T-Mobile tower delays could have wide-ranging ripple effects

This week's highlights: Goldman Sachs' Marcus has lost $1.3 billion since 2016 , The 3 biggest things we learned from the Uber event, Why the Surface Duo could finally be Microsoft's winning smartphone, and much more

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WEEKEND ROUNDUP T-Mobile is scaling back on its 5G buildup ahead of the Sprint merger As T-Mobile waits for a resolution to its pending $26 billion merger with Sprint, it's slowing down plans to build out infrastructure for its 5G network. Delays in 5G buildup will push back the timeline of rollout to customers, which will save T-Mobile capital in the near term but, ultimately, it won't be able to deliver customers faster data speeds and lower latency in as many areas as competitors. A slowdown in tower buildup would also impact the firm's supply chain, and send ripple effects across its competitors. If T-Mobile isn't buying cell towers, that will mean less revenue coming into cell tower firms, which are key partners for every network operator. Business Insider Intelligence's Peter Newman has the full story. Business Insider Intelligence Daily is just a preview of Business Insider Intelligence. Get started, risk-free today to unlock research reports, briefings, industry forecasts, exclusive data, and more. BRIEFING HIGHLIGHTS Goldman Sachs' Marcus has lost $1.3 billion since 2016 It's possible that high loan default rates and the ongoing cost of retaining tech talent will remain consistent problems, or that Marcus will simply be unable to carve out a niche in retail banking against major competitors like JPMorgan Chase and Wells Fargo. Read More → The 3 biggest things we learned from the Uber event Uber announced a slew of product and service changes that appear aimed at helping it overcome immense scrutiny it's gotten, especially over the last quarter, as the viability of its business model continues to be questioned. Read More → Why the Surface Duo could finally be Microsoft's winning smartphone Microsoft announced its reentry into the mobile device market at its Surface hardware event with the surprise announcement of its foldable Surface Duo. Read More → Amazon's new wireless protocol for IoT devices will have trouble finding a customer base The standard is meant to provide connectivity options in circumstances and use cases where Bluetooth or Wi-Fi don't offer sufficient range, but many devices intended for those use cases don't have the space for a battery to support cellular connections. Read More → Revolut is hiring 3,500 new staff members as it looks to expand UK-based neobank Revolut plans to hire 3,500 new staff members as it aims to expand into 24 new markets. For its expansion plans, Revolut has partnered with Visa, which will power 75% of Revolut's cards moving forward. Read More → Amazon is looking to install its Go technology in hundreds of retail stores by 2021 Amazon is in talks to bring the autonomous checkout technology that powers its Amazon Go stores, where consumers can grab items and walk out without stopping to physically check out, to third-party merchants for the first time. Read More → Apple is allowing Siri to default to chat apps based on user behavior rather than its native apps A forthcoming iOS update this year will extend an improvement to Siri that tightens its integration with third-party communication apps, according to company sources. Read More → Wells Fargo projects up to 10% of banking jobs to be cut in the next decade Advancements in technology will lead the banking industry to see a massive reduction in headcount over the next decade, with a projected 200,000 jobs cut, according to Wells Fargo estimates. Read More → The Big Four's US wireless dominance is being challenged While the US' Big Four carriers — Verizon, AT&T, T-Mobile, and Sprint — dominate the wireless market, other players can gain a foothold by targeting niche audiences. Read More → AV regulation could be delayed due to tech underperformance Recent news of how autonomous vehicle (AV) features are performing in real-world settings could set back timelines for scaled, commercial AV launches. Read More → Did a friend forward you this newsletter? Get it daily by clicking here. RESEARCH IN FOCUS The Rise of Banking-as-a-Service Banking-as-a-Service (BaaS) platforms enable fintechs and other third parties to connect with banks' systems via APIs to build banking offerings on top of the providers' regulated infrastructure. This means banks that launch BaaS platforms can actually benefit from fintechs entering the finance space, as it turns fintechs into customers rather than just competitors. This report looks at the benefits banks stand to gain by offering BaaS platforms, discusses key players in the industry that have already successfully launched BaaS platforms, and recommends strategies for financial institutions looking to move into BaaS. Learn More → The Digital Health Ecosystem The first Digital Health Ecosystem Report from Business Insider Intelligence explores the current healthcare ecosystem, industry trends that are driving digital transformation, and where the industry is headed. We outline the role of each of the industry's major players — including payers, providers, and manufacturers — and how they're affected by healthcare's digital disruption. We also discuss the most transformative digital health technologies and outline the investment areas that are gaining the most funding to help illuminate the future path of digital healthcare. Learn More → The Social Video Report Social platforms are ramping up on emergent video formats to drive new and deeper forms of engagement across their sites and apps, yielding new opportunities for brands. This report examines how video is evolving on social platforms, and how each platform's priorities are developing and shifting as social networks seek to scale viewership on this content. Social platforms continue to undergo transitions in a bid to capture user attention, but each represents a significant key to understanding how the social video landscape is expanding and reorganizing around new formats and distribution models. Learn More → Do you already have Business Insider Intelligence access through your company? Check here. CHARTS OF THE WEEK Majority of healthcare CFOs say pros of EHR integration with revenue cycle operations don't outweigh the cons. Merchants can rack up billions on Black Friday — if they can avoid friction at checkout. Contactless penetration in the US is set to skyrocket as banks roll out new technology, but users aren't sold. 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