India Cross-Border 🌐, TCS Hybrid Work 🚫, Nvidia Investigation 🕵️‍♂️

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 efforts to lower cross-border payments, TCS ending hybrid work arrangements, and Nvidia under investigation in France. 🤔 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( X, Formerly Twitter, Has Paid $20M to Creators, Claims CEO - Payments began July, initially totaling $5M, suggesting more creators have joined the platform or ad impressions increased. - Eligibility for creators includes subscribing to X Premium, having 500+ followers, and 5 million tweet impressions over three months. - This shift to incentivize creators changes Twitter’s initial difficulty in converting followers into profits. India Pursues Lower Cross-Border Payment Costs Through International Cooperation, Central Bank Digital Currency - RBI Deputy Governor T Rabi Sankar discusses the high cost of global remittances, calling for a technologically viable solution. - India is negotiating with more jurisdictions, exploring the central bank digital currency (CBDC) as a potential solution to bring down cross-border payment costs. - Sankar stressed the need for international cooperation to implement these changes, but also warned of the risks private digital currencies pose for emerging economies. 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]( Bombay High Court’s Ruling on Controversial Fact Check Amendment Expected on December 1 - The fact check amendment empowers the government to flag potentially incorrect online information, leading to concerns about censorship and infringement on free speech. - Governments’ notice is advisory and intermediaries can choose to act or ignore, albeit risking loss of safe harbour protections. - Petitioners criticize this proposed structure, alleging potential self-censorship amongst intermediaries and ensuing effects on online free speech. Telecom Regulatory Authority of India Seeks Industry Feedback on Boosting 5G Adoption - Trai released a paper to encourage feedback on policy hurdles to faster 5G adoption for businesses. - The initiative aims to promote AI, IoT and other technologies to accelerate automation via effective ecosystem collaboration. - The tension between telcos and large enterprises over 5G spectrum allocation has previously hamstrung progress. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( TCS to End Hybrid Work Arrangement from October; Fears Rise of Traffic Jams and Employee Turnover - Tata Consultancy Services (TCS) reportedly ending its hybrid work policy on October 1, rousing fears of increased traffic and high attrition. - TCS management has been urging employees to return to office full-time, although flexibility will be retained where needed. - Observers predict high staff turnover if TCS ends WFH arrangement, with attrition rates among women already surpassing those among men. OpenAI CEO Sam Altman Envisions Replacing Ordinary Workers with AI - Altman refers to ‘median human’ as an entity an artificial general intelligence (AGI) would replace. - The notion of replacing average jobs with AI has raised concern, labelling it as dehumanizing and vague. - Altman has been critiqued for equating human intelligence to AI performance, which is seen as a problematic assertion. Apple Invests in AI Development, Increases UK-Based Hiring - CEO Tim Cook confirms hiring in the UK for development of generative AI. - Apple’s AI inclusion prevalent in features like Crash Detection, Afib detection, ECG functionality and predictive typing. - Apple’s move into AI aligns with trends by tech companies like Google, Microsoft, OpenAI and Meta. Nvidia under Investigation in France Over Alleged Anti-competitive Practices - French authorities raided Nvidia offices on suspicions of anti-competitive behavior, following a market study on the cloud sector. - The inquiry into Nvidia comes as the firm recorded a soaring 101% revenue increase to $13.5 billion, driven by sales of AI processors to tech giants like Microsoft and Amazon. - Although the Autorité de la concurrence can’t confirm guilt at this stage, it aims to ensure large players don’t stifle the growth of smaller, emerging companies. iOS 17 update includes new recurring payments and auto reload features in Wallet app - iPhone users can set up recurring payments using Apple Pay for transfers to friends and family. - Apple Cash now supports auto-reloading to maintain a balance. - Apple is educating users on these enhancements in an ongoing informational campaign. LVMH CEO Bernard Arnault Investigated Over Alleged Money Laundering - Arnault is suspected of using Nikolai Sarkisov as an intermediary for property purchases. - Arnault allegedly paid Sarkisov €20m for assets, amidst the allegation of masking funds origin. - Despite the investigation, LVMH shares rose 1.83% on Friday. AI a transformative force in geopolitics, says Political Scientist Ian Bremmer - Artificial Intelligence (AI) will impact geopolitics and globalization, potentially fostering a new global middle class while posing risks like hacking. - Global leaders are working to understand and regulate AI technology, an effort that involves collaboration between governments, tech companies, and scientists. - Bremmer proposed creating an intergovernmental panel and ‘geo-technology stability board’ for global AI oversight, stressing the need for collaborative, not competitive, approaches to AI regulation. 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. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](