Apple looks even more like a bank now
In Today’s Edition
Why India Needs Digital Identity Management Solutions
Karnataka’s Proposed EV Hub To House 1K+ Startups: IT Minister C N Ashwath Narayan
Cathie Wood’s Ark is buying stock in space SPAC Rocket Lab
Apple looks even more like a bank now that it’s adding a savings account to Apple Card
Netflix’s ad tier will cost $7 a month and launch in November
Stanford’s robotic boot gives wearers a personalized mobility boost
A meeting in Google’s 3D chat booth felt like real-life science fiction
Human brain cells implanted in rats prompt excitement — and concern
🚀Startups Nuts
Why India Needs Digital Identity Management Solutions
Digital identity verification is rapidly expanding as a result of digital transformation initiatives, and it is expected to grow further as a result of the pandemic. Identity verification is critical to using the digital world's services. It can be accomplished through various methods, one of which is eKYC or digital KYC. The number of eKYC transactions in India has increased significantly, rising from INR 1,249.23 Cr in July to INR 1,272.68 Cr at the end of August
Karnataka’s Proposed EV Hub To House 1K+ Startups: IT Minister C N Ashwath Narayan
The EV hub was announced a few weeks ago when the Karnataka government unveiled the ‘Beyond Bengaluru project. The Karnataka state government will set up five centers of excellence, a 20K-seater IT park, and a 1 Lakh sq ft plug-and-play factory. The Karnataka government is also working on producing eco-friendly hydrogen fuel.
🏭Business Nuts
Cathie Wood’s Ark is buying stock in space SPAC Rocket Lab
Cathie Wood’s Ark Invest is dipping back into a space SPAC, with two of the firm’s funds buying up stock in Rocket Lab over the past two days. Ark’s exchange-traded funds ARKQ and ARKX bought about 729,000 shares of Rocket Lab. The purchases mark the first recent space SPAC stock the firm has owned since selling its position in Virgin Galactic in May 2021.
Apple looks even more like a bank now that it’s adding a savings account to Apple Card
Apple is planning to offer a high-yield Savings account to Apple Card users. The company has not specified the interest rate or when the accounts will be available. Cardholders will be able to deposit cash into the account with no fees, no minimum deposits, and no minimum balance requirements. Funds can be deposited through a linked bank account or an existing Apple Cash balance
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Netflix’s ad tier will cost $7 a month and launch in November
Netflix will roll out its ad-supported tier on November 3. The Basic with Ads tier will cost $6.99 per month. It will be available in the US, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, and the UK. Viewers will see an average of four to five 15-30 second ads per hour. The tier will not include Netflix's full catalog and subscribers will not be able to download content onto their devices. Video quality will be capped at 720p/HD.
📱Tech Nuts
Stanford’s robotic boot gives wearers a personalized mobility boost
Stanford's Biomechatronics Laboratory team has created a robotic boot that can improve walking speed and energy economy. The exoskeleton can learn from its wearer's movements and adjust itself to provide optimum assistance. It allows people to walk 9% faster with 17% less energy. The team is working to commercialize the project within the next few years. A video showing the boot in action is available in the article.
A meeting in Google’s 3D chat booth felt like real-life science fiction
Project Starline is Google's next-generation 3D video chat booth. It projects 3D video to other chat booths in real time to create the illusion that users are sitting with somebody else across a table. Users report the experience as being remarkably realistic. Project Starline will soon be deployed to select enterprise partners as part of an early access program. This article details a first-hand experience of what it is like to use Project Starline.
🎁Miscellaneous
Human brain cells implanted in rats prompt excitement — and concern
A recent study showed that neurons grown from human stem cells can interface with nerve cells in live rodents. The human cells could send signals and respond to environmental cues picked up by the rats' whiskers. While it is currently too expensive and complex to be used as a standard research tool, the technology could one day be used for testing therapies for human brain disorders.
💡What else are we reading and seeing?
Is Palo Alto Networks a Good Investment Right Now?
When Can I Buy Polestar Stock?
💊Has Biogen Found Its Next Breakthrough Drug?
Tyson Overhauls Management as Meat Giant’s Profits Are Pressured
How Relaxo monopolized chappals
😎Fun Fact
Alzheimer’s disease does not always impact emotional memories
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