Category: Technology
holmes: Theranos founder Holmes ordered to prison, pay victims
[ad_1] Fallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. She was scheduled to begin serving prison time on ...
sam bankman-fried: Bankman-Fried faces long odds of tossing charges despite Supreme Court decision
[ad_1] FTX founder Sam Bankman-Fried is hoping a recent Supreme Court decision limiting the scope of fraud prosecutions will bolster his defense as he fights charges stemming from the collapse of his cryptocurrency exchange. But legal experts said Bankman-Fried’s odds of getting the charges dismissed remain slim. On May 8, Bankman-Fried asked U.S. District Judge ...
pramod bhasin: Pramod Bhasin appointed chairman of Data Security Council of India
[ad_1] Genpact founder Pramod Bhasin has been appointed the new chairman of the Data Security Council of India (DSCI), effective April 1, 2023, the organisation announced Wednesday. Bhasin is currently also the chairman of Indian Council for Research on International Economic Relations (ICRIER). He succeeds Rajendra S Pawar, the chairman and cofounder of NIIT Group. ...
tencent: Tencent slashes cloud service prices by up to 40% as price war intensifies
[ad_1] Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 ...
theranos elizabeth holmes: Theranos’ Elizabeth Holmes loses bid to avoid prison, gets hit with $452 million restitution bill
[ad_1] Disgraced Theranos chief executive Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. In another ruling issued late Tuesday, US district judge Edward Davila ordered ...
israel: Israel tech firms to continue job layoffs in 2023: Report
[ad_1] Israeli high-tech firms have largely halted job hiring and many are expected to continue layoffs this year, a report on the country’s tech sector showed on Tuesday. One-quarter of companies have stopped recruiting new employees and another quarter plan more layoffs – many of those planning to let go 5% of their workforce, according ...
YouTube: YouTube sends gun videos to 9-year-olds: ‘It’s not the kids. It’s the algorithms,’ study finds
[ad_1] When researchers at a nonprofit that studies social media wanted to understand the connection between YouTube videos and gun violence, they set up accounts on the platform that mimicked the behavior of typical boys living in the US. They simulated two nine-year-olds who both liked video games, especially first-person shooter games. The accounts were ...
twitter: Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed
[ad_1] A humanitarian aid worker who used an anonymous Twitter account to mock Saudi Arabia about its economy has filed a federal racketeering lawsuit against the social media platform, the kingdom and a number of individuals alleging an attempt to silence critics overseas. Abdulrahman al-Sadhan, was working for the Red Crescent in Riyadh in 2018 ...
revenuehero: SaaS startup RevenueHero raises $5.1 million in funding from existing investors
[ad_1] RevenueHero on Tuesday said it has raised $5.1 million in a round of funding led by existing investor Stellaris Venture Partners along with participation from Together Fund. The funds raised will be utilised to scale the business across the North American market and to strengthen the team, a statement said. RevenueHero is a software ...
rakuten: Embattled Japanese fintech firm Rakuten announces $2.5 billion share issue to bolster finances
[ad_1] Japanese e-commerce and fintech firm Rakuten Group Inc said on Tuesday it aimed to raise up to 332 billion yen ($2.46 billion) by issuing new shares on the market as well as to founder and CEO Hiroshi Mikitani. Shares in the company lost 5.1% on Tuesday ahead of Rakuten’s announcement, extending the previous day’s ...