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TWTW Weekly Wrap Up: 5-11 March

"By focusing more on India, Apple is strengthening its relationship with one of the world's largest economies and democracies that has a potential for unparalleled growth." - Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra

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Last Week’s Latest

  • Salesforce plans to incorporate generative AI across the platform; The company announced a generative AI push with a pilot of technology they are calling “Einstein GPT” that adds ChatGPT-like features across the platform, the world’s first generative AI for CRM.
  • HubSpot announced the launch of two new tools powered by AI – content assistant and to help its customers save time while creating better connections with their audiences.
  • The global research team from Norton, a consumer Cyber Safety brand of Gen™ released its quarterly Consumer Cyber Safety Pulse Report, detailing how cybercriminals can use artificial intelligence to create realistic and sophisticated threats.
  • Microsoft has introduced what it’s calling the “next generation” of AI product updates across its business apps portfolio.
  • Microsoft makes it easier to integrate quantum and classical computing; estimates that a quantum computer that will be able to help solve some of the world’s most pressing questions will require at least a million stable qubits.
  • Major Apple supplier Foxconn said on Saturday last week it was seeking cooperation in India in new areas like chips and electric vehicles after a visit to the country by its chairman, Liu Young-way.
  • Australia-Based Edtech Company Moodle Opens India Branch; eyes 25 per cent increase in Headcount.
  • Mintifi Bags USD 110 million fnding to fulfil the financing needs of Indian SMEs. The company offers credit solutions for SMEs and also enables corporations to digitize their supply chain, and provide purchase finance to their distributors.
  • Apple Inc. is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation’s growing importance.
  • US-based YouTube advertising company Channel Factory has entered India through a strategic collaboration with advertising and marketing firm Y&A Transformation.
Focused story of the Week #1: Ethical Cybersecurity: A Necessity in the Growing Field of Artificial Intelligence

We're living in a world where technology is everywhere and it can be hard to keep up with the latest innovations—especially when it comes to artificial intelligence. But there's one element that's always a must-have: cybersecurity. As artificial intelligence (AI) continues to grow and become an integral part of our lives, ethical cybersecurity is becoming more and more important for the safety of our data.

Cybersecurity isn't just about protecting our personal information and bank accounts—it's also about protecting the integrity of AI systems. In AI, it’s even more important to understand the importance of cybersecurity since AI can be used for a variety of tasks from fraud detection to medical diagnosis. If an AI system does not have the necessary security safeguards in place, it could be vulnerable to malicious attacks that can disrupt its operations and compromise any confidential data stored within. 

Cybersecurity breaches can be extremely costly, both financially and in terms of reputation. Not only can breaches put sensitive information at risk, but they can also lead to unexpected results from AI-powered systems—which can be devastating if left unchecked.

In summary, ethical cybersecurity is an essential part of the ever-evolving field of artificial intelligence. As the world becomes increasingly digital, and AI—which is both vulnerable to attack and capable of creating new threats—is deployed at an ever-increasing rate, it is critical that companies and developers recognize the need for secure and ethical practices. Further, AI systems must be designed to prioritize ethical considerations, and automated decision-making must be subject to oversight to prevent potential abuses. Ultimately, responsible and ethical AI development is the only way to ensure that the benefits of AI are maximized while minimizing potential risks.

"Cybersecurity is about more than protecting data; it’s a way to ensure that the technology we use is safe and ethical."

Focused Story of the Week #2: Apple's Focus on India Signals Growth Potential

If you've been keeping up with global business news, you've probably heard about international corporations investing extensively in India. With its thriving economy, massive population, and abundant natural resources, India has emerged as a prominent player in the global marketplace. The Indian economy is quickly expanding and has been the world's fastest-growing major economy during the last decade. It's no surprise that more foreign corporations want to invest in India—the country now ranks second only to the United States in terms of total FDI inflows.

To understand why, let's take a closer look at some of India's primary economic factors. India is one of the world's largest markets, with a population of over 1.3 billion people. This is anticipated to increase even more as more young people enter the labour force and mobility expands, opening up markets throughout the country. Indian customers are spending more money on goods and services, providing a chance for foreign enterprises to profit on this increase. India has an abundance of educated, skilled individuals who may offer competitive labour rates that are appealing to global businesses.

Investing in India gives international companies access to these favourable economic circumstances, which, when combined with the country's low corporate tax rates, explains why so many foreign corporations are eager to invest extensively in India.

Apple Inc., the world's most valuable firm, is reorganising its overseas operations to focus more on India. This initiative indicates the digital giant's expanding prominence and potential in the Indian market. This news represents just one example of how many companies are taking advantage of the opportunity in front of us. With such a wide range of support available from both private and public entities, now is the perfect time for businesses to consider investing in India.

"By focusing more on India, Apple is strengthening its relationship with one of the world's largest economies and democracies that has a potential for unparalleled growth."