Category: Technology
I-T department invites comments on draft rules for valuing startup investment by non-residents
[ad_1] The income tax department on Friday invited comments from stakeholders on rules for valuing non-resident investment in unlisted startups. The Central Board of Direct Taxes (CBDT) has issued a draft notification inviting comments on the draft rule 11UA of Income-tax Rules, 1962, pertaining to the method of computation of fair market value (FMV) of ...
Tencent: Tencent offloads 2% stake in PB Fintech for Rs 562 crore
[ad_1] Chinese technology behemoth Tencent on Friday offloaded a 2.09% stake in Gurugram-based financial services company PB Fintech for Rs 562 crore through bulk deals, data from BSE stated. Tencent sold the shares for Rs 596.6 a piece, roughly 39% below PB Fintech’s IPO price of Rs 980. As per the latest transaction, Tencent’s shareholding ...
tesla: Ford CEO says Tesla Superchargers may become the standard for EV charging
[ad_1] Ford CEO Jim Farley said Tesla‘s Superchargers may become the standard for EV charging in the U.S., a day after the Michigan-based company struck a deal allowing Ford owners to gain access to the rival charging stations in North America. “I think there’s a chance you know,” Farley said on Friday in response to ...
Indian Startups: ETtech Deals Digest: Late-stage investments boost funding in Indian startups to $447 million this week
[ad_1] Indian startups secured a total of $447 million in funding this week across 20 rounds, according to data provided by market intelligence firm Tracxn, a 124% surge compared to the same period last year, when startups had raised $188 million across 66 rounds. The funding was bolstered by late-stage investments in app development startup ...
ford news: Tesla, Ford CEOs to talk EVs in Twitter forum
[ad_1] Tesla Inc CEO Elon Musk and Ford Motor Co CEO Jim Farley on Thursday will discuss efforts on “accelerating EV adoption in North America” during an online Twitter conversation, Ford said. The Twitter Spaces conversation will take place at 5:30 p.m. EDT (2130 GMT). Musk also owns Twitter. The event comes just a day ...
tiktok: TikTok tests AI chatbot ‘Tako’ in the Philippines
[ad_1] Social media platform TikTok said on Thursday it is in the early stages of exploring a chatbot called “Tako” that can converse with users about short videos and help them discover content, and is conducting tests with select users in the Philippines. OpenAI, backed by Microsoft Corp, last year launched chatbot ChatGPT, offering arguably ...
nvidia: Semiconductor index surges with Nvidia leading race to AI ‘gold rush’
[ad_1] The Philadelphia semiconductor index hit its highest level in more than a year on Friday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking center stage after Nvidia Corp wowed investors with financial targets that blew past analyst expectations. The semi index was last up 6.3% after hitting ...
sam altman: OpenAI’s Sam Altman raises $115 million in funding for Worldcoin crypto project
[ad_1] OpenAI Chief Executive Sam Altman has raised $115 million in a Series C funding round led by Blockchain Capital for a cryptocurrency project he co-founded. The project, Worldcoin, aims to distribute a crypto token to people “just for being a unique individual”. The project uses a device to scan irises to confirm their identity, ...
tiktok: TikTok testing AI chatbot called ‘Tako’, research firm says
[ad_1] Social media platform TikTok is testing an artificial intelligence (AI) chatbot that can converse with users about short videos and help them discover content, an app intelligence firm said. Israeli-based Watchful Technologies said it has found the AI chatbot dubbed “Tako” on some versions of the TikTok app on Apple Inc mobile devices. Screenshots ...
openai: OpenAI raises $175 million for startup investment fund
[ad_1] Artificial intelligence startup OpenAI has closed an investment fund, according to a Securities a Exchange Commission filing. The fund has a value of more than $175 million, the document shows. OpenAI has been investing in startups working in artificial intelligence for a while. The company launched the OpenAI Startup Fund and said it would ...