Tech billionaires earning more while paying less taxes: Report

The report, which scanned secret Internal Revenue Service (IRS) files, revealed the top US income-earners and how their tax rates vary more than their incomes. https://ift.tt/dQ0IBEC

Rapido, whose bike taxi service is available in about 100 Indian cities, raises a $180M Series D led by Swiggy, at a $800M valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Rapido, whose bike taxi service is available in about 100 Indian cities, raises a $180M Series D led by Swiggy, at a $800M valuation  —  Swiggy has led a $180 million financing round into bike taxi startup Rapido as the Indian food delivery giant looks to broaden its fleet network across the country, the two firms said on Friday.

PitchBook NVCA report: US investments in Q1 remained strong at $70.7B, but IPOs and exits slowed to $33.6B after three consecutive quarters over $192B (Dean Takahashi/VentureBeat)

Dean Takahashi / VentureBeat:
PitchBook NVCA report: US investments in Q1 remained strong at $70.7B, but IPOs and exits slowed to $33.6B after three consecutive quarters over $192B  —  Venture capital dealmaking activity and exits slowed in the first quarter after a record-breaking 2021, according to the Q1 2022 PitchBook-NVCA Venture Monitor.

Filing: Elon Musk delivers a non-binding proposal to acquire all of Twitter's outstanding stock for $54.20/share in cash, in a deal worth $43B; TWTR jumps 10%+ (Bloomberg)

Bloomberg:
Filing: Elon Musk delivers a non-binding proposal to acquire all of Twitter's outstanding stock for $54.20/share in cash, in a deal worth $43B; TWTR jumps 10%+  —  Elon Musk has offered to buy Twitter for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports.

Elon Musk offers to buy Twitter for $41 billion

Billionaire Elon Musk has offered to buy Twitter for about $41 billion, just days after rejecting a seat on the social media company's board. https://ift.tt/qC82wKl

A look at AI tools built by sales and customer service software companies like Uniphore and Sybill to detect human emotions, as Zoom unveils Zoom IQ for Sales (Kate Kaye/Protocol)

Kate Kaye / Protocol:
A look at AI tools built by sales and customer service software companies like Uniphore and Sybill to detect human emotions, as Zoom unveils Zoom IQ for Sales  —  Virtual sales meetings have made it tougher than ever for salespeople to read the room.  So, some well funded tech providers …

Unreal Engine 5: 10 key features you should know about

https://ift.tt/R0qBH7w

Sources: Sequoia India's Shailendra Singh leaves fashion marketplace Zilingo's board, amid a probe into its accounting methods and suspension of CEO Ankiti Bose (Bloomberg)

Bloomberg:
Sources: Sequoia India's Shailendra Singh leaves fashion marketplace Zilingo's board, amid a probe into its accounting methods and suspension of CEO Ankiti Bose  —  Sequoia Capital India's Shailendra Singh has stepped down from the board of troubled Zilingo Pte following questions …

Apple CEO Tim Cook says that the company is continually fighting for this fundamental human right

Tech giant Apple's CEO Tim Cook has used his IAPP Global Privacy Summit keynote speech to discuss privacy and trust in the digital economy. https://ift.tt/uNOEh7U

Meta's plan to take up to a 47.5% cut of each virtual transaction on Horizon Worlds draws criticism from NFT proponents; OpenSea takes a 2.5% cut (Daniel Van Boom/CNET)

Daniel Van Boom / CNET:
Meta's plan to take up to a 47.5% cut of each virtual transaction on Horizon Worlds draws criticism from NFT proponents; OpenSea takes a 2.5% cut  —  Meta, previously known as Facebook, is figuring out how to monetize the metaverse. … It's been nearly six months since the company formerly known …

Salsify, which helps e-commerce brands manage inventory, raises a $200M Series F led by TPG at a $2B valuation and says it has 1,200 customers (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Salsify, which helps e-commerce brands manage inventory, raises a $200M Series F led by TPG at a $2B valuation and says it has 1,200 customers  —  E-commerce is booming, but it's become increasingly apparent over the years that the businesses that are able to capitalize on that trend …

This UPI move by CoinSwitch Kuber and WazirX may not be good news for crypto investors in India

India has spent years on a law to ban or regulate cryptocurrencies, with its central bank backing a ban over their threat to financial stability, but a recent decision to tax income from them suggests acceptance by authorities. https://ift.tt/lvnWZQP

Google says it will invest $9.5B across 2022 to build US offices and data centers, with plans to create 12,000 jobs, up from the $7B announced in 2021 (Giles Turner/Bloomberg)

Giles Turner / Bloomberg:
Google says it will invest $9.5B across 2022 to build US offices and data centers, with plans to create 12,000 jobs, up from the $7B announced in 2021  —  Google said it will invest $9.5 billion in offices and data centers in the U.S. over 2022., putting money behind its bid to get more workers back in its buildings.

OpenAI's DALL-E 2 and other AI models' ability to generate new content at zero marginal cost has major implications for the metaverse, social networks, and more (Ben Thompson/Stratechery)

Ben Thompson / Stratechery:
OpenAI's DALL-E 2 and other AI models' ability to generate new content at zero marginal cost has major implications for the metaverse, social networks, and more  —  Last week OpenAI released DALL-E 2, which produces (or edits) images based on textual prompts; this Twitter thread from @BecomingCritter …

IAB: US digital ad spend rose 35% YoY to $189B in 2021, the largest gain since 2006; 10 publishers and platforms took 78.6% of the total, up from 78.1% in 2020 (Megan Graham/Wall Street Journal)

Megan Graham / Wall Street Journal:
IAB: US digital ad spend rose 35% YoY to $189B in 2021, the largest gain since 2006; 10 publishers and platforms took 78.6% of the total, up from 78.1% in 2020  —  Advertising has followed shopping online during the pandemic at a breathless rate.  The ad spend was concentrated—78.6% …