Transcripts For BLOOMBERG Best Of Bloomberg Technology 20170

BLOOMBERG Best Of Bloomberg Technology April 23, 2017

First to our lead. Anticipation has been growing around the release of Samsungs Galaxy s8 smartphone, with more than one Million Advanced orders for the device in south korea, a new record for samsungs home market. But will the demand be there . Growth is expected to slow down this year. We caught up with an analyst and cory johnson. There is a lot riding on it. Samsung has a reputation to repair. As we were talking about, we did some research. We collaborated with them to do this quick study to see. The note 7 issues did not seem to be a barrier. 60 of consumers said that was not a deterrent for them to consider. With existing owners, it was 65 , so i dont think that is in the mind of a consumer as big of a deal as people made it out to be. I think the media is being more cautious in their review to say, this happened. I think they are playing the cards, but the reviews have been good, and people have been raving about the screen. So, i dont think the note issues are as bad as people think, but now samsung needs to ramp up their marketing to continue to increase demand. Caroline you have been cautious to get to excited about s8. Cory i dont think i have been excited about a device ever. Certainly not a samsung phone. Google needs this to work, android needs this to work. The problem with the note 7, we see the refresh cycle is lengthening. Samsung got a little past because the consumer dynamics have changed, so they were able to skip a cycle or half a cycle and have a shot to maintain their leadership. Caroline ahead of the game when it comes to the iphone 8, we were discussing, and he was saying what we were expecting, and a lot of it was in the s8. And xiaomi as well, the chinese manufacturer which has also come out with curved screens. Within this research, we look at what drives things consumers are most interested in, and screen and camera were still the highest purchase drivers. We will see a move to bevel design, then that trickles down to the low end. The value is there for consumers who will want as big a screen as possible in the smallest form. This would continue. Caroline sticking with smartphones, the man who founded the worlds most valuable company is confident apple will remain on top of the game. We sat down with Steve Wozniak and asked about disruption technology, and where he is in the midst of it. Disruption does not mean a big, wide scale, all jobs. This means the Company Comes across with a new idea, a new approach, and everybody says that is the way of the future, and a lot of Companies Get disrupted, put out of business. That is what disruption means to me. You are talking about, when human life gets disrupted, every change in technology has changed how we live life. It has been dramatic from personal computers, smartphones, highbandwidth mobile. How we live, how we get the same things done has changed so much. You could say that disrupted the ways of the old. Some people grew up with the old. We lament using some of the things that were so precious to us, but the way i always look to change is we create a new world that is different, we lose some things of the past, but it is good. With humans being replaced, it is way too early to come to that sort of horrible, overall assessment. I think we have a pretty good Employment Level right now. Caroline what about apples role in the future, and what products they will unveil . What kind of features do you think will need to come from the smartphone to remain a dominant force . I dont speak for apple. I read as much as you. Ive probably read less than you about what the possibilities might be. A huge company has to look to stay huge, keep alive, and keep going. Apple has done it by spotting new trends, making changes, going in new directions. I would like to see apple in a huge market, like self driving cars. What is apple going to offer that is different from everyone else that will put it in a leadership position . The iphone said a phone did not need to have buttons, it can be entirely screen. It took a while for the world to catch on, but walk into any phone store and thats what you see on all the smartphones, so maybe apple will take the lead on self driving cars, and that will be the way for everyone. Caroline fascinating. Apple has clearance for trials for autonomous technology. Are you an optimist about where indeed apple and the big tech players will remain . You talk about where humanity will be in 60 years. Will we see facebook, google, and apple still the top most Viable Companies in the world in that time, do you think . You know, there are always new things that become these huge entities that take our life sometimes in a new direction. Apple, google, facebook will still be huge and large. The trouble is you get to a certain point of wealth that 60 years is too soon a time to disappear and go out of business. The only way apple could go out of business is to merge with google and changed its name. Just a joke. Caroline that was Steve Wozniak. Moving on to tablets, apple controls 25 of the market share with its ipad, but can it keep up . This week, mark gurman got his hands on the latest ipad and new red iphone, and took a closer look. This is the cheaper ipad, it is 329, the cheapest apple has come out with. You will want this ipad if you are buying in bulk. Maybe for corporate uses or education. In addition, if youre looking to save until an ipad pro model comes out, it is good especially if you dont need support for the smart keypad or stylus. The new ipad is faster than old ipad air models. It also adds live photo support. For investors, it reinvigorates the ipad line at a time when tablets successes are in question. If you are a pro user, you might like the option to look at two windows sidebyside. It makes it easy to search for things then view them. You can also copy text between the two sides. In the notes app, you can use two fingers like a cursor. I can highlight a paragraph, tap it, cut and paste. It makes it really easy to manipulate a few characters to make sure you are highlighting what you want. The new ipad is now on sale. But you might want to look if you can get an ipad air for cheaper from clearance or refurbished websites. You can find us each week on facebook, twitter, and the Bloomberg Technology homepage. We are live wednesdays at 3 30. Thank you. Caroline that was Bloomberg Technology reporter mark gurman. Coming up, we head to facebooks f8 conference. If you like bloomberg news, check us out on the radio. You can listen on the Bloomberg Radio app, bloomberg. Com, and in the u. S. On sirius xm. This is bloomberg. Caroline now to facebooks annual developer conference this week. In his keynote address, Mark Zuckerberg signaled a major focus Going Forward will be augmented reality. Even if we were a little slow to add cameras to all of our apps, i am confident we can push this augmented reality platform. Longterm, all the work we are doing here will go into glasses. It is all the same technology, and this is another step on the path. Caroline we went live to the f8 developer conference with sarah frier. Snapchat announced they will start doing this 3d overlay on the real world. Just in time because facebook comes out at their big developer conference and basically says this strategy that snapchat has, we are going to win at it, so zuckerberg is confident that despite the slow start, they are going to be the ones that are going to get people used to augmented reality, first through their phones, then through some sort of device. Caroline they made a big push into Virtual Reality with the purchase of oculus, many questioning the price they paid, but they are not giving up on vr. There is a focus on the space they launched today. Vr has become this incredibly crowded market. It is the social communication, social software that helps people build their relationships like they do on the main app, so what they introduced was faces where you can hang out with your friends and family in this avatar world. Caroline plenty of energy from the speakers and developers and the crowd, but there was an awareness and note made by Mark Zuckerberg, noting this tragic occurrence over the easter weekend in cleveland, a murder taking place and sadly broadcast on facebook. We can just have a listen to what Mark Zuckerberg said earlier. Our hearts go out to the families and friends of Robert Godwin senior, and we have a lot of work and will keep doing all we can to prevent tragedies like this from happening. Caroline are you surprised he took to the floor and mentioned this . I think his word choice is very interesting. Prevent tragedies like this from occurring. What is the tragedy . Is it that this murder went viral . This will be tricky for facebook to navigate in the future. They rely so heavily on humans to flag stuff when it needs to be taken down. When it was flagged, it took 28 minutes to take it down, but the internet moved faster. What they need to do, and others have echoed this, is to use Artificial Intelligence to determine if these videos are inappropriate for the platform much earlier on. Caroline plenty of challenges but still opportunities as well it would seem. , sarah frier, fantastic reporting from f8. Sticking with facebook, there was also news on the companys messenger platform. Facebook announced new features to make it its primary app. I asked about his goals to make messenger a onestop shop for users. It depends on what you are trying to do, but there are lots of things that belong in a conversational context. And when you think about the messenger app, it is the place you go to coordinate plans of making reservations, building a playlist with friends, or many other things that require some form of conversation and coordination. So, instead of switching to other apps, you can do it right there and then inside of messenger natively, so it is easier to do the things they were already doing. Caroline therefore, no app switching, keeping within messenger, and using bots. This is a way you want to see companies interacting with people, people interacting with companies more. There was a lot of hype in 2016. Can it live up to the hype in 2017 . Every new technology has a hype cycle when it lives on a platform as large as ours. I feel like we have made a ton of progress, up to 100,000 bots, 65 million businesses, of which 20 million respond to messages on messenger every month. Things are happening, and they are happening because we have learned a lot, and because we have built a successful Developer Ecosystem around the product. It now has over 1. 2 Million People using it every month. Caroline of course, for those viewers out there, internet bots is a way of having applications run swiftly, therefore give us the monetization strategy. Will we see adverts coming on . How will businesses be using this to pay you . The way we are thinking about monetization is if we create more value inside of conversations in messenger for businesses, then you want to create more of these, and a great way to do this is to buy ads in the newsfeed in the main facebook product, then open conversations inside messenger. It is creating a new demand for ads, and over time we will test ways for companies to advertise inside of messenger that does not get in the way of messaging. Caroline how big of a part of facebooks revenue do you see messenger being . Do you have a target . Do you have a utopia . We dont break that out. It is very early. Like buying ads in messenger, it is only something that any companies who have built a presence on the platform could start doing since last december, so it is very early still, still very small, but we think with a user base that is what it is and a thriving ecosystem that we will be able to build a solid business. Caroline still ahead, what bill gates says about brexit, and how it can affect Scientific Research in the united kingdom. That is next. Plus, uber has lifted the veil on its finances. We will run through the numbers. This is bloomberg. Caroline this week, celebrations for the fifth anniversary on tropical diseases in geneva, switzerland, producing a roadmap for the control, elimination of the worlds tropical diseases by the end of the decade. Bill gates helped to kick off the event, and manus cranny sat down for an exclusive interview. They discussed the impact of u. S. Taxes, immigration, and brexit. Take a listen. Tax structures, you cant say they are unimportant, but the basic idea of what is going on, whether it is Drug Companies coming up with new drugs or new software, it depends on the innovation and are you meeting the basic needs people have to communicate, manage their business and things like that . So, california is a high tax location, and yet Silicon Valley remains the center of huge innovation, stronger today in terms of its share of the Digital Innovation than at any time in history. So, i am not downplaying tax issues, but what ceos and Tech Companies wake up thinking about every day is how they are going to use ai, where does their ai connect to customer problems. Your mentioned your meeting in terms of informing the president on the world, and building his knowledge base. When you talk about companies, when you talk about a threat of an insular america and an america with immigration, how big of a threat is an immigration change in america . America hasnt had an open door for immigration for a long time. We have a lot of complicated policies that have to do with bringing family members over. Some skillsbased programs like the h1b, if you can fill a job that can otherwise be filled that helps the american economy, you can do that. There is this area of uncertainty. If you want to grow jobs, often bringing foreign talent in, starting to companies or filling new roles, that is a net jobs accretive. People are worried you are bringing in people and lowering wages, so having systems that differentiate between the job substitution peace versus building jobs around that unique talent, the government will probably try to do that harder. The fact it is evaluated in the framework of jobs and economic growth, that is fine. High skill immigration can meet that test. Educating somebody and having them leave the country where other jobs could be created around that person is not a great jobs move. As an irishman with two passports looking at brexit, but you as a Global Technology man, how do you look at the u. K. . Do you look at it going, this is a long goodbye, or an opportunity for the u. K. . In terms of tech, we have done so much in the u. K. What is the threat from brexit, as you look at it from your Vantage Point . The u. K. , whether microsoft, where they have a huge lab there that does amazing work next to cambridge, or for the foundation. We have over a billion dollars of active grants to institutions in the u. K. To build new tools for us. It after the United States is by far the number two place with a huge distance to number three, so maintaining that scientific excellence, which sometimes involves foreign scientists coming in and joining teams there, having the right type of r d collaboration, where the u. K. Has been a huge net recipient of r d dollars, i have been pleased with the chancellor and the Prime Minister have said scientific leadership, creating good jobs, having the strength that is fantastic in the u. K. , that they will work to maintain that, because it would be a huge loss for the world and the u. K. If that was not done. It can be done. They made it a bit more complicated by not being part of the eu, and just the uncertainty about the rules about people, r d, some people are getting concerned about that. Our foundation will be here 10 years from now, 20 years from now, so we can be calm, and i am sure we will get asked as these choices are being made, how do you keep that very strong momentum . Scotland, where livestock is unbelievable, the traditional universities like imperial oxford, i think they are being careful to make sure they are not dropping off on that. Caroline coming up, the state of diversity in the workplace. Our exclusive interviews with anita hill and ellen pao. That is next. And a reminder that all episodes of Bloomberg Technology are Live Streaming on twitter. Check us out at bloombergtechtv weekdays at 5 00 p. M. In new york, 2 00 p. M. In san francisco. This is bloomberg. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Caroline welcome back to the best of Bloomberg Technology. Im caroline hyde. In recent years, a spotlight has been placed on Silicon Valleys lack of diversity. In response, companies have been making efforts to become more transparent on Diversity Efforts by publishing diversity reports detailing gender and ethnic breakdowns of their companies, and pouring millions into initiatives with the aim of recruiting and retaining more women and minorities, but much of what they have done has only shown incremental results. We sat down with two women who have epitomized the fight against Sexual Harassment in the workplace. We sat down with anita

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