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Media & Comm, most read: News from SXSW; Apple's push for 5G modem

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Media & Comm, most read: News from SXSW; Apple's push for 5G modem

Here are the most read stories of the week.

SXSW: 'Enormous' opportunity for bankers willing to embrace fintech

While banking institutions often view financial technology companies as competitors, there is an untapped opportunity for both sides to work more closely together, said bank executives at a March 11 South By Southwest panel discussion on innovation. Small institutions benefit from partnerships that help build technological resources and expertise, while larger institutions — which are far more active in financial technology today — can leverage partnerships for targeted services and solutions, the executives said.

SXSW: Venture capital looking for targeted enterprise AI opportunities

There are many burgeoning opportunities in artificial intelligence, but venture capital investors during an SXSW panel agreed they all hinge on targeted applications and access to data. Since most of the data in the world is proprietary or regulated, it can be difficult for small companies and startups to access enough data to properly test and demonstrate their AI products, so access to a large data set is very helpful for VC interest.

Comcast Cable CEO: 5G cannot compete at scale with cable broadband

Although top U.S. wireless carriers have touted next-generation 5G wireless technology as a potential new challenger in the home broadband market, Comcast Cable CEO and President David Watson said he is confident the cable giant can withstand the competition. Speaking during an industry conference, Watson said while mobile operators might try to use 5G services to offer broadband services in select areas of the country, Comcast Corp.'s advantage lies in the robustness of its network.

Analysis: Push to break up big tech faces long odds

There is a growing bipartisan sentiment that big tech companies have too much power, but antitrust experts say ambitious proposals to crack down on their market power, such as a recent one from U.S. Sen. Elizabeth Warren, D-Mass., face long odds. The senator, who is running in the 2020 U.S. presidential election, recently unveiled a proposal outlining her vision for antitrust enforcement against big tech.

Analysis: Apple positioning to take charge of homegrown chips with 5G modem

Apple Inc.'s hiring efforts suggest it is looking to develop a 5G modem for its iPhone and other hardware. With a homegrown cellular modem, Apple would get control of designing key parts that comprise the guts of its mobile devices and cut some costs.