Discover more from Ashish Sinha on Startups, Tech and AI
MS going after Google with chatGPT-4; Adani cancels FPO
Plus: The 10,000 Hour Rule
The NextBigWhat newsletter brings you curated and summarized business and tech news every day. Stay up to date on the top trends and news in just two minutes!
#BIGIdea of the day
The 10,000 Hour Rule
It takes roughly 10,000 hours of deliberate practice to become an expert in any field. So, whether you're a musician, athlete, or business person, if you want to reach the top, you need to put in the work.
It starts with counting the hours you're putting in towards your goal.
From Outliers - Malcolm Gladwell at NextBigWhat
Here are today’s Top 7 news:
1. Budget to catalyze efforts for a digitally inclusive India, says Kalyan Krishnamurthy
Budget outlines the importance of startups.
Carry-forward of losses will be allowed for a longer period to strengthen their books and enable focus on building the larger ecosystem.
Budget will help catalyze efforts to promote digitally inclusive India, said Flipkart CEO Kalyan Krishnamurthy.
2. Tax Benefits for Eligible Startups Limited to Only 1% of Indian Startups, Experts Say
In the Union Budget for 2023-24, finance minister Nirmala Sitharaman announced tax benefits for eligible
These tax benefits are only applicable to 1% of Indian startups.
The date of incorporation for startups to avail the tax benefits has been extended to March 31, 2024.
3. Budget 2023: DigiLocker to reduce costs and provide seamless finance access to underserved population
DigiLocker was launched in 2015 and is a secure cloud-based platform for storage, sharing, and verification of documents and certificates.
145.95 million users have used DigiLocker and 5.62 billion documents have been stored and issued.
The goal of DigiLocker is to reduce costs and provide seamless finance access to underserved populations.
4. Government proposes to decrease customs duty on goods to 13% from 21% in Budget 2023
Union Finance Minister Nirmala Sitharaman announced minor changes to basic customs duties, cesses, and surcharges on items such as toys, bicycles, automobiles, and naphtha in Lok Sabha on Wednesday.
These changes include a decrease in customs duty on goods from 21% to 13%.
5. Adani Enterprises cancels FPO, to refund investors
Adani Enterprises has cancelled its share sale.
A source with knowledge of the matter confirmed this to Reuters.
Adani Enterprises will be refunding investors.
6. Microsoft Bing to get ChatGPT-4 in the coming weeks
Microsoft will add AI capabilities to Bing in the coming weeks.
Bing will feature an upgraded version of ChatGPT that is faster than what is currently available.
7. ChatGPT Plus launches, it costs $20 a month
OpenAI said users can access the paid version of its popular ChatGPT service during peak times and get faster responses to prompts.
Despite earlier pricing rumors reported in the media, ChatGPT Plus won’t cost $42 a month. It will cost $20 per month.
#Quotes from NextBigWhat:
If you get knocked down or if you take a detour, you’re going to come back. Just put one foot in front of the other, and keep moving in the direction of your goal.
From The Courage to Advance at NextBigWhat