tv The 360 View RT April 4, 2023 4:30am-4:58am EDT
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ah ah, who is the aggressor today? i'm authorizing the additional strong sanctions. today russia is the country with the most sanctions imposed against it. a number that's constantly growing up in your future. my problem was to call sure as you speak on the bill in your senior, mostly mine or wish you were banding all imports of russian oil and gas new g. i. g, with regard to joe biden,
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imposing the sanctions on russia. you know, has destroyed the american economy. so there's your boomerang. ah, big tech used to be a big money and it wasn't too long ago. it was fast money to what started out as a, a few, a young students experimenting with computer codes in 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 for 2020 to hitting a market cap of over one trillion dollars, which is now under 300000000000. there are many who has started to doubt the strength of the technology sector going forward. i'm now he's on today's upset of
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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 lay off from all the big names in the tech industry. as ill mosque is trying to rationalize his $44000000000.00 purchase of twitter by lane, off half the workforce. i'm a son which had be 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
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is suffering from apples privacy update and has announced lay offs of 13 percent of stuff that is coming. many are starting to doubt the strength of the technology sector going forward. this company's claim, the layoffs are part of a move to prepare themselves for an 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 stick, stuck showing themselves, playing games, taking naps, and basically doing anything by working hudson red wine on that's on tap. went up to the roof top and just honestly enjoyed the beautiful weather. facebook has been facing several lawsuits from their mother ration team may need to adjust financing
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to pay for court models. amazon is the only one who could really be a sign of the times. that company was marketing and hiring 100000 people. during the pandemic. they host the massive job fairs in gardens of cds to hire in every position across the company. now with lay of countries whose leaders have refused to acknowledge their rough economic position are now having to come to terms with the reality of a world wide recession. as were 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 pick could be the 1st symptoms reveal, but an upcoming global recession. for $360.00 view,
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i'm brooklyn of fillin. thank you. santa join me now to discuss him further. is rebecca fan in a journalist who specializes in the tech industry and author of silicone dragon? how china is when the tech race and our new book, silicone heartland, transforming the midwest from respect 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've seen a bit of a bit right now, but we'll, we'll see it turn around. i, we went through the dot com cycle room above cycles before, and we've continued to see innovation gather strength. so there's no stopping it.
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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, where 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 that area. but i think there are other factors too, in that acknowledge changes is shift. we went through the internet one point, no internet point, no worries and internet 3 point. so we have these waves of innovation and they cycle through different technology sectors and they impact different areas. this technology today, you're seeing a lot of action around robotics and thomas driving where and a i is where maybe a few years ago was all around social media, facebook,
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twitter. so you do go through these phases. yeah, it's very interesting because you talked about how from today tv is 20 years ago, 10 years ago, i think back to the 95060 technology with a television that had 3 channels on it. mike, with a 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 you walk down the street and everyone's having a conversation with their smart valerie thinking, you're getting all these private conversations going by all i'm not trying to sell you. wow. you think? oh, that's the thing, right? okay. so you know, you just surrounding us today from gaming to our communications, to live streaming,
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to, you know, various internet platforms that continue to be innovated, such as the members which were all going to be swimming and sunday. probably not too long period of time. i know there's a couple guys which hope that's 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 then it could not even be a reality, except maybe in a few years. it comes back to this tech and where is 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 from? 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
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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 home across the ocean and both ways. and so i just 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 it travels in and you can keep up with it. you know, it's interesting that you bring up tick tock because there's a crossword happening right now. a, a simple social media site as tick, tock 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
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than actually the technology? yeah, cause this is got politics and factor intertwined these days. it, you know, it became much more pronounced. the issue was the rise of trying to technology and that whole innovation economy the develop and the friction between us over tech innovation leadership. so it became a political issue. we're also seeing this another field as well, such and simon conductors today. the idea that our semiconductor production is so much overseas. and now we're starting to bring it back home again to the us. and you see and tell. investing $20000000000.00 and the new so because after plant outside of columbus, which is where i'm originally from i. so i've seen a new intel starting construction. but there are others. and the conductor plans that are developing in the us as well, such as in arizona, i, these areas do become politicized where the future of tech leadership,
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it's not just a national issue anymore. ringback just silicon valley global issue was very interesting. you know, i personally 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 bruno 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 on where startups get gobbled up. or it's, they're always more start up starting all the time that could get doubled up. so that, that, that doesn't stop. but it, once they become a baked into another company, sometimes they lose that innovation alter and they get into this corporate culture . so i think the negative or innovation overall. absolutely. thank you,
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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 one back about the future of big tech. ah ah, us is a danger to the world as it is. and cuz it has all this economic power that it uses for the military. these are sick and twisted people. they care about nothing but money empower i. it's not even hey, i think i think they're indifferent. they just won't want to empower and they don't . they're indifferent to who dice and as long as they can get that money empower.
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ah, a. i will ensure that joe biden has not received for more years. do you believe trump? as 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 a 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 or with
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a look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such order does that conflict with the 1st law show your identification. we should be very careful about our personal intelligence at that point, obviously is to create trust rather than fear. i would like to take on various jobs, artificial intelligence with somebody with a robot must protect its own existence with ill. ah, yes. now i can you?
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yes. so if it's deploy box near to nothing, you know them look in the new book is up at the natalie, she's the radius of a young showcase in i'm going to let them know that sounds good to the boy. why is it w ah, ah, what would be the one that number will be? what am i in my chair, the says, laura doesn't want that much extra mom, but i know it's a good bit whole sh welcome back. i'm gonna,
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using you're watching the 360 view. we're going to continue our discussion regarding the rise and possible fall of big tech with rebecca fannin, who was a journalist who specialized in the tech industry and author of her new book, silicon heartland, transforming the mid west from rust belt to tech belt, cannot be found on amazon, tell us about it. silicon heart land. yes. on reorder at amazon right now. and barnes and noble and many other books sites. you know, it 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 of the laws that have already been put into place? oh boy ha. yeah, i'm so i'm on the china front. obviously. there lot of issues there of the u. s. u. s. to
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china with roadblocks and restrictions over technology, crossing boards and the most sensitive, most advanced technology crossing borders. so yeah, you do see a big tech 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 any time soon. and i think that these frictions are going to continue to rise. and you also see other countries pushing back against other mark is coming in and find to dominate their own home market. so you see back going on as well. so india, for instance, has restricted access to some foreign apps even from china. so i do think that that would continue to be an issue. and like i said, not going away. johnson technology is becoming the new path. when you're looking at
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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 in the usa and the government and the 2020 election we've seen this and other governments, 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. this is 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 missing. we're 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. and that has become a very big issue on consumer privacy and how you,
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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 attacks. 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 companies 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 his 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 and the big issue, facebook is not allowed. google is not allowed. literally not allowed on many
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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, if a 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 has its own twitter, it has its own brands that are very much very popular with chinese citizens. and it's been 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 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,
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including somebody's restrictions. i guess 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 city like texas tends to florida out sourcing 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 lead to a recession? all because of out sourced jobs. well that was actually contributor maybe 20 years ago, the outsourcing of dogs, where we saw manufacturing and many, many service jobs will receive. and really, bert, the us economy, some of that is starting to come back under re shoring. so out sourcing is not a big deal. that once was reassuring, it's become a very popular phrase and you see more and more of the jobs come back. so i think
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yeah, 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 still on part about it spread to places like austin, texas and i'm leaving ohio, columbus, ohio. it's for exploit elsewhere, you know, and there are places where there is a lower taxes, and there is a tech of developing around universities around tech clusters around companies operations that can push the innovation thing locally. so yeah, definitely we are seeing packed 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 poise to be ahead of the game moving forward or more most welcoming to the tech industry?
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well, israel is israel has its own very strong r v capabilities and very strong tech talent. but they don't have the local market, it's small country. so israel has to depend on other markets and solid products. and so that, that is a market that is very open to having it cost water sales and marketing and innovation. so i would say israel is probably in the lead there. it's a real off the roads market. there's a 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 in everyday people's lives to technology have the most opportunity still for development. like what you said, the i phones have their calendars, the office space, everything else has become so entrenched in tech. where's the greatest opportunity
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for the future of probably the metaphors 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. but they certainly talk that fight in their faces, but still primarily it's fighting and, and i think we'll see other interfaces develop and we'll see the internet develop. it's more of the part of ours, what they call immersive life. right. that we're immersed in it right now. we're kind of, there's a 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 its members
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univers. oh, thank you. rebecca fan in for giving us your insight today. in the old 1900 eighty's sho, 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 had 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 to survive. you need to have someone who has not only a visionary, they will thrive in which one will fall to the wayside. is a leadership grow as it is infused in every other industry around the world. even
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with unpractical, unpredictable economies. i am certain when turning their jobs quite too well. it has been your 360 view. i'm scotty. no huge. thanks for watching. ah huh. ah, ah, i can't imagine a situation in which turkey would be me being natal auto cross station or out of some anger or out of some grievances or out of a dispute with one or 2 nato members. we have learned how to deal with them. why not? so if they couldn't says hey say nothing is happening as destroy the american economy. my little opinion
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that you won't get anywhere else work of it please. if you have the state department, the c, i a weapons makers, multi $1000000000.00 corporations, choose your fax 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. my show is called direct impact, but again, you probably don't want to watch it because it might just change the way you think . i.
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