let's go to carolyn hyde with more in london. rolyn: i'm joined by giles turner, the head of the mea talk technology group and in san francisco we have tom giles . gentlemen, welcome to the show. i do want to start off with what was the softbank agenda and the news coming out. $93 billion as it first closes the biggest tex tech fun. what does it mean for valuations? cash beingn pumped. giles: it's exciting because there's not many funds of the size. the fact that it's based in london is exciting for me, but it's not quite such a great thing. people will be managing to contain their excitement when softbank walks in. they have not spent any of it yet. although investments might of made and may have made a public announcement of companies taking a stake in it, the money from the fund has not been used yet. it will be interesting to see what they choose to invest in. carolyn: we know that the head of softbank, he tends to put big quiten companies and often gives founders more than they were potentially asking for. tom: we have seen a

i'm carolyn hyde. what if the areas that we visited digging into the boston tech field. is where mark zuckerberg came up with the idea for facebook. we sat down with the harvard president and discussed how this institution fosters innovation amongst students. >> we have a vibrant community here. it is exciting to see and growing. it is exciting to see mark zuckerberg coming back. enter a mind us else in the many beenof which we have innovators and will continue to be innovators. caroline: looking at the wayt innovate, sending them out to the greawod, how long has that been in play? and how is that helped build companies? >> it was founded in 11ith the notion of providing people a space and support in terms of experts and venture funding and building companies into the commercial world. we could enae udents to follow their ideas and dreams and make tangible realities. so it has turned out to be a success beyond our further streams as people have flocked to it. we now have 75 cpaes. we have the president challenge. students and groups of students compete for funding to mov

carolyn: i'm caroline hyde. this is "bloomberg technology." the manchester terror attack brings the battle over encryption front and center. a snapchat snapshot. why muddy waters founder says snap may be a short. billion bet's $4 on invidia. the chip makers successful entry into the automotive market. first, let's get some fresh news straight out of washington. the congressional budget office is just out to claire revised plan to repeal and replace part of the affordable care act. it reportedly reduce the federal deficit over the next 10 years and that is 32, billion less than an earlier version of the legislation. let's head to the white house with the reporter. shannon, remind us how this particular legislation, the undoing of obamacare was different from the original. on: people may remember we did have a congressional budget office report for a previous bill. the mos significant amendment is that it would allow statest to opt out of providing certain benefits and change the way they charged people premiums. with that change, as you mention