ISRO Journey 🚀, InsuranceDekho Growth 📈, India Cyberattacks 🔒

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 ISRO's Aditya-L1 journey, InsuranceDekho's revenue growth, and India's cyberattacks. 🚨🔎💸 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Elon Musk Proposes Monthly Fee to Combat Bots on Social Network X - Elon Musk suggested the idea of a small monthly payment to use X, previously known as Twitter to deter bots. - X currently has around 550 million monthly users who generate 100-200 million posts daily, its unclear if bots are included in this statistic. - Although exact figures were not given, X’s premium subscription isn’t popular among users with only 827,615 reported subscribers, according to independent research. Microsoft AI division inadvertently leaks significant internal data - Microsoft’s AI researchers accidentally exposed tens of terabytes of sensitive internal data, including passwords, private keys, and over 30,000 internal Microsoft Teams messages. - The leak occurred while publishing an open-source training dataset on GitHub due to a misconfigured URL, allowing full control rather than read-only permissions. - Post discovey by cloud security startup Wiz, Microsoft addressed the issue, stating no customer data was affected or other services put at risk. AI boom may not have positive outcome: UK competition watchdog [NBW Newsletter Ad]( TAKE A LOOK AT INSIGHTFUL VISUAL STORIES ON NEXTBIGWHAT Sarah Cardell, CMA chief executive, emphasizes that AI's benefits to daily life and business productivity should not lead to blind optimism about a positive future. [Check out]( Bird Buddy Launches Explore Feature for Global Birdwatching - Bird Buddy unveils Bird Buddy Explore, a digital tool that allows users to observe bird feeds from around the globe. - Explore offers educational information about encountered bird species and is accessible via Bird Buddy’s iOS and Android flagship app. - Alongside Explore, Bird Buddy introduced two accessories and a subscription product, Bird Buddy Pro, with advanced features. UK Regulator Proposes Principles for Responsible Generative AI Development - Competition and Markets Authority (CMA) of the U.K presents seven principles for ‘responsible’ generative AI development to safeguard consumer rights and competition. - The principles aim to ensure accountability, diversity, choice, flexibility, and transparency in the AI development sector. - While the principles are not yet final, a second update on CMA’s contemplation in this sector is expected in early 2024. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Thousands of UK Police Officers’ Personal Details Compromised in Digital ID Cyberattack - A supposed ransomware attack targeted Digital ID, a third-party identity card maker, compromising details of UK police officers. - Greater Manchester Police and the Information Commissioner’s Office are investigating; the scale of the breach remains unclear, though estimates suggest up to 20,000 individuals are affected. - The data breach followed a similar incident affecting London’s Metropolitan Police, pointing toward ongoing security concerns within third-party supplier IT systems. Stanford’s SLAC Unveils Enhanced X-Ray Laser Accelerator - The upgraded particle accelerator, LCLS-II, at Stanford’s SLAC has delivered its initial X-rays, capable of firing a million pulses per second, 8,000 times more than its precursor. - The enhanced version features 37 cryogenic modules with exceptional cooling capabilities, allowing zero energy loss and working alongside the existing accelerator. - The new accelerator could lead to breakthroughs in quantum computing, clean energy tech, pharmaceuticals, and diverse scientific investigation with its unparalleled resolution and rapid flashes. Amazon Hires Microsoft’s Former Product Chief, Panos Panay, for Device Group Management - Only hours after leaving Microsoft, Panos Panay was reportedly recruited by Amazon to lead their devices group. - Panay, who spent 19 years at Microsoft, will replace Dave Limp, Amazon’s exiting head of hardware. - This move comes alongside both Amazon and Microsoft’s upcoming annual hardware events. ISRO’s Aditya-L1 Begins 110-Day Journey to Sun-Earth L1 Point - India’s Aditya-L1 spacecraft has begun its approximately 110-day trajectory toward the Sun-Earth L1 Lagrange point following successful Trans-Lagrangian Point 1 Insertion manoeuvre. - Targeted to study the Sun’s outer atmosphere, this mission marks ISRO’s fifth successful trajectory transfer to a celestial location. - The spacecraft, carrying seven indigenously developed scientific payloads, will provide crucial data for understanding phenomena like coronal heating and solar dynamics. PwC Initiates AI Training for 75,000 US, Mexico Employees - PwC announces a widespread AI training program targeting 75,000 employees in the US and Mexico in an effort to integrate AI into its business and client practices. - The move comes in response to an apparent deficit in required tech skills among newer hires. - The initiative forms part of PwC’s broader plan, announced in April, to invest $1 billion over three years to expand its AI offerings. InsuranceDekho Doubles Revenue to Nearly Rs 100 Cr in FY23; Shrinks Losses - InsuranceDekho’s operating income increased two-fold to INR 96.5 crore in FY23, reducing losses by 28.6% from the previous year. - The insurtech company’s income comes from brokerage fees for its online marketplace offering over 400 products from nearly 50 insurance providers. - Despite operational costs (with employee benefits making up 70.4% of total expenditure), the company plans to become profitable in FY24 according to CEO Ankit Agrawal. India’s increased cyberattacks and cybersecurity skill shortage illustrated - India has faced an increased rate of cyberattacks, with an average of 1.3 million cybersecurity incidents annually between 2020 and 2022. - Despite the surge in cybercrime, there is a significant shortage of cybersecurity skills in India, with a notable seven-fold increase in the past year. - The nation is projected to experience a 30% shortage of cybersecurity skills in 2023, with application security, cloud security, and data forensics identified as the areas with the biggest gaps. Indian Cyber Crimes Dominated by Financial Fraud, UPI and E-banking Top Targets: IIT-Kanpur Study - Future Crime Research Foundation’s study reveals that 77.41% of online crimes in India involve financial frauds, with UPI fraud alarmingly prevalent. - Social media-related crimes, including cyber-bullying, impersonation and email phishing, account for 12% of offenses. - The study stresses the need for combined efforts by law enforcement, businesses, and policymakers to combat evolving cyber threats. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](