♪ emily: welcome to "bloomberg technology," i am emily chang in san francisco. big tech is taking a stand, despite calls of censorship, and stocks are sliding. facebook, twitter and others confirm they have banned president trump from their platforms. and google, apple and amazon also cutting off the conservative app parler.

and bloomberg has confirmed an internal memo from the fbi pointing to more armed protest nationwide in the days leading up to president-elect biden's inauguration. are we in a merit -- are we in imminent danger? we will speak to a guest who has been tracking threats online. and at coin falls the most since march, as much as 26% at one point. it's a meteor cannot hundred percent advance the last two years had even bank of america saying is this the mother of all bubbles? that story in a moment, but first around up on the big stories of the day. of course, big tech under pressure, we saw shares of facebook, twitter and amazon sliding on the back of the preventative measures they have taken to silencing cut off president trump. twitter ban to trump from the platform permanently and

facebook has banned the president indefinitely. guest,to bring in our who will give us around up on markets for the day. where did we end up? >> a major pullback led to the downside for big tech names. s&p 500, nasdaq, even the new york faang index showing you where the pain is. even tesla, the ev darling of last year, has taken a little bit of a pullback as well. shares down nearly 8% on the day. if you look at the board, you will see where we -- what i'm talking about with the pang on the faang index. hit,l media taking a facebook, twitter. those are the companies leading the gains last year. how much can they really gain this year in this political climate? an extremely important question to answer that we will only get after the inauguration, to see how big tech companies perform. i want to hit the semiconductors

index. the outperform on the day, a lot of red on the screen, semis not part of that trade. , the restrictions removed from taiwan allowing outsources -- outsourcing. a lot of drivers here for that stock index. thank you so much for that update. i want to continue the conversation about big tech come these, facebook, twitter and amazon all taking an unprecedented stand. facebook has released new plans for what it plans to do ahead of inauguration day, including banning all content even mentioning the words stop this deal. they banned the group stop the previously, and now posts that mention those three words in a row will be banned as well. i want to bring in sarah frier,

covering the moves of and twitter have been making. what is the latest? we've heard a lot of backlash today, folks are very critical of the decision that twitter ceo jack dorsey and mark zuckerberg at facebook have made. any indication to you that the criticism, the hits in the market today, will change their position at all? sarah: i don't think so. i think what the companies are onng is making a move based what their employees and critics are asking for. instead of making a move based on what they think the incoming administration is going to want, and certainly a lot of statements from democratic leaders have been that this is too little, too late. seen teche've companies, not just facebook and twitter, but amazon, google, ban, theye parler

are realizing the tech responsibility question cuts both ways. it's not just about what they ban but what they allowed to remain on their platforms, and that latter question they are taking into account because it would be very bad for their businesses if they were at all attached to future violence, if they could have done something to prevent future violence. the companies are seeing the traffic on their platforms and realizing that is a real concern. emily: we don't know exactly how the decisions were made, but one of my sources is telling me it came down to mark zuckerberg himself, that he was appalled by the events last wednesday, wanted to do what facebook could to ensure a peaceful transition of power you'd -- power. would berump's account suspended at least through inauguration day, but there is the question of what happens beyond that.

what happens when he is not president trump and adjust citizen trump? is he going to be banned from the platform for good just like at twitter, or will facebook feel the pressure to do that now that twitter has? sarah: sheryl sandberg at a conference today said they have no plans to reinstate trump's account, and it may be a situation where they had the decision -- they handed it off to their oversight board, which is where people appeal to when they get banned. after inauguration, trump is a regular user and subject to the same three strikes rules as other users. he could be suspended more easily. not the kind of leeway he gets as a public leader. the line that twitter and facebook often used with the president is he is a public official in the public has a right to know what he is saying.

that is transparency. and can disagree with that be angry about it and do that in the open. the conversation changes when there are actual human lives at risk. emily: then of course there is what happened with parler, which might be more dramatic than cutting off the president himself. amazon web services saying they will no longer service parler, so they don't have a web hosting platform. the ceo says they will be off-line for at least a week. we are used to seeing what is going on in the president's head, whether it is on facebook or twitter. it's difficult to say what is going on at the white house at this moment, although the president has alluded to starting his own social network. if president trump wanted to start his own social network, how would he do that and what would it look like? sarah: i think it would be

building on the building blocks of his entire campaign. thesempaign has all of contacts, email addresses, phone numbers they have gathered in the course of trying to build momentum around president trump, and through these rallies. we could see more of the trump rallies and a social network feeding off of that. this is a guy who likes the limelight, and if other people are not going to give him the limelight, i could see him working to make his own. i think whether it is a media network or social network or some combination, some trump fan app that ends up becoming a social place, i could certainly see that as a next step. but you also have to consider -- [crosstalk] arey: thank you, i know you doing a lot of reporting on what is happening behind the scenes at these companies so we will continue watching for your updates.

sarah frier there. coming up, is big tech's decision to ban parler and president trump's accounts enough? we will hear from the ceo of the antidefamation league, calling for all social media platforms to ban trump forever. he also has been tracking threats, potentially new riots to come online. that is next. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch.

turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now.

♪ emily: the suspension of president trump's accounts i social media platforms facing strong criticism, the bands

underscoring the power these companies hold over how information is disseminated and the impact the decisions of the people who lead the companies have. running as his jonathan greenblatt, ceo of the antidefamation league, one of the key organizers of the stop profit for hate campaign against facebook last year. jonathan, you have half of america probably cheering this decision, and a large group of people who think these companies have gone too far. you seem to think it is not quite enough, what twitter and facebook have done. where are you on this? jonathan: thank you for having me, emily. i think it is fair to say our country is polarized and divided. the election was a remarkable moment, we had more turnout than ever and it was fairly split down the middle. but let's be clear what we are talking about here. what we saw before and after the election was a rising level of violent rhetoric and incitement

on platforms like facebook and twitter. that's why the stop pay for profit campaign, which successfully moved facebook to action this summer to deal with plate -- to deal with hate on their platform, called for donald trump to be banned permanently from facebook and twitter. facebook has and him indefinitely, as noted in the previous segment. twitter, after our call, banned him permanently as well. the reason we are asking for this and why it is so important is we literally saw the president, with his fingers or , encouraging violence as people were assaulting police officers on the steps of our capital. who were these people? these were not protesters, these were militants. alitants not as part of variety, but a planned attack. it was arguably the darkest day of our democracy. so indeed, it is critical to realize how did that terror attack happened?

it was planned, it was envisioned and encouraged on social media. so yes, i think it is safe to say they are in some ways accessories to this awful act. it is not an unreasonable expectation that this needs to change now. i really would salute amazon for the step they did with parler. pushing parler off of their hosting services was a principled decision because they have to ask themselves, have to look their employees and board in the eye. do we want to be an accessory to an insurgency? what we are talking about is nothing less than a violent insurgency that threatens our democracy. emily: and to be clear, these are private companies, they have the right to decide who they do business with. we don't believe there is any legal issue, but there certainly is an issue about the principle of free speech. there are plenty of folks out there who disagree with you, including republican lawmakers.

tweetedmarsha blackburn to jack dorsey saying why does the leader of iran get to keep his twitter account and the president of united states does not? twitter is more like the chinese communist party than an american company. senator lindsey graham -- i am more determined than ever to strip protections from big tech that let them be immune to lawsuits. permanently banning trump is a serious mistake. what about the concern that this could fire up the president soce -- president's base much we could see more violence or a more extreme reaction because of the disagreement? jonathan: look, i think the militants storming the capital did not represent the entire republican party or even the majority of the republican party. these were terrorists come pure and simple. incitement of violence is not freedom to speak -- freedom of speech. to violence is not

protected by the first minute. senator graham and senator blackburn and others have reasonable concerns. we should ask ourselves, do we want to live in a society where mark zuckerberg or jack dorsey decide what is in the public discourse or not? that is a very reasonable question and we need to have and abate -- a debate about 230. but what we're talking about here, if you look at parler as recently as yesterday, there were calls for a violent insurgency in this country. company saying we don't want to do business with others who would encourage and glorify the killing of five people. the violence and mayhem that ensued. i don't think in any reasonable scenario -- one thing that is consistent with any democratic process. i think we have to look each

other in the eye and say how do we want to be room at in terms of history? do you want to be on the right side of history are not? amino, they are all part of this ecosystem of hate and violence. by the way, it's not just the platforms themselves. the hosting companies, the web security companies, the payment providers, they all need to say do we want to do business with companies that are agents of chaos? just cutting not off the president himself and a handful of other accounts. i mean, the followers of the president and some folks who have been spreading hate are continuing to do that on facebook and twitter, let's be clear. you have been tracking threats of violence and indeed the fbi has confirmed they are preparing for potential armed riots in the state capital of all 50 states as of january 16. what exactly are you seeing in

terms of these threats? jonathan: it is not an understatement to say this is terrifying. center on, our extremists have been tracking these movements and individuals and different groups, and we have seen indeed a lot of chatter around january 17, when there is a boogaloo rally planned in d.c. they want to incite a war in the u.s. on generate 20th, people say they want to take up arms. analysts are looking at different threats where there seems to be a desire, outside of d.c., which they know will be a hard target, to softer targets in the states. this is real. this conversation about free speech is a nice luxury in a constitutional law class, but this is real life. the threat of violence is real. just keep in mind, we saw this over the last six-plus months, we have the occupation of the

state house lansing, michigan where armed militias literally invaded the building. we had a similar effort to do the same thing in the capital of idaho. we had a plot to kidnap and kill the governor of michigan, a plot to kidnap the governor of virginia. these groups are not republicans or democrats. these groups are terrorists. these are armed cells. they are using the technology to organize just like isis in the middle east. we need to recognize the threat it poses. our analysts are working with the fbi, we are tracking and sharing intelligence. i am confident the authorities now take this seriously. we will need that because we have some dark days ahead, and thinking we can just, that this will work itself out is wrong. thinking this is a free-speech debate right now is wrong. physical,threat, a violent threat to our democracy and we have got to treat it with the intention and resources that demands. emily: well, one thing is for

sure, we certainly faced a great deal of -- face a great deal of uncertainty between now and inauguration day. who knows what the next few days will hold. jonathan greenblatt, ceo of the antidefamation league, thank you for joining us. coming up, bitcoin wipes out $185 billion in value just since friday. we will look at the plunge, and if it could be the end of the rally. that is next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.

♪ bitcoin battered in today's trade in its biggest plunge since march. the coins lighting as much as 26% the last two days, -- sliding as much as 26% the last two days, wiping out 185 billion dollars in value since friday, 90% of the individual companies

in the s&p. if we look at the crypto space and why this is happening, our guest is with us. great to have you back. what is driving this today? a sharp movee seen upward. this is par for the course, right? if we go back to previous cycles , in 2017 alone, we saw four pullbacks of 30% or more. the preamble2016, to the 2017 cycle, we had six total pullbacks of 30% or more. this is par for the course. emily: you think it's just a minor correction? ofncer: listen, a pullback 15%, 25% is nothing minor, but we are talking about an asset that has appreciated significantly the past couple of years. when we see the emergence of a new asset like bitcoin going after a massive market opportunity, is not going to be

a smooth price trend. we see that on the upside and the downside. also saw today -- certainly there is a lot going on in mainstream news. we saw those brutal riots at the capitol on wednesday, we have seen big tech making strong moves. facebook, twitter, amazon all down today. we have a transition of power, and inauguration coming up, and no one knows for sure if it will be peaceful. is it possible all of this is connected and this uncertainty and tumult has had an impact on bitcoin? bitcoin look, i think and crypto more broadly and the entire crypto industry really does have its own idiosyncratic growth trend going on. but some of these factors help and hinder the crypto movement at various times.

bitcoin in particular is going after kind of a market segment like gold, then certainly in times of uncertainty like recently, where we see an appreciation and gold, we can expect to see bitcoin appreciate. but i don't think that is a driving factor behind any of this. what we are seeing is the growth story behind bitcoin and crypto more broadly, a much broader adoption, over the last couple of years and in terms of the outlook in the years ahead. emily: what would your call be for bitcoin in the next six months, let's say? spencer: [laughs] people get caught up in price targets. i used to cover salesforce and linkedin before i started writing crypto research, so i get it. something like bitcoin, instead of focusing on random people's price targets, i think everyone would do better to ask a simpler question, which is three years from now, do you think more or fewer people will want to own bitcoin?

i am steadfast in my response that the answer is more. a lot more people will want to own it coin three years from now than already own it. that makes sense. , aryone starts off skeptical totally understandable starting point, and explains why less than 1% of the population owned bitcoin in the first decade. every year that goes by, it coin is proving its robustness, and more people, not less, own bitcoin viewed emily: -- bitcoin. emily: all right, spencer bogart, thank you for your recent impressions of what is going on. our blocking -- blockchain capital partner there. coming up, big tech under big pressure as the app parlor goes dark, as do the president's accounts on facebook and twitter. what does this mean for section 230, the law that gives companies protections from liability for the content users post?

that is next. this is bloomberg. ♪

>> this is bloomberg technology. big tech under pressure as platforms cut off president trump. app stores and amazon cut off parler. platforms are chipping away at free speech. , our bloomberg white house reporter, josh wingrove in washington. what have we heard from the president today, first?

that must be disconcerting at the white house reporter not to have that steady stream of tweets that give you a window inside the presidents head? >> my phone battery is doing better than normally by this time of day from the tweets. [laughter] it normally pink throughout. throughout.- pings the president gave the medal of honor to jim jordan, one of his biggest fans. jordan was one of the republican house members who voted against accepting the results of arizona and pennsylvania in the aftermath of the storming of the capitol last week. we expect to see trump tomorrow, he is due to travel to the border and perhaps will make comments. but he has essentially completely disappeared from public view, since twitter froze him out. and, of course since he delivered his speech last wednesday which lead or keyed up

the storming of the capitol. --nne: what is the latest emily: what is the latest on whether the president will be removed from office on inauguration day? >> it seems almost certain he will not be and he is given no sign he will resign. the 25th amendment is messy, there's back-and-forth involved. mike pence has given no indication either way that he is considering that or has ruled out. pence and trump seem to be at odds now, it is not clear they have spoken since wednesday at all. the third option is impeachment. democrats are moving forward with that but we do not know how quickly it will move in the senate. some are casting it as an insurance policy saying they senate tee it up, so the can move if trump does something agreed to send the final days. but as of now, it looks like he will remain president until january 20. how any people stay around him

is another question. chad wolf, the acting homeland security secretary, resigned today, effective tonight. signs are pointing to legal fights over the nomination which was disputed, as opposed to wednesday's event. what: the big question is, happens between now and january 20? there has been speculation because of the moves of facebook , twitter and amazon and google and apple taken, that we could see the present route on big tech in his final days. in office. we heard senator lindsey graham saying he was going to work on undermining, removing section 230 as well, it is odd because we have not heard anything from the president at all. he does not have the normal platforms he uses to do said railing. you believe because of what has happened to that section 230 is more under threat, these tech platforms will face more

scrutiny in the future? >> i doubt it, to be frank. trump wants to be seen to do something on big tech this week. that seems clear. i think we will expect him to do it that. but he cannot do this on his own, congress needs to do it. if he could do it on his own he would have done it already. remember, it was section 230 over which he vetoed the big defense bill, the ndaa. congress simply overrode him on that. i do not think there is appetite in congress or does not care there is. i do think we will see him rail against it, and he has said he might set up his own thing, his own social media company of some kind. a. his option to jump onto one, like parler, are dwindling. we are seeing that the platforming spread. conservatives including his son sayed is not as fun going on a social media site that is his

son saying that the it is not as fun going on a social media site that is just conservatives. he is in a bind. lovedt twitter. -- he twitter. it is not like his list of social media is twitter and other things. so, to lose his first love when it comes to social media, has to be grating on him. i would add, he is not muzzled. he is still the president of the united states. there's a press corps sitting at the white house right now. he could go right up to the podium at any moment, and say what he wants to say. that would be questions potentially, for doing that, or having them shouting at him as he walks away, and that seems to be dissuading him. emily: without twitter, but with the ability to make news the term national -- traditional way that presidents have made news for centuries, what do you expect the next nine days to look like? what will the president actually do as he moves into his cabinet

and top advisors, what moves will he make? >> i think he will certainly roll out final executive orders, possibly around immigration, for instance. i think he has prepared at least some pardons, we do not know how many he will do. the big question is, will he try to parted himself? there's a whole mix of views on whether he can or should do that. [laughter] likely say, he is going to the border. he is going to tout the border wall, we do not know whether he will speak to the press or take questions from the press. after that, he has not announced their trips or said what he will do on the 20th, whether he will site -- try to do any counter programming to biden's inauguration. biden announcing today after he is sworn and he will go to arlington national cemetery with former presidents including george bush, mark obama --

barack obama, and bill clinton. donald trump will not be among them. emily: our white house reporter, keep us posted. at least your phone battery is full up. sticking with this conversation and the inauguration, section 230, we are joined by bloomberg contributor rick davis who worked on the john mccain campaign act in the day. rick, would you agree with josh's assessment that it is likely present troubles to be in office anyway 20th? -- on january 20? >> yes, i think josh has it right. to try to plan from office will not work, the other one who can get him out of office before the inaugural day is donald trump himself. he can quit. it has been speculated that maybe he would resign, and then have vice president pence give him a pardon.

there deteriorating relationship pretty much takes that off the table. and from what we hear coming out of the white house, maybe he will just parted himself and let everybody work it out in the courts after he is gone. not lookde it does like anything like that is going to happen and there is no real mechanism in congress to do it in advance of the inaugural, so it looks like this administration is going to continue to haunt the halls of congress, long after he leaves office. opinion as is your to whether it and twitter made the right call, cutting off the president? do you think that is fair? >> they are following some itment of public opinion, does not take long to see how unpopular president trump's speech, getting his supporters whipped up to go attack the capital, have been. they know they are under

pressure. the tech companies, on section 230, they were under pressure five years ago. it has been harder in the last two years. but there is bipartisan congressional support for looking at section 230, and doing something about it. but at the end of the day they had to make a call. we know that a lot of efforts have been put into trying to get extremism and hate speech off the internet. public, when the president of the united states is the one using hate speech. so they took a risk, it is hard to tell whether it will pay off in the long run, probably upsets republicans now more than democrats. democrats have had problems the section 230, too, and privacy issues. big tech were in the frying pan in congress all year and they are going to be and it no matter what they did. at least here, they can appeal to the public sentiment and say

we try to do the right thing for our democracy. also cutple and google off the app parler, then amazon did it via aws. i spoke to the ceo of parler a few weeks ago about the nature of the site. he talked about the company subject about the time. -- the company's objective at the time. >> there is a lot of people on the left on the platform, obviously they are outnumbered, which is fine. we are unbiased in that we are not defined by who is on the platform, but our neutrality, that is what we are trying to bring us back to, people's place online, not a place for you know, these kind of big tech oligarchs. >> john mccain used to tell me all the time, emily: at least for the next option,ler is not an

the ceo said they will not be able to provide a service but certainly they will be able to find another web hosting platform. do you think the president joins that, started something? >> what is outrageous about that statement, it is not the people who are on it. it is what they are doing. if you are inciting violent overthrow of your government, you should be banned from that kind of vehicle, right? that is what extremism is defined by. we know the homeland security department has said the biggest threat to our country and our democracy is domestic extremism. if parler is aiding and abetting that activity and not policing at, they have something to account for. i think anybody who digs and can see that parler has been a frequent base, for this kind of discussion online, as to how to

attack the capitol, even as early as last week. i think all these companies have a big issue. there is no clear definition on what to allow and what not to allow. the pendulum for the last two decades has been, let anything happen. and you can see, this pendulum has now swung, and a question is how you police what is on your system and make sure it does not ,iolate the rights of others and is not extremism? add to some degree, how do you decide what a fact is? because part of the problem that systems,red, is these like parler, have their own set of facts. the reality is, that has brewed this kind of discontent. rick, what you think is the future of the republican party and president trump's role in 30 seconds? >> there are good people in the

republican party, and there are people who are going to have to account for the role helping donald trump do what he has done in the last four years, maybe five. so i think there is a clash growing. the question is when does that start to show up? you will keep us apprised of your opinions, rick davis, thank you for joining us. coming up, the massive effort to get the covid-19 vaccine into the arms of americans, just part of the picture of getting people back to work. how is that effort going? slowly. we check in with a health official in florida, next. this is bloomberg. ♪

the effort to inoculate

americans for covid-19 has overwhelmed government websites and left many in first-come, first serve lines come along wants. in new york city residents looking to get vaccines or confronting a multistep sign-up process could accept call he will drink. -- that critics have called bewildering. elderly folks in florida waiting at pop-up sites to get their shots. several areas have turned to eventbrite to help people sign up for the vaccine. among them is florida's manatee county between st. petersburg and sarasota. the vaccine rollout as part of getting americans to return to work and is the focus of this week's work shifting discussion. joining me, the manatee county director of public safety. you have a herculean effort underway now. tell us the latest situation. where your vaccination situation stands? >> thank you for having me on.

we started this process two weeks ago. but we arempy start getting a groove now. we were one of the first counties in florida to stand up a drive-thru vaccination system here in the county. the countyidents in and surrounding counties in florida. you hit the now on your head, it has not been anything short of a large undertaking to get underway. emily: now, we cover eventbrite on this show. it is more known for invitations to events, even parties. how is eventbrite really helping you and is that really the best solution to get folks in line? ,> when we first started this we received an additional push of doses from the state of florida. we wanted to make sure we did not have those residents you

have seen in other areas camping overnight to get a vaccine on a first-come first-served situation. one thing that came right to mind was a scheduling or appointment system we could use. eventbrite came floated to the top for us to start using. we still use eventbrite today in a much different direction then we first started with it but it has helped us out to medically and scheduling vaccinations for the public. this something you think other states, counties should use? as a possibly the solution? h well, it depends on how county, state, wants to operate that type of system. eventbriteally had in a forward facing public capacity, and what we discovered quickly was the demand for scheduling an appointment for

the minimal amount of joyce's we are getting -- a minimal amount of doses we are getting was too great for our county structure and website. we have since partnered with another agency, seamless docs, we shifted those with a high demand that want to get onto or get an appointment for a vaccine. we have opened up a vaccine waiting pool. with seamless docs, a vaccine waiting pool is established and they go on their. dennis we get doses from the state every week, we pull the same amount of numbers with a randomized selection from seamless dock that they put in their to get into that vaccine waiting pool. then our 311 operators make phone calls back to those residents and persons who signed up from the vaccine waiting pool. they then schedule in eventbrite appointments by our. -- by hour.

[crosstalk] emily: what are going to be your biggest challenges as you look ahead to the next week's and months and years of getting the vaccine rolled out? >> our biggest challenges i still believe is the stabilization of the vaccine, federally getting down to the states and the states and counties hands or the department health hands, is still our largest challenge. our vaccination pool is over 70,000 residents, and people in the marijuana to get vaccinated. getting 2000 doses a week because there is not enough federally going to the state, then dividing it to each county is going to remain our biggest challenge. our second challenge is maintaining that vaccine waiting pool and getting those people scheduled for vaccinations. , jacob, we appreciate your efforts to get everyone in your county vaccinated, thank you so much. public safety director of

manatee county in florida. coming up, intel autonomous car , new mobile i -- eye technology to render competitors obsolete as a consumer electronics show gets underway. this is bloomberg. ♪

year, another ces. this year's event is virtual. topics up for discussion include the future of self driving cars. mobileye a self-driving car unit owned by intel is paving next-generation lidar to enable consumers to buy autonomous cars by 2025. the ceo discussed with ed ludlow. >> we are thinking about consumers, a rubber taxi in taxi.-- a robo

to purchase vehicles which are autonomy enable. one needs to reach performance levels closer to level five, the ultimate autonomy. also this is why we need to upgrade. also reaching cost levels relevant for consumer vehicles. kind of a contradictory to vectors that are contradictory, one adding more performance and another reducing cost. away.5 seems a long way why get excited about this now? why should i be interested in a system five years before it makes its way to the real world? >> in our business you must think long-term. , we are all targeting a milestone in terms of how we build and scale robo taxis for 2022.

but the ultimate holy grail is that everyone can go and purchase a car and have that car be autonomy enabled. so whenever you want to sit in the backseat the car will take you where you want to go. that is a dream that can come true in 2025 timeframe. we are in serious discussions with car manufacturers, to start taking this technology for 2025 timeframe. i think it is exciting, and it is the nature of the business that you need to think long-term. not only what is going to happen next quarter or the next year. >> which car manufacturers? >> we cannot yet reveal. but there are serious interested in going into 2024, 25 timeframe for consumers. we have already first steps. i can mention the name of the carmaker. we have a first step of product icing our camera subsystem.

the longest cart we have two subsystems, one only cameras and the other only active sensors. each are fully autonomy capable. we productized the camera subsystem, 11 cameras around the car and powerful commuting engine. it is going to be launched in china september this year with gili, the car manufacturer, at high-volume. this is the beginning of enabling level two, meeting the driver to responsible behind the steering well. but in terms of performance, it can go hands-free almost everywhere, highways, arterial roads, deep urban. this is the beginning of taking driving assists and evolving it to an ultimate level in which you can perform autonomy, but at a failure rate which requires a driver behind the steering well. this is coming quite soon, september of this year.

with: the ceo of mobileye ludlow.g's at -- ed that does it for this edition of bloomberg technology. coming up next, "bloomberg daybreak: asia." ♪

♪ good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. kathleen: the president faces a second impeachment hearing. about will come wednesday unless mike pence uses authority to remove trump first. u.s.-china relations face a reset and washingt