60% Job Decrease📉

The Daily Top 7 News and Trends

Jan 30, 2023

The NextBigWhat newsletter brings you curated and summarized business and tech news every day. Stay up to date on the TOP 7 trends and news in just two minutes!

Get big ideas that inspire you on the newly launched #BigIdeas podcast by NextBigWhat, which you can subscribe to on your favourite podcast platform.

Here are today’s Top 7 news:

1. Adani Group rejects Hindenburg allegations as lies and an attack on India

Adani Group has issued a 413-page statement in response to the Hindenburg report. Adani Group claims that the Hindenburg report is neither independent nor objective.
Adani Group accuses Hindenburg of attempting to create a false market in securities in order to make a profit. Adani Group views the Hindenburg report as an attack on India.

2. Google will be destroyed by ChatGPT in minimum two years: Gmail creator, Paul Buchheit

Google may be only a year or two away from total disruption. AI will eliminate the Search Engine Result Page, which is where they make most of their money. Even if they catch up on AI, they can’t fully deploy it without destroying the most valuable part of their business!

The way I imagine this happening is that the URL/Search bar of the browser gets replaced with AI that autocompletes my thought/question as I type it while also providing the best answer (which may be a link to a website or product).

3. Tim Draper sees opportunity in decline of Indian startup valuations

Tim Draper, founder of Silicon Valley VC firm Draper Associates, sees an opportunity in the decline of Indian startup valuations.
He believes global economic recovery will be L-shaped, with a long upward movement, similar to after the dotcom crash.

4. China’s 2022 Smartphone Shipments Reach 10-Year Low

IDC report reveals that China’s 2022 smartphone shipments are the lowest in 10 years.
Total 2022 sales volume is the lowest since 2013. Annual sales have dropped below 300 million for the first time since 2013.

5. Razorpay’s Forex Service Aids Founders in Transferring Funds to India

Razorpay launches a forex service to help founders transfer funding to India.
This is the second cross-border offering from Razorpay.
Small businesses are able to accept international payments from foreign customers.

6. Active IT job vacancies in India decreased 60% in January

Active IT job vacancies in India have decreased by 60% in January.
Job market experts attribute this to tech companies being cautious about adding to their payrolls due to global economic worries, recession fears in the West, and uncertainty surrounding demand.

7. Snap’s Profit from India Operations More Than Doubles in FY22

Snap, the company that operates the messaging app Snapchat, saw a doubling of its revenue in FY22 to Rs 66 crore from Rs 33 crore in FY21.

From NextBigWhat:

Never ask for someone’s ‘opinion.’

If you ever want to ask someone for input on an idea, never ask for their “opinion.” Instead, always ask for their “advice.”

Asking for their opinion puts the other person in an introspective state of mind, which makes them focus more on themselves and less on you.

From 12 things to learn from successful people at NextBigWhat

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