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