Sprint's 'Curiosity' Aims to Advance an IoT-Connected World
*By Samantha Errico*
As our world becomes more digital, companies are increasingly turning to the "internet of things" to inform their business practices. One such company is cellphone-service provider Sprint, which recently announced a "Curiosity IoT" platform ー a network designed to turn sensor data into "actionable intelligence," according to the chief of products and solutions at the IoT division, Ricky Singh.
Although the project is still in its early stages, Singh hopes that this core network will "create an intrinsic part of the ecosystem that helps bring solutions to bear that do impact our lives positively."
The internet of things, Singh told Cheddar, is enabling smart homes and smart buildings to be safer and more efficient. For example, IoT sensors can send users a phone notification when a person arrives at office ー those censors can also dim the lights when that user leaves a common area in his or her office building.
On a fundamental level, Singh said, IoT aims to create new experiences and services for guests, up the levels of efficiency for building owners, and reinforce safety and security for tenants.
"We're seeing traditional work spaces being evolved in more collaborative fashions ー you go there to interact with your co-workers rather than sit at a desk and work," Singh said. "And for the gig economy specifically, we're seeing the rise of companies like WeWork that provide co-sharing spaces that are all sort of powered in many ways by IoT. "
"Digitization of everything has really impacted what going into the office or building means for us," Singh said.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
