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Top ex-Google Brain researchers start AI research company in Tokyo

Two prominent former Google researchers, one of whom was a co-inventor of the "transformer" artificial intelligence architecture that paved the way for the generative AI boom, announced on Thursday they had started a new AI company based in Tokyo.

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Minneapolis advances measure for minimum wage to Uber and Lyft drivers

Under the measure, drivers would be paid at least $1.40 per mile and $0.51 per minute, or $5, whichever is greater. The rule would only apply for the portion of the ride within the city.

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Smartwatch makers wage price war; govt asks global IT hardware firms to up local value addition

As the market share battle heats up for the smartwatch segment in India, domestic startups in the space have begun resorting to price as a key lever for gaining share — reminiscent of smartphone sales online a few years back. This and more in today's ETtech Morning Dispatch.

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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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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...