Former Theranos employee describes being starstruck by Elizabeth Holmes, quickly growing concerned over startup’s capabilities

Cheung, a lab worker, joined Theranos in 2013 out of undergrad and described being excited about working for the blood-testing startup despite it being secretive about its technology and capabilities during the interview process. She said she was “starstruck” by Holmes, who had been upheld in the media as a rare female founder of a … Read more

First on CNN Business: Moody’s is spending $250 million to measure the risk of America’s biggest companies getting hacked

The announcement from the company — whose credit ratings can influence global markets — comes as Biden administration officials are urging major firms to be more transparent about the security of their software. Several high-profile supply-chain hacks and ransomware attacks have rattled businesses and other organizations over the past year, costing companies millions of dollars … Read more

China tells Tencent and Netease to focus less on profit as gaming crackdown expands

State-run news agency Xinhua reported Wednesday that authorities had called in firms, including industry leaders Tencent (TCEHY) and NetEase (NTES), to discuss restrictions around the streaming and playing of video games among minors. During the meeting, companies were “urged to break from the solitary focus of pursuing profit or attracting players and fans,” according to … Read more

India’s got the next big thing in tech, and it could be worth $1 trillion

Now, Asia’s third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom or Slack. The Covid-19 pandemic has forced business around the world to make huge investments in digital infrastructure, furthering the influence of companies providing software-as-a-service, or SaaS. Businesses spent an … Read more

Elizabeth Holmes’ trial begins with opening statements

In opening arguments Wednesday, the government sought to convince jurors that the Stanford University dropout intended to mislead investors, patients, and doctors about the capabilities of her company and its proprietary blood testing technology in order to take their money as she found herself running out of time and resources to make the technology work. … Read more

Apple expected to unveil new iPhones at event on September 14

The company sent out press invitations on Tuesday for a virtual event — with the tagline “California Streaming” — that will take place on Tuesday, September 14, at its Apple Park headquarters in Cupertino, California. Apple is expected to add four new smartphones to its lineup: the iPhone 13 mini, iPhone 13, iPhone 13 Pro … Read more

China will create a stock exchange in Beijing

President Xi Jinping announced the Beijing-based exchange at an international trade fair on Thursday, saying that he wanted to create a venue for “service-oriented” and “innovative” businesses. He did not say when the exchange would be established. China already has two stock exchanges, but they are located in Shanghai and Shenzhen, far away from Beijing. … Read more

Hong Kong just won back ‘Asia’s biggest’ tech conference

Rise, an annual tech conference whose recent speakers have included executives from Uber (UBER), Alibaba (BABA) and Stripe, said Thursday that it would return to the city next year, with plans to stay for the next five years. Organizers had announced in late 2020 that they would move the event to the Malaysian city of … Read more

SaaS-based health tech startup KareXpert selected for the “Google for Startups Accelerator India” – ET HealthWorld

31th August, 2021: KareXpert, the Reliance Jio-backed, SaaS-based, Cloud-based digital healthcare platform with 50+ pre-integrated modules enabling hospitals their digital transformation, is selected by the Google Accelerator program. Touted as “Gsuite for Hospital” by Google as an analogy emphasizing one-stop-shop for hospitals of any size for all their present and future digital needs, KareXpert is … Read more

Google and Apple’s next regulatory headaches are looming across the Pacific

Apple’s commissions, for example, go as high as 30% on some purchases made through the company’s platform — and developers say they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company’s official store. Legislators have been reviewing an amendment to the Telecommunications … Read more