tv Bloomberg Technology Bloomberg March 8, 2017 5:00pm-6:01pm EST
donald thompson executive order that -- it drifted -- friends $2 billion for san francisco. hawaii has gone to federal court to try to block the federal travel ban. they say it will harm residents heard the president's new executive order restricts entry into the u.s. from six muslim countries. america's workforce will only grow over the next two decades if new immigrants arrived to replace retiring baby boomers. that is a report according to pew research. thousands of women across the u.s. and world staying home from work today in honor of international women's day. wore red.read --
the main event was organized in washington. this is bloomberg. ♪ caroline: coming up, google steps up its cloud business. we have all of the highlight -- highlights from google's conference. the next wave of u.s. tech one nano degree at a time. interest as a search engine with a more personalized touch.
google sees reliability as a competitive advantage. conference, dan ranked google ahead of those companies as the most reliable copywriter for 2016. clients.o attracting it in the latest speech, he says he sees cloud becoming one of the core products such as search advertising. >> google cloud is a natural extension. we are just doing it for businesses. increasingit means availability and lowering costs. we also talked about
-- i >> is going to open up new businesses, for example financial services and we can .ave better services we can have new ways of delivering products to customers . ai machine learning is huge. i deeply believe this is the driving force of a transformative time. >> is this why you went into business? i did not leave academia. i'm on leave from stamford which
is a sabbatical and i think you are totally right. i've been a technologist for almost 20 years and i've been learning and i have watched the growth into a major and iw into a major force want to participate and contribute in the transformation . i thought hard about what can ai and machine learning contribute. wantey i -- i don't technology to be in the hands of only a view. cloud is the best vehicle. it delivers the power of technology to some of the people and businesses. as a machine learning and ai
show what they can do, the question of ethics. is that something businesses are keeping apace on? >> i think it is an important topic that we should invite the whole society to participate. every time there's a transformation and civilization, the technology becomes a force of change in the way we live and work, conduct our businesses, do regulations. this is inevitable. the important thing is that all parts participate in the .iscussion i care deeply about this. cloud.alk about google is the price going to continue to drop? i'm not a business person so
not going to talk about price because i don't think i have many things sensible to say some of i want to talk about the competition is not just going to be price, it will be the product we offer. it is going to be what we can give to the customer that they need. customers are going to need powerful, easy-to-use ai and machine learning tools and that is what i will be focusing on. caroline: how do you think google cloud and ai machine learning is better than the rest? >> when you look at google as a the deepestgle has bench in terms of ai tablet and technology. before i jerk -- before i joined , i know my google
colleagues produced some of the most phenomenal work in machine learning and ai. the work they've been doing, health care, winning ai competitions. many things. is amassed -- outmatched in its ability in ai technology and machine learning technology. continuesthat's what to track people such as yourself. i have to ask you about the ribbon you are wearing. not a around and it is particularly amount of females. >> you are being charitable. --
i think we should acknowledge and itersity issue in ai continues to be an issue. it is not just gender diversity. can businesses now that are led by men and looking to ensure they have diversity as well? is going to be a full spectrum. i don't think there is one magic way. the company should improve their help women to support leadership. company should be supporting diversity. anhink there should be
effort. caroline: that was key scientists of google cloud in machine learning. greenecloud chief diane took the stage to stress the importance of diversity and google's workforce. take a look. to haverive at google an environment where no one needs to raise their hand can open a matter what it is completely safe to do that. i look forward to the day when this audience is maybe 50% women. it is more fun to have diversity. ce -- coofacebook's womenrote even though work more hours and more days, we only earn a small percentage of the world's income and less of the world's property. nest isith a put it,
looking to work on a cheaper version. which -- it would sell less than $200. an alarm system, digital george l, and security camera all in the works. come, new sec chair on media megadeals to net neutrality rules. we will head to washington next. all episodes of bloomberg technology are now live streaming on twitter. york, 2:00 p.m. right here in san francisco. ♪
♪ bob iger issney ceo staying put on an advisory with donald trump. his -- take a listen. >> i did not your do not believe that my membership endorses or supports any policy of the president or his administration. i think it is a privilege opportunity to have a voice in the room. caroline: speaking of president trump, he met to discuss immigration policy. trumps immigration policies have cited steve jobs and example, as jobs biological father was a syrian immigrant.
saying in washington, a new fcc chairman faces senate lawmakers for the first time since taking the role. he maintains the fec does not have a verve -- role in doing the at&t and time warner merger. graduation by democrats before him. ,oining us from washington welcome to bloomberg technology. i want to cast my mind back a week ago. barcelona, hey in i lined how he wanted an open net. >> the need for a free and open internet. it is something i think
consumers take for granted. dealing thing what framework can preserves -- caroline: he's not a fan of title ii classification and you back him up? >> that's right. the two ideas, and -- and neutrality are really essential. they have been bolted together by the prior fcc. there is a way to enforce net neutrality protections without having to classify internet service providers as common carriers. how?ine: >> there are a few ways. fcculd point to the way the
adjudicates his commission complaints today in the video space. bailout independent networks to support and demonstrate they have been in the -- discriminate against. there is no reason that same process cannot be used to stop discriminatory acts in the internet space. caroline: one of the points you internetu believe service providers have been held back from investing? >> i do. if you threaten isps with price dissemination -- we had a very fromfic price discretion the 2015 open internet order. the isps cannot raise any funds trump the largest edge providers -- network, youtube -- netflix, youtube and google.
there's always a lurking threat the fcc could undo the forbearance and a impose rate regulations on the prices isps charge. we saw a slight pullback in 2015. sawrding to one study we slight pullback. the last time isps got to operate outside the confines of carrier relation, we saw a significant pullback on the order of around 5% of broadband capital in the united states relative to 2014. feel people hold back investment because of lack of uncertainty. have a listen. out our opent
internet rules, we built an extensive record and it was reviewed and affirmed strongly by the court. whether you can come back a few , this is going to be a long process. quote cracks me up. i don't know if you watch the oral arguments when the sec .awyer tried to defend he cannot give an answer. it was actually one of the more humorous parts of the hearing. there was no answer or circumstance or regulatory circumstance. the only thing that changed was the policies. the notion that there is something steep -- a steep justification to how we got
reclassification is just a ruse. change,: as politics many feel regulation might ease up. ?s the market right to assume >> i think that is probably fair. tended toe prior fcc lean heavily on structural rules. they were not that concerned mightwhat metric models --, but instead they were the latest evidence suggests that being counting exercise does nicely mapped into price fx. i think the new chairman will have a more open and modern view when it comes to understanding the economic literature. caroline: we will see how many agree. wonderful to have your
increasing action. bloomberg technology joins us now with the deal. how does a gift for them to pinterest? >> it may not be. he says he has not made a decision how it will live on. what they do want to bring in is the expertise that him and his cofounder have about testing out different models for search. they fork with audio, photo, questions and helping pinterest move into search in a more strategic way. it a good ending for jelly? certainly one companies go to
raise money, this -- they need to also think about other options because in the past, it is typical to find an exit that values you at the same level these private market investors do and to get acquired by company like pinterest, i think that is a very safe landing for has troubleat finding mass popularity. -- line: >> they were not going to be the next snapchat. -- they started in 2013. this is a good fit for what the team at jelly is really interested in and what pinterest has been investing more and more end. caroline: what about the direction of pinterest? they are becoming a search
engine themselves. they have tried to shy away from being labeled a social media company. we need to look at what they're with some of their technology. one of the most interesting things they came up with is visual search. if i could take a picture of that shirt and put it through the algorithm, it would show me other shirt that look like the shirt you are wearing and that has a lot of applications. when i was at pinterest headquarters, i took a picture of kale. kaleowed me all these recipes. that is one of the ways they are trying to go into search. that is the technology we have already seen, very popular in asia. interesting to what jelly will
she first has to wait for her bill to pass parliament which will probably happen next week. u.s. ambassador nikki haley says the u.s. has to see positive action from north korea before -- china wants north korea to stop nuclear activity in the u.s. to suspend military exercises with south korea. claimc state has responsibly for the main hospital and couple -- in k abal, afghanistan. tough terms -- t -- iceland
will be the first in the world to make employers prove they offer equal pay regardless of gender, ethnicity, sexual identity, or nationality. the company made the announcement today. iceland says it will introduce legislation to parliament this month. global news powered 24 hours a countries. than 120 this is bloomberg. i'm joined by david a place -- david english. >> you look at new zealand, this is the first market out of the gates. futures for sydney, which opens in about 29 minutes. dollar-yen is higher so that for japanesegh stocks overall.
with that being said, just one point to watch out for. the other big story is south korea. sehave sherry live out of uol. things that alisa mentioned earlier in north korea. expect a lot of headlines. we will bring them to you once we get them. lots to talk about. ♪ caroline: this is bloomberg technology. be one of the
most innovative minds in silicon valley and founder of google x where he led various projects like google self-serving car and glass. the company just announced to nana degree programs along with 19 positions. we asked how these new partnerships will help students land jobs. >> we have companies ranging from google x two irobot in these are silicon valley type companies. there's a huge gap in the world between the talent that exists today and the talent you want. caroline: the timing is fascinating because it would
there was the executive order by donald trump. this is something that is dependent on by silicon valley to get the right talent. >> absolutely. amazing talent in this country. we have the best university system in the world. it gives people the typos skills -- more self driving car engineers than all university combine -- universities combined. caroline: how much has been there a -- been a concern a lot of the technology degrees in new had thehaven't always
employee an amount of employment that many had hoped? i believe -- we work really hard to keep our costs down and get people jobs. backake things like money guarantees. it difference between us and every one else we derive our funds from those companies and higher those it is. we go to top companies like amazon and facebook. what will it take for you to hire a person? the following projects need to prove efficiency. caroline: talk to me about the rest of the world. we have seen tech talent coming .rom silicon valley
it are those people going to be remaining and creating jobs and moving into companies at home as the u.s.-- moving to becomes less charitable? >> the same talent is needed around the world. every company is a mobile company because of internet and ios. students find jobs in china and many other places. last year we opened up and saudi arabia. -- and saudi arabia. in saudi arabia. areas of the there globe you would like to be? >> i want to be in every household. i would love to give many more
scholarships. in reason is there is a huge equity in the world. have -- it is not the people are dumb it means they just don't get it. you've had some interesting competitions in china in particular. where do you think silicon valley needs to the worried in terms of competition and talent of technologists and technology companies? >> china has done at extraordinary job -- and its ordinary job. i think silicon valley will a disruption.
tend topeople eventually come here and work with us and others. there are many great chinese countries. u.s. always be the number one market for you? >> i wish i had a profit. i love the united states. i love what we do here. invent new things here and get away with it. we are in some ways the university of silicon valley. is the risk with the new administration? >> there are many things to be
said on both sides, but i think everybody has the good of the country at heart and everyone i talked to really worries about how can we take great american workers and make them fit for 21st century technology? caroline: competition can often spark creativity and would seen any of competition between google x and uber. limelight.h in the how important do you think this is that individuals are potentially taking technology from other companies? on courtt comment
>> we think $50 million is the right amount. there are a lot of companies -- aside?e: how much keep >> it depends on the type of companies. there are two or three to one for every dollar. we just did our 39th investment. have gone to raise $300 million. caroline: talk to me about the exit strategy. ,ou had two significant exits
but two out of 39, when does the pace start to pick up? >> we are seeing that we are five and a half years so we have companies doing well, but if you want the data winners, it takes a little bit of time. competitive is it out there? we find it to be pretty competitive, but that is why we are fertilized. we are really in bed with our companies so we want to do five or eight deals a year. the you're just starting company, there's so much that can go wrong. we think having people who have been around the block at the table with you increases your chance of success. caroline: talk to me about vertical. >> one area you are excited
about is robotics. things like industrial i.t., consumer electronics and with this, we call them in flight center companies. we were looking at a company that is doing computer vision related to robotics. hard.ne: robotics is -- robotics isd heart. eart. isn't h it is about long-term business models. i think on the consumer side, it is a question on what could have been? -- that company was around today or if gopro or did it had a
bigger recurring revenue, they would be great. these are both billion dollar companies and the reason they ise able to go public because of their heart. caroline: when you are looking are youarket space looking more at dmv -- >> if you look at the consumer there tends to be fewer, bigger winners. on hardware, you have apple. they can be gigantic successes, -- the fed and bread-and-butter will be the b a nd b companies. caroline: -- >> we have another -- a number of immigrants in our company. a lot of people get degrees and
have to go back home. immigrants in our company work hard and are thrilled to be here. think it is a tragedy to shut the door. caroline: we hope the companies you see still tend to flourish. thank you. wonderful to have you on the show. that was jeremy conrad. tomorrow, join us for an extensive interview with a dimon.tech savvy, jamie coming up, wikileaks exposes spying techniques and sometimes smart tvs are unwanted attention.
caroline: sulfate is planning to sell a 25% stake in mass holdings. that is according to people familiar with the matter. aftbank will get about billion dollars for the shares -- $8 billion from the shares. chips for their cloud service and plans to use arm server chips. it is being discussed in california. arm server is owned by japan's softbank.
more headaches for symptom. according to documents by achilles, since on smart tvs could be used to spy on their users. samsung smarthat tvs have a microphone. they are looking into the matter. companywas not the only name. apple and google also got a mention, but the south korean tech giant has already had other recent debacles. tokyo, peterom alstom. damaging are the wiki leaks reports? devices were many mentioned from apple phones to theoid phones, but this is
last thing samsung needs now. they are trying to get back on track after the troubles with the note 7 phone. they are poised to introduce the next smart phone. the wikileaks document shows the is a program called weeping angel that could monitor what was going on in the room. not a good thing for them. meanwhile, jay y. lee going to court again. explain to us how much the investigation seems to have broadened out? these will be the preliminary hearings for the trial. it is not clear whether jay y. lee himself will appear or if
the attorneys will appear in way out the timetable for the trial. one thing striking about the investigation is how quickly it is moving. the prosecutor was set up and task with investigating the allegations of trading favors and he was only given about 90 days to do that. he asked for extension of 30 administrationme of the president who has been impeached denied him the extra 30 days. they also won't let him into the presence residence so he is playing a quick game. the trial is going to begin. caroline: how is asia responding? samsung at all-time highs when you look at the share price.
could jay y. lee end up in prison? what does it mean for the business? samsung has denied any wrongdoing. they say they gave tens of millions of dollars in payments to a confident, but it was not an exchange. hurdle for thege prosecutor to prove that jay y. lee himself was involved in this. we will see how it plays out. caroline: one last to point out is manufacturing in the u.s. >> that's right.
this is not the smartphone business, but the appliance business. they are looking for new manufacturing facilities in the u.s.. they may move some of the manufacturing of things like ovens and washing machines into the u.s. they said at this point they have not made final decisions, but we should hear something relatively soon. that does it for this edition of bloomberg technology. atn us within in-depth look snap. episodes are on bloomberg tv. this is bloomberg.
>> from our studios in new york city, this is "charlie rose." good evening. we begin the program with wikileaks, the anti-secrecy released thousands of c.i.a. documents and files today. exposeded information tools the agency uses to hack evenphones, computers, and internet connected televisions. it's believed to be among the classifiedks of information in recent history. the authenticity of the documents has yet to be determined. wikileaks has