caroline hyde spoke exclusively with ginni rometty about the cloud and why they can be collaborators.ni: this is something we always felt so true about, that the customer is first. you live in a world where sometimes your innovation will come from google, amazon, microsoft, ibm, and you want to take advantage of wherever innovation comes from. you want to build something once, run it anywhere. the second part, you want to get to innovation wherever it is. in almost every business, you have competition and cooperation. when we bought red hat, absolute commitment. it is open source. absolute commitment to the integrity of that. that is really for our clients. caroline: would you still see microsoft, amazon as competition? ginni: we are the number one hybrid cloud player now. that is what i want my name synonymous with. number one hybrid cloud, best partner to make you a cognitive enterprise. data and ai infused in all the ways it does its work. if you do that, you have to have a hybrid cloud underneath it. i am really amount the digital transformation journey. you already have many clou

coming up, more from the interview with ibm ceo ginni rometty.he discusses the huge role diversity plays in the company. bloomberg technology is live streaming on twitter. check us out @technology. this is bloomberg. ♪ taylor: sony is rejecting a suggestion by activist investor dan loeb to selloff some of its businesses. they are planning to hold onto both units. sony says that computer chips are key to growth and that retaining financial services will enable the company's value. loeb disclosed a stake in sony three months ago. ginni rometty started at ibm in 1981, became ceo in 2012, and has overseen a dramatic repositioning of the company as the tech space continues to evolve and transform. important, as technology takes over our day-to-day lives. caroline hyde spoke to her about how diversity is key to the relationships with employees and customers. ginni: i deeply believe in responsible stewardship of technology. people have got to trust these systems. the second is that you have to prepare society for them. the third is around diversity and

eastern for more of our exclusive conversation with ibm's ginni rometty.sday, they talk about ibm's push into quantum. coming up, the rest of the gig economy with that new potential law ab-5. this is bloomberg. ♪ this is bloomberg technology. i'm taylor riggs. new california legislation impeding many companies from claiming workers as independent contractors take effect in 2020. passed the5, the law senate and assembly last week and governor gavin newsom indicated he will sign it. i will companies like uber and lyft make out? to discuss, i am joined by steve james. he's also an uber shareholder so you are the perfect person to talk about this. how big iof a hit is it? steve: some of the estimates, anywhere from 20% to 30% in terms of the california operations. larger than just uber and lyft. it is any gig economy marketplace. that includes service marketplaces. a lot of these companies have come about in the last 10 years. they are involved in fixing appliances in your home, perhaps cleaning your office, driving you or your family or your coworkers to and

coming up, more from the interview with ibm ceo ginni rometty. we are on twitter.ology.t @ this is bloomberg. ♪ taylor: sony is rejecting a suggestion by actavis investor dan loeb to selloff some of its businesses. they are planning to hold onto both units. sony says that computer chips are key to growth and that retaining financial services will enable the company's value. the man disclosed a stake in sony three months ago. ibm inometty started at 1981, became ceo in 2012, and has overseen a dramatic transition of the company. as technologyeen takes over our day-to-day lives. caroline hyde spoke to her about diversity isut how key to the relationships with employees and customers. ginni: i deeply believe in responsible stewardship of technology. people have got to trust these systems. the second is that you have to prepare society for them. the third is around verse the end inclusion. for as long as i can remember, for ibm, it is what the firm has been built on. i have really grown in that environment. the first woman senior vice wasident was 1943 and she 27 years

coming up, part of our exclusive interview with ibm's ceo ginni rometty. why she thinks blockchain is all about trust. and if you like bloomberg news, check us out on the radio. listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ taylor: ibm announced wednesday it would open the first quantum computation center in an effort to expand its fleet of quantum computers and further realize the business potential of the next generation technology. the real-world application of quantum and blockchain is something that bloomberg's caroline hyde covered when she sat down with ibm ceo ginni rometty. in this exclusive interview. ginni: we look at the future, technology is coming. we're all about applying them to business, but we build some of the world's leading technologies here. yes, cloud and ai, everyone talks about that. artificial intelligence and cloud. much more to be done on that, by the way. but we will park those for a minute. the next two -- blockchain and quantum. as often is the case with new technologies, peopl

real-world application is something that caroline hyde covered when she spoke down with ibm ceo ginni romettynni: why look at the future, technology is coming. we're all about applying them to business but we build some of the world's leading technologies here. cloud and ai, everyone talks about that. to be done, but we will park those for a minute. the next two blockchain and quantum. thele overestimate them in beginning and then underestimate them in the long term. asked mechain, if you one word i would associate with blockchain, i would say trust. crypto is a use for that aside. -- a use, put that aside. blockchain come it should put trust between parties who don't even know each other. and it would do what the internet did for communication between lots of parties. so a great example on trust, what it allows you to do is you and i can share a transaction together. i don't have see anything you don't want me to see. and once the transaction is completed, it cannot be erased. why do we each keep our own checking accounts? the old days, we would each balance our checkbooks and the like. if i

the fire back could come from digital connectivity take a listen to this exclusive with ginni rometty, the ceo of ibm. >> the issue is more than just the brand. they are linked together your brand is defined by the experience as i've looked around and you've walked around the show, two words come to mind electric everything is electric and the experience you think about software, updates, connectivity. in the same survey, the number one thing they have to do is put in an open digital platform to support that kind of experience. >> ginni rometty there, would you believe a small number of operators say they operate on a digital platform, about 18%. so also the problem of a trade war. how are we having open platforms when there is a trade fight still brewing. >> i'm curious, brand wise, the entire auto industry is built on the idea that consumers have loyalty to certain platforms, how do you think some of these industry effects given the fact that they own high-profile brands >> they've already been disrupted. this is the next phase they need to accept. when you think about the house, it

quantum and blockchain is something that caroline hyde covered when she sat down with ibm ceo ginni romettyginni: we look at the future, technology is coming. we're all about applying them to business, but we build some of the world's leading technologies here. yes, cloud and ai, everyone talks about that. artificial intelligence and cloud. much more to be done on that, by the way. but we will park those for a minute. the next two -- blockchain and quantum. people overestimate them in the beginning and then underestimate them in the long term. but blockchain -- if you said, ginni, what is one word you would associate with blockchain? i would say trust. crypto is a use, put that aside. what blockchain should do -- it will put trust between parties who don't even know each other. it would make trusted transactions. and it will do what the internet did for communication between lots of parties. if i can, one, trust and blockchain -- because what it allows you to do is you and i can share a transaction together. i don't have see anything you don't want me to see. and once the transaction is com

taylor: that was part of bloomberg's exclusive interview with ibm ceo ginni rometty. listening in.umek confirms it will transcribing audio and from its in-home portal. we hear from the vice president for augmented and virtual reality. later, corporate ventures, i data analytics company officially enters the d.c. world. this is bloomberg. ♪ confirmed itook will resume collecting and transcribing some user audio clips from its in-home video device, portal. spoke to their vice president for augmented and virtual reality, andrew bosworth at the launch of a new generation of portable devices. he oversees hardware and devices that facebook. >> i'm so excited about our new products. a 10 inch and eight inch hd screen that are oriented towards connecting people with the ones they love the most through video calling. these were designed to look like picture frame so they can fit into any home as naturally as if they were picture frames. it will show pictures when not in use. >> another cool thing you are launching is the tv portal. tell me about that. advantage oftakes the biggest screen an

taylor: that is part of bloomberg's exclusive interview with the ibm ceo, ginni rometty.g up, let's talk sustainable investing and hear how the world's second richest man is helping those hit hardest. that's bill gates. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. taylor: this is "bloomberg technology." i'm taylor riggs in san francisco. the trump administration has scrapped california's authority to set tougher auto in missions standards than the federal government. president trump tweeted the move will allow the production of cars that are both cheaper and safer. revoking the california standards will have a major impact on 13 other states

brione on that because there was no more room >> as i'm sure you watched yesterday, when i had ginni romettythis panel on 5g, that's -- that's just not good >> should have been at 18. at 18. >> 29. they had to do 29. >> 18 is where you start getting real value for peloton 18 what are you doing on the set? not even time. see who's here >> yes, willfred frost ready to come on. >> is that in honor of me? >> it is in honor of you >> it is all about me. it is about mindfulness at the same time. go ahead. >> thank you, jim. i did want to come back and talking about uber, of course, and business of which was enabled by 4g. yesterday, a rare opportunity to sit down with ceos of verizon, ibm and qualcomm to talk about that 5g is going to enable in the enterprise not the consumer which we talk about, which is very important for the likes of a verizon, but more for the enterprise. it is a few years away something else that came up in the conversation that we had yesterday was also this idea of who is ahead so much of what goes on here in the business community is that the efficiencies that are going to

special i spoke with ceo of ibm ginni rometty about rise of a.i.on around you have to be able to explain a.i. what is it doing where did it come where did training come from i really do believe precision regulation downside is putting a danger on digit economy i think that would be a very unintend consequence. maria: a.i. is so powerful sparked this debate about how to implement it, from ethical standpoint regulation standpoint, what do you think. >> yeah i agree with what begini in that statement in president executive action we focused specifically on one of the pillars we want to drive regulatory ecosystem that sports development of ai proets security of all americans, in order to do that president requested that the white house put out a memo to agencies how they should be thinking about regulating artificial intelligence, that is something you are going to be coming -- out of white house in short order going to sort of set high level principal of the way they should be thinking about this fairns robustness trust worthiness,whether fa looking a