WEBVTT - Tech News: Tech Companies in the Hot Seat

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<v Speaker 1>Welcome to tech Stuff, a production from iHeartRadio. Okay, hey there,

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<v Speaker 1>and welcome to tech Stuff. I'm your host, Jonathan Strickland.

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<v Speaker 1>I'm an executive producer with iHeart Podcast. Send How the

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<v Speaker 1>tech are you? It's time for the tech news for

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<v Speaker 1>the week ending on March twenty second, twenty twenty four.

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<v Speaker 1>And last week I dedicated an entire episode to how

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<v Speaker 1>the US House of Representatives voted in favor of a

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<v Speaker 1>bill to force TikTok's parent company, Byte Dance to either

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<v Speaker 1>sell TikTok off or face a national band for the app.

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<v Speaker 1>And I've got a couple of follow ups on that story.

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<v Speaker 1>And to be clear, that particular bill still has to

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<v Speaker 1>pass in the US Senate, which isn't a guarantee. In fact,

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<v Speaker 1>it's not even a guarantee that the bill will come

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<v Speaker 1>up for a vote in the Senate before it could

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<v Speaker 1>be signed into law, so it's not a done deal.

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<v Speaker 1>So first up, in that episode, I heavily criticized the

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<v Speaker 1>US government for being far too myopic and focusing just

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<v Speaker 1>on TikTok instead of looking at the larger picture in

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<v Speaker 1>which data brokers collect and sell information from a host

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<v Speaker 1>of different services and devices. And platforms. I argued that

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<v Speaker 1>TikTok doesn't need to have a parent company that merits

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<v Speaker 1>the quote unquote foreign adversary label in order for it

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<v Speaker 1>to be a threat or a concern. I guess some

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<v Speaker 1>folks in the House were thinking of the same thing,

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<v Speaker 1>because this week the House of Representatives voted to pass

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<v Speaker 1>a bill called the Protecting Americans Data from Foreign Adversaries Act.

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<v Speaker 1>So this bill would make it against the law for

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<v Speaker 1>data brokers to sell American citizen data to foreign adversaries

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<v Speaker 1>such as China, Russia, or North Korea or entities that

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<v Speaker 1>work within those countries. So it wouldn't matter where this

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<v Speaker 1>information came from, whether it came from TikTok or Facebook

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<v Speaker 1>or Google or Apple or any other entity that regularly

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<v Speaker 1>trades and the zeros and ones that relate to American

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<v Speaker 1>citizens information. If this has passed into law, the Federal

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<v Speaker 1>Trade Commission or FTC, will be able to penalize data

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<v Speaker 1>brokers that are found to have violated the law. And

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<v Speaker 1>I think this is a modest improvement. It removes that

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<v Speaker 1>laser focus from really a single company, that being TikTok. However,

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<v Speaker 1>all that being said, it's still a pretty modest bump. Personally,

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<v Speaker 1>I don't think foreign adversaries are really the only entities

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<v Speaker 1>that we should be concerned about when it comes to

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<v Speaker 1>protecting our privacy and personal information. I think domestic companies

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<v Speaker 1>can be just as dangerous, like Meta or Google. That

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<v Speaker 1>being said, the Verge reports that lawmakers behind this most

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<v Speaker 1>recent act are hopeful that the recent ground swell of

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<v Speaker 1>support that these measures have had, at least in the

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<v Speaker 1>House of Representatives, could build momentum to a more comprehensive

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<v Speaker 1>privacy protection set of laws down the road here in

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<v Speaker 1>the United States, which you know, I sure hope that

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<v Speaker 1>that's the case, because it's long overdue. Meanwhile, over at Gizmoto,

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<v Speaker 1>Thomas Jermaine has a piece titled politicians who voted to

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<v Speaker 1>ban TikTok may own as much as one hundred and

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<v Speaker 1>twenty six million dollars in tech stocks. So Germaine points

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<v Speaker 1>out that the stock ownership could indicate a conflict of

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<v Speaker 1>interest with regard to the TikTok. Brewjaha that the companies

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<v Speaker 1>that some of these politicians have heavily invested in are

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<v Speaker 1>ones that potentially could benefit if something were to you,

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<v Speaker 1>though happened to TikTok sure would be a shame. Could

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<v Speaker 1>be that these politicians are not even entirely motivated out

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<v Speaker 1>of concern for protecting US citizens, as hard as that

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<v Speaker 1>is to believe, they might not be acting in our

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<v Speaker 1>best interests, and instead maybe they're hopeful that by slapping

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<v Speaker 1>a Chinese owned company around, they could see their own

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<v Speaker 1>stock portfolio flourish. I don't know if that's the case,

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<v Speaker 1>but I will say that once again, at the end

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<v Speaker 1>of the day, it really doesn't even matter what the

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<v Speaker 1>truth is, because as long as there is a perception

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<v Speaker 1>that someone is acting more out of their own self

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<v Speaker 1>interest rather than a genuine desire to be a leader

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<v Speaker 1>and to protect their constituents, well that's enough to undermine

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<v Speaker 1>confidence in that person. In fact, Jermaine's piece and Gizmoto

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<v Speaker 1>really explores that issue thoroughly. I recommend checking it out.

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<v Speaker 1>It's a well written piece and it quotes a lot

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<v Speaker 1>of different people who are saying I'm not saying that

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<v Speaker 1>these politicians are trying to engage in some form of

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<v Speaker 1>insider trading. What I'm saying is this isn't a good look,

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<v Speaker 1>and unfortunately it does end up hurting confidence in those leaders.

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<v Speaker 1>And why they are doing what they're doing, and they

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<v Speaker 1>need to address that. Now, let us turn our attention

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<v Speaker 1>to the US government targeting another big tech company, this

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<v Speaker 1>one firmly rooted in America itself. I'm talking about Apple.

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<v Speaker 1>The US Department of Justice has brought a lawsuit against Apple,

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<v Speaker 1>alleging that the company has made a monopoly out of

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<v Speaker 1>the Apple iPhone ecosystem, and that the company had leveraged

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<v Speaker 1>its near total control over that ecosystem to drive corporate

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<v Speaker 1>valuation at the expense of pretty much anyone who wasn't

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<v Speaker 1>directly an Apple stakeholder, including folks like customers and developers,

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<v Speaker 1>and from a very high level, I don't think you

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<v Speaker 1>can really argue against that. It's pretty blatantly clear that

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<v Speaker 1>Apple has done that. They have nearly always been a

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<v Speaker 1>buttoned down company that practiced jealous control over all aspects

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<v Speaker 1>of its technological ecosystem. Now I say nearly always, because

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<v Speaker 1>there was a period of time when Steve Jobs had

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<v Speaker 1>been banished from Apple where things were a bit different,

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<v Speaker 1>but upon his return, they kind of came back to it.

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<v Speaker 1>This particular lawsuit cites a myriad of Apple decisions that

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<v Speaker 1>support the legal accusation of the company being anti competitive,

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<v Speaker 1>including the infamous Apple Messages issue. So the difference between

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<v Speaker 1>those green and blue bubbles and Apple Messages is one

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<v Speaker 1>of many choices that the Department of Justice says exists

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<v Speaker 1>solely to pressure customers into buying into and then staying within,

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<v Speaker 1>the Apple iPhone world. But that's just the tip of

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<v Speaker 1>the iceberg. The DOJ says that Apple has also purposefully

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<v Speaker 1>limited interoperability with technologies from other companies like smart watches

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<v Speaker 1>or digital wallets, which discourages iPhone owners from branching outside

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<v Speaker 1>the Apple world and kind of corrals them into buying

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<v Speaker 1>and using more Apple products. Now, I've said that for

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<v Speaker 1>years that Apple's very good at building stuff that works

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<v Speaker 1>great with other Apple stuff, but not so great with

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<v Speaker 1>working with other technologies. The iPod is a great example.

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<v Speaker 1>Early on, if you didn't have a Macintosh computer, there

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<v Speaker 1>was no reason to get an iPod because it wasn't

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<v Speaker 1>compatible with other types of computers. And even when it

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<v Speaker 1>was compatible, say like the Windows version of iTunes, was

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<v Speaker 1>so bloated and clunky that it would discourage you from

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<v Speaker 1>using it like it was almost it almost felt like

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<v Speaker 1>Apple was intentionally trying to drive people to a band

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<v Speaker 1>and whatever other technologies they used in favor of Apple technologies,

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<v Speaker 1>because then everything worked really well. And so what the

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<v Speaker 1>DOJ is saying is that the company has continued to

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<v Speaker 1>do that, and it's doing it specifically in order to

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<v Speaker 1>decrease competition in the space. Now, there's a lot more

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<v Speaker 1>to the lawsuit than what I've already said, and I

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<v Speaker 1>am no legal expert, but on a surface level, it's

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<v Speaker 1>actually really hard for me to find much fault in

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<v Speaker 1>the argument. Now, that does not mean that it's going

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<v Speaker 1>to stand up in court. It might not, and Apple

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<v Speaker 1>says it vehemently disagrees with the premise of the lawsuit,

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<v Speaker 1>that in fact, that this constitutes a monopoly in the

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<v Speaker 1>first place, and that the company is going to fight

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<v Speaker 1>the lawsuit. Of course, the fact that Apple recently had

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<v Speaker 1>to comply with EU regulations that deal with similar issues

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<v Speaker 1>could mean that Apple is already on its back foot

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<v Speaker 1>on this matter. Now, I do have another Apple related

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<v Speaker 1>story I wanted to mention before we move on with

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<v Speaker 1>other news. Technica's Dan Gooden has a piece titled Unpatchable

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<v Speaker 1>Vulnerability in Apple chip leaks secret encryption keys, and as

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<v Speaker 1>I'm sure you can imagine, that is not a good thing.

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<v Speaker 1>The chips in question are Apple's M series of processors.

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<v Speaker 1>I highly recommend reading the piece if you want all

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<v Speaker 1>the technical details that the piece does go into great

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<v Speaker 1>technical detail, which I'm not going to do for this

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<v Speaker 1>news episode. But the challenge of fixing this problem is

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<v Speaker 1>that the vulnerability is actually built into the architecture of

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<v Speaker 1>the chips themselves, as in the physical layout of the

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<v Speaker 1>chips design. So that kind of thing is not easy

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<v Speaker 1>to fix. You know, you can't just take the chip

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<v Speaker 1>in to get an alteration. You would either need to

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<v Speaker 1>swap the chip out for a different one with a

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<v Speaker 1>completely different architecture, and that would still need to be

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<v Speaker 1>able to work with whatever device in question you're switching

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<v Speaker 1>out of. Right, Like, a different architecture doesn't necessarily mean

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<v Speaker 1>that it's going to be compatible with the computer you're using.

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<v Speaker 1>Or you know, you have to wait for a new

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<v Speaker 1>generation of devices that have a brand new chip in

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<v Speaker 1>them that don't does and include the flaw, Or you've

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<v Speaker 1>got to find some way to patch the issue and

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<v Speaker 1>try and work around it, and likely any patch you

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<v Speaker 1>create would really impact chip performance because the chip would

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<v Speaker 1>have to find a way to work that is counter

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<v Speaker 1>to the way the chip had been designed to work,

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<v Speaker 1>so there are no great solutions to this kind of

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<v Speaker 1>a problem, and the vulnerability could mean that malicious hackers

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<v Speaker 1>could steal cryptographic keys from Macintosh computers under the right circumstances,

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<v Speaker 1>which is not cool. But again, you should check out

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<v Speaker 1>the article in Ours Technica to get all the technical details. Okay,

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<v Speaker 1>we've got more news to go through before we get

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<v Speaker 1>to that, Let's take a quick break to thank our sponsors.

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<v Speaker 1>We're back, so I've got more government versus tech stories

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<v Speaker 1>to cover. A Senator Elizabeth Warren is calling on the

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<v Speaker 1>Securities in Exchange Commission or SEC in the US to

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<v Speaker 1>investigate Elon Musk and Tesla. This would not be the

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<v Speaker 1>first rodeo between the SEC and Tesla if this investigation

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<v Speaker 1>does in fact launch. There have been a few tussles

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<v Speaker 1>between Musk and the SEC in the past, as Musk

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<v Speaker 1>has shown quite a few times that apparently he sees

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<v Speaker 1>rules as being something that happened to other people. Anyway,

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<v Speaker 1>what is the reasoning behind this current push for an investigation. Well,

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<v Speaker 1>Warren says she is concerned there could be a quote

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<v Speaker 1>possible misappropriation of Tesla resources and conflicts of interest arising

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<v Speaker 1>from mister Musk's dual role at Tesla and X renamed

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<v Speaker 1>from Twitter end quote. This is something that some Tesla

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<v Speaker 1>shareholders have been arguing for some time, so at the

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<v Speaker 1>very least, they have said that Musk dividing his attention

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<v Speaker 1>between his electric vehicle car company that has been down

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<v Speaker 1>a pretty bumpy road for a couple of years now

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<v Speaker 1>and a trash fire of a social media platform isn't

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<v Speaker 1>really in the best interest for Tesla shareholders. I mean,

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<v Speaker 1>this was the reason why Musk named an new CEO

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<v Speaker 1>for X, even though Musk has not really stepped away

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<v Speaker 1>from X all that much. So. Warren alleges that the

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<v Speaker 1>board of directors over at Tesla is essentially stocked with Musks,

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<v Speaker 1>buddies and cronies, that it's it's a Musk controlled board

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<v Speaker 1>of directors, and that this is good for Elon Musk,

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<v Speaker 1>but it's not good for shareholders or for the company itself.

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<v Speaker 1>One might argue that Musk's compensation package serves as evidence

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<v Speaker 1>that this accusation has some merit to it. Warren also

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<v Speaker 1>cites Elon Musk himself, who has stated on X and

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<v Speaker 1>elsewhere that his desire to gain twenty five percent voting

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<v Speaker 1>power at TESLA is a very real concern of his,

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<v Speaker 1>and that if he doesn't get what he wants, he's

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<v Speaker 1>gonna make them sorry. Not in so many words, but

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<v Speaker 1>you know that's the gist of it. Musk has responded

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<v Speaker 1>in his own typical way by lobbying criticisms and accusations

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<v Speaker 1>and insults through his ex platform. So will we see

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<v Speaker 1>the SEC go after Musk yet again? And if so,

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<v Speaker 1>will the SEC again slap Musk with more penalties? I

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<v Speaker 1>would say probably, But that's largely because Musk makes it

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<v Speaker 1>really hard to not go after him. He just seems

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<v Speaker 1>intent on escalating situations. All right, But how about some

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<v Speaker 1>positive news related to one of Musk's endeavors for real,

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<v Speaker 1>I'm not being facetious here. Nolan Arba is the first

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<v Speaker 1>human recipient of a Neurlink brain computer interface system. So

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<v Speaker 1>Neurlink is one of Elon Musk's companies, and Arba is

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<v Speaker 1>a quadriplegic who opted into the surgery to have a

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<v Speaker 1>Neurlink interface implant, and he reports that he can now

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<v Speaker 1>control a cursor on a computer screen just by imagining

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<v Speaker 1>the cursor moving around and He's actually likened it to

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<v Speaker 1>being akin to using the Force in a Star Wars movie.

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<v Speaker 1>It's given him the ability to play Civilization six, which

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<v Speaker 1>is a turn based strategy game in one of his

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<v Speaker 1>favorite video games, and I think that's pretty awesome. So

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<v Speaker 1>our Ba says that the technology hasn't been flawless, it's

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<v Speaker 1>not without its issues, but that he's been given a

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<v Speaker 1>ton more agency than he experienced in the past. And

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<v Speaker 1>I think any technology that increases accessibility and gives folks

0:13:06.960 --> 0:13:10.960
<v Speaker 1>more autonomy is something that we should really be proud of,

0:13:11.280 --> 0:13:13.480
<v Speaker 1>and I think it's super cool. We also have to

0:13:13.520 --> 0:13:18.199
<v Speaker 1>remember that there still are concerns about Neuralink, including ethical

0:13:18.200 --> 0:13:21.080
<v Speaker 1>concerns about how the company has experimented on animals in

0:13:21.120 --> 0:13:23.720
<v Speaker 1>the process of developing this technology, and that perhaps it

0:13:23.720 --> 0:13:27.080
<v Speaker 1>hasn't done so responsibly, so we can't ignore that. But

0:13:27.160 --> 0:13:29.559
<v Speaker 1>I do think it's important that you know, I acknowledge

0:13:29.720 --> 0:13:33.440
<v Speaker 1>the stuff that is legitimately really cool, and I think

0:13:33.720 --> 0:13:37.160
<v Speaker 1>giving folks the ability to have computer access even if

0:13:37.200 --> 0:13:40.240
<v Speaker 1>they don't have command of their limbs, I think that's

0:13:40.280 --> 0:13:44.040
<v Speaker 1>really awesome. Back to various US government agencies that are

0:13:44.080 --> 0:13:46.400
<v Speaker 1>trying to hold tech companies to task. So next up,

0:13:46.440 --> 0:13:50.119
<v Speaker 1>I want to talk about the Federal Communications Commission, or FCC,

0:13:50.360 --> 0:13:53.480
<v Speaker 1>as well as the cable industry. So I'm largely drawing

0:13:53.480 --> 0:13:56.720
<v Speaker 1>from an article written by John Broadkin for Ours Technica.

0:13:56.800 --> 0:14:01.120
<v Speaker 1>It's titled FCC bans cable TV industry favorite trick for

0:14:01.200 --> 0:14:04.280
<v Speaker 1>hiding full cost of service, So you might remember this

0:14:04.320 --> 0:14:07.400
<v Speaker 1>has been an ongoing issue. The FCC has argued that

0:14:07.400 --> 0:14:11.920
<v Speaker 1>cable companies regularly hide tons of fees in monthly bills,

0:14:12.120 --> 0:14:14.840
<v Speaker 1>so that the amount you have to pay is significantly

0:14:14.960 --> 0:14:19.160
<v Speaker 1>higher than the amount the cable companies advertise. So the

0:14:19.240 --> 0:14:22.520
<v Speaker 1>company might say, like, this is just a hypothetical example

0:14:22.840 --> 0:14:26.720
<v Speaker 1>that perhaps monthly service would cost forty nine dollars, But

0:14:26.800 --> 0:14:29.680
<v Speaker 1>this is before all these odd fees start to pop up,

0:14:29.760 --> 0:14:33.120
<v Speaker 1>and it balloons that figure to much higher levels every

0:14:33.160 --> 0:14:36.640
<v Speaker 1>billing cycle. So now the FCC has mandated that cable

0:14:36.640 --> 0:14:40.760
<v Speaker 1>companies include the all in price while they advertise services.

0:14:40.960 --> 0:14:44.640
<v Speaker 1>The cable company can't cite some stripped down version only

0:14:44.640 --> 0:14:46.880
<v Speaker 1>to pull the old switch ru when it's time to

0:14:46.960 --> 0:14:50.000
<v Speaker 1>actually build customers. Instead, they have to say what the

0:14:50.080 --> 0:14:52.800
<v Speaker 1>full cost is going to be instead of saying, oh

0:14:52.960 --> 0:14:56.520
<v Speaker 1>sorry that yeah, that was without the broadcast TV fee included,

0:14:56.760 --> 0:15:00.160
<v Speaker 1>you know, or whatever. Cable companies are ticked off. No

0:15:00.200 --> 0:15:03.280
<v Speaker 1>big surprise there. Broadcod quotes a lobby group for the

0:15:03.320 --> 0:15:07.360
<v Speaker 1>industry that says, quote, micro management of advertising in today's

0:15:07.440 --> 0:15:11.760
<v Speaker 1>hyper competitive marketplace will force operators to either clutter their

0:15:11.800 --> 0:15:16.040
<v Speaker 1>ads with confusing disclosures or leave pricing information out entirely

0:15:16.160 --> 0:15:18.280
<v Speaker 1>end quote. And I just want to say, all right,

0:15:18.480 --> 0:15:23.360
<v Speaker 1>First of all, what do you mean by hyper competitive marketplace?

0:15:23.760 --> 0:15:28.160
<v Speaker 1>That is laughable? In the United States. There are tons

0:15:28.240 --> 0:15:30.680
<v Speaker 1>of households in the US that have little to no

0:15:30.920 --> 0:15:34.080
<v Speaker 1>choice in providers when it comes to things like terrestrial

0:15:34.240 --> 0:15:38.920
<v Speaker 1>television service. So where is this competition you're talking about

0:15:39.120 --> 0:15:43.320
<v Speaker 1>unless you're talking about competing with other forms like streaming services.

0:15:43.440 --> 0:15:47.000
<v Speaker 1>And yes, cable TV is dying out, but it's because

0:15:47.280 --> 0:15:51.400
<v Speaker 1>largely of the predatory practices and terrible service associated with

0:15:51.480 --> 0:15:55.480
<v Speaker 1>cable companies. Anyway, these new rules won't take effect for

0:15:55.520 --> 0:15:58.240
<v Speaker 1>several more months, and there are a lot more processes

0:15:58.280 --> 0:16:00.760
<v Speaker 1>that are to follow, so you can easily imagine the

0:16:00.800 --> 0:16:04.160
<v Speaker 1>cable industry is likely to contest this and the FCC's

0:16:04.200 --> 0:16:07.160
<v Speaker 1>authority to even pass this in the first place. So

0:16:07.280 --> 0:16:10.520
<v Speaker 1>fun times. But I recommend the article in Ours Technica

0:16:10.520 --> 0:16:13.479
<v Speaker 1>if you want to know more of than details. Alexandra

0:16:13.600 --> 0:16:17.440
<v Speaker 1>Alper of Reuter's reported on the United Nations adopting a

0:16:17.480 --> 0:16:21.640
<v Speaker 1>global resolution that focuses on artificial intelligence and how countries

0:16:21.840 --> 0:16:25.400
<v Speaker 1>must commit to protecting human rights while making sure AI doesn't,

0:16:25.440 --> 0:16:29.360
<v Speaker 1>you know, go all terminator on US done those exact words,

0:16:29.520 --> 0:16:32.160
<v Speaker 1>mind you. So the US is actually the country that

0:16:32.200 --> 0:16:35.480
<v Speaker 1>proposed this resolution, China co sponsored it, and those are

0:16:35.960 --> 0:16:39.320
<v Speaker 1>you know, the two leading superpowers advancing AI technology in

0:16:39.360 --> 0:16:42.080
<v Speaker 1>the world today. And you know, we've seen numerous times

0:16:42.120 --> 0:16:45.000
<v Speaker 1>in the recent past that the way AI has been

0:16:45.280 --> 0:16:48.920
<v Speaker 1>advanced hasn't always been in the most peaceful or non

0:16:49.080 --> 0:16:52.720
<v Speaker 1>disruptive ways. So this resolution has passed, but it's also

0:16:52.800 --> 0:16:57.400
<v Speaker 1>a non binding resolution. So you could make an argument,

0:16:57.480 --> 0:16:59.760
<v Speaker 1>and I certainly do that there is a lot of

0:17:00.400 --> 0:17:04.240
<v Speaker 1>circumstance going on here, but nothing really of substance. It's

0:17:04.320 --> 0:17:07.479
<v Speaker 1>kind of like leaders saying, yes, these are things that

0:17:07.480 --> 0:17:10.359
<v Speaker 1>we should definitely be concerned about, and then that's the

0:17:10.400 --> 0:17:12.600
<v Speaker 1>extent of it, and everything just keeps on going the

0:17:12.600 --> 0:17:15.080
<v Speaker 1>way it's been going, which is kind of frustrating. If

0:17:15.119 --> 0:17:18.560
<v Speaker 1>you ask me, I guess once we're all reduced to

0:17:18.640 --> 0:17:21.960
<v Speaker 1>hiding out in bunkers as the robots rampage overhead. We

0:17:22.000 --> 0:17:25.400
<v Speaker 1>can scold the various world leaders for not actually doing

0:17:25.520 --> 0:17:29.639
<v Speaker 1>anything substantial about safeguarding against risks associated with AI, but

0:17:29.800 --> 0:17:33.480
<v Speaker 1>just you know, saying we probably should. It's just a

0:17:35.000 --> 0:17:38.000
<v Speaker 1>man politics. I get it why everyone hates when I

0:17:38.040 --> 0:17:41.040
<v Speaker 1>bring it up. It's unfortunate. I don't want to either.

0:17:41.320 --> 0:17:43.760
<v Speaker 1>It's just the world we live in. So John Ray,

0:17:44.080 --> 0:17:46.639
<v Speaker 1>the guy who was brought in to help dismantle the

0:17:46.720 --> 0:17:51.440
<v Speaker 1>bankrupted cryptocurrency company FTX, y'all remember that one, right, Jenrey

0:17:51.560 --> 0:17:53.760
<v Speaker 1>was brought in in order to return as much value

0:17:53.840 --> 0:17:57.359
<v Speaker 1>as he could to investors and former customers of this

0:17:57.400 --> 0:18:00.480
<v Speaker 1>cryptocurrency exchange, and he has now weighed in on Sam

0:18:00.520 --> 0:18:06.400
<v Speaker 1>Bankman Freed's current fate. So Freed, or SBF as he

0:18:06.720 --> 0:18:09.520
<v Speaker 1>was known in the crypto community, is coming up for

0:18:09.680 --> 0:18:12.760
<v Speaker 1>sentencing soon. He was found guilty on multiple charges of

0:18:12.800 --> 0:18:16.480
<v Speaker 1>fraud earlier, and now he faces up to a maximum

0:18:16.520 --> 0:18:19.720
<v Speaker 1>of one hundred and ten years in prison, though it

0:18:19.760 --> 0:18:21.960
<v Speaker 1>could be significantly fewer than that. It could be like

0:18:22.080 --> 0:18:25.800
<v Speaker 1>five years if the judge decides, and SBF essentially has

0:18:25.880 --> 0:18:29.280
<v Speaker 1>previously argued for clemency. He wrote letters that stay at

0:18:29.280 --> 0:18:33.119
<v Speaker 1>his crimes resulted in essentially no losses or harmed to

0:18:33.160 --> 0:18:36.919
<v Speaker 1>customers and investors, et cetera. So John Ray wrote in

0:18:36.960 --> 0:18:41.240
<v Speaker 1>to say, oh, contrere monfrere Yeah. He says that stakeholders

0:18:41.240 --> 0:18:45.520
<v Speaker 1>have filed claims that collectively amount to twenty three point

0:18:45.600 --> 0:18:53.600
<v Speaker 1>six quintillion dollars, that is beyond a princely sum. The

0:18:53.640 --> 0:18:58.080
<v Speaker 1>actual estimated loss is somewhere around ten billion dollars, still

0:18:58.320 --> 0:19:02.320
<v Speaker 1>an astronomical amount of money, but not in the quintillion range,

0:19:02.480 --> 0:19:05.199
<v Speaker 1>So there's some discrepancy here. And Ray says that like

0:19:05.320 --> 0:19:07.879
<v Speaker 1>in order to address each claim, there is a significant

0:19:07.920 --> 0:19:10.080
<v Speaker 1>amount of work that goes into it. So clearly there

0:19:10.200 --> 0:19:13.880
<v Speaker 1>is a real cost associated with SBF's crimes here. And

0:19:14.160 --> 0:19:17.760
<v Speaker 1>Ray does not mince words in his letter. He says

0:19:17.760 --> 0:19:19.760
<v Speaker 1>that while his team has worked very hard to get

0:19:19.760 --> 0:19:23.240
<v Speaker 1>as much back as possible, it did so while SBF

0:19:23.400 --> 0:19:27.040
<v Speaker 1>was casting aspersions on their efforts. And moreover, there are

0:19:27.119 --> 0:19:30.520
<v Speaker 1>plenty of cases where there's just no way to reclaim

0:19:30.600 --> 0:19:35.280
<v Speaker 1>what had been lost, including quote, the bribes to Chinese

0:19:35.320 --> 0:19:39.520
<v Speaker 1>officials or the hundreds of millions of dollars he meaning

0:19:40.000 --> 0:19:44.440
<v Speaker 1>SBF spent to buy access to or time with celebrities

0:19:44.560 --> 0:19:48.720
<v Speaker 1>or politicians or investments for which he grossly overpaid having

0:19:48.760 --> 0:19:54.159
<v Speaker 1>done zero diligence. The harm was vast, the remorse is nonexistent.

0:19:54.640 --> 0:19:59.359
<v Speaker 1>End quote yaoza. That is spilling the ding dang darn tea, y'all.

0:19:59.560 --> 0:20:02.320
<v Speaker 1>But beyond on that, Ray also outlined five times he

0:20:02.359 --> 0:20:04.840
<v Speaker 1>says SBF lied in an effort to ask for a

0:20:04.920 --> 0:20:08.680
<v Speaker 1>lighter sentence. So John Ray is essentially saying, throw the

0:20:08.720 --> 0:20:11.920
<v Speaker 1>book at this guy. That the crimes that SBF committed

0:20:12.000 --> 0:20:14.960
<v Speaker 1>and his continued quest to shift blame to other people

0:20:15.240 --> 0:20:18.320
<v Speaker 1>show that he doesn't deserve a lighter sentence, So we'll

0:20:18.320 --> 0:20:21.120
<v Speaker 1>have to see what actually gets handed down. Prosecutors are

0:20:21.119 --> 0:20:23.879
<v Speaker 1>calling for a pretty hefty sentence of around like forty

0:20:24.000 --> 0:20:27.480
<v Speaker 1>or fifty years, so I'm not feeling too optimistic for

0:20:27.600 --> 0:20:30.399
<v Speaker 1>SBF's chances of getting out with a light one in

0:20:30.480 --> 0:20:32.960
<v Speaker 1>this particular case. I think the judge might be a

0:20:33.000 --> 0:20:36.080
<v Speaker 1>little more inclined to lean a bit heavier in this

0:20:36.280 --> 0:20:40.720
<v Speaker 1>particular example. Okay, I've got some more news stories to

0:20:40.760 --> 0:20:42.720
<v Speaker 1>get through before we get to that. Let's take another

0:20:42.800 --> 0:20:54.760
<v Speaker 1>quick break, all right, Now we've got a couple of

0:20:54.840 --> 0:20:57.720
<v Speaker 1>hacking stories that we should cover, So first up, some

0:20:57.800 --> 0:21:03.280
<v Speaker 1>researchers at Colorado State University uncovered vulnerabilities in electronic logging

0:21:03.320 --> 0:21:07.000
<v Speaker 1>devices or elds that are used by the trucking industry.

0:21:07.440 --> 0:21:11.120
<v Speaker 1>So the purpose of an ELD is to keep track

0:21:11.160 --> 0:21:14.520
<v Speaker 1>of stuff like the number of miles and hours driven

0:21:14.920 --> 0:21:18.720
<v Speaker 1>for a run of vehicle performance and stuff like that. Right,

0:21:18.800 --> 0:21:22.359
<v Speaker 1>it's to be part of fleet maintenance and oversight for

0:21:22.440 --> 0:21:26.280
<v Speaker 1>things like drivers and individual vehicles. But the researchers found

0:21:26.400 --> 0:21:29.400
<v Speaker 1>that at least one type of ELD and there's only

0:21:29.440 --> 0:21:32.280
<v Speaker 1>a few that are used by the whole industry. These

0:21:32.320 --> 0:21:36.159
<v Speaker 1>elds are components that are part of larger systems, and

0:21:36.240 --> 0:21:39.080
<v Speaker 1>while there are a ton of these systems that are

0:21:39.080 --> 0:21:42.000
<v Speaker 1>in use in the trucking industry, there are only, you know,

0:21:42.200 --> 0:21:47.280
<v Speaker 1>a few elds that are produced. So at least one,

0:21:47.720 --> 0:21:52.719
<v Speaker 1>maybe more of these elds has a severe vulnerability that

0:21:52.760 --> 0:21:57.200
<v Speaker 1>can be compromised via Bluetooth or Wi Fi. And it's

0:21:57.240 --> 0:22:01.080
<v Speaker 1>even possible to do a compromising attack on one of

0:22:01.119 --> 0:22:04.600
<v Speaker 1>these elds if you're just driving relatively close to a

0:22:04.720 --> 0:22:08.760
<v Speaker 1>truck that's in motion that has a system that has

0:22:08.800 --> 0:22:12.320
<v Speaker 1>this ELD in it, and once it's compromised, the attacker

0:22:12.480 --> 0:22:15.480
<v Speaker 1>can do stuff like they can send a signal that

0:22:15.520 --> 0:22:18.000
<v Speaker 1>would force a truck driver to pull off the road.

0:22:18.640 --> 0:22:21.440
<v Speaker 1>They can even infect the truck so that it in

0:22:21.480 --> 0:22:25.439
<v Speaker 1>turn will infect other trucks if they come within driving range.

0:22:25.840 --> 0:22:28.600
<v Speaker 1>And it's like turning a truck into patient zero for

0:22:28.640 --> 0:22:31.800
<v Speaker 1>a pandemic, only it's a computer virus rather than a

0:22:31.800 --> 0:22:35.000
<v Speaker 1>biological one. And obviously this vulnerability could lead to a

0:22:35.000 --> 0:22:39.480
<v Speaker 1>situation where an entire fleet could become compromised and then manipulated.

0:22:39.840 --> 0:22:43.240
<v Speaker 1>It's a huge danger to not only drivers on the road,

0:22:43.320 --> 0:22:46.919
<v Speaker 1>but also supply chains in general. So, according to the researchers,

0:22:46.960 --> 0:22:51.000
<v Speaker 1>the manufacturer behind the particular ELD they have tested, they

0:22:51.040 --> 0:22:53.959
<v Speaker 1>didn't reveal which one it was. They said that company

0:22:54.000 --> 0:22:56.800
<v Speaker 1>is working on a firmware update that could address this problem.

0:22:57.040 --> 0:23:00.960
<v Speaker 1>But the researchers say other elds might have similar vulnerabilities,

0:23:00.960 --> 0:23:04.600
<v Speaker 1>and that all manufacturers should be investigating this so that

0:23:04.640 --> 0:23:08.000
<v Speaker 1>they can avoid, say a series of attacks that could

0:23:08.080 --> 0:23:10.840
<v Speaker 1>have a severe impact on the shipping industry in the

0:23:10.920 --> 0:23:14.880
<v Speaker 1>United States. Next up are some research hackers who disclose

0:23:15.000 --> 0:23:19.560
<v Speaker 1>that electronic locks from Dormacaba have a massive security flaw

0:23:19.680 --> 0:23:23.399
<v Speaker 1>in them, so these locks use RFID technology. Lots of

0:23:23.400 --> 0:23:27.520
<v Speaker 1>hotels use this particular brand for their door locks, and

0:23:27.600 --> 0:23:31.280
<v Speaker 1>the hacker showed that using an NFC capable device like

0:23:31.840 --> 0:23:36.520
<v Speaker 1>even an Android phone with NFC it's near field communication abilities,

0:23:36.800 --> 0:23:40.000
<v Speaker 1>you can clone hotel key cards and use the cloned

0:23:40.080 --> 0:23:43.160
<v Speaker 1>card to then access a room like you can make

0:23:43.320 --> 0:23:46.679
<v Speaker 1>a master key this way. All you really need is

0:23:46.760 --> 0:23:50.520
<v Speaker 1>an actual key card that was compatible with these systems

0:23:50.840 --> 0:23:53.879
<v Speaker 1>and an NFC enabled device to send a signal to

0:23:54.000 --> 0:23:56.960
<v Speaker 1>overwrite the information on that key card. You know, these

0:23:57.000 --> 0:23:59.760
<v Speaker 1>cards are meant to be wiped and then re used, right,

0:24:00.119 --> 0:24:02.359
<v Speaker 1>so if you can do that and you overwrite the

0:24:02.359 --> 0:24:05.399
<v Speaker 1>info onto the key card, then you can create essentially

0:24:05.440 --> 0:24:08.760
<v Speaker 1>a skeleton key that'll work on these locks. That includes

0:24:08.800 --> 0:24:11.440
<v Speaker 1>being able to open dead bolts, because while you can't

0:24:11.480 --> 0:24:14.640
<v Speaker 1>close a dead bolt on your hotel room door, typically

0:24:14.720 --> 0:24:17.719
<v Speaker 1>these dead bolts are also connected to electronic systems, so

0:24:17.760 --> 0:24:21.280
<v Speaker 1>that housekeeping, for example, can open the door even if

0:24:21.320 --> 0:24:23.280
<v Speaker 1>you've closed the dead bolts. So really the only thing

0:24:23.359 --> 0:24:26.200
<v Speaker 1>you're left with that can keep your door locked would

0:24:26.200 --> 0:24:28.160
<v Speaker 1>be something like if it has a chain on it,

0:24:28.560 --> 0:24:30.639
<v Speaker 1>or something similar along those lines. You know, something that

0:24:30.680 --> 0:24:34.960
<v Speaker 1>you manually use to secure the door, and even then

0:24:35.200 --> 0:24:37.639
<v Speaker 1>you know it's just another level of protection. It's not

0:24:37.800 --> 0:24:42.479
<v Speaker 1>meant to keep everyone out forever. So researchers had already

0:24:42.480 --> 0:24:45.520
<v Speaker 1>worked with Dormacaba and told them about this vulnerability, and

0:24:45.680 --> 0:24:48.240
<v Speaker 1>the company has done an impressive amount of work to

0:24:48.320 --> 0:24:51.040
<v Speaker 1>replace more than a third of the locks that were

0:24:51.359 --> 0:24:53.639
<v Speaker 1>out there in the world that are vulnerable to this.

0:24:54.040 --> 0:24:56.040
<v Speaker 1>But that means you still have around two thirds of

0:24:56.080 --> 0:24:58.600
<v Speaker 1>the locks that are still vulnerable, and it could take

0:24:58.960 --> 0:25:02.600
<v Speaker 1>years to replace most of those because apparently it's not

0:25:02.720 --> 0:25:06.560
<v Speaker 1>just replacing the locks, it's updating the entire system so

0:25:06.600 --> 0:25:10.280
<v Speaker 1>that that includes key cards and the encoders and everything

0:25:10.359 --> 0:25:12.959
<v Speaker 1>like that. The researchers say that as far as they

0:25:13.000 --> 0:25:16.440
<v Speaker 1>can tell, the exploit is not currently active in the wild,

0:25:16.680 --> 0:25:19.520
<v Speaker 1>so that's something at least. But yeah, if you're going

0:25:19.560 --> 0:25:21.320
<v Speaker 1>to be staying in a hotel, just you know, keep

0:25:21.359 --> 0:25:22.960
<v Speaker 1>that in mind. You might want to make use of

0:25:23.000 --> 0:25:26.000
<v Speaker 1>that safe in that hotel room if you can. Now,

0:25:26.080 --> 0:25:29.440
<v Speaker 1>let's end with some fun news. There's a rumor circulating

0:25:29.560 --> 0:25:33.159
<v Speaker 1>that Sony is preparing an upgraded PS five to launch

0:25:33.200 --> 0:25:36.119
<v Speaker 1>in time for this year's holiday season. So this comes

0:25:36.119 --> 0:25:38.600
<v Speaker 1>as Sony has said that the PS five is kind

0:25:38.640 --> 0:25:41.640
<v Speaker 1>of entering the latter half of its life cycle, which

0:25:41.680 --> 0:25:43.520
<v Speaker 1>is pretty wild to me. I still don't own a

0:25:43.520 --> 0:25:46.280
<v Speaker 1>PS five or an Xbox Series X for that matter.

0:25:46.600 --> 0:25:49.560
<v Speaker 1>The rumored PS five Pro should be able to deliver

0:25:49.920 --> 0:25:53.600
<v Speaker 1>upscaled graphics and provide better performance and frame rates, but

0:25:53.680 --> 0:25:56.320
<v Speaker 1>there's no confirmation on this story yet, so there's also

0:25:56.400 --> 0:26:00.960
<v Speaker 1>no firm details to give about this console's stats or

0:26:00.960 --> 0:26:03.679
<v Speaker 1>how much it's gonna cost. My guess is it'll be

0:26:03.800 --> 0:26:06.960
<v Speaker 1>fairly expensive because Sony has stated that it plans to

0:26:07.000 --> 0:26:09.959
<v Speaker 1>focus on profit for the last half of the PS

0:26:09.960 --> 0:26:13.200
<v Speaker 1>five's life cycle. So it sounds to me like Sony's

0:26:13.200 --> 0:26:15.879
<v Speaker 1>goal is not just to entice folks like me who

0:26:16.000 --> 0:26:18.960
<v Speaker 1>never adopted the current generation of consoles, but to also

0:26:19.040 --> 0:26:22.600
<v Speaker 1>convince people who already own a PS five to upgrade

0:26:22.640 --> 0:26:25.960
<v Speaker 1>to the new model now. I think to do that,

0:26:26.080 --> 0:26:30.520
<v Speaker 1>they're gonna have to really firmly demonstrate why this new

0:26:30.560 --> 0:26:34.119
<v Speaker 1>PS five is going to be desirable. I don't think

0:26:34.359 --> 0:26:37.760
<v Speaker 1>a boost in graphics or performance is going to be enough,

0:26:38.200 --> 0:26:40.959
<v Speaker 1>like to say, like existing titles will run better and

0:26:41.000 --> 0:26:43.159
<v Speaker 1>look better on this. I don't think that's gonna be

0:26:43.240 --> 0:26:45.520
<v Speaker 1>quite enough to convince a lot of folks to upgrade.

0:26:45.600 --> 0:26:50.480
<v Speaker 1>They're gonna need to have a decent library of launch

0:26:50.520 --> 0:26:54.600
<v Speaker 1>title games that really demonstrate the value of the PS

0:26:54.640 --> 0:26:57.600
<v Speaker 1>five pro if in fact this is their plan, because

0:26:57.760 --> 0:27:00.000
<v Speaker 1>without those titles, there's not much of a sales pitch

0:27:00.080 --> 0:27:03.400
<v Speaker 1>there unless it's for someone like me who just never

0:27:03.520 --> 0:27:06.119
<v Speaker 1>got on one of the PS fives in the first place.

0:27:06.160 --> 0:27:08.280
<v Speaker 1>And if I'm going to buy one, I'm more likely

0:27:08.320 --> 0:27:12.160
<v Speaker 1>to go for, you know, the best version that's out there,

0:27:12.240 --> 0:27:15.679
<v Speaker 1>rather than buy something that's been said to be on

0:27:15.760 --> 0:27:18.119
<v Speaker 1>the end of its life cycle. And Sony is not

0:27:18.160 --> 0:27:22.160
<v Speaker 1>the only company that's planning new hardware launches. Microsoft had

0:27:22.800 --> 0:27:26.480
<v Speaker 1>a leak, a document leak that showed that a code

0:27:26.560 --> 0:27:30.920
<v Speaker 1>name device called Brooklyn is a future Xbox hardware. It's

0:27:30.960 --> 0:27:35.080
<v Speaker 1>like cylindrical in shape, which is interesting. And Nintendo reportedly

0:27:35.200 --> 0:27:37.240
<v Speaker 1>is preparing to launch a follow up to the highly

0:27:37.280 --> 0:27:40.639
<v Speaker 1>successful Switch handheld consoles, so should be looking at some

0:27:40.800 --> 0:27:44.640
<v Speaker 1>new video game hardware in the not too distant future. Finally,

0:27:44.680 --> 0:27:47.520
<v Speaker 1>I have a recommended article for y'all. It's from Time

0:27:47.720 --> 0:27:51.920
<v Speaker 1>dot Com. It's by Will Henshall and it's titled Nobody

0:27:52.040 --> 0:27:56.280
<v Speaker 1>Knows How to safety test AI, which you know, it's

0:27:56.280 --> 0:27:58.600
<v Speaker 1>a bit of a problem. We all we recognize that

0:27:58.640 --> 0:28:02.680
<v Speaker 1>AI can pose potential threats. That's clear that those threats

0:28:03.160 --> 0:28:07.120
<v Speaker 1>range in severity from worrying about something that could cost

0:28:07.160 --> 0:28:11.640
<v Speaker 1>a company millions of dollars or potentially replace people so

0:28:11.680 --> 0:28:14.159
<v Speaker 1>that folks are out of a job, or all the

0:28:14.160 --> 0:28:17.480
<v Speaker 1>way up to like AI powered weaponized systems that could

0:28:17.520 --> 0:28:21.679
<v Speaker 1>potentially misidentify targets. I mean, there's pretty terrifying ways that

0:28:21.720 --> 0:28:25.840
<v Speaker 1>AI could potentially harm us. But it's also hard to

0:28:25.840 --> 0:28:27.800
<v Speaker 1>figure out how do we test for that, How do

0:28:27.880 --> 0:28:32.520
<v Speaker 1>we discover how AI could potentially cause problems before we

0:28:32.680 --> 0:28:35.119
<v Speaker 1>deploy that AI in the real world and just find

0:28:35.160 --> 0:28:38.960
<v Speaker 1>out through experience that is an issue. So I recommend

0:28:39.040 --> 0:28:41.680
<v Speaker 1>checking out that article if you're interested in learning more

0:28:41.760 --> 0:28:45.440
<v Speaker 1>about that. That's it for this week's news. I hope

0:28:45.560 --> 0:28:48.560
<v Speaker 1>all of you out there are well, and I will

0:28:48.600 --> 0:28:57.959
<v Speaker 1>talk to you again really soon. Tech Stuff is an

0:28:58.000 --> 0:29:03.520
<v Speaker 1>iHeartRadio production. For more podcasts from iHeartRadio, visit the iHeartRadio app,

0:29:03.680 --> 0:29:06.840
<v Speaker 1>Apple Podcasts, or wherever you listen to your favorite shows.