. - Rate limiting has minimal impact on advertising, however, drew concern about its implications for user engagement and Twitter’s earnings. - Implementation of this decision troubled Twitter’s apps, triggering an updated version of TweetDeck, soon to be exclusive for verified accounts. Google’s Play Store UI Changes Include Blue Accents, Broader Dynamic Color Integration 🌎 GlobalTech - Google is replacing the green elements in the Play Store UI with blue accents in a new update. - The changes include color alterations for buttons such as the ‘Install’ button and parts of the app listing. - As part of the update, Google also introduced a ‘Sync Apps to Devices’ feature to easily install apps across all linked devices. UN Security Council Prepares for Meeting on AI Threats to Global Peace 🤖 AI - UN Security Council is to hold its first meeting addressing potential AI threats to global peace and security, led by UK presidency. - Plans include briefings from AI experts, Secretary-General Antonio Guterres, and the forthcoming appointment of an AI advisory board to prepare future UN initiatives. - Ambassador Barbara Woodward emphasizes the vast benefits of AI, while also acknowledging the security risks to be discussed among council members. Google Harnesses Publicly Available Data to Train AI Language Model, Bard 🤖 AI - Google is constructing a significant language AI model titled Bard, using publicly available information. - Updates to Google’s privacy policy indicate the use of open data to build and improve services like Google Translate and Cloud AI capabilities. - With these policies, the internet essentially turns into an AI training field to enhance large language models with public data. AI Can Uplift UK Out Of Economic Slowdown, Claims Labour’s Darren Jones 🤖 AI - Darren Jones, Labour MP, views AI as an ‘upgrade’ that can bring significant economic changes akin to the industrial revolution. - Jones advocates for a balanced approach to the adoption of AI, where innovations are welcomed, but issues like social impact, privacy, security, and equality are addressed. - Despite being critical of the AI policies approved by European parliament and those of the U.S., Jones calls for a ‘third way’, ensuring innovation is not stifled while avoiding a no-holds-barred approach. Schwarzenegger Highlights Terminator’s AI Prophecy 🤖 AI - Veteran actor Arnold Schwarzenegger asserts that ‘The Terminator’ franchise, which began his career in 1984, foresaw the advancement of AI. - While praising James Cameron, the franchise’s writer and director, Schwarzenegger commented on current fears surrounding AI expansion. - He highlighted the foresight of the 1984 film’s script that predicted machines becoming self-aware, at a time when AI was barely understood. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](