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tv   Bloomberg Technology  Bloomberg  October 28, 2016 11:00pm-12:01am EDT

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mark: you are watching bloomberg technology. let's begin with a check of first word news. hillary clinton's campaign chairman says the fbi should provide details about newly discovered e-mails the bureau is investigating. he was responding to a letter from fbi director james comey informing congress the e-mails will be reviewed to determine whether they contain classified information. in july, the fbi concluded a probe of clinton's use of a private server while secretary of state. we will have more on this story coming up. the united nations human rights office says it islamic state militants are using tens of thousands of iraqi civilians as human shields. the u.n. says it's occurring in and around mosul, where iraqi and us-led coalition forces are attempting to drive militants
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from the city. russia has been accused of war crimes in syria, has been voted off the u.n. human rights council. the caretaker leader lost a lost a confidence vote on thursday. tomorrow's socialist party rivals have agreed to abstain in the second vote. that should give him a simple majority. he has been a prime minister for 10 months. no party could gather enough votes to form a government. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. bloomberg technology is next. ♪ emily chang and this
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is "bloomberg technology." more e-mails coming back to haunt hillary clinton. a new inquiry there is a throws thehe back -- controversy back into the presidential race. eight tech earnings bonanza this week. some of the biggest names reporting. we will look at the winners and losers. after qualcomm announces the biggest deal in the chip in history, the ceo gives us his take on the future of computing. to a rapidly developing story. u.s. stocks took a hit on friday afternoon after the fbi three opened his investigation into hillary clinton's use of a private e-mail server ball serving as secretary of state. director james comey said in a letter to congress, "in connection with an unrelated case, the fbi learned of the existence of e-mails that appear to be pertinent to the investigation. that case is a probe of a clinton aide's estranged husband, former representatives anthony weiner who is being investigated for sending illicit
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text to an underage girl. joining us is mark and john. what is your take on just how consequential this new information actually is given the fbi is releasing this 11 days before the election? >> the timing makes it potentially very consequential but we don't know enough about what is going on here to say whether or not it will be as consequential as it could be, potentially because of the timing. this is a story with a lot of ambiguity. the reporting seems to suggest what the fbi is looking at are not e-mails sent from her private server, but it is connected to the anthony weiner case. over the course of the next 24 to 48 hours hopefully it will know more than we know right now and be able to take its political measure a little better. emily: hillary clinton retweeted the statement.
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the director owes it to the american people to immediately provide the full details of what he is now examining. we are confident this will not produce any conclusions different from the one the fbi reached in july. the public not having more information now that they have released a little bit of information, could potentially have a dramatic impact on the election. what is the likelihood this will actually be resolved in 11 days? >> it seems unlikely. we don't know what prompted the director to write this letter to capitol hill. therefore perhaps he will be prevailed upon to write another letter or make some public statement. the ball is in director comey's court. you will see the trump campaign deal to make political hay out of it by raising concerns about what hillary clinton might have done, what possible investigative avenues this could lead down, and it will put the clinton campaign in a tough position. i don't think there is much they can do to take this story out of the front pages without clarification from director comey.
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it can have an effect on the rate. they can inspire republicans, to press some democratic voters, and perhaps cause undecided voters to say they don't want more of hillary clinton. if you look at the state of the rate before this expose of development, most of the data suggest that hillary clinton was in a commanding position. does she lose her commanding position based on what is happened so far? i don't think so. it does put her in her campaign on the defensive with very little prospect of talking about anything else to break through to voters for the foreseeable future. emily: at the moment this doesn't appear to have any connection to the daily diet of e-mails that have been released by wikileaks. i did speak with kim dotcom where he is under house arrest in new zealand about julian assange. he said he would be hillary clinton's worst nightmare. he tweeted today, hillary will get busted by the same mass surveillance system the u.s.
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government used to spy on me unlawfully." what you make of those remarks and how damaging has wikileaks been? >> at this point the revelations of nothing very damaging to hillary clinton at all. as mark suggested before, rolling into today hillary clinton was ahead by a comfortable margin and was on offense. as of this moment she still has that margin and is on defense. the e-mails of an rolling out for a couple of weeks. although it they have been sometimes embarrassing and often provided an unflattering window on how things work in clinton world, very few were breaking through with voters, especially in the context of the much more explosive set of stories that imprisoned out of donald trump and his treatment of women. self-professed in the access hollywood take. and having been accused by a variety of women subsequent to that.
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that is coming through with ordinary voters a lot more but we are waiting on that over what we might find out from those e-mails over the course of the next 12 days. that will be playing out in tandem with this james comey fbi story. emily: the initial investigation seemed to move very slowly. how do you expect this investigation to proceed? >> we don't know what has been reopened if anything. we don't know what the status of being inquiry is. if it's a normal investigation, it will not run by the clock of the election. the ball is in james comey's court to clarify or not to clarify. i can't imagine anything would be resolved in some formal way. this investigation was closed as a political matter. is now open as a political matter and it will stay open as a political matter unless comey the something extraordinary as he did previously in a definitive fashion.
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emily: hillary clinton and president obama on the campaign trail. we are monitoring their remarks. mark halperin and john helen, thank you so much for joining us. emily: a big week of earnings in tech from apple to amazon's alphabet. we will break down the top takeaways you need to know next. this is bloomberg. ♪
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emily: this is bloomberg technology. it was a big week for earnings reports from some of the biggest companies in the world, from apple to amazon to alphabet. joining me our guest host david kirkpatrick and ceo of techconomy and mark urban. let's start on apple. now we had time to digest where there were some new laptops revealed as well as the tv app.
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i wanted to talk about the tv app. you don't think it is necessarily as significant as some others may believe. what is your take on how important this is? >> this new apple tv they came out with in the fall of 2015 was supposed to be there "reinvention of television." but this tv app is just like another home screen. when i go on the apple tv there is different channels. there is starz, hbo, etc. this is just another place for that is all linked together. is more of a suggestion engine than anything else. i think the apple tv interface should just be this app. there was no reason for there to be both because this app is their goal but they are just tacking onto the existing interface. i think the strategy is probably
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going to ship because there is no way they don't realize this as well. emily: david, a lot of news to digest this week. earnings in line, that are then -- better than expected, holiday forecasts. there were disappointments for investors that apple did not seem to make more hay out of the samsung recall. at the same time they unveiled new laptops and this tv experience. what do you think the highlights are? david: i think people have to recognize that the newest phone was only for sale for two weeks of the quarter. it is hard to really compare what is happening with apple and samsung. i strongly believe apple is going to benefit tremendously from samsung's egregious missteps. i think the fact that the iphone 7 is a good product is going to help them there. i'm basically, on a short-term basis, optimistic that apple is doing ok going forward and probably they are modestly optimistic forecast makes sense. when you look the product announcement and compare it to what microsoft did this week, which is to announce things that
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really were fundamentally new. to me, they were sexier by a substantial margin from a company we would never expect that from. the company we have always looked to for the sexiest announcements really kind up that came out was something that was ho-hum with a little bar on the screen of the laptop about the keyboard that some people like. to me it seems a good step not far enough, towards a touchscreen which is what microsoft is doubling down on. i don't understand why apple doesn't have touchscreens. i think in their computers. that's a smaller part of the business, granted, but it shows something happening that is not that great at apple from up auto -- from a product development point of view. mark underscores the same point. mark: i agree with you on the tv point. when apple is doing is chasing the market share in the profits and revenues on a product line they have proven an ability to do so instead of focusing on
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that bigger touchscreen experience. i think you referring to the surface studio. i think it's a really cool product. i thought the demo video is getting a lot of excitement. it looks pretty sweet. that is not something that will generate a lot of revenue for apple that is not their bread-and-butter in terms of touchscreens. their bread-and-butter is the ipad and iphone. i think it will focus on that for a long time. i think this touch bar on the macbook pro is something that is basically the step towards a bigger direction in terms of more touch on macs. they made it clear they will not separate the two. i think it will continue focusing on that because if you merge the product and have one singular device that is an ipad and a laptop like the microsoft surface book you are only generating revenues and profits and sales from a single product. why not have an ipad at a macro -- and a macbook pro and make
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money from both. make money from services on both? a set of just one revenue stream they have several now which is the total apple approach. emily: tell us how you really feel. thank you for that. i want to turn to amazon quickly because results this week were very painful. a painful reminder to investors the company's link to invent -- invest heavily and sacrifice profit margins in the meantime. we were told today there is no reason to worry. take a listen. >> the way i felt is yes, it brings back bad memories but they do invest in the right areas. i'm confident these investments are going to yield continued impressive market share gains that should cause the stock to bounce back. emily: david, what you make of the investor reaction? that sort of panicking a bit. is it a return to a previous phase? david: buy on the dip.
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they are still a monster company executing extraordinarily well. ultimately it is hard to fault them for investing in their business. that is what they have been doing all along very aggressively. that is what is driven their stock up in the last year. they will continue doing that. they essentially own e-commerce. i think it's amazing how well amazon is executing in my view. the quarter is a blip. emily: a lot of excitement around the amazon echoed devices. google is working on a home device. you think the market is up for grabs, potentially even apple could make a play. mark: i look at it from two perspectives. financial and consumer perspectives. for consumers it is great. there will be competition in the smart home speaker space we reported. we reported apple is working on an amazon echo competitor. google has there's coming out in november, a few weeks from now.
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from a financial perspective i think amazon is making some of the coolest products right now. being first with the echo. some of the latest you readers e-readers are -- great. the issue is the financials are not making a profit on it. i think investors might have to start to worry in the next three to five years if amazon does not change the business strategy to make a profit on these consumer devices that are honestly cooler that some of the competition. i think we will see that change, at least we have to. emily: david, a question about twitter. playoffs this week -- layoffs this week. focusing on the live strategy. more questions about jack dorsey having two jobs. m&a is still inevitable. has your view on twitter got more or less optimistic? david: is a little more optimistic. i am so impressed by the tenacity with which jack dorsey is trying to keep that company independent. there were strong rumors disney
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was seriously interested. to does not seem like it's happening for the time being. there quarter was a little -- there quarter was a little better. they still have big problems -- they don't make money. they are not really close to it. the fact is the election campaign and the season we are in has really shown how central they are to our society and global society. i simply can't believe that a company this prominent in the world in which we live cannot find a way to make money. that is in summary with jack -- that is, in summary, what jack believes also. emily: i am watching reaction to this clinton- fbi e-mail situation on twitter. david kirkpatrick, you are sticking with me. mark, thank you so much. it is shaping up to be the year of the megadeal with over 24 m&a deals over $1 billion announced this year.
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we will see if the trend continues, next. this is bloomberg. ♪
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emily: netsuite shares declined after a planned takeover by oracle may fall apart. they said it would not support the deal of the current offer price of $109. it was oracle to play $133 a share instead. the oracle ceo said he made this quote best and final offer and will move on if netsuite shareholders don't agree to the deal. speaking of megadeals, that you -- tech deals in the third quarter grew to $102.5 billion. according to a new deals report. in total, 24 deals greater than $1 billion were announced in the
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third quarter, including oracle's proposed purchase of netsuite. and intel's sale of mcafee. joining us to discuss the report's technology deals leader and david kirkpatrick. we will start with the trend that value has gone up in value has gone down. >> it is all about those deals you were talking about, megadeals. this is a phenomenon that started over the past couple of years. it has really taken off in 2016. 24 in the quarter. that is a trend we see continuing. i think the main factor of that is a lot of convergence. we are seeing a lot of companies realize if they look 5-10 years down the road for the think the industry is going, they need to buy growth today and that's regardless of if the economy is doing poorly, the election, regulatory pressures. we have to make the moves today.
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emily: i know you can't discuss specific companies, but other -- are there any specific themes you expect to play out? todson: the software is the key area of growth and m&a over the past year. we certainly expect to see more deals in terms of going from the cloud. security has been relatively quiet on the deal front. there are a lot of companies in the security space that are right for consolidation. and semiconductor, which just had a record deal of all time in the semiconductor industry, i think we will see large deals but they will be at that next tier down smaller meaning still in the billion dollar range but not in the tens of billions range. that i think is because we have seen that several companies have tried to merge and it hasn't worked out. either for regulatory reasons or otherwise. i think there is a whole tier of
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companies and that will be feeding a lot of deals. emily: a number of folks said this is the biggest spate of m&a since the dot-com boom/bust. could it potentially surpass that? david: i remember one $1 billion was a lot of money. [laughter] we can't be impressed by $1 billion deals anymore. maybe i'm just getting old. that still seemed like a lot of money to me, but $47 billion for nxp. these are gigantic deals. there seems to be a lot of enthusiasm for consolidation right now. i think it's partly because of uncertainty in general and the tech market. the whole arena we talk about everyday on the show is really influx in a surprising way. companies are all nervous and they are trying to come up with ways to deal with an uncertain future and they are buying their
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way into some degree of flexibility. emily: a couple of companies sitting out this far that it in -- better known to make bigger deals, facebook, off the bat. facebook, alphabets. do you think we will see more megadeals from them? todson: a lot of this companies set up because valuations were ridiculous. valuations, a lot of people are using the term "rational expectations" from some of the unicorns out there. so long as that trend continues i do believe we are going to see companies like those coming into the market and requiring some of those that otherwise would be slated for an ipo. emily: you think unicorns will get picked up? todson: i do. emily: how do you expect this to play out? given that you have seen the waves and the cycles. what cycle are we moving into?
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david: there was a lot of belief we would see revivals of ipo's from the unicorns. there may be a maturity level we have reached with a number of companies we have been talking about for a number of years at buildingen slowly their businesses. they are ready for some kind of a genuine exit. i do agree there is monster companies like amazon, facebook, google, microsoft, apple. their appetite is unlimited. they have money. they will continue buying. they need to continue broadening the portfolios because along with even the chinese companies, the big ones, they are sort of converging towards a similar set of capabilities. i also think the markets want a lot of these really cool new companies to go public. that is going to be interesting thing to watch. i can't say which will happen but a lot of action is ahead. emily: david kirkpatrick, thank you, todson. thank you both for stopping by.
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new generations of devices require new chip technology. intel's executive vice president tells us about the future of conductivity next. ♪
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mark: you are watching bloomberg technology. let's begin with a check of first word news. donald trump is praising the fbi's decision to investigate new e-mails found in the probe of hillary clinton's private server. the nominee addressed a crowd manchester, new hampshire shortly after news wrote of the -- news broke of the decision. donald trump: hillary clinton's corruption is on a scale we have never seen before. we must not let her take her criminal scheme into the oval office. mark: the fbi closed the criminal investigation into clinton's use of the e-mail server in july.
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during a campaign stop in cedar rapids, iowa, secretary clinton did not mention the fbi's decision but her campaign chairman released a statement which called on the fbi to immediately provide full details of what agents are examining. the pentagon has canceled 22 programs in advanced develop after spending $58.3 billion on them since 2002. that's according to the defense department's latest assessment of its acquisition performance. among those scraps was bowing's -- boeing ground-based vehicle network for the army in norfolk -- for the army. he made his remarks at a security conference in latvia. >> certain states, we might need permanent basing in the east to
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make sure we can act swiftly if someone were to attack a nato ally. mark: he said he hoped that after the u.s. presidential election there would be a stronger american stance to counter still more aggressive autocratic forces in the world. a judge in northern ireland has rejected to challenges to brexit. that removes at least one obstacle to the prime minister's plan to cut ties with the european union by the end of march. the judge said it was beyond the power of the court to interfere in how the government triggers article 50, the notice of departure from the eu and international agreement will create the world's largest marine protected area in the ocean near antarctica. 24 countries in the european union agreed on the deal that covers an area about twice the size of texas. commercial fishing will be banned but scientists will be
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able to catch fish and certain research zones. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton, this is bloomberg. emily: this is bloomberg technology. qualcomm's deal to buy nxp is the latest example of the changing landscape for semiconductors. the deal marks qualcomm's most significant foray outside of smartphone chips as a new generation of devices require new technology. cory johnson sat down with intel executive vice president at the intel capital summit in san diego and asked him about the future of conductivity. -- conductivity. >> what you are really seeing is an environment where computing in general becomes both pervasive and ambient.
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all the data generated ecb moved -- needs to be moved around. you're looking at the absolute confluence of compute capability being fused with communications capabilities and storage capability. you are moving onto much more expansive paradigms of what kinds of technology will drive our vision of mobility in the future. cory: qualcomm did so well in the world of mobile and smartphones. intel has not done so well. is the thing that needs to change it until the ultimate environment that is changing? his or something else that needs -- or is there something else that needs changing? >> i think intel is an evolving is company. we are moving from a position of really understanding our core markets really well, which is been in the data center and the client computing environment, to understanding what it really is required to compete successfully in adjacent businesses. i think we're getting towards building -- to be able to compete effectively in those areas. we are talking about extremely
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capable parties and areas such as the mobile phone space. i don't think it's unreasonable to expect intel to have a number of attempts to be able to successfully enter certain markets given the credibility and capability of some competitors that are already there. cory: does it say to assume the -- is it safe to assume the margins will not be as good? mobility markets have not been as good for intel or anyone else. >> i think it will be a degree of differentiation you can provide. we like to feel our vision is a -- connected future will be to provide opportunities of differentiation where we will be able to aspire to a margin that will be interesting to intel. cory: and other words it has to
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-- it will be interesting. cory: it also -- yes, there will be a lot of computing on the client and, whether it is a drone or a car or a phone or a computer. but also the data center changes. how you see the role of the data center in the future? >> i think that will happen is as we go through time a lot of leader doing in the data center will be pushed into the very fabric of the network. a lot of decision-making and storage and analytics that happen today. cory: the network in the middle, client at the end. >> a lot of the capabilities of the network will probably be pushed into the very fabric of the networks. a lot of capabilities of the data center will be put into the fabric of the network because we will not be able to tolerate -- transfers so much metadata back towards the remote data center. what i think the data center will move on to is a higher order of analytics and orchestration of the overall network. crunch huge amounts of data coming in from multiple sources and provide long-term data
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analytics which will then get pushed into the fabric of the network for more real-time decision-making. i see it as a symbiotic relationship where the network is essentially being imbibed with refreshed intelligence based on analytics conducted in the cloud over a long-term aggregated time basis. cory: let's get a more really -- a more real example of that using amazon echo. how do you imagine that will change in a smarter network, in a more robust data center? >> i think it will be characterized by the distribution of decision-making and data storage based on the device. clearly looking for a much more interactive experience. i think the predictive capabilities of what questions or what tasks may be asked of a , they canh as an echo
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be divided into routine. you store the data locally. it's always ask what the weather is going to be like, the score of my favorite sports team, those are questions i ask on a daily basis. over time, i can predict you are going to ask those and can store those locally. i can pull the data down and have it ready to go as soon as you ask. for more esoteric questions like where is a great italian restaurant in proximity to me, then you probably go back to the cloud and pull that from intelligence in the cloud. i see it very much is a symbiotic relationship between those that are predictable and those that are one off. cory: and fundamentally those get pushed out because of the device or because of the data center? >> i think it will be the latter. the data center will be able to analyze your habits and your
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interests and your daily request for information. be able to calibrate it over a period of time and push that to the edge of the device. emily: that was the intel executive vice president and our editor at large, cory johnson. why he has never voted against an entrepreneur in 30 years of investing. don't miss our exclusive conversation. this is bloomberg. ♪
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emily: turning to studio 1.0 where we speak to the biggest influencers shaping media and technology.
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i ask him about the advice he gives to entrepreneurs and what he believes most vc's her -- hurt companies rather than helps them. vinod: applying traditional business school and business metrics to innovative startups is the wrong thing. when people focus on rates of return, on board's, they hurt a company. i don't think because you're an investor you have the right to advise an entrepreneur. if it going to advise entrepreneur, you should've started companies, know how hard and painful it is, a difficult the trade-offs are. it is painful being an entrepreneur. life is not easy. unless you have empathy for an entrepreneur, you don't have the right to advise an entrepreneur. in 30 years i have never -- they
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don't need hypocritical politeness from board members trying to be popular and be their friends and not help them go throughout the risks they are going to face and challenge them. and in the same board members think they know enough to work. they don't. emily: you also don't go to board meetings if you can help it. vinod: i don't go because i can't stand to listen to other vc's talk about things that what i think hurt entrepreneurs. first, don't take advice. it is from the board. just ignore the board to the maximum extent he can. consider the input of people who have real experience as input to your thinking. emily: i also asked him about the impact of artificial intelligence on the future of work. take a listen. vinod: if ai does what humans
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can do, or most of them, i think it's pretty likely in 40 years of all the jobs that exist today, the majority -- more than 50%, will be done by machines. it does not matter if it's a farm worker, a hamburger flipper, a legal researcher, a radiologist, of pathologists for an oncologist. is not just the low scale work. if that happens, we will have germanic gdp growth, dramatic -- dramatic gdp growth dramatic , productivity growth. all in the tradition of economic metrics. and because more people work they will be more income disparity. it will, i'm pretty sure, happen. emily: what happens to those people who don't have a job? vinod: the critical question is how to be fairly address the people who are left out of this?
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it will be most of the people. the good news is we will have enough gdp to provide basic income to everybody. i know it sounds horrific, but we will have the resources. if her capital income is $200,000 to $300,000, i think some sort of basic income as per capita income climbs above $100,000 will become very, very important and that will be social and political issue we have to address. emily: my exclusive interview with the founder of khosla ventures on studio 1.0. amazon ceo jeff bezos said emma -- sat down with charlie rose this week at the economic club of new york and was asked whether company's secretive reputation particularly around
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disclosure about how many prime members it has. jeff: boasting about the number of members won't make anyone related to join prime. people already know a lot of people whose friends are prime members. it is true that the consumer businesses and enterprise businesses that people do some degree fight to be with the leader and be in the crowd. you do want people to know you are a leader. you want people to know you are -- that the offerings are successful in people using them, but you don't to quantify that for consumers. emily: that full interview coming up on the next episode of charlie rose here on bloomberg television. up next, uber uses it self driving truck unit to make a beer run. we talked about successfully putting autonomous truck into the wild next. this is bloomberg. ♪
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emily: it has been a bumpy ride for uber in the u.k. the judge ruled they should be paid a living wage and not be considered freelance. uber says drivers are independent contractors and therefore not entitled to traditional employee benefits. the company plans on appealing the u.k. decision. sticking with uber, last week the world first self driving truck drove itself down colorado's i-25 to make a shipment of budweiser beer.
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they teamed up for the 120 mile delivery. alex sat down and talked about the journey. >> we have completed the first ever self driving truck shipment in history where a truck with our self driving kit was able to carry and ship a full truckload of budweiser beer from an and has emerged as a reason center -- distribution center over 100 miles, on the agenda colorado -- all the way down to colorado springs without a driver in the seat. but the driver monitoring the technology in the backseat. the truck drove itself. alex: a beer shipment without the driver. it is great pr having a beer shipment drive autonomously.
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were there any other reasons beyond? >> we wanted to show how we can bring the technology into commercialization. we created basically a model of the future by showing how technology companies like ourselves partner with a national shipper like anheuser-busch that is driving 450 million miles a year and delivering millions and millions of those trucks every year. we have a state like colorado that actually supervised and complemented us on the shipment. is a model of how we can bring the technology to market. and us learning from budweiser, them learning from us and how to integrate and apply the technology to commercialization. alex: i think they said they could realize $40 million to $50 million in annual savings just
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in the u.s. from autonomous driving trucks. are you concentrating particularly on trucking because there is an economic argument which is readily made and that maybe harder for the normal driver? >> great question. the reason we focused on trucking and commercial transportation is because it promotes the same safety goals we have on streets as well. the situation of safety on the highways is not great. there are more and more fatalities every year. they just published the latest from 2015. 10% increase. first and foremost it's about safety and a limited those 94% of unnecessary human errors that are causing those fatalities. but what is helping to accomplish the safety goals is the commercial value and the real return on investment and the industry because we can realize more safety which leads to lower instances.
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-- lower insurance. a lot of fuel efficiency gains because the truck does not have to all the time change lanes or accelerate or decelerate unnecessarily. they can drive the perfect speed for that road. finally the truck can be much more productive. the same truck driver can now drive a few hours a day and not being forced to drive more in an unsafe manner, he can utilize the truck almost 24/7 to produce more revenue for himself and for the trucking company. just a lot of forces that have that option. alex: how does this fit into uber's broader roadmap, no pun intended, for autonomous driving. there is some goal to bring autonomous driving to shared rides. can you talk about this plan? how they will look over the next 5-10 years? >> absolutely.
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otto and uber, we joined forces a few weeks ago because we feel uber is the right company and the right platform to bring a lot of those technologies to market. uber created the biggest transportation network on the passenger side. it brings efficiency and productivity to the passenger market. we think we can bring the same amount of efficiency and transparency to the commercial transportation market as well. we see a lot of analogies. on the self driving side we have a launch, the self driving uber just a few weeks ago as a model with exactly the same goal. educate consumers, educate stakeholders on how the future can actually be. not by just talking about it that by showing it and allowing consumers to engage with it.
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emily: that was our very own alex webb. that does it for bloomberg technology. this weekend, tune in for studio 1.0. we will bring you the story of vinod khosla as he expenses -- as he explains his controversial investing philosophy. he talks about his cleantech mistakes, or as he calls it successes you haven't given a chance to happen. audio of every episode delivered straight to your phone. you can also listen to it on soundcloud. all episodes of bloomberg tech are live streaming on twitter. that is all for now. this is bloomberg. ♪
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