Indian OTT 📈, ESOPs 💸, UP EV Subsidy 👩‍💻

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 PwC Report on Indian OTT market, ESOPs for startup employees, and UP govt launching EV subsidy claim portal. 🤖 💼 🔌 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Instagram Wins Appeal over Embedded Images in Copyright Lawsuit 🌎 GlobalTech - A 9th U.S. Circuit Court of Appeals panel ruled in favor of Instagram in a copyright infringement case involving embedded photos. - The lawsuit, initiated by photographers Matthew Brauer and Alexis Hunley in 2021, claimed Instagram allowed third parties to infringe on copyright by embedding photos without explicit consent. - The court argued no copy is made when content is embedded, but acknowledged the photographers raised valid concerns about copyright holders’ control over their work. Google launches full version of Nearby Share for Windows; forms partnership for pre-installation 🌎 GlobalTech - Google officially released Nearby Share for Windows, improving speed and reliability of file transfers between Windows PCs and Android devices. - Nearby Share has been used by over 1.7 million users and contracted over 50 million file transfers, it now shows an estimated file transfer time and received file previews. - Google plans to partner with manufacturers to pre-install Nearby Share on select Windows PCs, starting with HP’s Dragonfly Pro. #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. [Get it]( Apple is developing AI chatbot ‘Ajax’ to compete with ChatGPT 🤖 AI - Apple is said to be developing a chatbot, called Ajax, sparking rumours of Apple’s entrance into the ‘AI wars’. - Details about Ajax’s implementation are still unclear, but an official announcement is expected next year. - Apple’s move into the generative AI space follows the recent release of Meta and Microsoft’s Llama 2 AI chatbot. Indian OTT Market to Hit $3.5bn by 2027, Doubles 2022 Earnings: PwC Report 🇮🇳 IndiaTech - Revenue of India’s OTT platforms, such as Amazon Prime, Netflix & Disney+ Hotstar is predicted to double to $3.5bn by 2027 from $1.8bn in 2022. - The Indian market is growing faster than global rate, with a CAGR of 14.32% in five years, while global growth of OTT segment is 8.4%. - Ad-supported streaming will become more prevalent, with revenue from AVOD projected to account for 22.3% of OTT revenue by 2027, and SVOD capturing a 73.8% share. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Indian Startup Employees Collect $1.45Bn from ESOPs Since 2020 🇮🇳 IndiaTech - Despite a declining trend in ESOP buybacks in 2023, a $700m payout by Flipkart has caused a sharp rise in the sector. - Since 2020, over 80 startups have bought back ESOPs worth $1.45bn, with 80% of buybacks performed by 20% of the startups. - Flipkart, the largest contributor in the sector, accounted for over 50% of the total buyback since 2020. Netflix Acquires 5.9 Million New Global Subscribers Following Password Sharing Crackdown 🌎 GlobalTech - Netflix’s anti-password sharing enforcement led to incorporation of almost 6 million new subscribers, including over 1 million from the US and Canada in Q2 2023. - In response to this success, Netflix plans to extend paid sharing to almost all regions where it hasn’t been enacted yet. - The company expects further revenue growth through the benefits of paid sharing and the adoption of its ad-supported plan. TikTok Deemed a Safe Space for Young LGBTQ People of Color, Says Trevor Project’s Survey 🌎 GlobalTech - 53% of young LGBTQ people of color report feeling safest and understood on TikTok. - Social media is a major point of connection and community for queer teens, particularly those seeking identity affirmation. - Young LGBTQ people expressing safety in these online spaces are less likely to try suicide or experience anxiety. James Cameron Expresses Greater Fear for AI Apocalypse than AI Scripts 🤖 AI - James Cameron doubts the capacity of AI language models to pen sensitive screenplays, stating it’ll take human empathy. - Cameron foresees a probable ‘nuclear arms race’ with AI, leading to uncontrollable machine-driven battles. - Whilst conceding the emerging AI discussion in Hollywood, James Cameron’s fears are rooted in its unchecked weaponization. Uttar Pradesh Government Launches EV Subsidy Claim Portal 🇮🇳 IndiaTech - The portal ‘upevsubsidy.in’ facilitates claiming for electric vehicle subsidies in Uttar Pradesh. - Owners can apply online for subsidies for EVs purchased after October 14, 2022. - The subsidies will be transferred to users’ account after a four-level verification process. GST tax department inspects UpGrad’s premises 🇮🇳 IndiaTech - Indian GST officials are investigating edtech unicorn UpGrad, backed by Temasek, Lupa Systems, and International Finance Corporation. - The firm reassures it’s fully compliant and cooperative, while the searches are viewed as routine. - This follows a similar probe into another Indian edtech company, Byju’s, held earlier this year. Language learning platform Preply raises $70M to enhance AI capabilities 🤖 AI - Preply, a Ukrainian-founded, US-based language learning platform, secured $70M in funding to increase its use of AI. - The firm, which connects learners with human tutors, will use the funds to develop AI-powered human tutors. - Despite tighter funding conditions for startups, companies incorporating AI like Preply and rival Duolingo continue to attract significant investment. Microsoft Invites Google Chrome Users to Try Bing Chat Yet Fails to Enable Access 🤖 AI - Microsoft has started prompting some Google Chrome users to use Bing Chat, formerly limited to the Edge browser. - However, enabling the Bing extension on Chrome makes it the default search engine but doesn’t provide access to the chatbot feature. - Microsoft yet to clarify if they are testing Bing Chat’s functionality on other browsers. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](