Have some work to do. We go into the fall at half strength. This election is too important to go into an election at half strength. We need a real unification of our party. Mark last week, the speaker said he was not prepared to endorse trumps candidacy. Arson is to blame for a fire at a fertilizer plant in 2013, causing ammonia nitrate to ignite. The blast destroyed more than 500 homes. Global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. Im mark crumpton. Emily im emily chang and this is a special edition of bloomberg west from the storied m. I. T. Media lab in cambridge, massachusetts. Its the birthplace of so many innovations like touchscreen devices and gps. We have spent the last few days speaking to the entrepreneurs and investors driving the startup scene and heard from the cities established layers in robotics and i o tech. Now we spend the next hour going behind the scenes to where the ideas are conceived. The media lab specializes in antidisciplinary thinking, looking for misfits and rebels, working on Ground Breaking products no one else would take a risk on. Other ideas that got their start here, the precursor to google street view and one narrow by all it is here just one Mark Zuckerbergs breakthrough price. The media lab is Pioneering Research in biology, agriculture, urban living and more. M. I. T. Sits at the heart of some of the most cutting edge in robotics with Companies Like boston dynamics and irobot. This lab has strong corporate relationships with ties to apple, google, samsung and boeing. The japanese carmaker putting 25 million into a center for research on self driving cars. Here to help us chart this journey and take us to the front lines, the director of the Computer Science and Artificial Intelligence lab. Thank you for joining us. How did boston become the place where robotics would explode . John i think theres Something Special in the air at m. I. T. We work across boundaries and Work Together to create systems to combine the best of multidisciplines. A robot is one of the best embodiments of that. Emily you have said robots will pervade our lives. How so mark in five years, how will my life be different . Daniella it is true my dream is for everyone to use a robotlike everyone uses a smart phone today. To get to this point, we are making huge strides in making robots more intelligent, more able to figure things out. Easier and faster to old new robots and making better ways for humans and robots to interact with each other. Emily paint the picture for me. How will my life be different . John we see advances in the robots ability to perceive the world and manipulate objects. A big one is self driving cars. The level of investment is unprecedented with apple, google are, tesla making investments. In five years, having a car that is much more highly automated will impact your life. Emily toyota is investing a billion dollars to build a self driving car by 2020. Is that ambitious . John yes. Its like the new space race between high tech companies, a lot of them in the valley and traditional companies. There is so much space to revolutionize transportation. Daniella right now, it is possible to have self driving vehicles at low speeds and low complexity environments. The question is how do we scale . How do we go to more complex environments . A university campus, retirement community, a community that does not have too much traffic. You can already implement cars that will safely navigate in these spaces. In the future, will have much more capabilities from these cars. My personal desire is to have the car become my friend. To understand what do i like when im driving, to understand that im having a difficult day because my voice sounds stressed. To understand im out of milk and it could route me to a grocery store. Emily what does this mean for our social and emotional lives . Does this make us less social . Daniella absolutely not. It gives us the ability to work with a machine. John one of the true frontiers is human and robot interaction. There has been a lot of work on adding that social component, so i think robots can become part of our lives and it wont diminish the social aspect. Emily you brought an entirely 3d printed robot that walks. Tell me about that. Daniella this is a way of showing some of our technology for speeding up the fabrication of robots. All you have to do is add a motor and a battery and the robot has embedded in it the entire actuation system. Right now it takes a lot of skill and a lot of maneuvers and operations in order to assemble the robot, you need to be a specialist. But with this technology, you can design a cab model or select the parts, push a button and you have your robot. Emily what do you say to the people who fear robots will take our jobs . John i think the issue is important and has been recurring through history. It has just been accelerating lately. We have had extensive discussions to try to get a handle on this and i cant say i know the answer that i have to be optimistic that robots can take over the dull and dangerous jobs and give People Better things to do with their lives. If we can improve the quality of work people do, i think technology could raise everyone up and lead to full employment. Emily we have talked a lot about googles robots on the show. A lot of people dont know why or what theyre working on, but boston dynamics, that makes these humanoid robots that can walk through snow or walkthrough war zones, now they are selling that company. It was out of fear attention to that the public was scared. What do you think is happening there . Daniella i dont know. Google did not tell me why. Boston dynamics is an Extraordinary Company and they will continue to push the boundaries in robotics. John i think robots can help people. We have a class in Assistive Technology to help people who are disabled or with learning disabilities. In general, technology can help people in that is one of the things i can believe. Robots are just one example. Daniella i fully share johns view but robots are better than us at some tasks. They can crunch numbers, they can lift heavier objects, it is wonderful to think about the symbiosis between man and machine where robots do what they are best at and humans do what they are best at and together, they are much more powerful as a symbiosis. Emily it is asked naming stuff both of you are working on. Thank you both so much for joining us. Continuing with our special program, we are highlighting Research Groups and we want to show you the lab where some of the most advanced bionics have been designed. This is a man who has engineered some of the biggest recent breakthroughs in the technology of artificial limbs. After a mountaineering accident, he went to a double amputation and dedicated his lifes work to people the needed prosthetics. He believes the answer is in biotics. I believe in structures from synthetic or biological material that instantly connect or implanted inside the body that at least normalize human physiological function and from time to time extend human capability. Emily these limbs can do things no other commercially available prosthetics can. The foot ankle i am wearing is the first bionic ankle powered that emulates lost muscle function. All other commercial foot ankle devices are human howard, like a bicycle where only your energy causes the bicycle to move. Emily this technology has been spun out into a startup called bionics. The company has fitted 1300 patients with these limbs. 50 of them are wounded veterans. A new partnership with the World Largest prosthetic maker means patients across western europe can access this technology. The lab is developing exoskeletons, equipment that could augment physical performance beyond what nature intended, enhancing performance for athletes and children and soldiers, making extreme sport even more thrilling. I think in the near future, you will walk down the street in new york or boston and it will be common to see people wearing bionics. Bionics is about selfimprovement and a journey of what humanity can be when humanity blends with the technology and good design. Emily that was an m. I. T. Media professor in the work he is leading. To stocks were watching Electronic Arts surging in wednesday trading after reporting earnings tuesday afternoon. The companys digital revenue suggesting its wellpositioned to manage the shift to online gaming. Disney shares fell the most, concern about the outlook for media. Profits in the abc unit declined and disney shut down its infinity via games operation. M. I. T. Alums have given birth to 795 inventions, 314 pass it patents and 30,000 companies around the world. Our exclusive with m. I. T. President , next. Then we talk to the director of the famed media lab and the Program Responsible for some of the biggest innovations from wearables to touchscreens. Emily this is a special edition of bloomberg west live from m. I. T. s media lab. We just heard from two of the leading minds in robotics research, but lets turn to the president for a big teacher look at entrepreneurship and innovation. We worked with m. I. T. To pull some numbers and found university teaches 63 courses on october ship, 172 members of its faculty members are serial entrepreneurs, meaning they have found in multiple startups, and over 30,000 active companies have been launched by m. I. T. Alums and rating 1. 9 trillion in annual revenue. Joining us now is m. I. T. s president , rafael reif. How do you see m. I. T. s role in the Startup Community in boston and the world . Rafael m. I. T. Is a very unique place. Students with a great deal of talent come here not just because they want to get a degree but they want to do something important to make the world better. They come here to learn and try to work on projects that address the most important challenges the world races. Emily you have a theory that we as a nation leave a lot of innovation on the table like catch of a bottle. What do you mean by that . Rafael if you come to m. I. T. , you see a tremendous amount of innovation. You wanted to go out into society and help address the worlds biggest challenges. Right now, u. S. Is the most innovative country in the world and the system works very well. Some are bought by Big Companies, but that is the way innovation moves through the market and society. The risk capital is only going to ideas that reach success quickly or failed very quickly. The most important challenges the world faces, whether climate change, clean energy, fresh water, food, hiv vaccines, you name it, all of those important challenges take Long Development times. The risk capital is very limited. In that way, we are leaving all the innovation in the bottle. Emily we are based in San Francisco and we talk about stanford being behind Companies Like google yahoo and cisco. Are the entrepreneurs at m. I. T. At a disadvantage because they are not at the heart of the Venture Capital industry . Rafael i would not say its a disadvantage. Many entrepreneurs here end up on the west coast. You mentioned 30,000 plus companies by m. I. T. Alumni. 30 of them are massachusetts. 20 are in california. They can make their company successful. I would not say its a disadvantage. The innovation we have in this country is huge, but not all of it is reaching the marketplace. Im just trying to fine tune the system we have. We do need google, yahoo and facebook. We also need many other kinds of companies. Emily how do you find tune that process when a lot of the opportunities you are working on that are potentially revolutionary but might take 5, 10 or 20 years before they are real . Rafael the most important thing we really need is Patient Capital. There are modern day investors that are more on the flavor of philanthropic investors. They already made their money doing things the way americans do. They want to do good in the world hoping to make a difference. The most important thing we need is Patient Capital but we also need the proper amount of space. Emily we talk a lot about the future of education. I wonder what your view is of the future of Higher Education . We spoke with saul con from the con academy and he believes the more students can learn online, the more they can free themselves to do things offline. Whats the future of Higher Education . Rafael the way i see it, theres no question in my mind that the mits come a stanfords, harvards, thats the best education there is. But it is also the most expensive. We will always need these places, but a provide the best quality. For many, we cannot accommodate. Many of those would do very well here. We need to find a way to get a quality education and the online and Digital Tools help. We are trying to figure out how to combine those two. We have a Pilot Program where you cannot apply to m. I. T. But take online courses and if you do well, we invite you to come to m. I. T. Emily so interesting to have you on the show. Thank you for having us here at the university. Rafael thank you so much. Emily coming up, we are looking at the future of food, pushing agriculture into the digital frontier. Emily this is a special edition of bloomberg west live from cambridge, massachusetts. What does the future of food look like . Here, a group of producers are looking at the future of farms. Our Current System of shipping fresh ingredients across the globe. It targets they are collaborating to gain insight into its grocery business. Take a look at what the open Agriculture Initiative has in store. I am a climate designer. What if we could produce climate anywhere in the world that was very beneficial . Emily one day, in the not too distant future, all of our food will be grown in arms that look like this. These are techniques for growing plants without using soil, in a totally controlled environment. M. I. T. s open Agriculture Initiative says this is three to five times faster and uses less water than traditional farming. Plus it comes with health benefits. A plant, when it gets harvested to win against in your mouth is the grading. We can move it closer to cities so that you might do Something Like harvest and deed within 20 minutes. Emily in these socalled digital farms, sensors take readings every eight seconds, checking a mineral contents to temperatures. Even the light exposure can be regulated to make the plants look, taste and grow the way you want them, essentially creating a recipe that can be saved, shared, and reusable. Can we be decentralized . We know thats going to continue, so do we have a strategic, new type of agriculture for that emily in this decentralized future, what happens to the supermarket . Target is collaborating on a second facility. If you look at who is supporting my work, you see big retailers, Food Companies are the backbone. Thats because they know the consumer has changed. The consumer wants trust and the consumer wants transparency. [ soft music ] e. T. Phone home. When you find something you love, you can never get enough of it. Change the way you experience tv with xfinity x1. Shoah, ha ha. Ew artist. Show me top male artist. My whole belieber fan group. Its not a competition, but if it was i won. Xfinity x1 lets you access the greatest library of Billboard Music awards moments, simply by using your voice. The Billboard Music awards, live sunday may 22nd, 8 5 pacific, only on abc. The top stories this hour. Usually stocks are headed for their first decline in three days. The losers ing tokyo after forecasting a 35 traffic profit drop. Household profits are down 21 this year. Is in talks motors with nissan. Both Companies Say they will discuss the matters at board meetings later today. Earlier, sorcerers told us nissan was seeking a one third which had asubishi scandal over falsified fuel. Home and away has reached its whitest whitest. The entree one against a declining dollar. It allows speculators for from selling in shanghai. Something that where do leaders stamp out. Those are the headlines from bloomberg news. Powered by over 2400 euros. Lets get the latest in the markets. As you mentioned, we are looking at the first loss since monday. Is just coming back online and look at the earlier losses. We had seen this switchover with the shanghai. The breakdown by a third of 1 . It has been down by more than 1 which has seen chinese stocks had to two months rose. Southeast asia is a little bit mix. Have very solid gains on the market. Pricee the higher crude we are seeing it down for tenths of 1 . Costly is looking flat. Having a look at some stocks we are watching in the region. We have been keeping a close eye on to caught up. It is searching by a record after in annual profit. Bridgestone have very much disappointed the market. Mitsubishi is waiting for that to to come online. We will just be seeing it hit the limit when things care off in japan. Casio computer is the worst performer down by 12 . It is a little weak in their against the dollar. That is the picture on asian markets. Emily this is a special edition of bloomberg west where we are focused on the innovation pipeline that comes from the 100 universities that called boston home. Alumni from m. I. T. Have lunch 30,000 active companies, employing 4. 6 million people. A content Delivery Company responsible for running the internet or making sure your netflix shows stream smoothly. The Company Estimates at any given time its delivering 25 of the world where traffic. My guest scales it to a 9 billion Market Cap Company that counts apple among its biggest customers. Welcome back to bloomberg west. You started this company in the mid90s when the internet