Technology
Issue IX
Dear Reader,
Welcome to the Technology Column of the Wesleyan Business Review. We strive to explore how cutting-edge technology is transforming the world of business. In recent years, the development of artificial intelligence has stimulated economies worldwide, offering hope to investors, business owners, and municipalities alike. In our rapidly changing environment, staying informed about innovations in the digital realm is essential. Join us as we discover and analyze the technological landscape that is reshaping our world.
David Tirrell ‘25, Tyler Cosgrove ‘25 and Fritz Hauser ‘26
Co-Executives and Assistant Column Leader, Technology
Issue VIII
Issue VII
Issue VI
Issue V
Issue IV
Issue III
Dear Reader,
In our new normal caused by the COVID-19 pandemic, we are interacting more and more with exciting new technologies every single day. As the new Executive Editor of the Technology Column, my hope is to curate a column covering the most relevant and pressing issues concerning the crossroad of economics and technology that will certainly have profound impacts on our everyday lives. Most importantly, the greatest aspiration of this semester’s Technology Column is to provide Wesleyan Students with a platform to publish their opinions on the dynamic world of Technology. After reading this semester’s third issue of WBR and the second edition of the Technology column, my hope is you will walk away not only well versed in the hype trains of Bitcoin and NFTs, but also conscientious of the global impacts of this crossroads from China’s regulation of FinTech to Intel’s possible demise. Enjoy!
Sincerely,
Kye Yu ‘24
WBR Executive Editor of the Technology Column
It has been a bad year for Intel. Despite the Silicon Valley Giants near record-high stock price, Intel could be on the defensive and playing catchup in the industry it once dominated.
The Human Genome Project, a $3 billion project that took place from 1990 to 2003, sequenced the human genome for the first time. With significant advances in computing capabilities, the cost of producing a high-quality ‘draft’ human genome sequence has drastically decreased, costing only $1,500 in late 2015
While there are many reasons for the mammoth influence of Chinese companies, Ant Group’s story serves as a great anecdote for how and why these giants rise and fall.
In September of 2020, Snowflake had an immensely successful IPO starting at $120 per share and rising as high as $245.
Mike Winkelmann, known to many as “Beeple,” just became the third most valuable living artist in the world. His latest piece sold for a whopping $69 million.
Bitcoin is about to run into the greatest challenge the cryptocurrency will ever face - economic policy and regulation.
Issues I & II
Due to Issue I not having dedicated Columns, the Wesleyan Business Review has designated Issues I articles deemed as part of this column together with Issue II.
Dear Reader,
As the head of the Technology Column, I am fascinated by the evolution of the tech market sector and how it continues to grow, innovate, and transform. My goal for this column is to inform the Wesleyan community about the impact and prevalence technology market trends have on the global success of the economy. I really wanted to incorporate our writers’ interest regarding the latest tech headlines into a diverse array of articles that accurately portrayed the strength as well as versatility of the technology sector. Within the column, we cover everything from the financial impact COVID-19 had on investors reliance on the NASDAQ to how Zoom single handedly transformed working remotely. I hope you enjoy reading our take on how technology innovation continues to revolutionize consumers decisions, influence market swings, and spark ethical debates.
Sincerely,
Nick Wallick ‘22
WBR Technology Column Executive Editor
Apple, Amazon, Google, and Facebook have taken full control of the technology market and subsequent consumer brainpower through their lucrative data-driven engagement strategies, leading to unprecedented profits, political censorship, and psychological dependence.
The coronavirus pandemic has brought about a dramatic change in all human activities worldwide. The education sector has been one of the most impacted sectors, as people navigated the experience of transitioning from in-person schooling to an online format. At the heart of this change has been one company and its video conferencing product: Zoom.
After 9 months of the pandemic, how did a country with 23 million people and such close proximity to the COVID-19 outbreak manage to have so much success in fending off the virus? Moreover, how did Taiwan’s robust response to the pandemic help further monopolize Taiwan Semiconductor (TSMC), the industry leader in global semiconductor manufacturing?
So, how do the tech sector and market move together? Why did the tech sector rebound so much stronger and quicker? What was this recent volatility about, and what does the future look like for the tech sector?
Despite revolutionizing the transportation industry, these ride-sharing giants are facing hard times and low stock prices.