Healthtech investor HealthXCapital merges into Jungle Ventures

Jungle Ventures invests in early- to growth-stage companies in Southeast Asia and India. Its portfolio includes Moglix, Livspace, Builder.ai and Atomberg.

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OpenAI acquires startup Global Illumination to work on core products, ChatGPT

New York-based Global Illumination was founded in 2021 by Thomas Dimson, Taylor Gordon and Joey Flynn, all of whom have previously worked at Meta Platforms' Instagram.

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Texas approves plan to mandate Tesla tech for EV chargers despite opposition

The decision by Texas - the biggest recipient of a $5 billion program meant to electrify U.S. highways - is being closely watched by other states and is a step forward for Tesla CEO Elon Musk's plans to make its technology the U.S. charging standard.

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The desperate hunt for the AI boom's most indispensable prize

More than money, engineering talent, hype or even profits, tech companies this year are desperate for GPUs. The hunt for the essential component was kicked off last year when online chatbots like ChatGPT set off a wave of excitement over AI, leading the entire tech industry to pile on and creating a shortage of the chips.

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Money e-gaming companies face Rs 45,000 crore tax demand

Online money gaming companies in India may have to pay about ₹45,000 crore ($6 billion) in additional taxes as they may have paid only 18% on gross gaming revenue, being games of skill, instead of the 28% prescribed in law since the rollout of the GST in 2017. According to officials from the Directorate General of GST Intelligence (DGGI), the gaming industry paid ₹45,000 crore less tax and could owe about ₹50,000 crore.

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SaaS founders are grabbing talent amid tech layoffs

Candidates are also increasingly choosy about startups they join, asking founders questions about cash runway and growth projections of the companies for quarters ahead.

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Latin Americans fall prey to more online scams as cybersecurity lags

Latin America's recent progress on technological inclusion has created new opportunities for scams, experts say, with the pandemic fueling a trend toward mobile banking and shopping.

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