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ah, big tech used to be a big money and it wasn't too long ago. it was past money to what started out as a, a few, a young students experimenting with computer codes and their dorm rooms, or maybe even a small operation out of a garage has gone into $1.00 of the highest revenue generating industries. however, with amazon announcing the layoff of $10000.00 employees and twitter cutting 50 percent of its workforce after it's purchased by you must and mehta pre 2020, to hitting a market cap of over one trillion dollars, which is now under 300000000000. there are many who is started to doubt the strength of the technology sector going forward. i'm sky now. he's on today's upset of 360 view. we're going to ask if the rumors that big texter might are premature or wake up call for more responsible planning in the future. so let's get started. ah,

as math layoff from big tech are being seen around the world, is this a sign of a global recession or national correspond works on a salon or take a look with this report? well, we are seen massive layoff from all the big names in the tech industry. as ill a mosque is trying to rationalize his $44000000000.00 purchase of twitter by lane of half the workforce. i'm a son, which had been one of the few companies who search during the pandemic is now announcing the lay off of $10000.00 employees. maida was main product is facebook is suffering from apples privacy update and has announced late of, of 13 percent of stuff that is coming. many are starting to doubt the strength of the technology sector going forward. these companies claim the layoffs are part of

a move to prepare themselves for an upcoming recession. so is big take the 1st indicator of global economic turmoil, or is it just an excuse for profit driven companies to enlarge their bottom line? twitter employees went viral for posting day in life on take stuff, showing themselves, playing games, taking naps. i'm basically doing anything by working hudson red wine on that's on tap. went up to the rooftop and just honestly enjoyed the beautiful weather. facebook has been facing several lawsuits from their mother ration team may need to adjust financing to pay for court models. amazon is the only one who could really be a sign of the times. the company was marketing on hiring 100000 people during the pandemic . they host the massive job fairs in dozens of cds to hire in every position across

the company. now with les of countries whose leaders have refused to acknowledge their ross, economic position are now having to come to terms with the reality of a worldwide recession. as we're seen, interest rates rise in response to inflation by central banks across the world. we may be getting closer and closer to a global recession. according to a comprehensive new study by the world bank, a string of financial crisis in emerging markets and developing economies will do lasting harm. if we were to see these for the, for a big tick could be the 1st symptoms revealed by an upcoming global recession. for 360 view, i'm brooks jennifer lynn. beg your santa join me now to discuss him further is rebecca fannan, a journalist who specializes in the tech industry and author of silicone dragon?

how china is winning the tech race and our new book, silicone heartland, transforming the midwest from russ. but to check belt, rebecca, our sort of have we seen this a peak of the technology industry and is that even possible? oh, no. technology is ever evolving. it does not stand still, it does have peaks and it does have valleys. and we're seen a bit of a bit right now, but we'll, we'll see a turn around i. we went through the dot com cycle boom and bust cycles before and we've continued to see innovation gather strength. so there's no stopping it. what is the main reason technology could be a little bit of a stalemate? i mean, what is the main thing causing technological innovation? what drives it to start climbing? is it the product developed or the people behind it?

well, we went through this period of coven, whereas there was a lot of in certain sectors there was over hiring. and so now those companies are paying the price from that. so i think we do have kind of bounce back with rebound from from that area. but i think there are other factors too. in that acknowledge changes shift. we went through the internet one point, no internet point, no worries. internet 3 point. oh, so we have these waves of innovation and they stifle through different technology sectors and they impact different areas of technology. today you're seeing a lot of action around robotics and a thomas driving where and a i is where maybe a few years ago was all around social media, facebook, twitter. so you do go through these phases. yeah, it's very interesting because you talked about how from today till just 20 years ago, 10 years ago, i think back to the 95060 technology was

a television that had 3 channels on it. mike waiver, freezer washing machine, those weren't even in existence, but today and 2023. do you think we as a society underestimate the power that technology has on our everyday lives? it's more impactful than ever before. yeah, it's definitely a part of our everyday lives and the smartphone. it can you walk down speak and watch on the street, and everyone's having a conversation with their smartphone thinking. you're getting all these private conversations going by all. i'm not trying to assess you. wow. you know, you think, oh, that's a good thing, right? okay. see you, it's technology is just surrounding us today from gaming to our communications to live streaming. do you know, various internet platforms that continue to be innovative, such as the members which were all going to be swimming in sunday? probably not too long period of time. i know there's

a couple guys which hope that true, but when you look at investors in the metaphors, they're actually hurting right now. it's not been the best year for them as they've continued to try to get people to join in that technology. but it's interesting when you look at the idea which seems out of control out of touch and that it could not even be a reality, except maybe in a few years. it comes back to this tech and where's developed? do you feel like the tech industry is loyal to the countries that they actually originate from? or is it more about what sectors they support? loyal to the country there, brown? well, if you look at tick tock, tick, tock is from china. and it's grabbed ahold of the us consumers in the big way. so you could say that today i did travel very rapidly globally and there's no borders. so that's something that gets created in another markets can take all

across the oceans and both ways. and so i do travel very quickly today because of the internet because of our open communications that have these channels, the communications that we never had before before the internet. i worked very slowly and now today is charleston and you can keep up with it. it's interesting that you bring up tick tock because there's a crossword happening right now. a simple social media site as check talk and politics and government. many governments around the globe has even even major 1st of all, countries are banning this social media app, tick tock from their government phones. is this a point where politics are crossing the line of checks all to aim at the country than actually the technology? yeah, politics is politics and factor intertwined these days. it, you know, it became much more pronounced. the issue was the rise of technology and that whole innovation economy to develop and the friction between us over tech innovation

leadership. so became a political issue. we're also seeing this another field as well, such as semi conductors today. the idea that semiconductor production is so much overseas. and now we're starting to bring it back home again to the us. and we see intel investing $20000000000.00 and the new civic is active outside of columbus, which is where i'm originally from. i. so i've seen a new in help that starting construction. but there are other, it's in the conductor plans that are developing in the us as well, such as in arizona. i, it's, these areas do become politicized where the future of pac tech leadership. it's not just a national issue anymore of. ringback just silicon valley global issue was very interesting . you know, i person, i think tick tock is going to be the number one follow up between china and us

relations. do you think that's true and what do you make of all of this? yeah that's, that's been a renewal issue in their taxi, a consolidation and power concentrated in tooth you players are acquisitions of startup said that are being bundled into the big players. and i think that that actually hurts innovation in the long run. ah, where startups get gobbled up or it's, they're always more start out. starting all the time that could get doubled up so that that, that doesn't stop, but it once they become baked into another company, sometimes they lose that innovation alter and they get sucked into this corporate culture. and so i think it's a negative or innovation overall. absolutely. thank you, rebecca. okay, so don't go away because we're going to continue this conversation because after the break, we're going to talk with rebecca about the future of big tech. ah

ah, at the end of the 18th century britain began the illegal opium frayed in china. this hard drug causing addiction and literally destroying the human body became a gold mine for business men from the foggy elbow. however, the ruling chinese gene dynasty tried to resist and to stop the illegal trade, which provoked the wrath of the london business community. in 1840 without a declaration of war, the english fleet began to seize and plunder chinese coastal forts. the barley,

armed and morally drained chinese army, was unable to provide adequate resistance. the ging empire was forced to hand hong kong over to england and opened his sports for trading the lethal in 1856, france and the united states joined in the robbery of china. the anglo french troops defeated the chinese occupied beijing and committed an unprecedented robbery . destroyed and blundered, the wealth of the un mean you and palace the defeat of the jing dynasty and the do opium wars lead to the transformation of the celestial empire into a semi colony of european states. and started each age of humiliation and the sale of opium took on colossal proportions and led to the horrible deaths of millions of ordinary chinese. ah,

i look forward to talking to you. oh, that technology should work for people. a robot must obey the orders given by human beings, except we're such shorter. is it conflict with the 1st law? show your identification. we should be very careful about our personal intelligence . and the point obviously is to place trust rather than fear a job with artificial intelligence. real somebody, the news a robot must protect its own existence with as much as on my new thought at home that you, i mean you play a border with the,

my listen, look and you live muscles. if you look on the initial, be one of club not to get a dealer post on zillow, be honest, can used to put value with who did origin. but he also still was done those a similar to like going to put that on the billing system. a what i see the senior bus is the little gear motivation, says diesel, you gumbo sub oh, welcome back. i'm going to who's in your watching the 360 view. we're going to continue our discussion regarding the rise and possible fall. a big tech with rebecca fannon, who was a journalist who specialized in the tech industry and author of her new book,

silicon heartland transform in the midwest from rust belt to tech belt, can now be found on amazon. tell us about it. silicon heartland, yes. on reorder at amazon right now. and barnes and noble and many other books. i your has been 30 years of major advancement within the tech industry. should there have been more regulations involved and are some businesses at a disadvantage because the laws that have already been put into place? oh boy. yeah. so on the china fries, obviously there lot of issues there and side of the us us to china with roadblocks and restrictions over technology crossing borders and the most sensitive and most advanced technology crossing borders. so yeah, you do see

a big tag impacted by those issues. and i think that that's been going on for pretty strong for a couple of years now and don't see it going away anytime soon. and i think the friction are going to continue to rise. and you also see other countries pushing back against other markets coming in and trying to dominate their own market that going on as well. so india, frances has restricted access to some or, and even from china. so i do think that that would continue to be an issue, and like i said, not going away. and the chances technology is becoming the new path. when you're looking at problems, the way countries handle, the relationship with tech is now becoming a nother fact in the argument here, the united states, you have this recent disclosure of the relationship between the big tech and the

usa and the government in the 2020 election we've seen this and other governments in other countries have had the same thing happened within their borders. hence why some restricted platforms are happening and the laws they pass. we saw it on facebook. twitter. is this happening in other industries and should they be concerned about it? what can they even do about? well, privacy is one of the big issues, mr. privacy. what is being done with the data that all of us that consumers in social media, and then the social media companies monetize that by selling advertising against it . and that has become a very big issue on consumer privacy. and how you, how you put barriers around that, how do you, how do you protect consumers from this data being, you know, monetize and take advantage of. of course there's also a cyber hacking and cyber attack. so it's whole areas just

wanted reca. when you look at the availability of access to the internet, the government has a right to regulate a technology's company's access. so the government of a country says, no, this tech platform not allowed in my country. guess what? it's not allowed in the country. do you think big tech is going to figure out a way to get around having to rely on government permissions in order for many of us operations, or do they already rely too much on various governments around the world in order for their business to even exist well, in china that's played out, it's a big issue. facebook, it's not allow the google, it's not allowed. literally not allowed many, a digital media companies, many media companies are not allowed to ship is a big issue. and there hasn't been any way around that. you know, you're, the government said you not, you cannot do business here. there's very few other alternatives,

particularly when it comes to a power country like in china has its own, has its own facebook. it has its own twitter, it has its own brands that are very much very popular with chinese citizens. and it's very difficult for american brands. aside from getting permission from the government, it's very difficult for other brands to enter into new markets and, and capture the consumer interest. actually, the american grants have done pretty well in many, many markets in dominating or markets. but they have not been able to demonstrate the chinese market for various reasons, including somebody's restriction, i guess. yet many companies have flayed from silicon valley. cities like san francisco due to this massive push from government. companies are now heading to places with no state income tax in the united states. the fish we like texas techy,

florida outsourcing their employees to other countries like china and india even. do you see this trend continuing? if government continues to keep trying to push their hand in, beg tech, could this possibly to a recession all because of outsourced jobs? well, that was actually contributor maybe 20 years ago, the outsourcing of dogs, where we saw manufacturing and many, many service jobs overseas. and mary burke, the u. s. economy, some of that is starting to come back under re shoring. so outsourcing is not the deal and all at once, once it re shoring it's become a very popular phrase and you see more and more of the shots coming back. so i think yes, definitely you're seeing the spread of silicon valley to other states and other pods throughout the country. and that's what i write about it. my new book about it spread to places like austin, texas and, and then ohio, columbus,

ohio. it's bird weight elsewhere, you know, and there are places where there is a lower tax rates and there is a pack of developing around universities around tech clusters around companies operations that can push the innovation seen locally. so yeah, definitely we are seeing tax issues play the art in how innovation develops and where it develops. rebecca, in this war of information and it's war of technology. what country is most poised to be ahead of the game moving forward or more most welcoming to the tech industry? well, israel is israel has its own very strong are indeed capabilities and very strong tech talent. but they don't have the local market, it's small country. so it will have to depend on other markets and solid products.

and so that, that is the market that is very open to having it cross water sales and marketing and innovation. so i would say israel is probably in the lead. there is the real off the roads market versus tax capital. i feel like every part of life right now has been touched in some way by technology . in fact, it's hard to escape it at this point. that being said, where and everyday people's lives to technology have the most opportunity still for development. like what you said, the i phones have the calendars, the office space, everything else has become so entrenched and tech. where's the greatest opportunity for the future of probably the members where things will become, will have different ways of interacting with our devices. it won't be right now.

you have to fight pretty well. there are certain talk the inner faces, but still primarily it's typing and and i think we'll see other interfaces develop and we'll see the internet develop. it's more of the part of our what they call immersive life. right. that we're immersed in it right now. we're kind of, there's this wall between the person and the device and the, and the communication channel, but in the future will be all, much more immersive. so that's what the future the problems of the metal groups is about, is that we become kind of subsume in this metaphor universe. well, thank you rebecca fan in for giving us your insight today. in the old 1900 eighty's show lifestyles of the rich and famous were still in existence. today

i have no doubt. those in the tech sector would often be featured by the end of 2021. the global tech industry was estimated to reach a market value of $5.00 trillion dollars. while the seems like a lot of money, it is still out paste by the financial and real estate industries. however, those are the industries which have been around for generations. while the tech industry has mainly seen its growth in the last 30 years, make it a rapidly growing industry. this as the key component of technology is new development and advancement, the opportunities are limited. but to survive, you need to have someone who is not only a visionary from the tech perspective, but someone who is actually good of business. therefore, the main difference between which companies will thrive in which one will fall to the wayside is a leadership. tech giants like you on must congest phases, are continuously diversifying their assets beyond their original product. their for tech will continue to grow as it is infused in every other industry around the

world. even with unpredicted unpredictable economies, i am certain society will never take a step back regarding technology unless we are maybe an apocalyptic times. the most worrisome issue is the continued development of technology to replace task previously assigned to humans, including the most important element of thinking. this will be the ultimate example of someone doing their job quite too well. this is been your 360 view. i'm scotty. no huge. thanks for watching. huh. ah, ah, i can't imagine a situation in which target would be me being ne, auto cross station or out of some anger or out of some grievances or automated

dispute with one or 2 nato members. we have learned how to deal with them. why not? so if they are basically to do something nasty to us, we can do something more nasty to them. who's us is a danger to the world as it is. and because it has all this economic power that it uses for the military. these are sick and twisted people that care about nothing but money empower. i'm not even hey, i think i think they're indifferent. they just want money empower and they don't they're indifferent to who dice and as long as they can get that money empower. ah,

ah, i will ensure that joe biden does not receive 4 more years. a general rule, no, never, we must conduct a top to bottom overhaul to clean out the festering rod and corruption of washington dc abided as pushing us to world war 3. i mean, i, you have to consider that that is the worst. i mean, we should never be in a position the u. s. has no business in ukraine with with

i, rick sanchez. and i'm here to plead with you. whatever you do, you do not watch my new show. seriously. why watch something that's so different. my little opinions that you won't get anywhere else work of it please. if you have the state department, the cia weapons, bankers, multi $1000000000.00 corporations, choose your facts for you. go ahead. i change and whatever you do. don't watch my

show, stay mainstream, because i'm probably going to make you uncomfortable right here. but again, you probably don't want to watch it because it might just change the way you think . ah, the main suspect in a terror attack that took the life of a prominent russian journalist awaits her 1st court in moscow. following yesterday's explosion in saint petersburg. a warning you may find the following footage distressing a newly released, but it shows the immediate aftermath of the destination. as survivors of the attack are seen running away from the scene covered in blood, french intelligence services and per day, syrian bass french company to continue operations in the country.