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.
Cheddar anchors Kristen Scholer and Hena Doba break down the global chip shortage and how one company in Taiwan, TSMC) controls most of the world's supply.
Cheddar Climate is highlighting the automotive industry and the steps its leaders are taking to reduce carbon emissions.
Jesse Ortega, executive chief engineer, about Chevy's electric SUV offering and its ambitions for expanding its brand in combatting climate change.
Nadine Philipp, head of sustainability at BMW, spoke with Cheddar about the luxury car brand's deal with Emirates Global Aluminum.
Beachbody is hitting the public markets in a three-way deal that values the fitness and nutrition business at $2.9 billion.
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.
Bumble, known for letting female users make the first move, opened on the Nasdaq at $76 per share on Thursday afternoon.
Cheddar explains the Lightbulb Moment when Hedy Lamarr, the international movie star, formulated the basis for the wireless networking tech the world uses today.
Marc Randolph, co-founder and former CEO of Netflix, thinks there's only one other challenger to the streaming pioneer among other services like Disney Plus, Amazon Prime, and more.
Wellness 4 Humanity is testing out COVID-19 related vending machines. Items include tests kits and PPE. Cheddar's Chloe Aiello reports.
