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“Healthcare is the biggest business in the world, and it is phenomenally broken,” says Peter Diamandis, cofounder of the X-Prize, Singularity University, and Health Longevity Inc. “So, do I think Apple and Google and Amazon can do a better job? A thousandfold.” advertisement advertisement In his upcoming book, The Future Is Faster Than You Think, which will hit bookshelves in late January 2020, Diamandis makes the case for why he believes big tech companies are going to be running healthcare by 2030. In December, he came to Fast Company’s offices to make the case for why Big Tech is the doctor of the future. “We’re going to see Apple and Amazon and Google and all the data-driven companies that are in our homes right now become our healthcare providers,” he says, referring to smart speakers such as Google’s Assistant, Amazon’s Alexa, and Apple’s HomePod. While many of these home voice assistants started … [Read more...] about Amazon and Apple will be our doctors in the future, says tech guru Peter Diamandis

The Securities and Exchange Board of India (SEBI) may write to the Reserve Bank of India (RBI), which regulates banks and non-banking financial companies (NBFC), seeking a probe against lenders that lent to Karvy Stock Broking without due diligence.An industry source told Moneycontrol that the loans given to Karvy -- some of which were extended after the firm illegally kept client securities as collateral -- should have triggered red flags in the system. These warning signs include the fact that the loan amounts were abnormally low (versus the collateral pledged) as well as Karvy’s own financial situation.A second source said that lenders had given Karvy Rs 1,200 crore against promoter assets said to be worth Rs 5,000 crore. Karvy also borrowed another Rs 600 crore by pledging client securities worth Rs 2,300 crore. Bankers reserved the client securities as cover for Karvy’s entire loan amount, meaning a single default could result in the securities being … [Read more...] about Karvy scam | SEBI likely to seek RBI probe into role of banks, NBFCs

A February Reserve Bank of India rate cut is on a knife's edge, with just under half of economists polled expecting easing at that meeting, and is highly likely by the middle of next year, according to a Reuters poll.After slashing the repo rate by 135 basis points this year to 5.15%, the RBI cited concern about near-term inflation when it took analysts and markets by surprise and kept it unchanged last week, pushing stocks and the Indian rupee lower.But the central bank acknowledged there was room for further cuts.Close With economic growth at its weakest in over six years, 49% of economists, 33 of 67, in a snap poll taken after the Monetary Policy Committee's decision, predicted that would be a temporary pause and another cut would come in February. related news GST rates may go up for various items to meet revenue shortfall Air India seeks Rs 2,400 cr govt guarantee to raise funds Pre-merger blues: PSU general insurers seek Rs 12,000 crore lifeline The others expected no … [Read more...] about Reserve Bank of India February rate cut on a knife’s edge: Reuters poll

The change in stance of the Nitish Kumar-led JD(U) on the Citizenship (Amendment) Bill came after the party faced backlash for opposing the Centre's move to revoke Article 370 in Jammu and Kashmir, The Economic Times has reported.After JD(U) opposed the BJP-led government's decision to abrogate Article 370 of Indian Constitution, senior party leaders and workers expressed their anguish against the party's top leadership over their stance on the matter.Following this, a decision to support the citizenship bill was taken after deliberations were held among the top brass of the JD(U), which happens to be an ally of the BJP.Close "We were clear that either we had to support the bill or oppose the bill," a senior JD(U) leader from Bihar told the newspaper. "With the home minister taking care of our concerns regarding some tribal and specific communities in the Northeast, we had no reason to oppose. After all, we are with the National Democratic Alliance (NDA) now," the leader added. … [Read more...] about Citizenship (Amendment) Bill: JD(U) forced to change stance after backlash over Article 370

Earlier this month, Foursquare launched a special feature for users in Austin, Texas, called Hypertrending. The idea was to show off the company’s location tracking technology to attendees of the South by Southwest conference by creating a heat map of the city. The Hypertrending map ranked all of the public places in Austin based on how many people were in each location; during the conference, the Austin Convention Center was ranked first, with the local airport and the University of Texas second and third. You could also look at the most crowded restaurants, events, and nightlife–ostensibly to understand which places were happening and which weren’t. advertisement advertisement The experiment was only accessible in Austin and for the two weeks of the conference. And though it may have seemed innocuous to some, it also raised larger questions: Did Foursquare’s app really have enough users to create an accurate heat map? Was the company getting … [Read more...] about I tried to understand location tracking. It’s nearly impossible