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Marketplace Tech

A boost for data privacy policy, Nvidia’s chip shortage eases and Apple steers away from electric cars

Marketplace Tech

Marketplace

News, Technology

4.51.3K Ratings

🗓️ 1 March 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

It’s Friday, and that means it’s time to dig into some of this week’s tech headlines in “Marketplace Tech Bytes: Week in Review.” Good news for Nvidia, the top chipmaker for artificial intelligence applications. There are signs that the company’s product shortage is finally easing up, as more customers nab chips to power their AI ambitions. Plus, Apple reportedly hits the brakes on plans to create its own electric vehicle. But first, there was significant movement on data privacy policy. This week, the Joe Biden administration issued an executive order restricting the sale of Americans’ data to “countries of concern,” according to the White House. Marketplace’s Lily Jamali spoke with Natasha Mascarenhas, reporter at The Information, for her take on these stories.

Transcript

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0:00.0

The US gets tough on data sales.

0:04.0

From American public media, this is Marketplace Tech.

0:07.0

I'm Lily Dramale. It's Friday and that means it's time to dig in to some of this week's tech headlines in today's Marketplace TechBites Week in Review.

0:25.5

There are signs that the semiconductor supply shortage is finally easing up as more companies

0:30.9

nab chips to power their AI ambitions.

0:34.0

Plus, Apple reportedly hits the brakes on their plans to create their own electric vehicle.

0:40.0

But first, there is significant movement on data privacy policy.

0:44.0

This week, the Biden administration signed an executive order,

0:47.2

restricting the sale of American user data to countries of concern.

0:52.0

Natasha Muscarenezas reporter at the information join me to discuss.

0:57.2

We're seeing a number of policies from the Biden administration both formal but also around you know certain companies such

1:05.8

as Tik-Tah. And so when I saw the DOJ draw up this you know plan to enforce a number

1:11.8

of restrictions my first question was okay what are the

1:14.5

countries of concern and those are very much a lot of ones that we've you know already

1:18.9

seen policies around China Russia North, and others, according to reporting.

1:25.2

And so, yeah, I definitely am seeing this as like a continuation of a lot of the policies

1:31.6

and worries that we've seen from the administration so far around data leakage.

1:35.2

Yeah, and computer hacking was already prohibited in the U.S.

1:39.2

But buying sensitive data through brokers is still legal and so that's where

1:45.1

this crackdown comes into play. Do we have a sense of why the administration is

1:49.3

doing this now? I imagine that part of it is that the administration is only seeing this worry grow. Like you said, like the fact that data brokers and companies can still sell American data to organizations that are in, you know,

2:04.8

countries that can be adversarial to the United States, especially China and

...

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