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  • Intel Labs Explores Low-Rank Adapters and Neural Architecture Search for LLM Compression
    www.marktechpost.com
    Large language models (LLMs) have become indispensable for various natural language processing applications, including machine translation, text summarization, and conversational AI. However, their increasing complexity and size have led to significant computational efficiency and memory consumption challenges. As these models grow, the resource demand makes them difficult to deploy in environments with limited computational capabilities.The primary obstacle with LLMs lies in their massive computational requirements. Training and fine-tuning these models involve billions of parameters, making them resource-intensive and limiting their accessibility. Existing methods for improving efficiency, such as parameter-efficient fine-tuning (PEFT), provide some relief but often compromise performance. The challenge is to find an approach that can significantly reduce computational demands while maintaining the models accuracy and effectiveness in real-world scenarios. Researchers have been exploring methods that allow efficient model tuning without requiring extensive computational resources.Researchers at Intel Labs and Intel Corporation have introduced an approach integrating low-rank adaptation (LoRA) with neural architecture search (NAS) techniques. This method seeks to address the limitations of traditional fine-tuning approaches while enhancing efficiency and performance. The research team developed a framework that optimizes memory consumption and computational speed by leveraging structured low-rank representations. The technique involves a weight-sharing super-network that dynamically adjusts substructures to enhance training efficiency. This integration allows the model to be fine-tuned effectively while maintaining a minimal computational footprint.The methodology introduced by Intel Labs is centered around LoNAS (Low-rank Neural Architecture Search), which employs elastic LoRA adapters for model fine-tuning. Unlike conventional approaches that require full fine-tuning of LLMs, LoNAS enables selective activation of model substructures, reducing redundancy. The key innovation lies in the flexibility of the elastic adapters, which adjust dynamically based on model requirements. The approach is supported by heuristic sub-network searches that further streamline the fine-tuning process. By focusing only on relevant model parameters, the technique achieves a balance between computational efficiency and performance. The process is structured to allow selective activation of low-rank structures while maintaining high inference speed.Performance evaluation of the proposed method highlights its significant improvements over conventional techniques. Experimental results indicate that LoNAS achieves an inference speedup of up to 1.4x while reducing model parameters by approximately 80%. When applied to fine-tuning LLaMA-7B on a 15k unified commonsense reasoning dataset, LoNAS demonstrated an average accuracy score of 65.8%. A comparative analysis of different LoNAS configurations showed that heuristic subnet optimization achieved an inference speedup of 1.23x, while search subnet configurations yielded speedups of 1.28x and 1.41x. Further, applying LoNAS to Mistral-7B-v0.3 in GSM8K tasks increased accuracy from 44.1% to 50.1%, maintaining efficiency across different model sizes. These findings confirm that the proposed methodology significantly enhances the performance of LLMs while reducing computational requirements.Further improvements to the framework include the introduction of Shears, an advanced fine-tuning strategy that builds on LoNAS. Shears utilize neural low-rank adapter search (NLS) to restrict elasticity to the adapter rank, reducing unnecessary computations. The approach applies sparsity to the base model using predefined metrics, ensuring that fine-tuning remains efficient. This strategy has been particularly effective in maintaining model accuracy while reducing the number of active parameters. Another extension, SQFT, incorporates sparsity and low numerical precision for enhanced fine-tuning. Using quantization-aware techniques, SQFT ensures that sparse models can be fine-tuned without losing efficiency. These refinements highlight the adaptability of LoNAS and its potential for further optimization.Integrating LoRA and NAS offers a transformative approach to large language model optimization. By leveraging structured low-rank representations, the research demonstrates that computational efficiency can be significantly improved without compromising performance. The study conducted by Intel Labs confirms that combining these techniques reduces the burden of fine-tuning while ensuring model integrity. Future research could explore further optimizations, including enhanced sub-network selection and more efficient heuristic strategies. This approach sets a precedent for making LLMs more accessible and deployable in diverse environments, paving the way for more efficient AI models.Check out the Paper and GitHub Page. All credit for this research goes to the researchers of this project. Also,dont forget to follow us onTwitter and join ourTelegram Channel andLinkedIn Group. Dont Forget to join our70k+ ML SubReddit.(Promoted) NikhilNikhil is an intern consultant at Marktechpost. He is pursuing an integrated dual degree in Materials at the Indian Institute of Technology, Kharagpur. Nikhil is an AI/ML enthusiast who is always researching applications in fields like biomaterials and biomedical science. With a strong background in Material Science, he is exploring new advancements and creating opportunities to contribute.Nikhilhttps://www.marktechpost.com/author/nikhil0980/Meta AI Introduces MR.Q: A Model-Free Reinforcement Learning Algorithm with Model-Based Representations for Enhanced GeneralizationNikhilhttps://www.marktechpost.com/author/nikhil0980/This AI Paper Introduces IXC-2.5-Reward: A Multi-Modal Reward Model for Enhanced LVLM Alignment and PerformanceNikhilhttps://www.marktechpost.com/author/nikhil0980/Google DeepMind Introduces MONA: A Novel Machine Learning Framework to Mitigate Multi-Step Reward Hacking in Reinforcement LearningNikhilhttps://www.marktechpost.com/author/nikhil0980/This AI Paper Explores Behavioral Self-Awareness in LLMs: Advancing Transparency and AI Safety Through Implicit Behavior Articulation [Recommended] Join Our Telegram Channel
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  • Netflix New Releases: February 2025
    www.denofgeek.com
    Cobra Kais final season is coming to a close this month as part 3 of the shows sixth season arrives on Netflix Feb. 13. This is the last chance for Daniel (Ralph Macchio), Johnny (William Zabka), and the team to complete the Sekai Taikai and win the championship, so the stakes are high for this final chapter.Netflix is taking us back to the world of The Witcher this month with the animated film The Witcher: Sirens of the Deep arriving on Feb. 11. Geralt of Rivia (voiced by the original video game actor Doug Cockle) is drawn into an epic, age-old conflict between humans and merpeople and must find a way to stop a war between the land and the sea.Brand new original series Apple Cider Vinegar and Running Point also premiere this month and are worth checking out if youre looking for a new, slightly scandalous binge.Heres everything else coming toNetflixthis month. Note that Netflix marks its international offerings with that respective countrys two-letter country code. You can find a list of those abbreviationshere.New on Netflix February 2025Coming SoonA Copenhagen Love Story (DK) NETFLIX FILMGraveyard: Season 2 NETFLIX SERIESRoosters (NL) NETFLIX SERIESToo Hot to Handle: Germany: Season 2 (DE) NETFLIX SERIESFebruary 1SAKAMOTO DAYS (JP) NETFLIX ANIME (new episode)Cult of ChuckyFrom Prada to NadaHappy FeetHappy Feet TwoHome Improvement: Seasons 1-8It (2017)Magic Mike XXLMiss CongenialityThe Nice GuysParasiteQueen & SlimRichie RichSpace Jam (1996)SpanglishTwo Weeks NoticeThe Wedding PlannerFebruary 2The FounderFebruary 3Bogot: City of the Lost (KR) NETFLIX FILMFebruary 4The Graham Norton Show: Best Bits: The Week of January 24, 2025February 5Alone Australia: Season 1Celebrity Bear Hunt (GB) NETFLIX SERIESEnvious: Season 2 (AR) NETFLIX SERIESGrimsburg: Season 1Kinda Pregnant NETFLIX FILMPrison Cell 211 (MX) NETFLIX SERIESSintonia: Season 5 (BR) NETFLIX SERIESFebruary 6Apple Cider Vinegar (AU) NETFLIX SERIESThe re Murders (SE) NETFLIX SERIESCassandra (DE) NETFLIX SERIESGolden Kamuy -The Hunt of Prisoners in Hokkaido- NETFLIX SERIESSupreme Models: Limited SeriesSweet Magnolias: Season 4 NETFLIX SERIESJoin our mailing listGet the best of Den of Geek delivered right to your inbox!February 7A Different World: Seasons 1-6The Conners: Season 6The Greatest Rivalry: India vs Pakistan (IN) NETFLIX SPORTS SERIESPokmon Horizons: Season 2The Search for Laqua Part 1 (JP) NETFLIX SERIESWrong Side of the Tracks: Season 4 (ES) NETFLIX SERIESFebruary 8SAKAMOTO DAYS (JP) NETFLIX ANIME (new episode)SpencerFebruary 10AftermathAmerican Pickers: Season 16Rambo (2008)Rambo: Last BloodSurviving Black Hawk Down (GB) NETFLIX DOCUMENTARYFebruary 11Felipe Esparza: Raging Fool NETFLIX COMEDY SPECIALThe Graham Norton Show: Best Bits: The Week of January 31, 2025PeninsulaTrain to BusanThe Witcher: Sirens of the Deep NETFLIX FILMFebruary 12Death Before the Wedding (PL) NETFLIX FILMHoneymoon Crasher (FR) NETFLIX FILMFebruary 13Cobra Kai: Season 6: Part 3 NETFLIX SERIESDog Days Out NETFLIX FAMILYThe Exchange: Season 2 (KW) NETFLIX SERIESLa Dolce Villa NETFLIX FILMResident Alien: Season 3Trial by FireFebruary 14I Am MarriedBut! (TW) NETFLIX SERIESLove Is Blind: Season 8 NETFLIX SERIESMelo Movie (KR) NETFLIX SERIESValeria: Season 4 (ES) NETFLIX SERIESDhoom Dhaam (IN) NETFLIX FILMLove Forever (SE) NETFLIX FILMThe Most Beautiful Girl in the World (ID) NETFLIX FILMUmjolo: There is No Cure (ZA) NETFLIX FILMFebruary 15SAKAMOTO DAYS (JP) NETFLIX ANIME (new episode)February 16Dont Let GoGoldTed 2February 17Gabbys Dollhouse: Season 11 NETFLIX FAMILYFebruary 18Court of Gold NETFLIX SPORTS SERIESThe Graham Norton Show: Best Bits: The Week of February 7, 2025Offline Love (JP) NETFLIX SERIESRosebud Baker: The Mother Lode NETFLIX COMEDY SPECIALFebruary 19My Family (IT) NETFLIX SERIESTo Catch a KillerFebruary 20Operation FinaleZero Day NETFLIX SERIESFebruary 22SAKAMOTO DAYS (JP) NETFLIX ANIME (new episode)February 23The 31st Annual Screen Actors Guild Awards NETFLIX LIVE EVENTFebruary 25Full Swing: Season 3 NETFLIX SPORTS SERIESThe Graham Norton Show: Best Bits: The Week of February 14, 2025Really LoveWatcherFebruary 26Brooklyn Nine-Nine: Seasons 5-6Miss Italia Mustnt Die (IT) NETFLIX DOCUMENTARYFebruary 27Demon City (JP) NETFLIX FILMRunning Point NETFLIX SERIESToxic Town (GB) NETFLIX SERIESThe Wrong Track (NO) NETFLIX FILMFebruary 28Aitana: Metamorphosis (ES) NETFLIX DOCUMENTARYDespicable Me 4Sonic the Hedgehog 2Squad 36 (FR) NETFLIX FILMLeaving Netflix February 2025February 1Cocaine Cowboys 2Plus OneRun All NightFebruary 11The Fast and the Furious2 Fast 2 FuriousThe Fast and the Furious: Tokyo DriftFast FiveFast & Furious 6The Popes ExorcistFebruary 14The Catcher Was a SpyWhite BoyFebruary 1547 Meters Down: UncagedBlackhatPearlFebruary 20Book ClubSouthpawFebruary 21All Good ThingsFebruary 24U TurnFebruary 25Brooklyn Nine-Nine: Seasons 1-2February 2821 BridgesA Haunted HouseA Haunted House 2AlohaThe Angry Birds MovieBlendedCinderella ManDue DateGreen LanternInceptionLegends of the FallLittleThe Mindy Project: Seasons 1-6OblivionThe Other GuysScooby-DooScooby-Doo 2: Monsters UnleashedSixteen CandlesStand by MeWithout a Paddle
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  • BeyondTrust Zero-Day Breach Exposed 17 SaaS Customers via Compromised API Key
    thehackernews.com
    Feb 01, 2025Ravie LakshmananVulnerability / Zero-DayBeyondTrust has revealed it completed an investigation into a recent cybersecurity incident that targeted some of the company's Remote Support SaaS instances by making use of a compromised API key.The company said the breach involved 17 Remote Support SaaS customers and that the API key was used to enable unauthorized access by resetting local application passwords. The breach was first flagged on December 5, 2024."The investigation determined that a zero-day vulnerability of a third-party application was used to gain access to an online asset in a BeyondTrust AWS account," the company said this week."Access to that asset then allowed the threat actor to obtain an infrastructure API key that could then be leveraged against a separate AWS account which operated Remote Support infrastructure."The American access management company did not name the application that was explored to obtain the API key, but said the probe uncovered two separate flaws in its own products (CVE-2024-12356 and CVE-2024-12686).BeyondTrust has since revoked the compromised API key and suspended all known affected customer instances, while also providing them with alternative Remote Support SaaS instances.It's worth noting that the U.S. Cybersecurity and Infrastructure Security Agency (CISA) added both CVE-2024-12356 and CVE-2024-12686 to its Known Exploited Vulnerabilities (KEV) catalog, citing evidence of active exploitation in the wild. The exact details of the malicious activity are presently not known.The development comes as the U.S. Treasury Department said it was one of the affected parties. No other federal agencies are assessed to have been impacted.The attacks have been attributed to a China-linked hacking group dubbed Silk Typhoon (formerly Hafnium), with the agency imposing sanctions against a Shanghai-based cyber actor named Yin Kecheng for his alleged involvement in the breach of the Treasury's Departmental Offices network.Found this article interesting? Follow us on Twitter and LinkedIn to read more exclusive content we post.SHARE
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  • Today's NYT Mini Crossword Answers for Saturday, Feb. 1
    www.cnet.com
    Looking forthe most recentMini Crossword answer?Click here for today's Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.I completed today's NYT Mini Crossword, but the puzzle told me at least one letter was amiss. I went over all the answers, and they all fit. Turned out I was using the present tense of a word that could answer 10-Across, and the puzzle wanted the past tense. I fixed one letter, and all was well. Need some more help with today's Mini Crossword? Read on. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.The Mini Crossword is just one of many games in the Times' games collection. If you're looking for today's Wordle, Connections, Connections: Sports Edition and Strands answers, you can visitCNET's NYT puzzle hints page.Read more: Tips and Tricks for Solving The New York Times Mini CrosswordLet's get at those Mini Crossword clues and answers. The completed NYT Mini Crossword puzzle for Feb. 1, 2025. NYT/Screenshot by CNETMini across clues and answers1A clue: Computing platform?Answer: DESK5A clue: Campanelle is a bell-shaped variety of thisAnswer: PASTA6A clue: Daly of "Today"Answer: CARSON7A clue: Kickstarter supportersAnswer: BACKERS8A clue: Landlocked neighbor of Georgia and AzerbaijanAnswer: ARMENIA9A clue: Sneaks a peekAnswer: GLANCES10A clue: Had a feeling aboutAnswer: SENSEDMini down clues and answers1D clue: Grows dimAnswer: DARKENS2D clue: Magazine whose 50th anniversary issue featured Naomi Campbell on the coverAnswer: ESSENCE3D clue: Legendary, as one's pastAnswer: STORIED4D clue: State school whose students chant "Rock Chalk, Jayhawk!"Answer: KANSAS5D clue: Pellet-chomping arcade characterAnswer: PACMAN6D clue: Eric ___, author of "The Very Hungry Caterpillar"Answer: CARLE7D clue: Items strapped to a golf cartAnswer: BAGSHow to play more Mini CrosswordsThe New York Times Games section offers a large number of online games, but only some of them are free for all to play. You can play the current day's Mini Crossword for free, but you'll need a subscription to the Times Games section to play older puzzles from the archives.
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  • Best Internet Providers in Phoenix
    www.cnet.com
    What ISPs offer the best coverage, speed and pricing in Phoenix? See what broadband options you can get in the Valley.
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  • What we've been playing - oppressive city builders, helpless chickens, and inspired updates
    www.eurogamer.net
    What we've been playing - oppressive city builders, helpless chickens, and inspired updatesA few of the things that have us hooked this week.Image credit: Hello Games Feature by Robert Purchese Associate Editor Additional contributions byChristian Donlan, Matt Wales, and Tom OrryPublished on Feb. 1, 2025 1st FebruaryHello and welcome back to our regular feature where we write a little bit about some of the games we've been playing this week. This week, we hunker down from storms and pray for the safety of our tiles in Dawnfolk; we put a full-stop on Resident Evil Village but find ourselves ruminating on the fate of chickens; and we return to No Man's Sky yet again, as it expands, yet again.What have you been playing?Catch up with the older editions of this column in our What We've Been Playing archive.Dawnfolk demo, PCCute!Watch on YouTubeDawnfolk is a wonderfully oppressive citybuilding game that a good friend of Eurogamer recommended to me. It's tile-based and has a lovely pixelly aesthetic. It pretends to be a normal citybuilder, but is actually something a little darker and more interesting.The game is a tile-based thing. You start by turning the tiles you have control of into houses and resource-gatherers, as in traditional citybuilders. As you do so, you're slowly working outwards and getting access to more and more tiles. It's clever stuff even here, with adjacency bonuses for certain buildings and little mini-games when you want to hunt deer in the forest, say, or chop down trees.All of this is great, but then the game's cycle begins. Every so often a storm arrives and there seems to be some malevolent force at the heart of it. The game suddenly turns from expansion to a kind of huddling down. The storm blows in and I hope I don't lose too many tiles and damage my economy too much.Survive the storm and you get to rebuild - but you also know by now that another storm is coming. Human life is this thing that flickers and thrives between moments where nature reasserts control. Lovely, horrible stuff, and that name - Dawnfolk. What a perfect piece of creepy poetry.-DonlanNo Man's Sky, PCReminds me a bit of Star Wars film The Force Awakens, when those spacecraft are flying over water.Watch on YouTubeOkay fine, Hello Games, you got me again. Not that I was ever really out to begin with. After not quite managing to keep up with No Man's Sky's ceaseless geyser of content updates last year, I finally got the chance over Christmas to knuckle down for its Expedition Redux events and scoop those limited-time awards I'd missed out on. And while limited-time anythings are a bit of an irksome trend at the best of times, it feels a particular shame that No Man's Sky's Expeditions don't stick around more permanently given how wonderfully additive so many of them are.Just this last year alone, we got tales of a fisherman consumed by obsession, Starship-Troopers-meets-cosmic-body-horror, haunted whispers from cursed starfleet crews, and even temporally unstable adventures across a boundary fractured universe. Most of these refocus No Man's Sky's myriad systems in interesting ways, and many feature side servings of narrative that widen and deepen its idiosyncratic, existentially horrifying overarching lore. Oh and they all come with some cool rewards.To see this content please enable targeting cookies. But expeditions aren't why I'm here, despite having wittered for two paragraphs now. I'm actually here to talk about No Man's Sky's first update of 2025, which, it turns out, is a cracker. Released this week, it picks up some long gestating story threads and births a long-dormant presence into the universe that poses an interesting question: what if No Man's Sky gave players the power of a god, letting them shape the universe to their arbitrary whims? And having done so, there's something genuinely thrilling in knowing an infinitesimally small but permanent corner of No Man's Sky's universe has sprung to life in a specific form solely because of my fleeting fancies. Could such god-like powers be a glimpse at No Man's Sky's endgame?And that's before all the other cool stuff. Worlds Part 2, like last year's first half, is very much an explorers update, and Hello Games' myriad systemic refreshes have helped even old corners feel new. But it's the new-new stuff that's had me gasping most this week. Gas giants! Jungles! Planets littered with ancient archaeological wonders! And perhaps best of all, actual proper water worlds. These endless expanses of ocean are intimidating enough on the surface, but slip beneath the water and they're terrifying: fathomless depths of impenetrable blackness; unimaginable water pressure; wild, weird sealife, and far, far below, vistas of extraordinary bioluminescent beauty. It's horrifying and I hate it but it's gorgeous and I love it. Enough writing, though; the Nautilon awaits and I'm going back down.-Matt.Resident Evil Village, PS5 ProI'm lycan what I see!Watch on YouTubeI've now finished Resident Evil Village and for the most part I think it was pretty great. In fact, it's only the final boss battle that I felt was underwhelming, in a way that a lot of final boss battles are. The game also throws a lot of proper nonsense storytelling at you towards the end, but I am fine with this as Resident Evil isn't exactly a game I play for grounded realism.Favourite parts? Well, I love the fish man and the doll woman, and some of the factory's claustrophobic corridors are superb. Least favourite parts? Well, it's a ridiculous thing given the content of the game and series, but I found it hard to shoot the chickens for their meat. They just seemed so helpless. I knifed one once as I had no bullets and felt bad about it for a whole afternoon. People are silly.-Tom O
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  • Mexico asks Google Maps not to rename Gulf of Mexico
    www.bbc.com
    Mexico asks Google Maps not to rename Gulf of Mexico2 days agoTom GerkenTechnology reporterGetty ImagesMexican President Claudia Sheinbaum has written a letter to Google asking the firm to reconsider its decision to rename the Gulf of Mexico.US President Donald Trump signed an executive order requiring the body of water - which is bordered by the US, Cuba and Mexico - be renamed the Gulf of America in his first week in office.It will only appear on Google Maps with the new name for people based in the US - elsewhere in the world it will retain its current name, which has been used for hundreds of years.But Mexico argues the U.S. cannot legally change the Gulf's name because the United Nations Convention on the Law of the Sea dictates that an individual country's sovereign territory only extends up to 12 nautical miles out from the coastline."[The name change] could only correspond to the 12 nautical miles away from the coastlines of the United States of America," Sheinbaum said.Google has not yet responded to the BBC's request for comment.But in a statement on social media on Monday it said: "We have a longstanding practice of applying name changes when they have been updated in official government sources."It will also rename Mount Denali as Mount McKinley in the US, following another order from Trump."When official names vary between countries, Maps users see their official local name," it said.Mexican AmericaSheinbaum has criticised Google's decision, saying the firm should not respond to "the mandate of a country" to change the name of "an international sea".But she seemed to poke fun at Trump's move by joking Mexico may demand Google make some additional renaming decisions."By the way, we are also going to ask for Mexican America to appear on the map," she said.Sheinbaum previously joked she would consider renaming North America as "Amrica Mexicana" in the country."He says that he will call it the Gulf of America on its continental shelf," Sheinbaum previously said when Trump signed the executive order. "For us it is still the Gulf of Mexico, and for the entire world it is still the Gulf of Mexico."Mexico
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  • Super Monkey Ball Banana Rumble Update Adds Among Us DLC
    www.nintendolife.com
    Watch your back.Super Monkey Ball Banana Rumble has this week rolled out its new DLC update adding the Among Us crewmate.Yes, the game where you hold emergency meetings to work out who is sus has now arrived in Sega's long-running Monkey Ball series. You can see the crewmate rolling about in the video above. This DLC will set you back $4.99 / 4.49 (or your regional equivalent).Read the full article on nintendolife.com
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  • India pledges fresh billion for startups
    techcrunch.com
    India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the worlds fifth-largest economy.Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on earlier startup funding programs that have already deployed more than $1 billion from alternate investment funds. The new fund will have an expanded scope compared to previous initiatives, though specific focus areas werent detailed in the budget.She also outlined plans for a High-Level Committee for Regulatory Reforms that will review all non-financial sector regulations, certifications, licenses and permissions within a year. The initiative aims to strengthen trust-based economic governance and ease compliance burdens for startups and technology companies, she said. New Delhi will explore creating a separate Deep Tech Fund of Funds to catalyze next-generation startups working on advanced technologies, part of a broader push to strengthen Indias position in emerging tech sectors.These measures come as Indias startup ecosystem emerges as a large jobs creator and a source of pride for the country, whose broader economy is projected to grow between 6.3% and 6.8% in the coming year. The government is betting on innovation and entrepreneurship to help achieve its longer-term goal of 8% growth needed to create adequate jobs for its young population.India startups have attracted over $100 billion in the past decade from investors including Norges, SoftBank, Sequoia, Accel, Tiger Global, General Catalyst, and General Atlantic. Home to over 100 unicorn startups, India has also cemented its place as perhaps the last great growth market for Silicon Valley giants.The first fund done a few years ago gave a huge fillip to the Indian venture capital industry, said Sanjeev Bikhchandani, a high-profile investor who is among the earliest backers of Zomato and Policybazaar. Dozens of Indian VC funds got set up providing risk capital to hundreds of startups. India needs domestic venture capital.The government also announced a $2.3 billion Nuclear Energy Mission aimed at developing at least five indigenous small modular reactors by 2033. The program is part of Indias goal to achieve 100 gigawatts of nuclear energy capacity by 2047, with planned amendments to the Atomic Energy Act to enable private sector participation. We are determined to ensure that our regulations keep up with technological innovations and global policy developments, Sitharaman said in her budget speech, announcing plans to decriminalize more than 100 provisions across various laws through a new Jan Vishwas Bill 2.0.The government also extended tax benefits for startups by five years, allowing companies incorporated before April 2030 to claim certain deductions. For startups in 27 sectors deemed crucial for Indias self-reliance goals, the government reduced guarantee fees to 1% while doubling their credit guarantee limit to $230,000.A new scheme targeting 500,000 first-time entrepreneurs, particularly women and those from scheduled castes and tribes, will provide term loans up to $24,000 over the next five years. The program builds on lessons from the existing Stand-Up India scheme, the minister said, aiming to broaden the startup ecosystems reach.To boost innovation in electronics manufacturing, a key focus area for tech startups, the government introduced a presumptive taxation scheme for non-residents involved in establishing manufacturing facilities. The budget also proposes BharatTradeNet, a unified platform for trade documentation and financing solutions that could benefit fintech startups.
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