Reporter it is rich in the type of material that is total in helping heal wounds. We sometimes forget about the number of people who are afflicted with persistent wound care, whether it is diabetes or you had a burn. They really have developed this market with fish skin. They can be used and is testing better than other products used. Another product is a contestants pig intestines. The future is here. We are adapting products, adapting things to do things we never thought possible. Using fish skin. It really doesnt do something you probably never heard of but you should know and fundamentally can change the way hundreds of millions of people suffer around the world. This could be a real breakthrough. Oliver it harkens back to material science and biomaterials. It is a very specific Technological Advancement within your guys broader examination of tech in general. There is a lot of interesting developments happening. How did you choose these to be the most interesting or the most compelling in terms of showing where technology is going . Megan the issue with technology is you want to bring it down to the people. You look at global tech, we did not want to just do an issue where here is a bunch of cool new things. We wanted this so you the people in the story behind it. This story is personalized through a guy who found out about this product, traveled to finland because he had a huge issue with his jaw. This is really helping him. The more we put technology in the context of this is what is actually happening and changing everyday lives, it is much more accessible to people and it takes it a well. That is what i love this issue so much. Not just the technology, it is also the people. Carol its also not to Silicon Valley. This is a small town. We think everything is happening in san francisco, but it is not. Megan we cant bring that point home to people more than enough. There is very little in Silicon Valley in this issue. Silicon valley is a microcosm. A lot of people have stereotypes and rightly so. I think what is really important is to get the dynamic of how technology is shifting, the centers were it is cropping up, everywhere from india to berlin. That is the unifying thing with technology. It is happening everywhere, all the time and radically reshaping the future. Oliver speaking of berlin and the computer clubs, this is such a bizarre story that has such a meaningful impact on elections. Carol he just wants to be a member. Oliver maybe in spirit. There is a great look at the people here. Tell us what exactly this story is about. Megan we hear a lot about Russian Hackers and disruption. This is a group in germany that is really wellliked and has been working on safeguarding the german electoral process. The german democracy from hacks for some tight now. Our reporter and i went to goulash night. They say, go for the goulash. Stay for the democracy. It is such a different tale of hackers. Its about love and optimism while hacking these networks. This is a special one and of so glad we profiled. It carol and they have their own cocktail. And they have their own cocktail. It is not rum and coke but it is Something Like that. Also known as the ccc, which is been around since the early 80s. I have been following them for the last several years. Its a good Meeting Place to meet up with tech people in germany because among the thousands of members you have people who are information security, people just starting to hack, an older generation of people who helped run some of it Biggest Tech Companies in germany, as well as teenagers and little kids who are learning the trade. That is part of what they are trying to do. It started in the early 1980s in hamburg as a warning about the dangers of what could happen with computer technology. Now we see some of the things with hacking, etc. We are looking at them now because of the latest threat which is the threat to democracy. Oliver that is the core issue. How this group has a guerrilla resistance against some of the things happening around the world. Tell us about where this came from. You mentioned the original idea that was put together, but who were the founding people and how does the composition of the group look now . At the beginning there was a philosopher, one of the cofounders. He had a manifesto and they started talking about hacker ethics. By the time he got through to the 1980s and 1990s they had performed some spectacular public hacks. Early pay per view websites. They found out how to get a bank to pay them for automated clicks as the at the equipment of roughly 50,000. They returned it to the bank. They cap fingerprints of german officials while promoting biometrics on passports and showed how easy it was to get a ministers fingerprint off a glass at a conference. They reproduced it in their own magazine on pieces of rubber and it could be read by a thumbprint reader. These are stunts that helped them advertised to the german public that they should be wary about what they read in the newspapers and from politicians with promises made to them by banks and governments about their own personal cybersecurity. They continue to this day to do that kind of thing. One of the crucial things is democracywise, 10 years ago they did the same thing with the voting computers. They said these are vulnerable. We should teach them how to play chess. The maker said i would like to see that. Within a month they had one of these very rudimentary consoles playing chess. Badly, the playing chess. Carol why is a germany is seemingly years or decades ahead of the united states, the u. K. , the United Kingdom in terms of thinking about cyberattacks and hacking . How can they are so much ahead of everybody else . What was interesting was it started looking at the data gathered around the world from interference in fake news and elections. One thing we saw was an Internet Institute at oxford that is been tracking twitter activities. There is much higher levels of professionally may news than other content on german twitter been the u. S. Or the u. K. In the runup to elections. The answers we got were the terrible history in germany, from nazism to the secret police who used surveillance on people. Right up to this grassroots resistance of the chaos computer club, and away you dont see in any other countries. Digital human rights organizations. It is a hacker group but also a lobby group. Carol inside the magazine and online you will find interesting out of the chaos your club. Heres clinton cargill. How did you approach the pectoral element of it . We thought it would be incredibly photogenic and you wanted to capture this wild and woolly energy of this group of 800 people. Carol this certainly captures the chaos. It is just nuts. The programming nights is a public event they do to bring it to a wider audience of the german public. They do it with panache. They set up temporary kiddie pools and floating chairs and all kinds of wacky energy. Carol show us some of the other pictures. My guess that you guys describing it for the story, there are probably so many Different Things you can shoot. There was a lot of activity going on. You did show the goulash. And this, this is a great moment. This unicorn mask. As a photo and there i am sick of looking at this mask, put it signifies a certain kind of youthful energy. Shoes off. They set of these large banks of servers in what was an old german factory in southwestern germany. It just was the kind of like a sort of coding rave. There was an energy. Carol it is not like it is this. It is just a ton of people working on this. Whatever kind of seating they can find. Just really getting into it. Carol up next, nokia fights to stay relevant. Oliver we will tell you in which industry. Carol this is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Nokia is working on making itself over. Oliver it is betting its destiny on 5g destiny gear. They cant dominate the mobile phone market for about 1015 years. They were basically the top of the market, beating up motorola and folks like that before falling pretty precipitously off the cliff. Oliver and that country is finland . Right. Oliver what are they doing right now . They used to be so ubiquitous. When we saw the story i thought nokia, title that was a perfect title. They are pretty much out of the consumer market. Their clients basically are verizon, deutsche telekom. It is the cell towers and software that runs them. Carol they sold her handset business to microsoft. A couple of years the handset is this was doing terribly. They got out of it by selling the microsoft. Carol what happened from being ubiquitous, owning the mobile phone market, then all of a sudden not . The iphone happened. It happened to a lot of people but nokia was one of the biggest victims. They basically made a lot of money on these phones. They made them fairly cheaply. They were reluctant to start putting in these touchscreens, which were expensive. They either opted for a cheaper model touchscreen or not at all. People just did not want the phones anymore. Even in finland. Oliver that is not good when he connected a home base. Now they are basically partnering with Big Technology companies. Is it about data services, Communication Services . Where are they providing an essential service . It is basically all the stuff that happens between my phone in your phone. Nokia provides that. It is the actual transmitter, the radio transmitters, the antenna. Increasingly is the software that runs all this stuff. It is more and more softwarebased. It is figuring out ways to use the limited bandwidth to satisfy peoples hunger. Oliver we are not talking about the operating system. Did basically routes or turns your voice into a digital signal in the back into it the sound of a voice at the other end. It basically routes all the stuff that keeps track of are you a verizon customer. It is all this stuff making this complex choreography happen. Carol they are also making a big bet on future choreography in the form of 5g. There are long periods where people are slowly upgrading or maintaining the networks. Then every several years there is a jump to a new generation of wireless standard. 5g is the next one. It is due to start coming online in a couple of years. Carol but not here yet . There are a few limited, citybased trials going on. South korea is hoping to have a system in place for the olympics. It is still a couple of years off. Carol does it work so well . It is not so easy. It is definitely complicated. The consensus is the problems are solvable, but there are tricky problems to be solved. The other question is whether we will need this. A lot of this stuff, for you and me, 4g works pretty well for the uses we need. The argument nokia makes is there is a holding that whole new generation of stuff we will do with this increased capability. Carol such as . The internet of things. It is machines talking to each other, wireless cars, automated factories where all these robots can basically be much more fluid because they are not tied to a cable. Oliver smart homes. Exactly. All these other things are going to get smarter and required data. We will need this new bandwidth. Oliver up next, why china is missing the chips rush. Carol and a restless hong kong greets chinas president. Oliver this is bloomberg. Oliver welcome back. In oliver renick. Carol and i am carol massar. You can listen to us on radio on sirius xm, 106. 1 fm, a. M. 1330 in boston. Oliver and in asia on the Bloomberg Radio plus app. U. S. Lawmakers have record deal making in the chip industry. Unprecedented. Nothing like this has happened in the 40 or 50 years of the chip industry. Getting together at a rapid pace and consolidating into a few concentrated companies that are responsible for the majority of production. The cost of production is helping fuel the m a pace we see in the semiconductor space. When it comes to Chinese Companies that want to be in that consolidation wave they are being left out. How come . There is a geopolitical aspect to this. The Semiconductor Industry is primarily a u. S. Industry. China is the biggest market for chips. 59 i believe of the overall market is actually sold into china. It is really a u. S. Industry. The fastest way to get expertise, the fastest way to get market share is to go out and buy it. Buy companies, and the u. S. Government does not want that to happen. Oliver lets talk about one specific person in the story. Its an interesting anecdote. Tell us about darren billerbecks story. What sort of troubles he has run into . Ian he is representative of the things we talked about. Lattice semiconductor. They specialize in one sort of niche. They got to that point of going to billions of dollars of revenue. It is really too much for them. They were looking around for a buyer. China is out there. It has a National Policy of saying we will build our own industry. That is something that is attractive if you are darren and lattice. There was a partner found in every thing screeched to a halt when its ready information from the u. S. Government to allow the technology to go to china. Carol there is an interesting stat in your story that jumped out at me. The 10 Largest Semiconductor makers control about 56 of the global market. That share is rising. None are based in china, which is ironic considering china is such a huge buyer of chips. They buy the most. Ian just to put that into perspective, bernstein did a report on imports of chips to china outweigh imports of oil in terms of total value. From the chinese perspective that is a huge strategic outflow of money. Not to mention defense and other elements to the Semiconductor Industry that having those industries inhouse gives you. Carol president xi just made his first visit to hong kong since taking office. Oliver he was greeted by prodemocracy protests. Here is matt phillips. What we know about the current standing between xi jinping and hong kong . Matt it is a little chilled i would say. Xi jinping, for the First Time Since becoming president in 2012 is visiting hong kong to mark the 20th anniversary of its handover from the british to the chinese. In that handover, the terms stated china would basically give hong kong is freedom and authority for 50 years. There is concern increasingly over the past couple of years that beijing is encroaching on those terms. There have been a lot of protest in hong kong recently, particularly among young people who want democracy and making free speech. They want to maintain the auspices of the freedoms they have had. Carol i remember they handover, reporting on it. It was a big deal at the time. 20 years later, those freedoms in place and the people of hong kong and joining the freedom. What will be xis message . Matt this message is going to be twofold. One, it will be be careful what you wish for in terms of protests. On the other hand, he wants to be positive with his message and say there is a lot to be gained to strengthen the economic ties between hong kong, which is a huge financial hub, and mainland china. Oliver i think there was a stronger Bargaining Power between hong kong and china at the onset of this relation to because hong kong was at a time where its Economic Growth and its economic strength was a much bigger boom to chinas overall economy. As the growth of china eroded the negotiating Power Hong Kong has . Matt in 1997, hong kong was almost 20 of chinas overall gdp. They had a lot of room to stand on and negotiate from. Now, it is like 3 . China has grown tremendously over the past 20 years. They have a lot more leverage and they are not going to necessarily stand for some of the antichinese rhetoric we have been seeing recently. We have seen some crackdowns where booksellers selling anticommunist paraphernalia and works get abducted and disappear and wind up apologizing in the mainland a few weeks later. There are questions about whether hong kong has diminished in terms of his leverage. Lets remember it remains under british common law. Free speech as an independent judiciary. It has free market capitalist economy which is tricky the kind of fit into the one party policy of china. This has been a relationship that has been fraught for years. Three years ago in 2014, massive protests. They want their recollections. They wanted direct elections it did not get them. Oliver by india cannot ticket cash have it. Carol how lowcost satellites are changing life on earth. Oliver this is Bloomberg Businessweek. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Oliver welcome back to Bloomberg Businessweek, i am oliver renick. Carol why additional payments are not being taken out of india. How satellites are transforming space and earth. Oliver all of that ahead on Bloomberg Businessweek. Oliver we are back with editor in chief megan murphy. India for a while now trying to find a way to wean its people off of currency, paper currency. How is that going . Megan this was a shock move in november to try and take down the bank notes in circulation, which he said was a method to corruption and cut down on that by taking some of those out of circulation. This is a country where 98 of consumer transactions were done with paper so the scramble to moving to digital payments, withdrawing moneys from atms, whether they can scale