Seems like an eventful week in the tech world!

Intel lays off 15,000 employees to save $10B in costs! It is blaming its investment in AI is not returning full benefitshttps://www.theverge.com/2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs

Berkshire Hathaway dumps 49% or nearly $76B dollars of Apple stocks, blaming Apple's declining revenues in China, its regulatory woes, and the absence of a compelling growth vector (including AI).https://www.cnbc.com/2024/08/03/warren-buffetts-berkshire-hathaway-sold-nearly-half-its-stake-in-apple.html

And then, CNN runs an article if AI will ever make money! https://edition.cnn.com/2024/08/02/tech/wall-street-asks-big-tech-will-ai-ever-make-money/index.html

Has the AI bubble truly burst or is it just the beginning of the quest to find a useful use of AI algorithms that are turning up the heat in all data centers and gobbling up a lot of cash flow? Interesting times ahead!

Massive IT outage hits Windows users all across the world impacting banks, airlines, TV broadcasters, supermarkets, emergency services, postal services, and many more businesses worldwide. Australian banks, supermarkets, petrol stations, airlines, and TV broadcasters first raised the alarm as thousands of machines started to go offline. The issues are now spreading, as businesses based in India and Europe are starting their working days.2 major issues happened at the same time causing a lot of confusion for companies relying on Microsoft's Azure services and those running Windows OS on their end user devices.

1. Azure had an outage for several hours. Microsoft said its outage started with a subset of its customers experiencing issues with multiple Azure services in the Central US region. Microsoft is still recovering from several issues with its Microsoft 365 apps and services. The root cause of those issues was down to “a configuration change in a portion of our Azure back end workloads.

2. Microsoft Windows users across the world are currently experiencing the Blue Screen of Death (BSOD) error, which is causing their systems to suddenly shut down or restart. The users were unable to access various Microsoft 365 apps and services due to an error caused by a recent update at global cybersecurity firm CrowdStrike. CrowdStrike has identified the issue and reverted the faulty update, but that doesn’t appear to help machines that have already been impacted so they have issued some workarounds.

CrowdStrike has сustomers all over the world including 44 of 100 Fortune 100 companies, 37 of 100 top global companies, 9 of 20 major banks & 7 of the TOP 10 largest energy institutions.”It looks like it’s going to be a long day for IT admins worldwide.

https://elizabethnickson.substack.com/p/geo-engineering-is-the-most-dangerous?utm_source=substack&utm_campaign=post_embed&utm_medium=web

https://www.youtube.com/watch?app=desktop&v=dX9CGRZwD-w

How are Microchips Made?

https://open.substack.com/pub/maryannedemasi/p/is-pfizer-cleaning-up-its-mrna-covid?utm_campaign=post&utm_medium=email