The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…
This is going to be a landmark bill. In a significant development, an influential U.S. House committee has overwhelmingly approved a revised bipartisan bill on a 54-0 vote that will speed the deployment of self-driving autonomous vehicles in the country and bar states from blocking autonomous vehicles. The bill allows automakers to obtain…
Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…
As per the latest valuation, Slack has been valued at a little over $5 billion. Sources familiar with the matter have disclosed, San Francisco-based Slack Technologies Inc is raising $250 million in a new funding round which will boost its valuation. Silicon Valley startups are enjoying a surge in venture capital investments. Slack Technologies,…
With the aim of expanding its hardware, software and security provision, Banking technology firm Cennox has announced a deal to buy the European division of 3SI Security Systems. In recent years, there has been an international upward trend in consumers making transactions using automated teller machines (ATMs) and the deal is believed to be following…
While ICOs are a lightning fast way of sourcing capital for startups, the SEC’s report highlights potential pitfalls citing a very interesting case. Regulators on Wall Street stated that initial coin offerings (ICOs), should be subject to the same stringent safeguards that are in place for the sales of traditional securities. ICOs have become…
In its latest OTA update, Tesla has provided the Model S with automatic emergency braking (AEB) features. Tesla’s Model S sedan has regained the top spot in its vehicle’s class following an upgrade to the vehicle’s emergency braking system, said Consumer Reports. In July, Tesla provided an OTA update to its software on the Model…
After proposals submitted by the tech giants were considered insufficient, in order to amend their user terms to bring them in line with EU law, European Union authorities have increased pressure on Facebook, Twitter and Google. According to letters sent to the companies and reportedly seen by the media, asking the IT companies to improve…
It is unlikely that a major global legal threat could emerge out of the Allegations of industry collusion between Germany’s car manufacturing industry, Arndt Ellinghorst, head of global automotive research at Evercore ISI, said on Tuesday during a television interview. The possibility of being engaged in an illegal cooperation by German car companies, including Volkswagen,…
Its solid state powered EVs are slated to hit the market in Japan in 2022. According to the Chunichi Shimbun daily, Japanese giant Toyota Motor Corp is working on an electric vehicle that will be powered by a new type of battery, which will significantly increase the vehicle’s driving range and reduce its charging time.…
