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Crypto
Backpack launches integrated trading platform for U.S. stocks and tokenised securities
Backpack, a cryptocurrency exchange founded by former FTX employees, has launched Backpack Securities, a platform that combines traditional stock trading with tokenised securities. The service lets users buy, hold and sell U.S. stocks through regulated brokerage infrastructure and convert shares into blockchain tokens. CEO Armani Ferrante (아르마니 페란테) said stock ownership and blockchain access are two pillars of one financial system. The platform integrates brokerage and Solana-based tokenisation services.
Industry
Car AI boom but little money? Only 18 percent of features generate revenue
Automakers are accelerating the rollout of artificial intelligence features, but cases that translate into real revenue remain limited, an analysis showed. A live survey at an SBD Automotive webinar found most participants said only about 18 percent of current in-car AI features generate profit. Industry speakers pointed to rising cloud computing costs as usage grows, making profitability management a key task. Consumer use is increasing, but trust and bias concerns remain.
Mobility
California fines GM $12.75 million over driver data sales allegations
California imposed a $12.75 million penalty on General Motors over allegations it sold location and driving data from hundreds of thousands of OnStar users to data brokers. The settlement, pending court approval, also restricts GM’s business by barring it from selling consumer personal data for 5 years and requiring deletion of stored driver data within 180 days unless consent is renewed. GM must also stop selling driving data to consumer credit reporting agencies.
