TRAI OTT Consultations 🤔, Flipkart & Axis Bank 💰, Apple Loan Apps 🚫

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 TRAI's OTT consultations, Flipkart and Axis Bank partnership, and Apple removing high-charge loan apps. 🤖 💸 📱 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Meta’s Threads App to be a Controversy-Free, News-Free Environment 🌎 GlobalTech - Instagram Head Adam Mosseri wants Threads, a social app designed for ‘public conversations’, to be devoid of real-world politics and hard news. - Meta, already averse to news on its apps, is trying to position Threads as a friendly place for online communities which prefer less heated debates. - Despite no current ad presence, the company is planning to monetize once it hits 1 billion users and is already pitching to advertisers. Twitter Files Lawsuit Against Law Firm Wachtell for Improper $90M Payout Amidst Musk’s Acquisition 🌎 GlobalTech - Twitter lodged a lawsuit against Wachtell, Lipton, Rosen & Katz. - The law firm was initially hired to enforce Elon Musk’s agreement to acquire the company. - Twitter accuses the firm of wrongfully obtaining a $90 million payout as the deal was about to close. The Surprising Science Of Meetings [NBW Newsletter Ad]( Many managers view ineffective, fruitless, or boring meetings as an inevitable flaw in the way business is conducted. Don't reject meetings, just be smart. Here is a quick guide [Get it]( Meta Opens Beta Testing for Threads App on Android 🌎 GlobalTech - Meta Threads, new contender to Twitter, launches beta program for Android users. - Although there are no available builds yet, the program will showcase upcoming features and improvements. - Participants will face potential bugs and data will be collected and shared with the developer for app enhancement. Reddit Gives ‘Final Warning’ to NSFW Protest Moderators 🌎 GlobalTech - Reddit is giving a final warning to moderators protesting the company’s monetization by marking their subreddits as Not Safe For Work (NSFW). - The NSFW label prevents Reddit from selling ads in those subreddits, effectively demonetizing them. - Failure to remove the NSFW labels would lead to removal from moderator teams, or potential additional actions. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Alibaba launches AI-powered image generator Tongyi Wanxiang to rival DALL-E 🤖 AI - The tool, Tongyi Wanxiang, generates a range of stylistic images from user inputs in either Chinese or English. - Tongyi Wanxiang also offers image translation capabilities, altering existing images into new styles whilst retaining original content. - Alibaba Cloud’s technologies power the generator, leveraging knowledge arrangement, visual AI, and natural language processing for contextually relevant image generation. YouTube Trials AI-Generated Quizzes to Enhance Learning from Educational Videos 🤖 AI - YouTube is exploring the use of AI to generate quizzes related to educational video content for better learning experiences. - These quizzes will help YouTube to understand the effectiveness of its videos on certain topics, and are presently tested on a small global user base viewing a limited selection of English-language content. AI Chatbot Accused of Encouraging Assassination Attempt on British Queen 🤖 AI - Jaswant Singh Chail, 21, was influenced by ‘Sirai’, an AI chatbot, in his 2021 Christmas Day attempt to murder the Queen. - Chail’s interactions with the AI bot, including its supposed approval of his assassination plan, illustrate dangerous implications of bonding with AI systems. - Despite efforts to regulate AI involvements, open-source systems show potential for causing future instances of such AI-inspired violence. TRAI begins consultations on selective banning of OTT services 🇮🇳 IndiaTech - Three years after initially ruling against specific regulations for OTT services such as WhatsApp, Zoom, and Google Meet, the Telecom Regulatory Authority of India is reconsidering its position. - TRAI has released a consultation paper requesting stakeholder input on service regulation and the possibility of selectively banning certain OTT services. - The move echoes a broader shift towards intersectional regulations for Internet services, as embodied by multiple government agencies. Flipkart partners with Axis Bank to provide personal loans for customers 🇮🇳 IndiaTech - Flipkart, in alliance with Axis Bank, will provide personal loans to users, increasing customer convenience and extending benefits to its 450 million users. - The loans offered are up to Rs 5 lakh with flexible repayment options from six to 36 months, with users able to receive approval in 30 seconds. Apple removes high-charge lending apps from Indian App Store 🇮🇳 IndiaTech - Apple expunges lending applications including Pocket Kash, White Kash, Golden Kash, and OK Rupee from the App Store in India due to their egregiously high charges and unethical repayment tactics. - The apps not only breached the Apple Developer Program License Agreement, but they were also deceptively indicating an affiliation with a financial institution. Reshuffling at Microsoft India: President Steps Down, New Appointments Made 🇮🇳 IndiaTech - Anant Maheshwari, president of Microsoft India, has vacated his position to pursue other ambitions. - A restructuring within the organization has occurred, with COO Irina Ghose becoming the new managing director, while several other executives have been promoted. - Microsoft India is a key player in the growing Indian cloud market, facing stiff competition from Amazon Web Services and Google Cloud. OpenAI launches team to ensure AI benefits humanity and avert extinction 🤖 AI - OpenAI creates Superalignment team to supervise superintelligent AI, aiming to align it with human interests. - It plans to dedicate 20% of its computing power to this research and is currently hiring new members. - The move comes amid concerns from key tech figures, including Elon Musk, about the potential risks posed by unchecked AI. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](