still with us, david kirkpatrick. talk us through it. we have trump and putin talking. it looks like russian hackers are looking to potentially disrupt the infrastructure of the u.s. what is happening? >> the confluence of the meeting and the news breaking about the attacks on power plants shows there is a lot going on behind the scenes even as the leaders are meeting. in terms of the russians, how you determine these are russian hackers, there were private security at the power plant and also the f.b.i. and n.s.a. multiple sources said all fingers seem to be pointed at russia. the context of this and why the u.s. government is so worried is in the last two years, russian hackers took down the ukrainian power grid two different times. they get more sophisticated as if they are using the ukraine as a testbed for this. when hackers that seem to be connected to russia start hitting a dozen power plants in the u.s., it makes them very nervous. caroline: fascinating really. i want to get david's opinion. how concerned are

david kirkpatrick is sticking it out.lon musk's tesla has won a contract to provide what he calls the world's largest lithium battery which will be used to backup australia's power grid. the carmaker promises to provide 11 megabits of storage. at the g 20.in russian hackers are chief suspects in a breach of at least a dozen u.s. power plants including a nuclear one in kansas. "bloomberg technology" is live streaming on twitter. check us out weekdays at 5:00 in new york, 2:00 in san francisco, 11:00 in london, 10:00 even. this is bloomberg. ♪ caroline: the chinese smartphone maker has turned a corner in sales. they reported second-quarter shipments rose 70%. it is targeting shipments of 100 million units in 2018. the smart phone maker which slipped to six in the first quarter is trying to regain the dizzying growth it wants made as china --one of china's most successful startups. bloomberg has learned russians may be behind cyber attacks a dozen or more u.s. power plants, positioning themselves to potentially disrupt suppl

david kirkpatrick, you are sticking with me.up, from netflix's international search to google results, we will break down earnings and look ahead to the onslaught. this is bloomberg. ♪ these days families want to be connected 24/7. that's why at comcast we're continuing to make our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. alisa: i am alisa parenti in washington and you are watching "bloomberg technology." president trump has hired financier anthony scaramucci as his communications director. he was a fundraiser for the trump campaign and his name has been floated for several jobs in the administration. he spoke to reporters at a press conference to announce that appointment. >> this is an opportunity for me to serve the country. i love the president. i obviously lov

techonomy, david kirkpatrick.ech reporter eric newcomer who covers uber and lyft. what is lyft doing here? after years of saying we are taking a partnership first approach, we are focused on human drivers, lyft is saying , ok, we are going to do work on self-driving cars ourselves. we will build this office in palo alto. by the end of 2018, we will have hundreds of employees working there, trying to play catch-up, and still partner heavily with automakers and other companies. emily: which is the way uber handled it. reporter: right. uber blew it out. first, they hired carnegie mellon researchers. bought otto, which has created a scandal in its legal fight with waymo. uber has been investing since 2015. lyft is starting in earnest to do it itself. emily: there are people who still don't think self driving cars will hit the road anytime soon. uber's, bill gurley, former board member thinks it is , decades out. what is the significance of this? david: i think it is dependent on what kind of geography you are talking

david kirkpatrick of techonomy, great to have you.for this edition of "bloomberg technology." we are live streaming on twitter. that is all for now. this is bloomberg. ♪ >> the following is the paid program. opini and it is expressedons not reflect those of bloomberg lp, its affiliates or its employees. >> the following program is a paid advertisement for the hd mirror cam by inventel products llc. announcer: yep, they're out there, driving recklessly, causing accidents and driving up your insurance rates. this is a show about car accidents. classic cars, and the hd mirror cam, the personal security camera for your car. this is accidents caught on camera with the hd mirror cam.

david kirkpatrick of techonomy, great to have you. of "bloomberg technology." we are live streaming on twitter. that is all for now. this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. ♪ >> from our studios in new york rose."his is "charlie william: good evening. charlie is away. we begin tonight with charles a best-selling author, and op-ed columnist from the new york times. his columns have grown increasingly critical of the trump administration. many see him as one of the leaders of what can loosely be called the resistance. welcome, charles. great to have you

let's bring in david kirkpatrick. ned monthly active users as a key number to watch, that mark zuckerberg had targeted. 98 billion.us was $2. david: they passed it, that is where they are headed. they are pushing on their other products for massive growth, they are getting that from instagram and whatsapp. as a product, an institution, is on such a role that if we do not see another astonishing quarter yet again, i will be surprised. user growth continues relentlessly. joe: something i noticed today is one of facebook's competitors, hardly a competitor anymore -- snap, keeps falling. we do not talk about it anymore, it seems to fall every day. now. in the 13's is that the market saying there will never be a number two in this space? david: i would distinguish between the stock in the company. snap continues to be a competitor in key demographics, particularly in the united states. i do not think it has shown it would be a massive profit machine in the short-term. but it is continuing to nip at facebook's and instagram'

emily: that was our bloomberg tech reporter eric newcomer and david kirkpatrick.ing up, capital funds get bigger. we will chat with the general partner at canaan partners about the record-setting latest fund. and a competition in augmented reality space is heating up. how this company plans to carve out their place in an increasingly crowded field. this is bloomberg. ♪ ♪ emily: in funding news, canaan partners close their latest fund at $800 million. it is the largest fund in their 30 year history. venture funding is ballooning to highs not seen since the dot-com bubble. the surplus of cash help it wouldrivate longer that otherwise be raise on the public market. we spoke with a general partner at canaan. maha: our firm is a diversified fund, unlike a lot of others. about 40% of what we do is health care and 60% is tech. on the health care side we have , had an incredible run of exit, largely due to the fact that we have been very disciplined in certain areas, and the same goes for tech. we feel like there are a lot of areas. emily: you have been there for more tha

david kirkpatrick, you are sticking with me.ter work ceo, chris duggan, is stepping down from the head of the startup he started. hes under a lawsuit alleging sexually harassed a former employee. director will serve in the newly created position of executive chair of the platform. plans for a book he was said to co-author with john doerr have been put on hold. we speak with tom leighton and dive into the second earnings report. this is bloomberg. ♪ emily: breaking news, let's head straight to the white house. we are waiting for an announcement from president trump about a new foxconn factory in wisconsin. the growthincrease of big data with artificial intelligence, and a new ecosystem. it is the key for the future. a.k. will enable new medical solutions. to limit loss in surgery. anden pain in treatment, gradually reduce the cost of health care. foxconn and sharp are committed to building in america this most ecosystem.k. why do it here? yetas invented in america, america does not have a single lcd fab to produce a complete a.k.

david kirkpatrick, you look at the tech world. tesla is a tech company.this loosen elon musk's grip? eva: no, he has 100% grip. we are talking about tesla right after netflix. they have a lot in common. they are both companies to invest in only on the presumption they will take everything. they will single-handedly transform their industry. ways, netflix may have a better long-term prospect of doing that. competitionting from every direction. they are very dependent on subsidies from government. i am a huge fan of elon musk. nobody can pull a rabbit out of a hat like him. joe: i want to go back to the point david brought up about competition, help netflix is not -- how netflix is not necessarily in the same category. letter, it discusses the intensity of competition. youtube, hbo, all these different competitors. is there a mode other than that people like it's shows? -- its shows? have beenthey successful in the marketplace is two things. they have a brand. nobody else has a streaming brand like netflix. they have first to market mover advantage. certain