WEBVTT - Tech News: US Senate Grills Big Tech CEOs

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<v Speaker 1>Welcome to Tech Stuff, a production from iHeartRadio. Hey thereon

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<v Speaker 1>Welcome to Tech Stuff, I'm your host, Jonathan Strickland. I'm

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<v Speaker 1>an executive producer with iHeart Podcasts and how the tech

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<v Speaker 1>are you. It's time for the tech news for the

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<v Speaker 1>week ending on Friday, February two, two thy twenty four

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<v Speaker 1>and this week, tech leaders, including the CEOs of meta

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<v Speaker 1>x formerly known as Twitter, Snap, Discord, and TikTok all

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<v Speaker 1>met with the Senate Judiciary Committee here in the United States,

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<v Speaker 1>and it was a pretty sobering experience. The committee brought

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<v Speaker 1>forward families who had experienced tragedies in which children died

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<v Speaker 1>after they encountered various harmful people or situations or material

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<v Speaker 1>on these various platforms. The CEOs expressed their sympathy to

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<v Speaker 1>the families. Mark Zuckerberg even gave a somewhat emotional apology,

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<v Speaker 1>but the politicians found the response lackluster, as did many

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<v Speaker 1>of the parents, who said that the apologies kind of

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<v Speaker 1>rang hollow because there didn't seem to be any indication

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<v Speaker 1>that these companies were going to do anything different. The companies,

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<v Speaker 1>of course, said that they had been implementing various new

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<v Speaker 1>policies to protect children. You know, Meta has recently done that,

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<v Speaker 1>and so have some of the other platforms, But the

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<v Speaker 1>senators demanded to know why Section two thirty, which is

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<v Speaker 1>the US law that provides something of illegal shield platforms,

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<v Speaker 1>should protect these companies from being sued by the families. Now,

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<v Speaker 1>just as a reminder, these CEOs didn't draft section two thirty.

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<v Speaker 1>In fact, section two thirty was drafted before any of

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<v Speaker 1>these companies existed. The drafting was done by actual politicians,

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<v Speaker 1>and Section two thirty is not a blanket, get out

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<v Speaker 1>of court free card for platforms. So essentially, Section two

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<v Speaker 1>thirty says that a platform cannot be held responsible for

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<v Speaker 1>the material that's posted to that platform by users or

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<v Speaker 1>other parties. So if a user posts something illegal onto

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<v Speaker 1>a platform, that's the user's fault, not the platform's fault. Specifically,

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<v Speaker 1>section two thirty says, quote no provider or user of

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<v Speaker 1>an interactive computer service shall be treated as the publisher

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<v Speaker 1>or speaker of any information provided by another information content

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<v Speaker 1>provider end quote. But this protection itself has limits. If

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<v Speaker 1>a platform is violating federal criminal law, then it can

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<v Speaker 1>be held accountable. So if someone posts illegal material and

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<v Speaker 1>the platform is alerted to this, it's the platform's responsibility

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<v Speaker 1>to remove that material. This includes stuff like intellectual property violations. Right,

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<v Speaker 1>so if you were to post something that you don't

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<v Speaker 1>have ownership of and the platform allowed it to stay up,

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<v Speaker 1>the platform could be held account. This is why YouTube

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<v Speaker 1>is so aggressive when removing videos that get a copyright

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<v Speaker 1>removal request, because it's safer to take something down that

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<v Speaker 1>might be a copyright violation or it might not, rather

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<v Speaker 1>than to just leave it up long enough to determine

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<v Speaker 1>if it actually counts as a copyright violation. Anyway, politicians

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<v Speaker 1>on both sides of the aisle have issues with Section

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<v Speaker 1>two thirty, despite you know, not seeming to really understand

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<v Speaker 1>what section two thirty is all about. Complicating matters is

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<v Speaker 1>that these social platforms use algorithms to serve content up

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<v Speaker 1>to users. So if it were just a case of

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<v Speaker 1>users seeing the stuff that they personally followed, it might

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<v Speaker 1>be a different story. But some legislators argue that because

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<v Speaker 1>sites like Facebook or TikTok use an algorithm to determine

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<v Speaker 1>what a user actually sees on their timeline, then those

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<v Speaker 1>platforms are acting more like publishers because they are curating

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<v Speaker 1>material effectively and honestly This is an argument that I

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<v Speaker 1>at least think there's some merit to it. It's it's

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<v Speaker 1>hard to argue against it. I guess you could say

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<v Speaker 1>that these platforms don't actually know what their algorithms are

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<v Speaker 1>going to recommend to users, because it's completely dependent upon

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<v Speaker 1>what those users have interacted with and expressed interest in

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<v Speaker 1>in the past. So it's not like the platforms are

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<v Speaker 1>aware of what the algorithms are doing and the whole

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<v Speaker 1>process is automated. But at the same time, the platform

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<v Speaker 1>itself is determining what someone sees versus all the stuff

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<v Speaker 1>that's actually available. So it's a tricky situation. Anyway, a

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<v Speaker 1>lot of Senators weren't impressed with the CEOs and promised

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<v Speaker 1>to pass laws that would weaken Section two thirty and

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<v Speaker 1>place heavy requirements on the platforms to protect children. There

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<v Speaker 1>are critics of some of these laws. There's actually multiple

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<v Speaker 1>laws that are in various stages in the Senate and

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<v Speaker 1>the House right now. There are critics who say that

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<v Speaker 1>these laws compromise privacy and security, and they can infringe

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<v Speaker 1>upon the First Amendment, and that many of them could

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<v Speaker 1>be difficult, if not in possible, to enforce, and worse yet,

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<v Speaker 1>they could potentially pose a danger to people in the

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<v Speaker 1>LGBTQ community, because not everyone agrees as to what counts

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<v Speaker 1>as being harmful forward children, and some see just the

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<v Speaker 1>existence of say, transgender people as a danger, like just

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<v Speaker 1>the fact that they exist, that's dangerous. So that in

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<v Speaker 1>turn is a slippery slope. So, as I said, it's

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<v Speaker 1>a complicated issue. Speaking of Zuckerberg, he gave some insight

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<v Speaker 1>into Meta's AI strategy during an earnings call yesterday. He

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<v Speaker 1>claimed that the amount of publicly shared information on the

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<v Speaker 1>company's platforms represents a larger data set than what most

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<v Speaker 1>AI companies use when training AI, which is kind of

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<v Speaker 1>funny because you know, like Facebook, you Meta with Facebook

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<v Speaker 1>and Instagram and stuff. They do not want anyone crawling

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<v Speaker 1>their sites. They don't want any of that. That's they say,

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<v Speaker 1>that's against their terms of service. You cannot create bots

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<v Speaker 1>to crawl these sites to gather up information. They can

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<v Speaker 1>do it, though, but no one else can. And so

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<v Speaker 1>they're saying, hey, we have this huge repository of publicly

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<v Speaker 1>shared pictures and videos and other stuff. It's way bigger

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<v Speaker 1>than what anyone else has, So we could train up

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<v Speaker 1>a very intelligent AI as a result of that, and

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<v Speaker 1>Zuckerberg actually mentioned that general intelligence remains a goal of

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<v Speaker 1>general intelligence in the form of AI. I don't mean

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<v Speaker 1>that Zuckerberg is seeking general intelligence. They're too any jokes there.

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<v Speaker 1>So general intelligence would be AI that would work in

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<v Speaker 1>a way that's at least similar to how human intelligence works, right.

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<v Speaker 1>That seems to be able to think for itself. It's

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<v Speaker 1>a kind of strong AI. So this kind of work

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<v Speaker 1>AI research and development, it's really expensive. And Zuckerberg's team

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<v Speaker 1>hinted that Meta could increase spending by as much as

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<v Speaker 1>nine billion dollars this year compared to last year, and

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<v Speaker 1>that this could just be the beginning of additional expenditures

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<v Speaker 1>and research into development, which sounds to me a lot

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<v Speaker 1>like hol Zuckerberg warned that Meta would be spending increasing

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<v Speaker 1>amounts to build out the metaverse. For the record, they

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<v Speaker 1>gave the metaverse very brief mention in their earnings called document.

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<v Speaker 1>They called it their metaverse efforts had put it under

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<v Speaker 1>new business initiatives. I don't know how much momentum their

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<v Speaker 1>metaverse efforts still have. Like to me, it feels like

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<v Speaker 1>the whole metaverse craze has already significantly died down right,

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<v Speaker 1>like that was the huge thing more than a year ago,

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<v Speaker 1>and now people are not nearly as enthusiastic about it.

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<v Speaker 1>But maybe I'm just not listening to the right corners.

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<v Speaker 1>Maybe the Web three enthusiasts and the metaverse enthusiasts are

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<v Speaker 1>still going whole hog and I'm just not seeing. One

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<v Speaker 1>big news story that happened earlier this week is that

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<v Speaker 1>Amazon called off its planned acquisition of the company I Robot,

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<v Speaker 1>which is best known as the maker of the Roomba

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<v Speaker 1>vacuum robot. This actually surprised me, but that's because I

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<v Speaker 1>thought that this deal had already gone through. I thought

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<v Speaker 1>Amazon had already acquired I Robot. I was just under

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<v Speaker 1>the impression that they had already completed this. The two

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<v Speaker 1>companies originally agreed to this deal back in the summer

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<v Speaker 1>of twenty twenty two, so yeah, I just figured like

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<v Speaker 1>within a year and a half that they had closed

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<v Speaker 1>the deal. But no, they faced a lot of regulator opposition,

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<v Speaker 1>including here in the United States, and ultimately Amazon said

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<v Speaker 1>that they just didn't see a way forward. So Amazon said,

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<v Speaker 1>you know what, We're going to pay the ninety five

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<v Speaker 1>million dollar fee that's going to cost us to walk

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<v Speaker 1>away from this deal, and they did, and that's really

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<v Speaker 1>bad news for iRobot. So once upon a time, the

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<v Speaker 1>Rumba was like the dominant product in robot vacuums. In fact,

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<v Speaker 1>it was, to all intents and purposes, like the only

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<v Speaker 1>name in the space. But it didn't last because obviously

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<v Speaker 1>other companies were going to build competing products, and some

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<v Speaker 1>of those products lost less, sometimes significantly less than the Rumba.

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<v Speaker 1>They also weren't necessarily as good as the Rumba, but

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<v Speaker 1>for a lot of consumers out there, cheaper is more

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<v Speaker 1>important than performance, so I robots It's market share decline

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<v Speaker 1>year over year as more and more of these products

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<v Speaker 1>came out. The Amazon acquisition would have given I robot

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<v Speaker 1>the financial security to really stay in business and to

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<v Speaker 1>really invest in innovation. But with the deal falling through,

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<v Speaker 1>there's a big question mark hanging over I Robot and

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<v Speaker 1>whether or not it can even continue to function, at

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<v Speaker 1>least in the long term. Already, the company has announced

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<v Speaker 1>it will hold layoffs that will affect around three hundred

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<v Speaker 1>and fifty employees, and I Robots CEO Colin Engel is

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<v Speaker 1>also stepping down, as he said that he and the

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<v Speaker 1>board both felt that the company really needed a leader

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<v Speaker 1>with quote unquote turnaround experience. I feel really badly for

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<v Speaker 1>everyone affected by these layoffs, and I hope that I

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<v Speaker 1>Robot make a recovery because the company has been responsible

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<v Speaker 1>for numerous innovations in the robotic space, you know, the

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<v Speaker 1>robotic vacuum space in particular, like there have been a

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<v Speaker 1>lot of innovations that I Robot has driven that then

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<v Speaker 1>got adopted by the larger industry, and without I Robot

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<v Speaker 1>there to actually forge that path, we may see a

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<v Speaker 1>real decrease in innovation in that space. After a Tesla

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<v Speaker 1>shareholder brought a lawsuit against Tesla five years ago, a

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<v Speaker 1>judge in the state of Delaware has ruled that Elon

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<v Speaker 1>Musk is not, in fact entitled to a compensation package

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<v Speaker 1>with a value of upwards of fifty five billion dollars.

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<v Speaker 1>He's not going to get that, and like I said,

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<v Speaker 1>it only took five years of languishing through the court system,

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<v Speaker 1>because justice is swift here in the United States. So

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<v Speaker 1>the lawsuit argued that the board of directors was misusing

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<v Speaker 1>company funds by enriching Elon Musk when that money probably

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<v Speaker 1>should have gone somewhere else. Either reinvesting in the company

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<v Speaker 1>or distributed among shareholders whatever. The plaintiff argued that the

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<v Speaker 1>directors were not really independent of Musk, Essentially they were

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<v Speaker 1>his friends and cronies, and that he was using his

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<v Speaker 1>connections as personal connections among some of the board members

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<v Speaker 1>to get this incredibly favorable compensation deal, and that the

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<v Speaker 1>lawsuit also argued that Musk himself was effectively creating his

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<v Speaker 1>own compensation package, like Musk was the one who drew

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<v Speaker 1>it up and then got the board to sign off

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<v Speaker 1>on it, and gosh, I bet we all wish we

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<v Speaker 1>could do that, right. Ap News also has a really

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<v Speaker 1>helpful graphic to assist in understanding exactly how much money

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<v Speaker 1>fifty five billion dollars is for one thing. It illustrates

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<v Speaker 1>that you could spend a dollar for every second of

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<v Speaker 1>every day and it would take you oney seven hundred

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<v Speaker 1>and forty four years to spend all that cash. Crazy, right,

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<v Speaker 1>No one needs that much money. Nobody needs that much money.

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<v Speaker 1>He also said that you could give one hundred and

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<v Speaker 1>sixty three bucks to every single person in the United States, Like,

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<v Speaker 1>that's just it's just way too much money for any

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<v Speaker 1>one person to have. I don't care who you are anyway,

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<v Speaker 1>Musk as is his custom, went to X to vent

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<v Speaker 1>his spleen and said, never incorporate your company in the

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<v Speaker 1>state of Delaware. I recommend incorporating Nevada or Texas if

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<v Speaker 1>you prefer shareholders to decide matters. Ironically, it was a

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<v Speaker 1>shareholder who helped decide this matter, because it was a

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<v Speaker 1>shareholder who brought the lawsuit forward in the first place.

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<v Speaker 1>But yeah, I'm not surprised he's upset. Fifty five billion

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<v Speaker 1>dollars is like when you think you're gonna get it

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<v Speaker 1>and it turns out you're not. And also when, like

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<v Speaker 1>a couple of years ago, you spent forty four billion

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<v Speaker 1>dollars to buy a company that you are steadily running

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<v Speaker 1>into the ground. I mean, this is a lot to

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<v Speaker 1>take in, you know, speaking of a lot to take in,

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<v Speaker 1>We've got more news to cover, but before we get

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<v Speaker 1>to that, let's take a quick break to thank our sponsors. Okay,

0:12:59.040 --> 0:13:02.760
<v Speaker 1>we're back. So this week, Apple's Vision Pro mixed reality

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<v Speaker 1>headset finally launched. As a reminder, this is the headset

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<v Speaker 1>with a starting price point of three thy four hundred

0:13:09.840 --> 0:13:12.920
<v Speaker 1>and ninety nine dollars and according to various sources, Apple

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<v Speaker 1>has sold more than two hundred thousand units so far.

0:13:16.440 --> 0:13:18.320
<v Speaker 1>I should point out that the company first made the

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<v Speaker 1>headsets available for pre order back in January, and the

0:13:22.600 --> 0:13:25.840
<v Speaker 1>majority of those sales were made in the first couple

0:13:25.880 --> 0:13:29.079
<v Speaker 1>of days that pre orders were open. After that they

0:13:29.200 --> 0:13:33.240
<v Speaker 1>trailed off significantly. But it's also two hundred thousand units.

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<v Speaker 1>That's also more than what analysts predict Apple actually has

0:13:36.840 --> 0:13:40.199
<v Speaker 1>available like manufactured, so some folks are going to be

0:13:40.240 --> 0:13:43.040
<v Speaker 1>waiting a little bit longer to get their new, very

0:13:43.080 --> 0:13:46.720
<v Speaker 1>expensive toy. Brian Heater of tech Crunch has some articles

0:13:46.760 --> 0:13:50.920
<v Speaker 1>about his experiences using the vision Pro. I recommend checking

0:13:50.960 --> 0:13:55.280
<v Speaker 1>those out. He mentions that he felt some motion sickness

0:13:55.640 --> 0:13:58.880
<v Speaker 1>on that first day, but he also admitted he's using

0:13:58.920 --> 0:14:02.400
<v Speaker 1>this device a lot because that's his job, right to

0:14:02.520 --> 0:14:05.360
<v Speaker 1>really put it through the paces and then report back

0:14:05.400 --> 0:14:07.040
<v Speaker 1>on it. You know, you might only be able to

0:14:07.120 --> 0:14:08.839
<v Speaker 1>use it for two and a half hours because that's

0:14:08.840 --> 0:14:10.960
<v Speaker 1>how long the battery lasts, and then you have to

0:14:11.000 --> 0:14:13.040
<v Speaker 1>recharge it. But he's been using it over and over

0:14:13.040 --> 0:14:15.720
<v Speaker 1>and over again. But he also makes a really good point.

0:14:15.760 --> 0:14:19.560
<v Speaker 1>He says the average vision Pro owner is also likely

0:14:19.600 --> 0:14:24.640
<v Speaker 1>to go ham at least initially upon purchasing their mixed

0:14:24.680 --> 0:14:28.680
<v Speaker 1>reality headset, because if you've spent three four hundred and

0:14:28.720 --> 0:14:32.080
<v Speaker 1>ninety nine bucks at minimum on something, you want to

0:14:32.120 --> 0:14:35.920
<v Speaker 1>get your money's worth. Anyway, I still think Apple's product

0:14:35.960 --> 0:14:39.120
<v Speaker 1>is really a niche one. Two hundred thousand units is

0:14:39.160 --> 0:14:42.920
<v Speaker 1>a lot, right that we should not dismiss selling two

0:14:43.000 --> 0:14:46.040
<v Speaker 1>hundred thousand of these things. But two hundred thousand units

0:14:46.080 --> 0:14:48.200
<v Speaker 1>is a fraction of what you would see with say

0:14:48.640 --> 0:14:52.000
<v Speaker 1>a new iPhone launch, for example. And while all the

0:14:52.040 --> 0:14:56.720
<v Speaker 1>reviews I've read praise the headsets, pass through video quality

0:14:56.840 --> 0:14:59.560
<v Speaker 1>and the image quality, I'm still not seeing a whole

0:14:59.560 --> 0:15:03.480
<v Speaker 1>lot of conversation about like any real killer apps. Now.

0:15:03.520 --> 0:15:06.200
<v Speaker 1>Maybe that will come in time, or maybe developers are

0:15:06.280 --> 0:15:09.040
<v Speaker 1>going to hold back and wait for a larger user

0:15:09.080 --> 0:15:13.120
<v Speaker 1>base before they invest the resources in developing apps for

0:15:13.240 --> 0:15:16.000
<v Speaker 1>this thing. And if that's the case, we could really

0:15:16.000 --> 0:15:18.560
<v Speaker 1>have a vicious cycle thing going on, sort of catch

0:15:18.600 --> 0:15:22.280
<v Speaker 1>twenty two, where developers won't make apps until they are

0:15:22.280 --> 0:15:25.520
<v Speaker 1>more users, but users aren't going to buy the product

0:15:25.600 --> 0:15:28.600
<v Speaker 1>until there are more apps running on it. That's a possibility.

0:15:29.680 --> 0:15:32.160
<v Speaker 1>I don't know. Maybe I'm ultimately wrong, Maybe this will

0:15:32.200 --> 0:15:35.920
<v Speaker 1>become the next like common household technology. But I don't

0:15:35.960 --> 0:15:39.680
<v Speaker 1>think that's possible at that price point, but who knows.

0:15:39.680 --> 0:15:43.200
<v Speaker 1>I've been wrong so many times before. The US Federal

0:15:43.200 --> 0:15:47.520
<v Speaker 1>Communications Commission or FCC, would very much like Congress to

0:15:47.520 --> 0:15:50.880
<v Speaker 1>make it illegal for anyone to use AI generated voices

0:15:51.000 --> 0:15:55.000
<v Speaker 1>for the purposes of robocalls, pretty please. Apparently someone used

0:15:55.000 --> 0:15:58.600
<v Speaker 1>an AI impersonation of Joe Biden's voice to make robocalls

0:15:58.640 --> 0:16:02.080
<v Speaker 1>in the state of New Hampshire to tar voters, presumably

0:16:02.200 --> 0:16:05.440
<v Speaker 1>to attempt to suppress the vote by telling people not

0:16:05.520 --> 0:16:10.320
<v Speaker 1>to bother voting. This spurred the FCC into action. And

0:16:10.360 --> 0:16:14.160
<v Speaker 1>we've all known for a while now that AI impersonations,

0:16:14.400 --> 0:16:16.760
<v Speaker 1>you know, deep fakes and that sort of thing could

0:16:16.800 --> 0:16:20.480
<v Speaker 1>play a big part in the creation and spread of misinformation.

0:16:21.000 --> 0:16:24.080
<v Speaker 1>And that's the FCC's main concern and why the agency

0:16:24.120 --> 0:16:28.360
<v Speaker 1>wants to make this practice illegal. They can't do that themselves, obviously,

0:16:28.360 --> 0:16:31.800
<v Speaker 1>they're not a lawmaking body, but they can recommend that.

0:16:31.840 --> 0:16:36.320
<v Speaker 1>To con Chris, the FCC proposes expanding the Telephone Consumer

0:16:36.360 --> 0:16:40.320
<v Speaker 1>Protection Act, which originally was drafted in the nineties, and

0:16:40.400 --> 0:16:43.720
<v Speaker 1>to expand that so it will protect against this AI

0:16:43.880 --> 0:16:48.240
<v Speaker 1>generated voice robocall practice, and I'm all for it, because

0:16:48.240 --> 0:16:51.400
<v Speaker 1>we're speeding down the road toward a pretty darn chaotic destination.

0:16:51.680 --> 0:16:54.480
<v Speaker 1>Anything we can do to mitigate that would be really nice,

0:16:54.880 --> 0:16:58.640
<v Speaker 1>in my opinion. Christopher Ray, the director of the US

0:16:58.760 --> 0:17:02.160
<v Speaker 1>Federal Bureau of Investmentation, is warning anybody who will listen

0:17:02.560 --> 0:17:05.720
<v Speaker 1>that the dangers of Chinese hackers and their ability to

0:17:05.840 --> 0:17:10.400
<v Speaker 1>disrupt critical US infrastructure such as electrical grids, is reaching

0:17:10.480 --> 0:17:15.159
<v Speaker 1>an alarming height. It has been no secret that for

0:17:15.320 --> 0:17:19.280
<v Speaker 1>years now, state backed hackers have worked to infiltrate these systems.

0:17:19.359 --> 0:17:22.760
<v Speaker 1>Like I remember reading articles from like a decade ago

0:17:23.000 --> 0:17:30.040
<v Speaker 1>about discovering Chinese code embedded into US infrastructure systems, proving

0:17:30.240 --> 0:17:33.880
<v Speaker 1>that there were these kind of markers where Chinese hackers

0:17:33.920 --> 0:17:38.000
<v Speaker 1>had managed to get access to these things, and there

0:17:38.040 --> 0:17:41.240
<v Speaker 1>have been fears that this work could lead to massive

0:17:41.320 --> 0:17:43.960
<v Speaker 1>cyber attacks in the future. Let's say that there's some

0:17:44.040 --> 0:17:48.959
<v Speaker 1>sort of event that ends up escalating and then China

0:17:49.280 --> 0:17:52.760
<v Speaker 1>orders to kind of take advantage of all this infiltration.

0:17:53.119 --> 0:17:56.480
<v Speaker 1>That's scary, Like you could have entire sections of the

0:17:56.520 --> 0:18:01.000
<v Speaker 1>electrical grid shut down or overwhelmed and have it break.

0:18:01.359 --> 0:18:03.800
<v Speaker 1>So what's new here? If all this stuff has been

0:18:03.800 --> 0:18:07.240
<v Speaker 1>going on for a while. Why is Ray speaking of now, Well,

0:18:07.280 --> 0:18:11.040
<v Speaker 1>there's not that much that's new. But Christopher Ray's statements

0:18:11.080 --> 0:18:13.960
<v Speaker 1>were made largely in frustration over the fact that despite

0:18:14.359 --> 0:18:17.440
<v Speaker 1>these things not actually being breaking news, despite the fact

0:18:17.440 --> 0:18:20.119
<v Speaker 1>that we have known about this stuff, we haven't done

0:18:20.280 --> 0:18:23.320
<v Speaker 1>enough about it. So he's calling for action. He's pointing

0:18:23.320 --> 0:18:28.160
<v Speaker 1>out how Chinese backed hacker groups have already caused massive problems,

0:18:28.720 --> 0:18:30.800
<v Speaker 1>like in the private sector. We've seen that over the

0:18:30.880 --> 0:18:34.359
<v Speaker 1>last few years. Plus. We're in an election year here

0:18:34.359 --> 0:18:36.080
<v Speaker 1>in the United States. It feels like we're always in

0:18:36.119 --> 0:18:38.960
<v Speaker 1>an election year. This time like it just it doesn't

0:18:39.000 --> 0:18:41.439
<v Speaker 1>matter what year it is, it feels like it's an

0:18:41.440 --> 0:18:46.080
<v Speaker 1>election year. But that becomes a huge incentive for a disruption.

0:18:46.480 --> 0:18:49.679
<v Speaker 1>We have seen Chinese and Russian backed groups attempt to

0:18:49.720 --> 0:18:54.919
<v Speaker 1>influence US politics through hacking and misinformation campaigns. So I

0:18:54.960 --> 0:18:58.639
<v Speaker 1>guess we'll see if anyone listens to him and actually

0:18:58.680 --> 0:19:02.680
<v Speaker 1>mounts a decent response to this warning. An Australian company

0:19:02.720 --> 0:19:06.479
<v Speaker 1>called Morse Micro has demonstrated a Wi Fi protocol that

0:19:06.520 --> 0:19:13.280
<v Speaker 1>they call Wi Fi Halo and it's HaLow. This uses

0:19:13.440 --> 0:19:18.440
<v Speaker 1>lower frequency radio signals to transmit Wi Fi over greater distances.

0:19:18.480 --> 0:19:22.680
<v Speaker 1>So these radio signals have longer wave links, lower frequencies

0:19:23.200 --> 0:19:28.200
<v Speaker 1>than what you would typically see with like your usual

0:19:28.280 --> 0:19:32.880
<v Speaker 1>Wi Fi transmitters, and the range they're getting is pretty impressive.

0:19:32.920 --> 0:19:36.440
<v Speaker 1>We're talking like three kilometers or around one point eight miles,

0:19:37.000 --> 0:19:40.399
<v Speaker 1>which is good, Like that's a good distance to be

0:19:40.400 --> 0:19:43.560
<v Speaker 1>able to transmit Wi Fi signals. And they say their

0:19:43.640 --> 0:19:46.760
<v Speaker 1>goal is to develop this technology so that it can

0:19:46.800 --> 0:19:51.760
<v Speaker 1>facilitate communications for stuff like Internet of Things applications, because

0:19:51.800 --> 0:19:55.280
<v Speaker 1>it wouldn't really be suitable for a high throughput application.

0:19:55.480 --> 0:19:59.920
<v Speaker 1>These transmission speeds are down to around one megabit per second.

0:20:00.320 --> 0:20:04.240
<v Speaker 1>You could have some grainy video for example, but that's

0:20:04.560 --> 0:20:08.200
<v Speaker 1>probably the extent of it. But as a solution for IoT,

0:20:08.480 --> 0:20:11.160
<v Speaker 1>you know, Internet of things, it could be a really

0:20:11.200 --> 0:20:14.919
<v Speaker 1>helpful technology. You wouldn't need as great a density of

0:20:15.040 --> 0:20:19.920
<v Speaker 1>transmitters because of this extended range. The longer radio waves

0:20:20.080 --> 0:20:25.800
<v Speaker 1>also have far better penetration for solid surfaces like walls,

0:20:26.359 --> 0:20:31.359
<v Speaker 1>so you know, with high frequency, low wavelength a small

0:20:31.359 --> 0:20:37.160
<v Speaker 1>wavelength Wi Fi signals, walls are a big obstacle, right

0:20:37.640 --> 0:20:42.680
<v Speaker 1>if you have those ultra high frequency Wi Fi solutions,

0:20:43.240 --> 0:20:45.960
<v Speaker 1>they don't penetrate walls very well, so you lose signal

0:20:46.000 --> 0:20:48.119
<v Speaker 1>as soon as there's any kind of barrier between you

0:20:48.160 --> 0:20:51.239
<v Speaker 1>and the transmitter. But these it penetrates really well, so

0:20:51.280 --> 0:20:54.280
<v Speaker 1>you can be inside a building and still have access

0:20:54.320 --> 0:20:57.960
<v Speaker 1>to these signals. As a bonus, the technology has lower

0:20:58.000 --> 0:21:02.760
<v Speaker 1>power requirements than higher frequency Wi Fi solutions, so it's

0:21:02.800 --> 0:21:05.760
<v Speaker 1>a pretty interesting approach. But it remains to be seen

0:21:05.840 --> 0:21:10.160
<v Speaker 1>if it will receive widespread adoption because there are already

0:21:10.280 --> 0:21:14.200
<v Speaker 1>a lot of different protocols for wireless data transmissions out there,

0:21:14.680 --> 0:21:18.880
<v Speaker 1>and some of them have even greater range than Halo does,

0:21:18.960 --> 0:21:22.919
<v Speaker 1>but they also have lower throughput. Right they can only

0:21:23.000 --> 0:21:26.320
<v Speaker 1>transmit data at a lower rate. But I figure the

0:21:26.359 --> 0:21:28.560
<v Speaker 1>more the merrier if it means we can find an

0:21:28.560 --> 0:21:35.040
<v Speaker 1>ideal balance between transmission rain and transmission speeds. Negotiations broke

0:21:35.160 --> 0:21:38.879
<v Speaker 1>down between TikTok and the music label Universal Music Group,

0:21:39.200 --> 0:21:41.600
<v Speaker 1>and the two parties were unable to agree on a

0:21:41.640 --> 0:21:45.560
<v Speaker 1>new licensing agreement. The previous one expired earlier this week

0:21:45.600 --> 0:21:49.720
<v Speaker 1>on Wednesday, so as a consequence, UMG demanded that TikTok

0:21:49.760 --> 0:21:53.760
<v Speaker 1>remove any UMG published tracks from the platform. And there's

0:21:53.800 --> 0:21:58.119
<v Speaker 1>some really big artists who are on the UMG label,

0:21:58.840 --> 0:22:02.240
<v Speaker 1>including one one of the biggest in the world, Taylor Swift.

0:22:02.960 --> 0:22:05.560
<v Speaker 1>I'm sure TikTok fans are going to shake it off,

0:22:05.680 --> 0:22:08.440
<v Speaker 1>shake it off, but they're not going to do it

0:22:08.480 --> 0:22:11.560
<v Speaker 1>with the help of her music because it's being removed

0:22:11.600 --> 0:22:16.320
<v Speaker 1>from TikTok. UMG officials said that TikTok's proposed compensation rate

0:22:16.800 --> 0:22:20.720
<v Speaker 1>was far below industry standards, and that the platform also

0:22:20.760 --> 0:22:25.160
<v Speaker 1>has tons of AI generated recordings that infringe upon artists

0:22:25.280 --> 0:22:29.480
<v Speaker 1>and music companies intellectual property. That's a big problem. It's

0:22:29.480 --> 0:22:31.080
<v Speaker 1>one of those problems we've been talking about for a

0:22:31.080 --> 0:22:35.280
<v Speaker 1>while now about how AI generated material can serve as

0:22:35.760 --> 0:22:39.119
<v Speaker 1>not just a threat from a competition standpoint, but a

0:22:39.160 --> 0:22:43.919
<v Speaker 1>threat in that it can be, you know, using an

0:22:44.080 --> 0:22:49.119
<v Speaker 1>artist's work to generate new work without compensating the original artists.

0:22:49.119 --> 0:22:51.960
<v Speaker 1>And that's a problem. So TikTok fired back, you know,

0:22:52.119 --> 0:22:54.880
<v Speaker 1>UMG said, hey, you're not paying enough. You pay less

0:22:54.920 --> 0:22:58.440
<v Speaker 1>than other platforms do. TikTok says UMG just wanted more

0:22:58.480 --> 0:23:02.399
<v Speaker 1>money for the label itself, and that any argument that

0:23:02.440 --> 0:23:06.919
<v Speaker 1>this is harming artists is disingenuous because UMG wasn't planning

0:23:06.920 --> 0:23:09.320
<v Speaker 1>on sharing that money with artists anyway, it was just

0:23:09.320 --> 0:23:12.200
<v Speaker 1>going to go to the company. Now, let me be clear,

0:23:13.119 --> 0:23:17.639
<v Speaker 1>all companies are greedy, full stop. TikTok is greedy. UMG

0:23:18.280 --> 0:23:21.439
<v Speaker 1>is also greedy. There are no good guys on the

0:23:21.440 --> 0:23:24.920
<v Speaker 1>corporate side here. Maybe the artists you could argue are

0:23:24.960 --> 0:23:29.080
<v Speaker 1>good guys. Wasn't it easier in your firefly catching days?

0:23:30.040 --> 0:23:33.600
<v Speaker 1>That's a that's a shout out to all you swifties

0:23:33.640 --> 0:23:38.160
<v Speaker 1>out there. So yeah, this is not an unusual thing

0:23:38.240 --> 0:23:40.359
<v Speaker 1>to see happen, and I'm sure that a lot of

0:23:40.359 --> 0:23:44.639
<v Speaker 1>TikTok users are frustrated by it. But it all comes

0:23:44.680 --> 0:23:48.520
<v Speaker 1>down to the argument of who's who gets that money,

0:23:48.920 --> 0:23:53.320
<v Speaker 1>and sad thing is it's almost never the artists, and

0:23:53.359 --> 0:23:55.600
<v Speaker 1>that's the worst of it, right, It just comes down

0:23:55.600 --> 0:23:58.560
<v Speaker 1>to which company ends up holding on to that money.

0:23:58.600 --> 0:24:02.800
<v Speaker 1>The most we learned that Mercedes Benz suffered a big

0:24:02.840 --> 0:24:06.560
<v Speaker 1>old it whoopsie this week. It's actually a whoopsie that

0:24:06.760 --> 0:24:10.880
<v Speaker 1>happened something like four months ago and lasted that whole time.

0:24:10.920 --> 0:24:14.080
<v Speaker 1>Like it was, it was essentially an ongoing issue. So

0:24:14.200 --> 0:24:17.399
<v Speaker 1>at the heart of the matter is a gethub token.

0:24:17.720 --> 0:24:22.480
<v Speaker 1>There was a developer at Mercedes who apparently accidentally published

0:24:22.600 --> 0:24:27.040
<v Speaker 1>this token on some publicly viewable source, and that meant

0:24:27.080 --> 0:24:29.760
<v Speaker 1>anyone who went to that source and saw it could

0:24:29.800 --> 0:24:33.680
<v Speaker 1>potentially use that token to access all sorts of very

0:24:33.760 --> 0:24:38.879
<v Speaker 1>secret proprietary data, including stuff like designs for vehicles and

0:24:39.080 --> 0:24:43.320
<v Speaker 1>source code for software. The fact that this system didn't

0:24:43.359 --> 0:24:47.200
<v Speaker 1>have multi factor authentication enabled really blows my mind. I mean,

0:24:47.240 --> 0:24:50.879
<v Speaker 1>typically you would want this kind of critical information, like

0:24:50.920 --> 0:24:55.560
<v Speaker 1>it's essentially your trade secrets, to be locked securely and

0:24:56.200 --> 0:25:00.280
<v Speaker 1>have multi factor authentication there to protect it. And you know,

0:25:00.320 --> 0:25:03.640
<v Speaker 1>token access is part of that strategy, but it shouldn't

0:25:03.640 --> 0:25:07.000
<v Speaker 1>be the start and end of it anyway. Mercedes has

0:25:07.040 --> 0:25:10.040
<v Speaker 1>not yet said if any third parties were able to

0:25:10.080 --> 0:25:13.119
<v Speaker 1>access the various databases that the token would have granted

0:25:13.160 --> 0:25:17.000
<v Speaker 1>access to. Apparently, like this database that you could access

0:25:17.040 --> 0:25:21.960
<v Speaker 1>would have included keys to other repositories, including on Amazon

0:25:22.000 --> 0:25:25.160
<v Speaker 1>Web Services and Microsoft Azure. So it's like, yeah, you've

0:25:25.160 --> 0:25:27.840
<v Speaker 1>got the keys to this and only that, but inside

0:25:27.880 --> 0:25:32.120
<v Speaker 1>there are all the other keys. Truly terrible stuff. There's

0:25:32.160 --> 0:25:34.560
<v Speaker 1>some who wonder if Mercedes would even be able to

0:25:34.600 --> 0:25:39.160
<v Speaker 1>detect if anyone outside the company had accessed the information

0:25:39.200 --> 0:25:42.800
<v Speaker 1>in the first place. This is wild stuff. And if

0:25:42.800 --> 0:25:46.240
<v Speaker 1>you're wondering how bad is this from a kind of

0:25:46.320 --> 0:25:49.280
<v Speaker 1>a how important could that data be? Stance, I would

0:25:49.320 --> 0:25:52.760
<v Speaker 1>put it at a solid nine out of ten, maybe

0:25:52.840 --> 0:25:57.520
<v Speaker 1>even a ten, Like this is real bad. The only

0:25:57.640 --> 0:26:00.640
<v Speaker 1>reason that it's not easily a ten le the gate

0:26:00.720 --> 0:26:03.639
<v Speaker 1>is just that we don't know if anyone else accessed it.

0:26:03.720 --> 0:26:05.720
<v Speaker 1>If they did, then that's a ten out of ten.

0:26:05.800 --> 0:26:08.560
<v Speaker 1>Like it's as bad as it gets. Hopefully, for the

0:26:08.560 --> 0:26:11.000
<v Speaker 1>company's sake, no one noticed the issue and exploited it.

0:26:11.080 --> 0:26:14.840
<v Speaker 1>But that's kind of like the weakest form of security

0:26:14.960 --> 0:26:17.560
<v Speaker 1>you could possibly have is just hoping that no one noticed.

0:26:17.560 --> 0:26:22.080
<v Speaker 1>It's like security through obscurity, not a great, great strategy,

0:26:23.440 --> 0:26:28.760
<v Speaker 1>really bad, And I bet that software developer is having

0:26:28.920 --> 0:26:33.160
<v Speaker 1>a really stressful week, is my guess. My heart goes

0:26:33.160 --> 0:26:35.520
<v Speaker 1>out because if it were truly an accident, that's just

0:26:36.280 --> 0:26:38.600
<v Speaker 1>I mean, it's a terrible accident, but it's not like

0:26:38.680 --> 0:26:43.280
<v Speaker 1>someone was being malicious or whatever. Okay, we've got a

0:26:43.280 --> 0:26:45.719
<v Speaker 1>couple more stories to get through before I can do that.

0:26:45.880 --> 0:26:59.040
<v Speaker 1>Let's take another quick break to thank our sponsor. We're back.

0:26:59.520 --> 0:27:04.520
<v Speaker 1>Spotify podcast strategy has long included a reliance on exclusive

0:27:04.560 --> 0:27:08.560
<v Speaker 1>shows that would only publish on the Spotify platform, and

0:27:08.640 --> 0:27:11.960
<v Speaker 1>I should mention right now, I guess that Spotify clearly

0:27:12.520 --> 0:27:16.240
<v Speaker 1>is a competitor to iHeart podcasts. We all work in

0:27:16.280 --> 0:27:21.480
<v Speaker 1>the same space. But the days of Spotify's exclusivity appear

0:27:22.000 --> 0:27:24.560
<v Speaker 1>to be coming to an end, at least for all

0:27:24.600 --> 0:27:29.160
<v Speaker 1>but one of Spotify's shows. Anyway, the platform had actually

0:27:29.160 --> 0:27:33.080
<v Speaker 1>gone down to just two exclusive shows. It had already

0:27:33.680 --> 0:27:37.120
<v Speaker 1>opened up other shows for wider distribution, and the two

0:27:37.160 --> 0:27:41.119
<v Speaker 1>shows that remained exclusive were The Joe Rogan Experience and

0:27:41.200 --> 0:27:45.719
<v Speaker 1>another one called Call Her Daddy. But now Call Her

0:27:45.800 --> 0:27:50.919
<v Speaker 1>Daddy can distribute on other audio platforms. Spotify is holding

0:27:50.960 --> 0:27:54.640
<v Speaker 1>on to exclusive rights for the video version of the show,

0:27:54.720 --> 0:27:56.760
<v Speaker 1>so it's not like going to be seeing that on YouTube.

0:27:56.760 --> 0:27:59.520
<v Speaker 1>It's just going to be exclusive to Spotify, so that

0:27:59.600 --> 0:28:03.600
<v Speaker 1>will remain on Spotify's platform, but the audio version will

0:28:03.600 --> 0:28:07.280
<v Speaker 1>be available wherever you get your podcasts. So now the

0:28:07.400 --> 0:28:11.600
<v Speaker 1>Joe Rogan Experience is the only exclusive audio podcast remaining

0:28:11.720 --> 0:28:15.840
<v Speaker 1>on Spotify, and people are wondering how long that will

0:28:15.840 --> 0:28:20.720
<v Speaker 1>stay true, you know, will the Joe Rogan Experience follow

0:28:20.760 --> 0:28:23.919
<v Speaker 1>in the footsteps of these other shows and then shift

0:28:24.080 --> 0:28:28.760
<v Speaker 1>to wider distribution, because once that contract comes up, then

0:28:28.760 --> 0:28:30.400
<v Speaker 1>they're going to have to decide how are they're going

0:28:30.440 --> 0:28:34.359
<v Speaker 1>to move forward with renewing it. Spotify has already spent

0:28:34.560 --> 0:28:37.960
<v Speaker 1>tens of millions, hundreds of millions of dollars on these

0:28:38.040 --> 0:28:41.160
<v Speaker 1>exclusive agreements, most of it to the Joe Rogan experience,

0:28:41.280 --> 0:28:45.640
<v Speaker 1>Like the rumor is that the deal for his exclusive

0:28:46.520 --> 0:28:49.200
<v Speaker 1>contract with Spotify was somewhere in the one hundred million

0:28:49.320 --> 0:28:55.560
<v Speaker 1>dollar range. Holy cats. My guess is that Spotify has

0:28:55.600 --> 0:28:59.760
<v Speaker 1>not seen a great return on investment for most of

0:28:59.760 --> 0:29:04.160
<v Speaker 1>its exclusive shows, which explains why they shifted to wider distribution.

0:29:04.320 --> 0:29:07.000
<v Speaker 1>And that makes sense, right, Like, if you're exclusive, then

0:29:07.320 --> 0:29:11.080
<v Speaker 1>the very nature of exclusivity, you have limited the reach

0:29:11.240 --> 0:29:14.360
<v Speaker 1>of your podcast because not everyone is going to use

0:29:14.360 --> 0:29:17.880
<v Speaker 1>your platform. A lot of people might, but not everyone will.

0:29:18.760 --> 0:29:22.680
<v Speaker 1>And we all know that for the majority of podcasts

0:29:22.680 --> 0:29:26.640
<v Speaker 1>out there, the source of revenue for these podcasts is ads.

0:29:26.720 --> 0:29:28.840
<v Speaker 1>I mean, we just had an ad break on this show.

0:29:29.400 --> 0:29:32.880
<v Speaker 1>That's how we are able to pay for the production

0:29:32.960 --> 0:29:36.080
<v Speaker 1>of these shows and to pay people who work on them.

0:29:36.280 --> 0:29:40.680
<v Speaker 1>It's through ad revenue. So if you are limiting who

0:29:40.680 --> 0:29:44.479
<v Speaker 1>can actually listen to your show, you're limiting how much

0:29:44.560 --> 0:29:48.520
<v Speaker 1>ad revenue you can generate. So it makes sense to

0:29:48.560 --> 0:29:51.920
<v Speaker 1>shift to wider distribution for these other shows, and it

0:29:51.960 --> 0:29:55.440
<v Speaker 1>makes sense that they probably weren't making enough money to

0:29:55.520 --> 0:30:00.680
<v Speaker 1>pay off those exclusivity agreements. The question is will the

0:30:00.760 --> 0:30:03.800
<v Speaker 1>Joe Rogan Experience follow suit or will that be seen

0:30:03.840 --> 0:30:07.200
<v Speaker 1>as such an important feather in the cap of Spotify

0:30:07.280 --> 0:30:10.960
<v Speaker 1>that they will hold on to it to retain exclusivity.

0:30:11.080 --> 0:30:15.320
<v Speaker 1>Here at iHeart Podcasts, we tend to favor wide distribution

0:30:15.440 --> 0:30:21.760
<v Speaker 1>from the get go. We maybe looked at possible exclusive podcasts,

0:30:21.880 --> 0:30:25.000
<v Speaker 1>but as far as I'm aware, we never did that

0:30:25.360 --> 0:30:28.920
<v Speaker 1>because we want folks to find our shows wherever they

0:30:28.920 --> 0:30:31.680
<v Speaker 1>happen to get their podcasts right, we don't want to

0:30:31.760 --> 0:30:35.200
<v Speaker 1>dictate how people have to listen to our shows. We

0:30:35.240 --> 0:30:38.280
<v Speaker 1>want them to be able to access it however they prefer.

0:30:38.640 --> 0:30:41.160
<v Speaker 1>It's kind of like how Netflix became known for making

0:30:41.240 --> 0:30:44.360
<v Speaker 1>sure that they developed an app for every single screen

0:30:44.400 --> 0:30:47.120
<v Speaker 1>that's out there, with the exception of the Apple Vision

0:30:47.160 --> 0:30:50.479
<v Speaker 1>pro because they specifically did not make an app for

0:30:50.520 --> 0:30:54.080
<v Speaker 1>that anyway. Could it be that we will see Spotify

0:30:54.160 --> 0:30:58.640
<v Speaker 1>totally abandon exclusivity at least for audio, or will the

0:30:58.680 --> 0:31:01.560
<v Speaker 1>company continue to spend ass of truckloads of money to

0:31:01.640 --> 0:31:04.280
<v Speaker 1>keep Joe Rogan. I do not know the answer to

0:31:04.320 --> 0:31:07.480
<v Speaker 1>that last story. Here is that a hacker made use

0:31:07.520 --> 0:31:11.240
<v Speaker 1>of ours Technica as part of a malware campaign in

0:31:11.280 --> 0:31:15.160
<v Speaker 1>a way that was very clever and unfortunately also difficult

0:31:15.240 --> 0:31:19.400
<v Speaker 1>to detect and stop. So here's how ours Technica's Dan

0:31:19.520 --> 0:31:24.640
<v Speaker 1>Gooden explained what happened. Quote. A benign image of a

0:31:24.680 --> 0:31:28.760
<v Speaker 1>pizza was uploaded to a third party website and was

0:31:28.840 --> 0:31:32.800
<v Speaker 1>then linked with a URL pasted into the about page

0:31:33.280 --> 0:31:37.920
<v Speaker 1>of a registered RS user. Buried in that URL was

0:31:37.920 --> 0:31:40.560
<v Speaker 1>a string of characters that appeared to be random, but

0:31:40.640 --> 0:31:45.280
<v Speaker 1>were actually a payload end quote. So the picture itself

0:31:45.320 --> 0:31:48.080
<v Speaker 1>was nothing like. The picture could have been of anything.

0:31:48.120 --> 0:31:49.920
<v Speaker 1>It didn't have to be of pizza, it could have

0:31:50.280 --> 0:31:53.880
<v Speaker 1>been any kind of web asset. It was really just

0:31:53.960 --> 0:31:57.120
<v Speaker 1>something that the hacker could use that they anchored this

0:31:57.560 --> 0:32:02.760
<v Speaker 1>URL on in this about page of this RS Technica user,

0:32:03.120 --> 0:32:06.360
<v Speaker 1>and the URL had this long string that would not

0:32:07.680 --> 0:32:10.320
<v Speaker 1>impede the web page from loading, like you would still

0:32:10.320 --> 0:32:13.719
<v Speaker 1>get the webpage to load without an error. But that URL,

0:32:13.840 --> 0:32:16.640
<v Speaker 1>that string that was appended to the URL was actually

0:32:16.640 --> 0:32:20.040
<v Speaker 1>a set of instructions for malware that was already on

0:32:21.040 --> 0:32:24.960
<v Speaker 1>victimized machines. So, in other words, the payload on ours

0:32:25.000 --> 0:32:29.000
<v Speaker 1>Technica did not contain malware itself. It contained a set

0:32:29.040 --> 0:32:32.080
<v Speaker 1>of orders. So the way this works is step one,

0:32:33.080 --> 0:32:35.840
<v Speaker 1>you infect a whole bunch of computers with malware through

0:32:35.880 --> 0:32:38.280
<v Speaker 1>whatever means you have at your disposal. In this case,

0:32:38.880 --> 0:32:43.440
<v Speaker 1>it was through infected USB drives, so you get people

0:32:43.520 --> 0:32:48.680
<v Speaker 1>to connect USB drives to different computers. This injects malware

0:32:48.720 --> 0:32:53.720
<v Speaker 1>into the computer system. That malware is then installed essentially

0:32:53.800 --> 0:32:56.640
<v Speaker 1>into those target computer systems, and it's just a waiting

0:32:56.720 --> 0:33:00.560
<v Speaker 1>further orders. Now Step two is you hide the orders

0:33:00.560 --> 0:33:03.960
<v Speaker 1>for that malware at the end of an otherwise benign

0:33:04.040 --> 0:33:07.560
<v Speaker 1>looking URL, and you find someplace on the web where

0:33:07.600 --> 0:33:12.280
<v Speaker 1>you can plant this URL. Really, you're just looking for

0:33:12.360 --> 0:33:15.200
<v Speaker 1>a host, and it doesn't matter which one you'd choose,

0:33:15.640 --> 0:33:18.120
<v Speaker 1>So in this case it was this about page for

0:33:18.160 --> 0:33:22.040
<v Speaker 1>a user on ours TECHNICAP Step three, the instructions dependent

0:33:22.160 --> 0:33:25.400
<v Speaker 1>that URL are telling the infected machines what to do.

0:33:25.520 --> 0:33:28.840
<v Speaker 1>They're actually seeking out those instructions. They receive the instructions

0:33:28.840 --> 0:33:32.200
<v Speaker 1>and then they execute them. So the malware on these

0:33:32.240 --> 0:33:36.080
<v Speaker 1>machines jumps into action and then step four profit. In

0:33:36.120 --> 0:33:40.200
<v Speaker 1>the case of this particular instance, the malware was part

0:33:40.320 --> 0:33:46.320
<v Speaker 1>of a cryptocurrency mining scheme, So chances are anyone visiting

0:33:46.400 --> 0:33:49.120
<v Speaker 1>ours tetnco is actually fine because the first stage of

0:33:49.120 --> 0:33:53.920
<v Speaker 1>the malware again had to be injected through these USB drives.

0:33:53.920 --> 0:33:58.760
<v Speaker 1>So unless you had grabbed one of those USB drives

0:33:58.760 --> 0:34:02.640
<v Speaker 1>and then thoughtlessly plug it into your computer and infected

0:34:02.680 --> 0:34:06.600
<v Speaker 1>your computer with malware, you're fine because visiting the urs

0:34:06.640 --> 0:34:10.359
<v Speaker 1>Technica site, even visiting that particular page, would not have

0:34:11.000 --> 0:34:14.040
<v Speaker 1>delivered any malware to your machine. It was only the

0:34:14.080 --> 0:34:18.359
<v Speaker 1>instructions for malware that already existed on machines. But this

0:34:18.440 --> 0:34:22.080
<v Speaker 1>does illustrate how hackers can hide malware instructions in plain

0:34:22.200 --> 0:34:26.040
<v Speaker 1>sight and it can be incredibly difficult to detect them.

0:34:26.760 --> 0:34:29.399
<v Speaker 1>All Right, that's it for the news. I do have

0:34:29.520 --> 0:34:33.520
<v Speaker 1>one recommended article to read if you have a subscription

0:34:33.600 --> 0:34:37.040
<v Speaker 1>to the Wall Street Journal. Rolf Winkler has a piece

0:34:37.080 --> 0:34:40.960
<v Speaker 1>titled twenty three and Me's Fall from six billion dollars

0:34:41.000 --> 0:34:46.160
<v Speaker 1>to nearly zero dollars. It includes quotes from CEO and

0:34:46.280 --> 0:34:50.959
<v Speaker 1>Wojiski regarding her strategy to recover from the massive dip

0:34:51.040 --> 0:34:53.319
<v Speaker 1>the company has faced in the wake of a devastating

0:34:53.400 --> 0:34:55.799
<v Speaker 1>data breach, and it's a really interesting read. I know

0:34:55.880 --> 0:34:58.040
<v Speaker 1>not everyone has access to the Wall Street Journal, but

0:34:58.040 --> 0:35:01.080
<v Speaker 1>if you do, that article is reading to just kind

0:35:01.080 --> 0:35:06.279
<v Speaker 1>of get a handle on Woojiski. Who I mean, I

0:35:06.320 --> 0:35:09.759
<v Speaker 1>don't know. She's got so much money that I I

0:35:09.760 --> 0:35:12.120
<v Speaker 1>don't think I can I can relate to her on

0:35:12.239 --> 0:35:16.319
<v Speaker 1>any on any human level. It's just it's beyond me.

0:35:16.800 --> 0:35:19.640
<v Speaker 1>But it is interesting to see kind of what do

0:35:19.680 --> 0:35:24.080
<v Speaker 1>you do when your company has gone from an incredibly

0:35:24.280 --> 0:35:28.520
<v Speaker 1>high valuation of like six billion dollars to almost nothing

0:35:28.680 --> 0:35:31.560
<v Speaker 1>like the twenty three and meters stock price now is

0:35:31.640 --> 0:35:35.160
<v Speaker 1>under a dollar. It is under threat of being delisted

0:35:35.160 --> 0:35:39.440
<v Speaker 1>from the Nasdaq. It's a dire situation, so interesting article

0:35:39.440 --> 0:35:42.000
<v Speaker 1>worth a read. In the meantime, I hope all of

0:35:42.040 --> 0:35:45.200
<v Speaker 1>you are well and I will talk to you again

0:35:45.920 --> 0:35:55.360
<v Speaker 1>really soon. Tech Stuff is an iHeart Radio production. For

0:35:55.480 --> 0:36:00.320
<v Speaker 1>more podcasts from iHeartRadio, visit the iHeartRadio app, Apple Podcast Guests,

0:36:00.440 --> 0:36:02.440
<v Speaker 1>or wherever you listen to your favorite shows.