#Ideaoftheday
Why do we procrastinate?
Humans have wired themselves to fall prey to the habit of procrastination.
It has consumed us to such an extent that Greek philosophers like Socrates and Aristotle coined it: Akrasia [Read the science behind procrastinating phenomena and how one can solve it]
Apple will likely have to cut its iPhone 13 production goals for 2021 due to the global chip shortage
Apple will likely have to cut its 2021 production targets for the iPhone 13 by as many as 10 million units due to the ongoing chip shortage, Bloomberg reported Tuesday.
CarDekho drives into unicorn club after $250 mn fundraise
The fundraising has made CarDekho the 33rd Indian startup to become a unicorn and the second online car-retailing platform to achieve a $1 billion valuation this year.
IBM releases AI based solutions aimed at environmental intelligence
Armonk New York based technology major IBM has released an AI driven software that will provide environmental intelligence-based insights.
Google Cloud unveils carbon footprint tracker, satellite imagery suite
Alphabet Inc’s Google will tell its cloud customers the carbon emissions of their cloud usage and open satellite imagery to them for the first time for environmental analysis, as part of a push to help companies track and cut carbon budgets.
Facebook’s Secret Blacklist of “Dangerous” Groups and People
The differences in demographic composition between Tiers 1 and 3 “Suggests that Facebook – like the U.S. government – considers Muslims to be the most dangerous.” By contrast, Patel pointed out, “Hate groups designated as Anti-Muslim hate groups by the Southern Poverty Law Center are overwhelmingly absent from Facebook’s lists.”
Centrum, BharatPe get licence to set up Small Finance Bank
The Reserve Bank of India has issued a Small Finance Bank licence to the consortium of Centrum Financial Services, the small business lending arm of the Centrum Group, and Resilient Innovations Private Limited, a fintech company.
Amazon to provide 20,000 digital devices to underprivileged students in India
E-commerce company Amazon India on Tuesday said it will directly provide 20,000 digital devices to students from underprivileged communities to empower them for a brighter future.
Open Internet more at risk now than ever before: Twitter
Amid raging debate globally over social media regulation and controls, microblogging platform Twitter on Tuesday cautioned that ‘Open Internet’ is more at risk now than ever before, and asserted the need for coordinated, multi-stakeholder strategy to defend free, secure, and global open internet.
IPO-bound MobiKwik turns unicorn as employees exercise ESOP option
In July, Mobikwik, backed by Sequoia Capital and Bajaj Finance, filed for an IPO of up to Rs 1,900 crore with the markets regulator the Securities and Exchange Board of India
Facebook claims test SEC’s reach
In one whistleblower tip provided to the SEC, Ms. Haugen and her lawyers wrote that Facebook made “Multiple material misstatements and omissions on the question of whether Facebook and Instagram impact teenage users,” according to a copy seen by the Journal.
DGCI to approve Covaxin for children between 2-18 years after evaluation of data
Drugs Controller General of India will provide approval for Covaxin for children between 2 and18 years only after evaluation of data, official sources said.
Railways spend Rs 12000 crore a year to clean ‘gutkha’ stains, come up with new plan
Here’s an estimate to wonder – the Indian Railways spend a whopping amount of about Rs 12000 crore every year just to clean the ‘gutkha’ stains.
Google may soon end unlimited backups for WhatsApp users
Google Drive is currently the easiest way for WhatsApp users to backup their chats, images and videos for free without having to worry about storage limits.
Swiggy eyes social commerce biz with Swiggy Bazaar
Besides grocery, Swiggy Bazaar may explore segments such as lifestyle and fashion in the long haul,” said the above-quoted source.
It’s not just Zostel, OYO has 20 other lawsuits to fight
The battle with Zostel is not a simple one eitherOne of the biggest ongoing legal battles OYO is fighting at the moment is the one with Zostel Hospitality, which has reached out to India’s market regulator Securities and Exchange Board of India to reject OYO’s IPO. The company has reportedly called OYO’s IPO as “Illegal”.
Google pulls ‘stalkerware’ ads that promoted phone spying apps
Last August, Google banned ads in users’ search results that promoted apps that are designed “With the express purpose of tracking or monitoring another person or their activities without their authorization.”
Epic Games reportedly in talks to produce a Fortnite movie
The recent capitalization of such adaptations reportedly has Epic Games looking to produce a Fortnite movie.
Google and Temasek back Indian neobank Open in $100 million funding
Open said on Tuesday it has raised $100 million in a Series C financing round.
Former SBI chairman Rajnish Kumar joins BharatPe board
Merchant payments and financial services provider, BharatPe, on Tuesday said it has appointed former head of State Bank of India, Rajnish Kumar as the chairman of its board.
Accenture to acquire BRIDGEi2i to expand capabilities in AI, data science
“In this rapidly evolving space, constantly building new capabilities is key, and we believe that BRIDGEi2i will further enhance our AI skills and data science capabilities to strengthen how our global network delivers value for clients.”