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The Level1 Show April 5 2023: Mixed Reality, Mixed Reviews
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The Level1 Show April 5 2023: Mixed Reality, Mixed Reviews

Business and Security Stories

In this video, the hosts discuss various business and security stories that have been making headlines. They cover topics such as layoffs at major companies, the struggles of electric car companies, and a new service for alcohol delivery.

Layoffs at Major Companies

  • Electronic Arts is cutting about 800 jobs or six percent of its workforce.
  • Disney layoffs have hit NBC and ABC News as several top executives have been let go.
  • Streaming device maker Roku is cutting 200 jobs in a second round of layoffs.
  • Drizzly employees are affected by the layoff wave caused by Uber's restructuring.

Electric Car Companies Struggle

  • Lucid is laying off 1,300 employees in its restructuring.
  • Foreign cars are not selling well due to their high prices.

New Service for Alcohol Delivery

  • Drizzly is an Uber-like service for alcohol delivery that picks up from local liquor stores.

Tesla, SpaceX, and Venture Capital

In this section, the speakers discuss the popularity of Teslas among children, the success of SpaceX in the Space Race, and how recent events have affected Venture Capital.

Children's fascination with Teslas

  • Children are excited by Teslas and see them as a luxury car.
  • This excitement is like free advertising for Tesla.

SpaceX's success in the Space Race

  • SpaceX has pulled ahead in the Space Race.
  • Recent events may further cement their lead.

Impact on Venture Capital

  • The collapse of certain industries has hit Venture Capital hard.
  • Substack is inviting newsletter readers to invest to stay afloat.
  • The collapse is also revealing which divisions giant companies are ready to give up on.

Collapse Effects on Companies

In this section, the speakers discuss how company plans are being disrupted by the current economic collapse.

GitHub's Engineering Team in India

  • Microsoft's GitHub engineering team in India will be impacted by the economic collapse.

Binance Under Fire

  • Binance survived the crypto destruction but investors are pulling out after a CFTC lawsuit.
  • The lawsuit reveals concerning information about Binance that makes it an untrustworthy place to store cryptocurrency.

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Video description

https://linode.com/level1techs https://www.one-tab.com/page/HV6wPEK3QD25D0FMTdm5Cg 0:00 - Intro 0:27 - EA layoffs: company to cut 800 employees, or 6% of workforce 1:15 - Disney layoffs hit ABC News as several top executives let go: 'A necessary step' 2:27 - Streaming device maker Roku to cut 200 jobs in second round of layoffs 3:34 - Drizly Employees Affected by ‘Layoff Tidal Wave’ 4:16 - Lucid to lay off 1,300 employees in restructuring 5:27 - Virgin Orbit funding plans fail, will stop operations, conduct layoffs 6:03 - Substack invites newsletter writers to invest 7:03 - Google Assistant might be doomed: Division “reorganizes” to focus on Bard 8:12 - GitHub slashes engineering team in India 8:54 - Investors pull $1.6 billion from Binance after CFTC lawsuit 10:27 - Amazon workers fume after HR rejects petition against return to office 11:33 - More Americans are using ‘buy now, pay later’ services to pay for groceries. Here's why that's a worrying sign. 13:09 - Sam Bankman-Fried’s Legal Defense Is Being Funded With Alameda Money He Gifted His Father 14:59 - Sam Bankman-Fried paid Chinese officials $40 million to unfreeze his crypto, new charges claim 16:19 - Credit Suisse rescue creates bank twice the size of Switzerland's economy 17:47 - Amazon seller consultant admits to bribing employees to help clients 19:08 - Amazon to flag ‘frequently returned’ products you maybe shouldn’t buy 20:14 - Google says Microsoft cloud practices are anti-competitive 21:45 - Google launches Ads Transparency Center as searchable database 22:39 - Microsoft plans major platform upgrades for “Windows 12” that will modernize the OS with AI, faster updates, and better security 25:07 - Microsoft starts public preview of new Teams for commercial clients 26:00 - UK regulator sides with Microsoft over Call of Duty on PlayStation concerns 27:02 - Cryptocurrencies add nothing useful to society, says chip-maker Nvidia 28:26 - Steam will drop support for Windows 7 and Windows 8 on January 1st, 2024 29:04 - Apple introduces Apple Pay Later 29:48 - Alibaba to split into 6 companies, pursue IPOs in major shakeup 30:24 - Binance concealed ties to China for years, even after 2017 crypto crackdown 31:11 - One In Two New Npm Packages Is SEO Spam Right Now 32:07 - Epic’s hyperrealistic MetaHumans can soon be animated using an iPhone 33:24 - Sex Worker-Led Payment Platform Shuts Down After Being Cut Off by Processor 34:16 - Docker is deleting Open Source organisations - what you need to know 36:15 - Intel says power-efficient Sierra Forest chip will be delivered in H1 2024 37:49 - NVIDIA GeForce RTX 4070 to retail at $599 38:47 - Kuo: Apple Mixed-Reality Headset May Not Appear at WWDC as Mass Production Pushed Back Yet Again 39:16 - Apple employees fear MR headset could be an expensive flop 40:41 - Amazon opens its low-bandwidth, long-range Sidewalk network to developers 42:06 - Orange Pi 5 Is A Great & Very Fast Alternative To The Raspberry Pi 4 42:37 - IBM Quantum System One Deployed at Cleveland Clinic 43:18 - Starlink Rival OneWeb Set for Global Coverage After Next Launch 44:30 - United Airlines reveals first eVTOL passenger route starting in 2025 45:18 - Barred from US tech, Huawei builds EDA platform of its own 46:04 - Microsoft exploit could control Bing search results and Office 365 data 46:51 - Ransomware crooks are exploiting IBM file-exchange bug with a 9.8 severity 47:25 - GitHub.com rotates its exposed private SSH key 48:00 - Hackers compromise 3CX desktop app in a supply chain attack 48:43 - The Tinder car heist — and the plot for revenge #level1show ********************************** Check us out online at the following places! https://bio.link/level1techs *IMPORTANT* Any email lacking “level1techs.com” should be ignored and immediately reported to Queries@level1techs.com. ------------------------------------------------------------------------------------------------------------- Intro and Outro Music By: Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/