One Thing Today in Tech

Apple released software updates for iPhones, iPads and Macs on Wednesday that fix two security vulnerabilities known by Apple to be actively exploited by attackers, TechCrunch reports. Google also released a security update, to the Stable channel of its Chrome browser. And Flipkart Ventures has picked six startups for the second batch of its 16-week accelerator programme.

Notes:

Apple released software updates for iPhones, iPads and Macs on Wednesday that fix two security vulnerabilities known by Apple to be actively exploited by attackers, TechCrunch reports.

The two vulnerabilities were found in WebKit, the browser engine that powers Safari and other apps, and the kernel, essentially the core of the operating system. The two flaws affect both iOS and iPadOS, and macOS Monterey.

Apple said the WebKit bug could be exploited if a vulnerable device accessed or processed “maliciously crafted web content [that] may lead to arbitrary code execution,” while the second bug allowed a malicious application “to execute arbitrary code with kernel privileges,” which means full access to the device. The two flaws are believed to be related, according to TechCrunch.

Meanwhile, in more incremental news about Apple’s new iOS 16 iPhone software, expected in September, a new feature will be the ability to edit and unsend text messages.

That means you’ll be able to go back and correct a typo or delete a message if you sent it to the wrong person. And the person you’re texting will see the updated text, or that you’ve deleted a message — so long as they’re also running iOS 16, according to CNBC.

The feature is already available in public beta but otherwise, iPhone users will see it once the software is released to everyone next month. This feature will work on iPhones released in 2017 or later. Apple’s iPhone 14 is also expected next month.

Google also released a security update on Wednesday. The company announced an update to the Stable channel of its Chrome browser that includes a fix for an exploit that exists in the wild, as Ars Technica put it.

The exploit was reported by Ashley Shen and Christian Resell of the Google Threat Analysis Group.

Google says the update will "roll out over the coming days/weeks," but you can (and should) manually update Chrome now, Ars Technica recommends, by checking the "About" section of your settings.

Google’s Android 13 software is also rolling out this week.

Flipkart Ventures, a $100 million venture fund set up by Walmart company Flipkart, yesterday named six startups as part of its accelerator programme - Flipkart Leap Ahead.

The six startups will receive an equity investment of up to $500,000 from Flipkart and will undergo a mentorship program delivered through a customized curriculum, which has been designed by Bain & Company, Flipkart said in a press release.

At the end of the 16-week programme, the startups will present their ideas to potential investors and industry leaders on a Demo Day. The six startups are Dopplr, Livwell, LogisticsNow, NeuroPixel.AI, Rightbot Technologies, and Sellerapp.

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Facial recognition tech, as part of India’s Digi Yatra Central ecosystem, has been rolled out at the airports in Delhi and Bengaluru that will allow passenger identities to be verified in a matter of seconds. A corresponding mobile app is now available on Google’s Play store and an iOS version is expected soon. And India’s semiconductor chip component market is projected to touch $300 billion in cumulative sales in the five years through 2026.

Notes:

Facial recognition tech has been rolled out at the airports in Delhi and Bengaluru that will allow passenger identities to be verified in a matter of seconds.

This feature is part of the Digi Yatra Central Ecosystem being implemented in India by the Digi Yatra Foundation, a non-profit public-private organisation set up in 2019 by the Airports Authority of India and the companies that operate airports at Delhi, Mumbai, Bengaluru, Hyderabad and Cochin.

The service will be available for domestic passengers at Delhi airport’s T3 terminal where AirAsia India, Air India, IndiGo, SpiceJet and Vistara operate, Inc42 reports. It has also been rolled out for domestic flyers at Bengaluru airport for AirAsia India and Vistara.

Based on the use of single token face biometrics, the system will use facial features to establish a traveller’s identity, which will then be linked to the boarding pass, according to Inc42. A passenger app—in beta version—has been rolled out on Google’s Play store, and an iOS version is expected soon.

India's semiconductor component market is likely to reach $300 billion in cumulative revenues from 2021 to 2026, as the Make-in-India and production-linked incentive schemes will boost local sourcing, Economic Times reports, citing the India Electronics and Semiconductor Association, an industry lobby.

Further policy reforms and the building of a semiconductor ecosystem will reduce reliance on imports, according to a report by the semiconductor lobby and Counterpoint Research, a tech market researcher and consultancy.

India’s end equipment market in 2021 stood at $119 billion by revenue and is expected to grow at a CAGR of 19 percent from 2021 to 2026. Currently, only 9 percent of India’s semiconductor requirement is met locally, according to the report.

A fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an Australian firm that develops battery storage and renewable energy projects, CNBC reports.

In an announcement Tuesday, BlackRock, the world’s biggest investment company, with more than a trillion dollars under management, said it intended to commit more than 1 billion Australian dollars (around $700 million) to support the build-out of more than 1 gigawatt of battery storage assets.

BlackRock said Akaysha plans to develop energy storage projects in other Asia-Pacific markets as well, including Japan and Taiwan in the near term, according to CNBC.

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Inflation in Asia has peaked compared with other major economies such as the US and Europe, according to the chief Asia economist at Morgan Stanley. China’s tech giants, in an unprecedented move, have revealed details of their algorithms to the country’s government. And Bhavish Aggarwal aims to bring an Ola Electric car to market in 2024.

Notes:

Inflation in Asia has peaked compared with other major economies such as the US and Europe, according to the chief Asia economist at Morgan Stanley, CNBC reported yesterday.

“Absolutely, inflation has peaked if you look at the data that’s already indicative of that. More importantly, going forward, we think you should see downside risks to inflation,” Chetan Ahya, from the investment bank told CNBC’s Squawk Box Asia on Monday.

“Asia’s average inflation peaked at 5.5 percent and it’s already down” by about half a percentage point from there, Ahya told CNBC. The US peaked at 9 percent and Europe is also around 8.5 percent and 9 percent, he added.

Ola Electric’s founder Bhavish Aggarwal yesterday announced plans for the company to build its first electric car, scheduled for a 2024 launch. He also launched the Ola S1, a more affordable version of the company’s electric scooter, Ola S1 Pro.

Ola Electric will also expand its factories and mass-produce its lithium-ion cells.

The car will go from 0-100 kph in 4 seconds, with a range of more than 500 kilometres per charge, according to Aggarwal.

Ola will build three factories: a 40-acre two-wheeler facility, a 100-acre lithium-ion cell plant and a 200-acre four-wheeler factory, he said, in a live-streamed event.

China’s biggest tech giants have shared details of their proprietary algorithms – the software behind their massive consumer success – with the country’s regulators, in an unprecedented move, as Beijing looks for more oversight over its domestic internet sector, CNBC reported yesterday.

The Cyberspace Administration of China, one of the country’s most powerful regulators, released a list of 30 algorithms, with a brief description of their purpose, from companies including e-commerce behemoth Alibaba and internet giant Tencent, on Friday.

Zoom users on a Mac should immediately manually update the video conferencing software, Ars Technica recommends. Zoom’s latest update fixes an auto-update vulnerability that could have allowed malicious programs to use its elevated installing powers, granting escalated privileges and control of the system, according to Ars Technica.

The vulnerability was first discovered by Patrick Wardle, founder of the Objective-See Foundation, a non-profit Mac OS security group. Wardle detailed in a talk at Def Con – a well-known annual hacker conference – last week, how Zoom's installer asks for a user password when installing or uninstalling, but its auto-update function, enabled by default, didn’t need one.

Wardle found that Zoom's updater is owned by and runs as the root user, according to Ars Technica.

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Xiaomi showcased its humanoid robot prototype, called CyberOne, at an event yesterday, ahead of Tesla’s AI day. CyberOne is 5.8 feet tall, weighs 52kg, and is nicknamed “Metal Bro.” It has also been given a zodiac sign, Leo. In a video shared by Xiaomi CEO Lei Jun, on Twitter, one can see the robot walk up to him onstage, introduce itself, offer him a flower, and strike a kung fu pose.

Notes:

Xiaomi showcased its humanoid robot prototype, called CyberOne, at an event yesterday, ahead of Tesla’s AI day, Engadget reports.

CyberOne is 5.8 feet tall, weighs 52kg, and is nicknamed “Metal Bro.” It has also been given a zodiac sign, Leo, according to Engadget. In a video shared by Xiaomi CEO Lei Jun, one can see the robot walk up to him onstage, introduce itself, offer him a flower, and strike a kung fu pose.

Jun then proceeds to take a selfie with the robot before it walks off the stage saying it wants to check out more kung fu.

CyberOne, the second product from Xiaomi Robotics Lab, after the CyberDog from August 2021, has an OLED curved face, 3D vision, and two microphones. It can identify 45 types of emotions from a human voice, according to Engadget. Tesla’s AI Day is likely to be held on Sep. 30.

The 3rd edition of Climate Startup Week, organised by the Climate Collective Foundation, is planned for Sep 10 – 23, bringing together the fast-growing community of changemakers trying to fight climate change through innovation and entrepreneurship, the foundation said in a release.

Last year’s event drew about 900 participants. The upcoming edition includes more than 45 online and offline events, presented with more than 15 ecosystem partners, including global development agencies, corporate innovation networks, climate tech VCs and so on.

Climate Collective Foundation is an India-based non-profit organisation, focused on helping entrepreneurs addressing climate change and circular economy throughout the Global South. It was founded in 2016 by clean energy entrepreneurs Pratap Raju and Pramod Raju.

To register, keep track of Climate Collective’s website - https://climatecollective.typeform.com/to/yXQ7lO3u

Actis, a UK-based global investment firm in the areas of private equity, energy, infrastructure, and real estate, has signed an agreement to acquire a majority stake in Levanta Renewables, a Vietnam and Southeast Asia-focused renewables business, the company said in a press release.

Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Vietnam as the anchor market, Actis will build on Levanta’s pipeline to expand the business into a 1.5GW renewable energy platform in Southeast Asia, according to the release.

The acquisition is Actis’s first energy infrastructure investment in Vietnam. It didn’t give financial details on the deal but added that the transaction will be funded via its $6 billion Energy 5 Fund.

The UK company also recently purchased the solar assets of Kolkata’s Atha Group, according to a report earlier this week by Mint.

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India’s fintech startups, yesterday, welcomed the comprehensive rules on digital lending released by the Reserve Bank. The rules provide clarity that only regulated entities can offer loans and stipulate that a consumer must be told upfront what the total cost of a digitally sourced loan will be. Explicit consent must also be sought to collect data, with the option to delete it.

Notes:

India’s fintech startups that had been in a bit of a quandary after the Reserve Bank of India’s diktat on prepaid instruments and loans earlier this year, yesterday, welcomed the comprehensive rules on digital lending released by the central banker.

Reserve Bank published the rules following the recommendations of a working committee on digital lending on its website, divided into those that have been accepted for immediate implementation and those that have been accepted “in principle, but require further examination.”

“The RBI has demonstrated consumer centricity … we welcome the regulation,” Gaurav Chopra, founder and CEO of IndiaLends, said in an email. “Most new customers today are borrowing for the first time and a growing share is coming through digital channels. That’s where we believe a framework ensures responsible players are rewarded for working in the interest of the consumer,” Chopra added.

India’s fintech revolution is widely seen as a success at the scale of a billion people. Starting with the Unified Payments Interface, India is adding financial infrastructure including the accounts aggregator platform, and, in the broader, online commerce market, the open network for digital commerce that has seen support from the world’s biggest tech companies, including Amazon and Microsoft.

The subcontinent is also seen as one of the most promising markets for financial products such as BNPL or ‘buy now pay later.’

Entrepreneurs like Chopra say that the RBI working committee’s recommendations are a step forward in addressing issues related to lack of transparency, data protection, and privacy, as well as user consent.

The clarity on rules will “only boost consumer confidence and trust in the credit system and will allow players like us to continue our business without any changes to the business model,” Chopra says.

Some of the highlights of the rules are as follows: All loan disbursals and repayments are required to be made only between the bank accounts of the borrower and the regulated entity (like a bank or an NBFC) without any pass-through/ pool account of the lending service provider (like a fintech startup) or any third party.

Any fees or charges payable to the lending services provider in the credit intermediation process must be paid directly by the regulated entity and not by the borrower.

A standardized Key Fact Statement (KFS) must be provided to the borrower before executing the loan contract.

An all-inclusive cost of digital loans in the form of an Annual Percentage Rate (APR) is required to be disclosed to the borrowers. APR shall also form part of KFS.

Data collected by digital lending apps should be need-based, should have clear audit trails and should be only done with the prior explicit consent of the borrower.

RBI note:

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=54187

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Working populations in the five largest economies in the Asia Pacific—India, China, South Korea, Australia, and Japan—are more at risk due to physical robot automation than in Europe and North America, according to a forecast by Forrester. India, which has a relatively young workforce, will add 160 million new workers over the next 20 years, reaching a working population of 1.1 billion by 2040, but 69 percent of India’s jobs are under threat from automation, according to the forecast.

Notes:

By 2040, 63 million jobs in India, China, South Korea, Australia, and Japan are expected to be lost to automation, with more than 247 million jobs expected to be in jeopardy, Forrester said in a press release.

According to Forrester’s Future of Jobs forecast (2020-2040)

APAC’s top 5 economies will create 28.5 million new jobs in renewable energy, green buildings, smart cities and smart infrastructure, and professional services by 2040.

However, 13.7 million jobs in the region will be lost to automation across wholesale, retail, transport, accommodation, and leisure sectors.

India, which has a relatively young workforce, will add 160 million new workers over the next 20 years, reaching a working population of 1.1 billion by 2040, but 69 percent of India’s jobs are under threat from automation, according to Forrester.

Qualcomm India is inviting applications via the Startup India portal for the inaugural edition of the Qualcomm Semiconductor Mentorship Programme 2022, the company said in a press release yesterday. The programme is being offered in collaboration with the Centre for Development of Advanced Computing, which is part of India’s Ministry of Electronics and Information Technology.

The last date for registration is Aug 21, after which Qualcomm will shortlist up to 10 startups.

Uravu Labs, which is developing a renewable-water-from-air device, has raised an undisclosed amount in seed funding from Anicut Capital, Rocketship.vc, Speciale Invest and other investors.

The Bengaluru startup—founded in 2019 by Pardeep Garg, Swapnil Shrivastav, Venkatesh R, and Govinda Balaji—will use the money to scale up its 100 percent renewable water technology and commercialise it by next year, the company said in a press release.

ElectronEV, a US-based maker of commercial vehicles, plans to enter India, Southeast Asia, Australia and Europe, according to a company press release. ElectronEV’s product portfolio will consist of light, medium, and heavy-duty commercial vehicles like delivery vans, trucks, and buses.

Meanwhile, electric motorcycle maker Orxa Energies has closed an undisclosed amount in pre-series A funding from SAR Group’s electric mobility arm Lectrix E-Vehicles, Inc42 reports.

Founded by Sabnis and Ranjita Ravi in 2017, Orxa Energies is a high-performance EV and energy systems startup. According to the Inc42 report, the company plans to bring multiple performance EV products into the market and set up a new manufacturing unit on the outskirts of Bengaluru in the next three to four months.

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Cyberbullying among children in India is the highest and in multiple categories, double the rates reported by other countries, cybersecurity company McAfee said in a press release yesterday, as part of a global report, titled 'Cyberbullying in Plain Sight'. And racially motivated bullying online is on the rise worldwide, with India and the US topping the list, reporting the most such instances.

Notes:

Cyberbullying among children in India is the highest, and in multiple categories, double the rates reported by other countries, cybersecurity company McAfee said in a press release yesterday, as part of a global report, titled Cyberbullying in Plain Sight.

Indian children are also most likely to have bullied someone else, according to the survey’s findings, McAfee says in the report.

Leading all other nations, 85 percent of Indian children said they’ve been cyberbullied. And Indian children say that they’ve cyberbullied someone else at rates well over twice the international average.

Specifically, 45 percent said they cyberbullied a stranger, compared to 17 percent worldwide—and 48 percent said they cyberbullied someone they know, versus 21 percent of children in other countries.

Three out of four children in India admitted to at least

one activity that could be described as cyberbullying, compared to less than half of children elsewhere who admitted to such activities.

I was sent the report, press release and an India factsheet in an email, but I could not immediately find them on the company’s website, which currently has links to an earlier report, titled Global Connected Family Study that was released in May.

The survey showed that many children take part in cyberbullying, often without realizing their behaviour for what it is, while parents struggle to keep up, according to the release.

According to Indian parents, 42 percent of children have been the target of racist cyberbullying, compared with the 28 percent average for the rest of the world.

Extreme forms of cyberbullying reported besides racism include trolling (36 percent), personal attacks (29 percent), sexual harassment (30 percent), the threat of personal harm (28 percent) and doxing (23 percent), all of these India at almost double the global average. India also reported acts such as spreading false rumours at 39 percent, being excluded from groups and conversations at 35 percent and name calling at 34 percent.

The research was conducted between June 15 and July 5, 2022, by market research company MSI-ACI via email, inviting parents of children in the age group of 10 years to 18 years to complete an online questionnaire.

In total 11,687 parents and their children completed the survey from 10 countries including the US, UK, France, Germany, Australia, India, Canada, Japan, Brazil, and Mexico.

McAfee’s survey found that 28 percent of children worldwide have suffered racially motivated cyberbullying, according to their parents.

This threat presents itself most prominently in the US and India, with the reported rate of racially motivated cyberbullying at 34 percent in the US and 42 percent in India. UK (19 percent), France (17 percent), Japan (16 percent), and Mexico (14 percent) report rates well below the average.

Overall, Twenty-two percent of children as young as 10 years old report being the victim of racially motivated cyberbullying.

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India’s Competition (Amendment) Bill 2022 was introduced in the parliament on Aug 5 to give the competition regulator more power, including recruiting experts to help scrutinise tech mergers and acquisitions more closely. Intel achieved ‘net positive’ water status in India, meaning it returned more fresh water through recycling and conservation efforts than it consumed.

Notes:

India’s Competition (Amendment) Bill 2022 was introduced in parliament on Friday, to empower the competition regulator to scrutinise tech mergers and acquisitions more closely. The introduction was tracked by PRS Legislative Research.

One important aspect of the amendment is the expansion of the scope of the areas that the competitions authority will cover, giving it the power to recruit experts in the field of technology.

In recent years, the Competition Commission of India has taken up multiple investigations of big tech companies including Google, Apple and Amazon.

Intel achieved ‘net positive’ water status in India, meaning it returned more fresh water through recycling and conservation efforts, than it consumed, Economic Times reports, citing the semiconductor giant’s country head.

This makes India the third market where Intel has achieved this status, ahead of its 2030 deadline, according to ET.

Last week, Intel announced its first green bond to raise $1.25 billion for sustainability projects in six areas. These include green buildings, energy efficiency, circular economy and waste management, greenhouse gas emissions reductions, water stewardship, and renewable electricity.

Binance, the world’s largest crypto exchange by trading volume, said on Friday it doesn’t own India-based platform WazirX, two and a half years after it said it had acquired WazirX, TechCrunch reports.

Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets that the company has been “trying to conclude the deal for the past few years,” but hasn’t completed the transaction yet citing “a few issues” that he didn’t elaborate on, according to TechCrunch.

The clarification follows India’s Enforcement Directorate's freezing of WazirX’s assets worth over $8 million, citing suspected violation of foreign exchange rule. WazirX is the largest crypto exchange in India by volume, according to TechCrunch.

Amazon is acquiring iRobot, the maker of the Roomba vacuum cleaner, for $1.7 billion in an all-cash deal, the companies announced Friday, according to CNBC.

The deal will deepen Amazon’s presence in consumer robotics, where the ecommerce giant unveiled a home robot last year, called Astro. That robot, which costs about $1,450, is equipped with Amazon’s Alexa voice assistant and can follow people around their homes.

Amazon, Google, and Samsung are among the tech giants developing smart home technologies, while many startups are in the game as well.

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Y Combinator has cut the number of startups within its accelerator for the Summer 2022 batch by 40 percent, citing the global economic slowdown, TechCrunch reports. The cohort, currently on, has nearly 250 companies, while there were 414 companies in the previous batch, according to TechCrunch. AWS has launched new subscriptions to its cloud tech learning at attractive rates. And MIT researchers have built an artificial synapse that’s faster than those in the human brain.

Notes:

Y Combinator has cut the number of startups within its accelerator for the Summer 2022 batch by 40 percent, citing the global economic slowdown, TechCrunch reports. The cohort, currently on, has nearly 250 companies, while there were 414 companies in the previous batch, according to TechCrunch.

This latest move by YC illustrates that even early-stage companies are not immune to the effects of the downturn, and in May, the accelerator advised founders to “plan for the worst,” TechCrunch notes.

Amazon Web Services has launched Skill Builder Individual and Team subscriptions for as little as $29 in the US, a senior company executive announced in a blog post yesterday. “This is a new way for you to learn about cloud technologies and get practical experience with hands-on training,” Sebastien Stormacq, principal developer advocate at AWS, says in his post.

The foundations are available online for free, and the new subscriptions announced yesterday give users access to a range of exclusive content to advance their cloud skills and prepare for AWS Certification exams with self-paced, digital training. The subscriptions allow users to learn AWS services with hands-on activities, according to Stormacq.

Scientists and engineers in America’s Massachusetts Institute of Technology – or MIT as it’s known around the world – have developed a device that works like the synapses in the human brain, but a million times faster – which advances the field of analogue deep learning, the researchers said in a press release.

Programmable resistors are the key building blocks in analog deep learning, just like transistors are the core elements for digital processors, they said. By repeating arrays of programmable resistors in complex layers, researchers can create a network of analogue artificial neurons and synapses that execute computations just like a digital neural network. This network can then be trained to achieve complex AI tasks like image recognition and natural language processing, according to the release.

The MIT researchers set out to push the speed limits of a type of human-made analogue synapse that they had previously developed. They used a practical inorganic material in the fabrication process that enables their devices to run 1 million times faster than previous versions, which is also about 1 million times faster than the synapses in the human brain, they said in the release.

This inorganic material also makes the resistor extremely energy efficient. Unlike materials used in the earlier version of their device, the new material is compatible with silicon fabrication techniques, according to the engineers.

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Google is launching a new initiative called “Simplicity Sprint” to improve efficiency and focus as the global economic slowdown grinds on, after reporting back-to-back quarters of weaker-than-expected earnings. Linus Torvalds, the Finnish software developer who created Linux, yesterday, used an Apple MacBook running on an M1 chip to release the latest version of the open-source software.

Notes:

Google is launching an initiative called “Simplicity Sprint” to improve efficiency and focus within the company, as the global economic slowdown grinds on, after reporting back-to-back quarters of weaker-than-expected earnings, CNBC reported yesterday.

The internet giant, with 174,000 employees, had its regular all-hands last Wednesday, and CEO Sunder Pichai told staff that the company’s productivity isn’t where it needs to be even with the headcount it has, according to CNBC.

“There are real concerns that our productivity as a whole is not where it needs to be for the headcount we have,” he said, according to CNBC.

Sprint is a term often used by software teams and startups to talk about short pushes towards common goals, CNBC explains. Simplicity Sprint is an effort to crowdsource ideas from staff on how to do better overall as a company, according to CNBC, which has seen an internal Google survey being conducted as part of the exercise.

Based on some of the questions in the survey, there could be cutbacks in some areas, according to CNBC. While not looking at paring overall headcount, the company’s HR boss, who fielded a question on layoffs during the townhall, didn’t rule it out, according to CNBC.

Linux fans who also want the best hardware that lasts could be a step closer to using the open-source software on Apple silicon. Linus Torvalds, the creator of Linux, yesterday released the next version of the Linux kernel, called version 5.19, using an Apple MacBook laptop running on the M1 chip.

“On a personal note, the most interesting part here is that I did the release (and am writing this) on an arm64 laptop. It's something I've been waiting for for a _loong (sic)_ time, and it's finally a reality, thanks to the Asahi team,” Torvalds wrote in a post, announcing the new release.

Asahi Linux is a project among Linux developers to get the software running on Apple hardware.

“We've had arm64 hardware around running Linux for a long time, but none of it has really been usable as a development platform until now,” Torvalds wrote.

Indonesia has blocked search engine website Yahoo, payments company PayPal and several gaming websites for not complying with the country’s licensing rules, Reuters reported over the weekend, citing a government official. The ban sparked a backlash on social media, according to Reuters.

Meanwhile, India extended its ban of China-backed apps and games to include Battlegrounds Mobile India from Krafton, which counts China’s Tencent as a major investor, TechCrunch reports.

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