tech

2020 tech transformation: Year in review

The year 2020 proved to be a pivotal one in tech, as companies provided essential services during the coronavirus pandemic and unveiled 5G telecom technology while facing unprecedented antitrust scrutiny and accusations of censorship amid an intense election and social justice movement.

“I think sometimes we hear that … U.S. innovation is slowing down, and I think the last year has shown that that’s not really the case,” Neil Chilson, senior research fellow for tech and innovation at the Charles Koch Institute, told Fox News. 

Chilson gave examples of the country’s rapid COVID-19 vaccine development, SpaceX’s astronaut launch in May and autonomous driving company Waymo’s recent announcement that its self-driving cars will be completely autonomous in trials in Phoenix.

“I’m pretty excited about the future. I think 2020 shows that the U.S. is still the world leader in tech and innovation, and we should continue to maintain our cultural

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Voice Recognition Tech Privacy and Cybersecurity Concerns

A new report released by Global Market Insights, Inc. last month estimates that the global market valuation for voice recognition technology will reach approximately $7 billion by 2026, in main part due to the surge of AI and machine learning across a wide array of devices including smartphones, healthcare apps, banking apps and connected cars, just to name a few. Whether performing a quick handsfree search on your phone or car command while driving, voice recognition technology has enhanced the effortlessness of consumer use. Particularly in the wake of the COVID-19 pandemic, companies that may never have considered voice-recognition technology are now rethinking their employee access control systems, and considering touchless authorization technologies, like voice recognition, as the main form of entry into their workspace, as opposed to fingerprint scanners or keypads that increase the risk of germs or virus spreading.

But while the ease and

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Clean Up Your Portfolio: The CTEC Renewable Tech ETF

ETF investors may want to start cleaning up their portfolios ahead of the New Year, with a clean energy technology fund in the Global X CleanTech ETF (CTEC) being one bright idea.

CTEC seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes, in the securities of the index and in ADRs, GDRs based on the securities in the index.

The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of technologies focused on improving the efficiency of renewable energy production and/or mitigating the adverse environmental effects of resource consumption. Overall, the fund gives investors exposure to:

  • High Growth Potential: CTEC enables investors to access high growth potential through companies at
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Supply chains will see a split, tech to play a bigger role: Investor

CEO and Founder of North Summit Capital Min Wanli speaks during Day 2 of CNBC East Tech West on November 18, 2020 in Nansha, Guangzhou, China.

Dave Zhong | Getty Images for CNBC

A split between global and local supply chains will be important in the event of another crisis like the global pandemic, said the chief executive and founder of investment firm North Summit Capital.

“I believe there’s a bifurcation of the global supply chain into global and local,” said Min Wanli of technology-focused North Summit Capital.

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

“For the critical supply systems, they’ve got to have the self-contained local ecosystem, especially in the next crisis like the … coronavirus,” he told CNBC’s Evelyn Cheng. On the other hand, the pandemic has also shown that a “resilient and also highly

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China faces the challenge of keeping Big Tech in check

Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019.

Philippe Lopez | AFP | Getty Images

GUANGZHOU, China — China’s technology giants are firmly in the crosshairs of the country’s regulators who are trying to figure out how to create a set of antitrust rules that can keep these firms in check.

Experts say Beijing will need to ensure that its drive for new regulations balances its push to become a global technological leader.

Like in the U.S., China’s tech sector has expanded via a largely unencumbered path. In some areas, regulators have already stepped in and are now stepping up those efforts.

“Like Washington, Beijing has a love-hate relationship with its tech champions,” Kendra Schaefer, a partner at Trivium China consultancy which has offices in Beijing and London, told CNBC.

“On the one

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Mixed day for global stocks amid troubles with Brexit, US tech

World stock markets were mixed Friday as European traders mulled Britain’s increasingly acrimonious war dance with the EU, while in the United States technology shares continued to pull back.

Sterling remained under pressure as Britain sparred with Brussels, rejecting an ultimatum to withdraw controversial Brexit legislation but agreeing to extend talks next week.

On the plus side for British industry, a stuttering currency — which hauled itself off multi-month midweek lows — has been helping to boost share prices of index multinational’s earnings in dollars.

Those increases helped London’s FTSE index gain ground on Friday.

After Thursday’s sterling selloff, the pound was stable on Friday amid news the British economy expanded 6.6 percent — albeit still well off pre-coronavirus levels.

“Ultimately UK investors will probably thank the UK government for pushing down sterling and allowing the FTSE the room to recover 6000 (points),” said Chris Beauchamp, chief market analyst at

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