WEBVTT - Trump To Launch Mobile Services, Robots Learn the Physical World 0:00:00.080 --> 0:00:13.560 Bloomberg Audio Studios, podcasts, radio news. Bloomberg Tech is alive 0:00:13.560 --> 0:00:17.400 from coast to coast with Caroline Hyde in New York 0:00:17.680 --> 0:00:19.680 and Vla Loow in San Francisco. 0:00:23.079 --> 0:00:26.239 This is Bloomberg Tech coming up. President Trump's families getting 0:00:26.280 --> 0:00:29.320 into the mobile phone business with the Trump branded service 0:00:29.520 --> 0:00:30.080 plus Meta. 0:00:30.200 --> 0:00:33.440 We'll start showing ads in WhatsApp and offer paid subscriptions 0:00:33.479 --> 0:00:34.280 for the first time. 0:00:35.040 --> 0:00:38.000 And robotics firm one Ex Technology says it can evaluate 0:00:38.040 --> 0:00:41.560 a robot's performance without deploying it into the real world. 0:00:41.800 --> 0:00:44.760 But first, President Trump is attending a Group of Seventh 0:00:44.760 --> 0:00:48.480 summit in Canada today. This amid tariff uncertainty, a Middle 0:00:48.520 --> 0:00:51.360 East crisis between Israel and Iran. Let's go over to 0:00:51.400 --> 0:00:54.120 the G seven summit where Bloomberg's and Marie Horden is 0:00:54.160 --> 0:00:56.000 standing by AMH. What do we need to know? 0:00:56.680 --> 0:00:58.560 Well, certainly this is going to be a packed summit 0:00:58.600 --> 0:01:00.560 and what's going on in the Middle East is certainly 0:01:00.600 --> 0:01:04.319 taking center stage now really topping the agenda. We are 0:01:04.400 --> 0:01:07.560 waiting for President Trump to have a first bilateral meeting 0:01:07.800 --> 0:01:10.600 before the summit really kicks off. In earnest with Mark Karney, 0:01:10.600 --> 0:01:13.880 the Prime Minister of Canada, and really the Canadians here 0:01:13.880 --> 0:01:16.640 are trying to avoid what happened in twenty eighteen. You 0:01:16.680 --> 0:01:19.479 may remember that viral photo and the President was sitting 0:01:19.480 --> 0:01:22.040 with his arms crossed looking up at Angela Merkel, the 0:01:22.040 --> 0:01:25.720 then German Chancellor. She was surrounded by a number of leaders, 0:01:25.720 --> 0:01:29.600 the only one that's lasted since a fence, and then, 0:01:29.640 --> 0:01:32.520 of course President Trump pulled the US out of that 0:01:32.600 --> 0:01:35.920 joint communicate. So Mark Kearney's taking a different approach this time, 0:01:36.160 --> 0:01:40.880 looking at different statements that they can have a common 0:01:41.080 --> 0:01:46.040 thread for specifics, not one communicate for wide range of topics, 0:01:46.080 --> 0:01:51.440 maybe something regarding artificial intelligence, critical minerals. Potentially there will 0:01:51.480 --> 0:01:54.040 not be an agreement from all of these countries when 0:01:54.080 --> 0:01:56.520 it comes to things like the war in Ukraine, things 0:01:56.600 --> 0:01:58.680 like climate change, or even when it comes to what 0:01:58.760 --> 0:02:01.480 is going on with Iran and Israel. That is certainly 0:02:01.480 --> 0:02:04.160 going to be top of the agenda today. The President 0:02:04.240 --> 0:02:06.520 was speaking about as he left the White House yesterday 0:02:06.560 --> 0:02:08.880 and his way to Canada, and he was saying that 0:02:08.960 --> 0:02:10.920 these two may have to fight it out, but in 0:02:10.960 --> 0:02:12.680 the end he wants a deal. 0:02:13.440 --> 0:02:15.920 Bloomberg's Amory Horden will stick with what's happening in the 0:02:15.919 --> 0:02:18.040 G seven throughout the day. Thank you. Let's go with 0:02:18.080 --> 0:02:20.760 Donald Trump and over to DC to talk about some 0:02:20.800 --> 0:02:24.800 news in technology. The President's family launching a Trump branded 0:02:24.880 --> 0:02:28.600 mobile phone service that will rely on wireless networks and 0:02:28.720 --> 0:02:32.720 hardware quotes made in America, Bloomberg, Kelsey Griffiths here with more. 0:02:33.360 --> 0:02:36.120 The idea is that they're not building the network from 0:02:36.160 --> 0:02:40.440 the ground upright, They basically licensed capacity from the three 0:02:40.480 --> 0:02:42.840 major US carriers. But what else do we know about 0:02:43.000 --> 0:02:46.440 Trump Mobile? That's right ed? 0:02:46.639 --> 0:02:50.440 So the Trump family's mobile service is they say they're 0:02:50.440 --> 0:02:54.640 going to rely on the three major US telecom networks that. 0:02:54.560 --> 0:02:55.440 Have already been built. 0:02:55.480 --> 0:02:58.400 And this is a pretty common strategy that we see. 0:02:58.880 --> 0:03:02.440 Meant Mobile is one of the pretty well known so 0:03:02.520 --> 0:03:05.920 called mv and os that was eventually acquired by T Mobile. 0:03:06.320 --> 0:03:09.720 We also saw some celebrities last week looking to get 0:03:09.720 --> 0:03:12.799 into the mobile game, launching their own mv and O. 0:03:13.080 --> 0:03:17.440 So the Trump family is following a pretty popular tradition 0:03:17.560 --> 0:03:18.919 here by getting into this. 0:03:18.960 --> 0:03:20.800 Business, Kelsey Popular. 0:03:20.880 --> 0:03:23.000 Last time I checked, there were one hundreds, more than 0:03:23.000 --> 0:03:25.600 one hundred here in the United States of mobile virtual 0:03:25.639 --> 0:03:26.639 network operators. 0:03:27.040 --> 0:03:28.400 But what they're trying to tap into. 0:03:28.480 --> 0:03:32.280 Here is the Trump narrative, the Trump brand. How will 0:03:32.280 --> 0:03:35.360 it be priced versus other competitors in the space. 0:03:36.560 --> 0:03:40.360 That's right, So the brand is it's going to cost 0:03:40.400 --> 0:03:43.040 about just under fifty dollars. I think it's a forty 0:03:43.040 --> 0:03:45.720 seven to forty five per month, and I would say 0:03:45.720 --> 0:03:49.400 that is pretty competitive with the space. These mv and 0:03:49.480 --> 0:03:54.320 os tend to target these niche markets that are looking 0:03:54.320 --> 0:03:57.840 at customers that maybe don't want to or can't pay 0:03:58.720 --> 0:04:03.400 one hundred dollars or or you know, somewhere in that range. 0:04:03.480 --> 0:04:05.640 So I do think that there is a chance they 0:04:05.680 --> 0:04:09.360 will be targeting this niche that you know, maybe other 0:04:09.520 --> 0:04:11.040 operators aren't necessary. 0:04:11.080 --> 0:04:14.880 Are you looking at Kelsey? It's a competitive field, right 0:04:14.880 --> 0:04:17.400 when you're looking at any carrier. When I was reading 0:04:17.440 --> 0:04:21.880 the news from Trump Mobile, they're including everything that you'd expect, 0:04:21.920 --> 0:04:26.200 unlimited text, data, voice protection, overseas call. Just give us 0:04:26.200 --> 0:04:27.560 the basics of the plan. 0:04:29.080 --> 0:04:30.800 Yeah, exactly. So there are going to be some of 0:04:30.800 --> 0:04:36.240 these value added services on top of your mobile services 0:04:36.279 --> 0:04:39.040 that you would expect. There is going to be some 0:04:39.080 --> 0:04:43.479 sort of roadside assistance, there will be international calling thrown in, 0:04:44.040 --> 0:04:46.880 and there's also going to be the opportunity to purchase 0:04:47.160 --> 0:04:52.240 a mobile device that will also be branded with the 0:04:52.440 --> 0:04:56.919 Trump family logo. It will come in a gold variety, 0:04:57.120 --> 0:04:59.599 which you know, I'm looking forward to seeing. 0:05:00.360 --> 0:05:04.080 Kelsey Griffiths puts us perfectly onto our next discussion because 0:05:04.120 --> 0:05:07.440 we want to talk about the hardware perspective. Bomberg's Dana 0:05:07.480 --> 0:05:10.080 woman is, hey, with US four hundred and ninety nine dollars, 0:05:10.279 --> 0:05:11.520 you're going to be able to get it as soon 0:05:11.520 --> 0:05:13.800 as September. You can put one hundred dollars down for 0:05:14.000 --> 0:05:15.880 initial well, name. 0:05:15.760 --> 0:05:19.040 On a list. But can they make that in America? 0:05:19.279 --> 0:05:21.800 Never say never, but certainly the smartphone industry is not 0:05:21.839 --> 0:05:24.880 really making phones here in the US right now, and 0:05:24.920 --> 0:05:27.240 it's unclear from the report so far and what we 0:05:27.360 --> 0:05:31.359 know so far who exactly are with what partners Trump 0:05:31.360 --> 0:05:34.120 and his family would be making these devices. All that 0:05:34.160 --> 0:05:35.920 we know, as Kelsey has said, is that the advice 0:05:35.920 --> 0:05:38.520 would be golden color, which is very on brand for Trump, 0:05:38.839 --> 0:05:40.599 and that it will be caught, that it will be 0:05:40.600 --> 0:05:42.680 priced at four hundred and ninety nine dollars, which even 0:05:42.680 --> 0:05:45.839 before recent inflation, was a pretty budget price for a 0:05:45.880 --> 0:05:48.800 phone and seems especially low these days. So not knowing 0:05:48.880 --> 0:05:50.920 anything about the hardware, we can at least say safely 0:05:51.240 --> 0:05:54.960 these are probably not phones offering the most advanced features. 0:05:54.960 --> 0:05:57.000 And maybe that's not the point, as Kelsey said, for 0:05:57.040 --> 0:06:00.000 this particular niche right. 0:06:00.480 --> 0:06:02.679 The point, Jiner is that this is built as being 0:06:02.720 --> 0:06:05.600 designed and built in America at a time where the 0:06:05.640 --> 0:06:09.040 President is putting pressure on Apple to build the iPhone 0:06:09.080 --> 0:06:11.920 in America or face tariffs of as much as twenty 0:06:11.920 --> 0:06:14.320 five percent. I think it's really notable that it's going 0:06:14.360 --> 0:06:15.920 to run Android OS as well. 0:06:17.080 --> 0:06:20.200 Yes, absolutely, as we said. 0:06:20.240 --> 0:06:25.920 As I said, it's unclear exactly how the Trump organization 0:06:26.360 --> 0:06:29.960 would make this phone come to pass so quickly in 0:06:30.000 --> 0:06:33.040 the US, just knowing from Apple and other manufacturers as 0:06:33.080 --> 0:06:37.080 well all of the human resources, the human labor and 0:06:37.440 --> 0:06:42.760 physical resources that just are lacking here in the US. 0:06:43.120 --> 0:06:45.800 And by human resources, I mean specialized talent that know 0:06:45.880 --> 0:06:48.800 how to use this particular manufacturing equipment. A lot of 0:06:48.800 --> 0:06:53.080 the equipment itself is abroad. So it's unclear exactly how 0:06:53.200 --> 0:06:57.240 the team plans to surmount those challenges that other smartphone 0:06:57.279 --> 0:07:00.839 makers either haven't tackled or just seem to be avoiding. 0:07:01.240 --> 0:07:05.840 It's interesting who ultimately it'll be competing against because we've heard. 0:07:05.680 --> 0:07:07.400 Him take aim President Trump. 0:07:07.440 --> 0:07:09.640 This is of course the phone being made by President 0:07:09.720 --> 0:07:12.640 by Trump organization in his family. But President Trump himself, 0:07:12.800 --> 0:07:15.360 the administration of taken aim at Apple front and center. 0:07:15.440 --> 0:07:18.120 Bring your manufacturing back to the United States, but at 0:07:18.120 --> 0:07:19.800 a four nine to nine price point. Yeah, I might 0:07:19.840 --> 0:07:23.360 compete against an iPhone se but really it's going against 0:07:23.360 --> 0:07:26.480 other Android phones. It's going against the pixel AA for example. 0:07:26.840 --> 0:07:30.600 Yes, maybe perhaps not even the pixel A line, perhaps 0:07:30.680 --> 0:07:34.520 even more budget, sort of bargain basement phones that I'm 0:07:34.560 --> 0:07:36.560 not able to recite offhand, and most of us can't 0:07:36.600 --> 0:07:37.520 recite offhand. 0:07:38.440 --> 0:07:39.360 And I think one. 0:07:39.240 --> 0:07:43.240 Key question is how many does the organization plan to produce. 0:07:43.440 --> 0:07:45.480 I think one of the key lines in our story 0:07:45.560 --> 0:07:48.000 is that smartphone makers aren't producing. 0:07:47.640 --> 0:07:49.040 At scale in the US. 0:07:49.520 --> 0:07:52.360 So it's that, to me, is a really key question. 0:07:52.760 --> 0:07:55.880 Could you produce a small, really sort of limited run 0:07:56.000 --> 0:07:58.840 number of phones here in the US, probably more easily 0:07:58.840 --> 0:08:01.360 than Apple could produce its whole iPhone line. So I 0:08:01.360 --> 0:08:04.920 think the volume that they're expecting is an unknown detail, 0:08:04.960 --> 0:08:06.560 but seems like an important one to me. 0:08:07.160 --> 0:08:10.720 Motorola tried to build the Moto X in Dallas Fort 0:08:10.720 --> 0:08:13.920 Worth in twenty thirteen, and they shut the plant a 0:08:14.000 --> 0:08:17.120 year later. It was an Android based phone because the 0:08:17.160 --> 0:08:20.080 costs were too high. I mean, that's what we're talking 0:08:20.080 --> 0:08:22.880 about here. Karen made a really interesting point in our 0:08:22.920 --> 0:08:25.760 group chat earlier about like what is four nine nine 0:08:25.840 --> 0:08:28.960 relative to the field. It's like iPhone se It's like 0:08:29.360 --> 0:08:32.960 that kind of mid tier of Android smartphone. But making 0:08:33.000 --> 0:08:35.160 it and the number of components go into it. That's 0:08:35.200 --> 0:08:36.760 like the key question here if they can have a 0:08:36.800 --> 0:08:37.439 business in it. 0:08:38.600 --> 0:08:42.719 Yes, absolutely, data on all right, Bluebergs, go for it. 0:08:42.800 --> 0:08:44.439 Cara, I'll wrap it up. 0:08:44.679 --> 0:08:47.840 We've talked so much all things about the future of 0:08:48.120 --> 0:08:50.360 actual hardware and software. But let's take a look at 0:08:50.360 --> 0:08:52.880 what's happening in the world of crypto now ed because 0:08:53.120 --> 0:08:54.439 there's some Trump action there too. 0:08:54.640 --> 0:08:56.319 Let's hina light what's happening with DJT. 0:08:56.559 --> 0:08:58.840 Now we know that we were reporting last week about 0:08:58.920 --> 0:09:00.760 how they're going to be starting to by bitcoin in 0:09:00.800 --> 0:09:03.560 the treasury. Well, now we understand that they're pivoting with 0:09:03.679 --> 0:09:07.080 true social filing to the SEC with an s one 0:09:07.520 --> 0:09:11.800 saying they want a bitcoin in ethereum etf Now they've already. 0:09:11.480 --> 0:09:12.720 Looked at a Bitcoin ETF. 0:09:12.760 --> 0:09:15.280 But this is scaling out to Ether as well. Bitcoin's 0:09:15.320 --> 0:09:17.280 up two point seventy five percent. Ether is up more 0:09:17.280 --> 0:09:20.040 than five percent. Remember perhaps bouncing back after last week's 0:09:20.040 --> 0:09:22.720 sell off amid some of that risk aversion. But check 0:09:22.720 --> 0:09:25.600 out what's happening with Circle, the latest crypto ipo is 0:09:25.640 --> 0:09:26.160 just going from. 0:09:26.040 --> 0:09:27.800 Strength to strength throughout more than twenty percent. 0:09:28.080 --> 0:09:32.480 As we all anticipate that the latest Genius Act that 0:09:32.520 --> 0:09:36.520 will put into legal clarity stable coins is likely to 0:09:36.520 --> 0:09:37.319 occur this week. 0:09:37.480 --> 0:09:38.160 I also want to. 0:09:38.160 --> 0:09:40.920 Say that Tron is being reported in the ft that 0:09:40.920 --> 0:09:43.439 Tron my ipo here in the United States via a 0:09:43.520 --> 0:09:47.359 reverse merger, and that's sending other companies, particularly higher. 0:09:47.200 --> 0:09:50.760 Ed coming up. Robots. 0:09:51.320 --> 0:09:54.880 They're just like us now, possibly more so, as robotics 0:09:54.920 --> 0:09:58.480 firm one X Technologies launches a world model that will 0:09:58.480 --> 0:10:01.960 teach robots to anticipate and understand the physics that's all 0:10:01.960 --> 0:10:09.040 around them. That's coming up next. This is Bloomberg technology 0:10:15.080 --> 0:10:18.600 companies like Tesla betting their future on humanoid robots that 0:10:18.640 --> 0:10:22.920 fill labor shortages, particularly in manufacturing. Today, robotics firm one 0:10:23.040 --> 0:10:26.000 X Technologies is out with a new world model it 0:10:26.040 --> 0:10:29.920 says can evaluate a robot's performance without deploying it into 0:10:29.920 --> 0:10:32.160 the real world. The models are data driven simulator of 0:10:32.360 --> 0:10:36.600 humanoids with the grounded understanding of physics of their surrounding world. 0:10:36.920 --> 0:10:39.520 The CEO and CTO of one X Burn Burnick joins 0:10:39.559 --> 0:10:42.280 us here in San Francisco. You would claim that this 0:10:42.440 --> 0:10:44.760 world model is the first of its kind, and you 0:10:44.880 --> 0:10:48.040 have the data from it that that proves its effectiveness. 0:10:48.120 --> 0:10:53.560 But the main point is validation of capability without collecting 0:10:53.600 --> 0:10:54.480 the real world data. 0:10:55.840 --> 0:10:57.959 Kind of yes, you got to model the right. 0:10:58.040 --> 0:11:01.240 So what had really does us is it gives us 0:11:01.240 --> 0:11:04.240 the ability to basically see the future with respect to 0:11:04.280 --> 0:11:06.640 what would happen if the role what actually takes these 0:11:06.640 --> 0:11:10.520 specific actions. And this allows us to really test at 0:11:10.559 --> 0:11:13.959 scale where these new AI models that we're actually creating 0:11:14.320 --> 0:11:16.200 will be better than the previous ones, right, and that 0:11:16.280 --> 0:11:18.280 really allows us to climb this and really to create 0:11:18.320 --> 0:11:20.160 better and better our models for physical labor. 0:11:20.280 --> 0:11:22.720 I wrote in the Tech and Depth newsletter this morning 0:11:22.840 --> 0:11:26.800 that if you look at particularly manufacturing jobs data, there 0:11:26.840 --> 0:11:28.800 is a need there. You know, it's hard to fill 0:11:28.840 --> 0:11:32.840 those roles. Why does this world model open a path 0:11:32.920 --> 0:11:37.920 to a world where humanoid robotics are genuinely useful, deployable 0:11:38.320 --> 0:11:42.040 in manufacturing or other logistic settings where a human is 0:11:42.200 --> 0:11:43.000 currently needed. 0:11:43.720 --> 0:11:45.840 So I think like taking a step back to us, 0:11:45.840 --> 0:11:48.679 like you know, we're a consumer company. Seen often ask 0:11:49.160 --> 0:11:51.400 right now, but to us, it's really about how do 0:11:51.440 --> 0:11:54.800 you create an actual abundance of artificial labor as quickly 0:11:54.800 --> 0:11:58.360 as possible, which means going into factories, going into enterprise 0:11:58.520 --> 0:12:02.840 services and everything right. But to get there and get 0:12:02.840 --> 0:12:05.320 your robos to be intelligent enough to solve these tasks, 0:12:05.840 --> 0:12:08.160 you just need this incredible diversity of data. 0:12:08.760 --> 0:12:11.319 And that's why we're going to the home first. And 0:12:12.960 --> 0:12:14.079 if you're deploying. 0:12:13.679 --> 0:12:17.040 These robots at scaling to homes, living and learning among us, 0:12:17.840 --> 0:12:19.800 then we also need to be able in a safe 0:12:19.840 --> 0:12:24.439 manner to test how will our models perform? And this 0:12:24.480 --> 0:12:26.240 is really what the world mode allows us to do. 0:12:26.520 --> 0:12:28.800 It allows us to take all of this data that 0:12:28.800 --> 0:12:31.960 we're gathering, create new models, and then see if we 0:12:32.000 --> 0:12:34.920 deployed these to our fleet of robots, how would it 0:12:34.960 --> 0:12:37.040 actually perform, Would all of the behaviors that it do 0:12:37.160 --> 0:12:40.600 actually be safe? Would it be able to do things 0:12:40.640 --> 0:12:43.640 that couldn't do before? And kind of really benchmark the 0:12:43.679 --> 0:12:45.600 models so we can progress. 0:12:45.400 --> 0:12:48.000 How soffiscated is the hardware right now, we're talking about 0:12:48.000 --> 0:12:49.680 how the models and the software is going to really 0:12:49.720 --> 0:12:51.760 bring it to bear. What are they already doing in 0:12:51.760 --> 0:12:54.040 the home those that are out in beta. 0:12:55.280 --> 0:12:59.160 So the hardware is actually really getting there. So I 0:12:59.200 --> 0:13:01.319 have one in my home, for example, and it's doing 0:13:01.400 --> 0:13:07.439 like tidying, cleaning, vacuuming, some laundry, different kind of tasks. 0:13:07.679 --> 0:13:09.160 The whole are on the home. 0:13:09.559 --> 0:13:11.800 And of course also the social aspect of this, right 0:13:12.040 --> 0:13:14.680 being able to have this AI companion together with you, 0:13:14.760 --> 0:13:16.880 which does not allow you doesn't actually require you to 0:13:16.880 --> 0:13:18.440 look at your phone all the time to be able 0:13:18.480 --> 0:13:23.280 to interface with AI. Now, currently this is still pretty 0:13:23.280 --> 0:13:26.480 brittle and the magic is there, and then maybe it 0:13:26.559 --> 0:13:29.959 lasts for a minute and then you need someone to 0:13:30.040 --> 0:13:32.280 nudge it in the right direction. Right, but it's really 0:13:32.280 --> 0:13:34.200 getting to where you see where this will go and 0:13:35.320 --> 0:13:37.640 the hardware can do it. And now it's really about 0:13:37.800 --> 0:13:40.280 how do we gather the data that allows us to 0:13:40.280 --> 0:13:43.600 automate all this behavior. And that's also really what we're 0:13:43.600 --> 0:13:46.720 doing this year, right, So when we're talking about the 0:13:46.760 --> 0:13:49.040 goal being by end of year, we're actually going to 0:13:49.080 --> 0:13:51.880 have this commercially out in the market. In homes, it's 0:13:51.920 --> 0:13:54.720 really important to do expectation management because this is not 0:13:55.480 --> 0:13:58.800 the consumer product at that point that everyone will have 0:13:58.840 --> 0:14:00.760 at home. This is the big beginning of a journey 0:14:00.760 --> 0:14:03.400 where we're inviting people in on our mission to really 0:14:03.559 --> 0:14:06.319 almost like adopt an neo into your family, have it, 0:14:06.400 --> 0:14:09.040 live and learn among us, and have a lot of 0:14:09.040 --> 0:14:10.680 fun around fun along the way. 0:14:11.640 --> 0:14:12.440 Okay, see your. 0:14:12.360 --> 0:14:14.480 Pitch, it's still early adopted here. 0:14:14.559 --> 0:14:18.440 Basically you're pitching an earlier adoptor in the home. Go 0:14:18.559 --> 0:14:20.680 to outside the home for a moment. I really want 0:14:20.680 --> 0:14:24.480 your expertise. When we're talking about having robots help manufacture 0:14:24.480 --> 0:14:27.480 here in the US, President Trump wants to build Apple 0:14:27.840 --> 0:14:31.000 phones here in the US. Is robotics at a level 0:14:31.000 --> 0:14:32.520 in the next few years where we could ever make 0:14:32.560 --> 0:14:33.800 that achievable. 0:14:35.320 --> 0:14:36.240 In the next few years. 0:14:36.280 --> 0:14:38.200 I think like this is going to happen a lot 0:14:38.320 --> 0:14:41.640 sooner than people might think. But it's not happening this year. 0:14:42.240 --> 0:14:45.160 But we are a few years, not a few decades 0:14:45.320 --> 0:14:48.760 away from where actually, most importantly to me, robots can 0:14:48.840 --> 0:14:51.840 build robots, meaning we can have robots build more robots, 0:14:51.880 --> 0:14:54.480 We can have robots build out the energy infrastructure, the 0:14:54.560 --> 0:14:57.440 data centers, the chip fabs and really enable us to 0:14:57.480 --> 0:14:57.840 get this. 0:14:57.840 --> 0:15:00.200 Multiplier on the workforce for artificial labor. 0:15:00.240 --> 0:15:02.800 Which will allow us to automate all kinds of factory 0:15:02.880 --> 0:15:05.240 work across the US. And I think this can have 0:15:05.960 --> 0:15:08.480 a tremendous impact on our GDP right and how we. 0:15:08.400 --> 0:15:11.320 Can grow our way out of the current deficit. 0:15:12.480 --> 0:15:14.720 But I also wanted to just do expectation management and 0:15:14.760 --> 0:15:18.440 say like this is years away, but years it's not 0:15:18.480 --> 0:15:20.400 that long in the ground picture of things, it's not. 0:15:20.440 --> 0:15:21.400 Okay, you first. 0:15:21.200 --> 0:15:23.960 Came on our radar in Video GtC. You had this 0:15:24.040 --> 0:15:26.400 sort of very prominent place, and I know that the 0:15:26.440 --> 0:15:30.920 one X exchanged jackets with Jensen, etc. What is the 0:15:31.040 --> 0:15:33.520 unlock bin from Nvidia? You know they always talk about 0:15:33.520 --> 0:15:35.840 how they work in multiple ways, not just providing the 0:15:37.120 --> 0:15:41.080 basis for training, but the localized silicon for the robot 0:15:41.120 --> 0:15:44.280 itself and then simulated or virtual data. Just to explain 0:15:44.360 --> 0:15:45.120 the relationship. 0:15:45.920 --> 0:15:48.680 Yeah, sure, and Video is an amazing partner, right, and 0:15:48.720 --> 0:15:51.480 we're working very deeply together both with our engineering team. 0:15:51.800 --> 0:15:56.720 We're using their hardware, we're using their simulators, and I 0:15:56.720 --> 0:15:59.000 think they've done an incredible job in just enabling the 0:15:59.000 --> 0:16:01.200 ecosystem and all of the things you've touched upon. 0:16:01.240 --> 0:16:02.240 We are using right. 0:16:02.120 --> 0:16:06.720 So they're very fast simulators that allow us to learn 0:16:06.760 --> 0:16:08.680 a lot in simulation before we have to go into 0:16:08.720 --> 0:16:11.360 the real world. It's really valuable for us. We had 0:16:11.360 --> 0:16:16.320 some great results we published last week from our reinforcement 0:16:16.400 --> 0:16:18.960 learning and our work on how to use the entire 0:16:19.000 --> 0:16:20.800 body like you can see here to robot actually using 0:16:20.800 --> 0:16:22.920 its entire body to do tasks, and this is training 0:16:23.000 --> 0:16:27.400 nvidas simulators. The compute on Border robot actually is nvida's harbor, 0:16:27.600 --> 0:16:30.000 and they've done a great job in creating very good 0:16:30.080 --> 0:16:33.840 embedded compute that can allow us to run the robot 0:16:34.280 --> 0:16:37.360 fully kind of enclosed. Right doesn't actually need to be 0:16:37.360 --> 0:16:40.600 connected to the internet to do its tasks. And of 0:16:40.640 --> 0:16:44.040 course we're training on the infrastructure from NVIDA like everyone else. 0:16:44.240 --> 0:16:46.440 We're talking a lot about your model world model today, 0:16:46.480 --> 0:16:49.240 but we're showing also pictures on the screen of the 0:16:49.280 --> 0:16:52.440 hardware side. What is different, what is your different mission 0:16:52.520 --> 0:16:57.080 statement to a figure, AI, agility, TESLA and optimists all 0:16:57.120 --> 0:16:59.080 the things we've been talking about for many weeks. 0:16:59.400 --> 0:17:01.280 Sure, so of course I don't want to speak on 0:17:01.280 --> 0:17:03.240 other's behalf. But I can see like my view on this, 0:17:03.400 --> 0:17:06.679 so I'd actually say it's pretty different because most of 0:17:06.720 --> 0:17:08.719 the companies in this field they're focusing on how can 0:17:08.760 --> 0:17:11.720 we be useful as quickly as possible in manufacturing or 0:17:12.000 --> 0:17:14.840 some kind of enterprise, while to me, it's actually all 0:17:14.880 --> 0:17:17.280 about how can we make robots that are safe so 0:17:17.320 --> 0:17:19.440 they can live and learn among people, because that's how 0:17:19.480 --> 0:17:22.719 we get to truly intelligent machines. And if you want 0:17:22.760 --> 0:17:24.920 to put them in consumer they need to be extremely affordable. 0:17:25.200 --> 0:17:26.960 So you need to have this combination of something that's 0:17:27.119 --> 0:17:30.600 very safe but still affordable and very capable, and then 0:17:30.640 --> 0:17:32.720 you can have this living and learning among people. 0:17:32.840 --> 0:17:35.119 And basically solve the full problem, right, how do we. 0:17:35.119 --> 0:17:37.359 Get robots that are as intelligent as us so that 0:17:37.400 --> 0:17:39.280 we can easily instruct them in how to do labor 0:17:39.280 --> 0:17:45.880 across society at scale? So I'd say like we're betting 0:17:45.960 --> 0:17:48.040 to go directly to the goal instead of going through 0:17:48.080 --> 0:17:48.600 the factories. 0:17:49.240 --> 0:17:52.120 Ben Berneck, it's been great having you CEO and CTO 0:17:52.320 --> 0:17:54.159 of one X Technology is fascinating. 0:17:54.200 --> 0:17:54.480 Thanks. 0:18:00.040 --> 0:18:02.160 It is time now for talking tech and first up 0:18:02.359 --> 0:18:05.120 shares a Roku surging today. Now the company has announced 0:18:05.119 --> 0:18:07.760 a partnership with Amazon Ads that it says will allow 0:18:07.800 --> 0:18:11.200 advertisers access to more than eighty percent of US households 0:18:11.280 --> 0:18:12.439 with Amazon Connected TVs. 0:18:12.480 --> 0:18:12.640 Now. 0:18:12.640 --> 0:18:15.160 The full integration and roll out to all advertisers that's 0:18:15.160 --> 0:18:17.880 expected by Q four of this year likely drive more 0:18:17.880 --> 0:18:19.680 demand for Roku's US inventory. 0:18:19.680 --> 0:18:21.440 Analysts A plus. 0:18:21.160 --> 0:18:24.800 Imax, while it is set to expand it screens aggressively 0:18:24.800 --> 0:18:28.159 across China, i'm act as Chinese arm alongside partner Wonder Films, 0:18:28.400 --> 0:18:31.320 says they will replace twenty seven screens in IMAX's jumbo screen. 0:18:31.560 --> 0:18:34.879 Imax will currently operate eight hundred screens in China, and 0:18:34.920 --> 0:18:38.040 it drew a record twenty two million customers from January 0:18:38.040 --> 0:18:38.360 to May. 0:18:38.840 --> 0:18:40.880 And Taiwan's International. 0:18:40.280 --> 0:18:44.080 Trade Administration has added Huawei and Smith it's list of 0:18:44.160 --> 0:18:47.600 blacklisted companies. It's a move that undercuts China's efforts in 0:18:47.640 --> 0:18:50.840 developing AI chip technology locally ed. 0:18:52.000 --> 0:18:55.000 Turning to Tesla, the company's full self driving tech stack, 0:18:55.040 --> 0:18:58.040 alongside their ability to scale, is proving to be a 0:18:58.040 --> 0:19:01.760 tailwind against drivers like Weaimo is the robotaxi race ramps up. 0:19:01.800 --> 0:19:05.000 That's the latest from Bloomberg Intelligence Steve Man, who led 0:19:05.040 --> 0:19:08.200 the research, joins us. Now, the kind of key headline 0:19:08.240 --> 0:19:11.840 from the REACT piece is that Tesla's vehicle costs is 0:19:11.880 --> 0:19:15.520 about one seventh of Weaimo's. Why were you so focused 0:19:15.520 --> 0:19:17.360 on that, Steve Well? 0:19:17.560 --> 0:19:20.719 I think is the critical piece in getting it on 0:19:20.760 --> 0:19:25.879 a commercial basis, on a mass scale basis. And also, 0:19:26.400 --> 0:19:27.360 you know the. 0:19:27.320 --> 0:19:28.800 Payback is also important. 0:19:28.840 --> 0:19:32.520 If you can produce the cars at a fraction of 0:19:32.560 --> 0:19:35.840 the price, Look, you can get more of these vehicles 0:19:35.880 --> 0:19:39.280 out on the road. And also you know, whoever is 0:19:39.359 --> 0:19:42.280 running can actually make their money back much sooner. 0:19:43.040 --> 0:19:47.520 The issue you really highlight is the lack of production 0:19:47.600 --> 0:19:51.200 of real vehicles by Weimo versus. Tesla just has hundreds 0:19:51.240 --> 0:19:52.840 of thousands of millions on the road already. 0:19:53.040 --> 0:19:54.200 Is that the key dividing factor? 0:19:54.240 --> 0:19:58.879 Histey, that's one key dividing factor. I think technology is 0:19:58.960 --> 0:20:03.480 also important. Look, I don't want to discount Weymo technology. 0:20:03.600 --> 0:20:06.280 I think you know they've have had a number of 0:20:06.280 --> 0:20:07.080 cars on the road. 0:20:07.680 --> 0:20:08.320