Trump. He and Hillary Clinton were also reportedly targeted by russian spies. Mobile news, 24 hours a day hourbyhour 2400 journalists in more than 150 news boroughs around the world. Is next. West emily this is bloomberg west live from the 2016 Bloomberg Technology conference in San Francisco, bringing together entrepreneurs, investors and Corporate Leaders around the globe with minds behind the Game Changing products, processes that will drive the next wave of innovation across the tech industry. ,e heard from a Global Founder drew houston, the twitter share in just a few of the voices of the day, but we will also be bringing you the must watch nextts throughout the hour. Stay tuned for much more coming up on this edition of bloomberg west. First, from its founding google has been at the heart of dysfunction in the tech industry. One of the way they help to continue to drive change is through gb. They have made a range of Consumer Tech advances like uber. They are developing a portfolio in the Life Sciences debate. Joining me now on which industries look rife for destruction disruption. Thank you for being with me today. You said something interesting, that the intersex of bio industry and Artificial Intelligence is a space that is very rife. I am curious what you think of that. Youve invested heavily in biotechnology and you think about it so much. What do you think the impact on ai on bio will actually be . Completely underestimated. We have in thinking and talking about this for a number of years. Around key learning or ai, if applook at a product, and , if you takeoad the same technology and apply to Something Like neo antigens which are a way to detect cancer to you find that technology the search of new diagnostic for cancer, it could revolutionize the entire health care industry. Aily you are investing in company that has early diagnostics for cancer and may even identify it before it becomes cancer. I am curious about that. How do you handle things like over testing . It seems like that should not be a problem, but the idea seems almost too extreme. It is likely biopsy companies. It has yet to work. Physically being able to detect cancer the moment you have it or even predicting up before. This could happen by sampling blood. We do not have the capability yet but the technical challenges , we know what we need to do to get there, and so i am very confident that this technology will exist and we hope we will be the developers on it. Editing . At about gene at what point do we have to Start Talking about the ethical issues of this technology . It is never too early to talk about it. We have invested in a number of companies. There is a flip side to that coin. There are scary things about new technology, fire could be scary because it could burn on your house but gene editing could be scary for all of the things you are imagining but at the same time it could be used to care children with cystic fibrosis. I think the positives will far outweigh the negatives. Emily since we last spoke it has only gotten worse for sarin notes. Should they be running the company . That is up to the company. I do not know how it gets better for here from here . Emily do you think they could turn it around . I do not think there is any way to turn around. I do not think that the technology exists. Emily the Public Markets about been kind to the bio sector. I think the Public Markets are always wrong in the shortterm and right in the long term. If you look at the prospects of sector inike any fulls and out of favor over time it may be quite out of favor now but the reality is it will transform not only the length but the quality and duration of our lives. Recently leftdel unceremoniously. What went wrong and should we be worried about the future of ness . I would not be worried. I think it was reported unceremoniously, but how many successful founders still working today companies that acquired them . Stephen shad founded youtube and they are not there anymore. It is really shocking that tony decided to do something new and ness continues on. Emily is it the ideal to have a founder in the company . I do not know if it is the ideal. I think the reality is they are here for different times. Ceo of google left and now there is another outstanding ceo. I think it depends. Emily speaking of the environment you are investors of uber. I read about them. Emily raising billions of dollars. Firm just and his raised half 1 million. Are we passed the idea of a downturn . Where are we . It is that all adage, the difference between a recession and the depression, a recession is when you are out of work and a depression is when i am out of work. It depends on your point of view. Timehave had an easy raising money. It does not shock me. Uber raised a lot of money and has been an extremely successful company. Are there other companies that are getting left behind . Companies rather than raising money on what they might do, they are raising money on what they have done. You will probably see more ideas over the next few months ipos over the next few months. Emily there is a president ial election happening now, and i am curious what you think Hillary Clinton and donald trump mean for Silicon Valley . That is a good question. I am not so political. The leader that we choose collectively becomes a lot more thoughtful about the issues and Less Headline grabbing in more leadership and more leadership. I am not convinced we are at that place yet. Emily what do you mean . To getink we all need involved, informed on the issues. There are some really important and tragic things going on in the world and we need to be informed about those things in we need to vote and not just bicker online and yell at each other over facebook or twitter but instead, actually look at the plans and proposals and decide what makes sense for you and your family and your life and your friends and at least vote. Gv ceo, always great to have you on the show. Thank you for stopping by. Microsoft acquired linkedin. On this. Those to speak i listen in. I see this as an opportunity for microsoft to expand. Youhe trick is, can encourage them to keep its own culture and yet still get some benefits. Obviously, if they never talk to microsoft, what was the point . That balance is tricky. This might make them take even bigger risks as opposed to being a Public Company that needs to report quarterly. Can reallyt the team think now is the time to really take bigger risks. Up, the legendary bc aiming for infinity and beyond. The futuristic funding of the space energy, next. Twitter is going to be just fine. Our indepth conversation with the venture capitalist later this evening. We are live at the bloomberg conference in San Francisco. I was shocked when he said, i was there. Emily this is a special edition of bloomberg west live at the Bloomberg Technology conference where we have been speaking with the biggest names in Silicon Valley. One thing we are watching, the private Equity Centers making it to the final round of buying yahoo . Verizon, at t and quicken loans founder dan gilbert are also in the running. Could be chosen next month. The final frontier, it is becoming routine for elon musk to land the rocket on a barge in the middle of the ocean. The next test is wednesday. Slash because when millions of dollars and unlike our access for others to follow in his direction. Another company is trying to do for the satellite business was spacex is doing for rockets. They are trying to track things like illegal deforestation or the growth of refugee camps. They are backed by legendary investors steve jarvis in the very good friend of elon musk. Thank you so much for coming to the conference. It sounds really cool, but tell me to business piece. How does this company make money over the long term . When you can scan the entire planet every day and see every part, every day, there is a lot of customers that would pay for the imagery, largely the agricultural sector, national services. It they want to know how crops are doing, in the future that will grow dramatically when you have all of the data, not just where you are pointing satellites, being able to count every car in every parking lot, every day or count every tree on planet earth every day for environmental monitoring. Emily there is a company that kind by the Public Markets. They are attached to the International Space station which is kind of a deadend in the long run. You have a single camera and that is not much you can do with it. In contrast, we have launched 130 satellites and they will be launching several hundred more this year. They are kind of like the internet to a mainframe. There are swarms of satellites around the planet. Emily spacex has had a string of successful launches lately and they are planning their first reusable launch. Tell me about that plan. It is the most important plan. Imagine after everyone way flight of the airplane, flying from here to europe, the airplane flying back, it would cost you many hundreds of billions of dollars to fly anywhere. That is what is happening to the rocket industry. If we could use a reusable rocket, it would be like air flight, inexpensive as air flight. That is exactly what spacex is doing by taking an enormous piece of equipment and find it flying it many times. Emily who do you think is the biggest competition . China and russia. They have an interesting Tourism Business which is going up and falling back down. It takes 25 more times energy to get into orbit. That is a different business. Things have gotten worse outside for the company. What kind of conversations are you having . Am interested in seeing Jennifer Lawrence player in the upcoming movie. It is a kind of hunger games we can all look forward to. Emily i am excited to see the movie as well. Bill mirus does not think there is hope. Is there . I cannot talk about that. She had big dreams and we are wishing her an oscar as well but we are not in the position to comment. Emily are we living in somebody elses simulation . One insk said there is a a billion chance that we are living in someone elses reality. We have heard from others. What do you think . I think it is a fascinating subject, one of the deep philosophical subjects for anyone studying science fiction. I have had a lot of conversations with elon over the years and there is something that we have a limit to our ability to explore the world come of the other Solar Systems of our universe the way a game designer when designer, that we will never get there in our lifetime. If you look at these smaller and smaller scales, there is a fundamental limit to studying our world. Why is that . Maybe because we live in a simulation. That is about as far as the proof goes. Emily you have spoke to elon about this over the years. Where do you agree with and where you disagree . Everything in our world is a copy tatian. Computation. Whether you think of anything as a mathematical construct, everything is exchangeable as a simulation. Beng immersed in one may different than living in a single reality. That is where the philosophical questions come into play when you think about Virtual Reality or a simulated world where how does your brain know anything other than what is being put into it . Emily does it matter whether we are . It might not. It certainly motivates people with latenight conversations. Emily miller said if we are living in a simulation, we can turn it off and we realize were living in a simulation. Always for stopping by. I appreciate you joining us. Up next, was the microsoftlinkedin deal just because of the iceberg . We are live from the Bloomberg Technology conference here in San Francisco. Stay with us. Emily this is a special edition live from the Bloomberg Technology conference in San Francisco. We caught up with Marc Andreessen earlier today. I asked about the current state of Silicon Valley and Companies Like twitter. What is its future . Take a listen. Twitter is a great case study of what Silicon Valley does well. I remember when he was starting it. Somebody is going to need to use linkedin to find a new job. [laughter] it was not that long ago, 2004, 2005. They built an Amazing Company over the last 12 years. I will say eliminate a lot of the guesswork on what these companies are worth. Some of the page 25 billion in cash for them and it is the result of an enormous amount of effort. It is a great business, great service. It has a lot of overlap with microsoft strategically because the window user base are effectively the same user base. I think they will be able to bring those together really interestingly. Emily how does it change the landscape . I think it is indicative of what is happening. As we see more mma in the pipeline, we see more negotiation and we have in four years. I think other agencies but agree with that. I think what is happens is one of the things or the markets have flow. A lot of Public Companies have kind of sat back and watched and watched all of the drama play out in the valley, constantly on the bubble, bubble, bubble. There is a lot that should have happened that just did not happen. Companies have piled up a lot of cash and have had very Good Business and then have to start shopping. You have to fill in gaps in their portfolio and then they can go shopping, they can buy these companies. Of manyit is indicative companies this day. I think there will be a whole lot of these next year and this year. Emily who is going to buy and it was going to get bought . I think that is a good question everyone has to deal with. We try to get them in a position where they can be a buyer. Sometimes, you know, you get some of the comes along and makes you an offer and it is strategic and make sense. American Tech Companies are in a good position to buy. We are seeing a lot more nontraditional buyers, so a lot more of the fortune 500 outsider tax that are going techs that are going shopping, the car inquisitive quite and other kind of Consumer ProductsCompanies Got inquisitive, clothing companies. There will be a run of acquisitions with nontraditional buyers. Emily twitter, is that Wishful Thinking . Part of how we think about a business is the new york arbitrage. I think the new york view is that if we think it is bought, it makes what are more likely to get bought. There is probably one fewer buyer. The acquisition of twitter is slightly less likely, but i am positive they are Big Companies thinking about it and positive twitter is thinking about it. Only twitter is now the other public social network aside from facebook. Can twitter survive . Twitter can survive. Accomplishmentng over the last 12 years, building up assets. They have built a great business. There is no question. They can generate profit anytime they want. It is just a question on how they want to turn the dials to make it all work. They have a strategy to do a lot of new things. I think they can survive just fine. They can be around indefinitely. I think the question more is, Tech Companies are a little bit like sharks. They tend to move forward or backwards, tend to not stay still. I think the question of twitter that people are asking is, ok, under his leadership what are the new things they are going to do . Marc andreessen. Change the future of combat . That is next. If you like bloomberg, you can listen on the bloomberg app. Mark lets begin with a check on your first world news. One of the survivors of the orlando nightclub shooting describes hiding in the bathroom with gunfire ringing out. Hidiago told reporters he under the sink and there were 15 or 20 others already hiding in the handicap so. I remember thinking, when is it going to stop . I just kept hearing gunfire over and over and over again and he kept getting louder, closer and i could actually start to smell the gunpowder. Mark santiago says the gunpowder gunfire started getting closer and closer until gunshots wounded him and his friends. Some advisors are urging benjamin on yahoo to cut a deal toh benjamin that yahoo cut a deal with obama. Some reporters are concerned donald trump is unpredictable and Hillary Clinton is unreliable. Israel is reportedly increasing 5 billion annually. A small fort of april issue the first u. S. Credit card intended for use in cuba. Stonegate bank says its mastercard will be available on wednesday. S permitting citizens to use them for cash advances. This is just after 6 30 tuesday in new york, 8 30 wednesday in sydney and paul allen has a look at the markets. Good morning. The only market in the region open, new zealand and currently off about 1 5 of 1 and that is likely to set the theme for the day. We are expecting declines on the afx,i and on the particularly on a local index oil index. The big story will be the rejection of the inclusion of china shares with its indexes, saying there is a need for additional accessibility improvements. Ci hass the third time ms rejected china shares. That is despite improvements that china has made that occurred from arbitrary trading holds an looser restrictions on the capital flow but it was not enough. They would like to see further improvements with accessibility. We watch and wait for the reaction on the shanghai complex. Composite. Emily this is a special edition of bloomberg west live at the bloomberg tech conf