Tech News Hub: WEEKLY NEWS ROUNDUP
We are as excited as you are to bring out another session of Tech News Hub: Weekly News Roundup, where we summarise the weekly ongoing shortly but in a detailed view. We also have interesting news around tech, finance, regulations, blockchain chips, service providers, and plenty more this week.
Our first story covers the "Two US Senators reported the CIA collection citizen data in bulk", which is quite alarming. Ron Wyden and Martin Heinrich, Democratic Senators from Oregon and New Mexico, respectively. They co-signed letters and sent them to the Central Intelligence Agency (CIA) director, which was later disclosed as requested. But certain lines were blacked out by the CIA head to leak more information.
If you're looking for the letter sent to the Central Intelligence Agency's (CIA's) director William J. Burns, click this link. Data collection policies in the US, UK, or Europe are taken into serious consideration. According to the letter, bulk data collection should have proper reason, and the CIA should state that accordingly. Also, their source of data and what they were willing to do with it is still unclear.
Pelotons founding CEO John Foley is leaving the position is replaced by former CFO of Spotify Barry McCarthy. John led the company for almost a decade, starting in 2012, and since then, the company has seen tremendous success over the years. There was no disclosure of change in board members on his CNBC interview, but this February, he ended the decade-long decision-maker position.
Along with Johns stepping down, the company is cutting down 2,800 corporate jobs. John Foley said, "I have always thought there has to be a better CEO for Peloton than me; Barry is more perfectly suited than anybody I could've imagined." With that ending remark and a 73 per cent slash of stock price, the company is certainly going at a bumpy ride. More is discussed in the main article.
Microsoft Azure is collaborating with Singapore's first sovereign cloud building blocks. The country chose Microsoft Azure among a pool of applicants to help build a digital future. Singapore's Home Team Science and Technology Agency (HTX) and MS Azure signed the document of prolonged partnership. CEO of HTX Chan Tsan said, "this strategic partnership with Microsoft to develop a Sovereign Cloud here in Singapore." Read the main story to learn more.
Computer chip manufacturing king Intel is leaping towards blockchain-friendly chips that will help miners more effectively. The current market of dedicated graphics chips is in a terrible situation as scalpers take in computer grade products, and there has been a shortage for the last few years.
Intel seems to be on the right track by cashing in on blockchain technology. Even though the official statement shared by Intel from Raja M. Koduri seems like a marketing article with buzzwords such as "Web 3.0," "Moore's Law," etc., more will be unveiled at the International Solid-State Circuits Conference (ISSCC). Raja said, "The blockchain accelerators may have over 1000x better preference per watt than mainstream GPUs for SHA-265 based mining."
Our fifth story covered "Google's Vertex AI: Four new Executive Briefing Centre's" and its details. Bringing innovative tech products before anyone else is another reason they are one of the most significant sources of global tech. Azure and Google cloud combined, and doubling the value wouldn't match AWS's total valuation; the competition they put in is tremendous.
Google's Vertex AI is a custom technology that helps organisations and businesses deploy machine learning (ML) and artificial intelligence (AI) solutions as early as possible. Along with that, four new Briefing Centres will be made according to John Jester, Google Cloud's VP of Customer Experience. They will be in London, Paris, Munich and Singapore. Read the full story to learn more.
Our sixth story was inspired by CRN's channel chief briefings where we brought in assumptions. AMD's NA channel chief Terry Richardson, Senior VP of Arctic Wolf, Bob Skelly, Area 1 Security's chief revenue officer Steve Pataky, Aruba, a Hewlett Packard Enterprise Company's VP of worldwide channels Donna Grothjan, Oliver Tuszik, Senior VP of global partner sales at Cisco were presented. They shared a vision for solution providers and hybrid adoption.
Our last story for the week covered "Alphabet's Google may have unwelcomed guests from Apple's executive chair. Apple-Google antitrust battle continues." In this one, we specifically mentioned how Google pays companies like Apple, Samsung and many others to keep Google as the default search option. According to lawmakers and regulators, it removes competition and asserts dominance. The Federal Trade Commission (FTC) and the US Justice Department work together to sort the issue.
Stay tuned for another piece of Tech News Hub: Weekly News Roundup.