What Consumers Need to Know About Intel's Chip Flaw
Intel facing scrutiny after two major security flaws were exposed last week in its computer chips. The technology giant is issuing patches in a series of software updates. Washington Post Technology Reporter Brian Fung explains what consumers need to be aware of.
"It's a pretty big deal," says Fung. "This was a flaw not found for roughly two decades. This essentially goes to the heart of every computer that is in existence today."
Right after Intel disclosed old chips have vulnerabilities, the company introduced a new chip with AMD. Intel CEO Brian Krzanich will be delivering the keynote speech at 2018 CES in Las Vegas, NV Monday night.
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.