emily: on valentine's day. chad: so romantic. emily: describe the last 10 years.had: for me, it has surpassed all of my expectations. we were really simply trying to solve a problem for ourselves and our friends. how do you share videos that were sitting on your desktop? and just by observing our own problems and coming up with a simple way to re-encode these videos and allow people to share these videos on the web, it kind of unlocked the potential for everyone else as well. emily: the very first video on youtube really was one of you guys going to the zoo. [video clip] >> the cool thing about these guys is that they have really, really, really long trunks. chad: it's not a cat video, but it's not bad. [laughter] emily: 18 million views. almost 19 million views. chad: really, that video and many others, we were uploading internally to test the system. and yeah, shortly after that, we started receiving quite a few other uploads from around the world. emily: who is that? chad: that's jawed, one of the three of us that started the site. there is also steve chen. unf

♪ emily: you are 30 -- drew: 32. emily: 32 years young.is the hardest lesson you have learned as a ceo? drew: well, i think the hardest challenges are really around people. you know, you bring 1300 people together and get them all pointed in the same direction. in any kind of group, there are going to be people who are unhappy. so how do you get people to collaborate even if they have different backgrounds? emily: i know you are friends with mark zuckerberg. what kind of advice has he given you? drew: so he has given me a lot of advice just on company scaling. you know, how do you organize people? you know, how do you set up systems? with scale, you have to be a lot more thoughtful about how do you compensate people, how do you think about mundane things like their titles or how they advance. how do you decide where to place bets? you have early stage things, have more merger products, a portfolio. how do you keep that running when the challenges are so different at either end of the spectrum? so it is a lot of things like that. emily: you

emily: really?uestion i was going to ask is, how do you get on the top list for every entrepreneur? steve: in the sectors that have 18 different firms that are well known, pursuing the same sector, it is like a dog fight. when were first investing in space, there was that no one else that was saying they were investing in space. so what i try to do is be visible and vocal. and then they find us. we don't need the same sort of infrastructure to track down the opportunities to compete with everyone else. in fact, i think a venture firm is ideally a small team of five to seven people, no more. i think in almost every endeavor, whether it is creativity or decision-making in a sea of ambiguity is needed the , moment you go beyond seven, you are less effective. emily: so what is next for steve jurvetson? steve: i think you will find me learning. one of our companies is working on to reengineer pigs. we want to harvest organs for humans by changing the immune system of a pig to be like a human, so we can t

emily: he did speak to in chinese? hugo: in chinese. yeah. emily: and ben translated. and ben translated. it was a surreal but amazing experience. emily: you are a happy google employee. you're at the top of android. how do you decide to take this job? hugo: part of me you always wanted to try something. beyond that was a possibility that xiaomi may be doing something that would have a similar level of impact in the world. emily: how did larry take the news? hugo: larry of course reached out and was supportive but at the same time trying to see if that was really what i wanted to do. at the end of the day, everyone was supportive. in many ways, i was sort of leaving to continue what i had been doing for android. because xiaomi, if successful, would become one of the most important partners for the android team. it was like i was still in the family. emily: what are the differences? between working at a chinese between working at a chinese tech company and google? hugo: there is a lot in between the lines in the culture. you have to be sensitive with what you say in fro

emily: some people say -- dick: you suck, get off. emily: exactly.ughter] emily: how do you -- dick: i say i have heard that before. it was in an australian accent, though. emily: how do you deal with that? how do you and team deal with that? and how do you, as a person, deal with that, when people say you should be fired? dick: i got invited to something a couple of years ago. and my daughter thinks that you should totally go to that. i said, well, i don't think i am going to go because i got invited because of what i am, not who i am. i got invited to it because i'm the ceo of twitter, not because i am dick costolo. so i have always tried to make sure -- i never pay too much attention to the, you know, ceo of the year stuff because the worst ceo of the year stuff is, you know, right around the corner. i therefore don't get worked up or, really, frankly, care too much when people say those things. in fact, i have had to make myself care a little bit about them only after i started realizing, oh, it could affect recruiting if people start thinking, w

emily: why?id: it is something that is not good for venture, not good for kleiner, not good for ellen. it turned out to be something where there is a lot of drama and a lot of pain. i am not sure what good came out of it. i am hoping there will be some. there are some good lessons there about how you treat employees. maybe some lessons about document retention. maybe some thoughts about how you build your firm. john: at the meta-level, the pressure it puts on our industry is to make sure we are representative of full diversity is very good. we have a lot of work to do there. david: until a firm votes with their feet and their wallets, they can be judged harshly. emily: part of the reason kleiner found itself in this position is venture capital firms have historically had a problem with succession. how do you make sure greylock is around for 50 years? david: greylock at 50 years could sometimes get told it is too old or stodgy. the reality is, over 50 years, you cannot continue to survive and thri

emily: unarmed? kim: completely unarmed. emily: what did they take?im: thousands of servers, offline, that hosted the data of millions of users that have used our web services. a emily: most of your assets are still frozen. -- are now frozen. kim: they are now saying everything they have seized here now belongs to the u.s. government. emily: i know you have said you are broke. would you call yourself broke now? kim: we recently had a judgment from the court releasing $4.6 million for legal fees and living expenses. so at the moment, if that judgment is not appealed, financially, i am in a better position now than i was a couple of weeks ago. emily: have you thought about moving to a cheaper place? kim: yeah, but that would also mean -- it is kind of my last stand, fighting for my castle, for my home. you know, i am also trying to send a message to them and show them i am not going to fold over. you know, that i am going to fight back. emily: right now you are wanted by the u.s. government in the biggest copyright case in history. the charges include r

emily: i said it was unsexy. alec: mistakes were made. emily: unglamorous. unfunny.lec: it could not be more relevant. you look at the speed at which tech is moving and the role that it plays in our life. mike: yeah, i think hollywood has always been very puzzled about -- like when the internet first just exploded and was everywhere, they tried a movie called "the net." they tried to make it all sexy and intriguing. and it just was kind of ridiculous. this was an interesting challenge just because, as alec says, it is unfilmable. but it is also, that challenge can lead you to do more interesting stuff that has not been done in television. so it seems like a good time to take a look at the people who are getting rich off of it and building all these things that we use every day. emily: when you ask doctors about "grey's anatomy," i feel like they always say, oh god, it is nothing like that. what do you want engineers to say about "silicon valley"? and how important is it to you to get it right? mike: i always like it when they say -- we have a lot of people saying tha

♪ emily: i'm emily chang and this is the best of "bloomberg west."oming up, the google developer conference is all about ai and vr and we hear about the company's newly announced android tv set-top box. plus, facebook faces a fallout of accusations they're trending topics section is biased. and, he handpicked a man to lead microsoft. we will speak to john thompson about microsoft, and brexit. first, the highlights from google's development conference. the future of google is artificial intelligence and that was the message. the company unveiled a digital assistant and a new the our platform called daydream. there was also another company on campus and that was the number three smartphone maker unveiling a tv set-top box that runs on android. we caught up with xiaomi's vice president for more. show me how it works. >> you have the android tv home, what it looks like on your screen, we have different rose up apps -- rows of apps. you have a row of personalized recommendations, the more you watch content, the better the recommendations will be. this sup

emily: you think he did? john: i do. emily: what are we waiting for? maybe deals with the media companies. emily: as i understand it kleiner was in talks to merge. venture firms don't merge. john: they are partnerships. we are always talking to people we think are great about whether or not they would fit on our team. emily: what happened with thomas? john: he wouldn't fit. emily: did he really want to be ceo? john: if he did, it wouldn't really work. partnerships don't have ceos. beth: we are looking for people all the time. we are recruiting on an ongoing basis. john: i want to be clear. he is brilliant. we coinvest with him and his team. emily: i've heard whispers that you are actively talking to other funds about, maybe the word is not merging but working closely. john: partners leave partnerships and join new partnerships. beth: we are talking to people. individuals. hopefully we will add another partner by the end of the ear. emily: sucession in vc firms has historically been difficult. what is the succession plan at kleiner? john: at any given t

so -- emily: all right. whitman, ceo of hp, thank you so much for joining us, it has been really great to have you. meg: thank you. thank you for coming to "hp discover." emily: and good luck. meg: thank you. ♪ show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. show show me more like this. s. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. ♪ this is a beach in new zealand. him this

emily: let talk about ea.y: star wars is the story there. 14 million copies of that game sold to retailers, but he'll positive for ea in that quarter. one year ago, they had a battleship game and it was one of their biggest ever. emily: cory johnson, our editor at large today in boston, thank you. now to a story we are watching -- amazon positioning itself as a competitor to youtube, letting users post their own content for advertising and royalties link to their uploaded video. it is similar to their strategy with e-books but allowed authors to [inaudible] one analyst at sanford bernstein is setting a $1000 price target, 47% up from where shares closed on monday. carlos kercher said the only major roadblock amazon faces is finding new areas of investment to keep up with the growth in gross profits. shares closed on tuesday any consensus price target is 809. coming up, what is the next tech breakthrough for drones? we will hear from one of austan's leading robotics experts, next. -- boston's leading robotics e

i am emily chang.ot leave without speaking to one of the greatest visionaries in the area, director of the m.i.t. media lab. he is a two time college dropout. he is a three-time entrepreneur. he was tapped to become the director of the media lab in 2011 and believes a biological revolution is next. here is our interview with the m.i.t. media lab director joey tell. the biological revolution is next? what do you mean? >> 30 years ago when the media lab was created, computers were about big companies working on very special projects that most companies did not have to think about. eventually with the internet and other things, you couldn't not have an internet strategy. similarly, medicine and health has been about big pharma companies. if you look at all of the tools involved, the technologies involved, and the fact that health care is 24 hours a day from when you are born to when you die, it is becoming this convergence a lot like the internet has done for information. emily: biotech research is more e

emily: 2 million?t 2 million yet, but we do see, again, ipo is one of the many options on the table. emily: ok. we have been seeing a lot of new players entering the ridesharing investment market. toyota investing uber. volkswagen investing in gett. gm investing in lyft. apple investing in didi. what do you make of all of these? /anthony: i think automakers are getting very excited and believe right healing -- i think everybody in the world is seeing ride hailing is the new form of transportation today. we are always open to great partners. these partners could add value. for example, we saw car automakers investing in that space. we are talking to a lot of them. emily: i was actually going to ask that next. are you meeting with automakers right now? anthony: we are meeting with lots of different partners. you can imagine automakers being very, mentoring to ride hailing -- complementary to ride hailing. they provide the cars and we provide the service. emily: anyone else in particular you are meeting w

emily: that was tom carson.g up, we will hear from the man i shrink a digital revolution in education. the founder of the kahn academy when we return. you can listen to bloomberg radio on sirius satellite radio. ♪ emily: welcome back to "best of bloomberg west." let's turn to education in the way one man's vision may be changing the rules of the classroom. supercharging with video, lectures at home. the khan academy. we are checking in with sal khan about what is changing and -- as changing in the world of education. it's been a year since we spoke and you have record numbers across every category. video, teachers, students. give us an update on where you are. sal: a lot of people associate us with videos, especially around math. we're much more than that. we had a partnership with the college board around the preparations for the sat. it is really exciting as we saw the data from this march where kahn academy was the official prep for it. we've seen a 20% reduction in paid test prep. nearly half of the students

emily: this is "bloomberg west." i'm emily chang.s week saw new alliances forged between traditional automakers and their ride-hailing challengers. the news coming as the car industry braces for change especially when it comes to the , future of car ownership. the world's biggest car plants are hoping to secure a place in that future. let's take a look at who is leading the pack. ♪ >> carmakers are choosing sides in the ride-hailing wars. this week, volkswagen invested $300 million in gett and toyota committed an undisclosed amount to uber with plans to get into the car leasing game. in january, general motors took a $500 million stake in lyft. let's not forget apple's $1 billion bet on china's leader, didi. with traditional car companies clamoring for a piece of the pie, which of the ride-hailers are leading the pack? uber may get all of the headlines, but lyft is taking on a much bigger rival in many u.s. cities and through international partnerships. in china, didi claims to have more than 99% of the ride hailing market. it boasts

emily: where did it end?ony: it ended at literally -- we are going to do this, and tony, we want you to lead it. i had been in other executive presentations, where it was like, oh, it will take four months to decide, or whatever, -- it was, no. from the beginning of the meeting, he was fully engaged, to the end of it, ok, commit and we are going to do it. emily: we are going to take on sony? tony: i said we have to deal with sony. he's like, we're going to get sony. i'm like, but sony is number one in every audio category, in the world for personal audio. how are we going to beat it? he is like, no, we're going to do it. emily: you have become known as the godfather of the ipod. which, in a way, makes you the father of the entire product line. the ipod, the iphone, the ipad, maybe the watch. [laughter] but really, the ipod itself had such a dramatic impact on everything that apple has done since. tony: it was a big turning point, going from computers to consumer electronics, for the company. emily: what was y

emily: you're a single working mom.you have any advice or any learnings from this period in your life? anne: i think that you just have to accept that you do the best you can. my mom would call, "what are you doing?" and it's 10:00 at night, and my kids and i are eating ice cream. we just need -- they're not going to bed. we just needed the ice cream. there are moments when it's hard. you do the best that you can do. part of it is also being gentle on yourself. you can't necessarily do everything. part of what i think sergey and i have done really well, you optimize for finding the best in everybody and focus on the friendship. emily: you live in this silicon valley bubble. like we talked about earlier, you do seem so normal. how do you stay normal? anne: you stay focused on the things that are important. i volunteer in the school. i make sure that the kids do their homework. i see my family all the time. i still see all of my friends. emily: you've been really active, and your sister as well. you have this issue with w

i'm emily chang.chair eric schmidt spoke at the bloomberg breakaway conference this week and singled out improvements in health and technology that he sees ahead. our bloomberg editor in chief asked schmidt if the private sector was better investing in these projects than the u.s. government. >> i am not willing to fall into the traditional cynicism about government. let me observe that our government spends an enormous amount of money on the wrong things. i would like to have a little bit of it on the things that are moon shots, enormous scale things that can benefit the country. john: you gave the example of health. what is another moonshot? eric: i will give you two examples -- the health thing is -- it can be understood as analog meets digital. so up until now, doctors have been living in an analog world and god knows, it's incredibly painful and complicated. we have been living in this digital world where we have all of the math and we understand scalable systems. we have finally been able to bre

emily: welcome back to the best of "bloomberg west." i am emily chang.e cannot leave without speaking to one of the greatest >> there is a shift in the industry why everyone is moving into the cloud so why shouldn't we capture that? if we invest more, how much more with the revenue be? that's a topic of discussion that we will always have -- are we moving fast enough to take advantage of this and routable opportunity? emily: how do you see the cloud wars playing out? >> if you look at history in our industry, what you see is an act category, typically there are two or three leaders in that category. ourselves in the interesting and lofty position of being the one or two that is the leader in the cloud space right now you can we sustain that and move further toward being the number one. can you do it? amazon is giving you a run for your money. >> they have a head start on us and we have more work to catch up t. can all of the other players who want to be number three, can they catch up? not just with microsoft that pass them. byare not going to sit idly a

. ♪ emily: i'm emily chang and this is a special edition of bloomberg west from the storied m.i.t.ia lab in cambridge, massachusetts. it's the birthplace of so many innovations like touchscreen devices and gps. we have spent the last few days speaking to the entrepreneurs and investors driving the startup scene and heard from the cities established layers in robotics and i/o tech. now we spend the next hour going behind the scenes to where the ideas are conceived. the media lab specializes in anti-disciplinary thinking, looking for misfits and rebels, working on ground breaking products no one else would take a risk on. other ideas that got their start here, the precursor to google street view and one narrow by all it is here just one mark zuckerberg's breakthrough price. the media lab is pioneering research in biology, agriculture, urban living and more. m.i.t. sits at the heart of some of the most cutting edge in robotics with companies like boston dynamics and irobot. this lab has strong corporate relationships with ties to apple, google, samsung and boeing. the japanese carmake

emily: i'm emily chang. this is the "best of bloomberg west," where we bring you to the top interviews from the week in tech. one year after losing her lawsuit, ellen is back. she has no regrets. plus, fox media gets serious about snapchat we will talk about the studio just for snapchat and where he thinks new media is headed. the man of assuring in a digital revolution, we will talk to him later this hour. first, allen powell is back. the investing partner has started a new advocacy group. it will push for greatest diversity at tech companies. she was at the epicenter of a lawsuit that got national attention when she sued for gender discrimination. she lost on all counts. what has she been doing since? i set down with pao for an exclusive interview. i began by asking why she thinks this project to work when others have not. ellen: we pull together a team of women who have almost 150 years of collective experience in tech. we've seen the problems and issues and we have a set of recommendations of what people

emily: why do you say that?st: conspiracies are hard to pull off, and they are not very profitable. there are 176 million facebook users in the united states. they want a platform that appeals to people of different viewpoints. not leadership trying to shut that down. it would be a pretty bad idea for business. i do not think that is what was going on at all. crowdpackan, released to data that 89.6% of facebook employees are liberal. does that matter? guest: i do not think so. facebook is probably an overall reflection of the demographic that works there. they are a young company in silicon valley, where people are left of center. what i think is interesting about this story, emily, is that it is moving us closer to the line where facebook is acknowledging they have control over us in subtle ways. they take that very seriously. it sounds like that was reiterated today. that is something we have to watch. did facebook and knowledge that -- acknowledge that? that they have influence over what people perceive? gues

♪ emily: i am emily chang. this is "best of bloomberg west."e bring together the top interviews from the week in tech. this week it is all about earnings and apple posted its first sales declines 2003. shares have taken a serious hit. is it a new era for apple? we will discuss. a tale of two tech companies as facebook hits the sweet spot. mark zuckerberg says more big bucks to come. and interview with the twitter cofounder and how he thinks twitter can right the ship along with a major announcement about his latest startup. first, to the lead. it is official, apple, the world's most valuable company, grappling with slowing demand for its flagship product, the iphone. it reported first sales declined since 2003 on tuesday. while that was expected, the numbers still caught some investors off guard. second quarter revenue was down 13%, and earnings per share was down 18% and warnings we could see another decline in the next quarter. shares dropped steeply on the news. i spoke to frank gillett in boston. what are the main takeaways? cory: iphone un

emily: i am emily chang, and this is "bloomberg west." coming up, our exclusive interview with troy carter, ceo of the factory. we get his thoughts on whether winter is coming to silicon valley. plus, how the granddaddy of the gaming industry nolan bushnell who created atari and centipede. we will ask them how gaming could change education. could an australian academic potentially be the mastermind behind bitcoin? what does this mean for the future of the digital currency? lead -- investors are continuing their caution towards tech specifically private valuations,, pointing to a few bearish signs of a bubble. have 25 toion still 75% further to fall. bill gurley recently wrote in a blog that dirty term sheets have allowed some companies to continue raising money at higher valuations, promising bigger payoffs to new investors at the expense of old investors, which he says could lead to shares held by employees and some founders. there are 200 private companies valued at more than $1 billion, with uber being the biggest elephant in the room.

emily: do we need time? >> she was saying a bifurcation between winners and losers. >> these guys are killing it. the products they have for customer management and employee nagement, their new i.i. squares can be powerful and a point, they are loved by their customers. they have a score of 70 go, which is off the charts. on the merchant side, they provide a much broader side of services. emily: what services are you most optimistic about? >> hell pping the businesses. scheduling services to managing employees, managing their point of sale and doing it in a design -- more like a consumer design pralkt and that is one of the real innovation. it is a combination of product, design and a great management team. >> if you sell something for less than it costs, you will be popular and that's what we have. and the growth is fantastic. but if they can't turn the capital business, they can't he sell the paper and still small numbers, but a long term customers. emily: paypal is trying to get into the business. how are

emily: i am emily chang and this is the best of "bloomberg west," where we bring you the top interviews from the week in tech. in boston, we have been diving into the biotech and startup scene. we will kick off with comments from mayor marty walsh about ge in boston. it is more than holding its own in biotech. to the heart of the innovation cluster and conversation with foundation medicine. we talked to the director of the famed m.i.t. media lab, responsible for bringing the biggest innovations in tech from wearables to touchscreens. first though, bringing ge to boston. this week we went to boston's annual meeting of the chamber of commerce to meet the man who made the deal happen. boston mayor, marty walsh. i want to talk about boston in general. i work in silicon valley covering technology. it is the center of the tech hub, with new york in second. where is boston? mayor walsh: right now, boston is number two in the percentage of tech workers in america. people do not understand. there is a lot of great things happening with the great ecosystem, innovative economy. people often wonder

emily: what about china?that netflix is being asked all of the time. ♪ emily: there are more scripted tv shows than ever before. there are also more canceled tv shows than ever before. are we in a tv bubble? david: i don't really think so. a bubble implies that there will suddenly be a puncture and we will be down 25%. i definitely do not see that. it is possible to not succeed. microsoft, yahoo!, they went in and they went out. they decided after a certain amount of investment, it is not for us. there will be other people and there will be shows that can fail. that said, it is robust. the demand is there and the desire is there. we are in expansion mode and i continue -- you know -- i don't feel like we have too much. if you ask a showtime subscriber, they would not say we have too much. they would say, give me another great show. emily: is it scary that amazon can make a hit original show? david: anybody can make an original show. whether it is a hit or not, we don't know until we know how to many people ar

emily: we will be right back. ♪ emily: i'm emily chang, and this is bloomberg west.ducted by three harvard scholars says that china fabricates about 488 million social media comments per year. the goal is to distract citizens from unfavorable news, usually timed around periods of unrest or to shift public opinion. the propaganda workers are said pere paid eight cents social media post. be sure to tune into the request on monday. we will hear from one of the harvard scholars behind this finding. back with us, my guest host, phil libin. he was the ceo of evernote. and he is now at cap last -- catalyst investor. by the way, do you know what i'm reading in my evernote? phil: i have no idea. we have no idea what you are doing it. our employees cannot see it. emily: good to know. you know, we talked about the environment and touched on it with uber at the top. but i'm curious what your thoughts are about the fact that so many bonds have raised billions of dollars, but there seems to be a pause in investment. how does this play out? phil: i think there is a cause. which bas

i'm emily chang.air eric's schmidt spoke at the bloomberg or delay conference and singled out big breakthroughs in health and technology that he sees ahead. our bloomberg editor in chief asked if the private sector was better investing in these projects in the u.s. governments. take a listen. >> i am not willing to fall into the traditional cynicism about government. let me observe that our government spends an enormous amount of money on the wrong things. i would like a little bit of it on the things that are moon shots, enormous scale things that can benefit the country. john: you gave the example of health. what's another example? error: i will give you two examples. the health thing could be understood as analog meets digital. up until now, doctors have been living in an analog world and it's incredibly painful and complicated. we have been living in this digital world where we understand scalable systems. we have finally been able to break through with modern monitoring systems, the sequencing ma

. ♪ emily: i am emily chang, and this is "bloomberg west." coming up, the oracle logs on.arren buffett comes out swinging with two big bets on tech. we will break down the berkshire-apple connection. apple turned heads when it jumped into the passenger seat with didi. we will have details on a potential ipo. amazon is reportedly working on its own private labels for things like baby products, snacks, and household items. there is a launch planned for next month. first to our lead, warren buffett, the oracle of omaha, has disclosed a $1 billion stake in apple, announcing it bought 9.8 one billion shares sometime in the first quarter. buffett has historically stayed away from tech, saying he doesn't understand it. in late 2011, buffett acquired a 5% stake in ibm. shares are down some 20%. apple shares popped on news of buffett's buy, but the road ahead for apple isn't shiny. carl icahn just disclosed he no longer has a stake in the company. joining us to discuss, shira ovide from new york as well as reporter noah bureau how. i will start with you. what buffett has said is on

." ♪ emily: i'm emily chang and this is "bloomberg west." coming up, mr. cook comes to mumbai.eos is on the apple itinerary for the very first time. will britain stay or will it go? sidesoft ticks -- picks in the great brexit debate. company chairman john thompson joins us to explain. shares took another dive. but first, to the lead. apple ceo tim cook set his sights on the massive market potential of india. he kicks off his first visit to the country wednesday. besides an unconfirmed meeting with the prime minister, he's pushing for opening of his first retail store in the nation and announced an accelerator program for ios developers in bangalore. so why now? india is clearly a market to lucrative to ignore. first salesd its decline in a decade. but indian shipment rose 66%. it's described as where china was 10 years ago, saying there is great opportunity there. the opportunity could come in the form of one billion smartphone shipments that's up for grabs. joining us is david kirkpatrick, delprawford democrat -- at. you guys have been doing a lot of work on the potential of t

emily: what about the medium?lity has been touted as being potentially transformative for the gaming industry. do you think it will be transformative and when will that happen? reality think virtual has certain problems that are not totally solved yet. i think there will be virtual reality in arcades and in public places. option in thehe home has the wait until the headsets are sub $200. i see that being quite a ways off, particularly for the ones that are well-designed and ready to go. the systems right now -- go ahead. vr, what not be our -- is the next big shakeup? nolan: i think augmented reality probably has a much more interesting area where you can play with a bunch of your friends. i think it's going to sort of take over the board game business and the party were people get together and have fun and play a game with an augmented world in front of them. i think that will be very fun. emily: how big of a future do you think the console and console games have? i have been expecting it to drop off for the last

. ♪ emily: i'm emily chang. this is a special edition of "bloomberg west." we are in district hall.e will be spending the next three days diving in to the tech companies that call boston home. now the city is getting another huge boost from ge as it relocates its headquarters from connecticut to boston's growing seaport district, not far from where we are now. how it shapes the mind of current tech leaders -- but the city is working to improve itself. first, i want to start with a look at venture capital and the funding environment because a number of top vc's are based here. joining us, from mass challenge -- a not-for-profit headquartered in boston -- our guest. they have raised $5 billion with over $500 million in revenue. and my cohost for the hour bijan -- gentlemen, thank you for joining us. so, i will start with you. you have been on the show before. it is good to be in your neck of the woods. you guys invested in tech. what is it like to invest in tech in boston when the heart of tech is in silicon valley? >> i live here. i commute quite a bit. it's smaller, but is very exci

emily: i'm emily chang and this is "bloomberg west." coming up, the plot thickens around the $81 million heist be a bangladesh central bank. is the infamous group behind the sony hack behind it? plus we'll speaking to a former employee about his experiences in the facebook unit. plus are cell phones increasing our risks of cancer? some scary findings for the very first time. but first to our lead and i report from the cyber security firm that suggests a recent hack on the central bank of bangladesh in which delrds 81 million was stolen. this may be just the latest in string of attacks on a swiss network. the report links the bangladesh breach 000 to an october attack on a bnk in the philippines and the same group are plamed for stealing millions from an ecuadorean group. so how vulnerable is the rest of the flinl industry? i'm joined by symantec's technical director and security c.e.o. eric, i will start with you. so your research linked the swiss hack of the central bank of bangladesh to this philippines bank. tell us more with -- abou

♪ emily: i'm emily chang and this is the best of "bloomberg west."e will bring you all our top stories from the week. coming up, the google developer conference is all about ai and vr and we hear about the xiamoi about their new android tv set-top box. plus, facebook faces a fallout of accusations their trending topics section is biased. we would hear from one conservative voice who met with mark zuckerberg. and, he handpicked a man to lead -- he handpicked satya nadella to leave microsoft. we will speak to john thompson and' microsoft, brexit, diversity. first, the highlights from google i/o development conference. the future of google is artificial intelligence and that was the message. the company unveiled a digital assistant, a voice-based search device, and a new vr platform called daydream. there was also another company unveiling aiaomi, tv set-top box that runs on android. we caught up with xiaomi's vice president for more. show me how it works. >> you have the android tv home, and this is what it looks like on your screen. we have all these

emily: i'm emily chang and this is "bloomberg west." microsoft has the tech giant , waved the white flag in the smartphone wars? at&t makes its move on yahoo! after holding back in the bidding war, they are now all in. we will tell you what the power play means for verizon. peter thiel strikes back. how he's been secretly funding hulk hogan and multiple cases against a stalker. microsoft and out of the smartphone wars. microsoft is giving up on handsets. they've announced 1800 job cuts and a right down close to $18 billion, all tied to its acquisition of nokia. the ceo says we are focusing our phone efforts where we have differentiations and we continue to innovate across devices and cloud services across all mobile platforms. the problem, microsoft could never make a dent in an industry dominated by apple and google android. but those giants are struggling to maintain momentum. it gives us an opportunity to revisit the smartphone wars. who is winning today, who may be the next company to follow microsoft out of the ring? joining us is

. ♪ emily: i am emily chang, and this is "bloomberg west."e will begin to them numbers in a moment. plus, one year after losing her discrimination lawsuit, ellen pao is back, and has no regrets. she is even writing a book. i caught up with her for her advocacy venture and diversity in silicon valley. driverless minivans coming to a block near you. how chrysler is sliding into the space with google as copilot. first, to our relief. -- lead. cbs shares popping slightly in extended trading, better-than-expected first-quarter results. a surge in ad sales from the super bowl and grammy telecast. coming in at just under $4 billion, up 10% from the same quarter last year. profits were $473 million, up 20% year-over-year. but it was not all good news. the company's cable network sales the client slightly. -- declined slightly. joining me now from new york, our editor at large, cory johnson, and bloomberg entertainment reporter, lucas shaw. >> les moonves talked a lot about it. advertising sales are up 31%. and at cbs, advertising is a 49%. a lot of t

. ♪ emily: i am emily chang, and this is "bloomberg west."pple is betting big on bolder, brighter screens with bigger batteries. it is not coming until next year. plus, baidu behind the wheel. will the chinese search engine's advances in ai help the market in driverless cars? china's propaganda machine cranks out nearly 500 million posts a year. we will break down a new study from harvard that analyzes the marching orders. first, to our lead. news that apple is betting on a new screen for iphones in 2017. the new screen will be made from organic led, which is more flexible and energy-efficient. producers like samsung and sharp are saying they are investing. apple is an investor in all of them. they say orders to make the screens are up 40%. but will this mean for iphone sales after apple's first sales declined in 14 years? here to discuss, alex len our bloomberg news apple reporter, and from new york, ceo of thrillist. what do we know? >> we know that orders have been placed to make this stuff, basically. for the iphone 8. there have been rum

thanks for having me back, emily. emily: what does this mean?toward no more standalone periscope app? >> not at all. we've spent a lot of time investing and making periscopes more easy to watch within -- to make it live and watching broadcasts live. and also more easy to watch within twitter. since we have made it really january, easy to experience it, and this news you are referring to is the first step toward also making it easier to broadcast from twitter. so we still think there is a ton of value in having a separate app and separate real estate for watching and creating live broadcasts. but for all the people who spend time catching up on the news and interacting with friends and fans and heroes, on twitter, we want to make it easy for them to go live on twitter as well. emily: facebook has been making big moves in live. how big a threat do you think it is? how do you remain ahead? >> i think imitation is the finest form of flattery, so i think it is great for people to get into live space. the year ago, people were wondering if live was a

. ♪ ♪ emily: this is "bloomberg west." i am emily change. -- chang.ing up, investors shift tesla shares in the high gear. expectedr than loss. two top executives leave. we will break it all down. the beats go on. at apple the tech giant changing the tune of its music with a remix of its user interface. we have a deep dive later this hour. tivo's second coming. the pioneer that became a victim of its own success is back in the game after a $1 billion acquisition by robi. what's in store for the second act? i will speak to both ceos ahead. tesla shares popping in after-hours trading after the company reaffirmed plans to deliver 80,000 to 90,000 cars this year. tesla beating estimates with an excited loss of $.57 per share in the first quarter and it is adjusted gross margins of 21.7%. the news comes hours after two top executives said they are leaving the company. here to discuss in more details is true car's vp eric lyman and our niedermayer. i will start with delivery. tesla says yes, we can make these deliveries this year but there seems to be a lot