What Biden Dropping Out Means for Markets & The IT Outage That Halted Almost Everything
Jul 22, 2024
30:43
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Topics discussed include Biden dropping out of 2024 race, global IT outage aftermath, Twisters movie success, Bruce Springsteen as a billionaire, Chinese company creating AI Avatars of deceased loved ones, and upcoming events like Paris Olympics and Bitcoin conference.
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Quick takeaways
Joe Biden dropped out of the presidential race and endorsed Kamala Harris, impacting markets and fundraising.
A global IT outage caused by a faulty update from CrowdStrike raised concerns about cybersecurity vulnerabilities.
Deep dives
President Biden Drops Out of Presidential Race
Joe Biden announced his decision to drop out of the presidential race in November, making history by leaving the race late in the election cycle. Following intense pressure and concerns over his electability, Biden endorsed Vice President Kamala Harris as his replacement, leading influential Democrats to support her, positioning her as the leading nominee to succeed him.
Fallout from Largest IT Outage Ever
A massive global IT outage caused by a defective software update from cybersecurity firm CrowdStrike affected millions of Microsoft Windows devices, disrupting industries from travel to healthcare. The incident highlighted the critical reliance on Microsoft products, raising questions about security. Despite Microsoft deflecting blame to CrowdStrike, the outage sparked concerns over cybersecurity vulnerabilities and potential future exploitation by hackers.
Resurrecting Loved Ones Using AI Chatbots
In China, companies like Silicon Intelligence are creating AI chatbots that resemble and mimic deceased loved ones, enabling digital interactions through simulations based on videos and social media data. This practice, predominantly popular in China due to cultural taboos around death and public grieving, raises ethical concerns about simulating human conversations and potentially disrupting the mourning process. This trend reflects AI's evolving role in reshaping how individuals relate to death and memory.
Episode 370: Neal and Toby discuss Joe Biden dropping out of the 2024 Presidential race and throwing his support behind VP Kamala Harris. The guys explain how this will impact markets, fundraising, and the significance of Biden releasing the statement on 'X' before anywhere else. Next, the biggest global IT outage ever happened over the weekend after an update from CrowdStrike went wrong and took out airlines, banks, 9-1-1 call centers and much more. Also, 'Twisters' raked it in at the box office and Bruce Springsteen is officially a billionaire. Then a Chinese company is creating AI Avatars to mimic deceased loved ones. And finally, what we are watching for this week.