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Motley Fool Hidden Gems Investing

Containing Big Tech

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 24 September 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

When your information is everywhere, is it possible to rein it back in? Deidre Woollard caught up with Tom Kemp, a cybersecurity expert and author of “Containing Big Tech: How to Protect our Civil Rights, Economy, and Democracy.” They discuss: - The implications of biometric data collection in a world where big tech runs rampant - Which companies are getting the privacy game right (and wrong) - Angel investing, and workarounds to weak links in existing cybersecurity systems Tickers discussed: META, AAPL, AMZN, GOOG, GOOGL, MSFT Host: Deidre Woollard Guest: Tom Kemp Producer: Mary Long Engineers: Dan Boyd, Kyle Carruthers Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

That tells you that there is a hunger for privacy that people do not want to have third-party

0:08.6

entities tracking them and selling the data to data brokers.

0:12.6

Do we really need to have all these apps leaking out our precise geolocation to conduct

0:19.0

commerce in the United States?

0:22.4

Does the answer is no?

0:30.2

I'm Mary Long and that's Tom Kemp, a cybersecurity expert, angel investor and author of the new

0:35.3

book, Containing Big Tech, how to protect our civil rights economy and democracy.

0:40.9

Teacher Willard caught up with Tom to talk about biometric data and new frontiers in the

0:44.9

battle for privacy, how AI regulators could find inspiration from the grocery store, and

0:50.7

some perfect world solutions that balance data collection and personal privacy.

1:10.0

I really enjoyed the book and I just want to start with the most basic thing, the title,

1:14.0

so Containing Big Tech, what is it and why is it necessary?

1:18.1

Absolutely, so as you mentioned, we have five big tech companies, we've got Meta, Apple,

1:23.7

Amazon, Microsoft and Google, and they've certainly built innovative products that improve many

1:29.2

aspects of our lives, but what we're now seeing is becoming more aware of is that their intrusiveness

1:35.7

and our dependence on them have created some pressing threats to our civil rights or economy and

1:41.4

democracy and those threats include the over-collection of our data, the potential problematic ways

1:48.8

that AI can be used, and the stifling of competition and entrepreneurship due to their dominant

1:54.8

marketing position. So with this book, I wanted to expose the consequences of big tech's digital

2:01.1

surveillance, their use of AI, their monopolies, but I also wanted to provide solutions and I think

2:08.3

by containing the excess as a big tech, I believe we can ensure that our civil rights are preserved,

2:14.1

economy is competitive and healthy and our democracy is protected.

...

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