Hello. Techies, here are some quick tech updates to keep an eye out for.
Update of the day: Argo AI, a tech company world-renowned for testing self-driving cars, is shutting down after bringing a dynamic brainchild to the industry.
Fast facts: Lawyers believe that Ripple can win its long war with the US Securities and Exchange Commission.
India’s central bank, the Reserve Bank of India, will launch a pilot CBDC wholesale sale today. The RBI said the wholesale digital rupees auction would reflect the settlement of secondary market transactions in government securities. Nine well-known Indian banks including SBI, Union Bank of India and ICICI Bank will participate in this pilot project.
Cryptocurrency lawyers and experts predict that Ripple is likely to win the lawsuit against the SEC. Legal analysts argue that the SEC may have lost its mercy by failing to prove that it was right. The SEC filed a lawsuit against XRP in December 2020, claiming that the token was an unregistered security.
Twitter is now being revamped by its new owner, Elon Musk. Musk’s latest move is to fire the company’s management team and freeze access to internal tools used to manage content and enforce other policies. This prevents employees from stopping misinformation and rumors just before the US election. Those who work for Twitter’s trust and safety organizations cannot change or penalize accounts that violate the content rules followed by the social media giant.
Pittsburgh-based autonomous car technology Argo AI is closing its doors. The company has been operating since 2019 in partnership with the Ford Motor Company. Argo AI said in a statement that the decision was made in consultation with shareholders. Your employees have the opportunity to continue working in the field of autonomous driving technology, whether at Volkswagen or Ford.
The Apple iPhone 15 Pro will do away with physical hardware buttons. The iPhone 15 pro and 15 pro max may come with tapic motos found on the left and right sides of the phone, like today’s volume and power buttons. Apple’s existing Taptic Engine technology providers, Luxshare ICT and AAC Technologies, stand to benefit greatly from this increase in orders.