Tech Bytes
China moves to strengthen innovation in smart driving
China plans to support firms in the smart vehicle supply chain to form innovation consortia in order to foster technological breakthroughs and spread innovation in the field of assisted and autonomous driving. The country aims to establish standards for intelligent connected vehicles by 2025 and become a leading global player in the industry.
Sam Bankman-Fried explored paying Donald Trump not to run for president, book excerpt says
Former billionaire Sam Bankman-Fried, who is currently in jail, considered paying Donald Trump not to run for re-election in 2020, according to a forthcoming book by Michael Lewis. Bankman-Fried was also planning to give millions to Republican Senator Mitch McConnell to defeat "Trumpier" candidates in the Senate races.
Sam Bankman-Fried trial poses biggest test to date for crypto's top cop
The upcoming trial of Sam Bankman-Fried on fraud charges will be a major test for Manhattan's top federal prosecutor, Damian Williams, who has prioritized rooting out corruption in financial markets since taking office in 2021. Williams has brought several indictments against executives in the cryptocurrency space and high-profile fraud charges against individuals such as Charlie Javice, Bill Hwang, and Joe Lewis.
Imagine making shadowy data brokers erase your personal info. Californians may soon live the dream
The California state Legislature has passed the Delete Act, which would establish a "one stop shop" for individuals to order data brokers registered in the state to delete their personal data with a single request. The Act would also require data brokers to disclose more information about the data they collect and strengthen enforcement mechanisms. Data brokers collect personal information such as names, addresses, and purchasing habits, and privacy advocates argue that this data can be used to identify individuals and is often not well secured. Data brokers argue that they serve a vital need and that the Delete Act could have unintended consequences.
Advent explores sale of car insurance software vendor CCC
Private equity firm Advent International is considering selling CCC Intelligent Solutions Holdings Inc, a software provider to the car insurance industry, which has a market value of $7.1 billion. CCC is being advised by Morgan Stanley in its discussions with potential buyers, including other private equity firms. There is no certainty of a deal. Advent, which owns a 56% stake in CCC, declined to comment. CCC shares rose 8.6% to $12.50 in after-hours trading on the news. CCC, founded in 1980, supplies software to automotive claims and collision repair companies.
Digital India: Aadhaar, e-Sanjeevani, Bhashini showcased at G20 summit venue
Delegates and other guests visiting the Digital India Experience Zone, set up at the Bharat Mandapam, will also be able to experience the journey of Digital India initiatives via virtual reality.
Value of Indian online fashion, lifestyle market to touch $35 billion in five years: report
New-age online-first brands such as The Souled Store and Bewakoof have seen their online businesses expand 33% since 2019 to $2.4 billion; they are projected to grow at an annual rate of around 35% to hit $10 billion by FY28, the report said.
Nasscom appoints Cognizant veteran Rajesh Nambiar as chairperson
IT industry body Nasscom announced on Monday that it has appointed Rajesh Nambiar, chairman and managing director, Cognizant India as its chairperson. Nambiar takes on the new role from his previous role as vice chairperson succeeding Anant Maheshwari, former president, Microsoft India.
Big fish land in tech’s talent pool amid layoff woes
Executive search and hiring firms including Transearch, Longhouse Consulting, CIEL HR and GI Group Holdings say that unlike earlier, when it was difficult to even pin down senior Big Tech professionals for job offer conversations, now they're the ones who often make the first move.
