and ghthis was something that was just organized by the tech industry and for the tech industry read wasn't again a lot of cooperation with government. then usskip forward a few more months, we saw a series of d hurricanes in the us. hurricane maria hit puerto rico and wiped out their power grid . wiped out cell phone coverage and who showed up? tesla came forward to rebuild their electric grid. google showed up with project move which are these balloons that provide internet and telecommuting patients coverage and it was this at this time i thought okay, what is going on with the tech industry. they're not justmaking spreadsheets and calendars , they are getting involved in areas that are way outside of our core mission in areas that use to be the sole responsibility of government area with diplomacy, counterterrorism, defense, infrastructure building, citizen services and i thought there had to be some better way to talk about them and just tech. they seemed to have a role to play in geopolitics area so the problem was the term nonstate actor kind of had already involved in to just

this is something that was really just organized by the tech industry and for the tech industry. there wasn't a get a lot of cooperation with government. skip forward a few more months. we saw the series of hurricanes in use, hurricane marie hit puerto rico and wiped out their power grid, wiped outth cell phe coverage. fema didn't show up. who showed up? tesla came forward to rebuild their electric grid. google showed up with project, these balloons that provide internet and telecommunications coverage.e and it was at this time i thought okay, what is going with the tech industry? they're not just making spreadsheets and calendars or apps. they are getting involved in areas where outside of their core mission and aries the use to be the full responsibility of the government. with diplomacy, counterterrorism, defense, effort such ability, edison services and i thought the rest be some better way to talk about them than just tack. he seemed to have a role to play in geopolitics. the problem was nonstate actor kind of already involved being a bad guess i started studying where this

industry and for the tech industry. skip forward a few more months we saw series of hurricanes in the u.s.. hurricane maria hit puerto rico and wiped out their power grid, wiped out cell phone coverage and fema didn't really show up. he showed up? tesla came forward. google showed up to provide internet telecommunications coverage and at this time i thought okay what is going on with the tech industry. they are just making calendars and as per their getting involved in areas that are way outside of their core mission and control responsibility of government with diplomacy counterterrorism infrastructure building citizen services and i thought there had to be a better way to talk about them than just tech. they seem to have a role to play in geopolitics. the problem was the term nonstate actor kind of had evolved as a bad guy. i started studying where the turn happened. >> although would think of mark zuckerberg as terror. >> i did some research and as recently as 2010 the dictionary of social science defines actors with

so personally that you changed on your tech habits? >> there was definitely a time i should not use that social media site.

tech is bad, but tech is boring and unimaginative. i just-- and what i mean by that is like there could be so much more, right? all of the-- forgive me, the tools are in place for there to be a much more interesting, vibrant, creative industry, more exploratory, more experimental. >> the problems we're attack are not big enough? >> have you not heard this criticism? creative or, i think it's -- it's not to say that tech, some companies aren't bad, some are bad and doing bad things, but i guess i feel like there's so much we haven't tried yet and the industry is still relatively young or this -- i don't know, it's hard to just be like this generation of the industry because it's so rooted in the past and i don't want to say that it's exceptional in any way, but got to work with what you've got. i feel there's a lot we haven't tried with respect to kind of untangling some of the problems we found ourselves in now, which are related to things like privatization, commoditization, data collection, centralization, the reliance on ad network

and with the calls to bring out big tech?>> i think this is definitely one of the great challenges and how we approach them. there is no other venue. >> every time one emerges. >> exactly instagram was a tiny company with a tiny number of employees but were very quick to see the competition and gobble them up. this is where regulation to give competition a chance or get a running start but i also think this is where treating these type of trip - - tech companies as utilities because they don't just reside product and services the totality of what you can find on google is not just interesting or useful but the fact it provides the ability to do research in different areas and people that would not otherwise have a need to share their work and to reach other people. regulation is something that we take very seriously if done carefully and not necessarily confident that breaking them up into other businesses is the answer. >> the antitrust laws are not real suited to deal with this but a lot of candidates break up the tech comp

it's interesting that tech giants like i.b.m. are now also jumping on the open source bandwagon. according to they are after more than profit. on the one hand the companies use open source software because they hope this will drive innovation. that allows them to collaborate. the community's collective brainpower for finding software solutions. on the other hand it's about being part of a community producing something available to everyone. so it's a combination of making more profit being more innovative and doing something good . and not only companies have recognized the potential of open source international organizations like unicef and the united nations are also looking to work with the open source community a move which could mean less financially able players will no longer be dependent on private providers. particularly striking is that the united nations have recognized that the availability of free software can help reach this is tangible development goals they're currently running technology innovation labs in various countries that are developing open source softwar

want the money to their source code is open meaning everyone can work on the code but recently major tech companies have several big open source projects how will that source code is open meaning everyone can work on the code but recently major tech companies have several big open source projects how will that impact the open source space will it become less open our topic today on shifts. open source software is unique in that it lets anyone access and develop its source code the open source movement emerged as the anti thesis to commercial software businesses tech giants tend to keep their proprietary code secret companies like microsoft sell expensive user licenses of its patented code the company's founder bill gates even referred to open source projects as a new form of communism now microsoft has shelled out 6500000000 euros for good hap a key open source software development platform and i.b.m. recently bought open source software developer redhat for a staggering 30000000000 euros making it i.b.m.'s biggest takeover ever which impact will this have on the open source community or

the open door is part of the secret of american tech story. this is -- this would be a real own goal if it's really cut off permanently. >> we appreciate your incite. thank you very much. >> thanks for having me. >> well, jessica, warm weather is on tap for the week. take a look at san jose. a beautiful day today. you might be tempted to head to the beach, santa cruz, plan a picnic outside. before you make plans, officials want to you follow shelter in place orders. and roz plater has more. >> reporter: the main order is to shelters in place at home, and keep your social distancing. and there will be not the so subtle reminders. >> a gorgeous day, but if you are planning to drive to a san mateo county beach, think again. this sign along route 1 says sooif miles from home, turn around and go home match they encountered hundreds last weekend that are not following the shelter in place order. >> we were larmed at the number of people that had traveled more than five miles to come in a recreation area. a little over e 500 people. and the travel wa

hey there, and welcome to the week in tech.reed to remove data caps on fixed line broadband during the coronavirus pandemic. a zoom customer is suing the video—call company, claiming that its sharing of data to facebook is a violation of user privacy. we got in touch with zoom who said the facebook software development kit has since been removed from the app. and the owner of video—chat app houseparty has offered $1 million to anyone who can show evidence it was the victim of a commercial smear campaign. this follows claims that downloading the app led to other services such as netflix and spotify, being hacked. it was also the week that robot cars started patrolling the streets of tunisia. in an effort to enforce the country's lockdown, remote—controlled vehicles now approach people on the street asking why they were outside. engineers at stanford have developed an ankle exoskeleton that can be strapped to a user's leg to make running easier. the motors pull a cable which runs up the back of the leg, extending the ankle as the

>> guest: 2 or 3 points i would make, the tech giants, google likes to say competition is a click away. eric schmidt saying that, let's be serious, back to your question, if you were doing a google search in your computer stopped working would you go to being or would you try google again? >> host: i am paranoid. i do -- i use google sometimes, i do some shopping on walmart.com, spreading my data all over the place. >> guest: equal opportunity surveillance. the deeper point, the rules of free-market capitalism do stop working like laws of gravity that has long as both sides know what the transaction is, what is the problem? in this world you are paying not in dollars but your data neither of those things hold. you don't know what you are giving up for what you are getting. you know you're getting a search but you don't know what the data is worth that you just gave google or amazon. it is a very asymmetric transaction and that is the problem right away. when you are doing barter and not paying in dollars that is not free-market, that is not the way adam smith would have imagined it. ad

but that is sort of what is happening in the tech sector.ere looking at these tech companies to stand up their own counterterrorism units known defense mechanisms not really giving them the support they need. >> before the cycle, and after that episode is really an interesting parable about the risks of governments standoffish in us. if dc in the federal government if they can't get its act together to participate in the tech companies are just boy to do whatever they want to do. which i thought was a valid point. at the same time, there's a problem because we know that dc and especially congress, even more than the executive branch does not and cannot keep up with that and we have all of these lawmakers who made their careers and insurance ourselves or even medicine and law. but they showed zero grasp of technology. i remember during the zuckerberg hearing, when he was asked if facebook was the same thing is twitter. and how facebook made money. and clearly not been on the platform at all. these people could be better staffers or whatever b

tech has led on the upside. tech hasn't sold much in the downside.y been baked in. what do you know your shopping list needs to look like? kathryn: i think it needs to look at the broad s&p. the market has priced in a v-shaped recovery, and i think the recovery is going to be worse than what the market is currently expecting. what you have to be focused on is tech. once you get that downdraft, you do want to buy tech. you want to buy staples. this is a recession the likes of which we haven't seen since the great depression. so i think you want to be into those defensive names. tech is certainly what is going future productivity, and i thick that is where we need to be. but the fact is one can't discount another correction in the offing. i think that is going to be coming over the next couple of months. for those clients i talk to that are listening right now, this fomo i am hearing, i would caution those investors not to take may be a premature rally that doesn't have legs. i think you are going to see opportunities in the market. you are going to wa

this was something that was organized by the tech industry and for the tech industry. but again a lot of cooperation with government. that a few more months we saw a series of hurricanes korea hit puerto rico and wiped out the power grid and cell phone coverage nobody showed up who showed up? those that came forward to build google showed up to provide internet and telecommunications coverage. and at this time i thought what is going on with tech industry there are just doing spreadsheets and calendars and app but getting involved in the core mission of used to be the full responsibility of government. diplomacy counterterrorism citizen services and i thought there has to be a better way to talk about them than just tech maybe they have a role to play in geopolitics. so the problem was the term nonstate actor had eve all into a bad guy so i started to study where the turn happened although do some look at tech as bad guys. [laughter] but as recently as 2010 the dictionary of social science to find nonstate actors like the un and nato so even then they were not consider

i know there's still a significant wage gap in tech, still a diversity and inclusion problem in technd it's in the entire pipeline. the problems are systemic. they go way back. there are also problems of diversity and inclusion in computer science programs, in computer science education leading up to that which is why there's such a strong emphasis now on s.t.e.m. education at a really young age so we can engrain in kids that tech is for everybody, not just for boys, it's for anyone interested in it. i also think part of dismantling this is beginning to question what is technical, what qualifies as a technical job. i think we associate classical programming with a techy job and all these peripheral jobs or round it like user interface design which are seen as being not aztec cal and not given the same kind of economic remuneration in tech workplaces. those jobs to me are very technical and they are part and parcel of making good software products. i think it's kind of brick wall we have between front end and back end is really dangerous and makes for bad products. i think there's mor

it was heavily weighted towards tech.the downturn was least impacted by tech and everywhere else more so. this one truly will be across the board. i do think this will be more serious than the two other downturns that have happened in the last 20 years. emily: all right, jana rich. really appreciate you joining us, obviously so much going on. jana rich, founder of rich talent group, with some fascinating insight across silicon valley. we are still standing by for the white house briefing to begin. you can check out the bloomberg for headlines from that. you can watch it on live . expect you details on the president's reopening plans, what that might mean state-by-state. he was earlier saying states needed to be liberated to do as they wish that they reopened. we are already seeing states like texas and minnesota starting to ease their restrictions. looking at a live look at the podium there. tune into the bloomberg if you want to watch. this is bloomberg, and that is it for bloomberg technology. i'm emily chang. ♪ dav

the big tech names are up big time on a year-to-date basis.tor was in positive territory this month. the banks have been a big break. utilities and the tltro in the oil and gas sector have only done 3% to 4%. it is the absence of the tech story in europe that has held it .ack relative to the u.s. story individual names on the day, there are a few we are focusing on. lloyd's taking big revisions. the real surprise, and we will talk about this more with jason gammel of jeffries is royal dutch shell shall. have not seen that since the second world war. lloyd's down 6%. 8.65%.re down that adds downside to the dax as well. the story today has been about the income that would have come from places like royal dutch that is theoyd, and concern for royal dutch shell. europe is underperforming because it did not have tech. over to you. vonnie: more than 30 million people are now unemployed in the united states. it is something phenomenal. that was off the gdp data yesterday, weighing on stocks today, and a raft of earnings. a juggernaut of a day for u.s

remember the tech giants are also part of the solution. whether it's able to allow people to where they are positive i understand that there's this argument about invasion of privacy. we all want to be able to get back to work and to be able to resume our lives what you've heard from a lot of tech companies is that they are going to participate in ways to test, to track, to you know, conjunction with all sorts of, i think, attorneys general in the united states who know that we have to solve the problem. you've heard positive things about their participation in this effort which also is helping the stock prices we have 10 out of 33 names that are flat or up for the year. those are primarily those large tech names do i think that's reasonable given this environment it seems bit extreme >> you keep using the word a little bit a little ahead you don't sound like you truly think we're way ahead of where we maybe should be am i misreading you? >> you know, scott, we're in an environment where money on the sidelines earns zero that the bond mark

there is a lot of literature about tech that reflects my own experience. so, i think that there's a lot of literature about the book publishing that reflects the common experiences and how it hasn't changed for like 60 years, so it is consistent material. >> this book is focused on the two years i spent in book publishing. >> so, we go from book publishing into silicon valley initially the first is still a jump from publishing and i wonder if there is now i guess you are a skeptic of the arena but it's what they were selling. if you have a certain skills that you can go into whatever company to know what you are trying to do and accomplish. >> this feeling of being in the mission driven. >> the first product everyone was careful to. but it was initially just for iphone, like the library monthly fee and i had reached out because i read on the blogs that this company had $3 million. >> [inaudible] for me, $3 million was like oh, shit -- sorry, c-span, this is what the industry will be. i want to do that because i couldn't see a future for myself in books. >>

and you should be mad at tech that makes things worse.ou're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >> happy friday, everybody i'm melissa lee and it is time for a special edition of options action and we are joined -- >> the stock is up 14% over the past month, but the stock master is not convinced that the run will continue. carter, what are the charts telling you? >>. >> well, of course, look. >> this is a darling along with the super cap name, but its behavior since january has been very poor relative and let's take a

aureen moore, tech is seen as safe haven play. you can look at these discrepancies to see how important not just tech but really these large mega cap names have been playing in the rally. equal weighted version of the nasdaq. amazon, microsoft, still down 7% on the year. cap, where they really do rule the game, now less than half a percentage point away from being unchanged on the year. emily: where to next for the stock market now that some key resistance levels have been broken? sarah: the nasdaq plunged really quickly its 50 day moving average. on the s&p 500, it punched through the retracement level. pointing to that 50-day moving average, about 1.5% away. this large debate over this -- over whether this of aprily or the start market. that this is short-term and tactical. it does not mean there will not be more volatility to,, but why the change, he says, is because beennderlying momentum has so strong. recognizing the momentum we have seen in big cap tech. morganjamie dimon of jp saying reopening potentially by summer. what d

one, because tech history is complicated and by definition, distributed. often, tech innovation coalesces among multiple emergent paths and not so much in a clear and linear way, but i also do it because i am trying to tell a feminist story and to me, the opposite or the corrective to your standard great man history is not necessarily a great woman history. it is something that's a little more nuanced. one that reflects the collective nature of our efforts, our shared goals, and the many subtle ways that we influence one another as we go about our lives. but why tell the feminist history of computing at all? well, for me, it is personal. i am 35, i'm an old millennial, and i grew up in a home that was full of computers. my dad worked for intel corporation and we always had computers in the home. i never felt growing up that computers were for boys or for girls any more than i thought the television or the toaster was for boys or for girls. it was just an appliance that was in the house. it happened to be an appliance that could transport you to other world

europe has a smaller tech sector. that is a concern if you think that sector is the one coming out of the strongest. ofope has done a better job perhaps preserving work, places like germany and france, you can get the demand back and do not have such a hill to climb in terms of getting people back to work. i think that break down is going to be a concern in the u.s. as well. we know women and lower paid workers who have been doing a bit better the last four or five years in the u.s. after a long time of problems, certainly for the low-wage sector, it is that bit of the labor market that has been really hit and you have to worry about that on both sides of the atlantic. david: stephanie flanders, thank you so much. bloomberg senior editor for economics. coming up, we will talk about sam palmisano, the former head of ibm. ons is "balance of power" bloomberg television and radio. ♪ david: welcome back to "balance of power" on bloomberg television and radio. this is "balance of power" on bloomberg television and radio. we

this though polarizes us politically and if you think about the power of these tech buttons. corporate giants have always had political power. the robber barons, the railroad tightens. every ceo, every counter, every billionaire when they get to be a certain size in half, by politicians, by lobbying power but we have a new system in this world of surveillance where that power comes not just top-down and we can get into how big tech is by dollar the largest lobbying group in washington comes from thebottom of . because our behavior can be manipulated area these are the rhythms in some ways better than we know ourselves so george arose, the financier and political activist gave a speech couple of years ago at novels which you may have heard talking about do we even have free will in this world anymore? are we really in danger of losing john stuart mill, the kind of ability to be free citizens in an open society in a world in which we can be controlled at this level by algorithms. >> it sounds like some of the original questions about advertising in the nation of it. >> and you

i think we associate classical programming with a tech job. of these peripheral jobs like user interface design or content moderation are seen as not as technical or not given the same economic remuneration in tech places. those jobs to me are very technical. they are part and parcel of making good software products. i think this kind of brick wall we have between front and and back and is very dangerous. it makes for bad products. i think if there is more fluidity in the definitions there, you will see much more movement in terms of gender back and forth on those things. i think sometimes men feel like it's somehow stigmatizing for them to work in these somehow more user facing rolls in tech. they stick to what they think is for men versus the other way around. when we break down those divisions we all benefit enormously. we have a lot of work to do. as you can see, it took some generations to get where we are now. it will probably take another generation to get back to where we were in the fifties in a way. >> okay clare, do not go away. let

but is it all baked in >> people saying tech they hear microsoft, google, facebook. you know in the big names. going below the surface and look at broadcom, even ships are doing well if you think about what will happen as the economy starts to open back up, you will start to see production of these things, facebook, surface tablets, for example, that type of activity is probably xwogoing to happen quicker coming from asia and i believe there's no more strength underneath the biggest big cap tech companies and that's why dividend plays is a big deal so it's more likely that the dividend plays to be searching for can be more stable and found in that area. >> implied in that i guess is that with the big companies reporting this week you look slightly elsewhere broadcom, chips, something to keep in mind as we move through the biggest of the big reports simeon, your emphasis is different here it is more on the retail part of the economy. tell me about clicks this is a long short etf long online retail short brick and mortar what happens when the economy starts to reopen >

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so biometric identification is convenient but is our personal data safe companies using this tech have to ensure that biometric data is securely stored and encrypted ideally and user devices and not some clout just makes it hard of a hacker to get to unfortunately that's not always the team of israeli research has managed to hack into a 23 gigabyte database with over 27000000 records containing fingerprints facial profiles and much more but of course possible databases have also been compromised beyond large scale attacks there's also a risk of individuals systems and devices being cracked and i'm a bit worried about how successful hackers have been at odds with biometrics. password can be stolen someone can watch it enter it somewhere or find where you wrote it down or even just guessing this can't happen with biometric identification tag biometrics are convenient and save users from having to remember passwords. but unlike past. you can't change your biomedical data if it's been hacked. and under lab conditions hackers have managed to outsmart biometric encryption technologies. for i

is anything capable of stepping up like tech has >> i disagree with the premise i don't think tech is toed out i think today it's a little slow you're seeing lags but i don't see it to etopped out let me give you a statistic i found amazing. it was a bloomberg article where it was written in 2018 and said over the last three decades only 1.3% of all global equities accounted for all the gains. you can go back to what david and i -- i think it's an important number to look at. mike wilson cuts back concentration. we have been talking about that for years already. >> we have even before. even before this whole thing happened we have had this conversation repetitively in some cases for the last years number of years. it has been a heavier concentration. tech is the largest part of the s&p. you're going to have over weightings in those names but it is even more concentrated names, steve, that have led this market back into a v and has even perpetuated the conversation of a disconnect between wall street and main street. the how in the world can the market be where it is because main stree

companies and not check those power of the tech companies. we are a little bit more focused on institutions like the federal trade commission which is undergoing its own investigation and they have more independence and running up against 40 years of a culture of hands-off in terms of addressing problems from the largest institutions and corporations and they tended to focus on smalltime scam and not one to challenge large monopolies as we see them so we are hoping that maybe we're starting to see a change there but our focus has really been on the house antitrust subcommittee because you can't legislate your weight out of these problems and is not necessarily that agency enforcement, legislation is absolutely a path to addressing corporate power and then we are looking at the cases at the state attorney general which were historic in terms of the number of 80s that signed on in the fact that it's a deeply bipartisan exercise. >> host: sarah miller, graduates of the university of chicago and a native of muskegon, oklahoma. executive director

campaign host: how does that apply in the tech world?arah: in the tech world we have seen a radical change in the culture of silicon valley. use start much more vibrant, kind of culture where startups would catch fire and grow. now there is essentially a couple of strategies if you are tech startup. are you going to sell to facebook or google? the ability of innovators in silicon valley to innovate according to market needs and ideas. instead, everyone is guessing, how could i develop something that facebook will buy or google will buy? that is not necessarily really how we want an economy or an innovation sector to function. we don't want people to start new businesses or gravitate towards ideas because a handful of giant institutions might buy them up, right? good thing we are seeing particularly in silicon valley is that partly because we have really failed in so many ways to enforce antitrust laws to crackdown on competitive practices. even if you have a good idea there is nothing stopping institutions like facebook and google from c

[inaudible] why are all tech people [inaudible] >> not all tech people.laughter] >> i have a section in the book like when i need to stay awake and i can't drink any more caffeine i need to get pumped before doing anything that needs me to be. [laughter] you can tell when i was really blasting it. i think edm there's an energy and i think it can be made quickly. there is someone in the audience i would love to ask [inaudible] >> it is much easier if you live in the city and i feel like that is happening all over but it exploded in 2008. that also coincides. speed to [laughter] there is an amazing profile that i could be wrong. it's incredible that explains someone that's never been to a concert and probably couldn't withstand the drugs required to have fun. [laughter] anyway, i'd recommend reading that. >> another question for a friend what would it take to get them to question the techno- solutions and philosophies that really undergird meaning the technological determinism which i think about it in the solution to the problems. >> he has problems for th

bio and tech will perform trials of 4 different versions of its vaccine candidate and 200 healthy test subjects between the ages of 18 and 55 in the coming months in the hope of developing an effective treatment for the novel coronavirus germany's health minister says safety is key. thing is very important after all this is an injection so safety must be the top priority in most the active substance in the vaccine will contain the pathogens genetic material the human body will then create proteins with it against which the immune system will form antibodies the principal bio and tech already uses. uses for a vaccine therapy for cancer the whole project has now been redirected. the timetable clinical trials will start at the end of april 1st results are expected at the beginning of july if positive trials would be expanded to thousands of subjects in the fall and winter the company hopes to develop a covert $1000.00 vaccine this year but experts say 2021 is more realistic. i think it's reasonable to expect a vaccine in the 1st half of next year which has been approved by the authorities

down every single person who's come in contact with a coronavirus kariya surely that's something only tech can solve we must be able to trace every infection shame we're working on an app that can help us do that. but that's got civil rights activists worried. that there is a real risk that these kinds of surveillance systems will persist after this phase of the protest it. is our digital progress. at stake but could we solve this crisis . welcome to covert 100 special here and e.w. news on one of cajones good to have you with us the technology has been a blessing during this pandemic in many ways speed working from home or staying in touch with friends and family and take helps us keep track of the virus in australia launched a corona tracing app it records who's been in contact with whom so they can be warned if someone's infected china is using apps to help prevent a 2nd wave of infections uses scanned q.r. codes and public places to share information about their health south korea has developed smartphone applications that help authorities track the movements of infected people which a

tech stocks outperformed with tech stocks on the s&p today, we'll get more insight into how they are fairing. apple and amazon to report later today. >> in europe, the ecb the main event. the european central bank is expected to widen its asset purchasing program when they meet this after moon many expect to follow the fed by buying high-yield bonds as part of the broader stimulus package. under pressure to prop up the eurozone agreeing on the details of the rescue package. government debt is set to surge this year due to the pandemic. let's get out to annetta with more she'll be part of that ecb press conference later today how much pressure does madam la guard want to keep on fiscal policymakers when it comes to monetary policy decisions? >> yes, probably she wants to keep the pressure up that's quite understandable. she has been saying over and over that the ecb cannot be the only play under town the fiscal side has to get their act together their response should be bold. as bold as the ecb response to the unprecedented crisis the eurozone is in or the unprecedented economic crisi

the american tech sector got started in ireland in the 1980s were everybody manufacture the cds back then. so as we got close to the year 2000 the irish government saw the future and said make ireland the place to build the data center and said but you don't have any cables and they said give us three months. we will solve the problem. three months later they had, they came back and entered into a contract and the rest is history because it really has become a place by our calculation 35 percent of all european data is stored in ireland. >>host: what is the advantage to have the data security location or clouds as tools? >> they have businesses to do new things and then to enable businesses and governments and others to rely another security protection. but fundamentally what this is doing is enabling people to use technology and new ways. we really have entered a new era it is artificial intelligence based if you look to the first half of the 20th century the combustion engine changed everything the truck and the tank and the airplane over the next few decades a i will have a simila