Tesla's office lease in Pune; 28% GST on Online Games to Remain 😕; Meta goes audio

Curated and summarized news for you                                                                                                                                                                                                                                                                                                                                                                                                                 [Open in app]( or [online]() [Tesla's office lease in Pune; 28% GST on Online Games to Remain 😕; Meta goes audio]( Curated and summarized news for you Aug 3   [Share](   Welcome to today's edition of the NextBigWhat Daily News! We have moved the newsletter to a new platform to serve you better. Today's top stories include Tesla's office lease in Pune, Jio's new subscribers, and Apple Card deposits surpassing $10B. --------------------------------------------------------------- Meta introduces AudioCraft, a platform for AI-generated audio - Meta has unveiled ‘AudioCraft’, an open-source framework to generate high-quality audio and music from short text descriptions. - The platform includes three generative AI models: MusicGen, dedicated to training music; AudioGen, focused on creating environmental sounds and sound effects; and EnCodec, optimizing the formation of music. [Share The 8 AM newsletter by nextbigwhat]( --------------------------------------------------------------- Tesla Signs Office Lease in Pune; Prepares for EV Manufacturing Plant in India - Tesla has agreed on a 5-year lease for a Pune-based office space, starting October 2023. - The office space agreement marks a key step in Tesla’s slow yet unfolding plans to establish an EV plant in India. - Tesla’s executives held meetings with Invest India officials, indicating further plans for expansion in the country. Elon Musk will request App Store fee reduction from Tim Cook to benefit X platform creators - Musk plans to ask Cook to lower App Store fees that X platform pays on subscriptions, intending to increase creators’ earnings. - The proposition is part of a policy adjustment wherein X keeps nothing until payout exceeds $100k, then retains 10%. - Despite Musk’s previous critiques of Apple’s App Store policies, it is uncertain whether Cook will concede to these changes. --------------------------------------------------------------- Microsoft debuts AI-based Windows Copilot in preview for Windows 11 beta users - Microsoft releases Windows Copilot, an AI-infused sidebar, in preview for Windows 11 beta testers, expected to revolutionise user interaction. - Users can activate Copilot with certain preview builds; it offers functionality such as performing basic tasks, summarizing websites, composing stories and generating AI art. - Despite a ‘controlled feature rollout’, some established Windows Insiders may not see the build immediately but the rollout will be enhanced in coming weeks. --------------------------------------------------------------- AI use in cancer screening halves radiologists’ workload without increased risk - AI-assisted mammogram screenings simultaneously maintain cancer detection rates and significantly lower radiologist screen-reading workload. - The study, conducted by Lund University, involved over 80,000 Swedish women and showed AI screenings detected 41 more cancers than conventional methods. - Interim results inform future trials addressing radiologist shortage; however, confirmation of AI’s readiness for widespread use in mammography screening still needed. --------------------------------------------------------------- Apple Card’s high-yield Savings Account managed by Goldman Sachs surpasses $10B in deposits - Savings account has 4.15% APY, 97% of users auto-deposit Daily Cash, and offered by Goldman Sachs. - Balances are FDIC protected, users earn up to 3% cash back on purchases, no fees or minimum requirements. - Account set up and management is via Apple Card in the Wallet app, with a Savings dashboard to track balance and interest. [Share]( --------------------------------------------------------------- Elon Musk’s X streamlines Community Notes, its crowdsourced fact-checking feature - X, owned by Elon Musk, will now remove detailed explanations on how Community Notes work for users familiar with it. - Detailed explanations will continue for new users, conforming to a ‘progressive onboarding’ approach. - The move reflects the growing understanding among users about the fact-checking process, originally launched as Birdwatch in 2022. --------------------------------------------------------------- Twitter’s Rebrand to ‘X’ Resulting in One-Star Reviews on App Store - Many App Store users express frustration over Twitter’s rebranding to ‘X’, leading to a surge in 1-star reviews. - Despite negative feedback, worldwide installs of ‘X’ have grown by 20% week-over-week since the rebrand, with a 3-4% increase in weekly user growth. - However, time spent per user has decreased by 7% and daily sessions per user fell by 6%, potentially due to user dissatisfaction with the changes. --------------------------------------------------------------- Reliance Jio adds highest number of subscribers in May: TRAI - Reliance Jio increased its subscriber base by 4.9 million in May, more than doubling Bharti Airtel’s net additions of 2.4 million. With a decrease of 2.8 million subscribers, VIL continued to lose subscribers. - While Jio’s monthly subscriber additions remained constant at 3 million, Bharti’s increased to 1.3 million. Vodafone Idea Limited continued to witness subscriber losses. --------------------------------------------------------------- 28% GST on Online Real-Money Games to Remain, Review Possible in Six Months - The GST Council decided to uphold the contentious 28% tax rate on online real-money games. - Implementation starts from October 1, with a potential review of the taxation structure after six to eight months. - Many investors and startups have strongly opposed the decision, suggesting it could render the real-money gaming business model unviable.DID --------------------------------------------------------------- DID YOU KNOW? 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