Techstrong News Recap – November 22, 2022

Hi again, everyone here the headlines from November 22nd. First up Elizabeth Holmes, who was the CEO for the failed startup theranos was sentenced to 11 years in prison for defrauding investors. Holmes was convicted back in January this year as part of a 15 year-long scheme claiming the company developed a medical device to do blood tests with just a few drops of blood when there was no such technology.

Over the course of those 15 years Holmes was able to draw several high-profile investors and get in the cover of multiple Business magazines. This being said though. She has since become a symbol of Deceit and the ruling showing how long-term consequences of fraud at way any short-term benefits.

Next Disney announced the ousting of CEO Bob chipek and the reappointment of Bob Iger late Sunday evening Disney made a two-year contract with Eiger to help return the company to growth with its 40% slide and shares this year. This move is reminiscent of other big tech companies bringing back successful CEOs and Times of Crisis such as with apple and Starbucks. However, for Disney they will have to cut costs after spending huge amounts of money on Acquisitions and building out a streaming business.

5 billion dollar loss this quarter spending money to attract customers and compete with other streaming platforms. There are some concerns as to whether or not this two year deal with either will be enough to transform Disney but share prices since gone up top by 10% next in the most recent FTX update. 5 billion FTX filed for bankruptcy on November 11th.

But zooming out there could be over 1 million creditors facing total losses that are already filed in US cases with FTX being in contact with multiple Regulatory Agencies around the world. Additionally the Bahamas which is where FTX is based are investigating whether or not any criminal misconduct has occurred during the company's implosion. Next up the semiconductor giant tsmc announced that they will build three nanometer chips at its Arizona Factory that is currently under construction.

Tsmc says it's three nanometer chip the N3 will offer 70% logic density gain in 15% speed improvement over its five nanometer model. Tsmc makes approximately half of the world's Advanced chips, but the dominance of Taiwan semiconductor industry brings into question. It supply chain reliance.

The Arizona plant is part of the US's strategy to increase the US chip making Several other chipmakers have started building the three nanometer chips including Samsung, which is also building a plant in the US. On digital cxl. We have an article about some of the changes that are putting autonomous vehicles on the path towards sustainable success.

AVS have the potential to transform business and economies, but the sector is still in its infancy phase. This article will look at some of the changes as far as manufacturing models and governmental policies. That could lead this Market into maturation.

com on container Journal we have an article looking at how red hat has made an update to its app modernization toolkit for openshift that will allow to add tags to make it easier to classify monolithic Java apps. Red hat is so that these tools will enable it teams to pursue a more holistic application modernization process to learn more. com.

com. We've an article looking at a survey showing how culture can be a block to devops. com.

And that's today's text wrong news recap.