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tv   Bloomberg Technology  Bloomberg  February 1, 2019 5:00pm-6:00pm EST

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♪ >> i'm brad stone in san francisco in for emily chang. this is bloomberg technology. amazon's plans and india have had a major roadblock, thanks to strict e-commerce rules. can the company get its global game plan back on track? plus, apple cracks down on internal apps for facebook and google. we discovered -- we discussed that standoff.
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and, thoughts on dysfunction in washington. but first, to the top story. grand and walmarts plan has been thrown into chaos. the indian government putting new regulations that cuts growth in the margins by as much as half -- in the markets by as much as half. slip card walmart's exclusive from making -- for sellers -- we start with you. jeff bezos invested $5 billion in india, went to the country and put on ceremonial guards, so what has gone wrong for him in india? >> i think he underestimated the and the country new to e-commerce rather than a superstore model.
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there's a lot of little copies that have sway. >> we have seen amazon do pretty well in parts of europe, we saw them get creamed in china, they have new businesses in brazil in the middle east -- and in the middle east, but india was where they were going to reinvigorate. to know the impact. amazon does not disclose their sales in india, but it's clear that was a very important growth and for jeffazon bezos, and frankly, for a lot of companies in the u.s. and china which have seen india is a growing economy -- india's growing economy as this gold rush. he saw them all storm and with large investments, and now both -- both amazon and
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walmart are going to pull a lot of their products from their websites in india. that will affect growth rate. analysts were pressing amazon on that on the earnings call yesterday without to many direct answers from amazon executives. brad: what did amazon say when they were asked? >> basically, they were still investigating what the impact would be and were working with the indian government to try to get an extension until they can figure out the impact and some of the rules -- impact of some of the rules. it's hard to know what the impact will be on amazon's revenue. brad: mats, you mentioned the small sellers and medium sellers who are exerting political muscle. bige is also a very company, reliance industries, and they are a telecom giant, a retail giant, and they are getting into the game. any sense of this tilting the playing field to the local
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giants in india? matt: certainly. analysts can say there is a bit of a protectionist angle to it. road isthat the correct to protect the industry. for: it hasn't been great amazon investors. the stock was down 5% last i saw. based on yesterday's earnings report. the company beat sales expectations. they are probably the first company, at least in western history, to get $200 billion in sales annually, as quickly as they have. yes, the sentiment has been negative. aside from india, what is worrying investors from amazon's report? matt: it's a couple of things. their growth has slowed down a good bit. -- for more than a decade. third consecutive
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quarter, revenue guidance was what below wall street was anticipating. they are pointing to a slowdown in the revenue number. on the conference call with analysts yesterday, they hinted they might accelerate their capital spending, pointing to the pause they put on last year with headcount and expansion of data centers to feel the cloud computing business. analysts and investors are reading into the comments that they might exonerate that spending -- accelerate that spending. brad: when an analyst asked about a perceived slowdown in unit sales, amazon's core business, he responded you lookdn't look at things -- at that as much as other things. why was that a remarkable moment? shira: the cfo of amazon's saying please don't pay so much attention to our e-commerce business, which is the core of what amazon does.
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, ind a little flashback late 2014, amazon was going through a similar growth pick up. , in late 2014, the different cfo try to explain a slowdown in growth by saying "we are seeing students try to save money by renting rather than buying textbooks. and that's why you see this slow growth in sales like books and dvds and movies." ,t really felt like an excuse honestly. that's what it sounded like yesterday to me as well, explaining away the slowdown in growth and unit sales by saying it is just an e-commerce merchandise, pay no attention. brad: that slowdown was followed by the most prosperous time and amazon history and huge appreciation of the stock. is the slowdown a real or this time -- realer this time?
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shira: that's a good point. the call came before enormous growth. this one might be temporary as well. there are factors weighing on the growth rate, including the business shifting with their let's merchandise and for middleman -- for being a middleman for some of these sellers. it seems as though the shift e-commerce is very real in the u.s. and everywhere else. amazon is taking a large share of that e-commerce growth. they should continue to keep growing, but you are not seeing that growth in the financial numbers in the last couple of quarters. brad: we will be watching closely. and matt, thank you so much for joining us. i sat down with revolution ceo, steve case, to hear what he had
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to say about amazon's decision to expand into new york. i respect the fact that they asked people for proposals, got i met withls, and mayors recently and told them if they took half of the energy that went into their energy bid and have to dollars willing to put on the table to and send amazon to come there and refocus on startup communities, they might create the next amazon. even though most of the city super applied -- to apply lost, hopefully that energy will go into the start of sector bearing fruit down the road. cities, i was surprised about the northern virginia, d.c. area. i expected that and a lot of people expected that for a lot of reasons. the decision to go to new york was a little bit of a surprise. perhaps, there was a miscalculation.
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having started and skilled aol supported -- scaled a well here, i'm supportive. hopefully they and other companies -- google, apple, facebook, they are opening offices in other parts of the country. we need a more inclusive approach to innovation. people have reason to be optimistic about the future and not feeling like they're getting left behind. part of thee decision-making committee and amazon and see resistance in queens, what do you do? what is the way forward for amazon? >> i don't know all of the details in new york and jeff bezos is a friend. he has a great team. i'm sure they will figure it out in terms of reaching out to the community. they will figure out if there is a path forward or if they need to recalibrate. brad: that was part of my
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conversation with revolution ceo, steve case. coming up, big tex faced off this week over privacy is apple temporarily pulling apps development tools from facebook and google. to the ceo of common sense media to get his outlook. if you like bloomberg news, check us out on the radio. listen on the bloomberg app,, and, in the u.s., sirius xm. this is bloomberg. ♪ ♪
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brad: the same week that facebook announced record profit, the company had been paying users some as young as 13 years old to monitor their data. facebook'sed
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enterprise certificate saying they used an internal have to gather external research. they later restored it. defended theiro practices on wednesday. what matters is people know how their information is being used, and in this particular case, the people using the research avenue how the information was being used. you are right, it has been a challenging time for facebook. we need to earn back people's trust. brad: can facebook regains people -- regain people's trust? i want to welcome the ceo of common sense media. you wrote a book in 2012 talking back to facebook. to talk back to facebook after this week and this year's revelation, what would you say? jim: what a catastrophe. i would say to sheryl sandberg,
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in the case of the research app, i completely disagree a 13-year-old knows why you are paying them $20 per month. they are happy to get it. brad: let me play devil's advocate. they said the disclose of forms were clear and everybody did it: -- didn't voluntarily. jim: i would say the disclosure the 87 pagelear as privacy policy get on the iphone that you never read and just check yes, except. the issue is that -- accept. the issue is that the average kid might be smarter than the average parent, but they don't read those forms. that is why apple shut them down. it was an important moment in recent decades street -- recent tech history. brad: does it make you uncomfortable that apple was able to significantly hurt a business and its internal
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operations with the flick of a switch? jim: it does not make me uncomfortable. makes me respect the people who made the decision. until we get more commonsense regulations in the tech industry , which you know commonsense charge, ieading the think you need the better minds in the industry to stand up and say this is wrong. apple and tim are taking the lead role. brad: they have had their own skirmishes lately, the facetime bug that they have yet to fix. jim: agreed. but, they were honest about it. i think tim standing up to facebook and google, incredibly important. has stood up to particularly about addiction and attention issues. i think it's important for the tech industry to speak out. the techpeople think industry is monolithic. apple is very different from
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facebook. i think what apple did in this case was completely thoughtful, respectful. ,hey shut it down after a day and in the absence of commonsense regulation by the government, who have been missing in action, i think would apple did was excellent. brad: you make a good point by saying the tech industry is not monolithic. what kind of questions should be the asking other companies like amazon, which itself is building very large efforts? jim: i agree with you. the last segment was quite interesting with that regard. we have to ask, what is your responsibility so society. tech has some the great benefits for all of us, that there have been many unintended consequences, particularly in the realm of facebook, etc. democracy, we our have seen the impact on children, privacy issues.
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we are coming to terms with that. you have to see leadership by the tech industry itself and see content government regulation. what you saw last year in california, the efforts we led to have a comprehensive protection for consumers, we need more of that. we also need to understand that really smart, good people need to stand up and do the right thing. brad: when cheryl lynn mark -- when sheryl sandberg and mark say facebook has changed and they are focusing efforts on privacy, on monitoring fake news , do you take them at their word? jim: no. is all about putting your money where your mouth is. i know hseryl and i respect -- sheryl and i respect mark. but, with over series -- with the series of issues, they of the public a massive change in the company's behavior, and stopping defensive. get out there and change things. it is a great company, but has and norma's problems.
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brad: what steps would you like to see them take? jim: we shoul -- they should shut down messenger kids because of the friendly fraud. information that came out of a lawsuit that showed kids were running up very large bills. jim: and facebook was keeping bits, calling them wales, gamblers. we need to see fundamental behavior change. kids under 13 don't need to be on a social network. you don't need facebook messenger for kids. i would shut that down today. i was stopped doing things like they did with the research cap, which was away for teenagers to reveal their private information to facebook, which they could then monetize. you have to practice what you preach. for mark big challenge and sheryl.
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they are great people. they have made contributions to our society, but they need to change major practices at facebook. we need the tech industry to have honest discussions. what tim and apple did is right. it may have just off facebook ed offogle -- piss facebook and google, but too bad. brad: jim, thank you for meeting with us. foxconn says it will go ahead with plans to build a factory in wisconsin after a conversation with chairman terry dow and president trump. we will have the details next. "bloomberg technology" is livestreaming on twitter. check us out @technology, and be sure to follow our global news network, @tictoc, on twitter. this is bloomberg. ♪
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brad: after days of reports on whether or not foxconn will wisconsin,tory in the taiwanese company said it will proceed with the plan. the decision was made after gosident trump and terry discussed the matter. for more, let's bring in austin car. you've been following the saga for quite some time. it's an incredible story. tell us about this. an interesting week for foxconn. there has been tension about the company's plan in wisconsin. earlier this week, there were reports that they would draw create this plan to 13,000 jobs and not create this big lcd factory where all of the jobs would be. a day after that, they said they are not 100% sure and they are reconsidering the plans for the factory.
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trump ander president the foxconn chairman had a conversation, they are back on for the factory in wisconsin. it has been a surprising week of developments that have been confusing not only for observers of the company but for state officials in wisconsin concerned about the deal. brad: any indication of what trump promised the chairman? austin: some of the earliest discussions took place in back in early 2017. president trump has been involved in groundbreaking ceremonies, therefore the big announcement with the chairman. this has been central to his big campaign pledge to bring manufacturing jobs back to the u.s. from place like -- places like china. this deal seems to be crumbling, there was no doubt he had to apply pressure to chairman gou to get him to recommit to the
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promises they have made to the state of wisconsin. otherwise, it would have looked bad for president trump and some of the commitments he made to his supporters. isd: what i find so curious that, locally in wisconsin, it does not seem to be popular. the governor lost his reelection bid and people were attributing that, to some extent, to this deal. nationally, trump is really invested in this. austin: correct. it was such a contentious issue. governor walker lost to the new of that, and part unpopularity, the controversy, stems from the fact that this deal has been extremely confusing, gone through a lot of evolutions and signed into contract in november 2017. at first, the company said this would be a big factory to employee a vast majority of factory workers, up to 13,000. later on, they switched the plan and said they would be " knowledge workers."
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committed to building what is called a generation factory but they scale that back and said they would just build a generation six factory, a much smaller factory. the plan keeps going to changes. as governor eberst told me, this deal has been one disaster after another. brad: what are they going to build? you said they are reducing the footprint. to chairmanrding gou and a special advisor to chairman gou, they're still going to build lcds, but it is tbd what their overall ambition is in the state. they have had big talks around building r&d centers, innovation centers. they talk about this ecosystem of a case training video and artificial intelligence as well as 5g wireless networking.
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if you talk to people on the ground, it is amorphous. it's not quite well-defined and keeps going through changes. larger than that, they missed their hiring goals for the first year with the state for their macs target, about 82%. that's a whopping disparity from what they promised about a year ago. brad: we will have to leave it there. we would keep watching. austin carr, they do for joining us. the trial over the rollback of net neutrality begins in washington. we hear from the coo of mozilla is leading the fight to restore regulation. plus, could the next big tech company be outside of silicon company? an investment firm, revolution, heads to florida for an answer. this is bloomberg. ♪
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♪ this is bloomberg technology. i'm brad stone. back in december 2017, the fcc voted along party lines to repeal net neutrality. those protections were designed to basically keep internet speeds equal for all so that internet service providers could not throttle your internet. on friday, net neutrality backers took their case to court to stop the repeal. internet company mozilla is leading the plaintiffs' case against the federal government. joining me is coo denelle dixon. the chief legal officer. thank you for joining us.
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i gather you were not in washington, d.c. today. very cold there, but you listened to the oral argument. tell us what happened. denelle: we feel really good. it went for five hours. it is getting the attention and importance this issue deserves. what we felt about today is they talk a lot about the reported re-privatization, whether these companies should be telecommunication companies which thewe think they should be. there was a lot of interesting discussions about paid prioritization and blocking and throttling, and from our side we say if you don't want to do it, why do we have to repeal the rules? brad: this case is called mozilla v. fcc. tell us why you are taking the lead. denelle: this is a really important issue to consumers, to ensure we have an open web. i'm not going to sit here and
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tell you it is not relevant to all the products on the web, but this is about openness and transparency and access to content, all content on the web. this is a consumer protection issue and we want to see this continue to have -- consumers to have all the access to all the content they want all of the world. brad: make this relevant to viewers out there who might think that since obama era regulations have been overturned, not much has changed. perhaps the new rules have never really gotten into effect, but what are the -- denelle: everyone is asking in their best behavior. nothing is really set in stone yet. yet we ar. we are seeing bits and pieces being taken away. this is not a change that happens overnight, but to make it real, think about the notion we have 50% of america that don't actually have choice with
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respect to isp. what about those isp's decided they only want to do show one piece of content? minority views never being expressed. small businesses never getting access to consumers. these are real issues that involve all of us. brad: matthew barry, the fcc chief of staff, just put out a statement. i want to read it briefly. he says the u.s. supreme court has already affirmed authority to classify broadbent as a title i information service, but after today's argument, we believe the judiciary will uphold the fcc decision. perhaps nothing surprising here, but what did you make of it? denelle: nothing surprising at all. that would be the position i would say if i was on their side. there is a difference that is allotted to the fcc, if they do their homework and they didn't do their homework here with respect to their classification issue. they did not demonstrate there was a need for a change. i disagree wholeheartedly with
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what this court is going to do and we saw that being expressed by the judges hearing the case. brad: one of the things we have seen over the last 1.5 years, states all over the country, 30 up until now passing their own net neutrality regulations. state of california included. what are the prospects for the state laws. ? do you anticipate congress acting and wiping those rolls off the books? denelle: a lot of things could happen. see we want to is we want to win this case. we win this case, we get rid of that and go back to the 2015 order. that is where we should be, that status quo. that is where the internet should be. hopefully we won't have to get into those debates. brad: let me raise the less hopeful scenario that the fcc prevails. what is the way forward? denelle: from that standpoint, we are going to keep fighting. i don't know what that looks like. we hope to win this case. if we don't, mozilla is in this
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for the long haul. i can assure you folks that are participating in this is in it for the long haul too. brad: asking a divided congress to address anything these days is a long shot, but did you see congress acting? denelle: we hear rumors that things might,. the only way any legislation with respect to net neutrality is if it aligns to all the rules were set in 2015. i don't know what that will look like. it will be hard to make that happen in this congress. i don't want to go there because i think we will win. brad: the case is mozilla v. fcc, but a lot of other parties, some of whom we heard from today. talk about the differences aligning? denelle: that is a beautiful thing. we have 23 states attorneys general. it shows you that this has been an issue that should unite folks. we constantly said time and time again this is not a partisan issue. this is an issue we can all
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agree along the lines that the internet is actually not -- it is not a privilege. it is something that everybody uses. people use it to get jobs, to get information about their family all over the world. this is something we need to protect. this is the wonderful thing about this case, it unites all of us. brad: tell me more about this procedure. how long will it go one? what can we expect? denelle: it is hard to know. we look forward to seeing the court'so rd order. we want the court to spend the time it needs on this. these oftentimes when you are dealing with litigation, it takes a long time. brad: thank you denelle dixon of mozilla. coming up, silicon valley is notorious for startups, but investment firm revolution is looking for the next big company elsewhere. we will take you where it is taking its search, next. this is bloomberg. ♪
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cofounded byion former aol ceo steve case has announced its new rise of the rest bus tour. starting april 29, the revolution investment team will head to four florida cities and puerto rico to highlight the startup economies. revolution's nationwide effort to back startups. i spoke with steve case earlier. take a listen. steve: we have done seven of these road trips in 38 cities all across the country. this time, we are going to
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florida and then puerto rico. all of this was started five years ago to shine a spotlight on the regions around the country showing momentum along the startup community and entrepreneurs that need more eventual capital and people to pay attention. 75% of venture capital went to three states -- california, new york and massachusetts. the other 47 states fought over the 25%. we are trying to level the playing field so everybody everywhere who has a startup idea as a shot at moving it forward. brad: let's start with florida. it is not known in the popular imagination for technology entrepreneurship, but that is not quite right. down in plantation. chewy was acquired by petsmart. tell me about the florida startup ecosystem and why you find it promising. steve: it is the third-largest they in the country. yet, it gets less than 2% of
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venture capital. i feel like there is an imbalance. the success of chewy, $2 billion from alibaba to create a very significant company in the ar space. many relocating from silicon valley to south florida. a lot of things happening. our tour will be in orlando, best known for hospitality and disney, but already becoming a strong restaurant city. we are going to the space coast. a lot of space tech companies and startups from all of the country, robots, aviation to pitch at the space coast. we are going to tampa bay.a lot of interesting things happening. bill gates investing heavily in reinventing the downtown area, focusing on startups. theiami, emerging as one of global cities and a strong startup ecosystem as well. the last day on friday, we are going to puerto rico which
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everyone is focused on some of the problems they have had. the hurricane relief efforts that have been very important. i think the focus is rebuilding the economy and focusing on the industries of the future, the jobs of the future. you got to be more supportive of startups. it should be a great week. brad: that was my next question about puerto rico. it has been over a year since the devastation of hurricane maria. they are worrying about basic infrastructure. what are the opportunities for entrepreneurship and tech startups when the basics right now are sorely lacking? steve: some of that is the opportunity. i was there a few weeks ago with jose andres, joining us for the tour in may. emanuel miranda was there. spent the day traveling around, but part of what is happening is entrepreneurs are recognizing the need to create a more resilient and self-sufficient and sustainable economy. over 90% of the food on the
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island comes from other places. how do you create more sustainable agriculture? they do have some challenges with electricity. how do entrepreneurs focus on that, as well as the core startup sector? some great work there. there is a recognition that not just the startups that might start there and sell their products and services elsewhere in the country or around the world, but the startups can create a stronger, more sustainable economy in puerto rico. brad: founders in puerto rico and the four cities in florida, i'm sure they're eager to meet you, your partner j.d. vance, but probably interested in whether they can raise money. to what extent are these bus tours do you open up the wallet and make investments from the $150 million rise? steve: we do have a pitch competition.
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part of the reason we announced the tour today and go to the website is so entrepreneurs in those cities can apply for the competition. usually 80 or 100 apply, we pick about eight. we have judges from the city and we will pick a winner. we will invest $100,000 in that company. part of our goal is to major all those companies onstage get more attention. hopefully they get more investors and through our fund which we launched over a year ago and have 40 of the most iconic investors in the country as part of that -- we also find other companies outside the competition that we invest in. so far, we have invested more than 100 countries and over 50 cities. there is a lot of great entrepreneurs everywhere. most of the venture capital in places like silicon valley is focused in the backyard, new york city and boston similarly focused in their area.
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not enough focus in the rest of the country and that is what we are trying to change. brad: let's bring it closer to home. we are potentially two weeks away from another impasse over the border wall and maybe another government shutdown. are you worried about the business implications of that? steve: i think hopefully everyone has learned their lesson of the last shutdown which was sort of a standoff. i know there are number of people working as part of the 17 member group to find out how we can move forward to avoid this shutdown and maybe put legislation in place, which is what senator warren has proposed, so the shutdown is not happen on a regular basis. clearly not helpful to the economy, to people's everyday lives. i came one hour ago from the world central kitchen in washington, d.c. and there is still a line out the door even though it is quite cold and snowy. a tough time, even of the government has reopened,
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contractors not getting paid, will not get paid. this kind of thing is not good for the country, not good for the community, not people working directly or indirectly for the government. we have to find out a way forward so does does not turn into an every few weeks kind of political stand up. brad: in the search for a longer-term solution, prospective residential -- presidential candidates have been proposing new manners of taxes, including on the wealthiest of americans, including a 77% estate tax. i'm curious how you feel about that. steve: i'm open to new kind of taxes. i would be happy to pay more taxes as long as it goes into programs that will be more helpful, including education and efforts around entrepreneur ship and job training. more probably, part of my focus the last 10 years has been to stay out of politics. i work on things like -- five
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years ago, work on the investing and opportunity act as part of tax reform. i'm happy to engage on anything that can be supportive of innovation, but only in a bipartisan way. i will stay out of the game of predicting what might happen in a presidential election. brad: let me ask you for one detail, are there tax approaches you favor, like an estate tax versus elizabeth warren's tax, 3% on assets over $1 billion? steve: my expertise has been what are the incentives that can drive more investment in the companies, rebuilding the communities, creating job as fabs. getting those right. there are rules that the treasury is looking at that is necessary. investment in neighborhoods in terms of real estate opportunities, but it is also important that the rules be
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designed that can fuel investment and companies that can create jobs. the other aspect of tax is not my area of expertise. with that was my interview revolution chairman and ceo steve case. a quick note -- michael bloomberg, founder and majority owner, is an investor in the fund according to revolution. still ahead, california still recovering from wildfires which damaged thousands of acres of land. could drones lead thae recovery? we will discuss, next. this is bloomberg. ♪
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is a startupseed
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that works to plant vegetation using drones. it gets paid by the acre planting trees and protecting forests from invasive species. the company announced a contract with the nature conservancy, the largest nature conservancy organization. joining us now is the drone seed ceo. thank you for joining us. guest: absolute pleasure. brad: we all watched the terrible wildfires in california last summer. wildfires currently now in australia, in tasmania. what are the prospects for this kind of technology to address this terrible tragedy? guest: as far as this trend, i can get into the numbers, but we can talk about the technology first and figure out what we are doing. we do precision forestry. per acre, as a service, planting trees, protecting them. drone swarms.
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not just one thrown but up to five aircraft at a time. what is valuable about that is eat aircraft in carrey 57 pounds of payload -- seed, spray. we are the first ever to get approval to allow aircraft over the 55 pound limit. that is incredibly powerful. this program talked about tech lash. we have a technology looking for a problem, no. we when out there before we built anything, we asked nursery managers and said what are your pain points and how can we solve this? the solution was drones. coming up this and really figuring that out. brad: in the video, you do see some red vested workers monitoring the drugs. can they be completely automated in hard-to-reach areas? grant: complete automation. we want to go to a direction of automation because we want those workers to be able to do more acres over a much shorter period of time.
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i would love to cue some video about what the current method looks like. if you look at the current tree planting methods, what you are able to see is people who do that work are superheroes. the caloric equivalent of running two marathons every day. we want to take it to a place of automation were the same people can be servicing a much larger acreage each year. if you got yourself, wow, it seems like there are a lot more wildfires than there has been in the past, you would be entirely correct. in 1992, you were looking at something like a 10 year average for acres burned was about 2.7 million acres. you fast-forward to today, about 7 million acres burned each year. some years, it is 10 million and some years it is 7 million. that is a very big problem to deal with for context because that is a big number. that is seven times the largest lumber companies in the u.s. plan each year and that is only
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projected to go up. brad: talk about how reinforcing is part of the answer. grant: we are incredibly pleased to be working with the nature conservancy. they are the world's largest land conversation organization. one of the things that they have highlighted in a recent paper is national climate solutions. it is fancy talk for planting trees, restoring ranchlands and responding to wildfires. their assessment is we can respond to about one third of the required reductions under the paris agreement simply by doing those things. it is the forgotten solution. we look at shiny tech a lot. i am a big fan of it, but at the same time, there is technology that has evolved over eons and that is nature and it is really good at sequestering carbon. brad: talk about droneseed as a business, over $5 billion. what is the prospect for
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creating a profitable company? grant: the investor these this social capital, spiro ventures, their thesis for us was we've got companies in our portfolio working for noaa, saving them gobs of money as they go out and accumulate data. you have another that is doing hyper local, parts per million identification of pollution sources. they look at that and say, wow, you are acquiring data, solving a very big pain point for a government entity, state, local, federal. now we want to go beyond that. we want to see an actual remedy to a problem. we are one of the first companies that is doing that. we are actually planting trees, protecting them and doing it in a scalable way. that scalable way for us looks like setting up a hangar, extending from the northwest down to california, and then reducing our cost by setting up those hangers and cloning drones
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across the south and internationally. new zealand, for example, the ministry of for a street set aside -- forestry set aside money for treeplanting projects to comply to the paris agreement. brad: we have to leave it there. grant canary, thank you for joining us. that does it for this edition of bloomberg technology. remember, bloomberg technology is live streaming on twitter. check us out and be sure to follow our global breaking news network tictoc on twitter. this is bloomberg. ♪ i'm a veteran
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and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome.
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>> if you could be a great athlete or the ceo of an athletic apparel company, what would you do? >> ceo every day of the week. maybe not every day of the week. [laughter] david: if he comes over your house, does he let you win? you are in the apparel business. >> that jacket lets you recover your muscles faster. david: i am feeling the blood flowing already. >> would you fix you are tie please? david: people would not recognize me as my tie was fixed. all right.


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