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Tech Accelerates Through the Pandemic, But Wary of Speed Traps
Your daily head start in the business of tech + filtered + focused
The most important thing in tech today is …
the insights unfolding on stage at the Code Conference at the Beverly Hilton in Los Angeles. The event kicked off yesterday with Netflix co-CEO Ted Sarandos, AMD CEO Lisa Su, Securities and Exchange Commission Chairman Gary Gensler and Microsoft CEO Satya Nadella, among others.
Conferences can feel like a grab bag — so many insights coming from so many different directions — but the filter I’m putting on this one is acceleration and caution. The pandemic has boosted global society’s reliance on digital technology for almost everything, just as it has also exposed supply chain bottlenecks, social media pitfalls, cryptocurrency risks and geopolitical fault lines.
Kara Swisher was kind enough to have me join her on the Code stage yesterday to interview Lisa Su, whom I’ve known since before she became AMD CEO. Some of the memorable nuggets from that conversation: The tech demand surge has been durable because of a shift in how we work, and supply won’t catch up until next year. Heterogeneous computing is the future. And a fragmented global economy won’t work — the U.S., China and other power have to get to a better framework for how to work together.
Coming up today on CNBC’s TechCheck, 11 a.m. ET / 8 a.m. PT …
AMD CEO Lisa Su, Qualcomm CEO Cristiano Amon
While you were sleeping …
Microsoft’s failed attempt to take over TikTok’s U.S. operation last year was “the strangest thing I’ve ever sort of worked on,” CEO Satya Nadella said on Monday. CNBC
Netflix said on Monday that the first season of “Bridgerton” was its most watched TV series ever, with 82 million subscribers tuning in for at least two minutes in its first 28 days on the service. CNBC
In the broader world …
Congress is running out of time to prevent a shutdown and a default. Senate Republicans on Monday blocked a bill that would fund the government and suspend the U.S. debt ceiling, leaving Democrats scrambling to avoid a possible economic calamity. CNBC