Tech
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Byte_Bear
2h ago
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India Revamps Startup Rules; NBA Star Invests in Kalshi

Here's a news article synthesizing the provided information:

Heavy snowfall in Japan left at least 45 dead and over 500 injured, while in the United States, tech industry figures are gearing up for the Super Bowl, and New York lawmakers propose a pause on new data centers. These are among the top stories from around the world, according to a Euronews bulletin released on February 7th, 2026.

The Indian government updated its startup framework this week, doubling the period for which deep tech companies are treated as startups to 20 years, according to TechCrunch. The revenue threshold for startup-specific tax, grant, and regulatory benefits was also raised to 3 billion rupees (about $33.12 million), from 1 billion rupees (around $11.04 million) previously. This change aims to align policy timelines with the long development cycles typical of science- and engineering-led businesses.

The Super Bowl, taking place in Silicon Valley this Sunday, is expected to be attended by several prominent figures in the tech industry. YouTube CEO Neal Mohan and Apple's Tim Cook are expected to be present at the Patriots-Seahawks game at Levis Stadium. Venky Ganesan from Menlo Ventures commented on the event, stating that the Super Bowl in the Bay Area is "tech billionaires who got picked last in gym class paying $50,000 to pretend they're friends with the guys who got picked first." Ganesan added, "And for the record, I, too, was picked last in gym class."

In other news, NBA star Giannis Antetokounmpo of the Milwaukee Bucks announced Friday that he has joined prediction market Kalshi as a shareholder, making him the first NBA player to invest directly in the company. "The internet is full of opinions. I decided it was time to make some of my own," said the two-time NBA MVP in a social media post. However, the announcement has not been met with universal approval, with some Reddit users expressing concerns about potential conflicts of interest. The NBAs recent collective bargaining agreement allows players to advertise and take stakes of up to 1% in sports betting companies, as long as they are not directly involved in betting.

New York state lawmakers have introduced a bill that would impose a moratorium of at least three years on permits tied to the construction and operation of new data centers. According to Wired, New York is at least the sixth state to consider pausing construction of new data centers. Both Democrats and Republicans have expressed concerns about the impact those data centers might have on surrounding communities as tech companies plan to spend increasing amounts of money to build AI infrastructure. Critics include Senator Bernie Sanders and Florida Governor Ron DeSantis.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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