US jury says Google owes Sonos $32.5 million in smart-speaker patent case

The case is part of a sprawling intellectual property dispute between the former collaborators that includes other lawsuits in the US, Canada, France, Germany and the Netherlands.

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India's leading business and tech schools explore coexistence with artificial intelligence

While some institutes are jittery about students using artificial intelligence-driven language programmes to put together assignments and projects, most look at it as the next innovation frontier that is impossible to ignore, top officials told ET.

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Jobs in startupland shrink 30%; hikes fall amid funding freeze

Employees at startups are seeing only 10% annual hikes on the higher side, while many are even forced to take a 10% cut, show findings of a report.

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Tencent offloads 2% stake in PB Fintech for Rs 562 crore

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 in PB Fintech has reduced to 6.28% from 8.37% (as of March 2023).

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I-T department invites comments on draft rules for valuing startup investment by non-residents

Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.

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Hyundai, LG announce $4.3-billion plant in Georgia to build batteries for electric vehicles

The Hyundai-LG plant is supposed to be able to supply batteries for 300,000 electric vehicles per year, which is the initial projected production of the adjoining vehicle assembly plant.

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OpenAI offers $100,000 grants for ideas on AI governance

The $100,000 grants will go to recipients who present compelling frameworks for answering such questions as whether AI ought to criticize public figures and what it should consider the "median individual" in the world, according to a blog post announcing the fund.

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