UPI 10B 🤯, Ola Joins 🔗, India Cyber Threats 🛡️, Amazon Sued ⚖️

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 UPI surpassing 10B monthly transactions, Ola joining Open Network, India's vulnerability to cyber threats, and Amazon being sued. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( UPI Surpasses 10 Billion Monthly Transactions Mark - Unified Payments Interface (UPI) hit over 10 billion transactions in one month, a first in 7 years. - PhonePe remained the market leader in UPI transactions in terms of volume in July, with more than 47% share. - RBI and NPCI’s introduction of UPI Lite has encouraged digital payments, upping offline transaction limit from Rs 200 to Rs 500. Ola Plans to Join Open Network for Digital Commerce, Says CEO - Ola CEO Bhavish Aggarwal announces intention to join ONDC, a supportive platform for various e-commerce sectors. - Currently, ‘Namma Yatri’ is the only mobility sector player on ONDC, gaining success via a zero commission model. - Scholar speculation suggests Ola could fit in either as a mobility sector entity or as a logistics provider for fast local deliveries. James Clear, Atomic Habits — Simple Strategies for Building (and Breaking) Habits | Podcast Summary [NBW Newsletter Ad]( SAVE TIME. GET KEY IDEAS FROM THE PODCAST ON ATOMICIDEAS James Clear is a writer focused on habits and continuous improvement. He is the author of the #1 New York Times bestseller Atomic Habits, which covers easy and proven ways to build good habits and break bad ones. [Get it]( Malwarebytes Announces 100 Layoffs and Corporate Restructuring - Malwarebytes disclosed it cut 100 jobs in preparation for a restructure leading to its bifurcation into consumer and corporate-facing units. - CEO Marcin Kleczynski denied sale intentions, clarified leadership changes, and cited ‘rationalizing expenditures’ as reasons behind layoffs. - The announced split, which hasn’t been previously disclosed, will be finalized in the coming weeks. Amazon under lawsuit for alleged lack of diligence in awarding Project Kuiper launch contracts - Amazon shareholders filed a lawsuit accusing the company of hastily approving contracts for Project Kuiper, particularly to Jeff Bezos’ Blue Origin, without due consideration. - The plaintiffs were surprised that prominent launch company SpaceX wasn’t considered for the launch contracts. - Amazon has yet spent about $1.7 billion on launch contracts with nearly 34% of it going to Blue Origin. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( X, formerly Twitter, to Collect Biometric and Employment Information - Company X will start collecting biometric data and users’ employment history beginning September 29, for safety, security, and identification purposes. - The biometrics are for premium users who are also given the option to submit a government ID for additional verification. - This decision is reportedly linked to X’s new hiring initiative, turning X into an “everything app.” Meta Tests Suggested Threads Carousel on Instagram to Boost Engagement - Meta tests a carousel of suggested Threads posts on Instagram to increase user engagement. - Among earlier initiatives: a ‘Send to Instagram DM’ button on Threads, and the introduction of Threads on the web. - The company is also planning to let users search for posts on Threads, initially rolling out in Australia and New Zealand. USCO Solicits Public Input On AI Content Ownership - The US Copyright Office (USCO) is seeking public opinions on generative AI and ownership of its outcomes. - Key questions include the degree of human participation needed for copyrighting AI-generated content and handling AI-created works that mimic human artistry. - USCO is also exploring copyright claims against AI companies training on copyrighted works; the consultation period lasts until November 15th. OpenAI Proposes New Uses for ChatGPT in Education Amid Controversy - OpenAI wants to extend the use of ChatGPT, a controversial tool often misused by students for plagiarism, into classrooms for other constructive purposes. - Proposed uses include language translation, formulating test questions, and instilling critical thinking in students about AI-generated answers. - Recommendation suggests students should show drafts and conversations with AI models to demonstrate they are not blindly trusting AI generated information. SemiAnalysis Blog Claims Google’s Gemini AI Outperforms OpenAI’s GPT-4, Sparks Outrage - Bloggers Dylan Patel and Daniel Nishball claim Google’s yet-to-be-unveiled AI, ‘Gemini’, vastly outperforms OpenAI’s GPT-4. - OpenAI’s CEO, Sam Altman, counters the analysis, triggering heated online debates on AI’s performance metrics. - Though the debate remains unresolved, it sheds light on the ongoing rivalry in the ever-evolving AI research and development arena. China approves first batch of AI-language service applications - China has granted approval to eight generative AI applications including Baidu’s Ernie Bot and ByteDance’s Doubao. - The applications have to be registered with China’s cyberspace authority and comply with new AI regulation laws. - The approval could result in rapid growth of AI-chatbots, as proven by Baidu’s Ernie Bot’s success. India Third Most Vulnerable to Cybersecurity Threats, Finds Trend Micro Report - India follows USA and Brazil as the countries most affected by cybersecurity risks in H1 2023. - USA, China, Netherlands, France, and Russia had highest email threats, while desktops and laptops recorded most inbound attack detections. - Adobe, Apple, and Microsoft topped vendor vulnerability count; 1.63 crore high-risk email threats, with mainly PDF attachments, were identified. Biker hackled ISRO scientist in the middle of a road in Bengaluru - An ISRO scientist named Aashish Lamba posted a video of a man who kicked his car after stopping his scooter in the middle of a busy road. - Lamba, 29, accused the man of riding the two-wheeler carelessly and stopping in front of his automobile, prompting Lamba to stop the car and call the police. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](