India Online Gaming GST 🎮, Zerodha Self-Valuation 💰, SpaceX Contract ✅

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 India's online gaming GST, Zerodha's self-valuation, and US Space Force awarding SpaceX. 🚀 💰 🎮 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( India to Impose 28% GST on Online Gaming from Oct 1 - The Central Board of Indirect Taxes and Customs announced a new 28% GST on online gaming starting October 1. - This follows a recent amendment in CGST Act 2017 to clarify taxation of casinos, horse racing and online gaming. - The new law will also require offshore entities offering online money gaming to register for GST in India. US Space Force Awards SpaceX’s Starshield Satellite Internet Service Its First Contract - Starshield, the defense version of SpaceX’s Starlink, secures a $70 million contract from U.S. Space Force. - The contract involves providing end-to-end service, equipment, network management, and supporting over 50 mission partners in the U.S. military. - The distinction between Starlink and Starshield services for civilians and defense customers respectively is crucial, says Elon Musk. PhonePe’s App Store: 3+1 questions [NBW Newsletter Ad]( nextbigwhat brings you curated news, product and tech trends across a range of industries. PhonePe has announced the launch of its upcoming app store (Indus), which is the result of its earlier acquisition of IndusOS. The PR so far has been about anti-Google stand. [Read]( Survey Reveals IT Professionals Deem Mac Devices More Secure - IDC survey showcases 76% of IT decision-makers holding belief in Mac’s superior security, prompting companies to adopt Mac for their IT departments. - Mac’s security features highly regarded among enterprise customers; includes device management APIs, endpoint detection APIs, built-in SSO framework, and Touch ID. - macOS noted for rapid delivery of software updates and security patches, better malware control, and end-to-end encryption for Apple services. Zerodha’s Self-Valuation Surges to $3.6B, Overshadowing Upstox and Groww - Zerodha, a stock broking firm, now values itself at $3.6B, an 80% increase from its 2021 valuation of $2B. - This makes Zerodha the highest-valued stock broking startup, ahead of Upstox and Groww, whose valuations stand at $3.4B and $3B respectively. - Zerodha’s CEO Nithin Kamath stated that the firm’s valuation is exclusively based on its annual net profits, which grew by 38.5% in FY23. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Amazon’s Bedrock generative AI service now widely available - Bedrock allows AWS customers to build and customize apps on generative AI models. - In the coming weeks, Bedrock will include Llama 2, the open source large language model from Meta. - Amazon also rolled out its Titan Embeddings model, a tool converting text to numerical representations for search and personalization applications. TheLiverDoc’s X account blocked in India after Himalaya secures court injunction - Dr. Cyriac Abby Philips’ X account was blocked in India after Himalaya Wellness Company obtained a court order. - The injunction cites Philips’ ‘derogatory comments’ on Himalaya’s products, accusing him of promoting rivals’ products. - Despite an X message indicating a global restriction, the account is accessible outside India. Google Fixes Zero-Day Vulnerability Used in Spyware Attacks - Google has promptly patched a zero-day vulnerability in Chrome used by a commercial spyware vendor. - The security gap is fixed in Google Chrome version 117.0.5938.132, now available to Windows, Mac, and Linux users. - The vulnerability, misidentified initially, links to the zero-click iMessage exploit chain, BLASTPASS, used for deploying NSO Group’s Pegasus spyware. Zapier introduces Canvas, an AI-enhanced flowchart tool, and makes Tables widely available - Zapier announced the launch of Canvas, a tool infused with AI to help users map their business processes and convert them into Zapier-based automations. - Tables, Zapier’s automation-focused database service, is now open to all users. - Canvas tool aims to let users visualize their entire workflows whether they’re connected to Zapier or not, and ultimately edit any components within the Canvas. Google Jamboard to Close Down in 2024, Shifts Focus to Other Collaborative Tech - Google announced shutting down Jamboard, their 55-inch 4K touchscreen whiteboard, in 2024. - Google partners with FigJam, Lucidspark, and Miro for digital whiteboard functionality, while focusing on Docs, Sheets, Slides collaboration. - Migration plan involves integrating whiteboarding apps into Series One devices, offering data migration, and compensating educational institutions for their Jamboards. Medium Moves to Block AI Scraping; Indicates Potential Media Coalition - Medium announces its plans to join media outlets like CNN and The New York Times in blocking AI scrapers from OpenAI. - CEO Tony Stubblebine believes online content is exploited without writer consent and compensation, urging for fair-use resolutions in AI era. - Stubblebine hints at a possible media coalition to combat AI scraping, though highlights the complexities involved in IP issues and industry partnerships. AI-assisted search feature extended to US teenagers by Google - Google’s Search Generative Experience (SGE) now accessible to 13-17 year-olds after positive feedback from 18-24 year-olds. - Stronger safeguards implemented to prevent harmful content, with continual modifications based on expert advice. - Enhancements aim to clarify AI decision-making process and improve quality and safety of generated content. Chinese scientist disputes India’s Chandrayaan-3 lunar pole landing claim - Ouyang Ziyuan, Chinese scientist, asserts that Chandrayaan-3’s landing is not near the moon’s south pole. - He cites the landing site at 69 degrees south, arguing the pole is defined between 88.5 and 90 degrees. - This follows previous Chinese observations diminishing India’s lunar achievement and noting China’s advanced space capabilities. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](