The internet of things is everywhere, even if you don't realize it. The self-cleaning coffee machine, the vacuum that cleans your house when you're away--it's all connected through IoT. Susan Galer, SAP Marketing and Thought Leadership Director, joins Cheddar to discuss the challenges, applications, and future of IoT.
Galer explains how industries such as smart cities and transportation will start using IoT to flourish. In terms of creating a smart house, she says IoT can apply to any household appliance from the stove, to a refrigerator, to the heating system. Coupled with machine learning, IoT allows items to keep track of appliances and automatically share problems with the designated party. Plus, it allows the user to save money by providing maintenance when needed.
Additionally, Galer talks about the future of IoT-enabled products with smartphone activation. By 2020, she says IoT technology will be in 95% of electronics for new product designs.
Paul Miller, certified public accountant and founder of Miller & Company LLP, joined Cheddar News to discuss what electric vehicle owners should know about tax credits and the new rules to qualify for them. "I would definitely make a phone call to your accountant ... to your CPA to ensure that you're getting the credit and it's applicable," he said.
Meta is now allowing teenagers to access its virtual reality app, Horizon Worlds, even as critics of the technology say it could have harmful consequences for mental health. Cheddar News Senior Reporter Michelle Castillo breaks down the announcement.
Elon Musk claimed that artificial intelligence has the potential to cause 'civilization destruction.' The billionaire is currently planning to come out with an AI platform, TruthGPT.
