Indian Fintech 🤝, Cyberattacks Rise 📈, Snapchat Safety 🛡

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 Indian Fintech Self-Regulation 🤝, Cyberattacks Rise 📈, and Snapchat Safety Measures 🛡. 📰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( IBM Introduces New Generative AI Models and Tools on Watsonx Data Science Platform - Called the Granite series models, IBM’s latest large language models are designed for text summarization, analysis, and generation with specialized subsets in various domains. - IBM’s Tuning Studio allows Watsonx users to tailor AI models to their data and another upcoming feature is a synthetic data generator for tabular data. - In Q4 2023, IBM will launch new generative AI capabilities in Watsonx.data, a self-service chatbot-like tool for data exploration and analysis, alongside a vector database capability for retrieval-augmented generation. PayPal Introduces Apple Pay Support for Its Credit and Debit Cards - PayPal now offers Apple Pay support for PayPal-branded credit and debit cards. - The option to add these cards to Apple Wallet is now accessible via the PayPal app or directly through Apple Wallet. - Subsidiary of PayPal, Venmo is also expected to extend Apple Pay support to its cards, but this cannot be confirmed currently. Stick Together: A Simple Lesson to Build a Stronger Team - Jon Gordon and Kate Leavell (Book Summary) [NBW Newsletter Ad]( SAVE TIME. GET KEY IDEAS FROM THE BOOK ON ATOMICIDEAS The authors guide individuals and teams on an inspiring journey to show them how to persevere through challenges, overcome obstacles, and create success together. [Get it]( Honda to Adopt Tesla’s North American Charging Standard from 2025 - Honda will implement Tesla’s North American Charging Standard (NACS) for EVs sold in North America from 2025. - Honda is also part of a coalition to build a high-voltage charging network across North America. - Joining other automakers, Honda’s adoption of NACS means customer access to Tesla Superchargers. Snapchat Introduces Enhanced Teen Safety Measures and Crackdown on Inappropriate Content - Snapchat announced new security measures, including more stringent contact and search controls for minors and a three-strike system for inappropriate content. - Snap is launching resources to aid parents, including a website and a YouTube series explaining how to use parental controls. - These initiatives come after criticism over inappropriate content and the platform’s use by drug dealers; however, efficient enforcement of these new policies remains a challenge. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Indian Fintech Start-ups Respond Positively to Central Bank’s Call for Self-Regulation - RBI Governor Shaktikanta Das’s initiation for the establishment of an SRO (Self-Regulatory Organisation) is welcomed by fintech start-ups, foreseen to improve ethical standards and sector competitiveness. - Fintech firms highlight that such a body will be beneficial to overall sector growth, enabling them to balance safeguarding customers with innovative solutions. - Concerns persist regarding balancing profitability with a customer-centric approach, compliance costs, and the need for clarity on the impartiality of the proposed SRO. Anthropic introduces Claude Pro, a premium subscription AI-powered chatbot - The startup, co-founded by ex-OpenAI employees, offers ‘5x more usage’, more messages and priority access for a monthly fee of $20. - Paid users can send up to 100 messages to Claude 2 every eight hours, compared to a 50-message-per-three-hour limit for OpenAI’s ChatGPT Plus. - Anthropic’s aim is to develop a self-teaching algorithm to power assistants for tasks like answering emails and generating art, and has raised $1.45 billion to date. Retool launches tools for constructing AI-based applications - Retool has introduced new tools to aid users in building AI apps, including a hosted vector store. - The vector store allows businesses to add context to large language models and overcome obstacles in creating custom AI applications. - In partnership with OpenAI, Retool has also launched AI-based actions for common use cases and integrated these into Retool Workflows. Google Likely to Include Emoji Reactions in Gmail - Google is potentially adding an emoji reaction feature to Gmail. - This feature, already available in some apps like Microsoft Outlook, could be tested in a limited capacity before a broad rollout. - Restrictions will be placed on this new feature, including caps on the number of reactions and unique emojis per message and unsupported reactions in large group threads. Pinterest Introduces AI to Promote Diverse Beauty Standards - Pinterest has developed AI that emphasizes diverse body types and skin colors in its search. - Powered by machine learning, the inclusive algorithm is live on fashion, makeup, and wedding pins in select countries. - Head of Inclusivity Annie Ta said the move will inspire users, secure advertisers, and expand the platform’s user base. Indian Government Sees 50% Rise in Disruptive Cyberattacks Despite Increased Cybersecurity Budget, says Palo Alto Networks. - The survey indicates a 75% increase in India’s cybersecurity budget allocation for 2023, yet it also shows the highest number of disruptive cyberattacks. - 67% of the Indian government and essential service entities reported over 50% surge in disruptive attacks. - The study also highlights heightened risks in various sectors, including manufacturing and transport, with 95% of business Surveyed transitioning to automated security stacks. Foxconn Collaborates with STMicroelectronics to Establish Chip Plant in India - Foxconn and STMicroelectronics seek state backing for a 40-nanometer chip plant. - This comes following Foxconn’s withdrawal from the Vedanta joint venture. - Foxconn aims to leverage STMicorelectronics’ expertise to flourish in the complex yet profitable semiconductor industry. Karnataka Government Considers 28% GST on Real-Money Online Gaming - Karnataka government is planning to introduce a 28% GST on real-money online gaming, following the GST Council’s amendments to the CGST Rules, 2017. - The amendments, coming into effect from October 1, will be reviewed six months post-implementation. - Critics, including the state’s IT Minister and gaming federations, express concerns over the government’s inability to differentiate between games of skill and chance, warning of potentially harmful industry impacts. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](