Oct 10, 2018

Why the race to 5G is a bet on a multitrillion dollar economic impact

HTML EMBED:
COPY

The next generation of wireless technology, 5G, could be a huge deal. The speed and the number…

The next generation of wireless technology, 5G, could be a huge deal. The speed and the number of devices that can be connected could spawn new businesses we haven’t even thought of yet. Last year chipmaker Qualcomm and tech research firm IHS Technology put out a report that said 5G could enable $12 trillion in economic output across the world by 2035 and add some 22 million jobs. The report compared 5G to electricity. Compare that to 4G, which, just in the U.S., contributed about half a trillion dollars to the economy in 2016. And even a whiff  of that potential is why there’s a race to get to 5G first between companies and even countries. Molly talks with Scott Tong, Marketplace reporter and former China correspondent. He says the U.S. won the race to 4G, and China doesn’t want that to happen again. (10/10/18)

Listening makes you smarter…
donating makes it all possible.

Our mission is to raise the economic intelligence of the country, exploring the intersection of the economy, tech, and our daily lives. As a nonprofit news organization, we count on your support – now more than ever before.

Secure the future of public service journalism today when you become a Marketplace Investor.