IPL is now a decacorn 🏏
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Check out Wednesday's newsletter and stay on top of the events shaping the world of business, startups, and tech!
The nextbigwhat newsletter brings you curated news, summarized for you - we save you time and deliver the info you need in your work.
#RecommendedBook of the day
(to help you build, grow, and repeat)
The Great CEO Within: The Tactical Guide to Company Building
Matt Mochary coaches the CEOs of many of the fastest-scaling technology companies in Silicon Valley. With The Great CEO Within, he shares his highly effective leadership and business-operating tools with any CEO or manager in the world.
Learn how to efficiently scale your business from startup to corporation by implementing a system of accountability, effective problem-solving, and transparent feedback.
Read ideas from the book for free | Buy the book
Back to the news 👇
Coinbase’s market capitalization falls below that of Dogecoin
The market capitalization of Nasdaq-listed cryptocurrency exchange Coinbase has now fallen below that of meme-inspired cryptocurrency Dogecoin, as the exchange’s market capitalization is sitting below $8 billion, while DOGE’s market cap is at $9.8 billion. Coinbase’s shares were significantly affected by the collapse of crypto exchange FTX.
Google CEO Sundar Pichai emphasizes commitment to Digital India, responsibility as a local firm
Google CEO Sundar Pichai emphasizes Google’s commitment to the Digital India vision. Pichai outlines Google’s desire to be a constructive partner, and expressed some concerns about CCI verdicts.
Mastodon has attracted over 2 million users since Elon Musk took over Twitter
Between October and November, Mastodon’s user base exploded, going from roughly 300,000 monthly active users to 2.5 million. Many people are using Mastodon as an alternative to Twitter because it is a decentralised social media network. Mastodon saw a large increase in users almost immediately after Elon Musk formally took over Twitter in late October.
IPL is now valued at $10Bn
The value of the Indian Premier League (IPL) ecosystem has touched $10.9 billion in 2022, making the cash-rich league a decacorn.
Gujarat Titans and Lucknow SuperGiants had a combined value of $1.6 billion in October last year
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US Postal service to buy 66,000 delivery EVs, to go fully electric by 2026
The postal service committed to spend $9.6 billion, including $3 billion obtained under the Inflation Reduction Act of the Biden administration, on 106,000 “next generation delivery vehicles.” USPS will only buy EVs after 2026. Defense contractor Oshkosh could provide 60,000 vehicles, with 45,000 of them being electric. The Biden administration wants all federal vehicle purchases to be emissions-free by 2035.
People are so disgusted with Elon that they are now canceling Tesla orders
Tesla owners are increasingly informing their loved ones, friends, and the world online that they no longer want to use Elon Musk’s services. In response to the billionaire’s recent remarks, more than a dozen accounts have tweeted apparent cancellations for Tesla vehicles, frequently to jeering replies from Musk supporters.
Mark Zuckerberg: Meta is helping to build a nascent VR industry, not dominate it
In a highly publicised court case concerning the future of the social media company’s developing metaverse business, Zuckerberg was defending Meta’s proposed acquisition. The ownership of app developer Within Unlimited, according to Zuckerberg, was “not that critical” to Meta’s goals, who primarily wanted to create communication tools and a platform for apps from other developers.
OpenAI unveils 3D model generating AI Point-E
On one Nvidia V100 GPU, Point-E can create 3D models in one to two minutes. Point-E does not produce 3D objects in the conventional sense. Instead, it creates point clouds—discrete collections of spatially separated data points that constitute 3D shapes. From a computational perspective, point clouds are simpler to create.
Polygon co-founder Sandeep Nailwal launches Web3 accelerator Beacon
By developing in-house tools that can connect entrepreneurs and investors, Beacon aims to differentiate itself from other accelerators. For prospective investors to examine projects, discover more about entrepreneurs, and watch video pitches, Beacon has already developed a unique platform. Beacon is developing a social network for founders and alumni to keep them in touch.
World Bank: Global economy has entered its steepest slowdown
A World Bank report stated, “the global economy is now in its steepest slowdown following a post-recession recovery since 1970 – with global consumer confidence already suffering a much sharper decline.” Losses in education, worldwide inflation, supply-chain disruptions, and other issues on a global scale serve as reminders that the COVID-19 pandemic’s repercussions are still being felt, according to the World Bank.
Instagram top trends 2022: Virat Kohli, ICC T20, and musician Shubh dominate the list
In India, there were more than a million Instagram Reels made in connection with the ICC T20 World Cup, with Surya Kumar Yadav and Virat Kohli remaining to be two of the most often used hashtags on reels. As one of the most popular hashtags compared to 2021 as well, musician Shubh attracted the attention of reel-ers.