tv Bloomberg Technology Bloomberg September 28, 2017 5:00pm-6:00pm EDT
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everything has been prioritized. hospitals first, now gas stations. it is a conscious effort to make sure we don't have loss of life. alisa: duke says the most difficult challenge is the distribution of aid. health and human services secretary tom price says u.s. taxpayers will not pay a dime for his use of private charter planes. that is after the president criticized him for the usage. price said he will write a check to the treasury department to cover all of the expenses. house majority whip steve scalise reported to congress today, his first day at work since he was shot at a congressional baseball practice more than three months ago. the louisiana representative was welcomed back to the house with a standing ovation. former u.s.of presidents showed up at the opening ceremony of the presidents cup, the first time three u.s. presidents have attended the matches together since the golf event teed off in 1994. the pga visit -- preparing for a
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visit by trump on sunday. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, toshiba seals the deal. an agreement to sell its chip unit to a bain-led consortium looks set to close. despitehares took off, being priced at the high end of the projected range. my wide-ranging interview with the ceo of microsoft on his new book and building upon the legacy of steve ballmer and bill
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gates. largesto our lede, the tech deal of the year is one step closer to being finalized. finalized an agreement to sell its chip unit to a group led by bain capital. the deal is worth nearly $18 billion. toshiba needs to raise cash to pay for billions in losses in its u.s. nuclear business or wrist -- risk being delisted from the stock exchange. even after months of contentious negotiations, the deal could still be in jeopardy thanks to toshiba's partner in the chip business, western digital. joining me, ian king and alex webb. ian, i will start with you. we are not close to a done deal yet, are we? ian: we are as close as we have been over these months. we've had assigned deal almost -- a signed deal almost several times.
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western does not like this deal at all. emily: why not? ian: it's very bad for them. they've said all along, the last thing we want is competitors in their annex. emily: why does apple want to do this deal? alex: it seems like some sort of which it in the iphone, but the reality is memory drives a lot of profit for apple. when you buy an iphone, you've got the base price. to get more memory, you pay $100 or more. apple might be paying less than $20 for that ship. it's a big way -- that chip. it's a big way of boosting the money they get from every single iphone. emily: could western digital really hold up this deal? what's happening right now? ian: they say they can. they are point of the -- part of the joint venture agreement. they have invoked their right in california. in theory, that arbitration could decide what's going on
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right now is counter to the terms of their agreement and try to overturn it. emily: if indeed this does happen, is it enough to prevent toshiba from being delisted from the tokyo stock exchange? ian: they have gained a lot of interim loans which are contingent on this deal being closed, that this money comes in. they also have some contingent liabilities regarding the nuclear business, which they have to cover. this money is enough, if they can get it done ahead of time. we've been talking a lot about supply chain issues for apple with the iphone x. how would this impact their supply issues? alex: having this doesn't affect any of the recent supply issues, but there is still a multiplicity of suppliers bringing these chips to the table. the reason they don't want to risk the memory chips, if western digital was to get there paws on the business, apple is probably scared that the price would rise. ian: the biggest monster in the
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background is samsung, which has 40% of the market for these type of chips. you can imagine the type of deal they will be putting apple in, given that they are a direct competitor. apple really needs to keep lots of healthy suppliers to counterbalance samsung. emily: focus on the bigger picture for us. if it happens, how does this a product -- affect the broader chip sector, where we've seen a lot of consolidation over the last year? ian: this helps things continue as they were. this isn't really a consolidation. if western digital had been able to succeed with what it was trying to do, this would be more consolidation, fewer suppliers. this would be not in the interest of apple and other big customers. emily: what are you hearing from the apple side of the equation? alex they have confirmed: that they are investing in this. apple's steak is going to be about one point -- apple's stake is going to be about $1.47 billion.
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american companies are not allowed to have any input into the operations of the companies, so they will be a silent partner, but they are trying to help it get over the finish line. ian: to get this deal done in time, you need to go through antitrust approval in japan. if a foreign company has a bigger stake, that becomes harder. they've tried to divide it up. between several companies so nobody has a controlling stake and there are no worries about japan losing its last great chipmaker. emily: any more clarity on what we discussed yesterday, the supply chain issues facing the iphone x in this moment? alex: the waters are still as money as ever. we might have to wait till -- as muddy as ever. we might have to wait till november 3. we are still trying to get to the bottom of it. it's very difficult to get behind that very hard, shiny, aluminum curtain. emily: alex webb and ian king, thank you so much. we will keep watching for this deal. well, twitter has disclosed
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details about suspicious activity on the social media site during the 2016 presidential election. in a broad -- blog post, twitter announced a disabled 22 accounts after reviewing information from facebook showing connection to bogus accounts on the company's social network. twitter revealed an additional 179 related or linked accounts. twitter executives visited capitol hill as part of the house and senate investigation into russian interference in the 2016 election. democratic senator mark warner commented on the meeting, saying the breeding was, -- briefing was, quote, "deeply disappointing." unveils itsopro most powerful camera yet. could this be the key to the company's turnaround? we will hear from the ceo, next. we are live streaming on twitter. check us out at 5:00 p.m. in new york. this is bloomberg. ♪
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emily: taskrabbit has agreed to be acquired by ikea. the san francisco-based startup said it was exploring a sale after receiving interest from a potential unnamed buyer. taskrabbit help to find the gig economy and will remain an independent entity within ikea. the ceo, philpott, will continue to run the deal. terms of the deal were not disclosed.
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gopro has unveiled the hero 6, calling it the most powerful and convenient gopro yet. it is a product the company is betting big on. it also announced a consumer 360 degree camera will hit the market. bloomberg's selina wang spoke with co nick woodman and asked what investors can expect will drive the long-term sustainability of growth. nick: we have to keep innovating and coming out with new and exciting products that excite consumers. i think we did that today with hero 6 black and fusion. black is the most capable and easy-to-use gopro we have ever made. fusion pushes gopro into a totally new market with 360 s pherical cameras. we think this is going to play an important role in the future of how people capture and share themselves. we also made important advancements with karma.
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it now has new features that allows it to film what's up of it, which is unique -- what's above it, which is unique in drones. gopro is continuing to innovate and excite consumers. selina: how else are we going to see it evolve beyond the traditional action cameras? nick: well, a big part of gopro's future is we now see a gopro as an untethered lens for your phone. what we mean by that is a gopro now automatically copies any new photos and videos you capture over to your phone and the gopro app creates a video for you. when you use a gopro, it's like using a separate, untethered lens that offloads all of its footage to your phone. really, a gopro is the ultimate capture complement to a phone. as we think of ourselves in that way and we think about new types of gopros, new types of untethered lenses, we think we
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can dramatically expand our market. selina: action cameras are maturing. smartphones are getting even more durable and waterproof. what's your pitch to those consumers who say we don't need another camera, my smartphone is good enough? nick: well, i think that a phone is a phenomenal camera. it's often in your pocket. it's right there reactively when you want to film somebody or something else happening. but there's a lot of activities where you don't want to pull out your phone. you want to be more in the moment, and you also don't want to film somebody else. you want to film yourself. and so, gopro, with its untethered lens strategy, we think that we can make lenses that complement somebody's use of a phone, but not required them to pull the phone out or have the phone on them. selina: the hero6 is using a custom-designed processor. this is the first time. why go this route? what types of challenges are
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associated with making this yourself? nick: designing and developing a processor with a partner, as we did, there's always risks involved, but there's also a risk that when you are reliant on others' innovation and ingenuity that they put into their own work, into their own processors -- we found that what we wanted to do with the hero6 black, we couldn't do with any other processor on the market. we had to develop our own. it allowed us to hit cost margins.- cost we were able to hit performance levels that would otherwise have been impossible. selina: last year was a challenge. nick: we are taking our destiny into our own hands from a technology standpoint. selina: last year was challenging from a technical standpoint. there were some delays. what have you learned from those
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experiences to make sure this year's products are seamless? nick: we are doing fewer things better. in previous years, we had other businesses we were running, like our media business. onhad many programs going and products that consumers never saw that were more targeted towards professionals. we cut all of that, and focused gopro on what it does best and what our whole vision and mission is, to help people capture and share their lives so that they can celebrate the moment in a way that they just can't with any other camera. selina: being a hardware company is very difficult in the public market. gopro shares have fallen white dramatically since the ipo -- quite dramatically since the ipo, so what are investors missing? nick: we are growing again. the previous column of 2016 -- 2016 -- comp of volumes of our premium products are growing.e
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we are selling more of the products that have better margin and make us more profit. gopro is healthy and growing. i think investors are starting to take notice. selina: let's talk about growth. many say that the market leader has superior features and a similar price point. given the market effect, how much of a revenue driver do you see thrones becoming for gopro? -- drones becoming for gopro? nick: we are really excited about drones. the karma is very flexible. customers like that flexibility, that versatility. it continues to get better. , today we announced followme features as well as a look up feature, unique to drones. we will continue to innovate and advance our drone offering into what comes after karma. emily: that was gopro ceo nick
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woodman. famed investor jim chanos said in june that he would give up petco -- bet against against tesla once the company gives up burning money. you can take a look at this chart. you miss?" "what'd spoke to chanos who said the financials are still not there. jim: this company is supposed to be making money now. it is supposed to be making money now by 2020. i'm guessing by 2019, we will hear by 2025. this company is structurally unprofitable. its capital structure is way too leveraged. emily: chanos also discussed it going, saying the -- discussed allure ofaying the
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it was a good day. what happened? alex: they raised $219 million in their ipo and the stock popped quite a bit. a good tech deal after a couple of flops this year. it was good timing for them. you know roku as the device seller. they sell the boxes where you can stream video from things like netflix and things like that, but they are making a lot more money on what they call -- i asked the ceo why this is a bigger thing for him. >> the fastest-growing content is ad-supposrrted content. one of the top terms that consumers search for is "free." we are transitioning from mainstream tv viewing via linear to over-the-top. as consumers move their viewing more to over-the-top, they want netflix,x services,
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amazon, but they won a lot of free, ad-supported content as well. alex: those advertisements are where roku is making more money. they are pushing for selling ads within the videos online, not just taking a cut of the subscriptions from the likes of netflix or hbo. emily: how does roku plan on competing with the likes of apple and amazon? alex: i asked the ceo this question. he told me while they are number one right now and they will continue pushing that position, they don't rely on marketing. they like customer reviews. they are relying on their current status and also the fact that their platform is basically the switzerland of streaming. any channel can get on them. amazon prime, users can queue up their videos the roku -- via roku. same with netflix. if you want espn live, you can roku.on roku, amazo -- you get it all if you come
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through roku. emily: if they are switzerlandemily:, who are the competitors? is it apple, amazon, someone else? alex: it is apple and amazon and watching on other devices. roku doesn't have a tablet or mobile offering right now. a lot of cord cutters are watching content on those devices where they don't have a play. their bet is still the people like to watch longform video on the tv. whether or not that plays out, i know their new public investors will be watching that battle closely as well. emily: day one of this ipo, successful so far. others have not been so successful this year. how are investors watching this, with regard to the broader public market? alex: it's been slow. i'm here, talking to my sources on the ground in san francisco. people are talking about 2018 as being a big year, which is different for the ipo reporter and the likes of the folks in this round. we broke news on corner g -- on quantergy.
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you have some smaller names that are preparing, but these are not the big, blockbuster deals that you want. the number one one that i will be looking for, the big one, is still going to be dropbox. emily: is that happening this year? alex: we have said they could file as soon as this year, so that's where the situation stands. that will probably be the next biggest ipo. we are also watching spotify and that potential direct listing. emily: alex barinka, great to have you here. the story we tried to tell you earlier, eu's commissioner for justice has said facebook has become a, quote, "highway for hatred." become a,she deleted her officil facebook account because she was tired of being trolled. she announced new eu guidelines to tackle more hate speech. speaking with me last week, she explained what the eu didn't want the social media space to become. >> we want in the european union
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to have internet which will be hate-free and which will not open the space, i would even say, highway for hatred and inciting violence. emily: coming up, my wide-ranging conversation with ceo socgen adella -- satya nadella. a feature i want to bring to your attention, our interactive tv function. watch us live. if you miss an interview, you can go back to it. bloombergr subscribers only. check it out. this is bloomberg. ♪
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so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're 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
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he laid out the timeline to push the bill through congress. gary: they are working. they came in on sunday to start working on the tax plan. they have continued to work every day. chairman brady has said that they will get through the tax plan as quickly as they can. we would hope that we get through the house in october. we would hope to be in the senate in november, and we hope to have a bill done by this year. mark: white house homeland security adviser tom bossert is again defending the trump administration's hurricane relief efforts in puerto rico. the we are mobilizing resources of the united states of america in a way that is absolutely professional, fast, and adequate to meet the needs. now what we have to do is marshall those resources in a way that distributes them -- to do is martial those resources in a way that distributes them throughout the island. mark: he insists that the decision to waive that act was
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made at the right time. 500,000has forced rohingya muslims to flee bangladesh, creating a refugee crisis. newmic state says that it's leader -- russian officials say it was a high probability that al-bag hdadi was killed. the u.s. disputes the claim. global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. it's just after 5:30 p.m. here in new york, 7:30 friday morning in sydney. i'm joined by my colleague, paul allen, with a look at the markets. good morning. paul: let's start off in new zealand where the markets have been trading for about 30 minutes now on friday. stocks are down about -- up about 0.3%. futures are up about 0.25%.
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the aussie slipped as low as $.78 at one point. for delivery to qingdao. a lot of data out in japan today over the next couple of hours. consumer prices for august, expected to rise to 0.6%. are expected to contract. balance of payments data out of south korea. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ emily: this is "bloomberg technology." i'm emily chang. when satya nadella took over as ceo of microsoft, he had a shoes
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to fill. -- had big shoes to fill. what is lesser-known is how nadella made it from india to microsoft, joining the company back in 1992. in his first book, "hit refresh," he sheds light on his life, his career at microsoft, and how artificial intelligence will shape the future. i asked him about his transformation from being what he described as a not so ambitious student to ceo of one of the biggest tech companies in the world. satya: i was not really planning on looking back at my life. i was mostly thinking about, hey, what's the transformation we are going through while we are going through it, because that was the real motivation. but with some encouragement, i went back and tried to sort of trace what are these "hit refresh" moments from my past. i think i now recognize more so than when i was growing up the space i got.
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i think that the ability to think for yourself, the ability to follow your own passion vs. trying to fit a particular mold, in the long run has been more beneficial than any academic excellence in the short run could have. that, i think, is something that i now think is perhaps as important, as we think about all of what we say is needed in education. emily: the most powerful moments for me in the book are the family moments. it's really a love story for your wife and your children, your son, who was born with severe cerebral palsy. how has he changed you as a person and as a leader? sataya: when he was born, i was 29. justu had even asked me, the night he was born, a few hours before, what was going through my head, i would have been more, when is my wife going
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to get back to work as an architect or is the nursery going to be ready, how are our weekends going to change. yet that night, everything changed, when he was born, because of his in utero asphyxiation, he had brain damage which led to cerebral palsy. for the first couple years, i must say i struggled with it. everything that i thought was my plan, in some sense, fell apart. it was all about me. why did this happen to me? why did this happen to us? it was only watching my wife and what she did -- she immediately, just the very next day after her c-section, she stepped up and started caring for him. in some sense, over the years, without actually schooling me, she schooled me that nothing happened to me. something happened to him. and i needed to step up as father. that, to me, is perhaps that --t tough lesson that one in
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that life teaches you, to be able to see life through other's eyes. that's, to me, where a bit more of the need for empathy comes from. it definitely changed who i was as a person, whether it's at home or at work. emily: in working with bill gates and steve ballmer over 2 1 /2 decades, what are the things you want to emulate and what are the things you want to do differently? satya: i think both bill and steve -- one of the things that is just pretty stunning to me is their intellectual honesty. what i mean by that is their ability to see things, good and most importantly, things that need to be improved, with such clarity. and i've always felt that at microsoft there will be lots of people who would run around wanting to be like bill and steve, except that we would not
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have that same level of intellectual honesty. but that is just such a high standard. and, more importantly, such an inspiring standard they set for all of us. emily: so, you know, when you came in, you got the job and you said, look, there's a lot to fix at microsoft. the company is sick. the company has lost its soul. how do you come in and say, everything needs to be fixed, without offending them? satya: the courage to be able to both look at what needs to be fixed and also recognize what is good -- there's smarts for that. it is something i learned from them. bill, in his forward, probably captures the logic of "hit refresh" the best. it's not about changing everything. it's about changing what needs to be changed. therein lies the trick. steve's last piece of advice to
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me was "be your own person." i'm a consummate insider. i grew up in the company that paul and bill founded and that eve and bill created. -- steve and bill created. of that same journey. i'm proud of that journey. yet i have the outsider's perspective, as best as one can have having grown up there. these are things that we absolutely need to change. emily: when you and bill gates disagree, what happens? satya: today bill is very clear. i'm the ceo. bill can give me the most critical feedback, but it's up to me to make sure that i'm leading the company, so there is no confusion on that, but i doubt you, quite frankly -- i value, quite frankly -- if bill disagrees, it's probably something i should look at again. emily: much more of my conversation with satya nadella coming up. apple is being urged to activate an iphone feature that could save lives during a national disaster -- natural disaster.
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mobile phones come equipped with an fm chip. the feature is disabled in iphones, a move that lawmakers are saying could put lives in danger. are directedleas at apple, who accounts for more than 40% of the u.s. smartphone market. coming up, more of my conversation with satya nadella, ceo of microsoft, including what he thought about his meeting with president trump. this is bloomberg. ♪
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with microsoft ceo satya nadella. the company has been very out front in opposing some of president trump's policies. i asked nadella how he decides when to push back. satya: it comes down to what are the timeless values that then have to translate into these principled stands we take. when it comes immigration, making sure we do everything to protect our employees who are contributing not only to microsoft but to the american society,. in the case of dreamers, taking a principled stand. issues.ow we pick these but at the same time, we are not elected officials. i don't have a mandate. we are clear that ultimately we are subject to laws, but we will fight for what we believe is the right of our people. emily: we've seen the nfl getting pushedback -- pushback for pushing back against president trump. starbucks has gotten pushback from shareholders. have you gotten any of that from customers or the board? satya: perhaps the biggest
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recognition, if i've learned one thing in my 3 1/2 years as ceo, is the true multi-constituent nature of the job. it's not as simple as making of it as just the shareholders, just the customers, just the employees, just the government. it's all of these simultaneously all the time. for a large company like ours, a large, multinational company like ours, really balancing all of this is what is required. emily: you've met president trump twice now. what's your impression? satya: both times the conversations were all centered around -- my conversations were around immigration and why i think immigration and immigration reform can drive american competitiveness, making the case for it, as well as the need for american infrastructure, in particular digital infrastructure. those conversations were good. he was receptive to those ideas.
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now we need to keep working and making sure that there is action on it. emily: we are seeing drive to further regulate the tech industry, from google to facebook, from the u.s. to europe. are you concerned about the threat of increased regulation? satya: i think the most important thing for tech rry about is not to wo any impending regulation. you have to be able to look and say, like in our case, in any country, whether it's the u.k., germany, china, or the u.s., how have small businesses become more productive?how have large businesses in those companies become more competitive? that, to me, is ultimately how i think we have to measure our success. that's what's going to cause governments to say, are these companies can trip eating or not. emily: d -- are these companies contributing or not. emily: do you think tech companies -- satya: the pace of change is
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such that we absolutely are going to look at the unintended consequences of technology and make sure that we do not trade away some of these timeless values as there are advances in technology. long before even regulation, it's important for tech companies to, quote-unquote, "self police." make sure that people's privacy is protected. emily: there has been a spate of sexual harassment allegations in tech, many revealed publicly, many more i'm sure happening that we don't know about. what is the responsibility of the tech industry here? satya: first, let's start with recognizing how important it is for our business to have the diverse workforce that is then able to do their best work, but that means you have an inclusive culture so the you can create the products and services that can serve the world. at microsoft, we talk about our
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mission is empowering every person and every organization. it has to start with representing every person and every organization. if you recognize that importance, then you will go to work, like we are, in saying, ok, what's the representation? in our case, women's representation, which is low -- we've been pushing hard in the last couple of years. we've gone and improved it by a couple of points to 27.7%, which is nothing to write home about. we have a long way to go. again, from a much lower base. but the thing that all this conversation in the tech industry is, i believe, the best thing that can happen for this industry, because we are now going to tackle front-on, without having this be something that is not talked about. what about inclusion? it's not just the numbers. the numbers don't happen on their own. it only happens when people feel they can in fact bring their a game. emily: you made a much criticized remark at a
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conference in 2014 about women seeking pay raises. you said, "it's not really about asking for a raise, but knowing and having faith that the system will give you the right raise." you spend a few pages in your book talking about why that was wrong. how has that experience informed your views about revealing your own implicit biases and others having the same sort of awakening? satya: to take a question at a women's conference and answer it literally based on one's own experience, especially sitting in the seat i sit in, it's just nonsense. because what was behind the what are you as the ceo of microsoft going to do to , so the system be more fair that i get the opportunity to do my best work. that, to me, is the real awakening, and that's what i went back and said, wow, how could i not get that, the deeper sense behind the question. for me, i've used it as a
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learning opportunity. for our company, i think we are better off the cause of my real public messing up of that, because we take it seriously. i've had a chance to learn a lot from it. emily: that was microsoft ceo satya nadella. coming up, what he has to say about artificial intelligence and the importance of hardware to microsoft. this is bloomberg. ♪
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satya nadella. the company famously struggled to make smartphones but continued to push forward with other gadgets, from the surface laptop to the xbox. i asked how important it is for microsoft to keep making its own hardware. satya: you know, to us, one of the key things, "if you're serious about your own software, you make your own hardware." i think there is some truth to it. we will always invest in hardware to create new categories. emily: would you ever make a phone again, and under what conditions? satya: one of the things we've isd multiple times is what needed is for us to not be obsessed about categories that are well served. what is considered a phone today will be very different in the future. the question is, is it a mobile device? it is untethered, battery-powered. you wear it on your eyes. what is the future of those kinds of devices? for me, microsoft will always be
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in the end to end computing experiences business, but our goal is to invent categories and reinvent categories. emily: you talk about three big strategic bets for the future in your book, mixed reality, ai, and quantum computing. on the issue of ai, are you at all concerned that google, facebook, amazon, apple could outpace microsoft on ai then become dominant in this ai future that we keep hearing about? satya: to me, what is microsoft's approach will be all around how do we take a i -- ai. today, everyone says, look at me, how cool i am because of the ai capability. that's not how microsoft approaches any problem. it's not about any parlor trick of hours -- ours. the most important thing to us is, are we democratizing so that
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every customer of ours can build their own ai? if we are going to have this industrial revolution, we better figure out a way to democratize it so that every company, whether it's a small nonprofit or a large multinational, can use ai in the context of their endeavor. that's kind of what we want to do. emily: is elon musk right to be warning about the dangers of ai, whether it's in military applications or otherwise? satya: with any new technology, there is a lot of good that comes with it and we should first grab hold of it and then be clear i'd about any -- clear-eyed about any unintended consequences. we've got to be able to use ai to first help empower humans, but, that said, wherever ai runs amok or we lose control, that could be dangerous. so, i think the first ,esponsibility we have is instead of thinking that's going to happen, let us enshrine a set
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of design principles. i think we should abdicate our responsibility, like good user experience, there is such a thing called godod ai. what is the need of the hour is for us to enshrine those principles. emily: robots could take over the world, but hopefully not. satya: i-- emily: what is one product that the competition got to first that you wish microsoft could have invented? satya: there are many products. i wish we had gotten into the relational database before oracle. if you think about one of the most amazing pieces of technology -- or before ibm. i don't worry as much about looking at the product or the technology somebody else got to. the question is, are we able to go back to that sense of purpose that we have, of what we can do with the technology. it has to be something that fits
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with our identity, even if somebody else gets to a quantum computer first, what are they going to do with it and what we are going to do with it is probably going to be very different. emily: you now build many of your products for several different operating systems. what is the future importance of windows to the microsoft future in general? satya: windows -- there are billions of users of windows. 300 million pcs got sold last year. it continues to be a very significant part of what we do, but it's not the only part. i think that's the change for us, which is we now have a much more diverse, robust business. we have xbox and gaming, which spans pc gaming and console gaming. we have more than 55 million xbox live subscribers. we have windows. we have our office 355. we have linkedin -- our office 365.
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we have linkedin. microsoft is a much more diversified portfolio. with linkages between them. that's how i think we are going to keep going forward. emily: my conversation there with microsoft ceo satya nadella. that does it for this edition of "bloomberg technology." this friday, we will be speaking sitethe ceo of a-- as the gets ready to beef up competition with expedia. check us out on twitter at 5:00 p.m. in new york. this is bloomberg. ♪
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