January 8, 2025 • 40 mins
Bloomberg's Caroline Hyde looks at Samsung's next steps as the company posts disappointing quarterly results but sees a stock boost from Nvidia's optimism. Plus, Bloomberg's Ed Ludlow sits down with the CEOs of Mobileye, Panasonic US and Siemens US to discuss how the companies are leveraging AI in 2025.
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Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news 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.
Speaker 2 (00:34):
Live from New York and Las Vegas. This is Bloomberg
Technology coming up. In Vidia rise to Samsung's rescue after
disappointing quarterly results. Shares actually bounced back to Jensen Wang
expresses optimism for the memory maker. Plus, we sit down
with mobili at CS to discuss the future of autonomous
driving in the US and our conversation with the CEO
of Sirius XM on the company's focus on growth and
(00:56):
leveraging AI. Meanwhile, Jenson Wang makes impact on all of
quantum names that have rallied so hard in twenty twenty four.
They're off to a bad start in twenty and twenty five,
off by thirty three percent.
Speaker 3 (01:05):
Of iron Q for all the others.
Speaker 2 (01:07):
On the downside, just one saying, look, it's going to
take fifteen to thirty years before we get some significantly
useful quantum computing outcomes.
Speaker 3 (01:15):
So pouring cold water and some of that optimism.
Speaker 2 (01:17):
But on the upside, Jensen rides to the rescue of
Samsung were currently up three point four percent, even though
the numbers of their last quarter were dismal. But it
looks as though the high bandwidth memory chips are so
important to integrate into AI accelerators of in video while
they're coming at a pace.
Speaker 3 (01:34):
Peter Elstrom has more on all of this.
Speaker 2 (01:35):
Peter, just give us the nuance because Samsung has lagged
behind s K, Heihinis and smaller competitors when it comes
to high bandwidth memory. But some optimism from Jensen Wang here.
Speaker 4 (01:46):
Yeah, that's exactly right. So Samsung reported preliminary earning, so
we're going to get the final earnings later. But as
you said, they were pretty terrible. They reported operating profit
of six point five trillion Walt's about four point five
billion dollars and so third less than everybody had been expecting.
Revenue was also a bit late. But just a few
words from Jensen Wong and the stock went up. And
(02:07):
really the reason for this is what he said was
not even that positive. But he said that Samsung has
to make this leap to AI chips. They have to
make these breakthroughs, and he said that they're working, they
can do it, and they're doing and they're working very
fast to do it. They're trying to come out with
the next generation of high bandwidth memory chips that will
be paired with the Nvidia AI accelerators to be able
(02:27):
to train these AI models. So just a few words
from Jensen Wong were really enough to turn around Samsung's fate.
He expressed some optimism that they're making progress. They're coming
out with a new design for the HBM chips, and
Vidio is going to get to the point where at
some point they're going to give them approval for these
HBM chips, then they can start to buy from them.
In addition to ask k Heinix essentially as Kahnks has
(02:49):
had a monopoly on this market so far, so in
Vidio wants competition there. They want Samsung to get into the.
Speaker 2 (02:55):
Market, and boy hasn't been displayed in the share prices
right we saw sk heinicks up about twenty percent LAS,
whereas I think is about a third of the market
capitalization of Samsung was ripped away because of their seeming
delay on getting in on high bandwidth memory.
Speaker 3 (03:09):
Are they having though to spend a lot? Is that
why we saw the disappointment in the numbers.
Speaker 4 (03:14):
Yeah, certainly they're investing very heavily, and Samsung is not
used to being in this position. Samsung has long led
the memory market. They've been the biggest, they invest the
most amount of money, they get the best engineers, and
what they're seeing is that es khin has kind of
like the little brother in this market, has been able
to surpass them. And partly that's because Skhinnicks had a
breakthrough design and how they organized their HBM chips that
(03:35):
really help with some of the heat dissipation issues that
are necessary as we move into this higher powered computing
with AI in AI memory in particular. So eske Hynicks
has gotten ahead of them. They got invidious approval to
be able to ship these chips. That's been a huge
boom to esk Heynicks in their share price so far.
But they have Samsung right behind them, very determined to
(03:56):
catch up, and as we heard from Jensen Wong, they
are making progress.
Speaker 2 (03:59):
Alstro, we thank you so much. Now that's head out
to Las Vegas. We are our own ed Ludlow was
on the ground at CES with the laterst dead.
Speaker 5 (04:08):
Yeah, it's so interesting to hear Peter talk about the
semiconductor and AI demand at Samsung, because if you look
at the numbers, it was everything not AI that was
the pain point, and a lot of the street going
into that print.
Speaker 6 (04:21):
Were like, well, what does Samsung do?
Speaker 5 (04:23):
They sell smartphones and they smell, they sell high end
TVs and everything here at CES is all the rest, right.
They're always the biggest exhibitor here, high end appliances that
AI integrated. I don't know if you have an AI
integrated fridge or washing machine, Caroline, I don't know if
I need one. But that's what Samsung was hoping would
be a boost to profit in particular, and it didn't materialize.
Speaker 2 (04:45):
It certainly didn't. But actually Jenson Wang right to the rescue,
and is Jensen's making moves whether it's on quantum stocks
as well. But just talk us through a little bit
more of what we're seeing unfolded when it comes to
actual consumer technology here.
Speaker 5 (04:58):
Yeah, so if you and my in the ginormous hall
behind me, right at the center of it, out of shot,
is this like mini stadium, and that is Samsung's display.
It's always the biggest, and they are betting that the
consumer now is going to part with their cash to
build out their home in competition with Apple, in competition
with Amazon. I spoke to Jianjung, executive vice president, Samsung,
head of smart Things. It's all about efficiency, cost and energy.
Speaker 6 (05:22):
Listen to this.
Speaker 7 (05:23):
Twenty twenty four was the ten year anniversary since Samsung
acquired smart Things and started building this smart home experience
to our consumers. And with this smart Things platform, you know,
we are just so thrilled that each year we can
really deliver new, like innovative features to our customers and
(05:45):
like from like the kitchen to living room, bedroom and
all the appliances and TVs and you know watches and
rings and Galaxy devices that you know, with the smart
Things platform, we can really help you live in the
best way, like optimize, we can we can set the
optimized settings for you for your bedroom and kitchen and
(06:09):
living room. So so with the smart Things, you know,
the connectivity and then AI that we add to make
this appliances and device a small adaptable to your lifestyle.
I think that's the really great benefit of smart Things platform.
Speaker 8 (06:25):
What can provide ideas?
Speaker 5 (06:27):
Are you recognizing in the consumers, So for example, say
somebody watching this has never had a connected appliance to
device let alone and an.
Speaker 9 (06:38):
AI capable washing machine or refrigerator.
Speaker 7 (06:41):
Well, we think that you know, so you may want
to start with one like appliance at a time, right,
but once you once you experience that benefit, then I
like you may want to then change replace all the
other appliances.
Speaker 3 (06:56):
I mean that's what I actually did.
Speaker 7 (06:58):
So I recently moved to a new apartment and then
you know, I was like, okay, so maybe I can
sort of have a one new washing washer. And then
it's just the benefit is so great, right, so you
can remotely control it, you can see the energy use.
Then then why not you know, replace the dryer so
that I can have added benefit. And then you know,
(07:20):
once I see the value of okay, then with the
washer and dryer and then then cooked up and the hoods,
you know they all together, then you can say more energy, uh,
and then you can sort of have also coordinated control
that we can provide so kind of slowly, one at
a time, you can sort of build a smart home
that way.
Speaker 5 (07:39):
This is the Consumer Electronics Show. But one of the
more interesting announcements I found was that you're taking small
things into a scenario that people might not expect with
some some heavy industries shipping.
Speaker 9 (07:53):
It's talking big commercials right boats?
Speaker 8 (07:56):
Right?
Speaker 10 (07:56):
Why why?
Speaker 9 (07:57):
Why? Why would a ship and a shipped crew need
small things?
Speaker 8 (08:01):
Why not? Right?
Speaker 7 (08:02):
So? Right, So we are So this year's CS you'll
see our offerings in the home and beyond the home.
So we have the smart Things pro solution that we
built on top of smart Things platform. So this smart
Things pro solution is for business and we are expanding
(08:25):
that functionality to car fleet of cars and ships. So
you know, you'll see our exhibition of our collaboration with
Samsung Heavy industry this year.
Speaker 2 (08:41):
The executive EP and head of smart Things at Samsung
there with Ed coming up. We'll be joined by the
Panasonic North American chairwoman and CEO, Megan may One Lee
live from CS.
Speaker 3 (08:52):
This a bring bad technology.
Speaker 5 (09:07):
Okay, welcome back to Las Vegas and some special coverage
of CS twenty twenty five. One of the big focuses
in this place is always about the technology behind energy,
the supply chain for energy. One of the companies that
talk about that most is Panasonic, from energy supply chain
right through to consumer products as well. And I'm delighted
to say that Megham Young Wong Lee, Panasonic's North America
(09:30):
CEO is here. As every year we talk and every
year there's an update. So let's start with what I
think your focus was, which was energy supply chain. Yes, Why,
what's new and in particular, how are you using artificial
intelligence to get better?
Speaker 10 (09:46):
Yes.
Speaker 11 (09:48):
So we did the Kenot speech yesterday and our message
was all about well into the future as one hundred
and six years old old company, and we're making big
investment in North America in the area energy for evy batteries.
A supply chain is also a critical part of our
business and the area that we're trying to make a
contribution for a more efficient smart supply chain solutions. So
(10:14):
we about blu Yonder and blue Yonder is coming out
with an end to end visibility capability with AI agent.
They can customize for your problems and solutions and can
work with you. So we're really excited about that announcement.
Speaker 6 (10:31):
What kind of a deal was that? How difficult was
it gets to be done?
Speaker 5 (10:34):
You know, like the story of twenty twenty four was companies,
industrial companies particularly going out and saying we're either going
to have to acquire capabilities, we're going to have to
grow them internally.
Speaker 11 (10:45):
You went one way, yes, yes, So we started working
with them a couple of years ago, and we're really
excited about their our ability and investment that we made
with blue Yonder and their capability to really the problem
of the supply chain resilience and safety and will be
the forthcoming with the newer technology, and we're really excited
(11:07):
about that. So it's a bully under subsidiary subsidiary of Panasonic,
and they're in North America based and it's a great
announcement for US and newer capability for us.
Speaker 5 (11:19):
You said two things, supply chain resilience and investing in America.
And I post on social media every year that I'm
going to be speaking to you, and every year I
get dozens of questions.
Speaker 6 (11:29):
Hundreds actually in this case, I would say.
Speaker 5 (11:32):
The vast majority are about the upcoming Trump administration and
potential tariffs and policy around China. And that's so interesting
to you because of the Evy battery supply chain in
particular in this country.
Speaker 6 (11:46):
What's your message around that?
Speaker 11 (11:49):
So even before the Trump administration, the supply chain, I mean,
we all know that China controls a lot of row material.
Speaker 6 (11:56):
We head out material being.
Speaker 11 (11:59):
Yes, yes, the Eavy batteries yes, yes, So we've been
working hard even before I mean during COVID, everyone had
the challenge of managing supply chain. So we had that
issue of trying to make sure that the supply chain
is smooth and predictable and under control. So we have
vested interest to make sure that it's closer to the production.
(12:21):
The production being Reno and a newer factory in Kansas
which is opening up this spring.
Speaker 8 (12:26):
We're really excited about.
Speaker 6 (12:27):
Okay, give me more updates.
Speaker 5 (12:28):
I have the next question from the audience, partip those
that follow names like Tesla right, ask give me a
factory update please.
Speaker 6 (12:36):
Yes.
Speaker 11 (12:36):
So our Reno operation has been really successful and it's
up and running for now ten years, and we're opening
up new operation in Kansas, and we've been building the
factory for now two years. It's going to open up
in April and well we'll be in full operation from
spring and summer this year. And we're working with partners
(12:58):
like Mazda Subaru which is a very announced and Lucid
as well.
Speaker 6 (13:02):
That's right with the gravity projects exactly. Okay, that's interesting.
Speaker 5 (13:05):
So I got a question for you about Lucid, and
when I read it from me, it was from an
audience member.
Speaker 6 (13:10):
I was trying to think, like, what's what's the core
of this question?
Speaker 5 (13:13):
But I think people were surprised that you partnered with
Lucid on the gravity it might not necessarily be a
high volume ev initially, what was your thinking there?
Speaker 11 (13:23):
So Panasonic being a one hundred and six years old company,
and it's great to work with the partners.
Speaker 3 (13:28):
Like Sabaru and Mazda, but we're very also.
Speaker 11 (13:30):
Keen on working with up and coming, newer companies so
that they challenge us and we learn from them and
make sure that we're partnering and capable of partnering with
the companies like Lucid.
Speaker 8 (13:40):
And we're really excited about that.
Speaker 3 (13:42):
It's going really well.
Speaker 5 (13:43):
I've covered that company a few years and interesting vehicles.
They're not very good at building them, you know, from
a volume perspective. When you make a decision like that,
how do you weigh that up in your head? You know,
because you want to be able to provide supply. It
helps you in supply chain planning.
Speaker 11 (14:00):
I do think we as a company want to take
a chance and partner with the companies that operate different
ways than US. Bluyander is an example why it's a
software company US based, and Lucid is also a newer
partner too. But we have a success cases with Tesla
ten years ago and we're doing it again with Lucid,
(14:22):
and we're very bullish about that.
Speaker 6 (14:24):
What is the latest on the Tesla relationship? Where are
you innovating and where do you see it progressing?
Speaker 11 (14:30):
We are Panasonic as a Panasonic and really excited about
the forty six eighty capability.
Speaker 6 (14:36):
Which where are we at with forty six eighty?
Speaker 11 (14:38):
So that product is.
Speaker 8 (14:42):
The capability and quality is great.
Speaker 11 (14:44):
It's been tested and production in our mother company factory
in Japan, and we're planning on bringing it to our
cancas in the future.
Speaker 5 (14:53):
You with respect, R a CS veteran. You've been to
many what's it been like this year? Many of the
and automakers are here just walking around. I feel like
even on the consumer electronics side, genuine consumer electronics, things
are positive. Yes, what have you been talking with your
customers your suppliers with what are they thinking about?
Speaker 11 (15:15):
So we started working with CTA and CS since nineteen
sixty seven.
Speaker 8 (15:20):
Okay, so we're one of the longer, so we feel.
Speaker 3 (15:23):
Like we've grown up with the CTA.
Speaker 11 (15:26):
CES is not necessarily so much about newer gadgets and products.
Speaker 3 (15:30):
It's about our message.
Speaker 11 (15:32):
Our keynote speech was about storytelling how we grew up
with the CTA for past sixty years, so we feel
really good.
Speaker 8 (15:41):
AI was big last year.
Speaker 3 (15:43):
This year it's all about application.
Speaker 11 (15:45):
Even including us. We made an announcement about a product
called Umi. It's an AI wellness coach that's on the floor,
and you know, it's a newer capability that we're demonstrating
on this platform, which is a little different from our
past capability, but we are coming up with a newer
solution and AI product.
Speaker 6 (16:06):
We just had fifteen seconds. Are you ready for the
Trump administration? Yes, we are, and.
Speaker 11 (16:12):
We've been prepared for this and we will work with
the government to make sure that our investment in this
market is meaningful for our company as well as as
well as for the market.
Speaker 5 (16:22):
Megan Young onely, I always appreciate catching up here in
Las Vegas, Panasonic North America CEO Caroline back to.
Speaker 6 (16:29):
You in New York.
Speaker 2 (16:30):
Great conversation and another story ed that we're watching and
it's going back to Anthropic, the open AI rival, is
in advanced talks to raise two billion dollars and a
funning round that would value the startup at sixty billion,
sources saying this Lightspeed Venture Partners is leading around. Anthropic
was recently on pace to generate around eight hundred and
seventy five million.
Speaker 3 (16:48):
Dollars in annual revenue.
Speaker 2 (16:57):
Serious XM, the online radio service, so is it's focused
on growth after it's twenty twenty five full costs missed expectations.
Speaker 3 (17:04):
That was back in December.
Speaker 2 (17:05):
Now, Belie Meg's Ed Ludlow just caught up with the
CEO Jennifer Witz at CES and began with a discussion
on AI implementation.
Speaker 8 (17:13):
In some ways, I think.
Speaker 12 (17:14):
We're the ANTIAI in terms of in terms of content
creation and curation, right, So, you know, we pride ourselves
on the hosts and the programmers that we have, the
people that actually put together the channels and the shows.
It's the voices you hear every day on your commute,
but really drive that intimacy that audio offers in the connection.
(17:37):
Where we will leverage AI is in some respects where
others have used it as well to provide better discovery
and personalization, right, So we hope that our programmers can
really curate an experience to help you find what you love.
But also the technology of AI could create more personalization
in our marketing, in the product itself in terms of
recommendations to enhance that and more. And of course there's
(18:01):
lots of other benefits for AI in terms of cost
reduction and more efficiencies in the business.
Speaker 8 (18:06):
Overall, this is Bloomberg.
Speaker 6 (18:08):
So let's talk some business.
Speaker 5 (18:10):
Last month, you basically said this is our revenue outlook
for twenty twenty five, and investors, for whatever reason, we're disappointed.
You also said that you're going to cut costs run
your business. How is the cost costing going and what
were the factors that I guess if you accept that
the revenue outlut is not what your investors want to see,
(18:30):
what were the factors behind it being what it was.
Speaker 12 (18:33):
Yeah, So we're very focused on supporting the top line
and the two aspects of our business that we've talked about,
subscription and advertising, and we have opportunities to continue to
grow there and drive improvements to that part.
Speaker 8 (18:45):
Of our business. But we're really focused on the subscription
side on what we do best.
Speaker 12 (18:50):
Audio first, and in the car, because that's where we've
proven that we can really be successful, and that's where
radio is very successful in our ads business. We talked
about where we're at in terms of podcasts and other
content to build out that portfolio, and yes, cost reduction
will be increasingly.
Speaker 8 (19:06):
Important as we move forwards.
Speaker 12 (19:08):
We want to sustain our industry leading margins, and on
top of that, we also have significant free cash flow
generation right and as we get to our target leverage ratio,
we'll be able to increasingly return capital and shareholders, whether
it's through our dividend or through show repurchases as well.
Speaker 5 (19:26):
I think I'm right in saying this is your first
CES in about five years. That's right, It's packed. There
is an intense focus on the exhibitors AI. I would
also say there are lots of questions about what twenty
twenty five is going to be like, in particular because
we have a new administration that will come into office
this month. How a serious extent preparing for that? Do
(19:47):
you see if being a factor to.
Speaker 9 (19:50):
People that listen to audio in America this year?
Speaker 12 (19:54):
We have a really diverse set of content, and I
think one of the things we saw during the election
is an increase in news and politics content consumption, which
is probably not surprising, but it just speaks to the
overall bundle and that we have something for everyone at
any given time depending on what's going on, and also
the value of live linear when something important is going on.
(20:17):
So I think, you know that's going to continue to
be a focus for us. And then you know there
are things like you know, people are focused on tariffs
and taxes and what happens with the auto business.
Speaker 8 (20:25):
But you know, we feel really good.
Speaker 12 (20:26):
About our position in terms of our availability across the
spectrum of auto manufacturers, being a lot of meetings with
the OEMs while we're here, in addition to advertisers, and
I think we feel good. December was a great month
for auto sales, so hopefully that's an indication of what's
going to come in twenty twenty five. Strong auto market
is great for our business.
Speaker 2 (20:47):
Serious XM CEO Jennifer Witz There, welcome back to New
Meg Technology. I'm Caroline heid and new I'm looking at
d Wave Quantum as one of the key quantum stocks
we are keeping an eye on. Jensen Wang takes a
sledgehammer to some of these market capitalizations by saying, look,
(21:08):
quantum from a really useful perspective, I'll gonna be there
for about fifteen years. Many got very excited post the
Google Willow AI chip and Quantum chip at that. But
let's just talk a little bit more about what Video
CEO Jensen Woe has been saying. He actually joined us
yesterday at CES and had this to say about the
outlook for autonomous driving.
Speaker 3 (21:26):
Just take a listen.
Speaker 13 (21:27):
The automics vehicle industry and the robotics industry is reillly
im point to us, and we offer three.
Speaker 10 (21:32):
Computers for them.
Speaker 14 (21:33):
We offered, of course the training computer three DGX through DGX,
the robotics computer that's inside the car or inside of
robot and now we have this new computer called Omniverse
with Cosmos that is the digital twin or the playground
where these robots.
Speaker 6 (21:49):
Can learn how to be robots.
Speaker 13 (21:51):
And so if we could accelerate the development of an
artificial intelligence for avs and for robotics, it brings.
Speaker 10 (21:58):
In a lot of business for us.
Speaker 5 (22:01):
So interesting to see in video move in more aggressively
to autonomous driving. Part of that Cosmos Foundation model play
is the generation of synthetic data text input generate images
of video train models on that video rather than real
world data. A lot happening in this space. One of
the key players mobilize and the CEO I'm not Sashu
(22:22):
joins us once again in Las Vegas.
Speaker 6 (22:24):
That is an academic debate.
Speaker 5 (22:26):
I've always understood mobilized advantage to be that you have
scs or chips in vehicles already on real roads around
the world. Real world data, Jensen says, synthetic data.
Speaker 15 (22:38):
What do you say, Well, synthetic data is a big
thing in humanoid robotics. Why for humanoid robotics because each
robot has different actuator types, different placement of actuators. So
if you build a foundation model using some architecture of
your robot, it will not generalize to other architectures. If
(22:59):
you build a foundation model from synthetic data, you can
have something that generalizes to all robots. For example, you know,
I co founded a company in humanoid robotics, manter Robotics,
three years ago. So they rely heavily on Nvidia's physics
simulators and build foundational robots from synthetic data, and you
(23:19):
can then train dexterity. You can pick in place of
objects grasping and so forth, just from synthetic data. With cars,
it's different with cars. All cars look alike in terms
of factuations.
Speaker 11 (23:33):
Right.
Speaker 15 (23:34):
What you want to minimize is distribution drift. You don't
want to train a model on some artifact that could
come from from synthetic data. Well, if you don't have
real data, that's all what you can do. But if
you have real data, then you can be more precise.
Speaker 5 (23:51):
Well, I think the Jensen's argument was that these syndetic
data augments the real world data.
Speaker 15 (23:57):
No, but what we do at Mobilize, say, for example,
we find an edge case, Okay, then we go to
a simulator. We have simulators, We go to a simulator
and we generate many, many examples.
Speaker 6 (24:08):
Of that edge case.
Speaker 15 (24:09):
Right, But it's this is a multiverse, multiverse, So this
is really really for edge cases, but not for the
kind of you know, main.
Speaker 5 (24:19):
Saying multiverse like, this isn't spider Man, this is autonomous driving.
Let me just make an observation and at the team
in New York, let's bring up Mobilized shares.
Speaker 6 (24:27):
The stocks down significantly.
Speaker 5 (24:30):
Is that because video is coming out strong and saying
we want some of this autonomous driving market as well.
Speaker 6 (24:37):
I don't think so.
Speaker 15 (24:38):
I think investors were expecting announcements and we're not ready
yet with announcements. I think we'll have major announcements throughout
the year, but we're not ready yet.
Speaker 6 (24:48):
And this is a natural response for that.
Speaker 5 (24:51):
You have something to show, and that is the Volkswagen
ID Buzz, the Caampa van battery electric. You are working
with them on a higher level of autonomy for that product.
My understanding is like it's in the prototype phase. However,
a lot of the pieces are there to go to production,
but there is no plan as it stands to firm
(25:14):
drying go to production update US.
Speaker 15 (25:17):
Well, no, there's a firm plan to go to production.
It's end of twenty twenty six.
Speaker 10 (25:22):
Right now.
Speaker 15 (25:22):
There are about one hundred and fifty vehicles not driving
in Hamburg and Munich in Austin, Texas.
Speaker 5 (25:29):
Testing.
Speaker 15 (25:30):
Yeah, testing, but there's a firm plan to go to
start off production.
Speaker 6 (25:34):
That must be a really big deal for you guys.
Speaker 15 (25:36):
Yes, but you know, robotaxis is a spectrum. We build
robotaxes with id bus and we'll also with the Scheffler
and the Vernia. We build with aud a consumer level
autonomous car, a level three level four on highways, which
will come out in twenty twenty seven. And by the way,
there's lots of commonality in hardware between those two. It
(25:59):
is the same q, the same boards. We are developing
imaging radars both for the consumer car and for the
and for the robotaxi, so that commonality would reduce costs considerably.
And we have also FSD like systems which we call
Supervision three hundred.
Speaker 5 (26:18):
Thousand like in the sense they are camera vision based
system so purely camera based.
Speaker 15 (26:23):
There is an optional front facing radar, but it's purely
camera based and it's it's eyes on. It means the
driver is still responsible. You cannot you cannot let go
of driving.
Speaker 6 (26:35):
Very quick on this one.
Speaker 5 (26:37):
Mobili has a broad offering in the theater of autonomous
driving robotaxi.
Speaker 6 (26:42):
Which specific deployment do we see first.
Speaker 15 (26:47):
Well, we see the Supervision we're already deployed in China.
But our next generation, which it's ninety five percent of
the focus of the company, is this next generation on
the I six coming out next year. It will be
on all Volkswagen Group eighteen models of the folks I
can go up, including Portion and Audi that's coming out
next year at twenty twenty six, and then Chauffeur, which
(27:09):
is the level three autonomous driving on highways, will come
twenty twenty seven, early twenty twenty seven.
Speaker 10 (27:14):
I have to ask you this.
Speaker 6 (27:15):
You are a key automotive supplier.
Speaker 5 (27:18):
You must be speaking with your customers and partners this
week about the coming Trump administration. How do you think
that's going to impact twenty twenty five in the auto market,
particularly here in North America?
Speaker 15 (27:30):
Now, putting politics aside, I think it's.
Speaker 6 (27:32):
Going to take society but not policy.
Speaker 15 (27:34):
Yeah, but I think from a policy point of view,
it's going to be very positive. The problem with the
US is that there's a patchwork of regulations state wise
and federal wise. If the President comes in and puts
and you know, puts things in order at the federal level,
it could promote autonomous driving, consider.
Speaker 5 (27:55):
Which Elon must mentioned exactly. So I see that very positive.
I'm not just sure. Great catch up, Thank you for
your time. I will go and check out id Buzz Caroline.
We keep guying CSS Vegas.
Speaker 10 (28:07):
Back to you.
Speaker 2 (28:08):
Certainly do let's stick with autos because Scout Motors in
the US, its revival, is betting big on range.
Speaker 3 (28:13):
Extenders on evs today.
Speaker 2 (28:15):
It's come back by twenty twenty seven, that's as Volkswagen
relaunches the legendary name pipe. Ed sat down with the CEO,
Scott Keo, and began by asking him about the demand
the company has seen since its announcement.
Speaker 10 (28:28):
Yeah, look, the reactions spend huge.
Speaker 16 (28:29):
We're not giving the mixes, but I would say, you
know direction it will probably over fifty percent would be
in the range extended version.
Speaker 6 (28:35):
Really, and I think in my why I think the motives,
I think there's two reasons.
Speaker 10 (28:40):
I think one a portion of the America.
Speaker 16 (28:43):
This gives us a fifty state vehicle, which I think
is exactly what Scout always wants it to be. I think, look,
what are the two challenges we see with electrication, charging infrastructure,
and of course this takes that all off the table,
and plus this convenience. So I think those two things
Ranger Center makes a lot of sense.
Speaker 5 (29:00):
Let's find some common ground and give some context of
the audience about Scout. You know, one might frame it
is Volkswagen's play to take a foothold long term in
the US market.
Speaker 10 (29:12):
Giving your CD.
Speaker 5 (29:13):
You understand that, but we're waiting until twenty twenty seven,
it's a long way.
Speaker 16 (29:19):
Look, I think what we're doing is we're storing an
American icon. I think Scout was an iconic American brand,
and now we're bringing it back to life. So if
you're waiting for just a product, well, yeah, twenty seven
might seem like a long time. But if we're stating
to restore an American igon, bring back four thousand jobs
into South Carolina, start an entirely new company.
Speaker 10 (29:41):
I think it's the perfect time. So what the reaction
to the customers.
Speaker 16 (29:44):
Has been, we want to go along for this journey,
and I think twenty seven is manageable.
Speaker 5 (29:48):
What's interesting in some sense is that Scout is kind
of leading the way in the concept of extended range.
So you look at some of the legacy OEMs they
have put on pause, pure battery electric offerings, variant pickup
or otherwise, and they may now look at the plug
in hybrid or the extended range.
Speaker 16 (30:06):
You see how this following See yeah, I do, and
I'll tell you why it's perfect technology. I think, first
and foremost, the two platforms are exactly the same.
Speaker 10 (30:15):
This is critical.
Speaker 16 (30:16):
So the platform for an EV and the platform an
extended range or exactly the same. The second thing, it
has zero impact on manufacturing and the plant, so you
don't need to retool the entire plant. It's two relatively
simple JIT operations, one for the tank and one for
the engine. So this gives you ultimate flexibility. You could
go from zero to one hundred percent, or fifty to
fifty whatever it is. So regardless of the way America goes,
(30:38):
we are put in a position for the next twenty
thirty years to have a tech platform right that can
navigate it.
Speaker 2 (30:43):
Scout Motors CEO Scot Kio there coming up when we
joined by the Zeeman's US president and CEO, Barbara Hunton.
Speaker 3 (30:50):
Again it's live from CES. This is bloting big technology Semens.
It's showcasing its vision for the future here and over
(31:13):
in Las Vegas as well.
Speaker 2 (31:14):
Let's see, yes, a future where data, AI and automation
can provide more flexibility and optimization across the world's industries
big and small. And pleased to say Ed Ludlow is
now sitting down the key executive.
Speaker 5 (31:26):
Yeah, what's so interesting about this is that we started
with video and in Vidia talked about in particular Omniverse.
It's simulation and three d graphics platform. Basically customers can
go in and work within it, but the customers are
also here, and that's what's so interesting about Zemons and
North America. Barbara Hunton, I find Omniverse hard to understand.
(31:46):
I would say it's at the center of what you've
been talking about as an Nvidia customer this week.
Speaker 8 (31:51):
Explain yeah, in video is a treasured a partner of ours.
You know, Siemens as the maker of industrial software.
Speaker 17 (31:58):
We've got the tools that help designers and engineers visualize
and actually work with the most comprehensive physics based digital twin.
But when you would look at the drawings that we'd produce,
they looked a lot like engineering drawings. Right now, layer
on the omniverse and bring that photorealistic rendering, and suddenly
engineers anywhere can connect look at this object that looks.
Speaker 8 (32:22):
Like it will look in the real world. That's the
power of Omniverse.
Speaker 5 (32:25):
I think something that will street. But generally people the
interest in technology are trying to understand. Is that all
sounds great. If you are a business, Does it help
you make more money? Does it make the running of
your facilities instantly better?
Speaker 7 (32:40):
Oh?
Speaker 8 (32:40):
My heavens yes, and let me tell you how.
Speaker 17 (32:43):
Right here in our booth, we're featuring customers of ours
who've chosen to use our Siemens Accelerator platform, and what
they're doing is using these tools to help them in
the design phase in the manufacturing phase. Why would you
want to go digital first so that you can try
all kinds of permutations in the virtual world before actually
vending metal and making things for real. Think about Jet zero,
(33:07):
This is a blended wing aircraft that'll be brought to market.
And there Tom Leary, their CEO, said the other night
to me.
Speaker 8 (33:14):
He said, we chose Semens because it's the best.
Speaker 17 (33:16):
We wanted to start in the early phases with the
virtual designs that would allow us to flow through into
the manufacturing phase.
Speaker 5 (33:24):
I guess, in really simple terms, if you build your
own product like that platform, do you then just basically
sell it as a high margin service?
Speaker 6 (33:33):
How does it translate to the business model for Semens.
Speaker 17 (33:35):
Yeah, we're engaging with customers in a lot of different ways.
In the olden days, we would have enterprise agreements. You know,
think about all the aerospace, automotive today, battery manufacturers. We
serve all of those markets, helping the designers, the manufacturers,
the operators, but we know that there's a need to
put all that in the cloud, make it accessible on
a per user basis.
Speaker 8 (33:56):
So that even startups can get going.
Speaker 17 (33:58):
And here with team centers offered up in our Semens
Accelerated Accelerated marketplace, if you went to Eureka Park, you'd
see a bunch of startups who are being onboarded, and
we're giving deep discounts for that license suite so that
people can get their entryway into this new economy that's
being built.
Speaker 6 (34:17):
You are an experienced CS GOA yes.
Speaker 5 (34:21):
This week in particular, how many conversations have you had
with customers partners about the upcoming administration tariffs and are
you ready for that?
Speaker 8 (34:30):
At Semens, we're absolutely ready.
Speaker 17 (34:32):
And here's what I keep telling our customers and certainly
our own organization.
Speaker 8 (34:37):
We've been in the United States for one hundred and
sixty years.
Speaker 17 (34:39):
We've worked with all of the administrations along the way,
and Siemens' capabilities are aligned with national priorities. So whether
we're talking about increasing the amount of electricity that's available
for data centers and using the switch gear that Semens make,
so whether we're talking about the resurgence of manufacturing and
these tools we're featuring. This is a moment when Semens
(34:59):
can have true impact.
Speaker 5 (35:00):
You might benefit from some policy that's coming. Have you
had to adjust supply chain make it more onshore, more
focused In America.
Speaker 8 (35:07):
This has been a trend for Semens.
Speaker 17 (35:09):
Actually, you'd see if you looked at our global mega
trends we follow, glocalization is one of them. We truly
believe that bringing a manufacturing supply chains closer to the
point of use is going to be a trend going forward.
So we've been making in America for decades now, and no,
I don't see tremendous change coming for us.
Speaker 8 (35:28):
But we truly want to be responsive.
Speaker 17 (35:31):
In particular, we think that the kind of technology we
bring can make even government customers more efficient and effective.
Speaker 5 (35:38):
So Elon Musk would like to hear that to talk
about it. You are someone that meets with so many
CEOs during the week. I always am grateful for your
time here at CES. Barbara Humpton, Siemens North America CEO, Caroline, that's.
Speaker 3 (35:50):
You in New York and it's time now for talking tech.
Speaker 2 (35:52):
First up, Tencent has announced its biggest buyback since two
thousand and six, we're purchasing three point.
Speaker 3 (35:58):
Nine three million Hong Kong listed chef. The move comes
amid a.
Speaker 2 (36:01):
Sell off in the stock after the tech film was
added to a US blacklist for alleged links to the
Chinese military. Plus, Indonesia keeps its Apple.
Speaker 3 (36:09):
iPhone sixteen ban.
Speaker 2 (36:11):
The country says the tech giants one billion dollar investment plan,
which includes building an air tag factory, is insufficient to
meet local investment requirements. Indonesia says it's willing to negotiate
with Apple, but may impose sanctions if the company continues
to not comply with the investment rules. And TikTok shop
rival whatnot has raised two hundred and sixty five million
(36:31):
dollars worth evaluation of four point ninety seven billion. The
LA based livestream shopping platform says it plans to use
those funds to hire engineers, improve customer service, and expand
into new countries. Whatnot's funding around coincides with a looming
US ban, potentially on TikTok.
Speaker 3 (36:46):
Sending some of its live sellers maybe to competitors.
Speaker 5 (37:00):
This ces in Las Vegas feels a little bit different.
Twenty twenty five. Yes, the inauguration of a new administration
is around the corner, but there's just been more news.
Speaker 6 (37:08):
Nvidia kind of.
Speaker 5 (37:09):
Kicked it all off in the week and here a
Bloomberg Technology. We're ramping up as well our coverage of
consumer technology. There's more to cover. AI is playing a
big part. I'm on my best behavior because the big
boss is in town, Senior Executive editor Tom Giles, and
we have a big team here and we are going
to go deeper and broader on consumer technology, how and why.
Speaker 18 (37:29):
Right now is an incredibly exciting time in consumer electronics.
As you mentioned, AI is changing everything. It's getting woven
into every gadget we use, every robot that's infiltrating our
homes and our warehouses, our cars, the list goes on
and on, and it's changing things in a very dramatic way.
(37:50):
Right now is I think the time is right to
double down on our consumer electronics coverage.
Speaker 10 (37:56):
We've always cared about the.
Speaker 18 (37:57):
Business of CE. Right now it's time to do a
better job of telling the world where they can find
all this information.
Speaker 10 (38:05):
There's a section on Bloomberg Doctor.
Speaker 6 (38:06):
Right now, a place that we're going to show our
best work.
Speaker 18 (38:09):
We're going to start we're going to We've been doing
product reviews, but we're going to be much more systematic
about it, much more consistent, much more comprehensive about it,
and we're going to talk about products in the context
of the business and the strategy of these corporations that
are trying to make money from these gadgets that are
changing the way we live and work and do our
(38:29):
everyday lives. We're going to talk about it in an
unbiased way, and we're also going to draw on this
group of journalists who have so much experience in writing
and thinking about consumer electronics. Everybody like vlad Savov, Mark German,
Dana Wolman, who we just hired from n Gadget in
the last year. Long list, Sharen Gafari, who writes about
(38:52):
artificial intelligence. The list goes on and on, and we've
got dozens of reporters around the world and they're going
to be bringing you the latest consumer electron so real quick.
Speaker 5 (39:01):
CS is the first week of the year. It puts
everyone in one place, be dating with very important people.
What's it been like for you, Oh my.
Speaker 18 (39:08):
Gosh, yesterday a lot of conversations with Nvidia, really interesting.
You talk to Jensen one on yourself. He wants to
map the physical world. He's creating this new world foundational
model that is going to help us understand how robots interact,
how cars interact. If you want to weave AI into
these physical devices, you need to understand how these objects
(39:30):
interact in the real world. That's just the beginning of
the really interesting, exciting things that we're seeing here.
Speaker 5 (39:36):
It's hard to find somebody more excitable than me, carrab,
but I think we've done it with Bloomberg Senior Executive
edits Tom Giles.
Speaker 6 (39:42):
Back to you.
Speaker 2 (39:42):
He's giving a run for your money, almost on par
with the energy levels and what a joy all things CS.
Thank you for today's reporting. Meanwhile, that does it for
this edition of bloom Big Technology. And don't forget to
check out our podcast. Find it on the terminal as
well as online on Apple Spotify. And iHeart from New
York from a very busy Las Vegas. This is Lumbag Technology.
Bloomberg Audio Studios, podcasts, radio news 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.
Speaker 2 (00:34):
Live from New York and Las Vegas. This is Bloomberg
Technology coming up. In Vidia rise to Samsung's rescue after
disappointing quarterly results. Shares actually bounced back to Jensen Wang
expresses optimism for the memory maker. Plus, we sit down
with mobili at CS to discuss the future of autonomous
driving in the US and our conversation with the CEO
of Sirius XM on the company's focus on growth and
(00:56):
leveraging AI. Meanwhile, Jenson Wang makes impact on all of
quantum names that have rallied so hard in twenty twenty four.
They're off to a bad start in twenty and twenty five,
off by thirty three percent.
Speaker 3 (01:05):
Of iron Q for all the others.
Speaker 2 (01:07):
On the downside, just one saying, look, it's going to
take fifteen to thirty years before we get some significantly
useful quantum computing outcomes.
Speaker 3 (01:15):
So pouring cold water and some of that optimism.
Speaker 2 (01:17):
But on the upside, Jensen rides to the rescue of
Samsung were currently up three point four percent, even though
the numbers of their last quarter were dismal. But it
looks as though the high bandwidth memory chips are so
important to integrate into AI accelerators of in video while
they're coming at a pace.
Speaker 3 (01:34):
Peter Elstrom has more on all of this.
Speaker 2 (01:35):
Peter, just give us the nuance because Samsung has lagged
behind s K, Heihinis and smaller competitors when it comes
to high bandwidth memory. But some optimism from Jensen Wang here.
Speaker 4 (01:46):
Yeah, that's exactly right. So Samsung reported preliminary earning, so
we're going to get the final earnings later. But as
you said, they were pretty terrible. They reported operating profit
of six point five trillion Walt's about four point five
billion dollars and so third less than everybody had been expecting.
Revenue was also a bit late. But just a few
words from Jensen Wong and the stock went up. And
(02:07):
really the reason for this is what he said was
not even that positive. But he said that Samsung has
to make this leap to AI chips. They have to
make these breakthroughs, and he said that they're working, they
can do it, and they're doing and they're working very
fast to do it. They're trying to come out with
the next generation of high bandwidth memory chips that will
be paired with the Nvidia AI accelerators to be able
(02:27):
to train these AI models. So just a few words
from Jensen Wong were really enough to turn around Samsung's fate.
He expressed some optimism that they're making progress. They're coming
out with a new design for the HBM chips, and
Vidio is going to get to the point where at
some point they're going to give them approval for these
HBM chips, then they can start to buy from them.
In addition to ask k Heinix essentially as Kahnks has
(02:49):
had a monopoly on this market so far, so in
Vidio wants competition there. They want Samsung to get into the.
Speaker 2 (02:55):
Market, and boy hasn't been displayed in the share prices
right we saw sk heinicks up about twenty percent LAS,
whereas I think is about a third of the market
capitalization of Samsung was ripped away because of their seeming
delay on getting in on high bandwidth memory.
Speaker 3 (03:09):
Are they having though to spend a lot? Is that
why we saw the disappointment in the numbers.
Speaker 4 (03:14):
Yeah, certainly they're investing very heavily, and Samsung is not
used to being in this position. Samsung has long led
the memory market. They've been the biggest, they invest the
most amount of money, they get the best engineers, and
what they're seeing is that es khin has kind of
like the little brother in this market, has been able
to surpass them. And partly that's because Skhinnicks had a
breakthrough design and how they organized their HBM chips that
(03:35):
really help with some of the heat dissipation issues that
are necessary as we move into this higher powered computing
with AI in AI memory in particular. So eske Hynicks
has gotten ahead of them. They got invidious approval to
be able to ship these chips. That's been a huge
boom to esk Heynicks in their share price so far.
But they have Samsung right behind them, very determined to
(03:56):
catch up, and as we heard from Jensen Wong, they
are making progress.
Speaker 2 (03:59):
Alstro, we thank you so much. Now that's head out
to Las Vegas. We are our own ed Ludlow was
on the ground at CES with the laterst dead.
Speaker 5 (04:08):
Yeah, it's so interesting to hear Peter talk about the
semiconductor and AI demand at Samsung, because if you look
at the numbers, it was everything not AI that was
the pain point, and a lot of the street going
into that print.
Speaker 6 (04:21):
Were like, well, what does Samsung do?
Speaker 5 (04:23):
They sell smartphones and they smell, they sell high end
TVs and everything here at CES is all the rest, right.
They're always the biggest exhibitor here, high end appliances that
AI integrated. I don't know if you have an AI
integrated fridge or washing machine, Caroline, I don't know if
I need one. But that's what Samsung was hoping would
be a boost to profit in particular, and it didn't materialize.
Speaker 2 (04:45):
It certainly didn't. But actually Jenson Wang right to the rescue,
and is Jensen's making moves whether it's on quantum stocks
as well. But just talk us through a little bit
more of what we're seeing unfolded when it comes to
actual consumer technology here.
Speaker 5 (04:58):
Yeah, so if you and my in the ginormous hall
behind me, right at the center of it, out of shot,
is this like mini stadium, and that is Samsung's display.
It's always the biggest, and they are betting that the
consumer now is going to part with their cash to
build out their home in competition with Apple, in competition
with Amazon. I spoke to Jianjung, executive vice president, Samsung,
head of smart Things. It's all about efficiency, cost and energy.
Speaker 6 (05:22):
Listen to this.
Speaker 7 (05:23):
Twenty twenty four was the ten year anniversary since Samsung
acquired smart Things and started building this smart home experience
to our consumers. And with this smart Things platform, you know,
we are just so thrilled that each year we can
really deliver new, like innovative features to our customers and
(05:45):
like from like the kitchen to living room, bedroom and
all the appliances and TVs and you know watches and
rings and Galaxy devices that you know, with the smart
Things platform, we can really help you live in the
best way, like optimize, we can we can set the
optimized settings for you for your bedroom and kitchen and
(06:09):
living room. So so with the smart Things, you know,
the connectivity and then AI that we add to make
this appliances and device a small adaptable to your lifestyle.
I think that's the really great benefit of smart Things platform.
Speaker 8 (06:25):
What can provide ideas?
Speaker 5 (06:27):
Are you recognizing in the consumers, So for example, say
somebody watching this has never had a connected appliance to
device let alone and an.
Speaker 9 (06:38):
AI capable washing machine or refrigerator.
Speaker 7 (06:41):
Well, we think that you know, so you may want
to start with one like appliance at a time, right,
but once you once you experience that benefit, then I
like you may want to then change replace all the
other appliances.
Speaker 3 (06:56):
I mean that's what I actually did.
Speaker 7 (06:58):
So I recently moved to a new apartment and then
you know, I was like, okay, so maybe I can
sort of have a one new washing washer. And then
it's just the benefit is so great, right, so you
can remotely control it, you can see the energy use.
Then then why not you know, replace the dryer so
that I can have added benefit. And then you know,
(07:20):
once I see the value of okay, then with the
washer and dryer and then then cooked up and the hoods,
you know they all together, then you can say more energy, uh,
and then you can sort of have also coordinated control
that we can provide so kind of slowly, one at
a time, you can sort of build a smart home
that way.
Speaker 5 (07:39):
This is the Consumer Electronics Show. But one of the
more interesting announcements I found was that you're taking small
things into a scenario that people might not expect with
some some heavy industries shipping.
Speaker 9 (07:53):
It's talking big commercials right boats?
Speaker 8 (07:56):
Right?
Speaker 10 (07:56):
Why why?
Speaker 9 (07:57):
Why? Why would a ship and a shipped crew need
small things?
Speaker 8 (08:01):
Why not? Right?
Speaker 7 (08:02):
So? Right, So we are So this year's CS you'll
see our offerings in the home and beyond the home.
So we have the smart Things pro solution that we
built on top of smart Things platform. So this smart
Things pro solution is for business and we are expanding
(08:25):
that functionality to car fleet of cars and ships. So
you know, you'll see our exhibition of our collaboration with
Samsung Heavy industry this year.
Speaker 2 (08:41):
The executive EP and head of smart Things at Samsung
there with Ed coming up. We'll be joined by the
Panasonic North American chairwoman and CEO, Megan may One Lee
live from CS.
Speaker 3 (08:52):
This a bring bad technology.
Speaker 5 (09:07):
Okay, welcome back to Las Vegas and some special coverage
of CS twenty twenty five. One of the big focuses
in this place is always about the technology behind energy,
the supply chain for energy. One of the companies that
talk about that most is Panasonic, from energy supply chain
right through to consumer products as well. And I'm delighted
to say that Megham Young Wong Lee, Panasonic's North America
(09:30):
CEO is here. As every year we talk and every
year there's an update. So let's start with what I
think your focus was, which was energy supply chain. Yes, Why,
what's new and in particular, how are you using artificial
intelligence to get better?
Speaker 10 (09:46):
Yes.
Speaker 11 (09:48):
So we did the Kenot speech yesterday and our message
was all about well into the future as one hundred
and six years old old company, and we're making big
investment in North America in the area energy for evy batteries.
A supply chain is also a critical part of our
business and the area that we're trying to make a
contribution for a more efficient smart supply chain solutions. So
(10:14):
we about blu Yonder and blue Yonder is coming out
with an end to end visibility capability with AI agent.
They can customize for your problems and solutions and can
work with you. So we're really excited about that announcement.
Speaker 6 (10:31):
What kind of a deal was that? How difficult was
it gets to be done?
Speaker 5 (10:34):
You know, like the story of twenty twenty four was companies,
industrial companies particularly going out and saying we're either going
to have to acquire capabilities, we're going to have to
grow them internally.
Speaker 11 (10:45):
You went one way, yes, yes, So we started working
with them a couple of years ago, and we're really
excited about their our ability and investment that we made
with blue Yonder and their capability to really the problem
of the supply chain resilience and safety and will be
the forthcoming with the newer technology, and we're really excited
(11:07):
about that. So it's a bully under subsidiary subsidiary of Panasonic,
and they're in North America based and it's a great
announcement for US and newer capability for us.
Speaker 5 (11:19):
You said two things, supply chain resilience and investing in America.
And I post on social media every year that I'm
going to be speaking to you, and every year I
get dozens of questions.
Speaker 6 (11:29):
Hundreds actually in this case, I would say.
Speaker 5 (11:32):
The vast majority are about the upcoming Trump administration and
potential tariffs and policy around China. And that's so interesting
to you because of the Evy battery supply chain in
particular in this country.
Speaker 6 (11:46):
What's your message around that?
Speaker 11 (11:49):
So even before the Trump administration, the supply chain, I mean,
we all know that China controls a lot of row material.
Speaker 6 (11:56):
We head out material being.
Speaker 11 (11:59):
Yes, yes, the Eavy batteries yes, yes, So we've been
working hard even before I mean during COVID, everyone had
the challenge of managing supply chain. So we had that
issue of trying to make sure that the supply chain
is smooth and predictable and under control. So we have
vested interest to make sure that it's closer to the production.
(12:21):
The production being Reno and a newer factory in Kansas
which is opening up this spring.
Speaker 8 (12:26):
We're really excited about.
Speaker 6 (12:27):
Okay, give me more updates.
Speaker 5 (12:28):
I have the next question from the audience, partip those
that follow names like Tesla right, ask give me a
factory update please.
Speaker 6 (12:36):
Yes.
Speaker 11 (12:36):
So our Reno operation has been really successful and it's
up and running for now ten years, and we're opening
up new operation in Kansas, and we've been building the
factory for now two years. It's going to open up
in April and well we'll be in full operation from
spring and summer this year. And we're working with partners
(12:58):
like Mazda Subaru which is a very announced and Lucid
as well.
Speaker 6 (13:02):
That's right with the gravity projects exactly. Okay, that's interesting.
Speaker 5 (13:05):
So I got a question for you about Lucid, and
when I read it from me, it was from an
audience member.
Speaker 6 (13:10):
I was trying to think, like, what's what's the core
of this question?
Speaker 5 (13:13):
But I think people were surprised that you partnered with
Lucid on the gravity it might not necessarily be a
high volume ev initially, what was your thinking there?
Speaker 11 (13:23):
So Panasonic being a one hundred and six years old company,
and it's great to work with the partners.
Speaker 3 (13:28):
Like Sabaru and Mazda, but we're very also.
Speaker 11 (13:30):
Keen on working with up and coming, newer companies so
that they challenge us and we learn from them and
make sure that we're partnering and capable of partnering with
the companies like Lucid.
Speaker 8 (13:40):
And we're really excited about that.
Speaker 3 (13:42):
It's going really well.
Speaker 5 (13:43):
I've covered that company a few years and interesting vehicles.
They're not very good at building them, you know, from
a volume perspective. When you make a decision like that,
how do you weigh that up in your head? You know,
because you want to be able to provide supply. It
helps you in supply chain planning.
Speaker 11 (14:00):
I do think we as a company want to take
a chance and partner with the companies that operate different
ways than US. Bluyander is an example why it's a
software company US based, and Lucid is also a newer
partner too. But we have a success cases with Tesla
ten years ago and we're doing it again with Lucid,
(14:22):
and we're very bullish about that.
Speaker 6 (14:24):
What is the latest on the Tesla relationship? Where are
you innovating and where do you see it progressing?
Speaker 11 (14:30):
We are Panasonic as a Panasonic and really excited about
the forty six eighty capability.
Speaker 6 (14:36):
Which where are we at with forty six eighty?
Speaker 11 (14:38):
So that product is.
Speaker 8 (14:42):
The capability and quality is great.
Speaker 11 (14:44):
It's been tested and production in our mother company factory
in Japan, and we're planning on bringing it to our
cancas in the future.
Speaker 5 (14:53):
You with respect, R a CS veteran. You've been to
many what's it been like this year? Many of the
and automakers are here just walking around. I feel like
even on the consumer electronics side, genuine consumer electronics, things
are positive. Yes, what have you been talking with your
customers your suppliers with what are they thinking about?
Speaker 11 (15:15):
So we started working with CTA and CS since nineteen
sixty seven.
Speaker 8 (15:20):
Okay, so we're one of the longer, so we feel.
Speaker 3 (15:23):
Like we've grown up with the CTA.
Speaker 11 (15:26):
CES is not necessarily so much about newer gadgets and products.
Speaker 3 (15:30):
It's about our message.
Speaker 11 (15:32):
Our keynote speech was about storytelling how we grew up
with the CTA for past sixty years, so we feel
really good.
Speaker 8 (15:41):
AI was big last year.
Speaker 3 (15:43):
This year it's all about application.
Speaker 11 (15:45):
Even including us. We made an announcement about a product
called Umi. It's an AI wellness coach that's on the floor,
and you know, it's a newer capability that we're demonstrating
on this platform, which is a little different from our
past capability, but we are coming up with a newer
solution and AI product.
Speaker 6 (16:06):
We just had fifteen seconds. Are you ready for the
Trump administration? Yes, we are, and.
Speaker 11 (16:12):
We've been prepared for this and we will work with
the government to make sure that our investment in this
market is meaningful for our company as well as as
well as for the market.
Speaker 5 (16:22):
Megan Young onely, I always appreciate catching up here in
Las Vegas, Panasonic North America CEO Caroline back to.
Speaker 6 (16:29):
You in New York.
Speaker 2 (16:30):
Great conversation and another story ed that we're watching and
it's going back to Anthropic, the open AI rival, is
in advanced talks to raise two billion dollars and a
funning round that would value the startup at sixty billion,
sources saying this Lightspeed Venture Partners is leading around. Anthropic
was recently on pace to generate around eight hundred and
seventy five million.
Speaker 3 (16:48):
Dollars in annual revenue.
Speaker 2 (16:57):
Serious XM, the online radio service, so is it's focused
on growth after it's twenty twenty five full costs missed expectations.
Speaker 3 (17:04):
That was back in December.
Speaker 2 (17:05):
Now, Belie Meg's Ed Ludlow just caught up with the
CEO Jennifer Witz at CES and began with a discussion
on AI implementation.
Speaker 8 (17:13):
In some ways, I think.
Speaker 12 (17:14):
We're the ANTIAI in terms of in terms of content
creation and curation, right, So, you know, we pride ourselves
on the hosts and the programmers that we have, the
people that actually put together the channels and the shows.
It's the voices you hear every day on your commute,
but really drive that intimacy that audio offers in the connection.
(17:37):
Where we will leverage AI is in some respects where
others have used it as well to provide better discovery
and personalization, right, So we hope that our programmers can
really curate an experience to help you find what you love.
But also the technology of AI could create more personalization
in our marketing, in the product itself in terms of
recommendations to enhance that and more. And of course there's
(18:01):
lots of other benefits for AI in terms of cost
reduction and more efficiencies in the business.
Speaker 8 (18:06):
Overall, this is Bloomberg.
Speaker 6 (18:08):
So let's talk some business.
Speaker 5 (18:10):
Last month, you basically said this is our revenue outlook
for twenty twenty five, and investors, for whatever reason, we're disappointed.
You also said that you're going to cut costs run
your business. How is the cost costing going and what
were the factors that I guess if you accept that
the revenue outlut is not what your investors want to see,
(18:30):
what were the factors behind it being what it was.
Speaker 12 (18:33):
Yeah, So we're very focused on supporting the top line
and the two aspects of our business that we've talked about,
subscription and advertising, and we have opportunities to continue to
grow there and drive improvements to that part.
Speaker 8 (18:45):
Of our business. But we're really focused on the subscription
side on what we do best.
Speaker 12 (18:50):
Audio first, and in the car, because that's where we've
proven that we can really be successful, and that's where
radio is very successful in our ads business. We talked
about where we're at in terms of podcasts and other
content to build out that portfolio, and yes, cost reduction
will be increasingly.
Speaker 8 (19:06):
Important as we move forwards.
Speaker 12 (19:08):
We want to sustain our industry leading margins, and on
top of that, we also have significant free cash flow
generation right and as we get to our target leverage ratio,
we'll be able to increasingly return capital and shareholders, whether
it's through our dividend or through show repurchases as well.
Speaker 5 (19:26):
I think I'm right in saying this is your first
CES in about five years. That's right, It's packed. There
is an intense focus on the exhibitors AI. I would
also say there are lots of questions about what twenty
twenty five is going to be like, in particular because
we have a new administration that will come into office
this month. How a serious extent preparing for that? Do
(19:47):
you see if being a factor to.
Speaker 9 (19:50):
People that listen to audio in America this year?
Speaker 12 (19:54):
We have a really diverse set of content, and I
think one of the things we saw during the election
is an increase in news and politics content consumption, which
is probably not surprising, but it just speaks to the
overall bundle and that we have something for everyone at
any given time depending on what's going on, and also
the value of live linear when something important is going on.
(20:17):
So I think, you know that's going to continue to
be a focus for us. And then you know there
are things like you know, people are focused on tariffs
and taxes and what happens with the auto business.
Speaker 8 (20:25):
But you know, we feel really good.
Speaker 12 (20:26):
About our position in terms of our availability across the
spectrum of auto manufacturers, being a lot of meetings with
the OEMs while we're here, in addition to advertisers, and
I think we feel good. December was a great month
for auto sales, so hopefully that's an indication of what's
going to come in twenty twenty five. Strong auto market
is great for our business.
Speaker 2 (20:47):
Serious XM CEO Jennifer Witz There, welcome back to New
Meg Technology. I'm Caroline heid and new I'm looking at
d Wave Quantum as one of the key quantum stocks
we are keeping an eye on. Jensen Wang takes a
sledgehammer to some of these market capitalizations by saying, look,
(21:08):
quantum from a really useful perspective, I'll gonna be there
for about fifteen years. Many got very excited post the
Google Willow AI chip and Quantum chip at that. But
let's just talk a little bit more about what Video
CEO Jensen Woe has been saying. He actually joined us
yesterday at CES and had this to say about the
outlook for autonomous driving.
Speaker 3 (21:26):
Just take a listen.
Speaker 13 (21:27):
The automics vehicle industry and the robotics industry is reillly
im point to us, and we offer three.
Speaker 10 (21:32):
Computers for them.
Speaker 14 (21:33):
We offered, of course the training computer three DGX through DGX,
the robotics computer that's inside the car or inside of
robot and now we have this new computer called Omniverse
with Cosmos that is the digital twin or the playground
where these robots.
Speaker 6 (21:49):
Can learn how to be robots.
Speaker 13 (21:51):
And so if we could accelerate the development of an
artificial intelligence for avs and for robotics, it brings.
Speaker 10 (21:58):
In a lot of business for us.
Speaker 5 (22:01):
So interesting to see in video move in more aggressively
to autonomous driving. Part of that Cosmos Foundation model play
is the generation of synthetic data text input generate images
of video train models on that video rather than real
world data. A lot happening in this space. One of
the key players mobilize and the CEO I'm not Sashu
(22:22):
joins us once again in Las Vegas.
Speaker 6 (22:24):
That is an academic debate.
Speaker 5 (22:26):
I've always understood mobilized advantage to be that you have
scs or chips in vehicles already on real roads around
the world. Real world data, Jensen says, synthetic data.
Speaker 15 (22:38):
What do you say, Well, synthetic data is a big
thing in humanoid robotics. Why for humanoid robotics because each
robot has different actuator types, different placement of actuators. So
if you build a foundation model using some architecture of
your robot, it will not generalize to other architectures. If
(22:59):
you build a foundation model from synthetic data, you can
have something that generalizes to all robots. For example, you know,
I co founded a company in humanoid robotics, manter Robotics,
three years ago. So they rely heavily on Nvidia's physics
simulators and build foundational robots from synthetic data, and you
(23:19):
can then train dexterity. You can pick in place of
objects grasping and so forth, just from synthetic data. With cars,
it's different with cars. All cars look alike in terms
of factuations.
Speaker 11 (23:33):
Right.
Speaker 15 (23:34):
What you want to minimize is distribution drift. You don't
want to train a model on some artifact that could
come from from synthetic data. Well, if you don't have
real data, that's all what you can do. But if
you have real data, then you can be more precise.
Speaker 5 (23:51):
Well, I think the Jensen's argument was that these syndetic
data augments the real world data.
Speaker 15 (23:57):
No, but what we do at Mobilize, say, for example,
we find an edge case, Okay, then we go to
a simulator. We have simulators, We go to a simulator
and we generate many, many examples.
Speaker 6 (24:08):
Of that edge case.
Speaker 15 (24:09):
Right, But it's this is a multiverse, multiverse, So this
is really really for edge cases, but not for the
kind of you know, main.
Speaker 5 (24:19):
Saying multiverse like, this isn't spider Man, this is autonomous driving.
Let me just make an observation and at the team
in New York, let's bring up Mobilized shares.
Speaker 6 (24:27):
The stocks down significantly.
Speaker 5 (24:30):
Is that because video is coming out strong and saying
we want some of this autonomous driving market as well.
Speaker 6 (24:37):
I don't think so.
Speaker 15 (24:38):
I think investors were expecting announcements and we're not ready
yet with announcements. I think we'll have major announcements throughout
the year, but we're not ready yet.
Speaker 6 (24:48):
And this is a natural response for that.
Speaker 5 (24:51):
You have something to show, and that is the Volkswagen
ID Buzz, the Caampa van battery electric. You are working
with them on a higher level of autonomy for that product.
My understanding is like it's in the prototype phase. However,
a lot of the pieces are there to go to production,
but there is no plan as it stands to firm
(25:14):
drying go to production update US.
Speaker 15 (25:17):
Well, no, there's a firm plan to go to production.
It's end of twenty twenty six.
Speaker 10 (25:22):
Right now.
Speaker 15 (25:22):
There are about one hundred and fifty vehicles not driving
in Hamburg and Munich in Austin, Texas.
Speaker 5 (25:29):
Testing.
Speaker 15 (25:30):
Yeah, testing, but there's a firm plan to go to
start off production.
Speaker 6 (25:34):
That must be a really big deal for you guys.
Speaker 15 (25:36):
Yes, but you know, robotaxis is a spectrum. We build
robotaxes with id bus and we'll also with the Scheffler
and the Vernia. We build with aud a consumer level
autonomous car, a level three level four on highways, which
will come out in twenty twenty seven. And by the way,
there's lots of commonality in hardware between those two. It
(25:59):
is the same q, the same boards. We are developing
imaging radars both for the consumer car and for the
and for the robotaxi, so that commonality would reduce costs considerably.
And we have also FSD like systems which we call
Supervision three hundred.
Speaker 5 (26:18):
Thousand like in the sense they are camera vision based
system so purely camera based.
Speaker 15 (26:23):
There is an optional front facing radar, but it's purely
camera based and it's it's eyes on. It means the
driver is still responsible. You cannot you cannot let go
of driving.
Speaker 6 (26:35):
Very quick on this one.
Speaker 5 (26:37):
Mobili has a broad offering in the theater of autonomous
driving robotaxi.
Speaker 6 (26:42):
Which specific deployment do we see first.
Speaker 15 (26:47):
Well, we see the Supervision we're already deployed in China.
But our next generation, which it's ninety five percent of
the focus of the company, is this next generation on
the I six coming out next year. It will be
on all Volkswagen Group eighteen models of the folks I
can go up, including Portion and Audi that's coming out
next year at twenty twenty six, and then Chauffeur, which
(27:09):
is the level three autonomous driving on highways, will come
twenty twenty seven, early twenty twenty seven.
Speaker 10 (27:14):
I have to ask you this.
Speaker 6 (27:15):
You are a key automotive supplier.
Speaker 5 (27:18):
You must be speaking with your customers and partners this
week about the coming Trump administration. How do you think
that's going to impact twenty twenty five in the auto market,
particularly here in North America?
Speaker 15 (27:30):
Now, putting politics aside, I think it's.
Speaker 6 (27:32):
Going to take society but not policy.
Speaker 15 (27:34):
Yeah, but I think from a policy point of view,
it's going to be very positive. The problem with the
US is that there's a patchwork of regulations state wise
and federal wise. If the President comes in and puts
and you know, puts things in order at the federal level,
it could promote autonomous driving, consider.
Speaker 5 (27:55):
Which Elon must mentioned exactly. So I see that very positive.
I'm not just sure. Great catch up, Thank you for
your time. I will go and check out id Buzz Caroline.
We keep guying CSS Vegas.
Speaker 10 (28:07):
Back to you.
Speaker 2 (28:08):
Certainly do let's stick with autos because Scout Motors in
the US, its revival, is betting big on range.
Speaker 3 (28:13):
Extenders on evs today.
Speaker 2 (28:15):
It's come back by twenty twenty seven, that's as Volkswagen
relaunches the legendary name pipe. Ed sat down with the CEO,
Scott Keo, and began by asking him about the demand
the company has seen since its announcement.
Speaker 10 (28:28):
Yeah, look, the reactions spend huge.
Speaker 16 (28:29):
We're not giving the mixes, but I would say, you
know direction it will probably over fifty percent would be
in the range extended version.
Speaker 6 (28:35):
Really, and I think in my why I think the motives,
I think there's two reasons.
Speaker 10 (28:40):
I think one a portion of the America.
Speaker 16 (28:43):
This gives us a fifty state vehicle, which I think
is exactly what Scout always wants it to be. I think, look,
what are the two challenges we see with electrication, charging infrastructure,
and of course this takes that all off the table,
and plus this convenience. So I think those two things
Ranger Center makes a lot of sense.
Speaker 5 (29:00):
Let's find some common ground and give some context of
the audience about Scout. You know, one might frame it
is Volkswagen's play to take a foothold long term in
the US market.
Speaker 10 (29:12):
Giving your CD.
Speaker 5 (29:13):
You understand that, but we're waiting until twenty twenty seven,
it's a long way.
Speaker 16 (29:19):
Look, I think what we're doing is we're storing an
American icon. I think Scout was an iconic American brand,
and now we're bringing it back to life. So if
you're waiting for just a product, well, yeah, twenty seven
might seem like a long time. But if we're stating
to restore an American igon, bring back four thousand jobs
into South Carolina, start an entirely new company.
Speaker 10 (29:41):
I think it's the perfect time. So what the reaction
to the customers.
Speaker 16 (29:44):
Has been, we want to go along for this journey,
and I think twenty seven is manageable.
Speaker 5 (29:48):
What's interesting in some sense is that Scout is kind
of leading the way in the concept of extended range.
So you look at some of the legacy OEMs they
have put on pause, pure battery electric offerings, variant pickup
or otherwise, and they may now look at the plug
in hybrid or the extended range.
Speaker 16 (30:06):
You see how this following See yeah, I do, and
I'll tell you why it's perfect technology. I think, first
and foremost, the two platforms are exactly the same.
Speaker 10 (30:15):
This is critical.
Speaker 16 (30:16):
So the platform for an EV and the platform an
extended range or exactly the same. The second thing, it
has zero impact on manufacturing and the plant, so you
don't need to retool the entire plant. It's two relatively
simple JIT operations, one for the tank and one for
the engine. So this gives you ultimate flexibility. You could
go from zero to one hundred percent, or fifty to
fifty whatever it is. So regardless of the way America goes,
(30:38):
we are put in a position for the next twenty
thirty years to have a tech platform right that can
navigate it.
Speaker 2 (30:43):
Scout Motors CEO Scot Kio there coming up when we
joined by the Zeeman's US president and CEO, Barbara Hunton.
Speaker 3 (30:50):
Again it's live from CES. This is bloting big technology Semens.
It's showcasing its vision for the future here and over
(31:13):
in Las Vegas as well.
Speaker 2 (31:14):
Let's see, yes, a future where data, AI and automation
can provide more flexibility and optimization across the world's industries
big and small. And pleased to say Ed Ludlow is
now sitting down the key executive.
Speaker 5 (31:26):
Yeah, what's so interesting about this is that we started
with video and in Vidia talked about in particular Omniverse.
It's simulation and three d graphics platform. Basically customers can
go in and work within it, but the customers are
also here, and that's what's so interesting about Zemons and
North America. Barbara Hunton, I find Omniverse hard to understand.
(31:46):
I would say it's at the center of what you've
been talking about as an Nvidia customer this week.
Speaker 8 (31:51):
Explain yeah, in video is a treasured a partner of ours.
You know, Siemens as the maker of industrial software.
Speaker 17 (31:58):
We've got the tools that help designers and engineers visualize
and actually work with the most comprehensive physics based digital twin.
But when you would look at the drawings that we'd produce,
they looked a lot like engineering drawings. Right now, layer
on the omniverse and bring that photorealistic rendering, and suddenly
engineers anywhere can connect look at this object that looks.
Speaker 8 (32:22):
Like it will look in the real world. That's the
power of Omniverse.
Speaker 5 (32:25):
I think something that will street. But generally people the
interest in technology are trying to understand. Is that all
sounds great. If you are a business, Does it help
you make more money? Does it make the running of
your facilities instantly better?
Speaker 7 (32:40):
Oh?
Speaker 8 (32:40):
My heavens yes, and let me tell you how.
Speaker 17 (32:43):
Right here in our booth, we're featuring customers of ours
who've chosen to use our Siemens Accelerator platform, and what
they're doing is using these tools to help them in
the design phase in the manufacturing phase. Why would you
want to go digital first so that you can try
all kinds of permutations in the virtual world before actually
vending metal and making things for real. Think about Jet zero,
(33:07):
This is a blended wing aircraft that'll be brought to market.
And there Tom Leary, their CEO, said the other night
to me.
Speaker 8 (33:14):
He said, we chose Semens because it's the best.
Speaker 17 (33:16):
We wanted to start in the early phases with the
virtual designs that would allow us to flow through into
the manufacturing phase.
Speaker 5 (33:24):
I guess, in really simple terms, if you build your
own product like that platform, do you then just basically
sell it as a high margin service?
Speaker 6 (33:33):
How does it translate to the business model for Semens.
Speaker 17 (33:35):
Yeah, we're engaging with customers in a lot of different ways.
In the olden days, we would have enterprise agreements. You know,
think about all the aerospace, automotive today, battery manufacturers. We
serve all of those markets, helping the designers, the manufacturers,
the operators, but we know that there's a need to
put all that in the cloud, make it accessible on
a per user basis.
Speaker 8 (33:56):
So that even startups can get going.
Speaker 17 (33:58):
And here with team centers offered up in our Semens
Accelerated Accelerated marketplace, if you went to Eureka Park, you'd
see a bunch of startups who are being onboarded, and
we're giving deep discounts for that license suite so that
people can get their entryway into this new economy that's
being built.
Speaker 6 (34:17):
You are an experienced CS GOA yes.
Speaker 5 (34:21):
This week in particular, how many conversations have you had
with customers partners about the upcoming administration tariffs and are
you ready for that?
Speaker 8 (34:30):
At Semens, we're absolutely ready.
Speaker 17 (34:32):
And here's what I keep telling our customers and certainly
our own organization.
Speaker 8 (34:37):
We've been in the United States for one hundred and
sixty years.
Speaker 17 (34:39):
We've worked with all of the administrations along the way,
and Siemens' capabilities are aligned with national priorities. So whether
we're talking about increasing the amount of electricity that's available
for data centers and using the switch gear that Semens make,
so whether we're talking about the resurgence of manufacturing and
these tools we're featuring. This is a moment when Semens
(34:59):
can have true impact.
Speaker 5 (35:00):
You might benefit from some policy that's coming. Have you
had to adjust supply chain make it more onshore, more
focused In America.
Speaker 8 (35:07):
This has been a trend for Semens.
Speaker 17 (35:09):
Actually, you'd see if you looked at our global mega
trends we follow, glocalization is one of them. We truly
believe that bringing a manufacturing supply chains closer to the
point of use is going to be a trend going forward.
So we've been making in America for decades now, and no,
I don't see tremendous change coming for us.
Speaker 8 (35:28):
But we truly want to be responsive.
Speaker 17 (35:31):
In particular, we think that the kind of technology we
bring can make even government customers more efficient and effective.
Speaker 5 (35:38):
So Elon Musk would like to hear that to talk
about it. You are someone that meets with so many
CEOs during the week. I always am grateful for your
time here at CES. Barbara Humpton, Siemens North America CEO, Caroline, that's.
Speaker 3 (35:50):
You in New York and it's time now for talking tech.
Speaker 2 (35:52):
First up, Tencent has announced its biggest buyback since two
thousand and six, we're purchasing three point.
Speaker 3 (35:58):
Nine three million Hong Kong listed chef. The move comes
amid a.
Speaker 2 (36:01):
Sell off in the stock after the tech film was
added to a US blacklist for alleged links to the
Chinese military. Plus, Indonesia keeps its Apple.
Speaker 3 (36:09):
iPhone sixteen ban.
Speaker 2 (36:11):
The country says the tech giants one billion dollar investment plan,
which includes building an air tag factory, is insufficient to
meet local investment requirements. Indonesia says it's willing to negotiate
with Apple, but may impose sanctions if the company continues
to not comply with the investment rules. And TikTok shop
rival whatnot has raised two hundred and sixty five million
(36:31):
dollars worth evaluation of four point ninety seven billion. The
LA based livestream shopping platform says it plans to use
those funds to hire engineers, improve customer service, and expand
into new countries. Whatnot's funding around coincides with a looming
US ban, potentially on TikTok.
Speaker 3 (36:46):
Sending some of its live sellers maybe to competitors.
Speaker 5 (37:00):
This ces in Las Vegas feels a little bit different.
Twenty twenty five. Yes, the inauguration of a new administration
is around the corner, but there's just been more news.
Speaker 6 (37:08):
Nvidia kind of.
Speaker 5 (37:09):
Kicked it all off in the week and here a
Bloomberg Technology. We're ramping up as well our coverage of
consumer technology. There's more to cover. AI is playing a
big part. I'm on my best behavior because the big
boss is in town, Senior Executive editor Tom Giles, and
we have a big team here and we are going
to go deeper and broader on consumer technology, how and why.
Speaker 18 (37:29):
Right now is an incredibly exciting time in consumer electronics.
As you mentioned, AI is changing everything. It's getting woven
into every gadget we use, every robot that's infiltrating our
homes and our warehouses, our cars, the list goes on
and on, and it's changing things in a very dramatic way.
(37:50):
Right now is I think the time is right to
double down on our consumer electronics coverage.
Speaker 10 (37:56):
We've always cared about the.
Speaker 18 (37:57):
Business of CE. Right now it's time to do a
better job of telling the world where they can find
all this information.
Speaker 10 (38:05):
There's a section on Bloomberg Doctor.
Speaker 6 (38:06):
Right now, a place that we're going to show our
best work.
Speaker 18 (38:09):
We're going to start we're going to We've been doing
product reviews, but we're going to be much more systematic
about it, much more consistent, much more comprehensive about it,
and we're going to talk about products in the context
of the business and the strategy of these corporations that
are trying to make money from these gadgets that are
changing the way we live and work and do our
(38:29):
everyday lives. We're going to talk about it in an
unbiased way, and we're also going to draw on this
group of journalists who have so much experience in writing
and thinking about consumer electronics. Everybody like vlad Savov, Mark German,
Dana Wolman, who we just hired from n Gadget in
the last year. Long list, Sharen Gafari, who writes about
(38:52):
artificial intelligence. The list goes on and on, and we've
got dozens of reporters around the world and they're going
to be bringing you the latest consumer electron so real quick.
Speaker 5 (39:01):
CS is the first week of the year. It puts
everyone in one place, be dating with very important people.
What's it been like for you, Oh my.
Speaker 18 (39:08):
Gosh, yesterday a lot of conversations with Nvidia, really interesting.
You talk to Jensen one on yourself. He wants to
map the physical world. He's creating this new world foundational
model that is going to help us understand how robots interact,
how cars interact. If you want to weave AI into
these physical devices, you need to understand how these objects
(39:30):
interact in the real world. That's just the beginning of
the really interesting, exciting things that we're seeing here.
Speaker 5 (39:36):
It's hard to find somebody more excitable than me, carrab,
but I think we've done it with Bloomberg Senior Executive
edits Tom Giles.
Speaker 6 (39:42):
Back to you.
Speaker 2 (39:42):
He's giving a run for your money, almost on par
with the energy levels and what a joy all things CS.
Thank you for today's reporting. Meanwhile, that does it for
this edition of bloom Big Technology. And don't forget to
check out our podcast. Find it on the terminal as
well as online on Apple Spotify. And iHeart from New
York from a very busy Las Vegas. This is Lumbag Technology.
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