Fintech
1. US urges leniency for FTX’s Caroline Ellison, cites help against Bankman-Fried
U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange’s collapse, citing her help in sending FTX founder Sam Bankman-Fried to prison for 25 years. (Yahoo Finance)
2. FTX auditor settles US SEC negligence case, pays fine
A former auditor for FTX will pay $1.95 million to settle two U.S. Securities and Exchange Commission cases, including for alleged negligence in auditing the cryptocurrency exchange Sam Bankman-Fried led before being convicted of fraud. (Yahoo Finance)
IT infrastructure
3. Exclusive: Inside the US push to steer Vietnam’s subsea cable plans away from China
Woodside Energy expects to close its acquisition of liquefied natural gas (LNG) project developer Tellurian Inc. in October, Woodside Chief Executive Meg O’Neill said at the GasTech conference on Tuesday. (Reuters)
4. Intel rises as Amazon deal boosts struggling foundry unit’s prospects
Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon’s cloud business gave a major stamp of approval to its money-losing contract manufacturing business. (MSN)
5. Google takes Chile data center plans back to square one on environmental concerns
Google will rework from scratch its plans to build a $200 million data center in Santiago after concerns were raised about its environmental impact on the Chilean capital, the U.S. tech giant said in a statement on Tuesday. (West Law)
6. Cyprus backs multi-billion electric cable link from Europe to Mideast
The so-called Great Sea Interconnector (GSI) seeks to link the transmission networks of Greece via Crete, Cyprus and eventually Israel in a project costing 2.4 billion euros ($2.7 billion). As far as Cyprus, the cable is estimated at 1.9 billion euros. (DeccanHerald)
Tech trends
7. JPMorgan in talks with Apple over Goldman credit card partnership, source says
JPMorgan Chase is in talks with Apple about replacing Goldman Sachs as the tech giant’s credit-card partner, a source familiar with the matter said on Tuesday. (Reuters)
8. Instagram rolls out teen accounts with privacy, parental controls
Meta says it’s testing new ways to corral all teens into the accounts, even if they lie about their ages. (NBC News)
AI
9. Microsoft, BlackRock to launch $30 bln fund for AI infrastructure
BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. (Reuters)
10. California governor signs legislation to protect entertainers from AI
California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorised artificial intelligence that could be used to create digital clones of themselves without their consent. (AP news)
11. Microsoft, UAE’s AI firm G42 to set up two new centres in Abu Dhabi
Microsoft and United Arab Emirates-based artificial intelligence company G42 will open two centres in Abu Dhabi to work on “responsible” AI initiatives, the companies said on Tuesday. (Reuters)
12. China’s Lenovo to make AI servers in India, opens new AI-centric lab
China’s Lenovo Group will start making artificial intelligence (AI) servers at its plant in southern India and opened an AI servers-focussed R&D lab in the tech hub of Bengaluru, the electronics hardware maker said on Tuesday. (US News)
AR/VR
13. Snap advances bet on augmented reality with new version of Spectacles glasses
Snap announced an upgraded version of its Spectacles augmented-reality glasses on Tuesday, doubling down on its bet that wearable devices to enhance the view of the real world will be one of the next frontiers in tech. (MSN)
