Intel continues to pick up the pieces after announcing last week its flagship processing chip has a couple big security flaws. Archie Agarwal, CEO of ThreatModeler, joins Cheddar to discuss how the security patch may work and if Intel can turn this debacle around.
Agarwal says we'll have to wait and see if the patches work, but he advises that airlines and hospitals have the most to lose. Fixing this flaw will be expensive for companies and a massive undertaking.
In terms of how this vulnerability will impact Intel, the company insists it won't impact its financials. Agarwal says the cost to Intel could be billions and that the company may need to redo its entire technology structure. It's also got to deal with the many class action lawsuits that have been filed against the chip company.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
