Latest news with #SantaClara-based
Yahoo
13-06-2025
- Business
- Yahoo
San Jose fraud prevention expert charged with healthcare fraud
(KRON) — A woman who worked as a security manager at Nvidia and regularly spoke as an expert on fraud prevention was charged with submitting 167 fraudulent healthcare claims against the Santa Clara-based tech company, the Santa Clara County District Attorney's Office announced Friday. Faranak Firozan, 47, is accused of submitting the fraudulent claims between November 2020 and January 2024 to Nvidia's self-insured health plan, according to prosecutors. The DA's office said that many of the claims were either entirely made up or that bills were altered by changing service dates. 'Providers verified that services listed in her claims were either not performed at all or were duplicated claims,' the DA's office wrote. The scheme began to unravel in August 2024, according to prosecutors, after the California Department of Insurance received a suspected fraudulent claim referral from Cigna, which administered Nvidia's health plan. Motorcyclist suffers 'life-changing injury' in San Jose hit-and-run 'On her LinkedIn page, Firozan described herself as an expert in abuse prevention systems and fraud investigations for financial institutions,' the DA's office wrote. 'In 2020, she provided training on cyber laundering for the Information Systems Security Association Silicon Valley Chapter.' Firozan was charged with altering medical records with fraudulent intent and preparing false statements in connection with insurance claims. She also faces an added aggravated white-collar crime enhancement. Firozan is scheduled to be arraigned on July 15. If convicted, prosecutors said she faces years in prison and would be ordered to pay restitution. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia (NVDA) to Host Virtual Annual Shareholder Meeting on June 25
Nvidia (NVDA, Financials) said Wednesday it will conduct its annual shareholder meeting virtually on June 25, with voting and live Q&A available via a secure online portal for registered stockholders. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The Santa Clara-based semiconductor company, which has surged to a $3.49 trillion market valuation, said the proxy materials for the meeting were filed with the U.S. Securities and Exchange Commission on May 13. A recording of the session will remain accessible through June 2026. The meeting comes as Nvidia continues to expand its role in AI infrastructure globally. This month, the company unveiled plans to build an industrial AI cloud platform in Germany and named Micron Technology the first supplier for its new memory solution, SOCAMM, designed for AI server workloads. Nvidia also recently partnered with Novo Nordisk to use AI in drug discovery and showcased video compression tools for autonomous vehicles at its GTC conference in Paris. The company's Gefion supercomputer and GPU stack are being leveraged for breakthroughs across biotech, robotics, and high-performance computing. Nvidia stock closed down 0.75% on the day of the announcement. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia (NVDA) to Host Virtual Annual Shareholder Meeting on June 25
Nvidia (NVDA, Financials) said Wednesday it will conduct its annual shareholder meeting virtually on June 25, with voting and live Q&A available via a secure online portal for registered stockholders. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The Santa Clara-based semiconductor company, which has surged to a $3.49 trillion market valuation, said the proxy materials for the meeting were filed with the U.S. Securities and Exchange Commission on May 13. A recording of the session will remain accessible through June 2026. The meeting comes as Nvidia continues to expand its role in AI infrastructure globally. This month, the company unveiled plans to build an industrial AI cloud platform in Germany and named Micron Technology the first supplier for its new memory solution, SOCAMM, designed for AI server workloads. Nvidia also recently partnered with Novo Nordisk to use AI in drug discovery and showcased video compression tools for autonomous vehicles at its GTC conference in Paris. The company's Gefion supercomputer and GPU stack are being leveraged for breakthroughs across biotech, robotics, and high-performance computing. Nvidia stock closed down 0.75% on the day of the announcement. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Netskope Taps Morgan Stanley for IPO That Could Raise $500M+
Netskope picked Morgan Stanley (MS, Financials) to lead its U.S. IPO plans, aiming to go public as soon as Q3, Reuters reported, with expectations to raise over $500 million. Warning! GuruFocus has detected 4 Warning Sign with MS. Founded in 2012, the Santa Clara-based firm makes cloud security tools used by companies like Ross Stores (ROST, Financials) and Yamaha. Backers include Goldman Sachs and Ontario Teachers' Pension Plan. CEO Sanjay Beri said last year the IPO would boost brand visibility. While cybersecurity stocks are hot again, broader IPO recovery is still facing headwinds from tariffs and market uncertainty. This article first appeared on GuruFocus.
Yahoo
02-06-2025
- Business
- Yahoo
Netskope Taps Morgan Stanley for IPO That Could Raise $500M+
Netskope picked Morgan Stanley (MS, Financials) to lead its U.S. IPO plans, aiming to go public as soon as Q3, Reuters reported, with expectations to raise over $500 million. Warning! GuruFocus has detected 4 Warning Sign with MS. Founded in 2012, the Santa Clara-based firm makes cloud security tools used by companies like Ross Stores (ROST, Financials) and Yamaha. Backers include Goldman Sachs and Ontario Teachers' Pension Plan. CEO Sanjay Beri said last year the IPO would boost brand visibility. While cybersecurity stocks are hot again, broader IPO recovery is still facing headwinds from tariffs and market uncertainty. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
