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StartupDaily
7d
395
What gaming job ads data tells us about when you’re getting a new game
- Games Job Live has created a dataset that tracks job vacancies in the game development industry with insights into the labour market trends, training programs and career requirements for game developers. The dataset reveals evolving trends highly relevant to the games industry and plays a role in helping game studios and education providers align their offerings with industry needs. It also serves as a bellwether for training requirements and career choices for developers, in addition to providing additional insights to studio movements around a new game release.
- Games Job Live currently covers only four countries, including the UK, Australia, France and Belgium, with a handful of US listings from UK-based game developers with exposure to that market. Macdonald emphasises the importance of the dataset's application for labour trends in the games development industry over other areas.
- Australia has buffered the bulk of redundancies — now reportedly totalling over 14,000 globally — due to the majority of its gaming industry being indie-focused. The UK, on the other hand, is more exposed as most of its game development is focused on AAA games.
- Most developers are looking for experienced talent to work in game development, suggesting both a shortage and a requirement for larger developers to train existing talent internally into roles instead of trying to hire experienced developers.
- Coders are always in demand, but compared to the UK, the Australian games industry has a healthy appetite for art specialists. This checks out as art style can make or break indie games.
- Job vacancy data can hint at a change of direction or even a delay for a studio's major game release. Although the industry rarely gives anything away ahead of time, changes in a developer's hiring habits on a macro level can provide insight.
- Alan Wake 2's complete set of downloadable add-ons, including Night Springs and The Lake House, have rich storytelling, are excellently voice-acted, and come with banger music tracks that play when credits roll.
- Night Springs is essentially a video game version of The Twilight Zone exploring funk hypotheses. The Lake House loops in the main story and follows the path of Federal Bureau of Control agent Kiran Estevez, ahead of the encounter with her in the main game.
- Estevez is a trained agent of the Federal Bureau of Control, handling the supernatural being her day job. Both of Alan Wake 2's add-ons are incredibly rich in storytelling and offer highly interesting subversions of what is anticipated from horror protagonists.
- Both add-ons, like the main game, are available on PlayStation 5, Xbox Series X and Series S, GeForce Now, and Microsoft Windows, and are worth trying if you like Alan Wake 2 and want more, the recent Silent Hill 2 remake, or Resident Evil series.
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StartupDaily
7d
212
The ATO said it has ‘issues with the tech sector’ as report reveals Apple’s taxable income is just 4% of local revenue
- Around 30% of entities that lodged tax returns for the 2022–23 financial year did not pay any tax in Australia, including big names in technology like TPG Telecom, Sony Australia, Netflix Australia, and Canva.
- The Australian Taxation Office (ATO) issued its tenth corporate tax transparency report disclosing that more than 1,200 organisations did not pay tax for the given financial year.
- The ATO has issues with the tech sector, and smaller names which paid no tax included cybersecurity companies CyberCX, Trend Micro, and Tesserant; IT company Datacom; telecommunications company Superloop; fintech firm Zip Co; and Chinese giant Huawei Technologies.
- According to Assistant Treasurer Stephen Jones, identifying multinational tax avoidance is a “huge priority for the government”, and some businesses rightly do not always pay tax, such as when they have made a big capital investment.
- However, large technology corporations have often been accused of using sophisticated accounting to minimise what they owed under Australia’s 30% corporate tax rate. Microsoft’s local data centre business paid no tax in 2022-23 on $1.1 billion of income.
- The ATO’s report showed that for a second year in a row, the mining sector paid more tax than all other sectors combined.
- The ATO outlined how it uses artificial intelligence (AI) technologies to improve its processes and crack down on tax avoidance. AI systems are used to review large quantities of unstructured data, generate risk models, and provide real-time prompts to taxpayers.
- AI was used to process 36 million documents, raising more than AUD 256 million in liabilities and collecting over AUD 65 million in cash. AI is also used for fraud protection, matching information submitted by taxpayers, and identifying high-risk work-related expense claims.
- Apple’s taxable income is just 4% of its local revenue, paying just over AUD 142 million tax in 2022-23 after making over AUD 12 billion in Australia.
- Facebook Australia, while it reported almost AUD 1.3 billion in income, paid almost AUD 38 million in tax, while Google Australia paid AUD 124 million tax on nearly AUD 2 billion of income, and its Google Cloud arm paid just under AUD 9 million tax on AUD 158 million income.
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Gritdaily
7d
29
Image Credit: Gritdaily
Progressive Engineering Advances MVNO Architecture and Enhances Industry Performance
- Transformative innovations in the Mobile Virtual Network Operator (MVNO) field are not just about improving connectivity. They are about redefining the very essence of mobile communication.” says Karthick Cherladine, a leading voice in the telecommunications industry.
- Shaping the Future of MVNOs. MVNOs have become pivotal players over time, bridging gaps and offering competitive alternatives to traditional mobile network operators (MNOs). The industry’s commitment to enhancing performance and customer experience is underscored by recent advancements in MVNO architecture. The rise of 5G technology and innovative business models have solidified MVNOs as pillars of the telecommunications revolution.
- The Role of 5G and Technological Integration. Integrating 5G technology into MVNO frameworks is a game-changer, enabling faster speeds, lower latency, and enhanced network reliability.
- A Diverse and Competitive Market. The MVNO sector’s growth is fueled by diversifying services and target markets. From niche segments like IoT connectivity to mainstream consumer plans, MVNOs are tailoring their offerings to meet specific needs. This strategic diversification is a critical factor in their increasing market share.
- Keeping with the theme of making a splash in a competitive market, Critics argue that the rapid expansion and technological dependence may expose MVNOs to vulnerabilities. While the advancements are impressive, there is a risk of over-reliance on technology, which could lead to operational disruptions.
- Beyond the Basics: Cherladine’s Expertise Redefines Telecom Innovation. With a career rooted in technical innovation and strategic foresight, he has consistently pushed the envelope in an industry that thrives on rapid change and complexity.
- Environmental and Economic Impacts. Beyond technological advancements, MVNOs are also making strides in sustainability. Initiatives to reduce carbon footprints and promote eco-friendly practices are gaining traction.
- Upgrading the Future. In this dynamic sphere, MVNOs are not merely adapting to change; they are driving it. The journey ahead promises further advancements, with MVNOs sending out a signal to strengthen both connectivity and connections.
- “We are at the cusp of a new era in mobile communication, where technology and human-centric processes converge to create unparalleled experiences,” concludes Cherladine.
- “MVNOs captured a large percentage of the global mobile market, and we project this to grow exponentially by 2025,” notes Karthick Cherladine.
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Inc42
7d
366
Image Credit: Inc42
Google Cloud Announces New Initiatives To Foster Early Stage Indian AI Startups
- Google Cloud has announced new initiatives to support early-stage AI startups in India.
- Selected founders will receive $200K in Google Cloud credits under the Google for Startups Cloud Program.
- Partnerships with Y Combinator and other accelerators will provide access to resources and mentorship.
- Google Cloud also announced a partnership with healthtech startup DeliverHealth to build clinical documentation solutions.
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TechCrunch
7d
678
Image Credit: TechCrunch
No, startups shouldn’t always take the highest valuation, seed VCs say
- Startups should avoid aiming for higher valuations without realistic growth prospects.
- Unrealistic valuations can lead to difficulties in raising subsequent rounds of funding.
- High valuations that don't align with actual business growth can hurt employees' stock value.
- Founders should set reasonable valuation expectations and be cautious of nonstandard terms.
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TechCrunch
7d
579
Image Credit: TechCrunch
Symbiotic Security helps developers find bugs as they code
- Symbiotic Security has raised $3 million in a seed round to provide real-time security bug detection while developers code.
- The company aims to teach developers to avoid these bugs in the first place, speeding up the overall development process.
- Symbiotic currently focuses on infrastructure-as-code languages but plans to expand to other languages over time.
- The platform not only detects issues but also provides on-the-spot training for developers to learn and fix the bugs.
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Yourstory
7d
678
Image Credit: Yourstory
Icertis clocks 36.6% jump in net profit to Rs 97 Cr in FY24
- SaaS unicorn Icertis reported a net profit of Rs 97 crore in FY24, a 36.6% jump from the previous fiscal year.
- Operating revenue for Icertis increased by 33% to reach Rs 863 crore in FY24.
- Total expenses for the company grew by 31%, reaching Rs 743 crore in FY24.
- Icertis, a contract life cycle management (CLM) services provider, raised $150 million in funding in 2022 and secured $80 million in a Series F funding round in 2021.
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Inc42
7d
543
Image Credit: Inc42
Zoomcar To Raise $9.15 Mn From Institutional Investors
- Zoomcar plans to raise $9.15 Mn through a private placement of shares to institutional investors.
- The funds will be used to repay outstanding debt, for general corporate purposes, and working capital requirements.
- The deal involves issuing 21.37 Lakh units at $4.28 apiece, including common shares, Series A warrants, and Series B warrants.
- Zoomcar, a car rental marketplace, saw a decrease in net loss and revenue in the first quarter of FY25.
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VIE Stories
7d
137
Image Credit: VIE Stories
AI Startup thesys Raises $4 Mn in Seed Funding
- AI startup thesys has raised $4 Mn in a seed funding round led by Together Fund.
- The startup plans to use the funds to develop its platform for AI-driven user interfaces.
- thesys offers a visual collaboration tool for teams to create UI for AI agents.
- Founders of thesys are Rabi Shanker Guha and Parikshit Deshmukh.
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ISN
7d
701
Image Credit: ISN
Early-stage VC firm Inflexor Ventures announces first close of Rs 350 crore opportunities fund
- Inflexor Ventures has announced the first close of its Rs 350 crore Opportunities Fund, achieving approximately 80% of its target corpus at Rs 280 crore.
- HDFC AMC Select AIF FoF I Scheme is the primary investor in the fund, along with other domestic investors such as HNIs, family offices, and corporates.
- A portion of the Opportunities Fund's corpus will be used to acquire the investment portfolio of Inflexor's first fund and support the growth of existing portfolio companies.
- Inflexor Ventures is a sector-agnostic VC firm with Rs 1,000 crore AUM, focusing on early-stage technology-based companies in India.
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Yourstory
7d
799
Image Credit: Yourstory
WazirX to launch a decentralised exchange and add new features to its existing platform
- Crypto exchange WazirX is developing a decentralised exchange (DEX) to allow direct trading of crypto assets among users, reducing counterparty risk.
- The DEX platform aims to provide better user experience and easier onboarding than centralized exchanges, addressing the limitations of bad user experience and lack of ease in trading on existing DEX platforms.
- WazirX is also introducing three new features on its platform: crypto staking, over-the-counter (OTC) desk, and futures trading.
- The company plans to reopen the exchange in February after a cyber heist and loss of $234.9 million worth of assets.
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Startup Pedia
7d
891
Image Credit: Startup Pedia
Union Minister Nitin Gadkari Feels India Will Be World's Top Auto Hub
- Union Minister Nitin Gadkari believes that India will become the world's top automobile hub within the next decade.
- Gadkari cites India's competitive advantage over China in production costs and labor as a reason for this potential.
- However, high logistic costs in India could be a challenge that needs to be addressed.
- Improving infrastructure, including better roads and ports, will help reduce logistic costs and support India's goal of becoming a global leader in the motor sector.
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Yourstory
7d
654
Image Credit: Yourstory
Flipkart’s delivery arm Instakart reports widening losses, lower revenue in FY24
- Flipkart’s delivery service arm Instakart reported widening losses of Rs 1718.4 crore in FY24, compared to Rs 324.6 crore in the previous year.
- The company's operating revenue decreased by 5% to Rs 12,115.3 crore in FY24.
- Total expenses increased by 6% to Rs 14,149.4 crore, driven by employee benefit and other expenses.
- Logistics services accounted for 78% of Instakart's total operating revenues.
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2 Likes
Analyticsindiamag
7d
939
Image Credit: Analyticsindiamag
Bengaluru-based Spacetech GalaxEye Secures $10 Mn in Series A Funding
- Spacetech startup GalaxEye has raised $10 million in its Series A funding round.
- The funding will support the development of a constellation of multi-sensor satellites.
- These satellites will provide high-resolution, all-weather data for sectors like defence, agriculture, maritime, and insurance.
- The funding round was led by MountTech Growth Fund – Kavachh (MGF-Kavachh).
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VIE Stories
7d
914
Image Credit: VIE Stories
Northern Arc Secures $65 Mn Debt Commitment from Global Development Banks for Maiden Climate Fund
- Northern Arc has secured $65 million in debt commitments for its maiden Climate Fund.
- The debt commitments include $50 million from the United States International Development Finance Corporation (DFC) and $15 million from OeEB, the official Development Bank of the Republic of Austria.
- The climate fund will provide debt financing to businesses involved in energy efficiency, green buildings, e-mobility, sustainable agriculture, and solar energy.
- The fund aims to promote sustainable development and support climate-driven enterprises in India.
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