i'm sky now, he is on today's episode of 360 to you. we're going to ask if the rumors are big texter mize are premature or wake up call for more responsible planning in the future. let's get started. ah. as massively off from big tech are being seen around the world, is this a sign of a global recession or national coursework works on a salon or takes a look with this report? well, we are seen massive layoffs from all the big names in the tech industry. as elam musk is trying to rationalize his $44000000000.00 purchase of tweeter by lane of half the workforce. i'm a son which had been one of the few companies who searched during the pandemic is now announcing the late off of $10000.00 employees. meda whose main product is

facebook is suffering from our post privacy update and has announced lay offs of 30 percent of staff that he's coming. many are starting to doubt the strength of the technology sector going forward. these companies claim the lay offs are part up a move to prepare themself 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 when viral for posting day in life on takes us, showing them self playing games, taking naps, and 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. i'm a son is the only one who could really be a sign of the times. the company was marketing and 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 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 tick could be the 1st symptoms reveal, but an upcoming global recession. for $360.00 view,

i'm brooklyn of fillin. thank you santa joining 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 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 it turned 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. this technology, so 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 tv is 20 years ago, 10 years ago, i think back to the 95060 technology was a television that had 3 channels on it. mike, we have a freezer wash 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 speak and mark 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 assess you. wow. you think, oh, that's a good thing, right? okay. see if it's technology is just surrounding us today from gaming our communications to live streaming, to, you know,

various internet platforms that continue to be innovative, such as the metaphors, which we're all going to be swimming in 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 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 from? well, if you look at tick tock, tick, tock is from china. and it's grabbed ahold of the u. s. 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 market can take all across the oceans 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 worked very slowly . and now today it travels in 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, 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

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 trying to 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 conduct, is 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 you see and tell 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 intel starting construction. but there are others in the conductor plans that are developing in the us as well. so just 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 to talk 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 our concentrated into you players are acquisitions are start outside that are being bundled into the big players. and i think that that actually hurts innovation in the long run. ah, where startup 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 yeah, once they become baked into another company, sometimes they lose that innovation alter, ah, and they get sucked into this corporate culture. and so i think it's a negative or innovation overall. absolutely. thank you,

rebecca. okay, the 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 ah

ah, the i can't imagine a situation in which target would be me being natal auto cross station or out or from anger or out of some says or automate dispute with one or 2 natal members. we have learned how to deal with them. why not? so if they basically do something nasty to us, we can do something more nasty to them. the news ah, welcome back. i'm going to have you're watching the 360 of you. we're going to continue our discussion regarding the rise and possible fall of big tech,

which will pick a fan and who are the journalists to specialized in the tech industry and author of her new book, silicon heart land transforming the midwest from rust belt to tech belt can now be found on amazon, talks about it. silicon hard land is on pre order at amazon right now. and barnes and noble and many other sites. you know, 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 i don't on the china, broads. obviously there are lots of issues there and side in the us. us to china with roadblocks and restrictions over technology crossing borders and the

most sensitive, 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 frictions are going to continue the rise. and you also see other countries pushing back against other markets coming in and trying to dominate their own market. so you can see that going on as well. so india, for instance, has restricted access to some or an even from china. so i do think that that would continue to be an issue. and like i said, not going the way in a chance in 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 and 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, which, you know, twitter is it's happening in other industries and should they be concerned about it? what can they even do about while 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 it's 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 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'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 its operations? or do they already rely too much on various governments around the world in order for their business to even exist? well, china that's played out. it's a big issue. facebook, it's not allowed a google, it's not allowed later. it's not allowed on 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, your,

what if the government says 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 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 interests. 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 some restrictions 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 said to me like texas, tennessee, 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 bert, the u. s. economy, some of that is starting to come back under re shoring. so our sourcing is not video 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 and

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 back. 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. it's the real off for market services, 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 every day, people's lives, just 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 and tech. where's the greatest opportunity for the future of probably the metaphors where.