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tv   Bloomberg Technology  Bloomberg  October 8, 2018 5:00pm-6:00pm EDT

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♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up, google caught, not disclosing a software glitch that left data for hundreds of thousands of users exposed. however happened in how regulators will respond. plus, facebook taking on amazon and google with a new smart speaker optimized for video chat. but to consumers want facebook in their living rooms after a string of privacy scandals? and united nations painting a
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grim picture of the future with a big price tag attached to slowing down global warming. how technology can play a role. but to our top story first, shutting down the google first platform after discussing -- discovered a bug that could have leaked the debt of hundreds of thousands of users. after discovering it a month ago, they decided not to disclose the issue until now. shares have fallen after the washington journal reported a security breach. i want to bring in our tech reporter from new york. garrett, google plus is essentially defunct. how did this happen? in its: google admitted statement that user engagement was very low and this is something that we as consumers all and no. we probably - -- all know. we probably downloaded it if you
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ago and have never gone back to it. but the profiles of people are still on google plus and the sellout of the developer to request a view of certain pieces of user information, so this would've included your name, email address. there was not really private messages sent between the users, those were not exposed, the basic identifying information was sort of out there and open for any developers who had access to the api to figure it out and requested. emily: tell us about the timeline in terms of when they realized it and when they decided not to share it with the public. garrett: there has been a firestorm of interest in privacy, data security at the big tech companies over the last two years, especially when it comes to facebook. 2018, googleanuary decided to do a major security and data privacy review of all of its products. they wanted to make sure that this kind of thing was not out there unbeknownst to them.
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it is something that they found in march, said this was right when facebook was bearing the brunt of the cambridge analytica scandal, right at the time when mark zuckerberg came before congress to explain his company's actions and internally google decided not to put it out there. that is something that they admit, they decided at the time they did not feel it was necessary to tell the public. the wall street journal is reporting, citing their sources, that they made their decision because of political pressure at the time. emily: so how would this ratchet up political pressure? scolded for not sending somebody to testify when jack dorsey and the head of facebook went there to testify. they are scheduled not to testify in the coming weeks, so how do you expect lawmakers will take to this? garrett: they will jump on this like they have jumped on other issues, the problems companies
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have had in the last couple years. before this they did face of some criticism, but they were able to skate above the worst of it, that had been reserved for facebook and twitter. now they are at the center of it. the president tweeted that facebook, sorry, google was only showing negative news about his presidency and he was upset about that. conservative politicians have said that google has a liberal bias, that they are suppressing liberal opinions on google news and youtube, and they want that to change. but there is no evidence that that is happening. google continues to push back on that, but google is continue to be a topic that politicians like to talk about. as we get into the midterms, especially on the republican side, facebook and twitter and google, they are all in focus. they are sending messages to the conservative those others that -- conservative consumers of that google is not respective of
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your privacy and is trying to ship the country toward a liberal position. this is gaining traction with some voters. emily: what do we know about the date of the testimony and the substance of it? gerrit: that is being sorted out. i do not have a lot of information on it right now, but especially with this news adds another thing they will have to talk about. emily: ok, think is so much for weighing in. goingacebook is head-to-head with amazon and google with its first-ever smart speaker. it is called portal and it comes with a display optimized for video chat. portal and portal plus are defined to simplify video tracking and -- so if you move, so does the camera. rather than constantly adjusting your phone, it identifies people in the room and keeps them in frame. consumers have purchased similar
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devices like the echo show, but with the recent privacy scandals will this be considered creepy or convenient? joining us is the vice president of portal. thank you for joining us. you know about the context and conversation happening right now in which this is being released, but first tell me how it works and what sets it apart from amazon and google and what they have on the market? >> this is a new platform that we designed from the ground up to help you connect with people you care the most about. what we mean by that is video calling today has had a lot of fiction, people have experienced that, so we wanted to get you from feeling that you're in a call to really feeling like you are together in the same space with the people that you care the most about. emily: so it sounds great and i agree, there is a lot of friction with a video calling, but are people really ready for facebook to be the device maker in their living room, after all
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of the trust issues that have come up in the last couple years? rafa: we provide a lot of value with the device, it is not just the media presents, the new generation of video calling technology, but it is a great speaker, great video playing device, and it incorporates alexa as a home assistant. it is a device for the home, so privacy is very important. and we worked on privacy from the ground up. the fact that we had to build the hardware and software should really change the way that people communicate, and it allowed us to put privacy at every layer. emily: how does it work? when it is off, is it still listening? you know, when i do not want it to me. where does that that ago? rafa: the only time the video is leaving your device is when you are connected to a call. they see you on the other side and it is encrypted. all of this marking the features
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we talked about that really keeps you in the frame, it makes it a hands-free experience. and essentially it makes you feel like you are there. that a.i. is running locally. that is industry-leading. emily: in a data collected about me is encrypted, or just the video? rafa: it is the video. we do not do any recording. we get call logs, but someone to what you get a messenger. it really interacts with mobile, you can call to anybody that you are connected to with messenger. and he keeps call logs, so we can give you better service and measure the video use of our network, so we can imagine if properly. emily: what about the audio, is it encrypted? rafa: it is encrypted. you can communicate with the device via voice, control the device through alexa. it is a channel to alexa and it works summarily to other --
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similarly to alexa. it the same thing to when you do messenger calls. emily: so, you heard the conversation earlier. surly, you are aware there are some people who might push back on this and may not feel comfortable with it. why did you decide to release this now in the mail this up or on a -- in the middle of this uproar over privacy? rafa: really helping people connect. traditionally, facebook focused on connection, we have connected to billion people in our platform and now we have been looking at the depth of that connection come how can we give you more volume? this is really all about not making, not basically just getting you into a call, but feeling like you are there with the device. so the value is really helping you connect to the people that you care about. future?hat about the
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rafa: we're launching in the u.s. with messenger. as way launch internationally, we will integrate with what's app. emily: how long of you been working on this? rafa: less than two years. emily: what is the goal, to take share from amazon or google? inthe goal to somehow tie us even more to the facebook ecosystem? goal for ustimate and for our users is to help not just to connect but to make you feel connected to the people that you care about. in that sense, it is adding the depth of dimension to the services we provide. emily: we talked about what facebook is doing to make sure that data is encrypted, but what about safeguarding it from potential hacks? something you may not intend to have become how do you prevent that from happening? has: it is closed, it
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applications by those applications are only by invitation with the early part as we have worked with. obviously, we are doing all of the tasks possible with regards to security on the device. emily: what is next, where do you hope this goes? rafa: we hope it changes the way byt people connect to -- making distance disappear and helping you really maintain relationships with a day-to-day feeling of together, seeing each other face-to-face and getting connected. emily: do you see an oculus tie in in the future? rafa: we are looking at that. we are looking at social presence. you can also say how it connect with people that might be hanging out on oculus, you can hang out on your portal. those are things we will look at in the future. emily: thank you so much.
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thank you. up next, the latest, change reports from the united nations is giving the planet a steeper timeline to arrest global warming. we would talk about how the role of tech and how tech can play a bigger role in saving the planet, next. if like bloomberg news, listen on the bloomberg app,, and on sirius xm. this is bloomberg. ♪
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climate reportst from the united nations paints a grim picture. the world is teetering on the edge of failure when it comes to containing global warming and of the solution comes at a cost. the ipcc says the world must
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invest $2.4 trillion into clean energy every year, every year through 2035, and could the use by 2050fired power to avoid catastrophic damage from climate change. the atmosphere is already one degrees celsius warmer than it was at the start of the industrial revolution, in the report predicts it will rise by three degrees by 2100. and that is double the pace targeted in the 2015 paris accord. so will technology be able to help save the planet? to discuss we are joined by our editor in new york and in the studio we have emily, an expert in climate adaptation and founder of 427, a provider of market intelligence on climate change. eric, set the stage for us. walk us through the numbers. is such a price tag achievable? eric: we will see. this is the report that was
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commissioned by the u.n. two years ago and it does not deliver great news. timelinets a strict that we have to reduce global emissions before 2030. they suggest that on something of the order of 55% or 60% cuts in global emissions below last year's levels by 2030, then zeroing out emissions by 2050. that is a huge challenge. and it represents ambition we have not yet seen, even from nations that were so supportive of the paris agreement three years ago. emily: what is your take on these numbers? buthe technology is there, we have not been deploying it at scale or investing enough. and what the report points out
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is to keep emissions under a level that would limit the effects of climate change, we carbon capture a lot of emissions added this is technology that is not ready. emily: talk to us about how we get there, what will it take for the technology to be ready? >> for it to be useful, somebody needs to turn it on. nobody has turned it on to the scale that we need it. we do not have the political will in the u.s. and in other countries it is not moving fast enough. we also do not have the investments. the technology is there for carbon free energy, for reducing emissions across a number of activities, and adapting to climate change, but we are not using it right now. emily: who needs to turn it on? they were the people who can make this happen, the companies that can make it happen? >> governments may not be there yet. there is a lot going on in the private sector and there has
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been mobilization from corporations to invest, but that needs to come with a regulatory move, it cannot just be one. the company's push in the effort are still the minority. emily: what is the likelihood that big business could do some of this on their own? eric: we already say really hopeful stories from around the investment inous technologies that have matured faster than even close watchers of the space would have believed, particularly in solar, wind power, and electrification of automobiles. theuld like to echo point about the carbon technologies. these are interesting projects that are getting some money and a lot of attention, but one thing that is worth considering -- we also saw today the awarding of the 2018 nobel prize in economics to william north
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house of yale and he spent most of the last three or four decades trying to understand the relationship between what cost of pollution is, what is the appropriate price for a ton of emissions, with the consequent reduction in emissions. so many economists will tell you that people respond to prices, people respond to incentives. carbon,ng a price on economists will tell you and there are many experiments around the world, may be needed to get these technologies up and running in time to meet the challenges outlined today in the report. emily: what are the consequences if this stuff does not happen? what is the difference between one degree celsius and three degrees celsius? emily m.: we are already seeing
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the consequences of not having done our homework before. we see it with extreme weather events, hurricanes in florida, japan just had -- this season, which is insane. so the impact is already there and it will only get worse. the have to great difference between one degree celsius and 1.5 degrees, it makes it kind of venice difference -- it makes a tremendous difference. you have to imagine the amount of changes that need to happen to move the needle. that means more trim weather events, that means water scarcity, more wildfires, that means losing our coastlines and a tremendous amount of impact that we are not currently adequately prepared for. emily: in the meantime, you have some big companies like google, amazon, microsoft teaming up to identify impending famine. talk to us about how this works. eric: it is very interesting, the project was announced today
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by the the together -- by those with tech leaders. the goal is to look for natural and social metrics that when certain alarm bells go off among them itamong each of could be interpreted as an early warning signal for famine. one thing that is interesting and gets lost in our sort of talk every day about big data and a.i. is climate and weather were sort of the original big data topics going back to the 1960's. pattern recognition and machine learning in some ways cut their teeth very early on these topics. or five decades later, what we are seeing is this interesting marriage of highly sophisticated, highly advanced, cutting-edge a.i. being applied to less cutting age, kind of government
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supported models that evolved over the last few decades. and that combination of these, the old approach to modeling with the new a.i. tools is producing interesting startups at exactly the time we will need the most. fascinating stuff. eric and emily, thank you for joining us. michael bloomberg, founder and majority owner of bloomberg news is a you and special envoy -- is a u.n. special envoy for climate action. check us out at technology and follow tictoc. we have more coming up. this is bloomberg. ♪
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emily: elon musk's space-x having the kind of success that has eluded him at tesla. side ofch on the west
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the country landed at vandenberg air force base and it completed a record eight emissions last year and is on track to exceed that in 2018. is making aty bank deal at $2 billion for rocket, which offers tech services using ibm products. the deal will allow it to increase spending on research and development. rocket is owned by court square capital partners. and .4 will cut staff as the looks atoin exchange revising operations. financial news reported on monday that the london-based exchange will cut most of its 40 employees. the ceo told financial news that the normal business practice is to change numbers for staff according to changes in the environment. and they have seen is an evident change in the market in trading volume. cryptocurrencies crashed after the speculative frenzy fizzled
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last year among the slow pace of adoption of assets. and speaking of bitcoin, coming up, circle wants to help startups raise cash with crypto. and wanted to become the go to platform for token offerings. we will speak the ceo of circle later this hour. a rocky road to confirmation for supreme court justice brett kavanaugh. we will take a look at with his addition to the bench means for the issues facing technology. this is bloomberg. ♪
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emily: i'm emily chang in san francisco. this is "bloomberg technology." we talked about the intergovernmental power on climate change's call to stave off a fossil fuels, one way to do that is to move toward electric cars. ande-tron was just released what is unique is its approach to plugging it in. they have teamed up with amazon. now to discuss is a good jupiter to bloomberg's opinion. amazon will be installing my home charger for my audi? >> that is right.
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-tron.bial audi e amazon will use its home services division to do installation of these chargers. id home services is one that can confess i've never used before, because it is for infrequent big purchases, maybe something you do once or twice in a home's lifetime, like a refrigerator or a home charger. so what this is doing is removing quite a bit of the fiction out of doing something that you do not do that often. it is an intriguing way to just simplify a process. you may know what charger you want and i am sure that adui would have a pervert -- audi would have a preferred set. this is getting somebody in the home to take care of the paperwork and to the connection for you. emily: what about this for amazon, assuming that this is a sliver of their business and for tesla, for which this is a huge part of their business? nat: good question.
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for tesla, and i give a talk about this last week at a conference in london, it was essentially existential. you have the chicken and the egg problem, without a network you cannot charge your electric cars, and without knowledge or chargers you will not sell a lot of cars. so for tesla, they built a network first. for amazon, i doubt that this would be materially significant, even with any given decade in the future. it is intriguing to me, because it is getting amazon into the home in another way. emily: you do not think that this could become a much bigger business for amazon? nat: i went with a middle thought experiment on it, which was last week, or a couple weeks gadgetszon released new and one was a microwave. it sympathize a process that is full of menus, options, opa que ways to do things where you
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could just say, heat this up for me. charging is similar. it has latency in it, there is time involved, there are many messages -- there are many decisions you could make, but probably you do not want to do. so say amazon rolled out its own charger in the future and you drive in and say, amazon, i am not going out tonight, so charged me up. imagine further that it is all you want charging for your prime account, or something like that. emily: interesting. nat, thank you for weighing in. well, after one of the most contentious confirmation battles in american history, justice brett kavanaugh has been sworn in and is set to start hearing his first cases. so some of the high-level issues impacting technology, how will this appointments way the court's decision? we have our litigation analyst matt. this is still fresh for a lot of
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people, but whether you like it or not he is sworn in and he will hear a case this week. what are some issues facing tech that he will be hearing and how do we expect him to rule, whether it is net neutrality or ip? >> i think you touched on some big issues. when you think about tech, privacy is a big one. the balance between security and individuals' rights to protect their data. it is an issue tech companies are grappling with. another one impacting tech comes in the form of employment and labor issues as we are moving from kind of a traditional employer, employee relationship, to a lot of companies like uber, where the companies are contracting with individuals who basis.t working on a gig what does that mean for things like arbitration agreements, what about compensation? a slew of issues. and dissemination issues come up at tech and in the larger
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economy, dealing with wage discrepancies and a host of different issues that impact different groups, you know, to different extents. emily: so justice kennedy was the swing vote, whether he was always in every case, he certainly was sometimes. so how will justice kavanaugh be different? matt: i think the way that many people view the supreme court, which falls in line with the way that it rules, is kennedy was kind of the center or ideological center of the court, sometimes he would side with one side, or the conservative side, or with the liberal block, depending on the issues. with brett kavanaugh it is certainly anticipated to be a shift to the right. but that being said, it is not as far right as some of the potential candidates that were out there. so when you look at his history on the d.c. circuit, a lot of commentators point out that he frequently ruled in line with merrick garland, who was stymied
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last time around. there is middle ground. in terms of his jurisprudence, colleagues are complementary of the way that he considers other sides. he seems to be thoughtful. i think we discussed last time, david kirkpatrick pointed out that he is academic and consider it when writing his opinions, but there is hope that his presence on the court may not be as far right as anticipated by some groups. emily: what about when it comes to women. ? allegations inhe alaska believe, but google, the department of labor has a big investigation with female employees and dissemination. the supreme court being asked to consider arbitration clauses, which considers sexual-harassment cases to be settled in private. how, or will justice kavanaugh go with this issue? matt: i kind of take, i think,
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two perspectives on that. one is looking at his history on the d.c. circuit and how he has ruled in the past and arbitration cases or labor related cases, kind of the bull and the bear case. he has traditionally ruled pro-employer. emily: pro-employer? matt: yes, limiting on what employers can do. and he looks at things narrowly when it comes to reviewing decisions that come out of arbitration or labor review board decisions. again, he tends to be pro-employer, but not in all cases. in a lot of these decisions, they are unanimous or there will be a concurring opinion, so it is not like he is outside of, or wait outside of the norm, but he is pro-employer. when you look at discrimination cases, this is where it tends to get dicey, even with arbitration
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for a lot of these groups, and for a lot of women, this is about banding together and being able to operate as a collective voice. it is beneficial when pushing back against policies that are discriminatory. so stances on the internet arbitration provision, things like that, kind of separate voices and forced the situation where you have to litigate those issues on individual basis, rather than pulled together a class-action. so,, you know, that is the bear case. on the bull case, he has touted his credentials. his hiring of female clerks. he has hired four. and if you anticipate that inside these clerks are responsible for writing first drops of opinions, pitching ideas, so there is optimism that will influence his decisions down the road. and also there have been studies that ticket with the conservative justices and how they rule on social issues based on their own kids. and so, you know, as one study
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put out that having girls has pushed justices a little further to the progressive side when you look at health issues and things but that. it is yet to be seen how he will rule, some justices turned to the left, some turn to the right, but in the wake of a difficult weekend for a lot of people i think that there is some hope that it is not going to be the doomsday scenario that was painted. but it is yet to be seen how things will play out. emily: he has pointed out that he has daughters, many times. matt, think you so much. -- thank you so much. coming up, it is blockchain week in san francisco. and the question is, will crypto ever be able to bounce back? will talk about that and the current landscape of ipo's, next. this is bloomberg. ♪
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this week, san francisco is hosting a blockchain week, bringing together developers and consumers in hopes of pushing the boundaries of innovation. we have talked about cryptocurrencies a lot this year and especially since crypto's have not recovered from the december high. one man who knows the ever-changing landscape of crypto, the claim this president inless ceo and president. before that he -- a group. you are helping with ipo's. what are the trends you are seeing, can this market recover? >> i think it can absolutely recover. what we saw was the market was really starting in 2017 and there was this thing that exploded and i think it was a combination of institutional
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investors who saw crypto investors getting involved, and then the real tell -- the retail high made the whole space explode. we thought it was unsustainable at the time in technology was not being made fast enough to support that interest. now we are seeing it slowly rise again as people get more sophisticated, now they understand which will be successful. emily: how are they different today? >> i do not think they are that much different. what is different is the investors. there are more investors coming into the space and existenc -- and the existing investors are doing better. at the end of the day, is the same type of project raining -- raising money and it is understand which are good and which are bad, because at the end of the day so many projects of low quality, you have to make sure you are filtering out the bad ones. emily: massive percentage, this is regulators in the u.k. and u.s. are considering how this space should be regulated.
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what kind of regulation are you expecting and what are you hoping for? >> i think the big issue, at least in the icuspecifically, is a security. are they securities or not, and our perspective is generally at the time of the sale all the securities need to be regulate as a such. that is a well lit industry, selling securities and buying securities, and there is a lot of regulars around it today. i don't think it needs to be different for the ico industry. when you look at it as a whole, we have been selling securities in the u.s. for decades. and it is not going to change that much as we call it a token. emily: are we at a new normal, or do you see potential for this route to return? >> it is a cyclical, we do not know what will happen and it is immature. we have to wait until it develops. it is risky to invest in this space. we will see ups and downs of the next couple years. emily: bitcoin is trading in a
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tight range right now, will that continue? >> advocate has started to stabilize a little bit more. what we saw until a couple months ago was that every single asset was highly correlated in the space. and bitcoin has asserted to become slightly detached from the rest of the assets, which to me means it is starting to develop its own value. and evaluating that has become easier than evaluating some of these other projects. emily: president of coinless, think you for stopping by. sticking with blockchain, one could be making headlines is circle internet financial. the coven is considered one of the most viable u.s. cryptocurrency marketplaces and is a great to acquire a crowdsourcing form. -- firm. they are working to allow their own customers to trade a wider writing of coins. we are joined by the ceo, jeremy. i'm sure you are listening to that conversation with andy.
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are notgree that ico's much different today than they were yesterday, but that this period of the volatility is potentially behind us? >> sure. thank you for having me. i think that one could go difference is that there is dramatically fewer ico's going on, and i think that is a result of, you know, a couple things . one has been increased amount of regulatory scrutiny around offerings and enforcement action brought upon people who may be did illegal offerings or outright committing fraud. the other is, you know, the vast majority of projects that did raise capital have seen their values come down pretty dramatically. so both of those have i think reduced the number of token offerings, but i think for us this is a really could go period, there is an incredible amount of if a structure that is
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maturing. tokenizedeve is that assets, using smart contracts to create new types of assets, is going to continue to grow and in fact we think of her time there will be hundreds of thousands, if not millions of tokenized assets that people are trading and exchanging all around the world. emily: so why seed invest? >> when you look at our long-term vision, we acquired a popular crypto exchange earlier this year, and when we acquired that exchange we made it very clear that our long-term vision is to build a kind of took a marketplace, where -- token marketplace, where businesses, and eventually individuals, can issue and to distribute tokenized assets and provide a market for those to be able to be easily treated and exchanged. there are some key missing pieces to the fill that vision.
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one is a lot of these tokens will be securities. so we needed to be able to operate a broker-dealer and operate within the regulatory framework of the fcc. so seed invest owns and operates in broker-dealer and they have been at the forefront of really crowded funding models and issuing and raising capital directly from investors using securities over the internet, for the last five years they helped create the jobs act, they helped launch many of the first equity crowdfunding models, including from unaccredited investors, which is part of the democratization of finance. but doing that within this regulated security space. and the other is the have built out a platform to help businesses, to assess businesses, underwrite them, managed their security offering, to do the kinds of marketing and a description needed to help generate awareness and find investors. those are all give abilities we
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want to be able to have as we bet out this multisided marketplace for the tokenization of assets. emily: do you see in bringing on more accredited investors or retail investors? >> you know, the power of tokenization is that more and more types of assets can be represented in a liquid, tradable form. it is powerful because in theory it creates a way for smaller businesses and midsized businesses to more directly raise capital. and i think part of the benefit is you can make those assets available through global markets, over the internet, and make them available not just to accredited investors, but also main street investors and unaccredited investors and that is something that seed invest pioneered, a self-service model for supporting offerings to unaccredited investors using the jobs framework that is in place for crowdfunding and different types of securities offerings. to apply that in this spirit is
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a valuable and important. emily: ok, the circle ceo, jeremy allaire. thank you. coming up, razor already leading the gaming gear industry with everyday from laptops to a gaming credit service. now it is expanding further into mobile devices, next. this is bloomberg. ♪
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e-sports is22, expected to reach over 26 million people worldwide and game gear maker razer is capitalizing on the growth. since 2005, they've designed the largest gaming ecosystem, offering a range of software, hardware and services. their products include wireless routers to a credit service for gamers. and now the san francisco and is singapore dual headquartered company is that the release it second mobile device. the ceo joins us now from los
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angeles to tell us more. min, obviously bit of this -- obviously the device space is dominated by apple, samsung and other chinese makers, so what was that years apart? -- yours apart? >> our focus is on the gamers. right from the outset, i think that we started with this kind of laser focus on the games, whether it was the peru friel -- hardware and software services. the differentiation is the focus on the gamers. emily: so you are going to release a mobile device, what can you tell us about it? >> i cannot talk much about it, but it will be in mobile focused event on the 10th of october, we will be streaming live on our social media channel, so and in so forth. last year, when we announced our first mobile device we had a huge amount of attention and it was a commercial success, so
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hopefully we will be of to replicate that again this year. emily: how big do you see the e-sports space growing and how big a part of that growth will be coming from china? min: we are one of the pioneers of e-sports back in the early days. i used to be a summa competitive gamer back then. and we have seen whole growth, in terms of e-sports throughout the world. in the u.s., right at the get-go it was a career, this was the mecca for e-sports for a long time. now china has seen explosive growth. the streaming services, a variety of different ways in which monetization is being done in terms of e-sports, we only see it growing all the time. we have seen the numbers go through the roof and we expect growth everywhere, would be it in the u.s., europe or china. emily: the chinese government has been cracking down on the gaming industry over concerns about gaming addiction, what impact the you expect that will have on your company, on the
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growth of the market in general? min: i cannot talk much about the act of the chinese government in terms of this space, but what i can say is we actually run run of the biggest monetization platforms. it is a virtual credit we provide that connects the multiple games and we have seen a lot of chinese companies come down to the emerging markets of southeast asia, of latin america, so and on so forth. so we just announced a partnership with -- mobile, helping them monetize in southeast asia. we provide them the virtual credit that is used by gamers all around the world. and we are seeing a lot of growth of chinese companies coming outside of china. emily: as a former competitive gamer, are you concerned about gaming addiction and what is razer planning to do about it? min: we have seen negativity on all forms of entertainment. in the early days, whether it was tv, film or movies, so i
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think it is all about moderation. and that is something that we encourage all gamers to do. the thing about gaming is it is one of the most interactive forms of entertainment, so it always gets to be more engaging, immersive along the way, but in moderation, that is the key. emily: ok, the razer ceo, thank you so much for stopping by. that does it for this edition of "bloomberg technology." tune in tomorrow, full coverage of google's launch event where we anticipate announcements on a new phone and maybe get more clarity on the security flaw we talked about earlier in the show. i that will be tomorrow. .'m emily chang this is bloomberg. ♪ ♪
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>> welcome to daybreak australia. >> i'm at bloomberg's world headquarters in new york. >> we are counting down the asia major market opens. >> the stories we're covering n the next hour. investors hunted for bargains and tech fell on renewed tensions with china. the divisiont won't show -- t


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