Saturday, February 1, 2025

India announces a new $1.15B Fund of Funds for startups with an "expanded scope" compared to previous initiatives, and extends tax benefits for startups (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India announces a new $1.15B Fund of Funds for startups with an “expanded scope” compared to previous initiatives, and extends tax benefits for startups  —  India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms …



In a Reddit AMA, Sam Altman admitted that DeepSeek has lessened OpenAI's lead and said OpenAI has been "on the wrong side of history" concerning open sourcing (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch:
In a Reddit AMA, Sam Altman admitted that DeepSeek has lessened OpenAI's lead and said OpenAI has been “on the wrong side of history” concerning open sourcing  —  To cap off a day of product releases, OpenAI researchers, engineers, and executives, including OpenAI CEO Sam Altman …



A look at the online scam industry in Southeast Asia and how Indians became its targets; 2,358 Indians were rescued from scam compounds between 2022 and 2024 (Ayush Tiwari/Scroll.in)

Ayush Tiwari / Scroll.in:
A look at the online scam industry in Southeast Asia and how Indians became its targets; 2,358 Indians were rescued from scam compounds between 2022 and 2024  —  Essential background on how the online scam industry sprung up and evolved - and how Indians became its targets.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...