Welcome to the world of facts and news

Elizabeth Holmes gets more than 11 years for Theranos scam

Elizabeth Holmes, who was CEO throughout the company's turbulent 15-year history, was convicted in January in the scheme, which revolved around the company's claims to have developed a medical device that could detect a multitude of diseases and conditions from a few drops of blood. But the technology never worked, and the claims were false.

from Tech-Economic Times https://ift.tt/6ASZU1z

Google sets rules for HQ guest speakers after row over Indian historian

Disputes over speakers have roiled Google since at least April, when it said internal rancor prompted it to cancel a talk on India's socioreligious caste system by author Thenmozhi Soundararajan, who advocates for people disadvantaged by caste prejudice.

from Tech-Economic Times https://ift.tt/CZzdQak

How did FTX fleece the world’s shrewdest investors?

In total, FTX raised $1.9 billion from 80 investors in just two years. The now-bankrupt company’s cap table reads like a list of the world’s top venture capital, private equity and hedge funds.

from Tech-Economic Times https://ift.tt/XDTaEFy

Free cross-border flow of data within trusted nations mooted

The latest draft of the Digital Personal Data Protection Bill, 2022, which was released for public consultation on Friday, has proposals from the Centre regarding free-cross border flow of data pertaining to Indian users within "trusted" jurisdictions.

from Tech-Economic Times https://ift.tt/hmkMKsQ

Elon Musk asks Twitter software engineers to report to office -email

The billionaire said, "I would appreciate it if you could fly to SF to be present in person," adding that he would be at Twitter's San Francisco headquarters until midnight and would return Saturday morning.

from Tech-Economic Times https://ift.tt/ryvsYJg

Mark Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta's finances after its first mass layoffs.

from Tech-Economic Times https://ift.tt/kMuGaFY

New CEO calls FTX's corporate control a 'complete failure'

FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptcy, and its CEO, Sam Bankman-Fried, resigned.

from Tech-Economic Times https://ift.tt/znkQ8fh

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...