Axios recently published a National Security Council memo considering the possibility of a national 5G network. Since that report was published Sunday, the Trump administration responded saying it has no current plans to nationalize a 5G network, according to Recode. Axios Chief Technology Correspondent Ina Fried, and The Verge Reporter Chaim Gartenberg explain what a 5G network would look like.
Fried says this would be massive, and unprecedented. "Building a 5G network takes years, it takes lots of planning," said Fried. "The whole industry is moving towards 5G very slowly and methodically. So the idea of anyone just coming in and doing it, let alone the government would be a massively bid deal."
This could greatly impact business competition among telecommunication companies explains Gartenberg. "It would mean dramatically decreased competition in terms of cell phone bills," said Gartenberg. "We never really had anything like this."
On Monday FCC Chairman Ajit Pai tweeted in opposition of this deal. Axios reports all five FCC commissioners are united against 5G nationalization.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Herald Chen, president and CFO of mobile games technology company AppLovin, spoke to Cheddar about the company's aims after its public debut on the Nasdaq.
After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos said that as executive chairman he will focus on making the company a better place to work.
Uber to consider cannabis delivery if federal legislation legalizes the industry. Cheddar's Chloe Aiello reports.
Enthusiast Gaming CEO Adrian Montgomery joined Cheddar about the esports and video game media company's plan to go public.
Coinbase has made a rousing debut on Wall Street. The digital currency exchange’s stock rose as high as $429, briefly giving it a market value over $100 billion.
CEO and founder of the autonomous vehicle startup Udelv, Daniel Laury, spoke to Cheddar about partnering with Mobileye in order to improve the tech for a rollout of 35,000 driverless delivery vehicles by 2028.
Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a cash deal worth $16 billion.
Topps, the baseball card and candy company, is putting its latest series of collectible cards on the WAX Blockchain in the form of non-fungible tokens (NFTs) — digital assets that are moving in on the world of physical collectables.
Cheddar senior reporter Michelle Castillo visited the world’s first NFT art gallery Superchief Gallery NFT
