Chipocalypse Now: Processor Design Flaw Affects Billions of Devices
Intel and other chipmakers are in the hot seat after a major flaw was revealed in processors used in billions of devices. Russell Brandom, Reporter at The Verge, was with us to break down the latest developments in the cybersecurity scare.
After taking a backseat following news of chip design flaws that impacted billions of devices, Apple has finally spoken up, revealing all Mac systems and iOS devices are affected. Most big tech companies, including Google and Amazon, responded promptly to the security threat. Brandom says disclosure about these kind of issues is tricky, but adds that companies must have fixes for the flaws when they make the official announcement in order to prevent attackers from compromising the devices.
Brandom says the biggest impact of the flaw won't be seen on your phone or laptop. He’s most worried about the impact on cloud services like AWS and Google Cloud.
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.
