ISRO Rocket Launch 🚀, Jio-Disney+ Media 🤝, Unacademy FY23 📈, MobiKwik IPO 📈

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to the NextBigWhat Daily News! Today's headlines include ISRO's upcoming rocket launch, Jio and Disney+'s media business plans, Unacademy's FY23 report, and MobiKwik's IPO plans. 🚀💰⚡️ Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( ISRO to launch GSAT-20 satellite using SpaceX’s Falcon 9 rocket - Indian Space Research Organisation (ISRO) will use SpaceX’s Falcon-9 rocket to launch its heavy communication satellite GSAT-20, marking the first time ISRO has utilized SpaceX’s services. - The GSAT-20 satellite, which weighs about 4,700 kg, will enable high-speed internet services across India, including in-flight internet services and connectivity in rural and remote areas. - The launch has been facilitated by NewSpace India Limited (NSIL), ISRO’s commercial arm, which entered into a launch agreement with SpaceX last year. Reliance Jio and Disney+ Hotstar plan to form India’s biggest media business - Reliance Jio and Disney+ Hotstar have signed a non-binding term sheet for a merger, with a 51:49 split favoring Jio. - The merger aims to create India’s largest media and entertainment business, with completion expected by February. - The merger follows Disney+ Hotstar’s loss of Indian Premier League streaming rights to JioCinema, a Reliance Industries venture. Transform your 2024 : Build winning habits ! [NBW Newsletter Ad]( 50% Launch Discount ! Win your 2024 🚀 "Show me your habits and I'll show you your future" Reset and Build Better Habits for 2024​! 21-days email based course, No app to download 😎 [Enroll 👊]( Unacademy reports FY23 income of Rs 1,044 Cr, reduces losses by 39% - Unacademy’s revenue grew by 26.15% in FY23, with operating revenue reaching Rs 907 crore, largely from course subscriptions. - Effective cost management, including a 32.6% reduction in advertising costs, helped reduce losses by 39.45% to Rs 1,004 crore. - CEO Gaurav Munjal revealed the company has Rs 1,800 crore in the bank, with a runway of four years, expected to double by next year. Zuckerberg offloads nearly $428 million in Meta shares over two months - Mark Zuckerberg sold approximately 1.28 million Meta shares between November and December, netting around $428 million. - This marks his first sale of Meta shares since November 2021, following a 194% rebound in the company’s share price. - Tech peer Marc Benioff also sold shares daily in the latter half of 2023, unloading over $475 million worth of Salesforce Inc. shares. Be the smartest thinker in the room with BigIdeas app (delivers bite-sized ideas from world's best podcasts, books.) [App Store]( [Google Play]( MobiKwik plans to raise Rs 880 Cr via IPO in second attempt - Digital payment firm MobiKwik is preparing to raise Rs 880 crore through a fresh issue of equity shares in a public offering. - This is the company’s second attempt at an IPO, after abandoning a previous attempt due to weak market conditions. - MobiKwik’s board has passed a resolution to issue Rs 880 crore worth of shares, with the firm set to file another draft red herring prospectus with the Securities Exchange Board of India and the Registrar of Companies in the coming weeks. Microsoft’s AI app Copilot debuts on Android and iOS platforms - Microsoft’s AI app, Copilot, previously known as Bing Chat, has been launched on Android and iOS, offering users access to AI-generated responses and creative tools. - The app, powered by GPT-4 and DALL·E 3, has been downloaded over 1.5 million times worldwide since its holiday season launch. - The mobile launch follows the app’s availability on the web, as Microsoft aims to offer Copilot as a standalone service and expand its reach. Twitter/X reintroduces and then removes miniature headlines on link previews - Twitter/X reintroduced tiny headlines to link previews, only to remove them again due to negative public response. - The headlines were displayed as white text on a black box, replacing the website name, but were criticized for being too small. - The change was only implemented on the web, with plans to expand to the iOS app, while the Android app retained the original format. AI-generated false murder report causes stir in New Jersey town - Bridgeton police debunked an AI-generated news article about a non-existent Christmas Day murder. - The article, now deleted, was published on NewsBreak and did not have an author, but included a disclaimer about potential AI errors. - The incident highlights the issues with AI-generated content, which can spread misinformation and erode public trust in media. Crypto losses dropped by over 50% in 2023, says CertiK report - Security incidents in the crypto industry led to nearly $2 billion in losses in 2023, a 51% decrease from 2022. - Ten major incidents, including the Mixin and Euler Finance hacks, accounted for $1.11 billion of these losses. - CertiK’s report also noted a significant decline in crypto hacks and scams during weekends in 2023. Xerox announces 15% workforce reduction amid restructuring - Xerox plans to lay off 15% of its workforce, affecting approximately 3,075 employees. - The company’s restructuring strategy includes simplifying its core print business, increasing global business efficiency, and enhancing focus on IT and digital services. - The layoffs, part of a new organizational structure and operating model, will be implemented this quarter. Google’s AI-enhanced Assistant with Bard nearing completion, code analysis indicates - Google’s Assistant with Bard, an AI-enhanced version of the existing Assistant, is nearing completion according to a code analysis by 9to5Google. - The new Assistant will be prominently featured on the Discover page of the Google Search app, and users will be encouraged to upgrade. - The Assistant with Bard is designed to be accessed in the same ways as the existing Assistant, and it will be interesting to see how it integrates with the Android Operating System and Pixel Launcher. Intel launches Articul8 AI, a new enterprise-focused AI software company - Intel, in partnership with DigitalBridge, has launched a new AI platform company, Articul8 AI, which is based on a proof-of-concept developed in collaboration with Boston Consulting Group. - Articul8 AI’s software product is designed to meet the needs of enterprises, offering scalability, security, and sustainability, and can be deployed on cloud, on-premises, or hybrid environments. - The launch of Articul8 AI is part of Intel’s strategy to raise capital for its expansion plans, including the development of new chip factories and advanced chip manufacturing nodes. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](