Search Results for: startups

The US Federal Trade Commission (FTC) announced a rule Tuesday banning employers from using non-compete clauses in worker’s employment contracts. Non-compete clauses are portions of language in employment contracts that restrict an employee from working in a certain sector of business or for certain employers after their contract with their current employer ends. The rule, [...]

The Council of the European Union and the European Parliament reached a provisional agreement on Friday on the groundbreaking proposal for the Artificial Intelligence Act (AI Act), marking the world’s first comprehensive set of rules governing artificial intelligence. The primary objective of the AI Act is to regulate AI based on its potential risks to [...]

Six years after the Indian Supreme Court recognised a fundamental right to privacy, the country finally has comprehensive data protection legislation in the form of the Digital Personal Data Protection Act, of 2023 (DPDP Act). The draft Digital Personal Data Protection Bill 2023 (DPDP Bill 2023) was introduced in the lower house of the Indian [...]

Google Friday released a report that analyzed the effects of the company’s policies and procedures on civil rights of its staff and consumers. The audit pointed out Google’s efforts in ensuring anti-discrimination is practised in its hiring and recruitment process as well as its retention program. It also highlighted Google’s formation of a team that checked [...]

Are the recent tech founder scandals going to change Silicon Valley or future appetite for investments in tech firms? It seems that investors are unphased by losing millions through the failures of Elizabeth Holmes or the sudden collapse of crypto exchange FTX. Investors seem to love tech visionaries whose brash rhetoric fueled the recent tech [...]

Former Theranos CEO Elizabeth Holmes Friday was sentenced in San Jose, CA by US District Judge Edward Davila to 135 months (11.25 years) in prison and three years of supervised release following her prison sentence. Judge Davila also ruled that $121 million is the reasonable total loss to investors in the consumer healthcare technology startup that claimed its [...]

Former Apple Inc. engineer Xiaolang Zhang pleaded guilty Monday to theft of trade secrets from the company’s self-driving vehicle program. According to filings with the US District Court for the Northern District of California, Zhang admitted to one count of trade secret theft. The case dates back to 2018 when Zhang was indicted for stealing [...]

The COVID-19 pandemic has changed the course of life in many ways. It has forced everyone to adjust to the new normal, which has led to an inevitable surge in the use of digital technologies from work to socialization. We also have found various ways online to entertain ourselves, such as the OTT platforms and [...]

The modern world is engaged in a rat race and we are all supposedly the bait. The ever-increasing aspiration to become more technologically advanced, beating the rivals in the race, and to be the first one, is taking a toll. Recently, the online food delivery aggregator, Zomato, announced a 10-minute delivery system which appears to [...]

The US Securities and Exchange Commission (SEC) Tuesday announced that zero-emission vehicles startup Nikola Corporation has agreed to pay $125 million to settle charges that it violated US securities laws and defrauded investors by misleading them about its products, technical advancements, and commercial prospects. The settlement emerges from the SEC’s order issued earlier this year, [...]