Silver Lake acquires minority stake in cloud software maker TeamSystem for $660 million

The investment is worth €600 million ($660.48 million), TeamSystem said in a statement, adding that H&F will remain the majority shareholder after the transaction closes.

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Dark cloud over ChatGPT revolution: the cost

When Microsoft, which poured billions of dollars in investment into OpenAI, was asked about how much its AI adventure will cost, the company answers with assurances that it is keeping an eye on its bottom line.

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For VCs, renewed angel tax kills devil in details

Investors laud clarity on tax incidence, say it stops arbitrary application

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WhatsApp faces first fine in Russia for failure to delete 'banned' content

Messenger service WhatsApp faces a maximum fine of 4 million roubles (51,500) after Russia accused it of failing to delete banned content, state-owned news agency RIA reported on Friday, citing a Moscow court.

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Samsung not planning to replace Google with Bing in phones: report

Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp's Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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Building entry barriers in fintech; and other top tech & startup stories this week

The free run that Indian fintech founders had is a thing of the past. Not only has the regulator stepped in to check the speed of innovation, banks are also looking to work only with regulated fintechs.

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Delhivery Q4 revenue falls 10%, loss widens to Rs 158 crore

The company said its adjusted Ebitda turned positive in the quarter at Rs 6 crore compared to Rs 67 crore loss in Q3FY23.

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