Communities around the country are beginning to recognize the importance of computer science education, but only one city is devoting an entire month to the cause. Chicago City of Learning's Sybil Madison-Boyd joins Cheddar to tell us all about the Windy City's Month of Code initiative. She explains how the program's activities are helping to close the education gap.
Madison-Boyd reveals how coding helps children discover new opportunities and open doors. She gives a rundown of some of the programs and activities keeping families entertained and informed as they learn what she calls, "the language of the future." The director stresses the importance of equal access to education and shares inspiring stories of how children are responding to the program.
It's not Chicago's first time encouraging its youth community to learn to code. Madison-Boyd discusses the decision to expand the week-long initiatives into an entire month. She also gives tips on how other communities can borrow from Chicago's lessons and promote computer science education in their own cities.
Neonvest is a platform connecting startups and entrepreneurs with experts in the VC space. The startup says it's in the process of raising a seed round of approximately $2.5 million from a mix of angel and institutional investors. Aakash Shah, co-founder of NeonVest, joins Cheddar News' Closing Bell to discuss.
The Bill Gates-founded Breakthrough Energy company invested $80 million in Verdox Inc. to facilitate efficient, lower-cost technolog to remove carbon from the air and emission sources. CEO of Verdox, Brian Baynes, joined Cheddar News to discuss the investment, how the company's tech works, and where he sees it going. "We anticipate that with technologies like ours, we potentially can get to the scale of about a million tons per year within 5-10 years," he said. "And then ultimately we need to be doing this at the scales of billions of tons per year and ultimately about 10 billion tons per year in the year 2050."
Amazon closed its deal to buy MGM's many content brands for $8.5 billion, and Michael Pachter, a managing director at Wedbush Securities, joined Cheddar News to discuss the e-commerce giant's second-largest acquisition to date and how he thinks it will all pay off. "To make a movie today, you just can't even think about it for less than 30 million bucks, so 4,000 movies, I mean that's several billion dollars worth of assets," he said, noting how it would also add to Amazon's little-known ad-supported IMDb TV service. "I don't know that the IMDb TV guys actually talk to the Amazon Prime Video guys, but a lot of content, it makes the value of a Prime subscription much, much greater, and people are far, far less likely to churn even if they're only buying one package every three months."
Beer brand Heineken recently revealed its foray into the metaverse was something of a joke, but how serious are brands taking the latest craze in general? Cheddar's Alex Vuocolo takes a closer look.
