for Brian Shilhavy
Editor, Health Impact News
America is by far the most technology-dependent society in the world.
As I reported last week, the United States has the ability to spy on its citizens at a higher percentage than even China, due to the fact that a higher percentage of American citizens are connected through technology and their cell phones than the citizens of China, where more than a third of China’s population still does not have cell phones.
There’s another way to measure America’s reliance on technology besides cell phone and Internet use, and that’s by looking at how many data centers there are in the United States that house all the server hardware needed to keep all this technology running.
In this category, the USA has no serious competitors. In fact, the US owns more data centers than almost every other country in the world combined, according to Statista.com.
These physical computers, located in physical buildings in physical locations, require enormous resources to operate, including energy resources and human resources, to keep everything running.
Almost everything that is connected to the Internet today is managed by these data centers that provide Cloud Computing.
And all these computers are mainly owned by three companies: Amazon.com and “Amazon Web Services” (AWS), Microsoft and “Microsoft Azure” and Google with its cloud services.
If an enemy of the United States wanted to completely cripple our country, including military and intelligence operations, all they would have to do is take out the data centers owned by these three companies.
The physical locations of these data centers are a matter of public knowledge, and I was able to find lists of their physical locations using their own search engines in less than 5 minutes.
AWS and Azure own the majority of servers that hold data for US military and intelligence agencies.
Do they keep this information on servers that may be housed underground in bunkers to protect them from physical attacks against their data centers?
I’m sure they do, but if their other servers in their data centers go down making the internet unusable, it will do them little good as only the people actually physically present in those data centers that could be housed in underground bunkers. access to this data, with limited means of communicating with the rest of the Internet.
The economic chaos that would follow a collapse of these data centers, which could also be crippled by a failure of the local power grid system feeding them, would be catastrophic.
Big Tech comprises most of the stocks that currently hold Wall Street.
Apple is the #1 company currently in the top 30 companies of the Dow Jones Industrial Average (DJIA), at $2.64. billion market cap, and its next closest competitor is Amgen, a pharmaceutical company, at $130.06. billion. (Source.)
And 5 of the 6 “most active stocks by dollar volume” today are tech stocks: Tesla, Apple, Nividia, Amazon, and Microsoft. (Source.)
That’s why Wall Street traders are watching this week’s Q1 2023 reports from Big Tech companies with keen interest.
As Big Tech sets the course for Wall Street, here’s why Amazon will have the most influence
Earnings Watch: After posting its biggest annual loss on record last year, Amazon is expected to be key to earnings growth; Meta, Alphabet and Microsoft are also reporting in one of the biggest weeks of the earnings season.
After a flurry of pandemic-fueled growth, the country’s biggest tech companies have been laying off workers in recent months as digital demand has slumped, while they “pivot” to much talked about intelligence artificial
This week, while talk of AI is sure to continue, Amazon.com Inc., Meta Platforms Inc., Alphabet Inc. and Microsoft Corp. they will need to put some numbers behind their recent performance. And the outcome could determine the shape and severity of an expected earnings recession for American companies this year.
Google parent Alphabet and Microsoft report on Tuesday, Facebook parent Meta follows on Wednesday and Amazon closes out the week on Thursday afternoon. While all the tech companies in this group are massive enough on their own to have a huge effect on the S&P 500’s collective results, Amazon might be the most influential.
The online shopping and cloud computing giant posted its worst annual loss on record last year as the valuation of investment Rivian Automotive Inc. fell and growth slowed in its business.
Wall Street is expecting a big rally this year, and the S&P 500 is counting on it. (Full article.)
The Big Tech crash that began last year has led to more than 173,880 layoffs so far this year, which is more than ALL of 2022. (Source.)
The main thing keeping the tech sector going right now is all the chat AI hype, where Big Tech is investing billions of dollars to develop and still doesn’t have a working model to produce revenue .
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Posted on April 23, 2023