Scrrum Weekly Digest 3rd Week of March

Scrrum Weekly Digest 3rd Week of March

Latest trending news about TikTok, Silicon Valley Bank, Microsoft, and Whatsapp news

Why has it become necessary to ban TikTok in the US

United States Representative Cathy McMorris Rodgers at the 16th March’s meeting said, to protect kids from online threats it is very important to ban TikTok. Republican Lawmakers in the US are highly in favour of banning TikTok. They believe that ByteDance ( TikTok owner) is using private information of TikTok users and is putting the data of users at risk. Americans deserve to know to what extent, their privacy is safe. 

The American organisation believes that TikTok is offering some kind of inappropriate content to its users. They also raised concerns that TikTok live streamed events allow adult TikTok users to offer monetary rewards to "persuade children to perform sexually suggestive acts."

With political pressure mounting, TikTok CEO Shou Zi Chew is set to testify next week on Capitol Hill, where lawmakers from both parties are expected to grill him over the perceived security risks presented by the app.

Indian Startups have Deposits worth $1 billion stuck in SVB : MoS IT

On 16th March, Union Minister Rajeev Chandrashekhar declared approximately $1 billion deposits attributable to Indian Startups were with US based Silicon Valley Bank. 

The failure of Silicon Valley Bank (SVB), which was a key funding source for startups, has sent shockwaves across the global financial system.

Chandrasekhar also said that he has taken up the issue of SVB failure with the Finance Minister on Wednesday and pitched for fine-tuning the Indian banking system as per the requirement of startups. By the end of financial year 2023, more than 50 design startups indulge in device design.

Microsoft introduces 365 Copilot : The AI-powered future of Excel, Powerpoint, Word and more

Microsoft is doubling down on integrating artificial intelligence across its product lineup.Copilot will fundamentally change the way we work and unlock a new wave of productivity growth. The new Copilot is integrated in the productivity applications and experiences which people use and rely on every day for work and life, like Word, Excel, PowerPoint, Outlook, Teams, Power Platform, Viva and more.

In PowerPoint, it can help you in creating ‘beautiful’ presentations with a simple prompt, adding relevant content from a document you made last week or last year. “And with Copilot in Excel, you can analyse trends and create professional-looking data visualisations in seconds. 

Not only is 365 Copilot now integrated into everyday work and productivity applications such as Word, Excel, PowerPoint, Outlook, Teams, Power Platform, Viva, and others, but it also works with a new tool called ‘Business Chat’. This allows it to harness the full potential of Microsoft Graph’s latest update and use real-time data to seamlessly integrate information from documents, presentations, emails, calendars, notes, and contacts. Based on this, the tool can summarize chats and create plans from project files.

Meta cuts ties with NFTs of Facebook and Instagram in the midst of Crypto Burst

Meta Platforms Inc., the social media behemoth once known as Facebook, is ending support for non-fungible tokens (NFTs) on its platforms due to the collapse of the cryptocurrency market. The development comes in less than a year after it was rolled amid uncertainty in the crypto market.

Last year, when the cryptocurrency asset had skyrocketed in popularity and sales of anything from cartoon apes to video clips had reached billions of dollars, Meta enabled support for authors to distribute NFTs on Instagram and Facebook.

The social media firm rolled out a feature to support creators to share NFTs on Instagram and Facebook in 2022 when crypto's popularity was on a rise. However, bitcoin and other tokens have been under pressure since late 2022 after crypto exchange FTX crashed into sudden bankruptcy. The collapse of three major US banks aggravate the situation.

In the latest developments, New York state financial regulators closed the Signature Bank days after the SVB Financial Group’s Silicon Valley Bank collapsed. Silvergate Capital Corp, a crypto based lender, was also hit hard by FTX’s implosion. The bank announced that it was shutting down days before Silicon Valley Bank’s seizure.

WhatsApp Business announces new feature “Boost Status”

WhatsApp Business brings the shortcut feature to both iOS and Android beta versions. The shortcut feature allows businesses to consider advertising their status updates in order to reach a wider audience on Facebook. 

The new feature allows businesses to forward status updates to the Facebook or Instagram application.Beta testers on the business app can edit the ad and the description, and can also choose how long it will run.

The new feature will help businesses to reach customers who are not on WhatsApp but use Facebook and Instagram, allowing businesses to reach a larger audience and generate more sales.


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