was chamath palihapitiya.g up, about 60 million cars on the road come with blackberry software. we will speak with blackberry ceo john chen about how the company went from a hardware firm to a software provider for the auto industry. plus, alphabet putting their best foot forward at the google eye/-- i/o conference, rolling out features and upgrades. we will hear from a top executive next. ♪ emily: an activist firm representing tesla shareholders once the electric carmaker to -- wants the electric carmaker to shake up their board. the investment group opposes the reelection of three board members who are up for vote. the board claims tesla has veered off the path to profit. they said the board is beholden to ceo elon musk. and this week, google introduced new products and tech upgrades at their annual developers conference, pushing the limits of artificial intelligence and augmented reality. we caught up with alphabet's vice president of vr and ar. take a listen. >> the big thing we highlighted today were upda

we talked to chamath palihapitiya, who left facebook when it was a year old and began his own firm. ig ways in how business gets done in silicon valley. take a listen. chamath: it is too nuanced to really understand from so far away. i think the good news is these meetings probably say there is some amount of effort being given. but the reality is people in silicon valley don't understand what ai is. the idea is that until we really grapple with what it really means, fact versus fiction, it will take many years before government understands what is at risk and what is at play. emily: we saw mark zuckerberg testify before congress and lawmakers did not seem to understand how facebook work. that said, do you think tech can be regulated and you think congress can design the right regulations? chamath: the right way to think about this is when technology was a small part and it was best left alone and we did a good job of self-regulating. now the reality is technology is pervasive and there's no industry that isn't being remade or re-factored by something new using technology at its core

emily: chamath palihapitiya, always great to have you on the show. thank you for stopping by.pple's big business is the iphone come up and much longer can this hold true? look at the health of the smart phone market, and up next, when the biggest seals the deal about employee benefits of all. we speak with jennifer hyman. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ this is bloomberg technology. earlier this month, apple reported second-quarter results that thrilled investors but all eyes are on the moneymaker, the iphone. the iphone x became the best-selling phone of the quarter. at the time, tim cook told bloomberg it is an incredible result if you think about it. when as

emily: chamath palihapitiya, always great to have you on the show. thank you for stopping by.up, apple's big business is the iphone come up and much longer can this hold true? we will look at the health of the smart phone market, and up ceos one of the biggest will speak out about employee benefits of all. we speak with jennifer hyman. this is bloomberg. ♪ ♪ emily: this is "bloomberg technology." earlier this month, apple reported second-quarter results that thrilled investors but all eyes are on the moneymaker, the iphone. the iphone x became the best-selling phone of the quarter. at the time, tim cook told bloomberg it is an incredible result if you think about it. when asked about smart phone market growth, cook pointed out half a billion feature phones were sold last year that can still be upgraded. he argues the iphone has a relatively low market share but points to a huge opportunity in india. we know people are willing to pay $1000 a phone now. how frequently will operate -- updates actually occur? here to discuss is gene munster in minneapolis who has been covering app

a -- chamath palihapitiya.s what he said about facebook the last time he was on this set you talked a little bit about some of the potential dangers of the internet at large and just talked about how your own kids, you wouldn't have them spend much time on any screen. >> i think the two things that are probably true irrespective of whatever company is successful at any point in time, it's easier than ever to confuse truth and popularity just us as a population of people trying to be informed is harder than ever and the second thing is that we really have to understand what relationships we have with these companies particularly when the things that we get from them are free right? for example, if someone gave you a car and the seat belts and air bags didn't work, what would you do well, you couldn't do much because the car manufacturer would say what did you expect, it was free. >> i guess you're using that as a description of what we should be thinking from facebook and these companies. >> we have gotten incre

part owner of the golden start warriors, chamath palihapitiya will be joining us we will be joined byner of the celtics, glenn hutchins obviously neither of those two are here primarily to talk basketball as a point of fact, we will be joined by a part-time owner of the philadelphia 76ers, michael rubin. basketball is just a bit about what we'll be discussing with chamath palihapitiya, we'll talk facefacebook, the privacy issues, and the news this morning that facebook is talking about its biggest reorganization in 15 years. we also want to talk to him about the economy. a guest yesterday talked about a lot of different proposals for trying to jump start the economy. he had some strong thoughts about it that's why he's coming on. glenn hutchins, we'll talk to him about what he's seeing in all things cybercurrency he bought into it early on on. also we'll talk to him about what he sees with some of the major stories of the day, that being disney doubling down and saying it expects its deal with fox to go through, despite what we hear from comcast and a competing deal and we'll be joine

social capital is run by chamath palihapitiya, a former facebook executive, he ran growth for them at point where they grew a whole lot. and since he left, he left facebook in 2011, started this firm, and has been a very outspoken sort of critic of the status quo in tech in various ways. he made waves last year for saying he felt guilty about what he did at facebook. but he has also really tried to push at the edges of venture capital. and so, this automated process is one of the things he has done. it is called capitalistic service. the person who built the program is one of the partners at his firm. her name is ashley carroll. she was actually working as an entrepreneur in residence at social capital, thinking about launching her own business, and decided she had seen what it is like to raise money in silicon valley, she didn't want to subject herself to that. she went on as a partner at the firm, and saw they were doing really interesting quantitative analysis of the companies that they had already decided to invest in. she thought, let's flip this around and analyze automatically,

coming up in the next hour, chamath palihapitiya of social+capital joins us for an extended conversationes facing tech and venture capitalists right now. plus, uber predicts customers will hail flying taxis. we will hear from uber ceo dara khosrowshahi ahead. and more questions swirling around tesla after a bizarre earnings call. ceo elon musk is now reportedly putting contracto

. >> that was social capital founder and ceo chamath palihapitiya making it clear he does not have screeny facebook employee other tech titans who have put limits on technology use at home, back in 2017 bill gates said, quote, we set a time after which there is no screen time. in their case it helps them get to sleep late apple cofounder steve jobs weighed in saying we limit how much technology our kids use at home jobs also said his kids did not have ipads and tim cook who tim cook who doesn't have kids but is it have a nephew, i don't want them on a social media. it's not just tech heavy weights putting limits. i spoke to jeff oven and he had this to say. >> do you have any personal views on social media and technology as it relates to your own usage of it, kids, family, societies? >> i mean i think the ad driven model where you centralize the internet on a single platform where the dopamine that you can generate through distributing polarized messages to send ads because you stay online longer is a disaster, frankly. >> and so what should the companies do about it? >> shut it down. >>