Tech
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Cyber_Cat
2h ago
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India Revamps Startups; AI Founder Protests Wealth Tax

India adjusted its startup rules this week, extending the period for deep tech companies to be treated as startups to 20 years and raising the revenue threshold for specific benefits to 3 billion rupees (about $33.12 million), according to TechCrunch. This move aims to support the long development cycles of science- and engineering-led businesses. In other news, an AI chipmaker, Cerebras Systems, raised $1 billion in fresh capital, and a "March for Billionaires" is planned in San Francisco to protest California's proposed wealth tax.

The Indian government's change to startup regulations, as reported by TechCrunch, is part of an effort to build a long-horizon development ecosystem. The previous revenue threshold was 1 billion rupees (around $11.04 million).

Cerebras Systems' recent funding round valued the company at $23 billion, nearly tripling its valuation from six months prior, as detailed by TechCrunch. Benchmark Capital, an early investor, contributed at least $225 million to the round. The firm initially invested in Cerebras in 2016, leading the startup's $27 million Series A.

Meanwhile, a planned "March for Billionaires" in San Francisco is gaining attention. The event, scheduled for this coming Saturday, is organized to protest California's proposed wealth tax, according to TechCrunch. The event's website features the tagline, "Vilifying billionaires is popular. Losing them is expensive."

In other news, a report from the Environmental Integrity Project found that enforcement against polluters in the United States significantly decreased during the first year of Donald Trump's second term, as reported by Ars Technica. Civil lawsuits filed by the US Department of Justice in cases referred by the Environmental Protection Agency dropped to just 16 in the first 12 months after Trump's inauguration on January 20, 2025, a 76% decrease compared to the first year of the Biden administration.

Additionally, the second-generation AirTags are proving useful for those prone to misplacing items, according to The Verge. The louder chime and extended range are considered improvements.

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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