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On the top left corner
You should see a button with a speaker and 3 lines shotting out of it. It is to the right of the "S" an d a grey-ed out "e" as superscript. Make sure that speaker is selected
Gigastudio as I've heard has quite some problems running on the same machine as Cubase. Many people experience the same difficulties using this setup. And Tascam don't really have good support. However, here's my guess as to why it doesn't work. When you load up Cubase, then you load up Gigastudio, you actually have to connect them... virtually which is probably why it doesn't work. You have to select Devices -> Giga, and turn on however many Giga ports you have selected, by default, it should be two ports.
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