Monday, July 29, 2024

Removal of angel tax for startups to help attract investors: Piyush Goyal

Angel tax (income tax at 30% rate) was imposed on funding raised by unlisted companies, or startups, if their valuation exceeded the company's fair market value.

from Tech-Economic Times https://ift.tt/9CVn3Dq

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...