WEBVTT - Tech News: Elon Musk Names His Twitter Successor

0:00:04.440 --> 0:00:12.239
<v Speaker 1>Welcome to tech Stuff, a production from iHeartRadio. Hey there,

0:00:12.240 --> 0:00:15.840
<v Speaker 1>and welcome to tech Stuff. I'm your host, Jonathan Strickland.

0:00:15.880 --> 0:00:19.079
<v Speaker 1>I'm an executive producer with iHeartRadio and how the tech

0:00:19.120 --> 0:00:24.200
<v Speaker 1>are you? It is time for the tech News or Tuesday,

0:00:24.640 --> 0:00:31.120
<v Speaker 1>May sixteenth, twenty twenty three. And as the band Stained

0:00:31.400 --> 0:00:35.159
<v Speaker 1>would say, it's been a while since we've had an

0:00:35.159 --> 0:00:39.240
<v Speaker 1>Elon Musk heavy episode of tech news, but today we're

0:00:39.320 --> 0:00:42.199
<v Speaker 1>going to make up for that. So let strap in.

0:00:42.680 --> 0:00:47.480
<v Speaker 1>Last week on Thursday afternoon, after I had already published

0:00:47.920 --> 0:00:50.640
<v Speaker 1>my news episode for the day, which can I just

0:00:50.720 --> 0:00:54.639
<v Speaker 1>say rude, Elon Musk tweeted out that he had selected

0:00:55.040 --> 0:00:58.720
<v Speaker 1>a new CEO for Twitter. This had been something Musk

0:00:58.760 --> 0:01:01.760
<v Speaker 1>had been promising us for a while while. He said

0:01:01.760 --> 0:01:03.960
<v Speaker 1>that he would get a CEO to come on board

0:01:03.960 --> 0:01:06.280
<v Speaker 1>and replace him, adding that he would do so once

0:01:06.319 --> 0:01:09.200
<v Speaker 1>Twitter was kind of in a stable place. Now, I'm

0:01:09.200 --> 0:01:12.880
<v Speaker 1>not sure that Twitter is actually anywhere close to being stable,

0:01:13.200 --> 0:01:16.480
<v Speaker 1>considering the chaos that seems to unfold every week. But

0:01:17.000 --> 0:01:21.600
<v Speaker 1>forget that. We now know that Linda Yakarino has been

0:01:21.680 --> 0:01:27.440
<v Speaker 1>named the next CEO of Twitter. She formerly headed advertising

0:01:27.760 --> 0:01:30.640
<v Speaker 1>over at INBC Universal, which I mean, that's a heck

0:01:30.640 --> 0:01:33.800
<v Speaker 1>of a job. I mean, NBC Universal is a truly

0:01:34.160 --> 0:01:37.119
<v Speaker 1>enormous company, and of course it's part of an even

0:01:37.160 --> 0:01:41.560
<v Speaker 1>bigger company called Comcast, and so she definitely knows how

0:01:41.600 --> 0:01:44.800
<v Speaker 1>advertising works like this, is an expert in that field.

0:01:45.120 --> 0:01:48.920
<v Speaker 1>So could her leadership help repair the relationships between Twitter

0:01:49.000 --> 0:01:53.320
<v Speaker 1>and advertisers. I think she's got a decent chance now.

0:01:53.400 --> 0:01:55.960
<v Speaker 1>Whether she can convince the people who have already jumped

0:01:56.040 --> 0:02:00.000
<v Speaker 1>ship off of Twitter to come back remains to be seen.

0:02:00.200 --> 0:02:02.920
<v Speaker 1>So in other words, there may not be as many

0:02:02.960 --> 0:02:06.560
<v Speaker 1>folks to advertise too, even if she's able to convince

0:02:06.600 --> 0:02:10.359
<v Speaker 1>them to return to Twitter. Musk is also not leaving

0:02:10.400 --> 0:02:13.320
<v Speaker 1>Twitter entirely. Of course, he will stay on both as

0:02:13.360 --> 0:02:18.480
<v Speaker 1>the chief technology officer and as the executive chairman. Now,

0:02:18.520 --> 0:02:20.480
<v Speaker 1>I'll say this, I hope she can lead the company

0:02:20.520 --> 0:02:24.560
<v Speaker 1>toward true stability and success and create a place where

0:02:24.600 --> 0:02:29.960
<v Speaker 1>people aren't constantly bombarded by hate speech and misinformation and scams.

0:02:30.480 --> 0:02:33.040
<v Speaker 1>That would be nice. It's a long shot, because it's

0:02:33.200 --> 0:02:35.520
<v Speaker 1>I mean, I don't, honestly don't. I don't know what

0:02:35.560 --> 0:02:37.519
<v Speaker 1>you do to fix Twitter. At this point, it was

0:02:37.560 --> 0:02:41.440
<v Speaker 1>already not in the best of shape. Before Elon Musk

0:02:41.639 --> 0:02:44.760
<v Speaker 1>took over, and I don't see how you could argue

0:02:44.800 --> 0:02:48.840
<v Speaker 1>it's gotten any better since then. So yeah, it's a

0:02:48.960 --> 0:02:51.600
<v Speaker 1>huge not to untangle. But maybe she can do it.

0:02:51.720 --> 0:02:55.200
<v Speaker 1>We'll have to find out. Meanwhile, even though Elon Musk

0:02:55.400 --> 0:02:59.200
<v Speaker 1>is the current CEO and executive chairman of Twitter, he

0:02:59.360 --> 0:03:03.600
<v Speaker 1>still has to submit tweets about his other company, Tesla,

0:03:04.000 --> 0:03:07.800
<v Speaker 1>to a lawyer before he posts them. Now does he

0:03:08.200 --> 0:03:12.720
<v Speaker 1>do this? I don't know. Twitter has never identified this

0:03:12.960 --> 0:03:16.320
<v Speaker 1>lawyer that he's supposed to do this with, but you

0:03:16.360 --> 0:03:19.919
<v Speaker 1>know he's supposed to. The Verge reported on this because

0:03:20.080 --> 0:03:24.720
<v Speaker 1>Musk challenged this consent decree he had agreed to back

0:03:24.760 --> 0:03:27.359
<v Speaker 1>in twenty eighteen. He had challenged it in a recent

0:03:27.400 --> 0:03:31.280
<v Speaker 1>appeals case, and the federal court rejected his appeal. So

0:03:31.360 --> 0:03:34.400
<v Speaker 1>it all stems from a settlement Musk agreed to way

0:03:34.440 --> 0:03:37.880
<v Speaker 1>back in twenty eighteen. That's when the US Securities and

0:03:38.000 --> 0:03:43.000
<v Speaker 1>Exchange Commission, or SEC, accused Musk of making quote a

0:03:43.080 --> 0:03:47.040
<v Speaker 1>series of false and misleading statements regarding taking Tesla, a

0:03:47.080 --> 0:03:52.480
<v Speaker 1>publicly traded company private end quote. Essentially, the SEC was

0:03:52.520 --> 0:03:56.240
<v Speaker 1>saying that Musk wasn't following proper procedure if in fact

0:03:56.400 --> 0:03:59.240
<v Speaker 1>it was his intention to take Tesla private, and further,

0:03:59.320 --> 0:04:02.400
<v Speaker 1>whether he won to do it or not, it amounted

0:04:02.440 --> 0:04:07.920
<v Speaker 1>to market manipulation. Anyway, Musk settled with the SEC, and

0:04:08.280 --> 0:04:11.119
<v Speaker 1>as a concession, he agreed to this sort of babysitter

0:04:11.200 --> 0:04:13.120
<v Speaker 1>clause where he has to show his tweets to a

0:04:13.200 --> 0:04:18.040
<v Speaker 1>lawyer before he actually posts them. Musk wanted that thrown out.

0:04:18.600 --> 0:04:21.839
<v Speaker 1>I'm sure it's humiliating to be the person who bought

0:04:21.920 --> 0:04:25.440
<v Speaker 1>Twitter and still have a legal requirement to submit tweets

0:04:25.440 --> 0:04:29.239
<v Speaker 1>for review. Musk's argument was that the SEC was essentially

0:04:29.279 --> 0:04:32.880
<v Speaker 1>using this consent decree to infringe upon Musk's free speech,

0:04:33.279 --> 0:04:36.919
<v Speaker 1>and we all know what a believer Musk is in

0:04:37.040 --> 0:04:42.520
<v Speaker 1>free speech, at least for himself. Anyway, the Court said no,

0:04:42.720 --> 0:04:46.720
<v Speaker 1>dice Elon, and pointed out that the SEC has investigated

0:04:46.760 --> 0:04:51.159
<v Speaker 1>a grand total of three of Elon Musk's tweets over

0:04:51.200 --> 0:04:54.479
<v Speaker 1>the years, and that includes the tweet that actually started

0:04:54.520 --> 0:04:56.960
<v Speaker 1>off the whole mess in the first place, so only

0:04:57.080 --> 0:05:01.760
<v Speaker 1>two since then, and of course Elon hid posted many

0:05:01.800 --> 0:05:06.240
<v Speaker 1>many times more than just three over the last five years. Personally,

0:05:06.279 --> 0:05:08.360
<v Speaker 1>I think Musk should just consider it a fair trade

0:05:08.400 --> 0:05:12.599
<v Speaker 1>because obviously, I mean, like an earlier investor lawsuit sought

0:05:12.760 --> 0:05:16.000
<v Speaker 1>billions of dollars in damages against Elon Musk. They were

0:05:16.080 --> 0:05:20.040
<v Speaker 1>arguing that Musk's tweets ended up costing investors enormous amounts

0:05:20.040 --> 0:05:22.400
<v Speaker 1>of money, but a jury found that Musk was not

0:05:22.560 --> 0:05:25.960
<v Speaker 1>liable for those losses, so he didn't have to pay

0:05:25.960 --> 0:05:29.800
<v Speaker 1>out the billions. He's just gonna have to mine this babysitter.

0:05:30.279 --> 0:05:34.080
<v Speaker 1>And to be honest, I'm very skeptical that he actually

0:05:34.120 --> 0:05:36.800
<v Speaker 1>goes through it. He just I don't know. I guess

0:05:36.800 --> 0:05:40.640
<v Speaker 1>he just wants the whole thing lifted. And you know,

0:05:41.200 --> 0:05:43.600
<v Speaker 1>I think it's pretty fair to say that Elon Musk's

0:05:44.200 --> 0:05:47.360
<v Speaker 1>mo for a long time has been wishing to avoid

0:05:47.440 --> 0:05:50.640
<v Speaker 1>consequences of his own actions. I don't think that's unfair

0:05:50.640 --> 0:05:53.880
<v Speaker 1>to say. Over at Tesla, Elon Musk has shown that

0:05:53.880 --> 0:05:56.599
<v Speaker 1>he wants to be more involved with the company, which

0:05:56.640 --> 0:05:59.960
<v Speaker 1>is something that shareholders have been asking for for age

0:06:00.240 --> 0:06:03.920
<v Speaker 1>ever since he first announced that he wanted to buy Twitter. Now,

0:06:03.920 --> 0:06:07.240
<v Speaker 1>more specifically, Elon Musk wants to be more involved if

0:06:07.279 --> 0:06:10.760
<v Speaker 1>anyone in the company wants to hire anyone else, Musk

0:06:10.880 --> 0:06:13.960
<v Speaker 1>sent out a memo throughout Tesla, saying that all new

0:06:14.080 --> 0:06:18.719
<v Speaker 1>higher requests have to come to him or his personal approval.

0:06:18.920 --> 0:06:21.760
<v Speaker 1>Doesn't matter who the person is or what position is

0:06:21.760 --> 0:06:24.920
<v Speaker 1>being filled, it has to go to Musk first. Even

0:06:24.960 --> 0:06:27.440
<v Speaker 1>in the case of contractors, it has to come to

0:06:27.520 --> 0:06:31.119
<v Speaker 1>him for approval. He instructed managers to send him hiring

0:06:31.160 --> 0:06:33.880
<v Speaker 1>requests on a weekly basis. However, he also followed this

0:06:34.000 --> 0:06:37.560
<v Speaker 1>up by saying that people should quote unquote think carefully

0:06:38.000 --> 0:06:41.560
<v Speaker 1>before submitting a request. Now, to me, this is me

0:06:41.680 --> 0:06:44.760
<v Speaker 1>inferring from that statement that seems to be kind of

0:06:44.800 --> 0:06:48.760
<v Speaker 1>an intimidation tactic, Like it's meant to discourage people from

0:06:48.800 --> 0:06:52.320
<v Speaker 1>making requests in the first place, because they need to

0:06:52.360 --> 0:06:57.480
<v Speaker 1>think carefully before they ask, And it just seems like

0:06:57.520 --> 0:06:59.960
<v Speaker 1>it's Musk trying to head that off and avoid having

0:07:00.120 --> 0:07:03.960
<v Speaker 1>to hire more people. Later today, Musk is actually going

0:07:04.000 --> 0:07:06.920
<v Speaker 1>to hold an earnings call with shareholders, so I imagine

0:07:07.120 --> 0:07:08.920
<v Speaker 1>we'll have a lot more to say about his increased

0:07:08.960 --> 0:07:11.720
<v Speaker 1>involvement with the company later this week when we do

0:07:11.760 --> 0:07:15.080
<v Speaker 1>another news episode on Thursday. One thing that could be

0:07:15.160 --> 0:07:19.120
<v Speaker 1>discussed on that call, if shareholders get their wish, is

0:07:19.160 --> 0:07:23.280
<v Speaker 1>a discussion about succession planning. So if you're not familiar

0:07:23.360 --> 0:07:26.200
<v Speaker 1>with succession, and I'm not talking about the television series.

0:07:26.520 --> 0:07:29.200
<v Speaker 1>It's when a current leader outlines their plan regarding who

0:07:29.240 --> 0:07:32.680
<v Speaker 1>should take the top spot after they leave the company.

0:07:33.000 --> 0:07:35.720
<v Speaker 1>Investors will soon vote on whether or not to compel

0:07:36.000 --> 0:07:40.720
<v Speaker 1>Tesla to publish a key person risk report. The concern

0:07:40.800 --> 0:07:43.760
<v Speaker 1>is that Tesla may be too tightly bound to the

0:07:43.800 --> 0:07:47.000
<v Speaker 1>personality of Elon Musk, which means if something were to

0:07:47.080 --> 0:07:52.800
<v Speaker 1>happen to Musk, whether it's something catastrophic or maybe Musk

0:07:53.280 --> 0:07:57.120
<v Speaker 1>ends up getting distracted wanting to build his AI company

0:07:57.160 --> 0:08:00.680
<v Speaker 1>and he runs off from Tesla, that the company could

0:08:00.760 --> 0:08:03.560
<v Speaker 1>end up being directionless and investors would lose out on

0:08:03.640 --> 0:08:07.280
<v Speaker 1>a lot of money, and that the company could be

0:08:07.360 --> 0:08:11.320
<v Speaker 1>in danger in the wake of Musk's absence. I think

0:08:11.360 --> 0:08:13.640
<v Speaker 1>the closest similar example I can think of right now

0:08:14.320 --> 0:08:17.400
<v Speaker 1>is how investors were thinking about Steve Jobs and Apple

0:08:17.920 --> 0:08:21.880
<v Speaker 1>like the two were synonymous. Now, Jobs actually did the

0:08:21.920 --> 0:08:24.840
<v Speaker 1>proper steps to plan for his successor, but it didn't

0:08:24.880 --> 0:08:28.920
<v Speaker 1>stop folks from worrying that the company Apple could fall

0:08:29.000 --> 0:08:34.000
<v Speaker 1>apart after Steve Jobs's death. Obviously that didn't happen, So

0:08:35.040 --> 0:08:38.120
<v Speaker 1>Tesla's shareholders may force the company to do a thorough

0:08:38.160 --> 0:08:41.240
<v Speaker 1>report then not only examines how important Musk is to

0:08:41.320 --> 0:08:44.480
<v Speaker 1>the company, but also identify key personnel who could potentially

0:08:44.520 --> 0:08:46.920
<v Speaker 1>take on the role of CEO in the future. The

0:08:46.960 --> 0:08:49.520
<v Speaker 1>shareholders will also vote on whether or not to approve

0:08:49.679 --> 0:08:54.800
<v Speaker 1>certain board member nominees, some of which are contentious. And

0:08:54.840 --> 0:08:57.200
<v Speaker 1>like I said, we'll circle back to this on Thursday

0:08:57.240 --> 0:09:00.360
<v Speaker 1>to talk about what unfolded during the actual earnings call

0:09:00.480 --> 0:09:04.880
<v Speaker 1>if there are any significant updates. Now it's time to

0:09:04.960 --> 0:09:08.720
<v Speaker 1>shift to AI. And I know I cover AI a lot,

0:09:08.760 --> 0:09:11.760
<v Speaker 1>but it keeps creeping into the tech news and so

0:09:11.960 --> 0:09:16.680
<v Speaker 1>we're gonna talk a bit about AI today. Open AI's

0:09:16.840 --> 0:09:20.239
<v Speaker 1>CEO Sam Altman is set to appear before a congressional

0:09:20.280 --> 0:09:23.920
<v Speaker 1>panel here in the United States. Altman has previously appeared

0:09:23.960 --> 0:09:27.560
<v Speaker 1>to be fairly straightforward in his assessment of AI. He's

0:09:27.600 --> 0:09:30.560
<v Speaker 1>even suggested that folks were overplaying the capabilities of his

0:09:30.640 --> 0:09:35.480
<v Speaker 1>own company's chat pot Chat GPT. Prior to his meeting today,

0:09:35.800 --> 0:09:39.400
<v Speaker 1>Altman submitted written testimony to the panel and suggested a

0:09:39.440 --> 0:09:43.600
<v Speaker 1>framework for a licensing procedure for AI companies. So essentially,

0:09:43.920 --> 0:09:46.760
<v Speaker 1>Altman's proposal is to create a system where companies that

0:09:46.920 --> 0:09:50.120
<v Speaker 1>want to develop certain types of AI tools, will have

0:09:50.160 --> 0:09:54.280
<v Speaker 1>to procure a license and follow established safety standards. Of course,

0:09:54.559 --> 0:09:58.560
<v Speaker 1>Congress would have to establish those standards first and InterMine

0:09:58.559 --> 0:10:01.079
<v Speaker 1>what sort of parameters AI I should fall into and

0:10:01.160 --> 0:10:05.800
<v Speaker 1>what would constitute an unsafe version of AI. Altman also

0:10:05.880 --> 0:10:10.559
<v Speaker 1>reportedly use the phrase regulation of AI is essential. This

0:10:10.600 --> 0:10:13.640
<v Speaker 1>is according to Reuters, which you know, again that might

0:10:13.679 --> 0:10:16.640
<v Speaker 1>come as a surprise considering he's the CEO of arguably

0:10:16.679 --> 0:10:21.600
<v Speaker 1>the most famous AI company right now. Typically, business owners

0:10:21.679 --> 0:10:24.480
<v Speaker 1>aren't really gung hole and calling out for regulation of

0:10:24.520 --> 0:10:28.600
<v Speaker 1>their own industry, and when they are, sometimes it turns

0:10:28.679 --> 0:10:32.480
<v Speaker 1>up that they were being, you know, perhaps less than

0:10:33.200 --> 0:10:37.400
<v Speaker 1>forthright about it. See also Sam Bankman freed of FTX fame.

0:10:37.920 --> 0:10:43.000
<v Speaker 1>Some critics worry that regulation could discourage startups and potentially

0:10:43.240 --> 0:10:47.960
<v Speaker 1>cause smaller AI companies to sort of fade away and

0:10:48.080 --> 0:10:52.160
<v Speaker 1>just leave AI to the larger established companies. That is possible,

0:10:52.320 --> 0:10:55.199
<v Speaker 1>but then you also have to admit these larger companies

0:10:55.200 --> 0:10:59.000
<v Speaker 1>are progressing at such a rapid pace, they're investing billions

0:10:59.040 --> 0:11:01.959
<v Speaker 1>of dollars in re search and development, that there does

0:11:02.000 --> 0:11:03.800
<v Speaker 1>seem to be a need for some sort of checks

0:11:03.800 --> 0:11:05.600
<v Speaker 1>and balances to be put in place in order to

0:11:05.600 --> 0:11:09.400
<v Speaker 1>head off problems before they get too severe. Okay, We've

0:11:09.400 --> 0:11:12.600
<v Speaker 1>got more stories, including more AI stories to go over,

0:11:12.679 --> 0:11:25.520
<v Speaker 1>but first let's take a quick break. Okay, we got

0:11:25.520 --> 0:11:29.880
<v Speaker 1>some more AI stories to cover. The World Health Organization

0:11:30.160 --> 0:11:35.000
<v Speaker 1>or who Who? By the way, A side note if

0:11:35.040 --> 0:11:38.840
<v Speaker 1>you've ever seen the film Clue, it's a comedy mystery

0:11:38.920 --> 0:11:43.320
<v Speaker 1>film that I absolutely adore. It's very, very silly and

0:11:43.400 --> 0:11:46.920
<v Speaker 1>I love it. One of the characters there mentions that

0:11:46.960 --> 0:11:51.520
<v Speaker 1>he works for the United Nations Organization, which would be no,

0:11:52.320 --> 0:11:55.800
<v Speaker 1>and then asked about him being a politician, he says, no,

0:11:55.880 --> 0:12:00.640
<v Speaker 1>he works for the World Health Organization. Who's joke there

0:12:01.120 --> 0:12:04.040
<v Speaker 1>That never gets actually used in the in the film,

0:12:04.400 --> 0:12:06.920
<v Speaker 1>but it means he works for you know who. Okay,

0:12:07.120 --> 0:12:12.160
<v Speaker 1>I'm sorry, I got distracted anyway. The World Health Organization,

0:12:12.200 --> 0:12:15.520
<v Speaker 1>which is a real thing, issued a statement cautioning the

0:12:15.559 --> 0:12:19.520
<v Speaker 1>medical field about the use of AI and cited concerns

0:12:19.559 --> 0:12:25.600
<v Speaker 1>that AI can potentially misinform patients and or healthcare providers. Also,

0:12:26.040 --> 0:12:30.560
<v Speaker 1>as we have seen in other areas, AI can contain bias,

0:12:30.720 --> 0:12:35.160
<v Speaker 1>and bias can ultimately cause harm to people, particularly people

0:12:35.800 --> 0:12:41.400
<v Speaker 1>in specific populations. Right like with facial recognition technologies. We've

0:12:41.440 --> 0:12:46.280
<v Speaker 1>seen AI cause disproportionate harm to people of color Overall.

0:12:46.480 --> 0:12:51.920
<v Speaker 1>The Who said that AI stands to provide great benefit

0:12:52.360 --> 0:12:56.040
<v Speaker 1>in the field of healthcare, like there are obvious applications

0:12:56.040 --> 0:13:00.760
<v Speaker 1>where it could be of huge help. However, we have

0:13:00.880 --> 0:13:04.800
<v Speaker 1>to address issues like bias and misinformation, as well as

0:13:05.160 --> 0:13:08.240
<v Speaker 1>the potential for bad actors to use AI to create

0:13:08.320 --> 0:13:12.680
<v Speaker 1>outright disinformation in an attempt to harm I think the

0:13:12.720 --> 0:13:16.200
<v Speaker 1>takeaway here is that WHO is suggesting it might be

0:13:16.360 --> 0:13:18.600
<v Speaker 1>a little too early for the healthcare sector to just

0:13:18.760 --> 0:13:23.000
<v Speaker 1>fully embrace AI. I think that is fair to say. Now,

0:13:23.000 --> 0:13:26.160
<v Speaker 1>we also have to admit AI already plays a huge

0:13:26.240 --> 0:13:30.120
<v Speaker 1>part in the world of healthcare, because AI is more

0:13:30.760 --> 0:13:35.760
<v Speaker 1>than just chatbots and large language models. AI includes lots

0:13:35.800 --> 0:13:37.960
<v Speaker 1>of stuff, and a lot of that is already being

0:13:38.080 --> 0:13:41.640
<v Speaker 1>used regularly in healthcare. That doesn't appear to be what

0:13:41.720 --> 0:13:46.680
<v Speaker 1>the WHO is specifically referencing here. My interpretation is that

0:13:46.720 --> 0:13:51.559
<v Speaker 1>they're talking more about the generative chatbots style AIS that

0:13:51.679 --> 0:13:54.559
<v Speaker 1>have been taking over the news. The New York Times

0:13:54.600 --> 0:13:58.600
<v Speaker 1>reported that some AI researchers at Microsoft think that the

0:13:58.679 --> 0:14:02.320
<v Speaker 1>AI system there work looking on could be showing the

0:14:02.360 --> 0:14:08.240
<v Speaker 1>faintest signs of approaching artificial general intelligence or AGI. They

0:14:08.280 --> 0:14:13.199
<v Speaker 1>called it sparks of AGI. That would mean that we're

0:14:13.240 --> 0:14:16.160
<v Speaker 1>talking about machines that appear at least to be able

0:14:16.200 --> 0:14:18.600
<v Speaker 1>to reason in a way that is similar to how

0:14:18.640 --> 0:14:22.720
<v Speaker 1>we humans reason. The science fiction definition of AI has

0:14:22.840 --> 0:14:27.000
<v Speaker 1>long been one of general intelligence, often passing into the

0:14:27.040 --> 0:14:32.960
<v Speaker 1>category of superhuman intelligence. The article, which is titled Microsoft

0:14:33.000 --> 0:14:36.680
<v Speaker 1>says new AI shows signs of human reasoning, and it

0:14:36.800 --> 0:14:41.040
<v Speaker 1>describes an experiment in which researchers asked this sort of

0:14:41.360 --> 0:14:45.640
<v Speaker 1>AI chatbot to solve a bit of a puzzle. They said,

0:14:45.760 --> 0:14:49.200
<v Speaker 1>how can you create a stack out of this weird

0:14:49.280 --> 0:14:53.560
<v Speaker 1>collection of objects that would result in a stable structure,

0:14:54.000 --> 0:14:58.280
<v Speaker 1>And the objects included nine eggs, a laptop, a book,

0:14:58.680 --> 0:15:02.640
<v Speaker 1>a bottle, and an So the AI chatbot suggested using

0:15:02.680 --> 0:15:06.200
<v Speaker 1>the book as the base and then set the eggs

0:15:06.240 --> 0:15:08.960
<v Speaker 1>on top of the book in a three x three grid,

0:15:09.640 --> 0:15:12.960
<v Speaker 1>and then gently laying the laptop on this layer of eggs,

0:15:13.320 --> 0:15:15.960
<v Speaker 1>and then putting the remaining items on top of the

0:15:16.040 --> 0:15:21.480
<v Speaker 1>laptop's surface. The researchers concluded that the system was at

0:15:21.520 --> 0:15:24.440
<v Speaker 1>least appearing to use some real world knowledge, such as

0:15:24.440 --> 0:15:26.960
<v Speaker 1>that eggs are delicate, and therefore they would need to

0:15:27.000 --> 0:15:30.760
<v Speaker 1>be in a arrangement like a grid in order to

0:15:31.200 --> 0:15:34.760
<v Speaker 1>have enough support to avoid cracking, and that the laptop's

0:15:34.800 --> 0:15:37.440
<v Speaker 1>upper surface would be flat so it would be able

0:15:37.480 --> 0:15:40.840
<v Speaker 1>to support the bottle and then the nail. Earlier versions

0:15:40.880 --> 0:15:46.000
<v Speaker 1>of the AI system gave more nonsensical answers, so it

0:15:46.080 --> 0:15:49.520
<v Speaker 1>was an argument that this newest version of the AI

0:15:49.720 --> 0:15:54.360
<v Speaker 1>model was sophisticated enough that it could actually reason out

0:15:54.400 --> 0:15:58.400
<v Speaker 1>an answer that would potentially work. So could that mean

0:15:58.400 --> 0:16:03.560
<v Speaker 1>we're now approaching general intelligence? Maybe? Maybe not. While the

0:16:03.600 --> 0:16:08.040
<v Speaker 1>researchers appear convinced that these are some early signs of

0:16:08.120 --> 0:16:12.640
<v Speaker 1>limited but still general intelligence, other experts argue that the

0:16:12.680 --> 0:16:16.320
<v Speaker 1>results just give the appearance of intelligence, and that this

0:16:16.400 --> 0:16:21.080
<v Speaker 1>is another case where because of the perspective someone takes,

0:16:21.600 --> 0:16:24.680
<v Speaker 1>you see a particular outcome. I talked about this recently

0:16:24.720 --> 0:16:27.920
<v Speaker 1>in another episode. If you pull an Obi one Kenobi,

0:16:28.240 --> 0:16:30.920
<v Speaker 1>then you look at things from quote unquote a certain

0:16:31.000 --> 0:16:35.640
<v Speaker 1>point of view, then maybe you'll see signs of general intelligence.

0:16:36.080 --> 0:16:37.840
<v Speaker 1>But if you look at it from a different point

0:16:37.880 --> 0:16:41.440
<v Speaker 1>of view, maybe those signs of general intelligence just vanish,

0:16:41.600 --> 0:16:44.320
<v Speaker 1>and it turns out that the thing you thought was

0:16:44.360 --> 0:16:48.960
<v Speaker 1>real was just an illusion? So is that what's going on?

0:16:49.880 --> 0:16:53.600
<v Speaker 1>I honestly don't know. I will say that there are

0:16:53.720 --> 0:16:56.360
<v Speaker 1>some critics who have a pretty strong point to make,

0:16:56.400 --> 0:16:59.480
<v Speaker 1>which is that Microsoft is a company that has made

0:17:00.320 --> 0:17:03.480
<v Speaker 1>massive investments in AI to the tune of more than

0:17:03.560 --> 0:17:07.399
<v Speaker 1>ten billion dollars, So it has a vested interest in

0:17:07.480 --> 0:17:11.760
<v Speaker 1>AI becoming a huge success, right Like, They've poured a

0:17:11.800 --> 0:17:16.320
<v Speaker 1>lot of money into this, so they have a desire

0:17:16.359 --> 0:17:18.320
<v Speaker 1>for this to come out the other side as a

0:17:18.359 --> 0:17:24.000
<v Speaker 1>huge revenue generator. So it's possible that such a company could,

0:17:24.119 --> 0:17:28.080
<v Speaker 1>as Professor Martin Sapp of Carnegie Mellon University has said

0:17:28.520 --> 0:17:32.800
<v Speaker 1>to be quote co opting the research paper format into

0:17:32.880 --> 0:17:37.480
<v Speaker 1>pr pitches in the quote, in other words, trying to

0:17:38.400 --> 0:17:43.600
<v Speaker 1>manufacture support to make a tool seem more sophisticated than

0:17:43.640 --> 0:17:47.119
<v Speaker 1>it potentially is. I don't know the truth of the matter.

0:17:47.359 --> 0:17:53.320
<v Speaker 1>If I'm being honest, I'm still skeptical about machines capable

0:17:53.560 --> 0:17:58.720
<v Speaker 1>of making the leap to general intelligence. However, that's based

0:17:58.880 --> 0:18:02.000
<v Speaker 1>largely upon the fact that we don't fully understand general

0:18:02.040 --> 0:18:06.960
<v Speaker 1>intelligence within humans, let alone in machines. But maybe that

0:18:07.160 --> 0:18:11.520
<v Speaker 1>isn't necessary. Maybe we will achieve general intelligence with machines

0:18:11.560 --> 0:18:14.520
<v Speaker 1>without having a full appreciation of how it works in humans.

0:18:15.080 --> 0:18:19.560
<v Speaker 1>That's possible, I guess, So I just I mean, I

0:18:19.640 --> 0:18:22.440
<v Speaker 1>keep going on to I don't know, but I do

0:18:22.480 --> 0:18:26.880
<v Speaker 1>remain somewhat skeptical. Apple has announced a host of new

0:18:26.960 --> 0:18:32.000
<v Speaker 1>accessibility features coming to various Apple devices, both on iOS

0:18:32.240 --> 0:18:36.760
<v Speaker 1>and mac os, and that's great. So accessibility is getting

0:18:36.800 --> 0:18:41.439
<v Speaker 1>more attention and support these days, and it's been long overdue.

0:18:42.280 --> 0:18:45.280
<v Speaker 1>I follow a lot of people who work in improving

0:18:45.359 --> 0:18:50.439
<v Speaker 1>accessibility in technology, particularly in things like video games, where

0:18:50.920 --> 0:18:53.399
<v Speaker 1>there are now settings and a lot of video games

0:18:53.400 --> 0:18:56.639
<v Speaker 1>that are meant to allow people who might have limitations

0:18:57.000 --> 0:18:59.760
<v Speaker 1>in some way or another still be able to enjoy that.

0:19:00.920 --> 0:19:04.080
<v Speaker 1>I think that's great. I think being able to increase

0:19:04.560 --> 0:19:08.159
<v Speaker 1>the spectrum of folks who get to experience stuff is fantastic.

0:19:08.480 --> 0:19:12.400
<v Speaker 1>I think everyone's a winner when that happens, and seeing

0:19:12.720 --> 0:19:17.720
<v Speaker 1>companies put attention toward accessibility is one of the big

0:19:17.760 --> 0:19:22.919
<v Speaker 1>steps toward addressing gaps that can otherwise exist between different

0:19:22.960 --> 0:19:26.639
<v Speaker 1>populations when it comes to their ability to use tech.

0:19:27.080 --> 0:19:31.120
<v Speaker 1>So I love accessibility technology in general, but the specific

0:19:31.119 --> 0:19:33.840
<v Speaker 1>feature I wanted to talk about that Apple is introducing

0:19:34.320 --> 0:19:38.880
<v Speaker 1>is called personal voice. So with personal Voice, users can

0:19:38.960 --> 0:19:44.680
<v Speaker 1>train their device to sound just like they sound. Then

0:19:44.800 --> 0:19:47.919
<v Speaker 1>the Apple device can speak in a synthesized version of

0:19:48.000 --> 0:19:52.520
<v Speaker 1>the user's own voice. For people who have conditions that

0:19:52.800 --> 0:19:56.480
<v Speaker 1>affect their ability to communicate, potentially it might mean that

0:19:56.560 --> 0:19:59.359
<v Speaker 1>they're facing a future where they will no longer be

0:19:59.480 --> 0:20:02.600
<v Speaker 1>able to speak at some point. Well, this kind of

0:20:02.640 --> 0:20:05.720
<v Speaker 1>feature is huge for them. Rather than them having to

0:20:05.760 --> 0:20:12.040
<v Speaker 1>rely upon an impersonal, generic synthetic voice to speak when

0:20:12.080 --> 0:20:14.800
<v Speaker 1>they cannot, the voice that will come out of their

0:20:14.800 --> 0:20:19.399
<v Speaker 1>devices will be their own. I think that's incredible. I

0:20:19.400 --> 0:20:24.360
<v Speaker 1>think it's a really great use of the synthetic voice technology.

0:20:24.440 --> 0:20:28.119
<v Speaker 1>We have talked about how synthesized voices can cause disruption

0:20:28.400 --> 0:20:31.840
<v Speaker 1>and bad ways, right, how it can impersonate people in

0:20:31.880 --> 0:20:37.280
<v Speaker 1>the arts where those people suddenly feel like their identity

0:20:37.320 --> 0:20:39.240
<v Speaker 1>has been stripped from them and put to use in

0:20:39.320 --> 0:20:43.280
<v Speaker 1>something that they had no involvement with. That's bad, right,

0:20:43.720 --> 0:20:45.960
<v Speaker 1>Or people like me, I would be out of a

0:20:46.040 --> 0:20:49.760
<v Speaker 1>job if iHeart decided, you know what, We're just going

0:20:49.800 --> 0:20:56.520
<v Speaker 1>to train of synthesizer on Jonathan's voice because he's got

0:20:57.160 --> 0:21:01.439
<v Speaker 1>thousands of hours of content out there. Well, we're going

0:21:01.480 --> 0:21:04.520
<v Speaker 1>to train it on his voice. We're gonna get a

0:21:04.640 --> 0:21:09.399
<v Speaker 1>chat GPT style bought to write episodes of tech stuff

0:21:09.440 --> 0:21:12.680
<v Speaker 1>as if it were Jonathan. Have the voice that sounds

0:21:12.720 --> 0:21:15.359
<v Speaker 1>like Jonathan, deliver it, and then we don't have to hire,

0:21:15.600 --> 0:21:18.240
<v Speaker 1>you know, we don't have to pay Jonathan anymore. He

0:21:18.280 --> 0:21:21.119
<v Speaker 1>could just he could just be cut free. It's a

0:21:21.160 --> 0:21:24.679
<v Speaker 1>scary thought, like I get it, like, and it's potentially

0:21:24.880 --> 0:21:28.359
<v Speaker 1>a possible thing, But you know, I U still argue

0:21:28.400 --> 0:21:36.280
<v Speaker 1>that humans have their own, actual, legitimate contributions to various activities,

0:21:36.320 --> 0:21:41.240
<v Speaker 1>including things like creating episodes. So yeah, it's nice to

0:21:41.280 --> 0:21:45.760
<v Speaker 1>see a version of voice synthesis that isn't potentially scary

0:21:45.920 --> 0:21:49.439
<v Speaker 1>or bad, but rather an application that can protect a

0:21:49.440 --> 0:21:56.240
<v Speaker 1>person's agency and personality and independence. I think that is fantastic.

0:21:56.280 --> 0:22:00.000
<v Speaker 1>So good on you Apple for developing those particular excess

0:22:00.000 --> 0:22:03.320
<v Speaker 1>stability features. There are other ones that Apple also announced

0:22:03.840 --> 0:22:07.479
<v Speaker 1>which are equally great. I was calling this one out

0:22:07.520 --> 0:22:11.520
<v Speaker 1>specifically because it kind of has that AI connection with

0:22:11.680 --> 0:22:17.920
<v Speaker 1>the voice synthesis model that is worked into this particular tool. Okay,

0:22:18.000 --> 0:22:20.040
<v Speaker 1>we're going to take another quick break. When we come back,

0:22:20.080 --> 0:22:22.919
<v Speaker 1>we will wrap up with a few more big stories.

0:22:33.040 --> 0:22:36.399
<v Speaker 1>So we're back, and I saw on CNN that a

0:22:36.560 --> 0:22:40.960
<v Speaker 1>former byte Dance employee has filed a wrongful termination lawsuit

0:22:41.600 --> 0:22:45.960
<v Speaker 1>against byte Dance. That employee, Yin Tall You says that

0:22:46.080 --> 0:22:50.440
<v Speaker 1>he formerly served as head of engineering for US operations.

0:22:50.800 --> 0:22:53.800
<v Speaker 1>Now you might recall that byte Dance is the parent

0:22:53.840 --> 0:22:58.679
<v Speaker 1>company of the popular video social platform TikTok, and you

0:22:58.760 --> 0:23:01.960
<v Speaker 1>probably also know that in the United States as well

0:23:02.000 --> 0:23:04.679
<v Speaker 1>as many other parts of the world, there's a growing

0:23:04.720 --> 0:23:08.640
<v Speaker 1>concern that TikTok might serve as a kind of data

0:23:08.760 --> 0:23:13.840
<v Speaker 1>siphon and shoot that data to the Chinese Communist Party.

0:23:14.359 --> 0:23:17.880
<v Speaker 1>Because if you aren't aware Bye Dance being a company

0:23:17.920 --> 0:23:22.199
<v Speaker 1>that's centered in China, that means that that by law,

0:23:23.000 --> 0:23:28.159
<v Speaker 1>the company is supposed to aid the Chinese Communist Party

0:23:28.720 --> 0:23:33.040
<v Speaker 1>when it comes to things like gathering information about, you know,

0:23:33.400 --> 0:23:36.239
<v Speaker 1>enemies of China and that sort of thing. They are

0:23:36.280 --> 0:23:39.639
<v Speaker 1>supposed to be obligated to share that kind of information,

0:23:39.760 --> 0:23:42.800
<v Speaker 1>and a lot of companies in China have to reserve

0:23:42.960 --> 0:23:47.480
<v Speaker 1>a spot for an official from the Chinese Communist Party

0:23:47.880 --> 0:23:52.160
<v Speaker 1>to essentially kind of sit on the board of the company.

0:23:52.800 --> 0:23:56.800
<v Speaker 1>So You says, the fears of all these different nations

0:23:56.840 --> 0:24:02.399
<v Speaker 1>that perhaps bye Dance is gathering information using its platforms

0:24:02.400 --> 0:24:04.960
<v Speaker 1>and then sending it on to the Chinese Communist Party.

0:24:05.280 --> 0:24:08.000
<v Speaker 1>He says that those fears are totally justified. He says

0:24:08.040 --> 0:24:12.320
<v Speaker 1>that Chinese officials have full access to get data that

0:24:12.400 --> 0:24:16.600
<v Speaker 1>was gathered through byte Dance applications, including presumably TikTok, and

0:24:16.600 --> 0:24:19.560
<v Speaker 1>that they had full backdoor access to data even that

0:24:19.800 --> 0:24:24.440
<v Speaker 1>data saved on US servers. Now ByteDance disputes this. They

0:24:24.480 --> 0:24:27.400
<v Speaker 1>say that this is just not true. They point out

0:24:27.480 --> 0:24:30.359
<v Speaker 1>that you worked for the company for less than a

0:24:30.480 --> 0:24:34.879
<v Speaker 1>year before his employment was terminated, that it ended in

0:24:34.880 --> 0:24:38.720
<v Speaker 1>twenty eighteen. You, by the way, says that byte Edance's

0:24:39.359 --> 0:24:43.800
<v Speaker 1>description of his time of employment is not true. I'm

0:24:43.920 --> 0:24:48.280
<v Speaker 1>sure that use accusations are confirming a lot of fears

0:24:48.880 --> 0:24:52.800
<v Speaker 1>that are held in various political circles. But security experts

0:24:53.080 --> 0:24:56.880
<v Speaker 1>say that there really hasn't been any evidence that Chinese

0:24:56.880 --> 0:25:01.800
<v Speaker 1>officials were actually accessing TikTok data in the United States.

0:25:02.359 --> 0:25:05.080
<v Speaker 1>So this very well could be a situation where a

0:25:05.200 --> 0:25:09.679
<v Speaker 1>former employee is leveraging growing suspicion in order to support

0:25:09.760 --> 0:25:14.320
<v Speaker 1>their own claims, or it's possible that as accusations are

0:25:14.359 --> 0:25:18.560
<v Speaker 1>all true, I honestly don't know the answer. I will, however,

0:25:18.640 --> 0:25:23.960
<v Speaker 1>point out again that even if TikTok was actively being

0:25:24.040 --> 0:25:28.439
<v Speaker 1>used by China to spy on Americans, the fact is

0:25:28.960 --> 0:25:31.879
<v Speaker 1>you can buy and sell data from pretty much every

0:25:31.960 --> 0:25:35.400
<v Speaker 1>online platform, which means you don't have to rely on

0:25:35.440 --> 0:25:39.199
<v Speaker 1>a single app to be like your way to gaze

0:25:39.240 --> 0:25:43.280
<v Speaker 1>into an enemy's territory. That's not necessary. You don't need

0:25:43.320 --> 0:25:45.399
<v Speaker 1>to do that because you can just buy the data

0:25:45.480 --> 0:25:50.000
<v Speaker 1>online from all sorts of different data brokers. Unless there

0:25:50.040 --> 0:25:53.159
<v Speaker 1>are really strict controls about that sort of thing, the

0:25:53.200 --> 0:25:57.840
<v Speaker 1>information is out there, So that's something we should really

0:25:57.880 --> 0:25:59.879
<v Speaker 1>think about, is that. You know, if you were to

0:25:59.880 --> 0:26:05.199
<v Speaker 1>eat even shut down TikTok, that's one potential stream of

0:26:05.240 --> 0:26:12.320
<v Speaker 1>information that could potentially go to an adversary, but there's

0:26:12.359 --> 0:26:15.280
<v Speaker 1>still all the other ones. It's like putting your finger

0:26:15.960 --> 0:26:18.960
<v Speaker 1>in a hole in a dam and then like fifteen

0:26:19.000 --> 0:26:22.520
<v Speaker 1>feet down from you, there's a massive breach that's allowing

0:26:23.400 --> 0:26:26.200
<v Speaker 1>millions of gallons of water to pass through what You're

0:26:26.200 --> 0:26:29.680
<v Speaker 1>not really doing anything at that point. But we've gone

0:26:29.720 --> 0:26:32.280
<v Speaker 1>over this before, so we'll move on. Now. Here's a

0:26:32.359 --> 0:26:37.520
<v Speaker 1>quick update on the Microsoft Slash Activision Blizzard deal. If

0:26:37.560 --> 0:26:41.080
<v Speaker 1>you recall, Microsoft has been trying to purchase Activision Blizzard

0:26:41.560 --> 0:26:45.320
<v Speaker 1>and has met with some resistance around the world because

0:26:45.359 --> 0:26:49.800
<v Speaker 1>we're talking about a global acquisition here. So as expected,

0:26:50.119 --> 0:26:52.919
<v Speaker 1>as we talked about I think last week, the EU

0:26:53.160 --> 0:26:57.600
<v Speaker 1>has now approved this merger. Now, you might remember this

0:26:57.760 --> 0:27:01.960
<v Speaker 1>was never a guarantee. An earlier reports had messages saying

0:27:02.160 --> 0:27:05.320
<v Speaker 1>that perhaps even Sony was campaigning hard to have this

0:27:05.440 --> 0:27:08.560
<v Speaker 1>merger blocked out of concern that it would constitute an

0:27:08.680 --> 0:27:12.560
<v Speaker 1>unfair advantage for Microsoft in the video game market, particularly

0:27:13.080 --> 0:27:17.119
<v Speaker 1>for really popular titles like Call of Duty. But Microsoft

0:27:17.320 --> 0:27:21.119
<v Speaker 1>then made several promises to regulators to keep things fair

0:27:21.160 --> 0:27:24.040
<v Speaker 1>and you know, not just absolutely lay waste to the

0:27:24.040 --> 0:27:28.360
<v Speaker 1>home video game industry, and also to make sure they

0:27:28.359 --> 0:27:30.800
<v Speaker 1>took steps so that they're not becoming the de facto

0:27:30.960 --> 0:27:35.240
<v Speaker 1>cloud gaming service. Microsoft agreed to a ten year licensed

0:27:35.240 --> 0:27:38.080
<v Speaker 1>deal that said the company would keep Activision Blizzard titles

0:27:38.080 --> 0:27:43.680
<v Speaker 1>available through all cloud streaming services, all cloud game streaming services,

0:27:43.680 --> 0:27:47.399
<v Speaker 1>I should say, as long as those services sign a

0:27:47.480 --> 0:27:51.560
<v Speaker 1>license agreement with Microsoft. This addresses one of the main

0:27:51.600 --> 0:27:54.280
<v Speaker 1>concerns that has held this deal up in the UK,

0:27:54.400 --> 0:27:58.280
<v Speaker 1>where regulators have voted to actually block the deal. Microsoft

0:27:58.320 --> 0:28:01.960
<v Speaker 1>is now appealing that decision. And then meanwhile here in

0:28:01.960 --> 0:28:04.439
<v Speaker 1>the United States, we still have to wait for regulators

0:28:04.480 --> 0:28:07.399
<v Speaker 1>to actually weigh in. They haven't done that yet, so

0:28:07.800 --> 0:28:12.119
<v Speaker 1>this acquisition still is not necessarily going to happen. But

0:28:12.320 --> 0:28:16.040
<v Speaker 1>arguably the EU's clearance for this deal gives the move

0:28:16.160 --> 0:28:20.560
<v Speaker 1>some support and some momentum, so its chances have improved slightly.

0:28:21.080 --> 0:28:25.800
<v Speaker 1>So maybe we'll see opinions reverse further downstream. We'll have

0:28:25.800 --> 0:28:28.280
<v Speaker 1>to wait and see. You know. The EU was actually

0:28:28.280 --> 0:28:31.680
<v Speaker 1>pretty busy this week because on top of approving Microsoft's

0:28:31.720 --> 0:28:36.920
<v Speaker 1>acquisition bid for Activision Blizzard, the EU also approved cryptocurrency

0:28:36.960 --> 0:28:40.840
<v Speaker 1>regulation rules this week, being the first region in the

0:28:40.840 --> 0:28:46.480
<v Speaker 1>world to form formal cryptocurrency regulations. These will not take

0:28:46.560 --> 0:28:49.880
<v Speaker 1>effect until next year, but the regulations are meant to

0:28:49.960 --> 0:28:53.960
<v Speaker 1>protect EU citizens from losing their shirts in the crypto market,

0:28:54.160 --> 0:28:56.880
<v Speaker 1>and also to create a framework to hold scam artists

0:28:56.920 --> 0:28:59.640
<v Speaker 1>and bad actors accountable when it turns out that they're

0:28:59.640 --> 0:29:03.000
<v Speaker 1>amazed in crypto investment opportunity is a little more than

0:29:03.000 --> 0:29:06.600
<v Speaker 1>a Ponzi scheme. Ultimately, the goal here is to weed

0:29:06.680 --> 0:29:10.040
<v Speaker 1>out the bad crypto entities from the good ones. So

0:29:10.080 --> 0:29:13.560
<v Speaker 1>it's not saying all crypto is bad, but rather there

0:29:13.600 --> 0:29:17.040
<v Speaker 1>needs to be this framework of regulations in order to

0:29:17.080 --> 0:29:20.960
<v Speaker 1>make sure that it's not just running rampant and causing harm.

0:29:21.960 --> 0:29:25.200
<v Speaker 1>And also this protects the EU and the process. So

0:29:25.280 --> 0:29:28.400
<v Speaker 1>it also means that these regulations create the framework for

0:29:28.440 --> 0:29:33.680
<v Speaker 1>pursuing crypto currency companies that are engaged in stuff like

0:29:33.880 --> 0:29:39.040
<v Speaker 1>money laundering or financing terrorists. These regulations may end up

0:29:39.040 --> 0:29:41.160
<v Speaker 1>serving as a foundation for other parts of the world

0:29:41.200 --> 0:29:44.719
<v Speaker 1>to adopt similar approaches and thus rain in the wild

0:29:44.920 --> 0:29:48.800
<v Speaker 1>West nature of the crypto community. While that might chafe

0:29:48.840 --> 0:29:51.920
<v Speaker 1>a bit to the folks who saw cryptocurrency as a

0:29:51.920 --> 0:29:55.360
<v Speaker 1>way of working outside the system, it can also potentially

0:29:55.440 --> 0:30:00.160
<v Speaker 1>mitigate disasters such as the aforementioned collapse of FTX. How

0:30:00.200 --> 0:30:04.360
<v Speaker 1>that particular event had a domino effect across the crypto market.

0:30:04.760 --> 0:30:08.800
<v Speaker 1>I think it's hard to argue against creating rules that

0:30:10.280 --> 0:30:14.720
<v Speaker 1>minimize those those chances of like those big disasters, or

0:30:14.720 --> 0:30:17.480
<v Speaker 1>at least reduce maybe minimizes the wrong word, but to

0:30:17.560 --> 0:30:21.200
<v Speaker 1>reduce the chance that that happens. Because investors don't want

0:30:21.200 --> 0:30:24.360
<v Speaker 1>to see their money go away, right, You don't want

0:30:24.400 --> 0:30:29.280
<v Speaker 1>to have to depend upon some government agency to retrieve

0:30:30.040 --> 0:30:33.320
<v Speaker 1>some or or maybe, if you're lucky, all of your investment,

0:30:33.960 --> 0:30:37.360
<v Speaker 1>because that's never going to be something that you can

0:30:37.400 --> 0:30:41.040
<v Speaker 1>depend upon. So yeah, I think regulations are the right idea.

0:30:41.480 --> 0:30:45.640
<v Speaker 1>They are antithetical to kind of the spirit of cryptocurrency,

0:30:45.680 --> 0:30:50.320
<v Speaker 1>but as we've seen, without those regulations, there's a lot

0:30:50.360 --> 0:30:55.080
<v Speaker 1>of opportunity for people to take advantage of folks at

0:30:55.080 --> 0:31:00.000
<v Speaker 1>a grand scale that is incredibly harmful. And finally, while

0:31:00.000 --> 0:31:02.560
<v Speaker 1>well I usually like to end a tech news episode

0:31:02.560 --> 0:31:05.760
<v Speaker 1>with a silly or a light hearted story, I do

0:31:05.840 --> 0:31:09.080
<v Speaker 1>not have such a story for this particular episode. Instead,

0:31:09.600 --> 0:31:12.320
<v Speaker 1>we get to say that India is the first country

0:31:12.320 --> 0:31:17.240
<v Speaker 1>with a democratically elected government to ban messaging services that

0:31:17.320 --> 0:31:21.280
<v Speaker 1>allow end to end encryption. Now we've seen these sorts

0:31:21.280 --> 0:31:25.360
<v Speaker 1>of bans in authoritatively governed countries now where you've got

0:31:25.440 --> 0:31:29.920
<v Speaker 1>essentially a dictator or a military organization in charge of

0:31:29.920 --> 0:31:32.480
<v Speaker 1>the country, but we've never seen it in a democracy.

0:31:33.040 --> 0:31:37.880
<v Speaker 1>And the justification for this move for banning encrypted messaging

0:31:37.920 --> 0:31:41.400
<v Speaker 1>services is pretty much what you would suspect. The government

0:31:41.520 --> 0:31:44.320
<v Speaker 1>says that you've got to get rid of them because

0:31:44.440 --> 0:31:47.080
<v Speaker 1>terrorists are using these apps to communicate with each other,

0:31:47.800 --> 0:31:51.000
<v Speaker 1>and they use encryption to hide their plans from authorities,

0:31:51.120 --> 0:31:54.719
<v Speaker 1>and their plans constitute a threat to the state of

0:31:54.720 --> 0:31:57.240
<v Speaker 1>India and its citizens. So you've got to get rid

0:31:57.280 --> 0:32:00.840
<v Speaker 1>of encryption. That means that nobody would get to have

0:32:00.880 --> 0:32:05.280
<v Speaker 1>access to encrypted messaging systems within India. And you know,

0:32:05.520 --> 0:32:08.160
<v Speaker 1>you'll hear arguments of like, why are you worried unless

0:32:08.200 --> 0:32:12.280
<v Speaker 1>you have something to hide? But consider how officials in

0:32:12.280 --> 0:32:15.560
<v Speaker 1>India have gone after people who have criticized the government.

0:32:16.040 --> 0:32:18.280
<v Speaker 1>They have gone so far as to petition platforms like

0:32:18.320 --> 0:32:22.640
<v Speaker 1>Twitter to remove posts that put the government in an

0:32:22.760 --> 0:32:27.400
<v Speaker 1>unfavorable light. So you start to see a government use

0:32:27.840 --> 0:32:32.719
<v Speaker 1>its power to suppress speech, and you start to make

0:32:32.760 --> 0:32:36.840
<v Speaker 1>a solid argument that removing access to encrypted messaging services

0:32:37.360 --> 0:32:42.200
<v Speaker 1>is another step toward authoritarianism. It's just it's authoritarianism that

0:32:42.640 --> 0:32:48.040
<v Speaker 1>is dressed up like democracy. So bad story there. I

0:32:48.080 --> 0:32:50.000
<v Speaker 1>hate to end it like that, but that was the

0:32:50.120 --> 0:32:53.080
<v Speaker 1>last last one that I came across before I started

0:32:53.120 --> 0:32:57.480
<v Speaker 1>working on this episode. In the meantime, I hope all

0:32:57.520 --> 0:33:00.320
<v Speaker 1>of you out there are well and I I will

0:33:00.320 --> 0:33:09.959
<v Speaker 1>talk to you again really soon. Tech Stuff is an

0:33:10.040 --> 0:33:15.560
<v Speaker 1>iHeartRadio production. For more podcasts from iHeartRadio, visit the iHeartRadio app,

0:33:15.680 --> 0:33:18.840
<v Speaker 1>Apple podcasts, or wherever you listen to your favorite shows.