Ina Fried
Tech is building in the ruins again
Every 15 years or so, it seems, the US economy rolls into a ditch — and the tech industry pulls something remarkable out of its labs. Here we are again! Silicon Valley's favorite bank has failed, while its top firms continue to lay off hordes of workers — but, at the same time, industry leaders foresee vast new growth spurred by artificial intelligence (AI).
U.S. to spend $1.5 billion to jumpstart alternatives to Huawei
The federal government plans to invest $1.5 billion to help spur a standards-based alternative for the gear at the heart of modern cellular networks.
Silicon Valley's Rep Ro Khanna offers a midterm warning
Although Rep Ro Khanna (D-CA)'s district includes a wide swath of the tech industry's homes in towns like Sunnyvale, Cupertino, Santa Clara, and Fremont, he is an advocate for laws that would curb Big Tech's power. Among the restrictions Rep Khanna favors would expand privacy protections beyond California's existing law as well as a change in antitrust law that would shift the burden of proof in large deals, requiring the acquiring company to prove a deal won't hurt competition. Members of Congress have proposed new bills around privacy and antitrust and children's online safety, but so far
Coding school pushes envelope on tech access inside prisons
Incarcerated people often have limited access to technology and pay exorbitant rates for even basic communication tools, like phones. The Last Mile, a nonprofit organization established more than a decade ago to teach entrepreneurial skills to those in correctional facilities, pivoted to web development classes in 2014 because it found those skills were most effective in helping people find jobs after their release.
To trace Big Tech competition, follow the money
How Apple, Google, Facebook, Amazon and Microsoft make their revenue today shapes the battles they will fight tomorrow. For years, the largest tech companies each had their own fiefdom where they garnered the lion's share of revenue and profits. While tech companies competed at the edges, the market was big enough that each had plenty of green fields to expand into. They might step on each other's toes, but they took pains — and sometimes struck deals — to steer clear of the others' core businesses.
Another potential casualty of Ukraine war: global tech standards
Global standards ensure that things like smartphones and laptops — and even the internet itself — work across borders. "Standard bodies are essential to ensure interoperability which is critical to achieving 'economies of scale' and technology reach the masses," wireless consultant Chetan Sharma told Axios. "Geopolitical tensions have a real prospect of splintering the Internet and the wireless industry and the emergence of completely decoupled supply chains and ecosystems around the world," Sharma said.
Cassava Technologies works to bring better internet to African countries
Much of Africa has gotten a taste of the internet thanks to cellular technology, but high-speed access remains scarce on the continent thanks to a lack of consumer spending power and a fractured, unreliable power grid. Cassava Technologies, a spinout of an African telecommunications firm, aims to change that equation. Africa is home to 54 countries and 1.3 billion people and covers an area larger than India, China and Western Europe combined. That's too big a chunk of the planet to be stuck with spotty, expensive internet access. Much of the continent now has cellular access.
Coalition of nonprofits launch "How to Stop Facebook" campaign
A coalition of nonprofits debuted HowToStopFacebook.org, a fresh push to encourage greater government regulation of the social networking giant aimed at forcing the company to change its business model.