IBM Expands 🎓, Tesla Sourcing 💰, Musk Violates 🚨

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 IBM's expansion in India, Tesla sourcing $1.9B from India, and Elon Musk violating Twitter policies. 🤔🚨💰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Alphabet Reduces Global Recruiting Team Amid Continuing Hiring Slowdown - Alphabet is reducing its global recruiting team, but will retain majority for hiring critical roles. - The tech giant earlier cut around 12,000 jobs including recruitment and engineering teams. - This move makes Alphabet the first ‘Big Tech’ to lay off employees this quarter after others downsized due to a weak economy. Adobe Rolls Out Firefly Generative AI to All Creative Cloud Subscribers, Increases Subscription Prices - Adobe’s Firefly Generative AI tool, earlier in beta testing, officially released for all Creative Cloud users. - Adobe will include ‘fast’ Generative Credits with its Creative Cloud, Firefly, and Express plans, allowing subscribers to generate image and vector content. - Adobe subscription fees expected to rise by roughly 10% from Nov 1, 2023, for regions including North and South America, and Europe. 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]( US Justice Department Alleges Elon Musk Violated Twitter’s Privacy Policies - The U.S. Department of Justice (DoJ) accuses Elon Musk of breaching a court order by failing to implement a requisite privacy and data security program following his takeover of Twitter. - The DoJ’s filing indicates Musk’s changes to Twitter raised doubts about the company’s compliance with the FTC’s security requirements, with accusations his measures violated privacy and security practices. - In defense, Twitter has sought a federal court dismissal of the FTC’s order and argued that Musk should not have to testify; however, these requests are being contested. Twitter Accused of Ignoring 86% of Hate Speech Posts, Researchers Argue - A research by the Center for Countering Digital Hate (CCDH) found that Twitter failed to act against 86% of hate speech posts. - Despite posts containing holocaust denial, Nazi glorification, and white supremacy, Twitter allowed them to remain, only locking three accounts. - In response, Twitter criticized the CCDH’s findings, promising further action as required after reviewing the full report. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( EU plans to unlock supercomputers for ‘responsible’ AI startups for model training - The European Union (EU) intends to allow startups to access its high performance computing (HPC) supercomputers but with a condition of AI governance. - The plan builds on an existing policy which offers industry access for ethical and responsible AI startups. - EU president, Ursula von der Leyen, voiced AI-related risks during her State of the Union address and stressed on guiding technology responsibly. WhatsApp Rolls Out Broadcast Tool ‘Channels’ in India and 150+ Countries - WhatsApp Channels allows users to receive private updates from organizations, artists, and sports teams. - Channels provides privacy by separating it from chats and maintaining follower anonymity. - Indian sports teams and celebrities among the first to launch their Channels. AI tool for enhanced product listings introduced by Amazon - The AI tool assists sellers in creating product page content using keywords or descriptive sentences. - Unveiled at Amazon Accelerate, the tool is expected to boost visibility in the competitive marketplace. - Amazon plans to incorporate more AI tools into various business aspects, supporting the success of more sellers. IBM Expands Operations and Skilling Programs in Emerging Cities of India - IBM extends its presence beyond metropolitan cities in India, opening software labs and delivery centers while partnering with universities. - IBM emphasizes skilling initiatives in remote areas including Nagaland and Andhra Pradesh, fostering talent via various projects like designing drones and coding. - IBM focuses on STEM education, developing AI curriculum for schools, and offering over 1000 courses in AI, Cloud, Data Science, and Security through its SkillsBuild programme. Matrimony startup Betterhalf initiates second ESOP buyback - Betterhalf’s second ESOP program to benefit 29 current and former employees. - Start-up boasting $500,000 monthly revenue and having aided 100 weddings since 2016 launch. - Raised $8.5 million in a Series A round in March from various investors. Tesla plans to source parts worth $1.9B from India: Piyush Goyal - “Tesla last year already bought $1 billion worth of components from India. This year, their target is $1.7-$1.9 billion,” said Union Minister of Commerce and Industry Piyush Goyal. - A new EV that Tesla plans to create would cost around Rs 20 lakh, making it around 25% cheaper than its present entry-level model. Stability AI Launches Commercial AI Music Generator, Stable Audio - Stability AI has released Stable Audio, an AI-powered tool capable of creating high-quality music for commercial use through a technique called latent diffusion. - Unlike the previously released Dance Diffusion model, Stable Audio was developed by the audio team at Stability AI and the Harmonai research organization and affords more control over generated audio. - Despite facing criticisms, Stability AI plans for Stable Audio to generate revenue with a $11.99 per month Pro tier, allowing users to commercialize up to 500 tracks every month. Bombay HC stays Singapore court’s anti-suit injunction against Shaadi.com CEO Anupam Mittal - An anti-suit permanent injunction ruling issued by the High Court of Singapore against Shaadi.com founder and CEO Anupam Mittal was recently granted an interim stay by the Bombay High Court. - Mittal had been prohibited by the Singapore High Court from filing a suit with the National Company Law Tribunal (NCLT) in Mumbai alleging corporate retaliation by Westbridge Ventures II Investment Holdings. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](