Walmart Vision 🔮, Lenskart Investment 💸, Gates-Xi Meeting 🤝

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 Walmart CFO envisioning $100bn Indian enterprises, Lenskart securing a $100M investment, and Bill Gates meeting Chinese President Xi Jinping. 🤝 💰 🇨🇳 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( One-man gaming startup Wargraphs acquired by MOBA Networks for $54M 🌎 GlobalTech - Wargraphs created Porofessor, a popular companion app for League of Legends. - Acquisition includes up to €50 million, based on earnings and growth targets. - MOBA Networks aims to expand Wargraphs products to Asia and provide analytics for more titles. Alphabet Warns Employees About Chatbot Usage 🤖 AI - Alphabet urges staff to avoid entering confidential materials into AI chatbots like Bard. - Human reviewers may read chats, and AI may reproduce absorbed data, posing a leak risk. - Alphabet advises engineers against directly using computer code generated by chatbots. frAIday: showcasing best of AI innovation from India! [frAIday] Calling AI ProductGeeks: Show the world what you are building. Here's an exclusive opportunity to highlight your product to a vibrant virtual gathering of 100+ people, including engineers, early adopters, founders, and investors. [Apply now]( English is the most powerful programming language, according to Google Cloud AI VP 🤖 AI - June Yang highlights Google’s efforts in understanding simple language prompts. - Google focuses on education and collaboration in AI industry. - Responsible AI is a ‘living constitution’ in Google, governing guidance and best practices. Walmart CFO Envisions Flipkart, PhonePe as $100bn Indian Enterprises 🇮🇳 IndiaTech - Walmart CFO John David Rainey believes Flipkart and PhonePe could reach $100bn valuations. - Flipkart reported double-digit sales growth with a boost in advertising and new shoppers. - PhonePe holds a 46% market share with a $1tn annualised payment value and 400 million registered users. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Bill Gates to Meet Chinese President Xi Jinping During China Visit 🌎 GlobalTech - First meeting between Gates and Xi since 2015; details of discussion unknown. - Gates in Beijing to meet partners working on global health and development challenges. - This marks President Xi’s first meeting with a foreign private entrepreneur in recent years. Meta Platforms Introduces I-JEPA, AI Model for Enhanced Image Analysis 🤖 AI - Meta Platforms allows researchers access to new ‘human-like’ AI model, I-JEPA. - I-JEPA utilizes background knowledge, resulting in improved accuracy and mitigating common AI errors. - Meta’s open-source research approach aims to foster innovation, identify vulnerabilities, and reduce costs. Lenskart Secures $100M Investment from ChrysCapital 🇮🇳 IndiaTech - Investment brings total capital infusion to around $850M in the past year. - Funding to support growth plans and global eyewear market expansion. - Lenskart shifts manufacturing to India, operates 2,000 stores across 10+ countries. OpenAI Trains AI Models Using Data Scraped from YouTube 🤖 AI - OpenAI reportedly used data from Google-owned YouTube to train its AI models like GPT-4. - YouTube, a massive source of imagery, audio, and transcripts, bans external use of content. - While Google develops its Bard chatbot, OpenAI introduces function calling in its new GPT-3.5-turbo and GPT-4 models. Agents claim to secure a BITS Pilani BTech seat for Rs 20 lakh by solving the BITSAT exam for you. 🇮🇳 IndiaTech - Conversations with the three agents – or solvers’ gangs – over the past few weeks have shown that they claim to either own or have arrangements with exam centre owners; most ask for a location in Delhi-NCR; and they claim to solve papers promising specific scores. - One agent told the reporter that the cost for a BTech Computer Science seat at BITS Pilani was Rs 20 lakh. Twitter Evicted from Colorado Office Over Unpaid Rent 🌎 GlobalTech - Judge orders Twitter to vacate Boulder office by end of July due to unpaid rent. - Company used $968,000 letter of credit for payments, but failed to pay after credit ran out. - Twitter faces other lawsuits, including non-payment to cleaning services and former employees. Influencers surpass journalists as news sources on younger-skewing platforms 🌎 GlobalTech - Influencers lead news discussion on TikTok, Snapchat, and Instagram. - Journalists remain prominent on Facebook and Twitter for news-related content. - Younger audiences consume more news through social platforms like TikTok and Snapchat. Samsung India unveils largest premium experience store in Telangana 🇮🇳 IndiaTech - Store features SmartThings, smartphones, laptops, audio, gaming, and lifestyle TVs. - Includes ‘Learn @ Samsung’ workshops, DIY customization zone, and local culture focus. - Customers receive gifts, loyalty points, and discounts up to 10% on selected products. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](