megan: above all else ginni rometty is an innovator. ginni: we have estimated a market of $2 trillion to make better decisions. megan: she is creating jobs and standing on principle in a time of political controversy. she is not towed by criticism. ginni: people shoot. megan: coming up, a conversation with ginni rometty. ♪ megan: i sat down with ginni rometty at a conference at the new cornell tech campus in new york city and asked her about ibm's commitment to developing artificial intelligence, or cognitive computing. ginni: we will need help with decisions with the complexity of what is out there, and it doesn't matter what profession you are in. it was this idea that you could help any division be better. i am always reminded of a statistic that studies have been done that, when asked, what percentage of your decisions are right, what percentage would you guess? megan: 100%. [laughter] ginni: studies, on average, one third are great decisions, one third not optimal, and one third are wrong. when you think about that and how much we h

ibm ceo ginni rometty is reinventing the way you use it everyday. r about watson's impact on business. ginni: we are on a path to hit about one billion people will have a decision impacted by watson in some way. financial services. it's interesting to watch. some of the biggest banks in europe have adopted it far more quickly to this. customer call centers. you take 350,000 emails a day, you don't just sort them by keyword for urgency and how to solve them. these are sorted by important sentiment of a client, their customers. that is what they use watson for, possible answers. i was saying to megan that financial crimes, you think people spend all the time decisioning. if i'm doing a dossier on money laundering, they could take me five hours to pull the data together. now i get the data and i spend 15 minutes gathering. and i do it. on weekends i was with a big oil and gas company. everybody has this problem. an aged workforce. many industries, i can name many in the room, have this. how do you gather that knowledge? they use watson to do things like

ginni rometty recently sat down ceo ginni rometty recently sat down with bloomberg businessweek editormegan murphy. carol: their conversation centered around how technology is impacting the workplace and what ibm calls cognitive computing. here is megan murphy. megan: this was such a fun interview. when i do interviews of people like ginni, what i really wanted to grapple with is two they tensions animating her career. one is questions about artificial intelligence, what they called cognitive computing and watson. there is a lot of speculation that this is the part of the business i need to drive big forward., and it is not delivering up to the hype. the second thing i wanted to talk about is this tension between questions about a.i. and disruptions in general, and how ibm, america's oldest tech company, is in the constant process of reinventing that business. she has come under fire for her performance at the company as revenues have declined quarter after quarter after quarter. it is always important, and to look at how she is from a personal and corporate responsibility in these inc

she jumped ahead of ginni rometty at ibm. what can you tell us about that? >> one thing about this list, bill, it's not just about what company you're running, it has to be a big, important company like ibm. cheryl sandberg is chief operating officer at facebook, that's a big job. it's also what impact are you making on the social and cultural scene, what is your job trajectory. so cheryl has changed the way women -- we look at women in the workplace, she's changed the way we look at grieving in the workplace with her bestselling book on that subject. whenever there's a big job out there, whether it's disney or uber or the white house, her name comes up. she is a role model to a lot of women. she's making a lot of changes. she's powerful woman. >> she certainly is. you mentioned some of the reasons why she made the list. and they are varied. but were there specific themes or kind of threads that went through this year's list? >> yeah, we are seeing a lot of changes in this list. the big one is, so many more women in big technology jobs. we just mentioned gin

jamie dimon and ginni rometty about tax reform.body knows our tax code is overly complex but how is it uncompetitive? >> well, it's uncompetitive in a few ways but i think in addition to being overcomplex give it perspective. it's been 30 years since there's been major tax reform and if any of us think back 30 year, no cell phone, no internet. so, i mean that should just tell you about something but how out of date it is. >> we'll have much more from ginni rometty and jamie dimon in our next half hour. including why they say tax reform is so important for the continued growth of the economy and, of course, they also are talking about the failures of inaction here on capitol hill. for now send it back to you, charlie. >> thank you, norah. >>> here's a look at some of this morning's other headlines. "usa today" has an in-depth investigation of president trump's plans for border wall. it examined the 2,000-mile border wall and 4900 parcels of property in texas sit within 500 feet of the border. the government could seize those propert

julia: up next, ginni rometty sits down with megan murphy.s is "bloomberg businessweek." ♪ ♪ julia: welcome back to "bloomberg businessweek." carol: you can listen to us on sirius xm channel 119, am 1330 in boston, 91 fm in boston. julia: and in asia on the bloomberg radio plus app. ginni rometty recently sat down with bloomberg businessweek editor in chief megan murphy. carol: their conversation centered around how technology is impacting the workplace and what ibm calls cognitive computing. here is megan murphy. megan: this is such a fun interview. when i do interviews of people like ginni, what i really wanted to grapple with is two they tensions animating her career. one is questions about artificial intelligence, what they called cognitive computing and watson. there is a lot of speculation that this is the part of the business i need to drive big blue and ibm forward and it is not delivering up to the hype. the second thing i wanted to talk about is this tension between questions about a.i. and disruptions in general, and how ibm, ameri

megan: above all else ginni rometty is an innovator. trillion to make better decisions. megan: she is creating jobs and standing on principle in a time of political controversy. she is not towed by criticism. ginni: people shoot. megan: coming up, a conversation with ginni rometty. ♪ megan: i sat down with ginni

megan: coming up, a conversation with ginni rometty. ♪

dimon of jpmorgan chase and ibm's ginni rometty.he single most important thing congress can do to jump start the economy h. >> the single most important thing, bar none, is tax reform. it's important for the american public to know visible revive ansi is what helps with jobs and wages. >> is it tax reform or tax cuts. >> we hope it's tax reform. when you lower rates, individuals and corporations to have a more competitive system. we've been dlirch $3 trillion overseas that's been reinvested because people can do a better job for the shareholder if it's generated overseas. rate is so high. >> the big picture for everyone is us being competitive means the economy grow an more jobs. >> what would happen if you cut the corporate tax rate, which is about 35% now, to, let's say, 20%. what would happen? what would the effect be? >> it's going cause economic growth and jobs. think about all of us. when you do your own budget at home. you plan your bucket on your aftertax dollar. you decide what kind of houseky buy, what kind of vacation. yo

ibm's ceo ginni rometty is reinventing big blue. to help these companies ai technology every day as the company's revenues fall, but rometty sat down with megan murphy and was asked about watson and ai's role in health care. >> this is another key point about professional ai. doctors don't want a black-and-white answer, nor does any profession. when you interact with ai, you don't want it to say "here is an answer." what a doctor wants is, give me the possible answers, tell me why you believe it, can i see the research, the evidence, the percent confidence. what more would you like to know? that's really what we are doing. the first cancer took almost a year. we are down to less than 30 days now. by the end of this year, watson will have been trained on what causes 80% of the world's cancers. cory: also at this conference, qualcomm's executive chairman paul jacobs. he says he is still confident that their nxp acquisition -- he thinks they will still get it at the price that qualcomm is offering, despite calls by some investors to ra

. -- brand new megan murphy speaking with one of those leaders, ginni rometty.mentedrefer intelligence. we will need help on important decisions, no matter what they are. not only with the amount of data, but with the complexity of what is out there. it doesn't matter what question you are in read it is this idea that you can help any decision be better. i am reminded of an interesting to stick. studies have been done -- an interesting statistic. studies have been done that when asked what percentage of your decisions are right, what percentage would you guess? 100%, exactly. are great decisions, one third are not optical, and one third are wrong. when you think about that and it isch we have estimated the market of $2 trillion to make better decisions. that is what let us call it cognitive. getting through to people about man and machine, not man versus machine. this is an error that will play out for decades -- this is an era that will play out in decades in front of us. a lot of people know ibm and cognitive from watson. from of people know it jeopardy. can y

ginni rometti. >> the pressure is on her, but she has really expanded into new business like cloud, mobilesome -- now, what's the criteria? >> the criteria, this is the most powerful women in business. it's four, the size and lehealt of the company, the arc of the woman's career, the cultural and social influence of the woman and i'm forgetting the fourth one. >> but it's good. >> appearances on "morning joe." >> yes, number of appearances. but it was. how did you know that? i love it. >> tell us about your conference. >> the conference is in a few weeks. we have a great lineup. we have mary barra, arianna huffington, diane von furstenberg. we have jewel, we have billie jean king, we've had mika before, we hope we'll have her again. and a lot of people. >> and by the way, number 47 with a bullet, nbc universal's own bonnie hammer. >> we're doing a great panel on the news business with andrea mitchell. >> oh, very cool. i love it. that does it for us this morning. >> thanks for having me. congratulations on ten years, i forgot to say. >> thank you so much. >> we're all so old. all right. st