AI Training Needs 🤖, Tesla India Plans 🚗, Google Play Updates 💻

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 AI training needs in India, Tesla's India plans, and Google Play policy updates. 🤖🚗💻 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Indian Companies Need 1 Million Hours for AI Training, IIMA-BCG Report Finds 🇮🇳 IndiaTech - A study reveals that the top 500 Indian companies need a million hours to train mid and senior level management on AI. - The training, as stated by the report, aims to educate managers on the business aspects of AI, digital transformation and agile methodologies. - The study was based on companies from banking, consumer goods, and industrial sectors, as well as surveys among chief experience officers of varying sized organisations. Google Play modifies policy to accommodate blockchain-integrated apps and tokenized digital assets 🌎 GlobalTech - Google has updated its marketplace policy to allow developers to integrate digital assets like NFTs into their applications through the Play Store. - Apps must be compliant with Google Play’s existing policies, ensure transparency on digital assets and cannot promote potential earnings from trading activities. Research Agrees With Jeff Bezos That This Is the Most Important Quality for Success [NBW Newsletter Ad]( How to be intellectually humility Are you open to new ideas? Well, that might define how successful you are [Read]( Coinbase Wallet introduces direct messaging feature 🌎 GlobalTech - Coinbase Wallet has launched a direct messaging feature, allowing users to interact within its platform. - The feature, powered by the open-source XMTP network, extends beyond financial transactions, providing NFT and POAP holders an avenue to connect with other asset owners directly. - For increased security, the encrypted messaging system prohibits access to users’ messages without the individual’s private keys, which decrypt the messages. Elon Musk unveils AI startup xAI that aims to understand the universe’s true nature 🤖 AI - Elon Musk has announced the creation of xAI, an AI startup dedicated to understanding the nature of the universe, fueled by personnel from leading tech companies and academic institutions. - xAI was incorporated in Nevada in March by Musk and Jared Birchall, who handles Musk’s family affairs. - Despite his recent involvement in AI, Musk had called for a halt in the training of powerful AI models earlier this year. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Tesla begins discussions to open factory in India to produce EVs starting at Rs 20L 🇮🇳 IndiaTech - Tesla has begun talks with the Indian government about a proposed investment to establish a car plant in the country with a capacity of up to 5 lakh electric vehicles annually, with pricing starting at Rs 20 lakh. - As it prepares to send automobiles to nations in the Indo-Pacific region, the company is also considering using India as an export hub.  Indian Government Eyes Increased Earnings from Hiked GST on Digital Gaming 🇮🇳 IndiaTech - The Indian Government may increase its revenues by over Rs. 17,000 crores by imposing a uniform GST of 28% on online gaming. - The current tax rate is only 2% of the estimated turnover, translating into a significant loss of potential revenue. - Potential measures for tax collection include a tax collected at source (TCS) strategy, and penal action for online gaming companies operating from abroad that fail to meet tax payment obligations. HCLTech Q1 Profits Grow 7.6% Amid Challenging Times; Declares Rs 10 Dividend 🇮🇳 IndiaTech - HCLTech sees 7.6% increase in Q1 net profit, hitting Rs 3,534 crore, with an interim dividend of Rs 10 per equity share announced. - Company’s consolidated revenue rose 12% to Rs 26,296 crore despite a challenging macroeconomic environment and staffing cuts. - Q1 also marked new deal wins worth $1.57 billion, keeping optimistic outlook on deal pipeline conversion for the year. Adobe’s Firefly AI Now Supports Over 100 Languages 🤖 AI - Adobe’s AI-based creative tool, Firefly, expands its support to over 100 languages, following feedback from the Adobe community. - The Firefly Beta website now supports 20 additional languages beyond English, and more are set to follow. - Firefly aids in generating creative materials with features like Text to Image, Generative Fill, Generative Recolor, and Text Effects. Tumblr Sheds Light on Its Struggles, Reveals $30M Annual Loss 🌎 GlobalTech - CEO Matt Mullenweg unveiled Tumblr’s struggle to become profitable, spending $30 million more than it generates annually. - Efforts to increase user base, including a ‘Coming from Twitter?’ sign up link and offering two blue checks for $8, haven’t significantly boosted user numbers. - Despite recent growth enigmas and user feedback controversy, Tumblr vows to not implement any significant changes without user input. Chinese Cyberattack Compromises Government Emails, Microsoft Sounds Alarm 🌎 GlobalTech - A China-originated cyberattack named ‘Storm-0558’ breached Microsoft and infiltrated government email accounts, impacting around 25 organizations. - Microsoft mitigated the threat, blocked all activities by ‘Storm-0558’, and alerted affected bodies, while also enhancing security measures to protect consumer keys. - Though Microsoft did not explicitly blame the Chinese government, the attack occurs amidst tense U.S.-China relations and ongoing cybersecurity disputes; FBI investigation is underway. Google Sued in Class-Action Lawsuit for Allegedly Using Personal Data to Train AI 🤖 AI - Law firm Clarkson filed a class-action lawsuit against Google, accusing them of using personal and copyrighted data without consent for AI training. - This case follows a similar lawsuit against OpenAI and opens debate on whether using public information for AI is legal. - Google rejects the accusations, arguing they used public data responsibly, while the lawsuit asks for damages, temporary freeze on commercial use of the technology, and ‘data dividends’ for affected users. Google Art & Culture Lab Introduces Interactive AI-powered Cello Playing Bird 🤖 AI - Google’s Art & Culture Lab introduces ‘Viola the Bird’, an AI-generated animated bird that performs famous stringed pieces as users move their mouse. - The artist behind Viola, David Li, worked with musicians and music arrangers to develop an AI engine that creates cello or violin sounds based on user’s mouse movements. - Although not providing sheet music and considered more entertaining than educational, Viola offers an interactive way to explore creativity through music. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](