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.
Several fintech companies this year plan to release credit cards that offer a percentage back in bitcoin on every purchase.
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.
Tesla delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry.
With President Biden unveiling a $2.9 trillion infrastructure plan, the old gas tax formula may not be able to serve as a matching revenue source, especially with the consistent drumbeat of growing the electric vehicle market.
Shyam Gidumal, WeWork president and COO of the Americas, talked about the latest partnership with a city to help guide more businesses back into shared workspaces.
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its virtual reality headsets.
Andrew Williamson, vice president of global government affairs and economic adviser for Huawei, spoke to Cheddar about the Chinese telecom company's lack of communication with President Biden regarding ongoing trade tensions with the U.S.
The four civilian SpaceX crewmembers joined Cheddar to talk about the historic flight to take place this September.
Michael Colglazier, Virgin Galactic CEO, spoke to Cheddar about the latest shiny space vehicle from the company and the future of commercial space travel.
Cheddar's Baker Machado and Azia Celestino break down video gaming from the console wars to the gamification of job recruiting.
