Digital Rupee 💰, Crypto Regs 🔑, ISRO Manoeuvre ✅

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 the RBI's plans for a digital rupee, India's crypto regulations, and ISRO's successful manoeuvre. 🤖 💸 💻 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Reserve Bank of India Prepares to Initiate Wholesale Digital Rupee in Call Market - RBI aims to implement the wholesale Central Bank Digital Currency (CBDC), also known as the Digital Rupee-Wholesale (e-W), in the call money market within a month. - Nine specific banks have been chosen for this pilot CBDC project. - Other digital initiatives by RBI, including CBDC, UPI One World, and Bharat Bill Payment System, are showcased at the G20 Summit. Freelance AI Expert Jobs Skyrocket on Platforms Like LinkedIn, Fiverr - Demand for AI expertise in the freelance job market has drastically increased due to the rise of generative AI, shifting the tech job market. - Data from Indeed shows a 250% increase in generative AI-related job posts from July 2021 to 2023 while LinkedIn saw a 25% monthly increase in gen AI keywords. - Skills, abilities, and experience in AI technologies are more sought after due to a lack of AI skills in existing industry professionals, creating opportunities for freelancers. 7 Best Places to Visit in Indonesia [NBW Newsletter Ad]( TAKE A LOOK AT INSIGHTFUL VISUAL STORIES ON NEXTBIGWHAT Indonesia is home to many bizarre locations, which when combined offer a variety of bizarre island delights and terrifying adventures. [Check out]( AI-powered Brain Implant Restores Speech in Paralyzed Woman - Paralyzed stroke survivor Ann Johnson regained her speech after almost 20 years thanks to a pioneering AI-driven brain implant. - The groundbreaking neurotechnology uses AI to decode brain signals and transform them into speech and facial expressions via a digital avatar. - Johnson’s communication speed improved from 14 to almost 80 words per minute with the implant, despite ongoing controversies and ethical concerns about neurotechnology. Meta Initiates Development of Enhanced AI System Amid Tightened Tech Competition - Meta to start training an advanced AI system. - The AI system, a ‘large language model’, to be trained in early 2024. - Development marks a response to escalating technology race. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Uber Explores Launching TaskRabbit-like Service Codenamed ‘Chore’ - Uber is reportedly developing ‘Chore’, a new service for hiring ‘taskers’ for various jobs, similar to TaskRabbit. - Users will be able to specify task details, duration and location, but minimum time paid for is one hour. - The service expansion follows other recent Uber initiatives such as Carshare and a toll-free scheduling number. Virtual Reality Proves Valuable in Healthcare Training and Treatment Despite Cost Barriers - Meta’s VR technology has been effectively used in surgical training and pain treatment, improving outcomes and reducing risks. - The technology, spinning out cost and utility advantages, has been adopted by medical schools and residency programs as a mandatory element of curriculum. - Despite potential, issues such as high costs of deploying the technology, and need for constant updates in line with standards of care, pose hurdles, alongside regulatory aspects. India Delays Crypto Regulations Awaiting International Discussions - India defers domestic crypto regulations until international discussions at the G20. - G20 leaders have welcomed the IMF-FSB Synthesis paper and ongoing discussions on implementing these regulations. - Further discussions expected at the upcoming G20 finance ministers and central bank governors meeting in Morocco. Apple developing MagSafe battery pack with stackable feature - Apple plans to transition all of its accessories to USB-C within next year. - A new version of the MagSafe Duo with USB-C and an updated MagSafe stackable battery pack are in the pipeline. - Gurman also reports on iPhone 15 series with lighter and more durable titanium build, but warns it is more prone to dents. IMF Deputy Director Discusses Crypto Regulation and Indian Economy Growth at G20 Summit - IMF and Financial Stability Board join forces to regulate crypto assets, stressing no legalization as legal tender and consistent rules for issuers. - G20 leaders call for quick implementation of the Crypto-Asset Reporting Framework, aiming for more transparency and regulation in the crypto market. - IMF’s Gita Gopinath projects over 6% growth for the Indian economy this fiscal year, highlighting the necessity of structural reforms. AI Development Causes Surge in Water Consumption, Raising Environmental Concerns - To develop AI systems like ChatGPT, Microsoft and OpenAI use large amounts of water for cooling data centers in Iowa. - Microsoft’s global water consumption rose 34% from 2021 to 2022 due to AI research, with AI ChatGPT estimated to utilize 500ml of water per 5 to 50 prompts. - Microsoft and OpenAI are researching ways to measure AI’s energy and carbon footprint, aiming for improvements in efficiency and setting sustainability goals for 2030. ISRO’s Aditya L1 Conducts Successful Third Earth-bound Manoeuvre - Aditya L1, India’s solar mission satellite, successfully performed its third earth-bound maneuver. - The satellite is on scheduled for its fourth manoeuver and is to reach a stable orbit around the Lagrange Point 1 (L1). - This strategic placement will allow continuous monitoring of the Sun and predict solar activities with reduced need for frequent orbital maintenance. HSBC bank introduces ‘ONDC in a Box’ in India - With this launch, HSBC India makes history as the country’s first foreign bank to provide an ONDC-enabled product. ‘ONDC in a Box’ is a one-stop-shop proposition for corporates towards seamless enablement on ONDC. - In addition to front-end applications like the buyer app, seller app, reconciliation service provider, and issue and grievance management, the ecosystem partner’s proposal also contains ONDC modules. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](