Avesta, 220 Davidson Avenue, Suite #302, Somerset, NJ (2026)

07/31/2023

In a landmark decision, seven prominent automakers - BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis - have announced a joint venture aiming to create a robust EV charging network across North America. This strategic alliance intends to make charging more accessible and user-friendly, contributing significantly to the proliferation of electric vehicles.

Their ambitious plan is to install at least 30,000 high-speed EV chargers by 2030, with the initial roll-out scheduled for summer 2024 in the US. The plan includes leveraging the National Electric Vehicle Infrastructure (NEVI) funding and incorporating private and public funding at state and federal levels. The charging stations will be located strategically along highways, urban environments, and popular vacation routes.

A distinguishing feature of this joint venture is its user-centric approach. The proposed charging stations will be compatible with all EV models manufactured by the partnering automakers. Additionally, the collaboration aims to incorporate the "Plug and Charge" standard, which the Federal Highway Administration is attempting to standardize, eliminating the need for individual charging station apps.

The charging network also promises to be green, planning to run entirely on renewable energy, a commitment that aligns with the broader sustainability goals of the EV industry. While Canadians will have to wait a bit longer for the first installations, the completed network is planned to be operational by 2030.

07/27/2023

Five years after selling its stake and quitting India BlackRock is set to make a comeback in India but this time with Jio Financial Services. After it's legendary $20-billion demerger just days ago, Jio Financial Services has taken fast strides and agreed to a 50:50, initial $150-million investment from the world's biggest wealth and asset management firm, BlackRock.

Jio Financial Services, like all things Jio, plans to launch a digital first platform to provide lending opportunities to both consumers and businesses. With time Jio BlackRock aims at positioning itself as a significant player in India’s thriving mutual fund industry, which is currently dominated by SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund.

Job Title: Front-end Web DeveloperLocation: Reston, VAType: Fulltime Please send your application to irfan@avestacs.com ...

07/26/2023

Job Title: Front-end Web Developer
Location: Reston, VA
Type: Fulltime

Please send your application to [email protected] to apply for the position.

About Client:
Our customer is a venture funded SaaS product start-up, that is a leader, offering an enterprise-class platform, covering unmanned aircraft traffic management and drone operations solutions and software capabilities, as the Urban Air Mobility and Advanced Air Mobility industry continues to rapidly grow and advance globally.

Requirements:
• Creating React and VueJS based web applications that work on a variety of interfaces.
• Extensive Experience in working with and consuming RESTful APIs and web services.
• Excellent HTML-5 /CSS3 skills are required.
• 3 year min experience in JavaScript
• Proficient in VueJs or ReactJs.
• Experienced in store management like Vuex, Redux.
• Experience in containers like Docker is a plus.
• Experience in GIT, GITHUB, NPM, Webpack.
• Linux skills - preferred.

Qualifications:
• A Bachelor’s degree in Computer Science or equivalent.
• 3-5 years of relevant work experience.
• Familiar with Agile methods like Jira, Bitbucket.
• Ability to work in a small, fast paced, collaborative environment.
• Excellent communication skills, oral and written.
• Self confidence, flexibility and a result-driven attitude.
• Proven ability to learn new software and/or analytical techniques rapidly, becoming competent to a high degree of autonomy.

07/25/2023

TikTok has unveiled a new feature that enables users to create text-only posts. This move is designed to expand the platform's content creation capabilities beyond its traditional video-based offerings.

This shift comes as the social media landscape is adjusting to Twitter's recent rebranding as 'X' under the leadership of Elon Musk. TikTok is among the tech companies seeking to capitalise on these changes by offering an alternative platform for those looking for different social media experiences.

The text-based posts on TikTok will have a limit of up to 1,000 words. This initiative aims to enhance the platform's diversity by giving written creativity, previously seen only in comments, captions, and videos, a dedicated space to shine. Additionally, users will be able to personalize their posts by adding colored backgrounds and stickers.

The introduction of this new feature places TikTok in direct competition with other text-based social media platforms. Specifically, Instagram’s Threads app, a text-based platform that uses the existing Instagram user base, is one of the key competitors in this space.

Overall, the launch of text-only posts on TikTok is seen as a strategic response to the current changes and financial difficulties faced by Twitter. It represents an opportunity for TikTok to potentially attract part of Twitter's user base while diversifying its own platform.

07/25/2023

In a significant rebranding move, Twitter, under the ownership of Elon Musk, has replaced its iconic blue bird logo with a white 'X' on a black background. Linda Yaccarino, Twitter's CEO, revealed the new logo, a change that comes in the wake of Musk's acquisition of the social media platform for $44 billion in 2022. The billionaire entrepreneur hinted at the logo's change, signaling the end of the Twitter brand and a departure from its bird-related imagery. The rebranding has sparked criticism from users, with trending on the platform. Musk envisions Twitter transforming into an "everything app" akin to China's WeChat, even rechristening the company to X Corp. Despite encountering technical issues and declining ad revenue under Musk's tenure, the social media giant continues to evolve, marking a new era in its journey and reshaping its identity with the symbolic 'X'.

The original Twitter logo, a blue bird named "Larry", held significant symbolism for the platform. Introduced in 2006, the bird became a globally recognized icon, embodying the essence of Twitter - freedom, conversation, and the spreading of ideas, much like a bird in flight. Its simplicity and minimalistic design underscored the platform's ethos of concise, direct communication. The logo was refreshed in 2012 with an even more streamlined design, reinforcing Twitter's commitment to simplicity. However, the bird's essential symbolism remained, encapsulating Twitter's mission to serve as a global town square. The recent change to 'X' marks the end of an era for the iconic blue bird, underscoring a shift in Twitter's identity under its new leadership.

07/20/2023

Microsoft's antitrust issue has reached Germany as it faces an EU complaint from German rival Alfaview. The complaint revolves around Microsoft bundling its video app Teams into its Office product, a move that has drawn scrutiny from regulators. This marks the second antitrust complaint Microsoft has faced regarding Teams, with Salesforce-owned workspace messaging app Slack previously voicing concerns about the bundling.

Alfaview, a company based in Karlsruhe, Germany, contends that Microsoft's bundling gives Teams an unfair competitive advantage that cannot be justified by performance and leaves rivals unable to match. According to alfaview, this practice significantly and permanently impacts competition in the communication software market.

Microsoft introduced Teams into its Office 365 suite for free in 2017, later replacing Skype for Business with the app. As a result of its actions, the European Commission is set to launch an investigation into the matter, as Microsoft's proposed remedies have been deemed insufficient.

Microsoft has a history of antitrust issues, having been fined a substantial amount in the past decade for practices that breached EU competition rules. While the formal investigation is yet to be initiated, Microsoft is currently under an informal probe, but it remains open to finding pragmatic solutions that address the Commission's concerns and meet customer needs. Meanwhile, Alfaview urges the EU antitrust watchdog to proceed with a formal investigation, asserting that Microsoft's offered remedies are inadequate.

Job Title: Lead – UI Engineer – XAML, UWPLocation: RemoteType: Contract / CTHPlease send your application to irfan@avest...

07/19/2023

Job Title: Lead – UI Engineer – XAML, UWP
Location: Remote
Type: Contract / CTH

Please send your application to [email protected] to apply for the position.

Our customer is Series B Venture funded SaaS product start up based in Bethesda, MD – Established in 2014.The platform serves the digital needs of quick service fast casual food outlets and restaurants covering POS, Drive-Thru, Kiosk, Online and Third-party order fulfillment. 80-member technology team between US and LATAM.

Expertise:
• Expert level - XAML with UWP – low level
• UI – Internals, Performance, and optimization
• Domain: POS (highly preferred)
• Experience with Product Design & Development

07/18/2023

Most are of the idea that all AI will enhance human knowledge, efficiency and productivity. We will find new and more effective drugs, and solve the climate crisis with it. But what if we tell you that not all AI is absolutely a godsend for humanity. After all, AI is just technology. What you do with it depends on who you are. There's nothing that suggests that AI can't be used for nefarious and illegal activities. Here are some of the worst humanitarian impacts of AI:

1. Cybersecurity attacks: AI can be used by malicious actors to enhance their cyberattacks. AI-powered malware and hacking tools can exploit vulnerabilities in computer systems more effectively, launch sophisticated phishing campaigns, or even autonomously infiltrate networks to steal sensitive data.

2. Disinformation and Deepfakes: AI can be employed to create highly convincing deepfake videos and generate realistic fake news articles or social media posts. This could lead to the spread of false information and have significant negative impacts on individuals, businesses, and even governments. This has led to an increase in child p**n distribution.

3. Radicalization: On Christmas Day, 2021, Jaswant Singh Chail was arrested after trying to kill the Queen of England as his AI chatbot girlfriend Sarai had radicalized him. Such cases are becoming common as more and more vulnerable people have been brainwashed by AI chatbots.

07/17/2023

The decision by the Indian government to impose a 28% tax on online gaming has sent shockwaves through the industry, with experts warning that it poses an "existential threat" and could lead to the industry's demise. Indian online gaming platforms and casinos have already witnessed a significant decline in share prices following the announcement by the GST (Goods and Services Tax) Council.

Previously, gaming start-ups in India paid a small tax on the fee they charged for offering games. However, with the implementation of a 28% GST on the full face value of gaming transactions, the entire amount collected from players will now be subject to taxation. This means that for every $100 spent by a player, $28 will go towards GST, in addition to platform charges and a 30% tax on winnings.

Experts argue that this move will discourage players and is inconsistent with global standards, where value-added tax or GST is typically levied on platform fees or commissions only. The gaming industry in India has experienced rapid growth in recent years, attracting significant foreign investment and creating jobs. However, the new tax could lead to job losses, impact revenue, and deter investor confidence.

Critics of the decision also argue that lumping online skill gaming with gambling activities is unconstitutional and ignores settled legal jurisprudence. They warn that the move may lead to an increase in illegal operators in the country. Some gaming companies may consider relocating their business outside India to mitigate the impact on investors.

While some argue that the tax is a step in the right direction to discourage speculative activities and address addiction concerns, others believe that stricter measures are necessary, including age and income restrictions or even a total ban. The Indian gaming industry is now expected to mount a legal challenge, but the government has maintained that the decision is unanimous and will not be rolled back.

07/14/2023

IdeaForge, the leading drone manufacturing company in India, has achieved tremendous success with its recent IPO. Founded in 2007 by a team of graduates from IIT-B, IdeaForge has come a long way since its inception. The company's journey began with the development of India's first quadrotor drone in 2004, and in 2009, they launched India's first fully autonomous drone technology.

IdeaForge's success can be attributed to its focus on hardware innovation, particularly in the field of drones. The company has a diverse product portfolio that caters to both civil and defense applications, offering a range of drones with different specifications and capabilities. Their drones have been deployed by the Indian Defense Forces for various purposes, including surveillance, anti-terror operations, and disaster management.

While IdeaForge has made significant strides in the Indian market, it is also expanding its global presence. The company has established a presence in countries like Oman, Bhutan, Nigeria, and North America, catering to security, surveillance, and mapping applications. IdeaForge has partnered with prominent distributors and resellers to strengthen its global distribution network.

The success of IdeaForge's IPO is evident from the significant premium at which its shares are listed. Within one day it doubled the investor's money. Although the stock experienced some fluctuations in its initial days of trading, IPO shareholders have still earned substantial profits. However, it is important to note that historical data suggests that many of India's most-subscribed IPOs have seen a decline in stock prices from their post-IPO highs.

Whether it would be a long-term success or not, only time would tell.

07/12/2023

Job Title: Head of FIC Financing and CRE Compliance, Americas – Director

Location: New York, NY (Hybrid)

Type: Fulltime

Please send your application to [email protected] to apply for the position.
Our customer is a large international banking institution.
Overview:
As the Head of Fixed Income & Currencies (FIC) Financing & Commercial Real Estate (CRE) Compliance, Americas, you will lead a team of business line Compliance officers providing real-time support to the FIC Financing and CRE businesses within the Investment Bank (IB). The role will involve advising on issues (questions, problems, or proposals) related to the structuring, sales and trading activities, surveillance and monitoring of controls, supervision, and other issues that are typical for a large global investment bank. You will provide real-time advisory services to the FIC Financing and CRE businesses; identify regulatory trends and developments that impact business areas and advise staff and business leadership as to how this may impact their current activities.
What You’ll Do:
-Advise business areas on Firm policies and procedures and applicable securities laws and regulations; draft, update, and implement relevant policies and procedures.
-Provide regulatory/compliance training; assist the Business in implementing and documenting various supervisory/control mechanisms.
-Participate in internal investigations, respond to regulatory inquiries, and coordinate internal and external audits and inspections; interact with federal and state regulators.
-Support the global compliance monitoring program by providing input on the framework documents and completing verification checks as outlined the in the annual monitoring plan.
-Perform testing and monitoring of compliance with Firm policies and conduct risk assessments of the Business to ensure effective business control framework.

Skills You’ll Need:
-Strong securities experience, preferably in a global investment bank or law firm
-Significant experience with fixed income (including structured credit/finance) products, but at a minimum experience in advising for financing business activity with prior management experience.
-Bachelor’s degree or equivalent; JD or MBA a plus
-Functional knowledge of the US fixed income and derivative trading regulatory framework, the ’33 Act and the ’34 Act, Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), broker dealer regulations and other relevant bank regulations; knowledge of SEC and FINRA laws, rules, and regulations as well as industry best practice.
-Relevant experience providing compliance or legal coverage to a sales or trading desk at abroker/dealer working on or providing trade/sales/structuring support to such a desk

07/11/2023

You may have noticed the yellow subtext on top of your WhatsApp messages mentioning End-to-End encryption. This means that your messages sent to a certain someone can only be known to that someone. There's no way for WhatsApp to know what you're sending.

However, UK's new Online Safety Bill has made it compulsory for Meta to keep a backdoor, which can be accessed to investigate dire situations, if needed. This means the end of the road for end to end encryption. Or is it?

Apple — which attempted to introduce a similar feature in iMessage in 2021 before reversing its decision — on Tuesday became the latest tech giant to speak out against the proposed legislation. In a statement given to the BBC, the iPhone maker called for the bill to be amended to offer protections for end-to-end encryption.

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