Breaking Down Intel CEO's Response to Chip Debacle
Intel CEO Brian Krzanich opened his CES keynote speech addressing the chip flaw the company disclosed to the public last week. Alex Hamerstone, Practice Lead for Governance Risk Management and Compliance at TrustedSec, joins Cheddar to discuss whether he believes Intel can win back its consumer confidence.
Krzanich says he expects to issue updates to all of its processors released in the last five years before the end of January. Hamerstone says this will go a long way in solving the problem with the chips, but there are many other issues Intel needs to deal with.
This is a vulnerability that is different from we're used to seeing on the news. It allows access without a lot of restriction to machines that house the software. Intel said that the update it issued won't impact the average user, only those who are highly workload-dependent. Hamerstone, though, notes that average users do operate with a lot of workloads and that a lot more people will be impacted by the update than Intel's initial statement suggests.
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
