i.b.m. . a native of seattle and son of a well family bill gates enjoys creating computer programs and software during his high school and university days with his friend paul allen. bill gates and paul allen they were after harvard and at a computer store at the bookstore in harvard square there was a magazine popular electronics january one thousand seventy five and it had a picture of the out air on the cover that was the gun that was fired the start of the race for them the all to all the dinosaur of posts in the computer who's a rudimentary tool a mix of total switches and flashing lights it is reborn thanks to bill gates and paul island by creating a programming language for the ultima called basic they provide it with intelligence. level lucia knowing. the languages thing was what they were passionate about bill gates and paul allen's goal in one hundred seventy five was to dominate the languages business on personal computers that's why they left harvard immediately afterwards in apr

i.b.m. has announced its first sales growth in almost six years the struggling tech giant had posted a loss for twenty three consecutive quarters going back to two thousand and twelve i.b.m.'s results were boid by growth in its cloud computing operations total revenue in the last quarter increased three point six percent to twenty two billion dollars but despite those numbers i.b.m. still posted a one billion dollars loss and that's due to donald trump's u.s. tax reform. and with that it's over to our manager from stock exchange. why did trump's tax overhaul hurt i.b.m. spot in line. for that is really the downside of the story today because the i.b.m. is saying that they are expecting at least another supply and ground of at least five point five billion us dollars it seems that the company is not benefiting from this latest tax reform at all of this has been also really hurting the share price of i.b.m. shares of the company have been down with more than three percent investors have been f

the i.b.m. p.c. was initially that wouldomething connect to the mainframes and bey later to stand alone to used by an individual. we're now in a networking web gallery. have beside me is google's first web server. was athe time, google very small company with limited funds and so what they did is their equipment on the cheap. they went to a local electronics ofre and bought a bunch combatable circuit theds and mounted them to board that acted like a search engine. did a search in 1999 to 2000, there's a good chance your veryh went through this machine. this system is made out of cork board. if you look underneath all of boards,c. circuit they're actually separated by a thin layer of cork. a wine bottle.n that's the only thing, that little thin layer of cork, that keeping the whole system from bursting into flames so it's designed, in aly sense. it's not really safe. but nonetheless, for starting a basicallyhen you're running out of your own garage or a small tilt-up kind of business, this was perfect

the news this morning is that i.b.m. international business sheens has reported higher revenue numbers for the first time in nearly two years and expects continued growth this year on the other side of the spectrum amex american express saw the first quarterly loss since get this nineteen ninety two amex c.e.o. kenneth chenault all says it was do like other companies we've discussed in recent recent days on this program due to the tax bill passed at the end of last year. well other stocks are making major moves this year let's bring in the ever vessel the list of the stocks you usually tells us about retail numbers but she looks at stocks every day so it's great to have you with us on this comment on this topic you want to comment on the i.b.m. and the amex numbers look at the same part good to see you and yes well i have a scary interesting because the stock has not made brand new all time high since two thousand and thirteen and here we are in two thousand and eighteen so to have an earnings miss like this as far as th

the news this morning is that i.b.m. international business sheens has reported higher revenue numbers for the first time in nearly two years and expects continued growth this year on the other side of the spectrum amex american express saw the first quarterly loss since get this nineteen ninety two amex c.e.o. kenneth chenault all says it was do like other companies we've discussed in recent recent days on this program due to the tax bill that were passed at the end of last year well other stocks are making major moves this year let's bring in to the ever vested ballista arvo of stocks which you usually tells us about retail numbers but she looks at stocks every day so it's great to have you with us on this comment on this topic you want to comment on the i.b.m. and the amex numbers. well look at this same part good to see you and yes well i have a very interesting because the stock has not made brand new all time high since two thousand and thirteen and here we are we're in two thousand and eighteen so to have an earni

meanwhile i.b.m. has announced its first sales growth in almost six years the struggling tech giant had posted a loss for twenty three concerts. successive courses going back to two thousand and twelve results were boy by growth in its cloud computing operations total revenue in the last quarter increased three point six percent to twenty two billion dollars a significant tax related charge linked to the recent us tax reform however meant that the company still posted a one billion dollar loss shares in i.b.m. fell more than three percent following the news. to asia now and the capital of baghdad dhaka the capital of bangladesh dhaka is one of the most densely populated cities in the world and getting around the city is quite a feat the most popular means of transportation is of course the rickshaw the city reportedly has the highest the number of them in the world but the government has been imposing restrictions on they use. this is the easiest way to get around the bangladeshi capital dhaka. chop b

twenty five billion dollar war chest chest only has enough cash to operate through twenty eighteen i.b.m. and dell with a g.m. and ford of the day people are comparing look at your sales compared to their sales and were doing horribly and he stayed loyal to his vision of whatever their vision was and eventually it might have taken twenty years but the same with tesla and twenty years it might eventually it might take twenty years for them to realize the same sort of apple like you know i never see a dell computer anymore back in the early ninety's michael dell told apple computer to shut their doors and shut em to shut down the way i don't know that they they are irrelevant they had failed they were never going to make it. and now course dell is an also ran so that's what happens when a visionary matches the times in which he lives with a product that people want and you have an explosion in market capitalization like apple computer tesla could could be a big wonder could you not let me also compare one more thing and then i have a statement to make about this an assessment and analysis

electronics taiwanese brands like races or enjoyed a solid reputation and also companies like apple or i.b.m. manufactured that but now taiwan's electronics hardware sector faces dwindling market share real profit these days comes from software so time was turning to its startups to invigorate the tech sector. this patient's movements may look a bit clumsy but he's making a lot of progress by walking a few hundred meters it's all possible with this exoskeleton engineered change develop the walking robot first at the i t r i research institute and now it is own firm free by onyx. his colleagues testing the device he's one of some seventy million people confined to a wheelchair worldwide my friend because. they got a cut as they can think up and. they're going to help. taiwan is one of the most high tech places on earth companies like h t c account for around a fifth of the country's g.d.p. by producing computers laptops and smartphones for the entire world but with cheaper chinese rivals breathing down their necks companies in taiwan need to keep their technological edge. in showrooms like th

twenty five billion dollar war chest chest only has enough cash to operate through twenty eighteen i.b.m. and dell where the g.m. and ford of the day people are comparing look at your sales compared to their sales and were doing horribly and he stayed loyal to his vision of whatever their vision was and eventually it might have taken twenty years but the same with tesla and twenty years it might eventually it might take twenty years for them to realize the same sort of apple like you know i never see a dell computer anymore back in the early ninety's and michael dell told apple computer to shut their doors and shut em to shut down the way i don't know that they they are irrelevant they had failed they were never going to make it. and now course dell is an also ran so that's what happens when a visionary matches the times in which he lives with a product that people want and you have an explosion in market capitalization like apple computer tesla could could be a big wonder could you not let me also compare one more thing and then i have a statement to make about this an assessment and an

but front spend joins me and he has some pictures of yes very interesting ones i.b.m. it's announced its first sales growth in almost six years the struggling tech giant it posted a loss for twenty three consecutive quarters going back to two thousand and twelve i.b.m.'s results were boid by growth in its cloud computing operations total revenue in the last quarter increased three point six percent to twenty two billion dollars but despite those numbers i.b.m. still posted a one billion dollar loss they blame it on us president or trump's tax reforms. european farmers are bracing for the arrival of african swine fever calling for the culling of huge numbers of wild boar to prevent them infecting livestock over the last week african swine fever has spread into the european union pharmaceutical companies are developing a vaccine so far without success the outbreak of p. is to have it began in russia authorities in neighboring bella roost banned some imports of russian pork the disease now making its way into the heart of europe it's already crossed into the baltic states

consumer electronics taiwanese brands enjoyed a solid reputation and foreign companies like apple or i.b.m. manufactured there but the local electronics hardware sector now faces a dwindling market share real profits come from software these days so taiwan is turning to its startups to invigorate the tech sector. this patient's movements may look a bit clumsy but he's making a lot of progress by walking a few hundred meters it's all possible with this exoskeleton engineered change develop the walking robot first at the i t r i research institute and now it is own firm free by onyx. his colleagues testing the device he's one of some seventy million people confined to a wheelchair worldwide my prayers because. they've got a cause they can think. they are going to help. taiwan is one of the most high tech places on earth companies like h t c account for around a fifth of the country's g.d.p. by producing computers laptops and smartphones for the entire world but with cheaper chinese rivals breathing down their necks companies in taiwan need to keep their technological edge. in showrooms like

record closing highs as the techs climbed amidst robust economic growth for technology stocks alphabet i.b.m. and chip makers have been the biggest drivers recently but it isn't just the big players in tech that are making moves holland cook hosts the big host of the big picture which airs at seven pm on friday joins us from the consumer electronics show in las vegas holland thanks for being with us for a consumer electronics is a big business in and of itself what's going on in vegas. well this is a three hundred twenty one b. billion dollar business each year this year in the usa alone forecasters grow three point two percent and never once during the great recession did consumer electronics not have an up year so it's a very dynamic industry to watch and there are one hundred eighty four thousand of us from one hundred fifty countries watching it here all week at the consumer electronics show interesting lee the consumer electronics show has given we in the media strict instructions not to use the phrase consumer electronics show in fact the consumer electronics association actually chang

already happening this is not for all things but there are many cases where there are for example i.b.m. watson is being used to give legal advice that and i saw a study that was starting to become more and more accurate and legal then look when human lawyers advice for certain types of law so over time i think that i think that will happen over time well i think it all boils down to the same question you're had to face bit catch and recapture whether some tasks. how to do what have to be completed by a by the humans or better to be delegated to the computers and when it comes to the society can you really ride an algorithm pull power of governance because philosophically i think that's a very interesting i think yes i think i mean i i think it's only a matter of time i don't know how long but i think it's only a matter of time that computers will be able to do everything that humans can now speaking about russia i mentioned before and i know that your community here has roughly six million years or so which frankly speaking is not that much but i heard that russia was the first country

his kim i.b.m. buying it here. behold body send can may but. your sad barn a member who i chaired maintain on choreographs time and again. on me air force and really waves out of a new government department job out of that got going to blackburn so when miss board but in general good jobs kidding you. these men took a break in to a national level. up made a move to new. community schemes goals only projects a sports academy there's one thing that binds all these projects together giving something back so we have a grouping that would start buying. these. things or start records if you. do that and whether this is under construction. going on your motherboard get. better but out of the day about. about one hundred m.b. but i'll get the one up actually garmin on a possible new yacht you see i'm really up on what this is a promise to god. and. one of the sure that isn't top of mine is. doing something with the traffic laws of this chaos you would. make if they broke with them and if they are among them equipped made to home go to house who are goi

the i.b.m. ceo. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. i tabut with my back paines, i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. maria: for the first time in its history the economic forum in davos had all women in charge. >> i think it's a wonderful example. women have so many different achievements. from the head of the imf to if the woman heading cern. it's a demonstration of the influence women have in this world. bar require gives the a different flavor with women in charge. maria: a lot of optimism about the global economy. you just reported earnings for the fourt

keen to get a foothold in the new technologies apple i.b.m. microsoft and google invest billions every year and to developing artificial intelligence and they're already making headlines in march two thousand and sixteen a google computer beat the world champion in the strategy game go winning it requires even more foresight than winning at chess it was a breakthrough that ai experts believe was still a few years in the offing what still a game here is deadly serious elsewhere ai isn't only involved in battles of strategy it will also control real weapons a prospect that has many experts worried if any major military power pushes ahead with ai weapons development autonomous weapons could become the kalashnikovs of tomorrow it will only be a matter of time until they appear in the hands of terrorists. we're paying a visit to you max in abu dhabi it's a trade fair for unmanned systems. there's already a machine gun on south korea's border that could autonomously pull the trigger it's still an exception officially there aren't any autonomous weap

record closing highs as the techs climbed amidst robust economic growth for technology stocks alphabet i.b.m. and chip makers have been the biggest drivers recently but it isn't just the big players in tech that are making moves holland cook hosts the big host of the big picture which airs at seven pm on friday joins us from the consumer electronics show in las vegas holland thanks for being with us for a consumer electronics is a big biz.

record closing highs as the techs climbed amidst robust economic growth for technology stocks alphabet i.b.m. and chip makers have been the biggest drivers recently but it isn't just the big players in techs that are making moves hollin cook hosts the big post of the big picture which airs at seven pm on friday joins us from the consumer electronics show in las vegas holland thanks for being with us should assume or electronics is a big business in and of itself what's going on in vegas well this is a three hundred twenty one b. billion dollar business each year this year in the u.s. sale.

wave is now building these fuzzy college networks and getting inputs from other sources of exactly i.b.m.'s watson machine which is the it's not the fastest computer because the fastest computer that can read the volume of plain language that it does in a different languages so now it's like having a thousand dollars working twenty four hours a day maybe ten thousand of us you can't replicate that with with humans but you can do with machines that can they bring that amount of data and with meaning the machine learning combined with the resulting data in the algorithms is very powerful so they're going to have for a punk band fozzy cognitive network. yet you play instruments i don't much older child and i did every. probably wouldn't be able to keep it between us are ok. let's ask about what this does to the workforce because obviously if you have self arriving cars and. truck drivers for example is a huge work force in america are going in and trucks what happens to the workforce i think there are structural problems with the workforce that have nothing to do with technology and what we

s i.b.m. was there. some other big companies like us as well and some of the indian companies were here to mix. they're interested in promoting sectors like green energy agri tech research and development they want to turn india into a real hot for these types of technologies because they know they're not going to get a lot of the multinationals that are peddling products to the middle classes the middle classes in india are basically missing you've got. a very wealthy super rich elite you then have masses of poor people who are slowly being pulled out of poverty people who are on two dollars a day now and three dollars a day but the people in between on five ten dollars or even a decent wage their wages have not moved a lot of those people if they want to buy an apple product for example and i find the latest one they'd have to fork out half their salary so they still needs to be a lot of reform done in india in the domestic market as well to get that economy going it's the number seven at the moment in

she goes, this annual report i understand what i.b.m. does. and it was 50 vignettes, 50 short little vignettes about how the world and professions and industries change because of watson, a.i., cloud computing, and how it'll make life better. right? my mom goes, this is now i understand. and then she had some comments about the look and the paper type and other things. she gave me a report card. david: did you give any of these comments back tour colleagues at ibm? ms. rometty: yeah. i gave them all. sure. i have a large retail shareholder base. david: you graduated from northwestern and then although you had a scholarship from general motors, you weren't required to go work at general motors but you felt you should. ms. rometty: yeah. this is, you know, these were wonderful programs and from companies in that day and age, this was an effort to get women and minorities into businesses. and at that time general motors had a program which was they went to some of what were the best schools and they said, if i can get you, the deal was i'll pay y

wave is now building these physical exam networks and getting inputs from other sources of checkley i.b.m.'s watson machine which is the it's not the fastest computer because the fastest computer that can read the volume of plain language that it does and a different languages so now it's like having a thousand i was working twenty four hours a day and actually maybe ten thousand i was you can't replicate that with with humans but you can do with machines and can they bring that amount of data and with meaning the machine learning combined with the recent big data the algorithms and very powerful sounds are going to have for a punk band fuzzy cognitive network. yes you play instruments i don't have much older child and i did every. probably wouldn't be able to keep it between us ok let's ask about what this does to the workforce because obviously if you have self arriving cars and. truck drivers for example is a huge work force in america and trucks what happens to the workforce i think there are structural problems with the workforce that have nothing to do with technology and what we're

mercer left i.b.m. to join a new york based hedge fund renaissance technologies there he applied his methods of calculation to the stock exchange in order to predict its punctuations. reactions technologies he pointed. out a rhythmic trade which now is a massive field and how much trading it's down. by applying his mathematical tools mercer revolutionized renaissance technologies investment methods making it the world's most profitable fund in ten years. became very rich. because the performance of the site and which he had his own money here. was extraordinary i mean if it goes up thirty percent thirty five percent every year then pretty quickly you become very. as a billionaire mercer might have chosen to quietly enjoy his new fortune however the former engineer also heads. strong ideas about how the country should be run he decided to invest money to promote his ideas and translate them into political reality. the political system in america is so broken right now because of the special interest mone