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 top stories include GST evasion by online gaming firms, HealthifyMe's AI food recognition, and Apple reducing pay raises. ð¤ Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Online Gaming Firms in India Suspected of Rs 31,000 Crore GST Evasion - Directorate-General of Goods and Services Tax Intelligence (DGGI) alleges online gaming companies have evaded nearly Rs 31,000 crore in taxes.
- Around 80 firms suspected; authorities sending show cause notices.
- This follows recent Supreme Court intervention in a GST issue related to an online gaming company. Apple Reportedly Reducing Employee Pay Raises in 2023 - Apple is purportedly decreasing the rate of pay raises to retail employees in 2023 to a range of 2-5%, Bloomberg reports.
- The reduction in raise percentage marks a return from the 8-10% raises seen in 2022 amid labor shortages and unionization efforts.
- The decrease in raises corresponds to a slowdown in wage growth and inflation in the US economy. How to start a startup course: The worldâs most comprehensive guide [NBW Newsletter Ad]( What weâll delve into during this course is not just how to dream, but how to do. Starting a startup is not just about having a good idea; itâs a combination of focus, determination, iteration, and often, serendipity. [Enroll]( TikTok Integrating Google Search Results in App Test - TikTok is testing a feature that incorporates Google Search into its in-app search results.
- TikTok also experiments with embedding Wikipedia entries to its search results, aiming to become a one-stop internet use platform.
- The integration signals a significant behavior shift in young internet users, which shows these users are tending to use social apps for internet search instead of Google Maps or Search. HealthifyMe Launches AI-powered Indian Food Recognition, Aims for Higher Accuracy - HealthifyMe, an Indian wellness startup, has debut an AI feature that identifies Indian food from images to log calorie intake.
- With over 150,000 Indian food items in its database, the function offers 60-70% accuracy, hinting at an 80% accuracy goal.
- In addition to the paid plans starting from $4.80 per month, the company has plans to introduce more options, including a voice input feature, and improve its AI assistant Ria. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Delhi Court Orders Closure of Fake Burger King Sites - Delhi High Court told to block domains impersonating Burger King to prevent fraud and trademark misuse.
- The National Internet Exchange of India not to permit domain purchases using the name âBurger Kingâ.
- This comes after Burger King found fraudulent sites offering franchises and one person reported a significant financial loss. Cisco set to buy Splunk for $28B, bolsters security and AI capabilities - Cisco acquires observability platform Splunk, fitting it into its security business to enable threat understanding.
- The deal, which includes paying a significant premium of $157 per share, is expected to boost AI-enabled security and observability.
- Pending regulatory approval, the deal is to close in the third quarter of next year. Microsoft takes AI innovation further with Windows Copilot - The Bing Chat technology has evolved into Windows Copilot, a modern AI virtual assistant.
- The assistant offers a range of services, from changing settings to integrating with existing and third-party apps.
- Copilot will start rolling out to the public on September 26, along with improvements to other apps. Roblox Reduces Talent Acquisition Team Amid Hiring Slowdown - Roblox lets go of about 30 employees in its talent acquisition organization to better align with adjusted hiring needs.
- This move was hinted in the companyâs Q2 earnings call along with the aim to bring cash compensation growth in line with bookings growth by Q1 2024.
- Despite a surge in user numbers, Roblox remains unprofitable, with Q2 2023 posting a net loss of $282.8 million, up from $176.4 million the previous year. YouTube Previews Upcoming AI-Powered Toolkit for Creators - YouTube is developing a suite of AI features for creators including a TikTok-like green screen tool called Dream Screen.
- Other features include automatic dubbing to other languages, soundtrack searching, and âinsight recommendationsâ for concept brainstorming.
- YouTube also plans to debut a mobile app, YouTube Create, currently in beta for Android, to help creators produce content on their mobile devices. Salesforce set to acquire AI customer service platform firm Airkit.ai - Salesforce plans to acquire Airkit.ai, an AI-driven customer service agent creator for e-commerce businesses.
- Airkit.ai, with multiple pre-existing ties to Salesforce, recently released an integrated product for creating specialized customer service chatbots.
- Post-acquisition, Airkit.ai will be consolidated into Salesforceâs Service Cloud, led by its original co-founder, Adam Evans. Google DeepMindâs AI Model Can Detect Disease-Causing Genetic Mutations - Research by Google DeepMind has led to the development of an AI model, AlphaMissense, which can identify âmissenseâ genetic mutations responsible for diseases.
- The model has correctly classified 89% of 71 million missense mutations and those results are now available in an online database, facilitating the development of treatments.
- Some scientists praised the development, however, others expressed concerns about the âblack-boxâ nature of the technology and emphasized that it should not exclusively guide diagnostic choices. Zomato Apologizes for Joking Post About Drugs, Causes Social Media Outrage - Zomato drew criticism for a post joking about drugs at their office, leading to an apology.
- The post was called âirresponsibleâ for wasting police resources and seeking likes.
- This is another in a series of controversial posts by Zomato, including a controversial Environment Day ad and a language-related dispute. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](