WEBVTT - Tech News: Meta's Numbers are on the Rise Again

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<v Speaker 1>Welcome to tech Stuff, a production from I Heart Radio.

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<v Speaker 1>Hey there, and welcome to tech Stuff. I'm your host,

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<v Speaker 1>Jonathan Strickland. I'm an executive producer with I Heart Radio.

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<v Speaker 1>And how the tech are you. It's time for the

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<v Speaker 1>tech news for Thursday, April twenty eight, two thousand, twenty two,

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<v Speaker 1>and we're gonna start off with some news about Meta.

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<v Speaker 1>The company had its first quarter report and the results

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<v Speaker 1>gave new confidence to investors. Now you might remember that

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<v Speaker 1>we found out that by the end of last year,

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<v Speaker 1>Meta had seen a decline in users for the first time,

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<v Speaker 1>and that, coupled with a couple of other tough pills

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<v Speaker 1>to swallow, ended up being a big shadow across the company.

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<v Speaker 1>And those tough bills included stuff like Zuckerberg acknowledging that

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<v Speaker 1>TikTok was far more effective at a tracting young users

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<v Speaker 1>than than Meta's properties were, including stuff like Instagram and Facebook,

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<v Speaker 1>and that Meta had been spending billions of dollars on

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<v Speaker 1>its Metaverse plans, but those plans are not gonna come

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<v Speaker 1>to fruition for several years. I mean, Zuckerberg himself said

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<v Speaker 1>it will be many years before this becomes a revenue

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<v Speaker 1>generating part of the business. This is literally us building

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<v Speaker 1>it out, and that meant that for a while folks

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<v Speaker 1>were kind of seeing doom and gloom for the company

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<v Speaker 1>because again, so much of our focus is on the

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<v Speaker 1>short term. But now Meta reports that they saw an

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<v Speaker 1>uptick in users this past quarter. There was actually an

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<v Speaker 1>increase Now The Verge reports that the growth in users,

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<v Speaker 1>while definitely being there, is still the lowest growth rate

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<v Speaker 1>in the company's history, with the Facebook app growing by

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<v Speaker 1>four percent in the first quarter. That company also revealed

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<v Speaker 1>that ad revenue is likely still going to be fairly

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<v Speaker 1>soft for the next few months, largely because of how

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<v Speaker 1>Apple updated iOS so that users can opt out of

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<v Speaker 1>some tracking data that Meta had been relying upon in

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<v Speaker 1>order to deliver targeted ads. Targeted ads have super high

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<v Speaker 1>value to advertisers, so without that guarantee, then Facebook, you know,

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<v Speaker 1>they can still sell ads, but the targeted ads were

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<v Speaker 1>the ones that we're bringing in the most money, so

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<v Speaker 1>it means having to sell kind of a lower tier

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<v Speaker 1>advertising because of this issue with Apple. Interesting to me

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<v Speaker 1>that investors appear to be responding more to the uptick

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<v Speaker 1>in user numbers than in the announcements that revenue might

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<v Speaker 1>still be a bit slow. Also, Zuckerberg indicated that the

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<v Speaker 1>company is going to ease back on some of its

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<v Speaker 1>expenditures this year, probably because a lot of folks don't

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<v Speaker 1>really like thinking about long term investments and they prefer

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<v Speaker 1>to see numbers go up quarter over quarter. And Bloomberg

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<v Speaker 1>reports that the easing off is a is a relative thing.

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<v Speaker 1>Really that apparently the target spending for the year was

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<v Speaker 1>somewhere around us staggering nine five billion dollars and now

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<v Speaker 1>it's going to be somewhere closer between eighty seven and

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<v Speaker 1>ninety two billion dollars um, which I mean, again, that's

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<v Speaker 1>from the Bloomberg report, and that's just bonkers to me. Anyway,

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<v Speaker 1>it continues to astound me how the company's share value

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<v Speaker 1>can fluctuate dramatically over metrics that, at least to my eyes,

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<v Speaker 1>don't seem to indicate actual real success or meaningful growth,

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<v Speaker 1>like if it's not bringing in revenue, or if it's

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<v Speaker 1>not bringing in you know, a uh an equal amount

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<v Speaker 1>of revenue compared to the growth and users, I don't

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<v Speaker 1>see where the value is. But then I'm not a

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<v Speaker 1>finance person, and I fully admit that I likely just

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<v Speaker 1>don't have a good enough understanding of investment. This is

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<v Speaker 1>a me problem more than say, a meta problem. I

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<v Speaker 1>guess now I do have another meta story, and this

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<v Speaker 1>is a positive one. And I know I'm surprised too,

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<v Speaker 1>But some researchers with Meta's AI division collaborated with researchers

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<v Speaker 1>at the University of Illinois Urbana Champagne to tackle a

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<v Speaker 1>hard problem that's a pun you just don't know it yet,

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<v Speaker 1>and that problem is finding ways to make concrete that

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<v Speaker 1>end up cutting way back on carbon dioxide emissions. There's

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<v Speaker 1>a huge carbon footprint in concrete production. Actually did an

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<v Speaker 1>episode about concrete not too long ago and talked about

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<v Speaker 1>how the production of cement is a really carbon intensive process.

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<v Speaker 1>Concrete production contributes about eight percent of all carbon dioxide

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<v Speaker 1>emissions globally each year. So finding ways to make concrete,

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<v Speaker 1>which is undeniably useful stuff, I mean, it's important while

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<v Speaker 1>also cutting back on CEO two emissions would be a

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<v Speaker 1>huge important component in our plans to achieve a carbon

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<v Speaker 1>neutral status in the future. But a huge challenge, a

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<v Speaker 1>huge problem is that there are multiple variables that you

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<v Speaker 1>can tweak when you're producing concrete. You could break it

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<v Speaker 1>down and say that concrete is essentially made up of

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<v Speaker 1>four things. You know, it's like water, aggregate, cement, and

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<v Speaker 1>typically some other substances that allow for the creation of concrete,

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<v Speaker 1>which means that you can tweak those different factors, right

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<v Speaker 1>and uh in different measurements and determine all, right, well,

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<v Speaker 1>let's see if we put less cement in and more

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<v Speaker 1>of this other stuff in what happens. But because you've

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<v Speaker 1>got four variables, there are a lot of different ways

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<v Speaker 1>to play with that, and that is one of the

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<v Speaker 1>reasons why I can get really challenging, because you guys

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<v Speaker 1>spend a lot of time playing around with all these

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<v Speaker 1>different variables. So the researchers used AI to train a

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<v Speaker 1>model on one thousand different concrete formulas and then derive

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<v Speaker 1>what would be you know, likely to be the most

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<v Speaker 1>efficient approach that would still yield a strong and reliable concrete.

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<v Speaker 1>Because sometimes you can change this stuff up and you

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<v Speaker 1>will get concrete, but it takes too long to dry,

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<v Speaker 1>it's not as strong, and yeah, maybe it didn't create

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<v Speaker 1>as much CEO two, but it might not be useful.

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<v Speaker 1>So they fed all these formulas into the system, and

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<v Speaker 1>the system itself produced new formulas and the team picked

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<v Speaker 1>the five most promising ones to continue testing and tweaking,

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<v Speaker 1>and they modified the AI generated formulas slightly to improve them,

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<v Speaker 1>and ultimately the team created a new formula that could

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<v Speaker 1>replace up to half of the cement needed to produce

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<v Speaker 1>any given amount of concrete and instead use other materials

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<v Speaker 1>like fly ash and slag in its place. In addition,

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<v Speaker 1>the formula was supposed to exceed all strength metric requirements,

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<v Speaker 1>which it did, and that meant that the concrete produced

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<v Speaker 1>should be more than strong and resilient enough to serve

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<v Speaker 1>as concrete while that cement requirement is still reduced dramatically.

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<v Speaker 1>Meta then teamed up with a concrete company called Ozinga

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<v Speaker 1>to refine this formula even further and to move into

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<v Speaker 1>real world testing. Because it's one thing to say that

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<v Speaker 1>mathematically this is what it means. It's another thing to

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<v Speaker 1>actually find out in the real world. There's still more

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<v Speaker 1>work to be done, including finding out there's a way

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<v Speaker 1>to create this kind of concrete that drives a little faster,

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<v Speaker 1>because that would speed up construction efforts when you're making

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<v Speaker 1>use of this concrete. Otherwise, you have to wait for

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<v Speaker 1>it to to cure while uh, you know, before you

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<v Speaker 1>can start laying down more. Here's some elon musk Twitter

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<v Speaker 1>news that has nothing to do with him buying the platform.

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<v Speaker 1>So back in two thousand eighteen, the u S Security

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<v Speaker 1>is an exchange commission or SEC, charged Musk with fraud

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<v Speaker 1>after he tweeted that he had secured enough funding to

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<v Speaker 1>take Tesla private. Uh. The SECS allegations that Musk had

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<v Speaker 1>not actually secured such funding and that the announcement ended

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<v Speaker 1>up having a massive effect on Tesla's stock price, and

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<v Speaker 1>that Musk was essentially manipulating the stock market, which I

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<v Speaker 1>should add is a big no no. So there was

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<v Speaker 1>a lawsuit and ultimately Musk settled out of court, and

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<v Speaker 1>in the process he signed a document that required him

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<v Speaker 1>and Tesla to each pay twenty million dollars in civil finds.

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<v Speaker 1>Plus Musk had to step down as chairman of Tesla's

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<v Speaker 1>board of directors, and from that point forward he was

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<v Speaker 1>supposed to seek pre approval for any tweets he was

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<v Speaker 1>going to send out that related to his businesses before

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<v Speaker 1>he actually posted them. Well, recently, Musk has been trying

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<v Speaker 1>to get that settlement thrown out, but a federal judges

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<v Speaker 1>said no, Dice, it stands the judge argues that the

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<v Speaker 1>SECS allegations were fair and warranted, and that Musk has

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<v Speaker 1>no evidence that he actually secured the funding he said

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<v Speaker 1>he had, and that he signed this settlement voluntarily, and

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<v Speaker 1>he must therefore abide by its rules. The judge also wrote,

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<v Speaker 1>quote Musk may wish it were otherwise, but he remains

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<v Speaker 1>subject to the same enforcement authority and has the same

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<v Speaker 1>means to challenge the exercise of that authority as any

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<v Speaker 1>other citizen. End quote. Right to repair advocates in the

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<v Speaker 1>United States can celebrate a victory. Apple has now made

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<v Speaker 1>self service repair for iPhone twelve and thirteen models available

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<v Speaker 1>in the United States. That means that Apple will allow

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<v Speaker 1>people to order repair manuals, proprietary tools needed to access

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<v Speaker 1>Apple products, and even official Apple parts through the self

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<v Speaker 1>service repair store. Now that's not to say that your

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<v Speaker 1>average iPhone user is really going to be able to

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<v Speaker 1>pop open the hood and change the air filter on

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<v Speaker 1>their phone or whatever. You get what I mean. Making

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<v Speaker 1>repairs will require a certain level of knowledge, skill, and expertise,

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<v Speaker 1>so it's far more likely that independent electronics repair stores

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<v Speaker 1>will make use of this offering, giving iPhone users options

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<v Speaker 1>when it comes to fixing problems with their phones. Apple

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<v Speaker 1>later plans to roll out similar offerings for Mac computers,

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<v Speaker 1>and this is a pretty big step for Apple, which

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<v Speaker 1>for years has attempted to maintain a walled garden and

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<v Speaker 1>require users to go through Apple and Apple alone when

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<v Speaker 1>it comes to repairs. So good job Apple. We've got

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<v Speaker 1>a few more news items to get through. But before

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<v Speaker 1>we do that, let's take a quick break down under

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<v Speaker 1>Amazon has declined to acquiesce to the government's request to

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<v Speaker 1>take a look see at the company's product search system

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<v Speaker 1>and algorithms. So the government wants to see if Amazon

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<v Speaker 1>favors its own in house products over a third party

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<v Speaker 1>merchant products and other words, giving itself an unfair advantage

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<v Speaker 1>in the Amazon marketplace. So this is the same accusation

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<v Speaker 1>Amazon has faced in places like India and the United States.

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<v Speaker 1>Amazon has refused to share that information, or at least

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<v Speaker 1>declined to send it to the Australian government, and the

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<v Speaker 1>company denies that it has ever given preferential treatment to

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<v Speaker 1>its own products. That's not likely to fly for the

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<v Speaker 1>Australian Competition and Consumer Commission for the a c c

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<v Speaker 1>c H. Now, one thing that is very much different

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<v Speaker 1>in Australia compared to some other markets, like specifically the

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<v Speaker 1>United States, is that Amazon is still a relatively young

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<v Speaker 1>player in that country, and it's in fact, it's not

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<v Speaker 1>the largest online market in Australia. In fact, according to

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<v Speaker 1>the a c c C, Amazon brought in just one

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<v Speaker 1>quarter of the sales that eBay saw in Australia last year. However,

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<v Speaker 1>the a c c C is concerned about any platform

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<v Speaker 1>that engages in what it views as anti competitive or

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<v Speaker 1>unfair practices, even if that platform isn't as dominant down

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<v Speaker 1>there as it is here. Now, the only other thing

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<v Speaker 1>I know about Amazon in Australia is that the company

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<v Speaker 1>has seen a lot of returns of boomerangs. But then

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<v Speaker 1>I'm led to understand that's what they're supposed to do.

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<v Speaker 1>Related to Amazon, let's talk about Twitch, because Amazon owns Twitch.

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<v Speaker 1>According to Bloomberg, Twitch is considering a couple of moves

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<v Speaker 1>that could dramatically impact streamers and the experience of watching

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<v Speaker 1>live streams on the platform. First is that it sounds

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<v Speaker 1>like Twitch wants to encourage streamers to run more ads

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<v Speaker 1>during live streams. Obviously, that would generate more revenue for

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<v Speaker 1>the platform, And another possible strategy is that Twitch will

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<v Speaker 1>change the amount of subscription revenue that streamers get to keep.

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<v Speaker 1>So right now, if you subscribe to a Twitch streamer,

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<v Speaker 1>let's say that you know, you've you chalk over six

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<v Speaker 1>bucks a month in order to follow a particular streamer.

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<v Speaker 1>The streamers keep se of the revenue generated from audience

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<v Speaker 1>subscriptions to their channel. But according to Bloomberg, Twitch is

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<v Speaker 1>considering dropping that down, so it's a fifty fifty split.

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<v Speaker 1>Fifty go to the streamer and the other fifty goes

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<v Speaker 1>to Twitch itself. That is probably not going to go

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<v Speaker 1>over so well with the streaming community at large, certainly

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<v Speaker 1>not for some of the more active streamers who really

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<v Speaker 1>depend upon Twitch for their livelihood. Now, whether this might

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<v Speaker 1>prompt an exodus from Twitch to other platforms like YouTube

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<v Speaker 1>remains to be seen. For some, like some of the

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<v Speaker 1>really big ones, they might be signed to exclusive contracts

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<v Speaker 1>that lock them into Twitch for a while. Um for

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<v Speaker 1>other ones, more moderate content creators, it may be just

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<v Speaker 1>a question they have to ask themselves. It also may

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<v Speaker 1>turn out that the company will reconsider these moves. They

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<v Speaker 1>haven't yet been implemented, so there's no you know, setting

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<v Speaker 1>stone Lan to go this way. Also in gaming, AXIOS

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<v Speaker 1>reports that far right extremism is growing in the gaming

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<v Speaker 1>space and that the systems present in games are not

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<v Speaker 1>up to the task of moderating players and addressing the problem.

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<v Speaker 1>Axis cites a couple of reports. One came from the

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<v Speaker 1>Extremism and Gaming Research Network and it published in December

0:14:24.200 --> 0:14:27.520
<v Speaker 1>two thousand one. UH. There was another report from two

0:14:27.560 --> 0:14:31.520
<v Speaker 1>thousand nineteen from the Anti Defamation League, and these reports

0:14:31.600 --> 0:14:34.720
<v Speaker 1>paint a pretty troubling picture. They show that more than

0:14:34.760 --> 0:14:38.040
<v Speaker 1>half of the people who have experienced harassment in online

0:14:38.080 --> 0:14:42.400
<v Speaker 1>multiplayer games believe that they were targeted because of things

0:14:42.440 --> 0:14:46.120
<v Speaker 1>like their race, their gender, their sexual orientation, and so on.

0:14:46.600 --> 0:14:49.960
<v Speaker 1>The two thousand twenty one report indicates that games are

0:14:50.000 --> 0:14:52.040
<v Speaker 1>sorely lacking when it comes to ways that they can

0:14:52.120 --> 0:14:57.080
<v Speaker 1>manage the problem. This sets them apart from platforms like Facebook, Twitter,

0:14:57.560 --> 0:15:00.040
<v Speaker 1>you know, other social network platforms that have spent a

0:15:00.120 --> 0:15:03.640
<v Speaker 1>lot of money trying to deal with this problem to

0:15:03.840 --> 0:15:07.920
<v Speaker 1>varying degrees of success, but the gaming space in general

0:15:08.040 --> 0:15:11.720
<v Speaker 1>hasn't done that yet. UH. There are also indications that

0:15:11.720 --> 0:15:15.640
<v Speaker 1>white supremacist ideology is on the rise within the online

0:15:15.680 --> 0:15:19.400
<v Speaker 1>gaming world in general, so it does paint a pretty

0:15:19.400 --> 0:15:22.480
<v Speaker 1>troubling picture. It doesn't mean that you know games are

0:15:22.520 --> 0:15:25.760
<v Speaker 1>bad themselves, but rather there may need to be a

0:15:25.880 --> 0:15:31.080
<v Speaker 1>shift and how companies end up moderating their players in

0:15:31.120 --> 0:15:36.080
<v Speaker 1>their online platforms. In Michigan, several parties led by Ford

0:15:36.120 --> 0:15:40.320
<v Speaker 1>and Sidewalk Infrastructure Partners have raised one million dollars in

0:15:40.360 --> 0:15:44.640
<v Speaker 1>capital funding to develop a connected roadway for the purposes

0:15:44.720 --> 0:15:49.280
<v Speaker 1>of autonomous cars. So the roadway will connect Detroit to

0:15:49.400 --> 0:15:53.960
<v Speaker 1>ann Arbor, Michigan, and it was previously announced in twenty twenty,

0:15:54.080 --> 0:15:57.240
<v Speaker 1>but the recent news marks the first time serious money

0:15:57.280 --> 0:16:00.640
<v Speaker 1>is being put towards this project. So the goal is

0:16:00.680 --> 0:16:04.960
<v Speaker 1>to create a dedicated roadway for self driving vehicles, and

0:16:05.040 --> 0:16:08.440
<v Speaker 1>the roadway will actually include hardware that will allow for

0:16:08.520 --> 0:16:13.320
<v Speaker 1>communication between the vehicle and the underlying infrastructure. And this

0:16:13.400 --> 0:16:15.680
<v Speaker 1>is something I'm really interested in. It's something that we've

0:16:15.720 --> 0:16:19.280
<v Speaker 1>been talking about for years now, and that's the most

0:16:19.280 --> 0:16:22.200
<v Speaker 1>self driving cars that we think about today. For the

0:16:22.280 --> 0:16:26.680
<v Speaker 1>most part, they are largely self contained systems. It's like

0:16:26.760 --> 0:16:30.000
<v Speaker 1>having your own PC, right and and not having it

0:16:30.040 --> 0:16:32.560
<v Speaker 1>connect to anything else. The PC is able to do

0:16:32.600 --> 0:16:37.640
<v Speaker 1>some incredible stuff, but it's restricted to its own abilities.

0:16:38.000 --> 0:16:40.840
<v Speaker 1>So the car alone is responsible for operating the vehicle,

0:16:41.240 --> 0:16:44.680
<v Speaker 1>monitoring the surrounding environment, avoiding collisions and all that kind

0:16:44.720 --> 0:16:49.600
<v Speaker 1>of stuff. However, if you're able to pair an autonomous

0:16:49.680 --> 0:16:53.200
<v Speaker 1>vehicle with a smart infrastructure, while the vehicles on the

0:16:53.320 --> 0:16:57.200
<v Speaker 1>road can communicate with the road itself, and then also

0:16:57.280 --> 0:17:01.760
<v Speaker 1>by extension other autonomous vehicles, which can allow for faster traffic,

0:17:02.120 --> 0:17:06.200
<v Speaker 1>less congestion, safer operations because like everyone knows what everyone

0:17:06.280 --> 0:17:09.280
<v Speaker 1>else is doing already, right, all the cars are aware

0:17:09.400 --> 0:17:13.040
<v Speaker 1>of all the other cars on that infrastructure and can

0:17:13.080 --> 0:17:16.920
<v Speaker 1>operate at a higher rate of speed with a much,

0:17:17.040 --> 0:17:21.560
<v Speaker 1>much much lower probability of something going wrong apart from

0:17:21.600 --> 0:17:24.359
<v Speaker 1>things like you know, like a flat tire. Stuff like

0:17:24.400 --> 0:17:27.760
<v Speaker 1>that still obviously an issue, but that cars would be

0:17:27.760 --> 0:17:32.880
<v Speaker 1>able to react very quickly and collectively, so you wouldn't

0:17:32.920 --> 0:17:36.520
<v Speaker 1>have things like pile ups. Now, Obviously, building out infrastructure

0:17:36.600 --> 0:17:40.600
<v Speaker 1>is time consuming, it's expensive, and it's challenging, and we

0:17:40.640 --> 0:17:42.800
<v Speaker 1>already have tons of roads here in the United States,

0:17:42.800 --> 0:17:47.879
<v Speaker 1>and building out, replacing or upgrading existing infrastructure, that's a

0:17:48.000 --> 0:17:51.800
<v Speaker 1>that's a huge endeavor. Anyone who has lived somewhere that

0:17:51.920 --> 0:17:55.080
<v Speaker 1>had massive road work being done on a local Highway

0:17:55.280 --> 0:17:58.240
<v Speaker 1>knows that it can take an excruciatingly long time for

0:17:58.280 --> 0:18:02.760
<v Speaker 1>that work to complete. Ill if this project in Michigan

0:18:02.880 --> 0:18:06.920
<v Speaker 1>ends up being a big success, it could serve as

0:18:07.000 --> 0:18:09.920
<v Speaker 1>a model for future projects leading to a more safe

0:18:09.920 --> 0:18:14.160
<v Speaker 1>and effective autonomous vehicle ecosystem. Finally, over in the UK,

0:18:14.680 --> 0:18:18.840
<v Speaker 1>the government is revising laws regarding public service broadcasting and

0:18:18.920 --> 0:18:23.960
<v Speaker 1>these laws will now also cover streaming services like Netflix,

0:18:24.000 --> 0:18:27.880
<v Speaker 1>Apple TV and more that are operating within the UK.

0:18:28.560 --> 0:18:31.880
<v Speaker 1>So the rules will include a restriction on broadcasting quote

0:18:31.960 --> 0:18:36.640
<v Speaker 1>unquote harmful content. Now I'm not entirely certain what constitutes

0:18:36.720 --> 0:18:40.639
<v Speaker 1>harmful content, like what is defined as harmful content, but

0:18:40.840 --> 0:18:45.040
<v Speaker 1>if a streaming service is found guilty of broadcasting harmful

0:18:45.080 --> 0:18:47.919
<v Speaker 1>content within the UK, it can be fined up to

0:18:48.000 --> 0:18:51.320
<v Speaker 1>five percent of its revenue. And it sounds to me

0:18:51.480 --> 0:18:55.800
<v Speaker 1>as though the process is a viewer watches a streaming service,

0:18:56.200 --> 0:18:59.160
<v Speaker 1>see something on that streaming service that the viewer believes

0:18:59.240 --> 0:19:03.560
<v Speaker 1>is harmful. The viewer then contact the UK's communications regulatory

0:19:03.600 --> 0:19:06.880
<v Speaker 1>agency known as the Office of Communications but better known

0:19:06.920 --> 0:19:11.200
<v Speaker 1>as OFFCOM, and presumably OFFCOM would then review that material

0:19:11.240 --> 0:19:14.680
<v Speaker 1>to determine if it does in fact constitute harmful content.

0:19:15.040 --> 0:19:17.880
<v Speaker 1>And then take action, but I'm not entirely certain. I'll

0:19:17.920 --> 0:19:19.960
<v Speaker 1>have to keep an eye on it. And that's the

0:19:20.000 --> 0:19:23.680
<v Speaker 1>news for Thursday, April two thousand twenty two. Hope you're

0:19:23.680 --> 0:19:26.879
<v Speaker 1>all well. If you have any questions or suggestions for me,

0:19:26.960 --> 0:19:28.879
<v Speaker 1>send me a message on Twitter. The handle for the

0:19:28.880 --> 0:19:31.880
<v Speaker 1>show is text Stuff H s W. And I'll talk

0:19:31.920 --> 0:19:40.679
<v Speaker 1>to you again really soon. Text Stuff is an I

0:19:40.800 --> 0:19:44.280
<v Speaker 1>Heart Radio production. For more podcasts from my heart Radio,

0:19:44.640 --> 0:19:47.800
<v Speaker 1>visit the i heart Radio app, Apple Podcasts, or wherever

0:19:47.880 --> 0:19:49.399
<v Speaker 1>you listen to your favorite shows.