Week in Review, April 3 - 7, 2023
Top Tech Minute, as heard on America in the Morning for the 1st week of April, 2023
Thank you for subscribing to the Top Tech Minute. We can review for more top tech visit the top tech talk show dot com and subscribe and share with your friends. Here's the tech news from April 3rd through the seventh of 2023.
Streaming Media Mega-Site. Netflix has announced a restructuring of its film group, resulting in layoffs and the departure of two of its most experienced executives.
Netflix said they will combine their small and mid-sized picture production units, cut a few jobs and scale back their output to ensure high quality titles and a centralized decision making process. They are said to be focusing on revenue growth and cutting password sharing in fierce competition with Paramount Plus and Disney Plus. Gaming manufacturer Activision Blizzard is facing a lawsuit by the Communication Workers of America Union.
The Call of Duty game maker was accused of a series of illegal labor practices, including that they used security staff to keep tabs on their workers during the lockout. The union has sought to organize the video game testers and other employees at the company and its subsidiaries. The Israeli tech sector reels from SBB collapse. Given that it was the go to bank for Israeli startups over 7000 companies in Israel were affected by the collapse of the Silicon Valley National Bank.
This factor, coupled with the proposed judicial reform, could send a shockwave into Israel's economy. Given that tech startups are 15% of their economy and 25% of the government's tax revenues. Writer Systems announced Monday to release 4000 vans into its rental fleet. The move comes as the trucking industry is expected to face tough regulations at the end of this year.
Reiter is planning to release the zero 600 electric vans in California, Dallas-Fort Worth and New York City later this year. And Twitter has changed the logo on its web and mobile browsers to the Doge meme icon representing Dogecoin, which sent the Altcoin Crypto up 20% in just 30 minutes. The new Ralph Lauren store in Miami is going crypto.
The new store in the luxury focused design District will accept cryptocurrency payments and serve as a focal point for a targeted push into the city's active Web3 community. Ralph Lauren formed a partnership with Bitpay the Crypto Payment Service and will accept Bitcoin, Etherium Polygon and Dogecoin as well as others. President Biden said on Tuesday at a meeting of the President's advisors on Science and Technology that he believed that technology companies have a responsibility to ensure that their products are safe before making them public.
This was in response when he was asked if I was dangerous and said it remains to be seen. It could be. Bitcoin is trading up 2% at 28,200 and Etherium is up 4.3% at 871. In an unprecedented international law enforcement sting, Britain's National Crime Agency and the FBI have cracked down on a Darkweb marketplace in a sting called Operation Cookie Monster.
It is believed to have been the host to over 80 million credentials stolen from 2 million people. US Justice Department Deputy Attorney General Lisa Monaco said that many of the forum's users were arrested on Tuesday and met a corporation parent company to Facebook and Instagram intends to use proprietary generative A.I. to create advertising for companies by the end of this year.
Advertising is already a major revenue stream for MITA, and they believe they can make images for companies that work for different audiences and could save a lot of time and money, according to Mita, Chief Technical Officer Andrew Bosworth. The US Department of Treasury said on Thursday that scammers are using decentralized finance services to transfer and launder their illicit proceeds.
The Treasury also found that illicit actors are exploiting vulnerabilities in the US and foreign anti-money laundering systems. These so-called DEFI platforms allow users to lend, borrow and save. Usually in crypto assets and stablecoins. Another fallout from the FTC's collapse. The grant making body known as the FTC's Future Fund has left some research at top universities without the funds that they were promised and others trying to repay grants before they are ordered to by the courts.
The team behind the fund, announced via a blog post that they had resigned and would be unlikely to be able to honor those commitments for those grants. Bitcoin trading at 28,025 and Etherium at 870. Be sure to tune in to Westwood One's America in the morning at 5 a.m. weekdays on your local radio station.