AT&T Looks to Expand 5G Reach, Though Concerns Remain
*By Conor White*
The race to build vast 5G networks may bring the promise of faster internet speeds and greater connectivity, but it's also sparked some controversy.
One source of complaint: those who shout "NIMBY", or Not in My Backyardーresidents who fear that their towns and lives will be disrupted as such vast infrastructures get built.
Melissa Arnoldi, president of technology and operations for AT&T, told Cheddar that those concerns can be assuaged. She pointed to an upcoming project in San Jose, Calif.ーwhere the company partnered with the city to ensure a smooth, safe transitionーas an example.
"We \[said\], 'Look, we will make sure that the equipment we deploy meets their standards, we will make sure it's not obtrusive to the consumers, and that it's deployed in a very safe way.'"
The San Jose agreement follows similar protests in the state. Residents of Piedmont, Calif., have been [fighting against] (https://sanfrancisco.cbslocal.com/2018/01/25/consumerwatch-5g-cellphone-towers-signal-renewed-concerns-over-impacts-on-health/) new cell towers for months, citing health concerns.
But locals aren't the only ones raising issue. Recent reports suggest that 5G could create a Wi-Fi gap, favoring those in urban cities over people who live in rural areas. [According to the FCC](https://www.axios.com/5g-digital-divide-19b70d34-4978-44df-a1cb-ae9222d113ef.html), 31 percent of rural Americans still don't have fixed broadband service, compared to just 2 percent of city residents, and some fear that divide could get worse with new technology.
But AT&T said in a [press release](http://about.att.com/story/5g_to_launch_in_more_us_cities_in_2018.html) last week that a greater 5G presence will actually bridge that disparity. Expanding to cities like Charlotte and Raleigh, NC, and Oklahoma City by the end of 2018 is one way the company hopes to do that.
The wireless giant's push for 5G only intensified after AT&T's acquisition of Time Warner, now known as WarnerMedia, in June.
"One of the key case uses for 5G will be 4K and 8K," explained Arnoldi. "So when you think about transmitting, for example, we did a trial with the U.S. Open on 4K, where we could actually help them broadcast signalsーlive broadcastsーwithout any wires."
John Stankey, CEO of WarnerMedia, has already promised the company will be aggressive in delivering new content to consumers, a necessary move in light of reports that rival Verizon is negotiating with Apple and Google to stream live TV. Verizon is also plotting its own 5G expansion around the country, signifying the rising tide of competition.
Arnoldi said she's optimisticーand excitedーabout the company's future.
"I think if you look at the content we have access to from a WarnerMedia perspective and the technology that AT&T Communications has, I think we're going to have a lot of exciting use cases in the future."
For full interview, [click here] (https://cms.cheddar.com/videos/VmlkZW8tMjEwOTg=).
Jack Dorsey has stepped down as CEO of Twitter, saying he believes the social media platform is "ready to move on from its founders". The move has many wondering where Dorsey will focus his attention next, as he is still CEO of his financial payments company Square, which is heavily involved in cryptocurrency. Doug Astrop, managing partner at Exponential Investment Partners, joined Cheddar to discuss what Dorsey's resignation means for tech investors, particularly within the crypto space.
Astra founder, chairman, and CEO Chris Kemp spoke to Cheddar's Kristen Scholer about his company's first successful launch into orbit last month, becoming the fastest space company to reach orbit using a privately developed liquid-fueled rocket. He also noted that the company's priority is to "improve life on Earth from space" by rapidly increasing the number of low-orbiting satellites to do everything from connecting people to monitoring weather patterns.
Once again, YouTube is releasing its annual list of the top trending videos and music videos that had people in the U.S. talking. Madeline Buxton, trends expert for YouTube joins Cheddar News to discuss.
Stocks closed at session lows Wednesday as investors grew skittish over the first reported case of the COVID-19 omicron variant in California. Josh Sailar, Partner at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell to discuss investor worry over the new variant, the Fed dropping the word 'transitory' to describe inflation and potentially speeding up their asset tapering timeline, 2022 predictions, and more.
The Robin Hood Foundation is New York City's largest poverty-fighting organization. For more than 30 years, Robin Hood has built and fueled non-profits across all five boroughs. CEO Richard Buery joined Cheddar News' Closing Bell ahead of his ringing the closing bell at the New York Stock Exchange and later, lighting of the NYSE Christmas tree.
Creator commerce platform LTK raised $300 million in a recent funding round, now valuing the company at $2 billion. LTK is the world's largest influencer marketing platform and is known for helping to pioneer the so-called 'creator economy.' The company helps content creators make money off of their social media posts by hosting them on one central marketplace. LTK says more than $3 million in products are bought each year on its website and app. Now, the company is looking to continue its growth. LTK co-founder and president Amber Venz Box joins Cheddar News' Closing Bell to discuss.
Microsoft recently announced the standalone Teams Essentials as businesses continue to update their practices for the new norm of hybrid work life. Jared Spataro, corporate VP at Microsoft Modern Work, joined Cheddar to talk about solutions the tech giant has rolled out in order to help underserved small and medium-sized companies continue operations seamlessly. "We're excited about the opportunity to serve their needs better, and that, in particular, is focused on their meeting and communication needs," he said. "We start with Teams, which has been a wildly successful product for us up in the enterprise space, and now we have created a form of Teams that is particularly suited for small businesses."