Why Cloud Computing Is the Next Regulatory Front

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 5 October 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Oct. 5. The U.K. Competition and Markets Authority is launching a probe into the business practices of cloud providers like Amazon Web Services and Microsoft. Journal reporter Kim Mackrael explains why cloud computing is quickly becoming the next front for regulators. Plus, three GOP members throw their hat in the ring for the role of House speaker. And, how the dollar continues to reign supreme, even as central banks around the world attempt to reduce their dependence on the greenback. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Sam Bingman Freed, the founder of CryptoGiant FTX,
0:03.0	promised to give away his fortune.
0:04.8	But then, everything fell apart.
0:06.6	Sam, are you an ethical person?
0:08.8	I think I've tried as hard as I can to be one.
0:11.8	He's been accused of stealing billions of dollars
0:14.1	from customers and investors.
0:16.0	Is there anything you would want to say to Sam if you could?
0:19.0	Give me my f***ing money back.
0:20.8	Now he faces a jury.
0:23.2	From the journal, this is the trial of crypto's golden boy.
0:26.4	Find it in the journal feed-on Spotify or wherever you get your podcasts.
0:30.3	What do you want to say to Sam?
0:34.3	Several House Republicans are diving into the race
0:36.9	to succeed ousted speaker Kevin McCarthy.
0:40.0	Amazon and Microsoft face regulatory scrutiny
0:42.8	over their cloud computing services.
0:45.3	And we look at whether the US dollar is losing its luster.
0:49.2	Economists and investors, they've spent a decade looking
0:51.6	at this D-dollarization trend.
0:53.6	And this worries them because this trend has accompanied
0:57.0	this backlash against globalization
	...

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