Dear Reader,
This week I’m doing something unusual for my normal schedule… I’m taking a little time off with the family. With my busy schedule, doing this takes months of planning, but it is always worth the effort.
I’m hanging out in Portsmouth, New Hampshire, with trips inland to the lakes, out on the ocean, and up to Maine as well. It’s an incredibly beautiful part of the United States. Settled in the 1600s, Portsmouth is steeped in history.
Long before the world of high tech existed, industries like fishing, shipbuilding, and lumber were the major drivers of economic growth. And all those industries still exist today. They are just far more efficient, safe, and productive due to the employment of technology.
And speaking of tech, I’ll still be with you this week on The Bleeding Edge…
Google is now taking “bribes”
Back in 2017, Reuters published a report that discussed the negative health effects of agriculture giant Monsanto’s products and the harmful chemicals it uses. And it even showed how Monsanto was trying to hide its questionable actions.
Well, it turns out Monsanto will do whatever it takes to cover its tracks…
It was just discovered that Monsanto has been paying Google tons of money to suppress that report and discredit the journalist who wrote it. Monsanto even created a website to refute the report… And it paid Google to promote its site whenever someone searched for the Reuters journalist.
Google has long claimed that its search results are unbiased. That’s clearly not true. And remember, 93% of internet users use Google as their search engine of choice. That’s an incredible amount of influence in the hands of one company.
This is just one more piece of evidence that Google cannot be trusted. As consumers, we must not forget that first and foremost, Google is an advertising company… It exists to make as much profit as it possibly can from pretty much anyone who will pay.
And the ironic part is that Google wants to be seen as a virtuous company… a company that promotes the greater good for society. And its employees want to be seen as working for a company that acts in the best interests of society. Clearly, that’s not the case. Besides, who is Google to decide what is best for society? It is clearly not very interested in free speech…
So if you would like to use an unbiased search engine, give DuckDuckGo a try. DuckDuckGo does not track you or capture your data. And I think its search results are pretty much on par with Google’s.
You can find the search engine at duckduckgo.com.
AMD just gut-punched ailing Intel
Advanced Micro Devices (AMD) just had a big product launch in San Francisco. It launched its second-generation EPYC processor… And it’s a gut-punch to the heart of Intel (INTC)… like kicking a man when he’s down.
The second-gen EPYC processor is on a 7 nanometer chip, which is the most advanced semiconductor technology available today. And it can utilize up to 64 cores.
A core is a processor within a processor. Basically, AMD’s new processor contains up to 64 supercomputers in one tiny chip.
And this new product is targeted at the only business that’s keeping Intel alive right now… the data center business.
That’s right… AMD is gunning for Intel’s market share in data center applications. This is what’s fueling the world’s cloud-based businesses.
And AMD’s new EPYC processor is hands down the best product on the market by far. In fact, Intel is more than two years behind AMD in terms of its data center technology. That’s why AMD is going to take more and more of its market share. In time, maybe all of it.
And this is a textbook comeback story.
AMD chased Intel for decades… at times, seemingly on the verge of collapse.
But AMD spent those years strategizing to take down the “Goliath.” Now that’s playing out in real time. AMD is completely changing the landscape in the hyperscale data center industry. This is a beautiful moment in tech.
This is why AMD is up 78% over the last 12 months. Meanwhile, INTC is down 6%. Simply put, AMD is making Intel irrelevant.
My advice for investors: Steer clear of Intel stock. Instead, take a close look at AMD…
The battle rages on between Kik and the SEC
We talked about messaging platform Kik versus the Securities and Exchange Commission (SEC) back in June. If you recall, the SEC is suing Kik, saying the company violated securities laws with its roughly $100 million initial coin offering in 2017.
Kik became a champion for the blockchain industry when it vowed to fight back. And that’s exactly what it’s doing…
Just last week, Kik filed a 130-page report responding the SEC’s arguments against it. Kik is taking the position that it did not conduct an unregistered securities offering. And Kik goes so far as to say that the SEC “twisted facts” in its allegations. The company also requested a May 2020 trial date.
So Kik is not backing down. It is committed to taking this to court… which will require it to spend many more millions in the process.
This is great to see. Kik is taking a stand. And it is being professional about it.
And remember, this case will impact the entire blockchain industry. The end result will have wide-reaching implications with regard to the industry’s ability to raise capital and finance innovations for blockchain technology.
This is something we are watching very closely at the Chamber of Digital Commerce (of which I’m a member). The future of the blockchain industry hangs in the balance. Expect to hear a lot more about this as the case progresses…
Live Free or Die.
Regards,
Jeff Brown
Editor, The Bleeding Edge
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