🪅 Heap Heap Hurray Ed. #59

Sending you Friday morning cheer! Have a fantastic day and an even better weekend.

#InfoSysNotGivingInfo - Infosys has yet again emphasised on its dedication to generative AI at its latest Q1 FY25 results. The IT giant announced that it is doubling its AI pipeline to $1.5 billion this quarter. TCS is now also working on around 270 AI projects worldwide. But details about the statistics on its AI projects are still unknown

#iPhoneMania - Apple’s total annual sales in India jumped by 33% to nearly $8 billion, according to a Bloomberg report. India represents just 2% of Apple's overall sales, and most estimates have Android controlling over 80% of the market. The iPhone is seen as a luxury item in much of India.

#JobSecurityNightmare - BYJU'S' employee strength is just a fraction of what it used to be. Current employees have been actively searching for new opportunities ever since the company started facing challenges meeting payroll. Recently, the NCLT admitted a plea filed by the Board of Control for Cricket in India (BCCI) to initiate a corporate insolvency resolution process for Think and Learn Private Limited and this has only added to the chaos.

#OlaOwnsIt - Bhavish Aggarwal, CEO of Ola, just challenged Google by offering free (Ola) maps API access to Indian devs! This was in response to Google slashing prices for using its Maps. Savage, right?

WazirX Confirms $230M Security Breach
Indian crypto exchange WazirX reported a security breach involving a $230 million suspicious transfer from its Liminal multisig wallet. The attack, attributed to North Korea-linked hackers, saw over 200 cryptocurrencies stolen. WazirX has paused withdrawals, while other Indian exchanges, CoinSwitch and CoinDCX, assured users of their security.

Microsoft Unveils AI-Powered Designer App
Microsoft’s AI-powered Designer app is coming out of preview for both iOS and Android users. Microsoft Designer lets you use templates to create custom images, stickers, greeting cards, invitations, and more. The mobile app includes the ability to create images and edit them on the go.

GPT-4o Mini: OpenAI's Latest Language Model Innovation
OpenAI, a cutting-edge AI research company, has announced the launch of GPT-4o mini, a smaller and more affordable version of its advanced language model, GPT-4. This new model will replace GPT-3.5 Turbo in ChatGPT, making it accessible to more users, including free subscribers and those with ChatGPT Plus or Team subscriptions. GPT-4o mini will also soon be available for ChatGPT Enterprise users.

Magic CLI | A command line utility which uses LLMs to help you use the command line more efficiently

Vault | A tool for secrets management, encryption as a service, and privileged access management

Mermaid | Generation of diagrams like flowcharts or sequence diagrams from text in a similar manner as markdown

Event Sourcing with Lambda and DynamoDB
This article introduces a demo app that showcases how to build an event-sourced system using Lambda and DynamoDB. You will learn how to create an account, check balance, withdraw money, and credit the account using DynamoDB as the datastore. They will also understand how to avoid reading lots of data on every request and learn about snapshotting and event replay. Additionally, the article will explore how to protect against concurrent updates and optimize endpoint performance. Knowing how to build event-sourced systems is essential for serverless architecture and will help you in your career advancement

The Future Of Flutter
Google’s Flutter team was among those cut during the company”s May layoffs. A Flutter and Firebase developer who goes by the name xeladu wrote that after a discussion with an unnamed “Google Flutter developer expert,” the developer wouldn’t recommend learning the language. “I’d rather say no to be totally honest. Only do it if you just want to play around. Then it will be fine. But becoming a serious professional Flutter. developer could probably be a waste of time,’ xelADu wrote.

Bhutan's First AI Startup
NoMindBhutan is the country’s first artificial intelligence startup that makes and deploys chatbots. The company has eight clients, including the Bhutan National Bank, the country's flag carrier Drukair – Royal Bhutan Airlines, and the Ministry of Industry, Commerce and Employment.

Google's Shift to Selective Indexing
In a drastic change, Google has stopped indexing most content on the web, favoring instead extreme uniqueness, perceived authority, and brand recognition. This shift comes as AI-generated content on the horizon poses a threat to Google's original goal of indexing the world's information. AI-generated content has become indistinguishable from human-written text, forcing Google to reevaluate its approach to search indexing.