Alisa speaking by his south korean counterpart today, defense secretary jim mattis told reporters we are never out , of Diplomatic Solutions on north korea. That is after President Trump tweeted the u. S. Has been paying extortion money for years, talking is not the answer. People against the fcc plan to roll back obama era Net Neutrality rules have until midnight today eastern time to make their voices heard. That is when the fcc costs Public Comment for them shuts down. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, techs most valuable unicorn hints at an ipo. We will break down the plan for uber after the new boss meets the troops for the first time. Plus, apple goes all in on the touchscreen and the home button becomes a thing of the past as the countdown to the next big iphone event begins. We have the inside track on the biggest design changes in iphone history. And Warren Buffett sounds off on tech. Berkshire hathaway chairman and ceo speaks to bloomberg tv. We cover his biggest regret the in the Tech Industry and what industries are still ripe for disruption. But first, to our lead. The world most valuable startup could be going public sooner than we think. Incoming uber Ceo Dara Khosrowshahi met with employees and says he thinks the company wednesday should go public in the next 18 to 36 months. He also outlined some of his Top Priorities on the job, including coming up with a new set of core values and bringing in a new chairman to help drive the agenda. Ubers Communications Team tweeted out some of dara remarks, saying, this company has to change. What got us here is not what is going to get us to the next level. In addition to talking to employees, the ceo will likely get a seat on the board opposite former ceo and cofounder travis kalanick. Meantime, kalanick has expressed interest in returning to a more active role of the company, since he was ousted in creating june, a potentially more awkward dynamic that Dara Khosrowshahi will need to manage. It was all smiles at the first meet and greet. Arianna huffington shared this selfie showing the changing of the guard. Joining us now in the studio, our bloomberg tech reporter eric newcomer, who covers all things uber, and brad stone, who wrote the upstarts, a book about ubers humble beginnings. He spoke to employees today. What did he have to say . Eric sort of jokes, celebrating traviss role in the company, saying some of what got them to this point is not what is going to get them ahead, and that obviously this conversation about the ipo, i dont know, 18 to 36 months seems pretty far to me, so it is a distant thing with lots of hurdles in the interim. This is a guy, Dara Khosrowshahi, who ran a company for a long time, so he understands. Emily what do you make of the show of camaraderie, all smiles, hugs . Brad it was not just what was said, but how it was said. This was a show of unity. One of the uber cofounders, the first ceo, introduced the proceedings. Travis was there shedding tears introducing dara. Arianna and other Board Members were there. Perhaps out of everyone on a very contentious board. There was a message sent to employees, probably drivers, and definitely the media and customers that they are trying to send, which is the dark days are over. They want to hit the reset button, get out of the headlines and repair some of the damage to the brand. Emily he says he is looking for a chairman. Travis says he wants a more active role, obviously very emotional about the way this has unfolded. Do you think that person could be travis . Eric for now i would say no. The board approved an independent chairperson, which would be someone outside the company. They would have to reverse themselves. Emily what kind of role could travis take on . Eric i think advisor could be the role for now. It is not clear if you will get anything more than that. Brad remember, this is still tied up in litigation. The other news today is that the lawsuit that early investors filed against travis is moving to arbitration, somewhat of a victory for travis. His status on the board and the status of two seats he controls is still in question. Pending the outcome, i think we will see what kind of influence he will retain. Emily lets talk about this suit moving into private arbitration. He was asking for it to be dismissed, which it was not. Another early uber investor released a letter today and was actually in delaware to speak with the court. Bear with me, i want to read a couple he is coming in on the side of travis, saying we are swimming in the crucible of one of the grandest business battles of our generation. We write with the souls of thousands of lives saved, millions of jobs created, liberating drivers from the shackles of servitude to iniquitous taxi cartels and corrupt cabals that choke cities with their pollution of air and morals. Glad i got all that out. What is going on here . [laughter] eric i think he is a good friend of travis, wants to show his absolute support. He is a man of a lot of passion and communicating in his own way that travis has done a lot of good by creating uber, which he sees as a public utility that has broken up the taxicab coalitions. I think he is just trying to frame it in a perhaps overdramatic way. Brad the problem is, not only is the writing somewhat overinflated, but it comes at a terrible time. This was a day about unity and he is drawing more attention to the divisions that still are there. Emily what is the strategy . Is there a strategy here . Brad i think he is trying to muster public support for what he sees as a divided board. It does not make the argument that persuasively. Emily what do you make of 18 to 36 months for an ipo . 18 months is sooner than we would have thought, right . Eric one of our columnists was joking, near enough to say it is possible that someday we will go to an ipo, but who knows . It is so far away it is hard for , people to get their heads around and take too seriously. I think it is almost a nothing statement that sounds serious. Brad this is a Company Still growing quickly, but losing 6 million a quarter . He has got a lot of Strategic Decisions to make, where he wants to grow, where he wants to pull back. These ancillary businesses like uber eats, how much are they going to invest in those . With this statement i think he is buying himself time to get his ship in order, put off the pressure of liquidity that early employees have. I think this is the proverbial heisman stiffarms to give him time while he figures out what is going on. Emily there have been reports about new hires. It seems to be nothing is set in stone yet. But there is a chance he could bring a whole new set of top people, right . Eric he needs to hire a lot of positions, cfo, coo, chief marketing officer. There are vacant leadership ranks. I dont think it does not seem like anything is imminent on that front in terms of uber bringing somebody on. Emily we will keep watching, you will both keep us informed. Thank you both. Coming up, another bloomberg scoop on the next iphone. We will tell you what tricks ceo tim cook might have up his sleeve when he gets on stage next month. This is bloomberg. Emily the global music business is set for a major boom, all thanks to streaming services. The industry is set to hit revenues of 41 billion by 2030 with 34 billion coming from streaming services, according to a new forecast by goldman sachs. The total number of subscribers is predicted to reach 847 million by 2030, an increase of more than 700 Million People compared to last year. The report also says universal music and sony music will benefit heavily from this outlook. This year marks the 10th anniversary of the launch of the iphone. It looks like apple has big plans for its newest model. Last week, bloomberg was first to report on several features of the new iphone, including 3d facial Recognition Technology to unlock the phone with your face. Now we have got a new scoop, of course. Apple is planning to eliminate the concept of a home button. This according to images of the new device viewed by Bloomberg News and people familiar with the gadget. The move would mark the biggest interface change in the iphones 10 year history. Joining us now, bloomberg tech reporter mark gurman. You saw these images. What did you see . Mark some pretty cool stuff. I think iphone users are going to be very excited about this new phone. They have been working on this phone for a very long time, trying to add new features to make a big splash for the 10 year anniversary. The biggest change, getting rid of the home button. It is not going to be a virtual home button, it will be an entirely new system based around gestures and thumb controls. Emily the home button is actually staying on the 7 plus, we think. It is not completely going away yet. Mark right, there are going to be three new phones. Two will have the general design of the current phones, the same screens, and they will have the physical home buttons. The big changes are happening on the premium, higherend model. Emily we are getting some headlines about who will be replacing Dara Khosrowshahi at expedia. Mark okerstrom will be becoming ceo of expedia as Dara Khosrowshahi moves on to take the ceo position at uber. Dara khosrowshahi is going to stay on the expedia board. He has been there for many years. We will bring you more headlines as we have them. Back to apple. In addition to the home button, what else did you see . There are design changes, corners, the screen is taller. Mark what some people dont get is the new iphone is going to be significantly taller. You will see more of text message conversations, more of maps, webpages, other applications. A big change to the screen as well. Emily talk to us about what is going on with toshiba and the chip unit and apples interest. Mark apple is always looking for a new way to get components for the lowest cost and highest quantity. They have done so many deals over the years to get as much it is called nand chips. They power the storage for iphones, ipads, newer mac laptops. It is absolutely critical to the iphone, just as the screen or the cellular reception modem. They want to be able to get as many of those, and toshiba does great work. Emily what does this mean for apple in terms of performance and supply chain issues . Mark probably little in terms of performance, because a lot of nand chip suppliers are on par. However, having my suppliers get them more leverage. Emily do we know anything more about when we are going to be seeing this new phone . Mark yes, midseptember is what we understand is the plan to release the new phone, or to announce it. Emily i will be excited for the details to come. Until then, mark gurman, bloomberg tech reporter. Thank so much. Coming up, consumers of the new iphone are not the only ones excited. We talked to the ceo of one of apples semiconductor suppliers. This is bloomberg. Emily toyota is aiming to get a bigger slice of the ridesharing market. The japanese automaker is investing an undisclosed amount in Southeast Asias leading ridesharing service, grab. Toyotas investment in grab will be through the 55 billion next Technology Fund set up in april. That fund, created by toyota, is seeking opportunities in Innovative Technology products and services. Last year, toyota bought a small stake in uber while grab hold in pulled in 2 million in investments from didi and softbank. We just discussed details about apples eagerly awaited iphone, but it is not just consumers brimming with excitement. Suppliers are equally giddy as they look for new business opportunities. Caroline hyde spoke with the ceo of one of the key semiconductor suppliers. Take it away. Caroline the Dialog Semiconductor ceo said new phones coming to the market help sell an exciting second half of 2017 for the company. We also begin our conversation with his outlook for growth in the mobile business. The mobile industry is growing a lot less than it used to. I think in any market of this size, you always find pockets of growth because of new things that happen or new geography that joins the market. So for us, i think given the huge size of this market worldwide, there are always areas we can identify growth. Caroline talk to us about the geographical layout. I am hearing india and china have been areas many of the mobile and phone makers have been positioning in. This is something that as the unit maker, you have to be in as well. We work with the oem manufacturers. North america and europe is fairly saturated, so the majority of the business is replacement with new products. They have to be really exciting to stimulate demand. On the other hand, in many emerging markets like china in the last few years and more and more india, and i think other areas of latin america, middle east there is plenty of growth , as the smartphone pervades the use across the world. So those companies, for example, we are working with companies that primarily used to focus on north america or china. Now they started exporting to Southeast Asia and india as well. That is how our chips get used. Caroline the chips in the mobile phone spring to mind. You are talking about potentially exciting new phones coming on the market. One of the Big Companies that you supply to is apple. Are you excited about the launch of the new iphone 8 . How much is dependent on this product . We have been a supplier to this very Successful Company for a number of years, and along with all the other suppliers, we will watch this space and see what the new products are like and what they decide to use, but we have lined up exciting q3q4 growth. Prechristmas, lots of new products get launched that use our chips. We are looking forward to the second half of this year. Caroline how much do you think your revenue will eventually be dependent on the mobile . Mobile as a market is very, very large, so i think that will always be a dominant part of our revenue, and it is a very concentric market as well. Five or six major guys in that market have majority of the revenue, so that creates concentration, but it is a facet of that market. If you are successful, you have to be a concentrated player to a large extent. Other emerging markets in terms of more electronics in cars, not traditional automotive but more new automotive in terms of beyond the dashboard into self driving and other technologies that have come on the scene. That creates more requirements for Electronics Chips and technology to be used. Caroline it sounds as though diversification is there. Are we seeing diversification away from apple as well . This is the supply chain function of bloomberg, saying 75 of your revenue comes from this particular phone maker. We have seen what is happened to imagination technologies. How do you ensure the same future is not painted for yourself . We are taking steps in both diversifying within customers and diversifying with other customers. Were making progress on both fronts, so we are in more than phones, in tablets, watches, notebooks. That is one way of diversifying so you are not dependent on one source of revenue. The other is the activity we have started in china in the past 34 years has started to bear fruit. We have partnerships in addition to touching pretty much all the top banks in china, we also have started a partnership with the chips manufactured in china, where we complement their chips. We provide the power, they provide the digital chips. Spectrum, the biggest mobile chipset maker in china. Through them, we can access who le tiers of smaller customers, secondtier customers that we as a Small Company out of europe would not have access to. Those are things we have put in place to ensure we have diversity. Caroline many people see you as a germanlisted company, but you are u. K. Headquartered. How is the current political situation . You are someone who came from iran to the united kingdom. This must be something that is close to your heart as well as your business, that immigration is something being looked at. How is that changing the way Dialog Semiconductor orchestrates itself when were in the process of coming out of the e. U. . We are very much an international company, headquartered in the u. K. And we are very proud of that. The Company Started originally in the u. K. We are listed for historical reasons on frankfurt stock exchange. We will watch to see how the evolution of brexit works, what it means in terms of regulations in different areas for us. To date, there has not been a lot of impact so far. We will watch, along with many other international companies, how that potentially affects the attraction of talent to the u. K. Outside of that, today the conduct business all the way around the world. Perg in or out of the e. U. Se, i dont think will matter to us much. Caroline where are you going to build your next Design Center . I think it is likely to be in asia. We will continue to add talent to locations in europe and the u. K. , but in reality, in terms of the number of engineers we need, we have to build potentially a Design Center in india. Caroline that was my conversation with Dialog Semiconductor ceo. Emily thanks so much. To recap our breaking news, expedia has named its cfo as its new ceo. The Company Quickly filling the job after Dara Khosrowshahi unexpectedly quit to join uber. He just tweeted that he is honored to lead the worlds greatest travel company through the next chapter. He has been working at expedia since 2011. Coming up, we speak to the ceo of a leading cybersecurity company, symantec. How the business is faring in the wake of the recent cyberattacks. This is bloomberg. It is 11 29 a. M. In hong kong and 1 29 p. M. I