ICBC Cyber Attack and Call of Duty's 'Modern Warfare III' | Bloomberg Technology
FROM THE HEART OF WHERE INNOVATION, MONEY AND POWER COLLIDE IN SILICON VALLEY AND BEYOND, THIS IS BLOOMBERG TECHNOLOGY WITH CAROLINE HYDE AND ED LUDLOW. TOM: THIS IS BLOOMBERG TECHNOLOGY. WE ARE TALKING ABOUT A CYBERATTACK THAT HIT. WE ARE TALKING ABOUT THE CASH INFUSION THAT COMES AT A CRITICAL TIME FOR THE COMPANY AND AI AT LARGE.
CAROLIN E: HOW WILL MODERN WHEREFORE PERFORM AND HOW IS IT HELPING VETERANS WITH FUTURE EMPLOYMENT? WE WILL CHECK IN ON PUBLIC MARKETS WITH A LITTLE BIT OF EXUBERANCE GOING INTO THE WEEKEND. WE SEE SOME COMMON THE TREASURY MARKET AND BIG TECH IS REALLY ON TOP WITH NASDAQ 145 POINTS ON THE DAY. 10-YEAR GILTS ARE CALM BASICALLY FLAT AT 4.61 AFTER
THE SELLOFF YESTERDAY AS YOU SAW JAY POWELL TAKE ON THEY WILL TAKE ON INFLATION. U MICH REPORT SAYING PEOPLE ARE STILL WORRIED ABOUT INFLATION. BITCOIN AT 37,413. WHAT IS HAPPENING IN TERMS ON THIS MOMENT FOR 40 MINUTES. THIS IS THE SECOND OUTAGE ON THE FTSE FOR THE SECOND TIME THIS MONTH. THERE IS A CONCERN IN TERMS OF
TECHNOLOGY. ED: DISNEY CONTINUING TO SLIDE DOWN AFTER HIS REPORT ON WEDNESDAY. ALPHABET IS WHERE WE GO DEEP ON AND I FLAGGED MICROSOFT AS WELL BECAUSE BASED ON THE GAINS IT IS MAKING ITS ON TRACK TO CLOSE AT A RECORD HIGH. A LOT OF OUR FOCUS WILL BE OVER IN ASIA AND THREE TECH NAMES. THE FIRST ONE IS SOFTBANK THE BIGGEST DROP IN THE YEAR IN JAPAN TRADING MORE LOSSES AND VISION FARM. THEN YOU HAVE TSMC, AND OUR TOP STORY ICBC WAS SUBJECT TO A HACK.
THAT IS MEGA, IT WILL HAVE RAMIFICATIONS. CAROLINE: ONE OF THE WORLD'S BIGGEST BANKS. A CHINESE BANK UNABLE TO CLEAR U.S. TREASURY TRADES FORCING EMPLOYEES TO SEND DETAILS THROUGH COURIER WITH A USB STICK. EXTREME EVENTS IN EXTREME MOMENTS FOR THE CAREER BUT IT REMINDS US OF HOW IMPORTANT CYBERSECURITY IS.
SONALI: THIS IS NOT THE FIRST SIGNIFICANT CYBERATTACK WE HAVE SEEN IN THE FINANCIAL INDUSTRY WE HAVE SEEN THE SAME GROUP TARGET OF BRITISH FINTECH FIRM EARLIER THIS YEAR WHEN IT CAME TO THE DERIVATIVES MARKET. THE REASON THIS IS A BIG DEAL IS NOT BECAUSE OF ITS THE LARGEST BANKABLE ASSETS BUT IT'S THE BIGGEST SAFE IN THE WORLD THAT WAS INTERRUPTED. ED: GOING BACK AND READING ABOUT ICBC BACK TO 2017 AND PUTTING IT INTO CONTEXT. SONALI: THE MARKET HAS EXPANDED TO INCLUDE ICBC SO SOME OF THIS IS A TREASURY MARKET STRUCTURE ISSUE AND IS RELEVANT TO THE TECHNOLOGY AUDIENCE BECAUSE THERE IS A LARGE DEBATE ON HOW TREASURY SHOULD BE CLEARED AND ICBC HAS BECOME BIG AND CLEARING AND REPO THAT FUELED THE HEART OF THE FINANCIAL SYSTEM BUT THERE IS A BIG DEBATE ON WHETHER TREASURY SHOULD BE CENTRALLY CLEARED. THIS WOULD BE THROUGH A UNIT OF THE DTC BECAUSE THEY CARE SO MUCH ABOUT THE MOVEMENT OF DIFFERENT ASSETS ACROSS THE UNITED STATES AND THE WORLD AND ACROSS DIFFERENT TYPES OF ASSETS.
IF THEY ARE CENTRALLY CLEARED THE CYBER PROBLEM HAVE CONCENTRATION RISKS SO THERE IS A BIG QUESTION ABOUT WHAT ELSE IS VULNERABLE BESIDES ICBC. CAROLINE: AND THE PEOPLE BEHIND THIS RANSOMWARE ARE RUNNING IT LIKE A BUSINESS. THANK YOU FOR WHAT THAT MEANT FOR A KEY CHINESE LENDER. LET'S TALK ABOUT AI WHEN IT COMES TO THE CONTEXT OF CHINA. ARTIFICIAL INTELLIGENT BEING A BIG THEME AT THE FARM.
THE AI PIONEER DISCUSS THE OPPORTUNITIES AI CAN CREATE AND THE NEED FOR REGULATION. >> WE WANT THEM TO BE A GLOBAL COMPANY THAT IS WHY WE OPEN SOURCE. WE ANNOUNCED A 34 B MODEL THE HIGHEST PERFORMANCE OPEN-SOURCE MODEL FOR LARGE LANGUAGE MODELS EXCEEDING MEADOWS LLAMA TWO. WE BELIEVE BREAK IN SOURCE -- OPEN SOURCE WILL BRING THE WORLD TOGETHER.
AND WE WANT TO CONTRIBUTE FROM WHICH WE TOOK. >> THERE'S A LOT OF TALK ABOUT THIS RACE BETWEEN U.S. AND CHINA. HOW DO WE SEE THIS PLAY OUT AND
WHAT'S AT STAKE RIGHT NOW? >> THE LIKELIHOOD GIVEN HER THINGS ARE WHICH IS REGRETTABLE IS THAT WE HAVE TWO PARALLEL UNIVERSES. AMERICAN COMPANIES WILL SUPPLY TO THE U.S. AND OTHER COUNTRIES THAT WANT TO USE AMERICAN PRODUCTS AND CHINESE COMPANIES WILL BUILD CHINESE PRODUCTS FOR CHINA AND COUNTRIES THAT USE CHINESE PRODUCTS. THE REALITY IS, THE AMERICAN AND CHINESE COMPANIES WILL NOT COMPETE IN THE SAME MARKETPLACE. >> THE U.S.
ADMINISTRATION HAS SAID SOME OF THE HIGHER TECH CHIPS CANNOT BE SOLD TO CHINESE COMPANIES. WHAT DOES THAT MEAN FOR YOUR COMPANY? >> WE SAW THIS COMING SO WE STOCKPILED A LOT OF NVIDIA CHIPS AWARE IN GOOD SHAPE FOR 1.5 YEARS AND THE JURY IS OUT IF CHINA CAN MAKE AN EQUIVALENT CHIP. TIME WILL TELL. >> YOU'RE NOT JUST TARGETING CHINA BUT GLOBAL MARKETS HOW DO YOU VIEW THE LANDSCAPE WHEN IT COMES TO AI? >> THERE CLEARLY NEEDS TO BE REGULATION BECAUSE IT CAN BE USED IN WAYS THAT ARE HARMFUL IN DIFFERENT COUNTRIES WILL HAVE SOMEWHAT DIFFERENT REGULATIONS BUT THERE IS ENOUGH COMMONALITY SO REGULATION IS NECESSARY. WE SHOULD NOT EXPECT REGULATION ALONE TO BE ENOUGH BECAUSE A LOT OF THESE ISSUES, MISINFORMATION, HARM SHOULD BE MEASURED BY TECHNOLOGY AND WE SHALL BUT THE TECHNOLOGIES FIND A WAY TO CONTAIN THE TECHNOLOGY BUT NOT COMPLETELY RELY ON THEM EITHER. IT'S TECHNOLOGY PROVIDING THE GUARDRAIL AND DETECTION AND REMOVAL OF HARMFUL AND ILLEGAL CONTENT BUT WORKING SIDE-BY-SIDE WITH REGULATIONS.
>> DO YOU THINK IT COULD ACTUALLY DISRUPT INNOVATION? ARE YOU CONCERNED THE REGULATIONS COULD HURT INNOVATION? >> EXCESSIVE REGULATION WILL HURT INNOVATION AND WE AS A TECHNOLOGY COMMUNITY ARE WILLING TO TAKE SOME ITS AND BE SLOW DOWN SOMEWHAT FOR THE GOOD OF HUMANITY BUT NOT SO MUCH SO THAT IT WILL COMPLETELY STIFLE INNOVATION. >> THIS IS A CONVERSATION WE TRY TO HAVE WITH POLICYMAKERS THEY DON'T UNDERSTAND HOW QUICKLY THIS GOES ON LIKE SOMEONE LIKE YOU WITH THE EXPERTISE. WHAT COULD THEY DO NOW? >> A MORATORIUM WOULD BE A HUGE MISTAKE, IT'S NOT ENFORCEABLE AND IT WILL NOT BE AFFECTED. YOU HAVE TO LET TECHNOLOGY MOVE FORWARD. I THINK THEY SHOULD PROMOTE
LETTING TECHNOLOGY WORK OUT FIXING HALLUCINATIONS AND OTHER PROBLEMS. I THINK THEY SHOULD USE EXISTING LAWS TO PUNISH THOSE WHO MISBEHAVE. FOR EXAMPLE, SPREADING MISINFORMATION. WE HAVE LOSS ON THAT ALREADY. JUST USE THEM. ED:
THAT WAS AN EXCLUSIVE INTERVIEW WITH KAI FU LEE AND HE REFERENCED NVIDIA. TALKING ABOUT IS EARNING RATIO IS LESS THAN ESTIMATED REVENUE. 24 HOURS AGO THE STOCK GROWS BECAUSE IS WORKING ON THREE NEW CHIPS FOR CHINA AND THERE HE IS SAYING IT'LL BE INTERESTING TO SEE IF CHINA CAN DEVELOP ITS OWN CHIP. GOING BACK TO WHETHER NVIDIA IS EXPENSIVE OR NOT IT'S 30 TIMES BY SALES. MANY ANALYSTS ARE SAYING IT IS. WE WANT TO TALK ABOUT META-THE COMPANY IS CLOSE TO BRINGING A DEAL TO BRING ITS VIRTUAL REALITY IS TO CHINA.
THEY ARE USING THEIR HARDWARE RAMIFICATION BUT THEY ARE REASSESSING THE CHINESE ECONOMY. FROM NEW YORK, THIS IS BLOOMBERG TECHNOLOGY. ED: STABILITY AI IS RAISING NEW FINANCING JUST UNDER 50 MILLION IN THE FORM OF A CONVERTIBLE NOTE ACCORDING TO SOURCES.
THE CASH INFUSION COMING AT A CRITICAL TIME FOR THE COMPANY WHICH HAS SHED MORE THAN HALF A DOZEN SENIOR EMPLOYEES. LET'S STICK WITH THE WORLD OF AI. THE FOUNDER OF GOOGLE BRAIN AND IS CHAIRMAN AND COFOUNDER OF KYOCERA. WELCOME TO THE PROGRAM ANDREW AND THANK YOU FOR YOUR TIME. I WANT TO START WITH THE REASON
YOU ARE SO TALKED ABOUT RIGHT NOW IN THE NEWS AND MEDIA AND ONLINE IT'S THAT YOU HOLD THAT BIG TECH IS TALKING OUT THE EXISTENTIAL THREAT OF AI FOR A PARTICULAR REASON. COULD YOU OUTLINE YOUR THESIS FOR US? ANDREW: THERE HAS BEEN A LOT OF FEAR ABOUT AI POSTING IN EXISTENTIAL THREAT BUT I DON'T GET IT. I DON'T SEE ANY PLAUSIBLE WAY THAT IT COULD MAKE HUMANITY EXTINCT. THIS CREATES COVER FOR REGULATORS TO PASS LAWS THAT WILL BE STIFLING ON OPEN SOURCE. THE INTEREST OF SOME OF THESE COMPANIES TO LET THESE REGULATIONS GET PASSED TO SHUT DOWN OPEN-SOURCE. CAROLINE: WE HAD AN AI SUMMIT WHERE THEY COULD SAY YOU UP -- THEY UPPED THE FEAR MONGERING. ANDREW:
I'M CONCERNED ABOUT REGULATIONS FROM THE U.S., U.K. IN EUROPE. I THINK ONE OF THE EXISTENTIAL RISKS FEAR, I AM CONCERNED ABOUT REGULATIONS ON BOTH SIDES. IT STARTED TO PUT INTO PLACE REPORTING REQUIREMENTS AND I'M CONCERNED THAT ON THE PATH TO OPEN-SOURCE SOFTWARE TO MAKE IT SO DIFFICULT TO USE OPEN-SOURCE SOFTWARE, IT'S JUST BEEN AN AMAZING CONTRIBUTION TO THE WORLD AND HOW THE KEY TO INNOVATORS FEEL. ED:
THE MOST COMMON QUESTION WAS FOR YOU TO EXPLAIN HOW YOU SEE THE INTERSECTION BETWEEN MACHINE LEARNING, NEURAL NETWORKS IMPACTING JOBS. THE DISPLACEMENT VERSUS BEING AN ASSISTANT BASED ON ALL THE RESEARCH AND DEVELOPMENT HAPPENING. ANDREW: IT TURNS OUT THAT AI DOESN'T ELIMINATE JOBS.
I THINK A MORE USEFUL COMPARISON IS WE BREAK JOBS DOWN ITS TASKS. TO TAKE ALL OF THOSE TASKS AND FIGURE OUT WHERE THE AI OPTIONS ARE IN PIONEER THIS TECHNIQUE. AI DOES AUTOMATE A TINY AMOUNT OF JOBS BUT AI CAN MAKE SOMEONE MORE PRODUCTIVE WHICH MEANS THAT THEY ARE STILL NEEDED BUT WITH AI THEY CAN BE MORE PRODUCTIVE. I DON'T MEAN TO MINIMIZE THE SUFFERING FOR PEOPLE WHOSE JOBS WILL GO AWAY BUT IT TURNS OUT THAT MOST INNOVATION COMPANIES END UP GROWING DUE TO COST SAVINGS. THE REVENUE GROWTH HAS NO LIMIT SO THOSE COMPANIES WILL WIND UP DOING MORE OF THAT. CAROLINE: AND COMPANIES WILL NEED TO RESCALE THAT IS WHERE KYOCERA COMES IN. ANDREW:
WE'VE BEEN PRIVILEGED TO SERVE MANY ENTERPRISES. AND ABOUT A WEEK AGO WE RELEASED GENERATIVE AI WE WANTED TO TEACH SOMETHING ONLINE TO HELP EVERYONE TO USE AI IN THEIR DAY-TO-DAY LIFE OR PERSONAL THINGS AND WORK AS WELL IS HOW IT WILL IMPACT YOUR WORK OR BUSINESS. THERE WERE 43 1000 LEARNERS THAT SIGNED UP FOR SEVEN DAYS. THEY WANTED TO LEARN ABOUT GENERATIVE AI AND HOW TO USE IT YOURSELF. HOW TO APPLY IT TO YOUR JOB AND PERSONAL LIFE. ED: THE WORK THAT ELON MUSK US DONE IN GENERATIVE AI, WHAT IS YOUR ASSESSMENT? ANDREW: I THINK THIS IS A SIGN THAT THE RAPID EXPLOSION OF AI TECHNOLOGY IT IS NOT AN OPEN SOURCE MODEL.
WHAT WOULD HAPPEN AS IT OPENS OPTIONS FOR BUSINESSES AND STARTUPS TO BUILD A LOT MORE APPLICATIONS THAT WERE NOT POSSIBLE BEFORE. I THINK WHAT BETTER TOOLS, I MEAN NEW TECHNOLOGY IS STILL EXCITING BUT BUSINESSES CAN ONLY BECOME MORE SUCCESSFUL COMPANIES LIKE NVIDIA ARE BRILLIANT AND INTEL. SOMEONE HAS BEEN PAID MONEY TO KEEP COMING UP WITH THESE IDEAS. CAROLINE: PROFESSOR, WE THANK YOU FOR YOUR TIME. COMING UP, HOW TO FORECAST YOUR BUSINESSES REVENUE WITH THE POWER OF AI.
A NEW FEATURE FROM THE COMPANY GONE. THE FOUNDER WILL BE JOINING US. CAROLINE: A REVENUE INTELLIGENCE PLATFORM GONG IS RELEASING A REVENUE FORECASTING TOOL. THE CEO AND COFOUNDER JOINS US NOW. HOW MUCH MORE EFFICIENT AT PREDICTING DOES THIS MAKE PEOPLE? >> IS 21% ON AVERAGE MORE EFFECTIVE THAN TRADITIONAL METHODS. TRADITIONALLY THEY RELY ON STATISTICAL MODELS USING THE VOICE OF THE CUSTOMERS AND CUSTOMER SENTIMENT WITH AI CREATES MUCH BETTER RESULTS. ED: WHO ARE WE COMPARING THIS WITH?
IS THIS LEAD GENERATION CHASING OR DATA BREAKS AND THE DATA PRODUCTS OUT THERE, WHO ARE YOU TRYING TO BEAT? AMIT: TRADITIONAL COMPANIES HAVE BEEN USING SPREADSHEETS TO UNDERSTAND HOW MUCH THEY ARE GOING TO SELL THIS QUARTER OR NEXT QUARTER USING A VARIETY OF SOURCES ANYTHING FROM INTERNAL SYSTEMS, WEATHER FORECAST, TRADITIONAL SALES RECORDS AND SENTIMENT OF THE SALES DEPARTMENTS. EVEN WITH THE BEST JUDGMENT IT IS A VERY GOOD ESPECIALLY WITH THE GEOPOLITICAL SITUATIONS. GONG TAPS INTO CONVERSATIONS AND LISTENS TO WHAT CUSTOMERS ARE SAYING. ARE THEY LIKELY TO BUY? WHAT'S THEIR SENTIMENT, WHAT IS THEIR BUDGET? IT TURNS THEM INTO INSIGHTS THAT ARE IMMEDIATELY FED INTO PREDICTION SO THEY CAN UNDERSTAND THE CHANGES TO THE FORECAST REAL TIME. CAROLINE:
HOW DO YOU ENSURE THAT SOME OF THESE OTHER PLAYERS ARE UNABLE TO REPLICATE WHAT YOU FELT? AMIT: EVERYBODY CAN TRY TO REPLICATE ANYTHING BUT WERE SITTING AT 3 BILLION CUSTOMER INTERACTIONS AND TRAINING MODELS FOR YEARS SPECIFICALLY FOR THAT CASE AND IS NOT SOMETHING EASY TO REPLICATE. ED: THE AIM IS TO IMPROVE THE AIM OF FORECASTING. HOW DOES THAT WORK AND HOW DOES AI HELP YOU TO DO THAT? AMIT: YOU NEED TO UNDERSTAND SCAN THROUGH VAST AMOUNTS OF CUSTOMER INFORMATION. FOR EVERY CUSTOMER, WHETHER
THEY STAY OR NOT ASKING, IF THEY'RE NOT ASKING ABOUT PRICING THAT'S A NEGATIVE SIGNAL. ALL OF THAT IS UNDERSTOOD BY AI TO CREATE THE MODEL AND PREDICTS THE PER SECTION. YOU LOOK AT CUSTOMER BY CUSTOMER ON HOW MUCH THEY ARE LIKELY TO BUY YOUR SPEND. THE IMPORTANCE IS COMPANIES CAN USE THAT TO UPDATE THE FORECAST, TO PLAN THEIR HIRING IN THEIR SPEND ACCORDINGLY. CAROLINE: YOU MENTIONED GEOPOLITICS MAKING IT HARDER TO FORECAST. HOW ARE YOUR WORK FORCE IN
ISRAEL AND HOUSE A COMPANY ABLE TO ENSURE PROTECTION AT THIS TIME? AMIT: THE IMPACT ON THE BUSINESSES BEEN MINIMAL. WE HAVE ABOUT 10% OF PEOPLE BEING DRAFTED BUT EVERYONE IS WORKING HARD. EVERYONE IS STILL TRAUMATIZED BY THE ATROCITIES AND THERE ARE STILL HOSTAGES BUT THE SPIRIT IS HIGH. CITIZEN ACTIVITY IS SUPERHIGH. ED: WE THANK YOU FOR YOUR TIME AS WELL. COFOUNDER OF GONG.
SARAH OH LAM SHARES HER THOUGHTS ON GOOGLE. SHE SHOWS THAT THEY ARE FEELING THE PRESSURE IN THAT RESPECT. CAROLINE: WELCOME BACK TO BLOOMBERG TECHNOLOGY I AM CAROLINE HYDE. ED: I'M ED LUDLOW FROM SAN FRANCISCO. CAROLINE: NO YOU'RE NOT.
ED: YOU GOT ME AGAIN I'M IN NEW YORK CITY. A BIG STOCK DOWN 18 ON THIS DAY OF THE SESSION. THIS IS AN AD TECHNOLOGY GAME. IT IS A BIG MOVE AND HAS US
THINKING ABOUT THE ADVERTISING BUSINESS OVERALL. A BIG THEME WILL ALSO BE ALPHABET. THE PARENT COMPANY OF GOOGLE.
IN THE EUROPEAN UNION THERE IS A LOT OF REGULATORY SCRUTINY AND THINKING WHAT DOES GOOGLE DO NEXT AND THAT MARKET? HERE I AM IN NEW YORK CITY. CAROLINE: GOOGLE HAS BEEN PRESSURED BY THE EUROPEAN UNION REGULATORS IN AN EFFORT TO K BEEF UP AN INTERNAL SEARCH ENGINE. GOOGLES FAILURE TO MAKE IMPROVEMENTS PROVES IT'S ILLEGALLY MAINTAINING A MONOPOLY.
THERE IS A LOT GOING ON SO LET'S BREAK IT DOWN. ARE WE ON THE NINTH WEEK IN THIS PARTICULAR SET OF INVESTIGATIONS? >> THIS IS THE NINTH WEEK IN THE GOOGLE SEARCH TRIAL IN D.C. AND THAT IS EXPECTED TO WRAP UP NEXT WEEK ON WEDNESDAY OR THURSDAY WITH FINAL TESTIMONY. WE ARE NOT EXPECTED TO GET A RULING UNTIL EARLY NEXT YEAR.
THE JUDGE PUT OFF CLOSE LEANINGS -- CLOSINGS UNTIL JANUARY. ED: THIS IS BEEN A YEAR WHERE CEOS TAKING THE STAND BECOMES BIG NEWS. T UP NEXT WEEK FOR US AND WHY WE CARE THAT THE CEO WILL BE SPEAKING IN THAT TRIAL? SARA: THE TRIAL BETWEEN THAT THEY GOOGLE PLAY. AND SO HE WILL BE ON THE STAND ON TUESDAY AND HE WILL BE ASKED ABOUT --. CAROLINE: DESPITE ALL THAT THE SHARES MANAGED WHETHER IT. FROM AN INVESTOR'S PERSPECTIVE DOES THIS MATTER, DOES IT CARRY WEIGHT? SARA: OBVIOUSLY GOOGLE IS A GIANT COMPANY WITH A LOT OF BUSINESS AROUND THE WORLD. IT TAKES A VERY LONG TIME FOR
THESE ANTITRUST CASES TO BRING ABOUT. THEN SOMETIME AFTER THAT A JUDGE WILL HAVE TO RULE ON IT IN A LONG WAY UNTIL A FINAL REMEDY. SO THEY WILL GO TO ANOTHER TOP -- TRIAL WHICH COULD TAKE MULTIPLE WEEKS.
IT SEEMS VERY FOLLOW -- FAR OFF AT THIS POINT. FROM THE POINT OF VIEW OF THE INVESTORS. ED: WE WILL STICK WITH THE STORY AND GET MORE INSIGHT FROM CERRO -- SARAH OH LAM. IT'S GREAT TO HAVE YOU BACK ON THE SHOW. WE HAVE OUTLINED THE SITUATION IN EUROPE . WE TALKED ABOUT THE SITUATION ON THE WEST COAST.
SARAH: CAN YOU ARTICULATE HOW DIFFICULT IT IS TO UNDERSTAND WHETHER GOOGLE IS A KEY COMPETITOR OR WHETHER IT IS MONOPOLISTIC? I THINK THE COUNTERFACTUAL IS THE QUESTION. YOU DON'T KNOW WHAT COULD HAVE BEEN IN BUSINESSES MAKE DECISIONS ALL THE TIME. JUST LAST WEEK, IN THE CASE THEY WERE LOOKING AT THE EU CHOICE AND IN THE EU THEY REQUIRED ANOTHER PAGE BEFORE THE DEFAULT AND SO NOW USERS IN EUROPE HAVE TO PICK BETWEEN A DIFFERENT PAGE OF BROWSERS.
IT IS NOT FRICTIONLESS, AND MAKES IT HARDER FOR USERS TO GET TO A BROWSER. YOU ALWAYS HAVE TO ASK WHILE BUSINESSES MAKE THE DECISION TO STREAMLINE THE FLOW OF THEIR PRODUCT. WHAT WOULD HAVE BEEN IS A GREAT QUESTION. ED:
IN THE SE GAMES FIGHTS IS THERE ANY DIFFERENCE THERE WITH THE CEO TESTIFYING? SARA: IT'S INTERESTING THAT THEY ARE CALLING HIM IN AS A WITNESS FOR THAT CASE AS WELL. FASCINATING SEEING HOW THESE CASES ARE PULLING BACK THE CURTAIN ON BUSINESS DECISIONS. THERE ARE SO MANY PIECES OF INFORMATION THAT GOOGLE HAS TO DECIDE FROM TO MAKE THEIR PRODUCT COMPETITIVE AND JUST LOOKING AT THE BUSINESS DATA IS REALLY FASCINATING. NOT JUST ANYONE CAN MAKE THOSE DECISIONS AND A GOOGLE THEY HAVE PEOPLE INSIDE WHO ARE LOOKING AT ALL THE DIFFERENT OPTIONS AND PIGGING WHAT SERVES THEIR PRODUCT. CAROLINE: NOT MANY CAN PAY THE BILLIONS TO MAKE SURE THEY REMAIN A CERTAIN PLACE ON THE SCREEN. THE TIMING IS FASCINATING WITH AI AS WELL.
SARAH OH LAM. WE WILL BE REFLECTING ON VETERANS DAY WE WILL DO THAT WITH A VIETNAM VETERAN AS WELL CAROLINE: ON THIS VETERANS DAY WE WANT TO HONOR MEMBERS OF THE MILITARY. THE NEW YORK STOCK EXCHANGE HONORED A MOMENT OF SILENCE EARLIER TODAY. WE WANT TO BRING IN CO-DADDY FOUND HER AND THE RECIPIENT OF THE PURPLE HEART.
WE KNOW YOU IN THE WORLD OF TECHNOLOGY FROM WEB HOSTING, IT MADE YOU A BILLIONAIRE AND WITHOUT MONEY YOU HAVE BEEN GIVING BACK. HOW ARE YOU GIVING UP WHAT SORT OF AMOUNTS? >> WE GET BACK MONEY. OUR GOAL WAS TO DONATE A MILLION DOLLARS EVERY OTHER WEEK. AND WE DO THAT. WE TRY TO SUPPORT VETERANS ORGANIZATIONS AND WE TRY TO SUPPORT A LOT OF ORGANIZATIONS WHERE THEY HAVE DIFFICULTY RAISING FUNDS.
IT WOULD JUST BE US TO BE SUPPORTED. IF YOU NEED AN ORGANIZATION LIKE THAT, FIND US. CAROLINE: I AM INTERESTED YOU'RE TRYING TO ATTACK LONELINESS. HOW CAN TECHNOLOGY HELP GET VETERANS INVOLVED? BOB: THERE ARE SO MANY THINGS THAT GO WITH THIS. FIRST IS THE LONELINESS THAT
COMES WITH IT AND IT IS BRUTAL. THE LONELINESS IS SELF-IMPOSED BECAUSE WITH PTSD YOU NEVER FEEL LIKE YOU BELONG NO MATTER WHO OR WHERE YOU ARE OR THAT YOU WANT TO BELONG. THAT'S ONE OF THE WORST THINGS. AND IT COMES WITH THE FLASH TEMPER, SOMETIMES DEPRESSION UP TO SEVERE DEPRESSION. THAT SORT OF THING. ED: YOU FOUNDED GO DADDY IN THE LATE 90'S AND YOU HAVE THIS DEEP RELATIONSHIP WITH TECH. HOW HAS THAT EXPANSE OF THE
ARMED FORCES? DO YOU EMPLOY A LOT OF VETERANS? WHAT RELATIONSHIP DOES GO DADDY HAVE WITH THE ARMED SERVICES? BOB: I AM NO LONGER AFFILIATED WITH GO DADDY AND HAVE NOT BEEN SINCE 2019. I DON'T KNOW WHAT THEY ARE DOING NOW. I CAN TELL YOU IN MY COMPANIES AND I HAVE 13 OF THEM NOW, WE EMPLOY VETERANS AS MUCH AS WE CAN. MATTER OF FACT MY ASSISTANT FRANCISCA SANCHEZ HAS BEEN WITH ME FOR 22 YEARS AND SHE CAME STRAIGHT FROM THE MARINE CORPS. ED: BOB PARSONS, COFOUNDER OF GO DADDY THINK YOU FOR YOUR TIME. NOW I WANT TO SPEAK WITH JOHANNA AT ACTIVISION BLIZZARD.
IT'S A BIG MOMENT BECAUSE MODERN WARFARE THREE HAS BEEN RELEASED. DO YOU AIM TO TAKE THESE PROCEEDS AND HELP VETERANS. >> THE WARRIOR PACK GOES ON SALE TODAY AND IS PART OF OUR ENDOWMENT COMMITMENT THAT WE HAVE BEEN DOING FOR MANY YEARS. IT IS NEAR AND DEAR TO OUR HEARTS THAT MILITARY MEN AND SERVICEWOMEN HAVE BEEN DOING TO PROTECT OUR FREEDOMS AND ALLOW US TO MAKE GREAT VIDEO GAMES. IT'S BEEN A GREAT PARTNERSHIP AND EVERYTHING CALL OF DUTY STANDS FOR. IT'S A WAY FOR OUR COMMUNITY TO DIOVAN AND SHOW SUPPORT AND HELP VETERANS GET QUALITY OPPORTUNITIES AFTER THEIR SERVICE. ED:
GIVE US SOME DATA ON HOW YOU GUYS ARE DOING? >> IT'S TOO EARLY TO CALL ANY NUMBERS BUT THIS LAUNCH IS SUCH A SPECIAL MOMENT FOR CALL OF WARFARE THREE. WE HAVE PLAYERS SAYING THAT THIS IS SOME OF THE BEST CALL OF DUTY THEY HAVE SEEN IN YEARS AND THAT PUT THE CHERRY ON TOP OF THE YEAR-LONG EFFORT. WE KNOW HOW RECORD-BREAKING MODERN WARFARE TWO WAS. THERE HAVE BEEN YEARS OF WORK PLAYERS SAYING THEY WANTED TO SPEND MORE TIME IN THE SERIES. THIS WAS A CONVERSATION WE HAVE BEEN HAVING FOR MANY YEARS ON HOW CAN WE DELIVER A BLOCKBUSTER TITLE BACK TO BACK IN TERM OF SEQUEL AND NARRATIVE AND ALSO BRING MULTIPLAYER OFFERINGS.
MODERN WARFARE THREE IS THIS AMAZING, NOSTALGIC MEETS NEW INNOVATION GAME PLAY AND PARTY. IT'S BEEN VERY INTERGENERATIONAL AND A SPECIAL MOMENT. CAROLINE: AND IT CAME VERY QUICKLY. WHAT WAS THE PRESSURE PUT ON YOURSELF PERHAPS TO GET THIS OUT SO QUICKLY AFTER THE SECOND. JOHANNA:
WERE CELEBRATING OUR 20TH ANNIVERSARY THE SECRET INGREDIENTS TO CALL OF DUTY'S POWERHOUSE CHOPS IS BRINGING PREMIUM RELEASES YEAR AFTER YEAR HAS BEEN PART OF HOW WE THINK ABOUT THE CREATIVE. THE BIG DIFFERENCE WAS HOW DO WE COMBINE WHAT IS ONE OF THE BEST MULTIPLAYER OFFERINGS IN TERMS OF BRINGING BACK ICONIC FAVORITES AND MODERNIZING THEM BUT ALSO POURING INTO A ZOMBIE ELEMENT THAT'S NEVER MADE HIS WAY AND. IT'S OPEN WORLD AND EXPANSIVE AND THE ZOMBIE PLAYERS ARE GETTING A FLEX THAT THEY HAVEN'T SEEN. AND WE HAVEN'T SEEN CHERRY FORWARD THIS NEW ENDEAVOR THAT IF ARE GOING TO GO BACK TO BACK WITH TWO BLOCKBUSTER RELEASES WITHIN THE MODERN WARFARE FRANCHISE HOW CAN WE HONOR THE PLAYER INVESTMENT? IF YOU WERE IN ON MODERN WARFARE TWO A LOT OF THAT GAMEPLAY AND WEAPONS AND ENGAGEMENT ELEMENTS FROM LAST YEAR WILL CARRY INTO THIS YEAR AS THAT OF FORCING PLAYERS TO HAVE TO RESET WHICH IS WHAT WE WOULD ARGUE WAS THE MODEL OF YESTERYEAR. WE WERE SIGNALING THE SHIFT IN HOW WE THOUGHT ABOUT CONTENT RELATIONSHIPS AND HAS BEEN MANY YEARS IN THE MAKING AND IT SHOWS HOW GOOD OF AN ENGINE CALL OF DUTY IS BEEN. ED:
THE DELLA DEVELOPMENT TIME WAS ABOUT 18 MONTHS, TRADITIONALLY IT IS THREE YEARS. WAS THAT THE TIMELINE THAT YOU WORKED IN? JOHANNA: I UNDERSTAND JOURNALISTS COMING AND AND SPECULATE ON HOW THIS IS DONE. I'VE BEEN A PART OF THE CALL OF DUTY ORGANIZATION FOR FIVE YEARS AND SEEING HOW INCREDIBLE THE ARCHITECTURE AROUND DEVELOPMENT HAS BECOME. WE HAVE SEEN MANY YEARS PLAYERS ASKING FOR MORE ENGAGEMENT AND DEEPER ENTRENCHMENT INTO THE SERIES THEY WERE SPENDING SO MUCH TIME IN. MODERN WARFARE THREE IN ADDITION TO BEING THIS FOR RAY AND TWO BLOCKBUSTER RICH CONTENT YOU CAN PICK YOUR OWN ADVENTURE IN SO MANY WAYS BUT ALSO BRINGING BACK THE MODERNIZATION TO ICONIC FAVORITES IS A BEAUTIFUL COMBINATION ON THE BACKDROP OF OUR 20TH ANNIVERSARY. IT SPEAKS TO CALL OF DUTY RELEASING PREMIUM TITLES YEAR AFTER YEAR BUT WE CAN EXTEND THE CONVERSATION AND THINK DIFFERENTLY ABOUT HOW WE RALLY OUR DEVELOPMENT TEAMS TO MAKE MAGIC HAPPEN. ED:
THERE ARE TOO BIG AUDIENCE QUESTIONS, WHAT ARE YOU DOING ABOUT CROSS CONTENT PLAY, NO PC IS PART OF THE REQUEST. JOHANNA: WE HAVE AN INCREDIBLE COMMUNITY AND THEY ARE VERY PASSIONATE AND VOCAL SO WE ARE ALWAYS TAKING NOTES. THE RICOCHET INITIATIVE IS 24/7, MULTIYEAR ENDEAVOR FOR US.
WE REALLY PRIORITIZE INTEGRITY AND MAKING SURE WE ARE ALWAYS ON. WE JUST ANNOUNCED SOME OF OUR MACHINE LEARNING TECHNOLOGY THAT WE ARE POURING IN, IT'S A BIG INVESTMENT TO UPPER PROTECTION FOR OUR PLAYERS IN ADDITION TO WHAT WERE DOING WITH HUMAN RESOURCES. WE KNOW IT'S A BATTLE THAT WILL NEVER END.
YOU HAVE TO BE AHEAD OF THE CURVE BUT IT'S AN INCREDIBLE INSTRUMENT AND WERE REALLY HAPPY ABOUT THE INVESTMENTS WERE MAKING INTO THAT. CAROLINE: COMING UP, THE STRIKE IS OVER BUT CAN HOLLYWOOD BOUNCE BACK? WE WILL TALK ABOUT THAT NEXT. THIS IS BLOOMBERG TECHNOLOGY. ED: TIME FOR GOING VIRAL THE ACTOR STRIKE MIGHT HAVE ENDED BUT THE IMPACT IS STILL BEING FELT.
FOR THE SECOND WEEK DISNEY HAS ANNOUNCED THE LATEST FOR RELEASES FOR DEADPOOL. WE WILL HEAR ABOUT THIS NEW DEAL. LET'S START WITH THE DELAYS, NOW THAT THE STRIKE IS OVER.
THE CONTENT IS STILL IN QUESTION GOING FORWARD. >> THERE ARE A LOT OF MOVIES BEING DELAYED BUT MORE BROADLY, YOU ARE GOING BACK TO THE ERA OF PEAK TV THAT HOLLYWOOD WAS IN, THAT'S OVER. WE ARE GOING BACK TO MUCH LEANER TIMES. CAROLINE: WHAT CAUSES THESE DELAYS? TWO ACTORS NEEDING TO GO TO TOO MANY PROJECTS ARE TOO MANY TIMES HOW DIFFICULT IT IS TO MAKE STREAMLINED? >> IT WILL BE DIFFICULT THERE WILL BE A BIG PILEUP BUT THE PROMOTION MACHINE OF HOLLYWOOD CAN SNAP BACK INTO GEAR.
EVERYONE IS FEELING RELIEF NOW THE STARS CAN GO BACK AND PROMOTE THE MOVIES COMING OUT IN DECEMBER. BRIE LARSON WILL PROMOTE THE MARBLES OUT THIS WEEKEND. THAT WILL HELP. JUST BEING ABLE TO PUBLICIZE THESE CHOSEN MOVIES. CAROLINE:
THE FINER DETAILS HAVE BEEN LINED OUT. ULTIMATELY, WHAT WILL CHANGE IN THE SHOOTING OF THESE MOVIES. >> IN BROAD STROKES, THE TWO THINGS THAT WORKED OUT WHERE AR PROTECTION AND COMPENSATION FOR SHOWS ON STREAMING SERVICES.
WE DON'T KNOW THE DETAILS YET BUT WHAT THEY HAVE SAID IS THAT THE ACTORS WILL HAVE SOME CONSENT OVER THE USE OF AI GENERATED IMAGES OF THEMSELVES AND THERE WILL BE A POOL OF COMPENSATION FROM HIT STREAMING MOVIES AND TV SHOWS THAT WILL BE DISTRIBUTED TO THE ACTORS. ED: SO THIS IS LIKE A PROCEDURAL THING RIGHT? >> THE MEMBERS OF THIS UNION WILL HAVE TO VOTE ON THE FINER POINTS BUT THAT IS LARGELY GIVEN THAT IT WILL PASS. CAROLINE: ONE THING WE ARE LOOKING FORWARD TO SEEING SOME NEW CONTENT. THANK YOU FOR ALL THINGS TO DO WITH HOLLYWOOD. AND FOR AS TIME RIGHT HERE IN NEW YORK. ED:
IT HAS BEEN A GOOD WEEK IN NEW YORK CITY AND I HAVE ENJOYED IT HERE. I AM GOING BACK TO SAN FRANCISCO WITH A LOT OF BIG NAMES IN TOWN. WE WILL HAVE A RECAP ON THE PODCAST. THANK YOU FOR LISTENING TO WHEREVER YOU GET YOURS FOR THE FINAL TIME THIS WEEK FROM NEW YORK CITY, THIS IS BLOOMBERG TECHNOLOGY. ♪
2023-11-11 22:46
