Techstrong News Recap – March 20, 2023
On March 20, William Willis covered Samsung’s $230 billion investment in building South Korean chip manufacturing plants, the U.S. demanding TikTok be sold to avoid a nationwide ban and the Silicon Valley Bank’s parent company filing for bankruptcy. He also talked about Baidu revealing its AI chatbot called Ernie. Finally, he previewed articles from Security Boulevard, DevOps.com and Container Journal, which covered a Security Boulevard Blogwatch on the increase in cryptocurrency fraud in 2022, Grafana Labs announcing its acquisition of Pyroscope and CI/CD in cloud-native environments.
Transcript
Hi again, everyone here the headlines from March 20th. First up Samsung Electronics is planning to invest approximately 230 billion dollars and a new project to construct the world's largest semiconductor manufacturing base in South Korea. This initiative is part of a broader national campaign aimed at promoting technology Industries in South Korea.
Samsung will be constructing five new semiconductor plants in the jong-ji print Province by 2042. The objective is to encourage 150 other companies to participate in the project focusing on producing materials or components or designing Advanced chips. The new plant will manufacture both computer memory chips and logic chips demonstrating Samsung's ambition to expand its presence and advanced chip production.
Among the chips that will be created includes those used in 5G wireless networks artificial intelligence and self-driving cars. South Korea has also stated that it will invest in the project and provide increases in tax deduction rates to expand its production of chips. This comes in South Korea is trying to become a major player in the chip space as other countries are doing the same thing with like the US with its ships Act.
Next the bided Administration is increasing its effort to pressure tiktok to be sold from its parent company in order to separate cell from this Chinese ownership warning of a possible ban if the company does not comply. Tiktok confirmed that it received the request but said that selling app would not affect its data flows or access. The US government has asked the committee on foreign investment in the US to oversee the sale of tiktok.
However, tiktok claims that is implemented its own measures to regulate content without being sold including an audit by Oracle. Tiktok is also launched project Texas to help make us operations more transparent and accountable. This comes as tiktok has already been banned on government phones in the US Canada and the EU as it continues to face increased scrutiny additionally tiktok.
CEO is scheduled to testify before a congressional committee next week. In other news SVP Financial Group has filed for chapter 11 bankruptcy protection in the southern district of New York's us Bankruptcy Court. This move comes a week after regulator sees control of the parent company of Silicon Valley Bank, and it's Affiliated entities.
The purpose of the filings to enable the company to resume operations while looking for potential buyers for its assets which include SVP Securities and suvp capital. 3 billion dollars in unsecured notes. This being said the sale of assets that will occur during the chapter 11 process will require their approval of the Court.
Next up Baidu the Chinese search engine giant has revealed its latest AI chatbot Ernie in a much anticipated. Launch. Ernie is seen his China's closest competitor to open ai's chat GPT, which is gained significant attention within the AI community.
Despite battery's efforts to Showcase Ernie's capabilities, the chatbots presentation left industry observers feeling underwhelmed as it only featured pre-recorded responses to prompts in five different areas. Currently Ernie is only available for testing through invitation and people who are interested in must join a waitlist. Experts believe that for Baidu to use Ernie bot to build an application ecosystem it much demonstrate stronger performance in areas such as reasoning and following instructions.
However, the launch marks an important step for Baidu in the highly competitive field of AI chatbots on Security Boulevard. We have a security Boulevard watching at a huge increase in cryptocurrency investment scams. Online and phone fraud is getting out of hand with Americans losing approximately 10 billion dollars from scams in 2022 alone.
This article looks at some of the community's reactions to this news to learn more go to Security Boulevard calm. com we've an article that looks at how grafana laps acquired pyroscope in order to better integrate pyroscopes continuous profiling project with grafana Labs continuous profiling database. com.
com. And that's today's texturung news recap.
