Techstrong News Recap – October 10, 2022
On Oct. 10, William Willis covered Google’s opening of its first data center in Japan, Samsung’s hit to profits due to memory chips and how a Nigeria advertising regulator sued Meta. He also talked about how one of the worlds largest insurance companies, Munich Re, announced they will stop backing new oil fields starting next April. Finally, he previewed articles from Digital CxO, Security Boulevard and DevOps.com, which covered the future of financial transactions using smart contracts, how attacks from two cybercriminal gangs seem to be from the same source and how to prevent turnover in DevOps teams.
Transcript
Hi again, everyone here at the headlines for October 10th. First up. Google is stated will open its First Data Center in Japan by 2023 the data center, which will be located inside City Chiba.
We'll be part of Google's 730 million dollar fund to invest in local infrastructure through 2024. Google has said the new data center will help people with faster and more reliable access to its services Will Willis supporting economic activity and connecting Japan to the global economy. This will be Google's third data center in Asia after Taiwan and Singapore.
Next while lots of money is going into the construction of something conductor chip plants Global demand for memory chips seems to be shrinking as Samsung recently warned of a 32% hit to its profits. Due to weakening demand for Consumer Electronics Samsung's profits for its micro processing making business suffered sales of the electronics devices have been hit as inflation has risen and the companies that normally buy these chips have cut their purchases in plan to use their existing stocks instead. This Gloomy forecast is expected to last until early next year when things start to pick up again.
And other news a Nigerian advertising regulator has sued meta for publishing unauthorized ads with a 70 million dollar fine. Nigerian advertising Law requires Regulators to approve ads based on certain criteria, which is heavily examined advertising practitioners in Nigeria. That means and before any AD is put out it needs to be vetted and approved the lawsuit states that meta has disregarded this.
In particular the lawsuit sites as directed at the Nigerian Market through Facebook and Instagram. Next up one of the world's largest insurance companies Munich Reed has stated that it will stop backing new oil and gas Fields beginning next April the company also stated that they will no longer invest in or ensure new oil pipelines and power plants except those already under construction by the end of this year in parts of their effort to reduce the harmful effect that businesses have on the planet. On digital cxr.
We have an article looking at the future of financial transactions using smart contracts smart contracts, which are business rules written as software code and deployed using the blockchain network could accelerate business transactions with unprecedented efficiency to learn more about smart contracts. com On Security Boulevard, we have an article looking at a recent report that attributes two separate cyber criminal games from China to the same Source the report found that the tactics and procedures used by both groups strongly resembled each other and are now the two groups are now being known as Emperor dragonfly. com.
com. We have an article looking at how to prevent turnover in devops teams. com.
And that's today's text wrong news recap.
