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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Argo AI, a world-renowned tech company testing driverless car tech is shutting down after offering dynamic creations to the industry.
Fast-Track Insights: Legal experts believe that Ripple might actually win its long war against the US Securities and Exchange Commission.
India's central bank, the Reserve Bank of India, is introducing a pilot CBDC wholesale today! The RBI has stated that the applications for the wholesale digital rupee will reflect the settlement of secondary market transactions in government securities as it will reduce monetary transaction costs. Nine prominent banks based in India will participate in this pilot, which includes SBI, Union Bank of India, ICICI Bank, and several others.
Crypto lawyers and experts have predicted that Ripple stands a strong chance of winning its lawsuit against the SEC. Legal analysts claim that SEC might have dug its own grace by failing to prove its case. The SEC had filed its case against XRP back in December 2020, claiming that the token is an unregistered security.
Twitter is now being overhauled by its new owner Elon Musk. Musk's latest move is directed towards firing the top executives of the company and then freezing out the access to internal tools used for content moderation and other policy enforcement, curbing the staff's ability to clamp down on misinformation and rumors right before the US elections. People working in Twitter's Trust and Safety Organization are unable to alter or penalize accounts that break content rules followed by the social media giant.
Argo AI, a driverless car technology, based in Pittsburg is shutting its doors. The company has been operating since 2019 in partnership with Ford Motor Company. In a statement, Argo AI said that the decision has been taken in coordination with its shareholders. Its employees will receive opportunities to continue to work in automated driving technology with either Volkswagen or Ford.
Apple's iPhone 15 Pro is about to give up on physical hardware buttons. iPhone 15 pro and 15 pro max might come with taptic motos that will be ranged on the left and right sides of the phone, quite like the current volume and power buttons. Apple's present taptic engine technology suppliers, Luxshare ICT and AAC technologies will highly benefit from this rise in the number of orders.
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