Credit Card Spending 💳, G20 Taxation 🤑, Apple Macs 🖥️

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 record credit card spending, G20 taxation on global firms, and Apple M3-equipped Macs coming in October. 💳 💰 🖥️ Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Instagram Threads Achieves One-Fifth of Twitter’s User Base, Sees Dramatic Success 🌎 GlobalTech - Instagram Threads has attracted 100 million users since its launch, achieving one-fifth of Twitter’s global weekly active user base and surpassing rival Truth Social by 86 times. - Despite a minor dip in daily users and usage time, Threads has exceeded 150 million downloads, led by India, Brazil, and the U.S. - Future upgrades for Threads include iOS 17 support, an edit button, multi-account support, and integration with ActivityPub, all while not yet available in the EU due to privacy concerns. Indo-German AI-Powered Nutrition Tracker NutriAIDE Launched in Chandigarh 🤖 AI - NutriAIDE calculates calories and tracks nutritional choices by scanning food. - The app is a product of an Indo-German collaboration, including three German universities and an Indian health tech start-up. - It utilizes image recognition to identify food and display its nutritional value. Micro-habits to reduce stress: Tips from Google's executive coach [NBW Newsletter Ad]( Bite-sized lessons from Google's Executive Coach "Focus on who you need to be" [Read]( Credit card spending hits record Rs 1.4 lakh crore mark in May 🇮🇳 IndiaTech - Credit card spending in India hit a record high of Rs 1.4 lakh crore in May, with total consumption increasing by 5% month-on-month this year. - The number of active credit cards significantly increased, surpassing 87.4 million in May, with over 5 million new cards added since January. AI-Penned Cover Letter Error by IIT Graduate Goes Viral 🤖 AI - AI chatbots like Google’s Bard and Open AI’s ChatGPT are widely used for writing emails and cover letters. - A lack of proofreading often leads to embarrassing revelations due to template misuse. - A Twitter screenshot showed a cover letter error made by an IIT graduate, revealing the use of automated templates. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Sealed 2007 4GB iPhone Sells for Record $158,644 at Auction 🌎 GlobalTech - A sealed 4GB iPhone from 2007, one of the rarest models, sold at auction for a record $158,644. - The auction hosted by LCG Auctions also included three other unopened iPhones which sold for varying prices. - The 4GB iPhone was gifted to its owner by Apple as a token of appreciation for his work with Steve Jobs. India Urges G20 to Increase Taxation on Global Firms’ Excessive Profits 🇮🇳 IndiaTech - India proposes the G20 to raise tax rates on multinational companies earning ‘excess profits’ in the host nations. - This proposal has been made to the Organisation for Economic Cooperation and Development, set to be broadly discussed in the G20 meeting. - The current regulations are viewed as outdated as firms like Apple or Amazon can profit book in low-tax countries. Indian students increasingly opt for IT, data science, and medical courses in Ireland 🇮🇳 IndiaTech - Ireland is observing a rising influx of Indian students for higher education. - Indian students show preference for IT, data science, pharmaceuticals, engineering, business, and medicine courses in Ireland. - An increased interest in marketing, design, nursing, tourism, hospitality, sustainability, filmmaking, and equine sciences has been noted over the last two years. Sony and Microsoft Ensure Continuation of Call of Duty on PlayStation Post Activision Acquisition 🌎 GlobalTech - A 10-year agreement has been signed between Sony and Microsoft to ensure Call of Duty remains available on PlayStation after Activision Blizzard’s acquisition. - Concerns of Microsoft monopolising the gaming market were allayed with this agreement. - Regulatory approval is still in process but the deal is expected to close by July 18. Apple’s M3-Equipped Macs Expected to Launch in October 🌎 GlobalTech - Bloomberg’s Mark Gurman predicts Apple’s M3-equipped Macs should reach users by early October, following the annual iPhone event in September. - The first to benefit from the new chip are expected to be the next iMac, 13-inch MacBook Air and 13-inch MacBook Pro. - Despite previous releases of new iPad models alongside Macs, Gurman suggests this isn’t likely for this round of releases. ISRO Expresses Interest in Establishing Space Museum in Punjab, Receives Government Support 🇮🇳 IndiaTech - ISRO plans on creating a space museum in Punjab. - Chief Minister Bhagwant Mann pledges full support. - 30 students observed the recent Chandrayaan III launch. European Commissioner Urges US to Support Global Regulation of AI 🤖 AI - Didier Reynders, European commissioner for justice, criticizes the US for its lack of action in regulating tech giants.’, ‘Reynders highlights the need for the US to follow the EU’s stringent privacy law, GDPR, expressing concern over the regulation of AI. - Reynders emphasizes that coordinated AI regulation between the US and the EU could set an international standard and assure global compliance from tech giants. Adobe Firefly Expands Language Support, Incorporates Eight Indian Languages 🤖 AI - Adobe’s AI-based app Firefly now supports Gujarati, Hindi, Malayalam, Marathi, Nepali, Punjabi, Tamil, and Telugu. - The update allows users to perform tasks in their native language, such as generating high-quality images and streamlining workflow. - Firefly, integrated with Adobe’s inhouse apps like Photoshop, has helped create over a billion assets since its launch. © 2023 Zakti Techmedia Pvt. Ltd. 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