Paytm AI Stack 🤖, BYJU Leadership Change 💼, Elon Musk ID Feature 🔍

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 Paytm's AI stack, BYJU's leadership changes, and Elon Musk's controversial ID feature. 🤖 🔍 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Paytm aims to build Artificial General Intelligence software stack - With the goal of developing an artificial general intelligence software stack, One97 Communications Limited, the company behind the Paytm brand, is investing in artificial intelligence. - Paytm’s CEO Vijay Shekhar Sharma also highlights plans to offer small mobile credit with high credit quality, aided by their improving AI capabilities. Elon Musk’s X Rolls Out Controversial ID Verification Feature - X, formerly known as Twitter, introduces an identity verification system, requiring a selfie and government ID. - The system is developed in partnership with Israeli identity verification firm Au10tix, using AI and machine learning tech. - Elon Musk hasn’t commented on the feature; it is currently optional for ‘Blue’ subscribers only. Working Together - Michael D. Eisner, Aaron R. Cohen (Book summary) [NBW Newsletter Ad]( SAVE TIME. GET KEY IDEAS FROM THE BOOK ON ATOMICIDEAS The best combination comes from partnership, when two people balance each other to make each other smarter, to make each other better. [Get it]( Elon Musk Seeks to Remove News Headlines from Twitter Article Shares - Elon Musk plans to remove news headlines from articles shared on Twitter, instead displaying only the image and article URL. - This change may increase the number of posts in user timelines and prompt journalists to publish directly on the platform. - The alteration could considerably affect the click-through rates of articles, as many users rely on headlines when choosing to read a news piece. Online Gaming Tax Increase Causes Significant Job Losses - Spartan Poker, an online real money gaming platform, confirmed the layoff of 125 employees, 40% of its workforce, following the GST Council’s gaming tax rise to 28%. - The increased tax aligns online games involving wagering or stakes with gambling games, leading to projected layoffs and decimated industry revenues. - Finance Minister Nirmala Sitharaman defended the raise stating issues of morality and compared incentives for the gaming industry with those for essential goods. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( BYJU’s International Business Head, Cherian Thomas, Departs to Lead US-Based Impending Inc. - Cherian Thomas resigns from BYJU’s to become CEO of Impending Inc, a US-based mobile app developer. - Thomas was instrumental in leading BYJU’s international operations and facilitated its first US acquisition. - With ongoing issues at BYJU’s including capital, valuation, and layoffs, Thomas will focus on product portfolio expansion and global talent growth at Impending Inc. YouTube Collaborates with UMG to Build Structure Ensuring Compensation for AI Music - YouTube plans to develop ‘Music AI Incubator’ to guide its approach to AI music with partners including Universal Music Group (UMG). - UMG previously opposed AI, expressing concerns over artists’ work being used to train AI models without appropriate permission or compensation. - YouTube’s new system for AI music aims to balance interests of copyright holders and creative community, maintaining trust and combating copyright abuse, misinformation, and spam. WhatsApp Previews Enhanced Text Formatting Feature - WhatsApp plans to introduce more advanced text formatting, including syntax for quotes and bullet lists. - The feature, still in beta stage, was demonstrated by WABetaInfo and uses specific operators around the text for formatting. - WhatsApp already allows for basic formatting like bold, italics, and strikethrough on all platforms. AI Utilised for Text-to-Music Applications by Developers - Brett Bauman created an app called Songburst that generates music based on text prompts, with options for various categories. - Other similar apps include CassetteAI by Akhil Tolani, which enables users to create different versions of auto-generated tracks. - These applications are mainly designed for creators who need copyright-free music for videos or podcasts, and musicians interested in blending them into their song-making process. Snapchat to Boost AI Capabilities with ‘Dreams’ - Snapchat is introducing a generative AI feature ‘Dreams’, allowing users to insert themselves in AI generated backgrounds. - The feature may allow friends to create shared AI ‘dream’ scenarios. - Snapchat’s app indicated potential monetization of the feature with ‘Dream Packs’. OpenAI CEO Recounts Musk’s Exit; Criticizes Profit-First Approach - OpenAI CEO Sam Altman revealed his difficulties following Elon Musk’s 2018 exit from the AI organization. - Musk had reportedly invested up to $100 million into OpenAI before leaving after his bid to assume control was rejected. - Though Musk slammed OpenAI’s profit-driven approach, the AI company has since gained $10 billion in investments from Microsoft, while also raising an additional $495 million from venture capital firms. YouTube Collaborates with Music Industry to Explore Generative AI Impact - YouTube plans to analyze generative AI’s effect on music, developing music-related AI principles and launching Music AI Incubator. - Partnerships with the Universal Music Group and other noted musicians aim to gather feedback on ongoing AI experiments. - Over the coming months, YouTube plans to disclose more on the developed technologies, monetization opportunities, and relevant policies. Chandrayaan-3 Set for Moon Landing; Establishes Two-Way Communication with Chandrayaan-2 Orbiter - Chandrayaan-3’s lander module has established two-way communication with Chandrayaan-2 orbiter, enhancing ISRO’s reach to the lander. - The lander is set to soft-land on the Moon’s south pole on August 23; the event will be broadcast live. - Once on the lunar surface, the lander and rover will conduct multiple investigations to enhance understanding of the lunar surface. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](