Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk

Tiger Global, Other Investors Ask Indian Government to Reconsider Online Gaming Tax, Cite Investment Risk

ByNews Polite

Tiger Global, Peak XV and Steadview Capital are among 30 foreign and domestic investors asking Indian Prime Minister Narendra Modi to review a 28 percent gaming tax, saying the levy would adversely impact $4 billion (roughly Rs. 32,811 crore) in prospective investments, a letter showed. India last week announced the…

Microsoft-Backed AI4Bharat Said to Raise $12 Million Funding From Peak XV, Lightspeed

Microsoft-Backed AI4Bharat Said to Raise $12 Million Funding From Peak XV, Lightspeed

ByNews Polite

Researchers at AI4Bharat, a start-up backed by Microsoft, are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users…

AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed

AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed

ByNews Polite

Researchers at India’s AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI‘s ChatGPT dazzled users with…