WEBVTT - Everything AI at CES and Amazon Debuts Latest Streaming Feature 0:00:01.400 --> 0:00:02.120 From Marhart. 0:00:02.279 --> 0:00:06.720 We're Innovation, Money and Power Collie in Silicon Valley, NBN. 0:00:07.040 --> 0:00:23.360 This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. 0:00:25.680 --> 0:00:28.240 I'm Caroline Hyde and Bloomberg's world headquarters. 0:00:27.760 --> 0:00:32.160 In New York, and I'm Ed Ludlow live at CS 0:00:32.280 --> 0:00:35.360 Las Vegas. This is Bloomberg Technology. 0:00:35.000 --> 0:00:36.120 Coming up on the show. 0:00:36.400 --> 0:00:39.280 Full coverage from CS in Las Vegas. With Then we 0:00:39.320 --> 0:00:42.080 sit down with the CEO's of Qualcom, of mobili and 0:00:42.120 --> 0:00:44.520 we're here from a cito of Mercedes on Generator AI 0:00:44.680 --> 0:00:48.279 in Auto's Plus the CS underway. Amazon reveals it's new 0:00:48.320 --> 0:00:52.240 streaming feature to rival Apple's Airplay. Details on that ahead, 0:00:52.640 --> 0:00:55.520 and Bitcoin it hovers just below that forty seven thousand 0:00:55.560 --> 0:00:58.480 dollars mark, all ahead of the all important SEC decision 0:00:58.520 --> 0:01:01.360 on the spot Bitcoin ETF that we anticipate all that 0:01:01.440 --> 0:01:03.880 and so much more coming up first. 0:01:04.200 --> 0:01:06.479 Ed, you are live on the ground. 0:01:06.120 --> 0:01:08.960 And it must all feel like it's about artificial intelligence. 0:01:11.160 --> 0:01:14.200 Yeah, it's AI everything, but you know the name Consumer 0:01:14.280 --> 0:01:17.959 Electronics Show. The range of companies here that are bringing 0:01:18.000 --> 0:01:22.720 substantive news about AI is really interesting, from beauty to 0:01:22.800 --> 0:01:26.000 big box right. Walmart CEO Doug McMillan, one of the 0:01:26.080 --> 0:01:29.480 keynote speakers. I'll be speaking to the Nasdaq CEO Adina 0:01:29.480 --> 0:01:33.040 Freeman about the impact of AI on financial markets over 0:01:33.080 --> 0:01:35.040 the next twenty four to forty eight hours. Look at 0:01:35.040 --> 0:01:37.080 some of the stocks of these companies, because we're already 0:01:37.080 --> 0:01:40.319 seeing moves, for example in video based on the CS 0:01:40.319 --> 0:01:41.280 announcements they're making. 0:01:41.560 --> 0:01:44.480 Yeah, maybe even Amazon Driving Train because of its announcement 0:01:44.480 --> 0:01:47.440 as well. But the cars still front and center. It 0:01:47.480 --> 0:01:50.040 always has felt like cars have encroached on the tech 0:01:50.080 --> 0:01:50.640 space of late. 0:01:51.360 --> 0:01:54.480 Yeah, there is a heavy presence of the automotive sector here, 0:01:54.560 --> 0:01:58.760 particular focus on technology that ranges from AI and perhaps 0:01:58.880 --> 0:02:02.120 advanced driver's system. It's an autonomy right through to the 0:02:02.160 --> 0:02:04.920 next generation of battery electric vehicles. That's going to be 0:02:05.000 --> 0:02:08.280 the discussion here throughout this hour. Really heavy automotive scene 0:02:08.440 --> 0:02:09.519 underpinning it AI. 0:02:10.000 --> 0:02:11.519 I mean, we've got to get to what's happening on 0:02:11.560 --> 0:02:13.800 the ground in CS and you've got a key special 0:02:13.800 --> 0:02:14.320 guest for us. 0:02:15.480 --> 0:02:18.400 Yeah, let's get right to our first interview Mercedes CTO 0:02:18.919 --> 0:02:23.120 Marcus Schaeffer, and as we discuss Mercedes starting their announcements 0:02:23.440 --> 0:02:26.440 focused on AI and Marcus I don't know what to 0:02:26.480 --> 0:02:29.520 make of this. You're calling it a virtual assistant. It 0:02:29.680 --> 0:02:34.440 is part generative AI tool, it's part cockpit. Explain the 0:02:34.520 --> 0:02:36.720 virtual assistant to us and what you've announced this morning. 0:02:37.320 --> 0:02:39.840 Well, I would call AI a real game changer, and 0:02:40.040 --> 0:02:42.680 at this moment in time, from most they dispense. So 0:02:42.720 --> 0:02:45.880 AI is used in several instance, it's grading a car 0:02:46.080 --> 0:02:50.000 much faster, riding cold, but AI these days is helping 0:02:50.080 --> 0:02:52.679 us really to put the car in a different light. 0:02:53.800 --> 0:02:57.160 So the car is no longer a vehicle just takes 0:02:57.160 --> 0:02:59.480 you from A to B. It's somebody who can talk 0:02:59.560 --> 0:03:00.760 to And that's. 0:03:00.600 --> 0:03:03.239 Exactly basic that how does it work? How do I interact? 0:03:03.280 --> 0:03:06.360 So it's about the human machine interface actually, and it 0:03:06.520 --> 0:03:09.000 used to be knobs and buttons in the past, and 0:03:09.040 --> 0:03:13.840 it was voice signals phrases that you were using. Now 0:03:13.919 --> 0:03:17.920 at the present time, we're using actually even jet GPT 0:03:18.200 --> 0:03:20.720 in some instances in US cars, but that's more a 0:03:20.760 --> 0:03:24.079 one way dialogue. But now with the virtual system AI 0:03:24.240 --> 0:03:27.760 and the in house software, we're enabling a dialogue. So 0:03:28.160 --> 0:03:32.400 this enables a fully intelligent car and intelligent conversation. So 0:03:32.480 --> 0:03:36.960 the car appears in a completely different context and that's 0:03:36.960 --> 0:03:40.320 what the user is already experiencing participating in our chet 0:03:40.360 --> 0:03:44.400 GIPT beta program. So the use of voice control and 0:03:44.480 --> 0:03:49.400 voice interaction with a car is just rising traumatically by 0:03:49.440 --> 0:03:52.560 a more intelligent conversation with a car. And that's exactually 0:03:52.840 --> 0:03:56.120 what this virtual system that we are creating with the 0:03:56.160 --> 0:03:59.120 help of AI and in house software is enabling. So 0:03:59.840 --> 0:04:03.160 this changes the relation between you, the customer and the 0:04:03.200 --> 0:04:03.960 car dramatically. 0:04:04.280 --> 0:04:07.920 Marcus, who built the underlying technology Mercedes, or you worked 0:04:07.960 --> 0:04:10.040 with an AI developer like open Ai. 0:04:10.800 --> 0:04:14.200 Well, the key is that's our understanding. We developing our 0:04:14.240 --> 0:04:17.839 own in house software. We call it Mercedes Spence Operating 0:04:17.920 --> 0:04:21.640 System MBOs. It's called MBOs. So this is the foundation, 0:04:21.760 --> 0:04:25.000 this is a basis. This is a chip to cloud architecture. 0:04:25.080 --> 0:04:27.600 So we're defining the chip level, we're defining the base 0:04:27.680 --> 0:04:31.720 like middleware. We're defining our clouds. So we own the cloud, 0:04:32.000 --> 0:04:35.560 the Mercedespence Intelligent Cloud. So it's a complete three hundred 0:04:35.560 --> 0:04:39.440 and sixty decreased system. And within this system, we're having partners, 0:04:39.880 --> 0:04:44.039 so we're using partners for AI modules, data access, and 0:04:44.120 --> 0:04:46.680 so we're partnering here partially. When it comes to the 0:04:46.720 --> 0:04:50.480 virtual Assistant, but partially the software is written in house 0:04:50.800 --> 0:04:53.640 in order to be in control of the result towards 0:04:53.720 --> 0:04:55.919 the customer and the data privacy. 0:04:56.480 --> 0:04:59.360 Just very quickly, if I'm a Mercedes customer, do I 0:04:59.480 --> 0:05:02.000 purchase Virtual Assistant or does it come as part of 0:05:02.000 --> 0:05:03.520 a broader software suite. 0:05:04.040 --> 0:05:07.719 Well, the idea is that we provide a complete entertainment package. 0:05:08.160 --> 0:05:10.960 So it's not only the virtual system model lines or 0:05:11.080 --> 0:05:15.680 across all model lines. So it's ultimately about the customer experience, 0:05:15.800 --> 0:05:18.640 and the Virtual Assystem is just an enabler and intelligent 0:05:18.880 --> 0:05:24.080 enabler that opened up the world of entertainment for Benz customer. 0:05:24.240 --> 0:05:27.719 So you purchase a whole package of entertainment. It's video, 0:05:28.080 --> 0:05:33.320 it's audio. We just announced yesterday partnership with Audible Podcast. 0:05:33.960 --> 0:05:36.800 So there are many many ways that entertainment in the 0:05:36.880 --> 0:05:40.440 mercedspense is taken to the next level through the Virtual Assistant. 0:05:41.120 --> 0:05:45.440 Marcus, you are entering a key battleground with drive pilots 0:05:45.960 --> 0:05:50.160 level three California and Nevada at first, and customers will 0:05:50.200 --> 0:05:54.520 be able to start taking delivery download of this early 0:05:54.560 --> 0:05:57.919 twenty twenty four. What has demand been like? Can you 0:05:57.960 --> 0:06:01.080 tell me how many Mercedes customers will be able to 0:06:01.160 --> 0:06:05.760 use drive pilot on roads in those states. Twenty twenty four, Well. 0:06:05.640 --> 0:06:08.920 We started offering a level three drive pilot in Germany 0:06:09.000 --> 0:06:12.520 last year, so we have quite some experience in Germany 0:06:12.600 --> 0:06:15.719 and the interest in purchasing the drive Pilot with the 0:06:15.839 --> 0:06:19.240 S class and the EQS is really really high in Germany. 0:06:19.600 --> 0:06:22.320 So now we're starting in the market here in Nevada 0:06:22.400 --> 0:06:26.719 and in California. Customers will receive the first cars and 0:06:26.760 --> 0:06:30.240 the interest is absolutely high. But this is a game changer. 0:06:30.640 --> 0:06:31.680 This is an absolute new. 0:06:31.600 --> 0:06:34.279 Game knowlogier for revenue as well as technology. Will you 0:06:34.279 --> 0:06:35.360 make it work vanguards from it? 0:06:35.560 --> 0:06:39.760 Technologically, it's a game changer because responsibility moving from level 0:06:39.800 --> 0:06:43.200 two cars to level three cars changes from the driver 0:06:43.640 --> 0:06:47.920 to the vehicle and that's a fundamental paradigm shift that's 0:06:48.040 --> 0:06:52.040 happening here supported by technology. So there's lighter technology in 0:06:52.080 --> 0:06:56.719 the car, cameras, radars, a software stack, an intelligence software stack, 0:06:57.000 --> 0:06:59.599 and intensive for work with the authorities here in the 0:06:59.680 --> 0:07:04.920 US to get it certified. So it's a huge technology 0:07:04.960 --> 0:07:08.159 stack and package that we're offering the customers here with 0:07:08.279 --> 0:07:12.520 a benefit that you are unable to perform side activities 0:07:12.680 --> 0:07:16.360 while you're driving, so off the road and hands off 0:07:16.360 --> 0:07:18.880 the steering wheel for the first time. Right, this is 0:07:18.920 --> 0:07:21.000 the only vehicle in the market so far. 0:07:21.600 --> 0:07:24.000 You raise a good point on certification. A big news 0:07:24.000 --> 0:07:27.560 story of the last week has been the recall in 0:07:27.680 --> 0:07:31.320 name only of all Tesla vehicles on autopilot in China, 0:07:31.640 --> 0:07:35.160 and the regulator said, you need to do more to 0:07:35.200 --> 0:07:39.000 get the driver focused on the road, more alerts. Do 0:07:39.080 --> 0:07:41.920 you think you'll avoid a soft recall like that? Are 0:07:41.960 --> 0:07:44.920 you confident that once drive pilot is rolled out here 0:07:44.960 --> 0:07:47.720 in the United States and later China, that it will 0:07:47.800 --> 0:07:50.240 just be able to exist in the marketplace. 0:07:50.680 --> 0:07:52.680 I believe you can never rule out that you were 0:07:52.720 --> 0:07:55.600 running into a recall. But on the other hand, we're 0:07:55.640 --> 0:07:59.800 doing everything in the forefield to avoid this and making 0:07:59.800 --> 0:08:04.080 sure this is a reliable system. So the intensive work, 0:08:04.160 --> 0:08:07.280 extensive work with the authorities over a couple of years 0:08:07.320 --> 0:08:11.280 with DMVNITZA and many authorities in the country to explain 0:08:11.320 --> 0:08:14.000 the system to them and the boundaries of the system. 0:08:14.240 --> 0:08:15.160 What the system can. 0:08:15.040 --> 0:08:17.680 Do and what the system cannot do is so essential, 0:08:18.040 --> 0:08:20.480 and to explain it in detail also to the customer. 0:08:20.840 --> 0:08:24.640 So it's an education process that has happened over the 0:08:24.760 --> 0:08:27.840 last two years three years in the country here making 0:08:27.880 --> 0:08:32.560 sure customers and the legislator understand the boundaries of the 0:08:32.600 --> 0:08:35.640 system here, and I think it's very important to distinguish 0:08:35.679 --> 0:08:38.800 being a level two system, a driver a system system 0:08:39.559 --> 0:08:45.720 and an automated drive. Pilots the lowest and it's so 0:08:45.880 --> 0:08:48.559 essential for the customers that they understand what the system 0:08:48.840 --> 0:08:50.960 is able to do and what they can do what 0:08:51.040 --> 0:08:53.960 they cannot do in order to avoid what we call 0:08:54.160 --> 0:08:57.560 mode confusion. So you should never confuse your customer what 0:08:57.600 --> 0:08:59.920 the system is able to do. That's why we clear 0:09:00.160 --> 0:09:04.520 distinguished this is a level two car driver systems takes 0:09:04.520 --> 0:09:06.560 a lot of load from you, but you always have 0:09:06.640 --> 0:09:08.560 to have your hand in the steering wheel and you 0:09:08.600 --> 0:09:11.720 are in charge. But in level three you give the 0:09:11.760 --> 0:09:15.640 responsibility to the machine and that's a fundamental change. With 0:09:15.760 --> 0:09:20.240 the benefit you can perform side activities, watching movies and 0:09:20.280 --> 0:09:21.959 doing other things in the car legally. 0:09:22.320 --> 0:09:25.920 Marcus Schaefer, Mercedes Chief Technology Officer CTO, good to catch 0:09:26.000 --> 0:09:28.920 up here at CES. Caroline Ba's you in New York. 0:09:29.280 --> 0:09:32.360 Love the nuances when it comes to tech within the autosphere. Meanwhile, 0:09:32.400 --> 0:09:34.199 coming up, we're going to be continuing that coverage from 0:09:34.280 --> 0:09:38.160 cs next up the Mobile I co You do not 0:09:38.320 --> 0:09:41.440 want to miss our conversation coming up next. Meanwhile, just 0:09:41.679 --> 0:09:43.240 keep an eye on what's happening with the shares of 0:09:43.280 --> 0:09:46.640 your brown left. Today we go from autodiscussion to the 0:09:46.640 --> 0:09:50.880 discussion around flexible working and indeed gig working. The pushback 0:09:50.960 --> 0:09:53.600 is on, of course once again the federal government really 0:09:53.640 --> 0:09:56.600 trying to look at how we are protecting employees whether 0:09:56.679 --> 0:10:00.000 contractors are indeed full time employees or not. You can expect, 0:10:00.040 --> 0:10:01.640 of course, the Chamber of Commerce and I need some 0:10:01.640 --> 0:10:03.080 of these companies to push back against the. 0:10:03.080 --> 0:10:05.880 Latest labor law that has just dropped. Today, we're still. 0:10:05.760 --> 0:10:07.760 Up on the high side, lift up more than percentage point, 0:10:07.840 --> 0:10:10.720 uber more than two percent, so no great investor concerns 0:10:10.760 --> 0:10:11.240 at the moment. 0:10:11.360 --> 0:10:25.040 This is Bloomberg Technology. 0:10:26.800 --> 0:10:29.960 Welcome back to cs LAS Vegas. Our next interview Mobilized 0:10:30.000 --> 0:10:34.400 CEO am Noon Shashua, the technology company announcing a range 0:10:34.440 --> 0:10:37.720 of news items to do with advanced driver assistance and 0:10:37.720 --> 0:10:41.280 actually amnon you literally right now are announcing a new 0:10:41.320 --> 0:10:46.880 one DXP, an operating system for aid AS. What is it? 0:10:46.960 --> 0:10:48.200 Explain how it works? 0:10:48.520 --> 0:10:50.520 Well, it's good to be here, ed always good to 0:10:50.520 --> 0:10:54.040 see you, the expered to driving experience to the platform. 0:10:54.559 --> 0:10:57.599 There is a natural tension between the need of his 0:10:57.679 --> 0:11:01.199 supplier to skill I'll create to one system that fits 0:11:01.200 --> 0:11:03.480 all right, and the need of the customer the car 0:11:03.559 --> 0:11:07.720 maker to differentiate, try to make something that is unique 0:11:07.920 --> 0:11:13.040 to its own driving experience. And the way that this 0:11:13.120 --> 0:11:16.480 has been handled so far is let's provide the car 0:11:16.559 --> 0:11:20.439 maker with libraries with API calls and let the car 0:11:20.520 --> 0:11:24.840 maker build their own system. And this doesn't look that, 0:11:24.920 --> 0:11:25.480 it seems to. 0:11:25.440 --> 0:11:28.080 Work, okay, so you're basically going to yours basically in 0:11:28.120 --> 0:11:31.439 saying here is an operating system. 0:11:31.040 --> 0:11:35.360 So that there are kind of two extremes. What we 0:11:35.480 --> 0:11:39.920 separated is what is universal and what is unique universal, say, 0:11:39.920 --> 0:11:40.880 for example, perception. 0:11:40.960 --> 0:11:42.080 Perception is universal. 0:11:42.120 --> 0:11:46.000 Why because there isn't any differentiation to do with understanding 0:11:46.040 --> 0:11:49.800 the environment, right, A BMW vehicle or UNDI vehicle or 0:11:49.800 --> 0:11:52.160 an AUDI vehicle to understand the environment the same way. 0:11:52.679 --> 0:11:57.120 So there's no differentiation there. HMI and control. Clearly that's 0:11:57.160 --> 0:12:00.080 in the territory of the car maker to differentiate. 0:12:00.040 --> 0:12:02.679 Especially if you have a highest speck car response. 0:12:02.480 --> 0:12:05.360 Yeah exactly. But then comes the big thing in the middle, 0:12:05.400 --> 0:12:08.440 the big elephant, which is called driving policy. This is 0:12:08.520 --> 0:12:11.000 all the decision making the car makes and the car 0:12:11.040 --> 0:12:13.600 needs to do in order to merge into traffic. When 0:12:13.640 --> 0:12:17.720 you're doing a hands free experience, now decide to change lane, 0:12:17.720 --> 0:12:20.360 when to change line, how to negotiate with other with 0:12:20.440 --> 0:12:25.439 other road users, the breaking profile, the comfort versus the 0:12:25.480 --> 0:12:29.360 safety type of balancing. There's lots and lots of you know, 0:12:29.480 --> 0:12:34.360 heavy AI. There lots of validation, you know, huge amount 0:12:34.400 --> 0:12:38.400 of data for training, and this is something that so 0:12:38.520 --> 0:12:42.720 far has been difficult to separate into something that you 0:12:42.760 --> 0:12:45.360 can just give a library to the car maker. So 0:12:45.400 --> 0:12:48.760 what we created we create an operating system that separates 0:12:48.840 --> 0:12:52.559 driving policy into the universal part, which Mobili does as 0:12:52.640 --> 0:12:55.640 kind of the substrate, all the all the difficult AI, 0:12:55.800 --> 0:12:58.840 all the difficult AIE parts, and then the unique parts. 0:12:59.280 --> 0:13:04.160 That is a set of code that we provide of 0:13:04.160 --> 0:13:08.040 course reference code to the carmakers that controls every aspect 0:13:08.040 --> 0:13:09.040 of the driving experience. 0:13:09.120 --> 0:13:12.520 Right, they customize this the OS relative to the model 0:13:12.520 --> 0:13:13.400 that they're trying SEA. 0:13:13.480 --> 0:13:15.480 It's just like writing an app on an iPhone. 0:13:15.920 --> 0:13:17.400 Just like writing app on an iPhone, you're going to 0:13:17.400 --> 0:13:18.600 make any money from this. 0:13:19.480 --> 0:13:22.520 Well, it allows us to scale. How so so because 0:13:22.760 --> 0:13:24.880 you know, we're talking about very complex systems. You are 0:13:24.920 --> 0:13:28.080 not just the front facing camera, you know, basic aidas. 0:13:28.559 --> 0:13:33.520 These are systems with eleven cameras and radars, heavy compute 0:13:34.200 --> 0:13:38.000 and scaling this from carmaker to carmaker is a challenge 0:13:38.000 --> 0:13:41.560 because these are complex systems. This DXP allows us to 0:13:41.600 --> 0:13:44.839 scale easily. From our point of view, we're creating one 0:13:44.880 --> 0:13:47.480 system that kind of fits all, but from the point 0:13:47.480 --> 0:13:49.439 of view of the car maker, the full control of 0:13:49.520 --> 0:13:53.080 changing the driving experience to whatever they desire. 0:13:53.360 --> 0:13:55.240 Let's talk about this, and we have to in the 0:13:55.240 --> 0:13:57.840 context of last week. You gave a sales outlook for 0:13:57.880 --> 0:14:01.640 this year overall below Wall Street estimates, but you basically 0:14:01.640 --> 0:14:04.679 said first quarter sales will be down fifty percent year 0:14:04.720 --> 0:14:09.600 on year. Why because customers built up inventores they've paused 0:14:09.720 --> 0:14:13.120 ordering to work through the back rone. A question that 0:14:13.160 --> 0:14:15.160 the street had is why didn't you see that coming 0:14:15.400 --> 0:14:16.160 a bit sooner. 0:14:16.920 --> 0:14:20.480 Look, this is the dark side of having long term commitments. 0:14:21.360 --> 0:14:23.680 You know, during the COVID the years we're talking about 0:14:23.720 --> 0:14:26.600 three years, we sold ninety nine million chips. Or during 0:14:26.640 --> 0:14:30.320 these three years we had to give long term commitments 0:14:30.360 --> 0:14:33.280 to our material suppliers, and we had to ask for 0:14:33.320 --> 0:14:35.240 long term commitments from our customers. 0:14:35.440 --> 0:14:36.360 The Tier one supplies. 0:14:36.400 --> 0:14:38.880 Long term commitments is a year and a half going forward, 0:14:39.400 --> 0:14:41.640 and it's difficult to kind of forecast a year and 0:14:41.680 --> 0:14:45.440 the half to do accurate forecasting. So we felt very 0:14:45.480 --> 0:14:48.280 secure that we have, you know, foreign purchase orders a 0:14:48.320 --> 0:14:50.800 year and a half ahead. Well, what it turns out 0:14:50.840 --> 0:14:53.840 that you know, customers, the Tier ones, they gradually built up. 0:14:55.360 --> 0:14:57.239 Inventory severe inventory. 0:14:57.320 --> 0:14:59.560 Well you know, it's about seven percent of what we 0:14:59.600 --> 0:15:01.600 shipped in three years, so it's not that severe, but 0:15:01.640 --> 0:15:04.360 two three percent a year. But you know, it was 0:15:04.440 --> 0:15:07.560 kind of under the rug. We didn't see it. We 0:15:07.600 --> 0:15:10.400 didn't see it coming. And now the first quarter of 0:15:10.400 --> 0:15:12.720 twenty twenty four, all this inventory is going to be 0:15:12.840 --> 0:15:16.440 used and then the remaining years as growth the second 0:15:16.480 --> 0:15:20.040 quarter or third quarter, fourth quarter is the natural growth 0:15:20.080 --> 0:15:22.000 of alas. 0:15:21.360 --> 0:15:24.320 Returning to grave. And you're seeing very quickly evidence that 0:15:24.360 --> 0:15:27.440 the inventories are now being worked through in first So. 0:15:27.480 --> 0:15:29.920 The first quarter, the invanty is going to be depleted 0:15:30.400 --> 0:15:31.760 and then we're going back to normal. 0:15:31.800 --> 0:15:35.040 Okay. The other piece of news is Mahindra you are 0:15:35.040 --> 0:15:38.040 going to provide a desk tech for their next gen cars. 0:15:38.360 --> 0:15:40.560 Give me some numbers. What does that look like over 0:15:40.600 --> 0:15:41.320 the coming years. 0:15:41.360 --> 0:15:44.440 Well, we have ADAS tech in India with Mahindra and 0:15:44.520 --> 0:15:47.600 Prime models in Prime models suv models and it turned 0:15:47.640 --> 0:15:49.960 out to be very successful. You know that the demand 0:15:50.040 --> 0:15:53.480 is about three times four times what they forecasted in India, 0:15:53.560 --> 0:15:56.320 so there is kind of a strong sense of desire 0:15:56.400 --> 0:16:00.880 for safety in India. What's interesting with this particular pr 0:16:01.440 --> 0:16:04.080 is not that it's regular aid US. It's our latest model, 0:16:04.120 --> 0:16:07.760 the Supervision eleven cameras around the car, hands free driving. 0:16:08.400 --> 0:16:10.640 And you wouldn't expect India to be one of those, 0:16:11.240 --> 0:16:14.520 you know, territories that will go and adopt such a system. 0:16:14.960 --> 0:16:19.280 And it shows that in India, you know, our new 0:16:19.600 --> 0:16:22.840 roads are being built, new highway roads are built being built, 0:16:23.080 --> 0:16:25.760 and the kind of safety that these systems provide there 0:16:25.840 --> 0:16:28.760 is a strong need for them. And India is a 0:16:28.840 --> 0:16:31.520 huge growth territory. So it's not only China. 0:16:31.720 --> 0:16:35.520 You also announced a deal with it unnamed automaker. I 0:16:35.560 --> 0:16:38.000 know you won't name them. The question our audience has 0:16:38.000 --> 0:16:40.920 for you is who is the lied our supplier on 0:16:41.000 --> 0:16:44.040 these deals when I posted you coming on. They all said, 0:16:44.040 --> 0:16:46.160 ask amnon, who's the lied oar supplier. 0:16:46.560 --> 0:16:49.640 Well, if I tell you, it may kind of indicate 0:16:49.680 --> 0:16:53.200 who is this Western Oh yem right. But you know 0:16:53.280 --> 0:16:58.560 we won seventeen models both Supervision and Chauffeur. This is 0:16:58.600 --> 0:17:01.800 a great win for our it's all coming out in 0:17:02.120 --> 0:17:06.280 twenty twenty six. It's actually also drive the Robotaxi. 0:17:06.800 --> 0:17:09.359 It's a huge it's a huge deal for us. 0:17:09.600 --> 0:17:12.280 I think overall, when you look at Supervision platform, we 0:17:12.320 --> 0:17:15.520 have now thirty car models three zero when we started 0:17:15.560 --> 0:17:17.120 only with two car models a year ago. 0:17:17.560 --> 0:17:19.720 I'm not sha share nobile. I CEEO. So good to 0:17:19.720 --> 0:17:20.960 catch Thank you, thank you at C. 0:17:21.160 --> 0:17:32.040 Yes time now for talking tech. 0:17:32.119 --> 0:17:35.680 First up, India's Z Entertainment Beaus reportedly missed the deadline 0:17:35.680 --> 0:17:38.359 to pay Walt Disney's India unit for the rights to 0:17:38.359 --> 0:17:40.920 televise cricket matches now Blue. Both sources say Z didn't 0:17:40.920 --> 0:17:43.840 pay a two hundred million dollar installment fee to Disney 0:17:43.960 --> 0:17:46.439 Star it it was due to a shortage of cash. 0:17:46.760 --> 0:17:48.920 Z and Disney Star entered that agreement at one point 0:17:48.920 --> 0:17:51.840 four billion dollar packed in August to broadcast the cricket 0:17:51.840 --> 0:17:55.399 games until twenty twenty seven. Meanwhile, JD dot COM's Dada 0:17:55.560 --> 0:17:59.399 Nexus says it's investigating suspicious practices that led to a 0:17:59.480 --> 0:18:01.040 discrepancy in its revenue outlook. 0:18:01.200 --> 0:18:02.720 A routine audit found. 0:18:02.480 --> 0:18:05.639 That Dudda may have overstated both sales and support costs 0:18:06.000 --> 0:18:07.919 i AM rough one hundred and forty million dollars, triggering 0:18:08.000 --> 0:18:10.960 a forty six percent job in its share price. Independent 0:18:10.960 --> 0:18:13.879 advisors will assist in the review of the situation. Plus 0:18:14.000 --> 0:18:17.240 Judipa Networks rising the most nearly twenty years. That's after 0:18:17.280 --> 0:18:19.280 the Wall Street Journals said that the company was in 0:18:19.359 --> 0:18:22.160 merger talks with the Hewlett Packard Enterprise. Now reports say 0:18:22.160 --> 0:18:26.320 that HPA would would acquire Juniper for about thirteen billion 0:18:26.359 --> 0:18:29.720 dollars representatives when both companies did not comment on the matter. 0:18:30.560 --> 0:18:32.399 Now, let's just briefly return. 0:18:32.160 --> 0:18:34.720 To what's going on at CS the conference there and 0:18:35.240 --> 0:18:37.400 there are going to be some big announcements from tech's 0:18:37.400 --> 0:18:38.119 biggest players. 0:18:38.160 --> 0:18:39.280 One of them is Amazon. 0:18:39.440 --> 0:18:42.439 It's already been unveiling its new video streaming features similar 0:18:42.440 --> 0:18:45.200 to that of Apple Airplay. Joining us to break down 0:18:45.240 --> 0:18:48.480 why this is important, Spencer, SOAPA, so already you can 0:18:48.520 --> 0:18:52.800 do Google or Android cast you can do Apple Airplay, 0:18:53.080 --> 0:18:56.040 Why does Amazon want to offer this optionality to Spencer. 0:18:57.440 --> 0:18:59.520 Yeah, so Amazon's playing a little bit of catch up here, 0:18:59.560 --> 0:19:02.240 and the key thing is that Amazon doesn't have a smartphone, 0:19:02.280 --> 0:19:04.159 so that's why it comes at in kind of a 0:19:04.160 --> 0:19:07.919 weak position. But It's realized people are using Prime Video 0:19:08.400 --> 0:19:12.040 and they want to stream Prime Video on another device, 0:19:12.280 --> 0:19:14.080 They're going to have to do that through either an 0:19:14.119 --> 0:19:18.200 Android phone or an iOS device, and so Amazon's recognizing 0:19:18.280 --> 0:19:23.479 you has to have its apps and functions operate that 0:19:23.520 --> 0:19:27.240 way on devices that it doesn't make. So right now 0:19:27.280 --> 0:19:28.919 you'll be able to date us today is you'll be 0:19:28.920 --> 0:19:33.680 able to stream Prime Video from an iOS or Android 0:19:33.680 --> 0:19:36.320 device onto like an EGO show, and that in months 0:19:36.400 --> 0:19:37.840 you'll be able to do it on a player TV 0:19:37.960 --> 0:19:40.040 and that sort of thing. But they're realizing is that 0:19:40.080 --> 0:19:42.440 people's devices need to be able to talk to. 0:19:42.359 --> 0:19:42.960 One another, and. 0:19:44.440 --> 0:19:46.600 That you need to be able to stream for one 0:19:46.680 --> 0:19:50.680 device your phone where you get the signal, onto another 0:19:50.720 --> 0:19:53.040 device where you want to watch it. 0:19:53.040 --> 0:19:54.720 It's called matter casting. 0:19:54.920 --> 0:19:56.880 Now already we know that some of these big tech 0:19:56.880 --> 0:19:59.760 companies have been trying to agree on the ways and 0:19:59.800 --> 0:20:02.880 where you can do this sort of technology but what's 0:20:03.040 --> 0:20:05.359 what's so hard about it? How hard did Amazon have 0:20:05.400 --> 0:20:08.000 to work? Briefly, Spencer, Well, we know. 0:20:07.960 --> 0:20:14.040 That they had to negotiate with Apple and Google and 0:20:14.040 --> 0:20:16.000 those things can be kind of tense, you know, hard 0:20:16.000 --> 0:20:17.879 to find a win win, and a lot of times 0:20:17.920 --> 0:20:19.800 these companies want to be in like kind of a 0:20:19.920 --> 0:20:23.280 walled garden where they control everything. 0:20:23.440 --> 0:20:25.840 Yeah, Spencer Soper, I know you're a busy guy. You're 0:20:25.880 --> 0:20:27.800 about to make that flight out to Las Vegas yourself. 0:20:27.800 --> 0:20:30.600 We really appreciate you bringing us that particular story. 0:20:30.840 --> 0:20:38.040 This is Blueberg Technology. 0:20:40.320 --> 0:20:42.520 Welcome back to blue Meg Technology. I'm Caroline Hyed in 0:20:42.560 --> 0:20:44.600 New York Ed. He's over there in Las Vegas. We'll 0:20:44.640 --> 0:20:45.920 be about to see us in a moment. But let's 0:20:45.920 --> 0:20:47.560 have a look at what's happening in the markets right now, 0:20:47.600 --> 0:20:50.480 because we are actually seeing a little bit of a recovery. 0:20:50.800 --> 0:20:53.280 We had seen some concerns around tech, particularly when it 0:20:53.280 --> 0:20:54.879 came to the chip stocks from she delve into in 0:20:54.880 --> 0:20:57.000 a moment, But now it's like one hundred currently recovering. 0:20:57.160 --> 0:20:59.800 We're only about twenty three points. That's less than to 0:21:00.119 --> 0:21:02.760 tents of a percent. Nevertheless, there is int cautious holding 0:21:02.760 --> 0:21:04.080 into the Nasdaq tenure. 0:21:03.880 --> 0:21:05.680 Yield currently seeing a bit of a bid. 0:21:05.680 --> 0:21:08.160 We're off by one two basis points across the curve 0:21:08.200 --> 0:21:10.000 in facts and buying into that three year auction that 0:21:10.040 --> 0:21:12.359 we're anticipating. But the direction of travel for bond markets 0:21:12.400 --> 0:21:15.400 really does stick tech. Perhaps what happens with overall equity 0:21:15.440 --> 0:21:17.680 markets as well. We're all wondering where the Federal Reserve goes. 0:21:17.920 --> 0:21:20.520 Bitcoin just down about seven ten percent and the moment 0:21:20.560 --> 0:21:22.320